Williams Companies, Inc. (The) — Earnings Quality Grade F
WMB · Energy
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 64 days, change -1 days YoY
AR growth 11.9% vs revenue growth 13.8%
Revenue 13.8%, CFFO 18.6%. Cash follows revenue
Expense Quality
Inventory 12.5% vs COGS 4.8%. Normal
CapEx growth 86.7% is >2x revenue growth 13.8%
SG&A/Gross Profit = 9.7%, excellent (<30%)
Gross margin 62.0%, change +3.3pp. Stable
Cash Flow Quality
CFFO/NI = 2.25. Profits backed by cash
FCF $0.9B, FCF/NI = 0.34
Accruals ratio = -5.6%. Low accruals
Cash $0.1B covers only 0% of debt $29.4B
Balance Sheet Health
Goodwill+Intangibles $6.8B = 53% of equity. Over 50%
Debt/EBITDA = 4.0x. Healthy
Other assets 9.9% vs revenue 13.8%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -6% YoY. Normal
Manipulation Score
M-Score = -2.68 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10