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Enterprise Products Partners vs Williams Companies: revenue, profit, margins and growth compared

Enterprise Products Partners brought in $52.6B of revenue in fiscal 2025, Williams Companies $14.9B in fiscal 2025. Revenue changed by -6.4% at Enterprise Products Partners and +17.9% at Williams Companies on the year before, so Williams Companies grew faster. Enterprise Products Partners kept 11.0% of its revenue as net profit, Williams Companies 17.6%. Free cash flow was $3B at Enterprise Products Partners and $1B at Williams Companies.

Side by side, latest fiscal year

EPDWMB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$52.6B$14.9B
Revenue growth-6.4%+17.9%
Net income$5.8B$2.6B
Net margin11.0%17.6%
Free cash flow$3B$1B
Free cash flow margin5.6%6.7%
Earnings per share (diluted)n/a$2.14
Cash$969M$63M
Debt$34.4B$28.7B
Price to earningsn/a32.2
Market value$79.1B$84.4B
Dividend yieldn/a2.90%
Rank by revenue in sector#2 of 125 · Utilities#22 of 125 · Utilities

Over the years

Revenue
EPD FY2018: $36.5BEPD FY2019: $32.8BEPD FY2020: $27.2BEPD FY2021: $40.8BEPD FY2022: $58.2BEPD FY2023: $49.7BEPD FY2024: $56.2BEPD FY2025: $52.6BWMB FY2018: $8.7BWMB FY2019: $8.2BWMB FY2020: $7.7BWMB FY2021: $12.8BWMB FY2022: $17.8BWMB FY2023: $12BWMB FY2024: $12.6BWMB FY2025: $14.9BFY18FY19FY20FY21FY22FY23FY24FY25
EPD $52.6BWMB $14.9B
Net income
EPD FY2018: $4.2BEPD FY2019: $4.6BEPD FY2020: $3.8BEPD FY2021: $4.6BEPD FY2022: $5.5BEPD FY2023: $5.5BEPD FY2024: $5.9BEPD FY2025: $5.8BWMB FY2018: -$155MWMB FY2019: $850MWMB FY2020: $211MWMB FY2021: $1.5BWMB FY2022: $2BWMB FY2023: $3.2BWMB FY2024: $2.2BWMB FY2025: $2.6BFY18FY19FY20FY21FY22FY23FY24FY25
EPD $5.8BWMB $2.6B
Net margin
EPD FY2018: 11.4%EPD FY2019: 14.0%EPD FY2020: 13.9%EPD FY2021: 11.4%EPD FY2022: 9.4%EPD FY2023: 11.1%EPD FY2024: 10.5%EPD FY2025: 11.0%WMB FY2018: -1.8%WMB FY2019: 10.4%WMB FY2020: 2.7%WMB FY2021: 11.9%WMB FY2022: 11.5%WMB FY2023: 26.5%WMB FY2024: 17.6%WMB FY2025: 17.6%FY18FY19FY20FY21FY22FY23FY24FY25
EPD 11.0%WMB 17.6%
Revenue growth
EPD FY2019: -10.3%EPD FY2020: -17.0%EPD FY2021: +50.0%EPD FY2022: +42.6%EPD FY2023: -14.6%EPD FY2024: +13.1%EPD FY2025: -6.4%WMB FY2019: -5.6%WMB FY2020: -5.9%WMB FY2021: +65.6%WMB FY2022: +39.0%WMB FY2023: -32.5%WMB FY2024: +5.3%WMB FY2025: +17.9%FY19FY20FY21FY22FY23FY24FY25
EPD -6.4%WMB +17.9%
Free cash flow
EPD FY2018: $1.9BEPD FY2019: $2BEPD FY2020: $2.6BEPD FY2021: $6.3BEPD FY2022: $6.1BEPD FY2023: $4.3BEPD FY2024: $3.6BEPD FY2025: $3BWMB FY2018: $37MWMB FY2019: $1.6BWMB FY2020: $2.3BWMB FY2021: $2.7BWMB FY2022: $2.6BWMB FY2023: $3.4BWMB FY2024: $2.4BWMB FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
EPD $3BWMB $1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Enterprise Products Partners and Williams Companies

Which is bigger by revenue, Enterprise Products Partners or Williams Companies?

Enterprise Products Partners is bigger by revenue: $52.6B in fiscal 2025, against $14.9B for Williams Companies in fiscal 2025.

Which keeps more of its revenue as profit, Enterprise Products Partners or Williams Companies?

Enterprise Products Partners had a net margin of 11.0% in fiscal 2025; Williams Companies had 17.6% in fiscal 2025.

Which grew revenue faster, Enterprise Products Partners or Williams Companies?

In their latest fiscal years revenue changed by -6.4% at Enterprise Products Partners and +17.9% at Williams Companies.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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