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Kinetik vs Williams Companies: revenue, profit, margins and growth compared

Kinetik brought in $1.8B of revenue in fiscal 2025, Williams Companies $14.9B in fiscal 2025. Revenue changed by +19.0% at Kinetik and +17.9% at Williams Companies on the year before, so Kinetik grew faster. Kinetik kept 10.1% of its revenue as net profit, Williams Companies 17.6%. Free cash flow was $111.6M at Kinetik and $1B at Williams Companies.

Side by side, latest fiscal year

KNTKWMB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.8B$14.9B
Revenue growth+19.0%+17.9%
Net income$178.3M$2.6B
Net margin10.1%17.6%
Free cash flow$111.6M$1B
Free cash flow margin6.3%6.7%
Earnings per share (diluted)$2.63$2.14
Cash$4M$63M
Debt$3.7B$28.7B
Price to earnings19.532.4
Market value$8.3B$84.7B
Dividend yieldn/a2.89%
Rank by revenue in sector#64 of 109 · Utilities#21 of 109 · Utilities

Over the years

Revenue
KNTK FY2018: $76.8MKNTK FY2019: $135.8MKNTK FY2020: $410.2MKNTK FY2021: $662MKNTK FY2022: $1.2BKNTK FY2023: $1.3BKNTK FY2024: $1.5BKNTK FY2025: $1.8BWMB FY2018: $8.7BWMB FY2019: $8.2BWMB FY2020: $7.7BWMB FY2021: $12.8BWMB FY2022: $17.8BWMB FY2023: $12BWMB FY2024: $12.6BWMB FY2025: $14.9BFY18FY19FY20FY21FY22FY23FY24FY25
KNTK $1.8BWMB $14.9B
Net income
KNTK FY2018: -$4.4MKNTK FY2019: -$358.5MKNTK FY2020: $0KNTK FY2021: $0KNTK FY2022: $40.7MKNTK FY2023: $289.4MKNTK FY2024: $80MKNTK FY2025: $178.3MWMB FY2018: -$155MWMB FY2019: $850MWMB FY2020: $211MWMB FY2021: $1.5BWMB FY2022: $2BWMB FY2023: $3.2BWMB FY2024: $2.2BWMB FY2025: $2.6BFY18FY19FY20FY21FY22FY23FY24FY25
KNTK $178.3MWMB $2.6B
Net margin
KNTK FY2018: -5.7%KNTK FY2019: -264.0%KNTK FY2020: 0.0%KNTK FY2021: 0.0%KNTK FY2022: 3.4%KNTK FY2023: 23.0%KNTK FY2024: 5.4%KNTK FY2025: 10.1%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
KNTK 10.1%WMB 17.6%
Revenue growth
KNTK FY2019: +76.9%KNTK FY2020: +202.0%KNTK FY2021: +61.4%KNTK FY2022: +83.3%KNTK FY2023: +3.5%KNTK FY2024: +18.0%KNTK FY2025: +19.0%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
KNTK +19.0%WMB +17.9%
Free cash flow
KNTK FY2018: -$83.3MKNTK FY2019: -$266.4MKNTK FY2020: -$79.3MKNTK FY2021: $157.5MKNTK FY2022: $406.8MKNTK FY2023: $271.6MKNTK FY2024: $373.8MKNTK FY2025: $111.6MWMB FY2018: $37MWMB FY2019: $1.6BWMB FY2020: $2.3BWMB FY2021: $2.7BWMB FY2022: $2.6BWMB FY2023: $3.4BWMB FY2024: $2.4BWMB FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
KNTK $111.6MWMB $1B

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

Questions about Kinetik and Williams Companies

Which is bigger by revenue, Kinetik or Williams Companies?

Williams Companies is bigger by revenue: $14.9B in fiscal 2025, against $1.8B for Kinetik in fiscal 2025.

Which keeps more of its revenue as profit, Kinetik or Williams Companies?

Kinetik had a net margin of 10.1% in fiscal 2025; Williams Companies had 17.6% in fiscal 2025.

Which grew revenue faster, Kinetik or Williams Companies?

In their latest fiscal years revenue changed by +19.0% at Kinetik 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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