- Williams Brothers Co
- 2026
- 4
- 2
- 50.00%
- $433,232,982
- 5.19%
- 3.33%
- 6.96%
- $682,807,184

Williams Brothers Co enters the period with **$1.2B** in remaining backlog, anchored by two newly awarded 2026 projects totaling **$433M** at full value. Cash inflows should remain stable as these projects mobilize alongside ongoing work on the **$320M** Houston and **$189M** Beaumont contracts. Execution focus must prioritize rapid ramp-up to convert backlog into billings.
Medium-term Outlook (6-12 months)
Backlog drawdown will accelerate from the five largest active projects, which still hold **$857M** in estimated remaining value. The 50% success rate on 2026 bids positions the firm for potential replenishment, yet the zero-win 2025 cycle creates a visible gap in new awards. Revenue visibility stays solid through mid-2027 provided current contracts progress on schedule.
Key Risk Period
The 12-18 month window presents the highest exposure, as multiple 2023-2024 projects with **$1200-month** durations begin to exhaust their remaining balances totaling **$338M**. Continued zero or low win rates similar to 2025 would leave insufficient new backlog to offset completions. Margin pressure may intensify if the 5.19% average left on low from 2026 bids signals aggressive pricing.
Recommendations
Prioritize bidding volume in Q1-Q2 2027 to restore a three-year backlog runway above **$1.5B**. Implement monthly cash-flow forecasting tied to the top six projects and negotiate accelerated payments on the two largest 2026 awards. Review bonding capacity now to support larger or more frequent wins.
- Webb IH 35 0018-06-185
- TXDOT
- $221,640,502
- 08/31/26
- 957
- 6.8%
- $6,947,978
- $206,586,549
- Webb IH 35 0018-06-185
- TXDOT
- $695,529,456
- 11/04/24
- 1200
- 60.9%
- $17,388,236
- $271,836,096
- Webb IH 35 0018-06-185
- TXDOT
- $533,247,313
- 07/01/24
- 1200
- 71.4%
- $13,331,183
- $152,419,857
- Webb IH 35 0018-06-185
- TXDOT
- $376,415,384
- 02/04/24
- 1200
- 83.8%
- $9,410,385
- $61,167,500
- Webb IH 35 0018-06-185
- TXDOT
- $210,203,889
- 12/05/23
- 1200
- 88.8%
- $5,255,097
- $23,472,768
- Webb IH 35 0018-06-185
- TXDOT
- $307,243,558
- 05/02/22
- 1900
- 86.7%
- $4,851,214
- $40,911,905
- Webb IH 35 0018-06-185
- TXDOT
- $307,243,558
- 05/02/22
- 1900
- 86.7%
- $4,851,214
- $40,911,905
- Webb IH 35 0018-06-185
- TXDOT
- $202,938,414
- 11/01/21
- 2000
- 91.5%
- $3,044,076
- $17,249,765
- $65,079,383
- $814,556,345

