Returning more cash than it generates. Paid out $106.5B vs $87.8B of free cash flow over the 3 fiscal years to 2025.
ExxonMobil returned $106.5B to shareholders over three years, 121% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Investment surge. Capital spending 8.5% of revenue, up from 4.4% in 2022.
ExxonMobil is spending 8.5% of revenue on facilities and equipment, up from 4.4% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.
Profit is backed by cash. Free cash flow is 93% of reported profit.
ExxonMobil's free cash flow is 93% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Steadier share price. Beta 0.17: tends to move less than the market.
ExxonMobil's shares have swung less with the market than most peers' (beta 0.17, below the market's 1.0).
Why it changed since the Sep 30, 2026 close: Score 60 → 59
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 1, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Why it changed since the Sep 30, 2026 close: Score 63 → 64
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 1, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Return on invested capital, operating margin, and return on assets.
Operating margin15.9%
Yahoo Finance fallback · SEC operating income not reported in standard form · trailing 12 monthsReported value33% base weight · Z-score 0.41Sector median: 0.1199 · MAD: 0.0944
Return on assets7.1%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.86Sector median: 0.0445 · MAD: 0.0302
Return on invested capital15.5%
Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score 0.99Sector median: 0.0917 · MAD: 0.0645
Other data (not scored)
Gross margin29.8%
Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3310 · MAD: 0.1935
Return on equity12.6%
SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.1012 · MAD: 0.0739
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 3, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
334.2B USD
368.8B USD
+10.3%
Net income (12 months)
25.3B USD
32.8B USD
+29.4%
Free cash flow (12 months)
18.8B USD
30.6B USD
+62.6%
Debt
47.7B USD
42.4B USD
−11.1%
Cash
8.4B USD
10.6B USD
+25.5%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Energy · 117 companies
Valuations in Energy are above their usual range since 2016.
71% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +37% and earnings +10% (medians): prices rose faster than earnings.
Median price-to-sales is −30% vs the whole market, against a usual −35%.
2016Shaded: most expensive fifth of its range2026
Shown for Energy: too few Oil & Gas Integrated companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Operating margin
10.1%
—
—
—
—
—
Net margin
8.1%
13.5%
10.5%
9.6%
8.7%
▼ 1.0 pts
Return on assets (ROA)
6.8%
15.1%
9.6%
7.4%
6.4%
▼ 1.0 pts
Return on equity (ROE)
13.7%
28.6%
17.6%
12.8%
11.1%
▼ 1.7 pts
Free cash flow margin
12.6%
14.1%
9.7%
8.8%
7.1%
▼ 1.7 pts
Current ratio
1.04×
1.41×
1.48×
1.31×
1.15×
▼ 12%
Debt to equity
0.28×
0.21×
0.20×
0.16×
0.17×
▲ 6.1%
Interest coverage
30.56×
—
—
—
—
—
XOM price history
Price history is added with the daily price update and will appear after the next one.