EOGEOG Resources
Is the business good?
The checks split: earnings fully cash-backed (1.9×), but margins compressing.
Operating profit is fully backed by cash.
Profits are tracking sales roughly one-for-one, limited operating leverage either way.
Margin-driven, fat margins on slower asset turns. ROE 19% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is EOG?
EOG Resources earns 20% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 11 points above what the capital costs: growth creates value
- Operating margin
- 33%
Operating margin · Oil & Gas E&P median 25% · 12 months to Q2 2026
- Cash conversion
- 1.92×
Cash conversion · 1.89× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −3.1%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −4.9% |
| FY2021 | 33% |
| FY2022 | 39% |
| FY2023 | 40% |
| FY2024 | 34% |
| FY2025 | 28% |
Details›
- Operating margin12 months to Q2 2026
- 33%
- Net margin12 months to Q2 2026
- 25%
- Free cash flow margin
- 47%
- Revenue, trailing twelve months
- $27.0B
- Free cash flow, trailing twelve months
- $12.8B
- Net income, trailing twelve months
- $6.88B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 20%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Oil & Gas E&P
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