SOCSable Offshore Corp.

$4.63

Is the business good?

How good a business is SOC?

Sable Offshore Corp. earns −28% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

−28%

Return on invested capital · cost of capital 9.0% · 37 points below what the capital costs: growth destroys value

Operating margin
−36762%

Operating margin · Oil & Gas Drilling median 5.0% · 12 months to Q1 2026

Share count, year on year
+70%

Share count, year on year · shareholders own a smaller slice than a year ago

Details
Operating margin12 months to Q1 2026
−36762%
Net margin12 months to Q1 2026
−39154%
Free cash flow margin
−59903%
Revenue, trailing twelve months
$1.3M
Free cash flow, trailing twelve months
−$761M
Net income, trailing twelve months
−$498M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
−28%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.