WDSWoodside Energy Group Ltd

$22.90

Is the business good?

How good a business is WDS?

Woodside Energy Group Ltd earns 7.3% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

7.3%

Return on invested capital · cost of capital 9.0% · 1.7 points below what the capital costs: growth destroys value

Operating margin
30%

Operating margin · Oil & Gas E&P median 30% · fiscal year to FY2025

Share count, year on year
+0.08%

Share count, year on year · flat: no meaningful dilution

Gross margin
35%

Gross margin

Operating margin by fiscal year
YearOperating margin
FY2020−144%
FY202150%
FY202255%
FY202324%
FY202434%
FY202530%
Details
Gross marginfiscal year to FY2025
35%
Operating marginfiscal year to FY2025
30%
Net marginfiscal year to FY2025
21%
Revenue, trailing twelve months
$13.0B
Net income, trailing twelve months
$2.72B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
7.3%

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