Is the business good?
How good a business is XOM?
Exxon Mobil Corporation earns 9.9% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
9.9%
Return on invested capital · cost of capital 9.0% · 0.86 points above what the capital costs: growth creates value
- Operating margin
- 11%
Operating margin · Oil & Gas Integrated median 14% · 12 months to Q1 2026
- Cash conversion
- 0.74×
Cash conversion · 0.85× a year ago · some of the reported profit has not turned into cash yet
| Year | Operating margin |
|---|---|
| FY2020 | −16% |
| FY2021 | 11% |
| FY2022 | 19% |
| FY2023 | 15% |
| FY2024 | 14% |
| FY2025 | 12% |
Details›
- Operating margin12 months to Q1 2026
- 11%
- Net margin12 months to Q1 2026
- 7.6%
- Free cash flow margin
- 5.6%
- Revenue, trailing twelve months
- $334.2B
- Free cash flow, trailing twelve months
- $18.8B
- Net income, trailing twelve months
- $25.3B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 9.9%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Oil & Gas Integrated
Ranks #12 of 13 by Smart Score