XOMExxon Mobil Corporation
Is the business good?
The checks split: earnings fully cash-backed (1.8×), but margins compressing.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
A balanced mix of margins, efficiency, and leverage. ROE 11% = 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 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.
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 13% · 12 months to Q1 2026
- Cash conversion
- 1.82×
Cash conversion · 1.54× a year ago · operating cash flow covers the operating profit after tax
| 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 is operating cash flow over operating profit after tax.
Oil & Gas Integrated
Ranks #4 of 12 by RyuScore