ConocoPhillips (COP) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Exploration & Production
EV/EBITDA
↑
6.40
+11% vs avg
5yr avg: 5.79
30Y Low1.9·High14.7
P/FCF
↓
7.83
↓-28% vs avg
5yr avg: 10.84
30Y Low5.6·High159.3
P/B Ratio
↓
2.09
↓-11% vs avg
5yr avg: 2.34
30Y Low0.6·High3.1
ROE
↓
12.4%
↑-45% vs avg
5yr avg: 22.5%
30Y Low-23%·High40%
Debt/EBITDA
↓
1.01
+12% vs avg
5yr avg: 0.90
30Y Low0.5·High4.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
COP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ConocoPhillips trades at 17.0x earnings, 41% above its 5-year average of 12.0x, sitting at the 96th percentile of its historical range. Compared to the Energy sector median P/E of 15.5x, the stock trades at a premium of 10%. On a free-cash-flow basis, the stock trades at 7.8x P/FCF, 28% below the 5-year average of 10.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $131.3B | $117.3B | $117.1B | $139.9B | $150.8B | $95.9B | $43.1B | $73.1B | $73.3B | $67.0B | $62.4B |
| Enterprise Value | $148.3B | $134.3B | $136.8B | $153.9B | $161.6B | $110.8B | $55.5B | $83.7B | $82.3B | $80.4B | $86.1B |
| P/E Ratio → | 16.97 | 14.74 | 12.70 | 12.81 | 8.10 | 11.87 | — | 10.16 | 11.72 | — | — |
| P/S Ratio | 2.24 | 2.00 | 2.14 | 2.50 | 1.92 | 2.08 | 2.30 | 2.25 | 2.02 | 2.31 | 2.61 |
| P/B Ratio | 2.09 | 1.82 | 1.81 | 2.84 | 3.14 | 2.11 | 1.44 | 2.08 | 2.29 | 2.18 | 1.77 |
| P/FCF | 7.83 | 7.00 | 14.63 | 16.05 | 8.31 | 8.21 | 495.52 | 16.35 | 11.85 | 26.96 | — |
| P/OCF | 6.63 | 5.93 | 5.82 | 7.01 | 5.33 | 5.64 | 8.98 | 6.58 | 5.67 | 9.47 | 14.18 |
P/E links to full P/E history page with 30-year chart
COP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
ConocoPhillips's enterprise value stands at 6.4x EBITDA, 11% above its 5-year average of 5.8x. The Energy sector median is 7.8x, placing the stock at a 18% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.29 | 2.51 | 2.75 | 2.06 | 2.41 | 2.96 | 2.58 | 2.26 | 2.77 | 3.60 |
| EV / EBITDA | 6.40 | 5.79 | 6.10 | 6.56 | 4.82 | 5.64 | 11.62 | 6.18 | 5.42 | 8.16 | 14.65 |
| EV / EBIT | 12.90 | 11.68 | 9.26 | 8.87 | 5.52 | 8.00 | — | 7.88 | 7.44 | — | — |
| EV / FCF | — | 8.01 | 17.09 | 17.66 | 8.90 | 9.49 | 637.80 | 18.74 | 13.32 | 32.34 | — |
COP Profitability
Margins and return-on-capital ratios measuring operating efficiency
ConocoPhillips earns an operating margin of 19.6%, above the Energy sector average of 13.8%. Operating margins have compressed from 26.8% to 19.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 12.4% is modest. ROIC of 10.4% represents solid returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.6% | 24.6% | 29.3% | 31.8% | 37.7% | 32.0% | -3.4% | 26.4% | 29.1% | 12.7% | -12.2% |
| Operating Margin | 19.6% | 19.6% | 23.4% | 26.8% | 32.6% | 26.9% | -9.8% | 21.7% | 25.1% | 8.4% | -18.3% |
| Net Profit Margin | 13.6% | 13.6% | 16.9% | 19.5% | 23.7% | 17.5% | -14.4% | 22.2% | 17.2% | -2.9% | -15.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.4% | 12.4% | 16.2% | 22.5% | 39.9% | 21.5% | -8.3% | 21.4% | 19.9% | -2.6% | -9.6% |
| ROA | 6.5% | 6.5% | 8.4% | 11.5% | 20.2% | 10.5% | -4.1% | 10.2% | 8.7% | -1.0% | -3.9% |
| ROIC | 10.4% | 10.4% | 13.0% | 18.5% | 32.3% | 18.1% | -3.1% | 12.2% | 16.1% | 3.5% | -5.4% |
| ROCE | 10.4% | 10.4% | 13.0% | 18.0% | 32.1% | 18.2% | -3.0% | 11.2% | 14.4% | 3.3% | -5.1% |
COP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
ConocoPhillips carries a Debt/EBITDA ratio of 1.0x, which is manageable (61% below the sector average of 2.6x). Net debt stands at $16.9B ($23.4B total debt minus $6.5B cash). Interest coverage of 9.3x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.36 | 0.36 | 0.39 | 0.40 | 0.36 | 0.44 | 0.51 | 0.45 | 0.47 | 0.64 | 0.77 |
| Debt / EBITDA | 1.01 | 1.01 | 1.13 | 0.84 | 0.51 | 1.02 | 3.22 | 1.17 | 0.99 | 2.00 | 4.64 |
| Net Debt / Equity | — | 0.26 | 0.30 | 0.28 | 0.22 | 0.33 | 0.41 | 0.30 | 0.28 | 0.43 | 0.67 |
| Net Debt / EBITDA | 0.73 | 0.73 | 0.88 | 0.60 | 0.32 | 0.76 | 2.59 | 0.79 | 0.60 | 1.36 | 4.03 |
| Debt / FCF | — | 1.01 | 2.47 | 1.61 | 0.59 | 1.28 | 142.28 | 2.38 | 1.46 | 5.38 | — |
| Interest Coverage | 9.32 | 9.32 | 13.34 | 16.32 | 27.76 | 12.29 | -1.97 | 9.63 | 10.17 | -0.79 | -2.31 |
COP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.30x means ConocoPhillips can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.43x to 1.30x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.30 | 1.30 | 1.29 | 1.43 | 1.46 | 1.34 | 2.25 | 2.40 | 1.79 | 1.76 | 1.25 |
| Quick Ratio | 1.14 | 1.14 | 1.14 | 1.29 | 1.36 | 1.23 | 2.06 | 2.26 | 1.66 | 1.64 | 1.10 |
| Cash Ratio | 0.58 | 0.58 | 0.50 | 0.66 | 0.72 | 0.55 | 1.46 | 1.17 | 0.83 | 0.87 | 0.57 |
| Asset Turnover | — | 0.48 | 0.44 | 0.58 | 0.84 | 0.51 | 0.30 | 0.46 | 0.52 | 0.40 | 0.27 |
| Inventory Turnover | 23.63 | 23.63 | 21.33 | 27.36 | 40.16 | 25.93 | 19.37 | 23.27 | 25.61 | 23.92 | 26.33 |
| Days Sales Outstanding | — | 36.14 | 44.75 | 35.64 | 32.92 | 52.86 | 53.57 | 38.28 | 40.81 | 54.32 | 52.16 |
COP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ConocoPhillips returns 6.8% to shareholders annually — split between a 3.0% dividend yield and 3.8% buyback yield. A payout ratio of 50.0% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 5.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.0% | 3.4% | 3.1% | 4.0% | 3.8% | 2.5% | 4.2% | 2.1% | 1.9% | 1.9% | 2.0% |
| Payout Ratio | 50.0% | 50.0% | 39.6% | 51.1% | 30.8% | 29.2% | — | 20.9% | 21.8% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.9% | 6.8% | 7.9% | 7.8% | 12.3% | 8.4% | — | 9.8% | 8.5% | — | — |
| FCF Yield | 12.8% | 14.3% | 6.8% | 6.2% | 12.0% | 12.2% | 0.2% | 6.1% | 8.4% | 3.7% | — |
| Buyback Yield | 3.8% | 4.3% | 4.7% | 3.9% | 6.1% | 3.8% | 2.1% | 4.8% | 4.1% | 4.6% | 0.2% |
| Total Shareholder Yield | 6.8% | 7.7% | 7.8% | 7.8% | 9.9% | 6.2% | 6.3% | 6.8% | 6.0% | 6.5% | 2.2% |
| Shares Outstanding | — | $1.3B | $1.2B | $1.2B | $1.3B | $1.3B | $1.1B | $1.1B | $1.2B | $1.2B | $1.2B |
Peer Comparison
Compare COP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 COPYou | $131B | 17.0 | 6.4 | 7.8 | 24.6% | 19.6% | 12.4% | 10.4% | 1.0 |
 EOG | $69B | 14.3 | 5.9 | 17.6 | 68.1% | 35.1% | 16.8% | 19.1% | 0.7 |
 DVN | $26B | 10.0 | 4.5 | 8.4 | 24.7% | 22.0% | 17.5% | 12.3% | 1.2 |
 APA | $12B | 8.3 | 3.0 | 6.6 | 37.3% | 30.8% | 21.5% | 17.8% | 0.9 |
 FANG | $52B | 32.0 | 6.6 | 9.9 | 35.2% | 32.7% | 4.0% | 6.7% | 1.5 |
 OXY | $52B | 32.2 | 6.5 | 12.6 | 33.8% | 17.2% | 6.7% | 4.7% | 2.1 |
 XOM | $584B | 20.6 | 10.3 | 24.7 | 21.7% | 10.5% | 10.7% | 8.6% | 0.7 |
 CVX | $346B | 26.2 | 10.4 | 20.9 | 30.4% | 9.0% | 7.1% | 6.2% | 1.3 |
 MUR | $5B | 47.6 | 5.3 | 12.4 | 718.5% | 110.8% | 2.0% | 3.2% | 1.7 |
 CIVI | $2B | 3.2 | 1.9 | 2.6 | 41.2% | 29.0% | 13.1% | 10.8% | 1.3 |
 PR | $15B | 14.4 | 5.4 | 27.4 | 32.7% | 29.0% | 8.5% | 7.5% | 1.1 |
| Energy Median | — | 15.5 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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COP — Frequently Asked Questions
Quick answers to the most common questions about buying COP stock.
What is ConocoPhillips's P/E ratio?
ConocoPhillips's current P/E ratio is 17.0x. The historical average is 10.6x. This places it at the 96th percentile of its historical range.
What is ConocoPhillips's EV/EBITDA?
ConocoPhillips's current EV/EBITDA is 6.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.4x.
What is ConocoPhillips's ROE?
ConocoPhillips's return on equity (ROE) is 12.4%. The historical average is 13.8%.
Is COP stock overvalued?
Based on historical data, ConocoPhillips is trading at a P/E of 17.0x. This is at the 96th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is ConocoPhillips's dividend yield?
ConocoPhillips's current dividend yield is 2.96% with a payout ratio of 50.0%.
What are ConocoPhillips's profit margins?
ConocoPhillips has 24.6% gross margin and 19.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does ConocoPhillips have?
ConocoPhillips's Debt/EBITDA ratio is 1.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.