ConocoPhillips (COP) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Exploration & Production
EV/EBITDA
↑
6.98
↑+21% vs avg
5yr avg: 5.79
30Y Low1.9·High14.7
P/FCF
↓
8.64
↓-20% vs avg
5yr avg: 10.84
30Y Low5.6·High159.3
P/B Ratio
↓
2.31
-1% 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 18.7x earnings, 55% 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 16.9x, the stock trades at a premium of 11%. On a free-cash-flow basis, the stock trades at 8.6x P/FCF, 20% 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 | $144.9B | $117.3B | $117.1B | $139.9B | $150.8B | $95.9B | $43.1B | $73.1B | $73.3B | $67.0B | $62.4B |
| Enterprise Value | $161.9B | $134.3B | $136.8B | $153.9B | $161.6B | $110.8B | $55.5B | $83.7B | $82.3B | $80.4B | $86.1B |
| P/E Ratio → | 18.72 | 14.74 | 12.70 | 12.81 | 8.10 | 11.87 | — | 10.16 | 11.72 | — | — |
| P/S Ratio | 2.47 | 2.00 | 2.14 | 2.50 | 1.92 | 2.08 | 2.30 | 2.25 | 2.02 | 2.31 | 2.61 |
| P/B Ratio | 2.31 | 1.82 | 1.81 | 2.84 | 3.14 | 2.11 | 1.44 | 2.08 | 2.29 | 2.18 | 1.77 |
| P/FCF | 8.64 | 7.00 | 14.63 | 16.05 | 8.31 | 8.21 | 495.52 | 16.35 | 11.85 | 26.96 | — |
| P/OCF | 7.32 | 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 7.0x EBITDA, 21% above its 5-year average of 5.8x. The Energy sector median is 8.1x, placing the stock at a 14% 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 | 6.98 | 5.79 | 6.10 | 6.56 | 4.82 | 5.64 | 11.62 | 6.18 | 5.42 | 8.16 | 14.65 |
| EV / EBIT | 14.08 | 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 14.5%. 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 6.4%.
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 (58% below the sector average of 2.4x). 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 6.1% to shareholders annually — split between a 2.7% dividend yield and 3.5% buyback yield. A payout ratio of 50.0% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 5.3% (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 | 2.7% | 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 | 5.3% | 6.8% | 7.9% | 7.8% | 12.3% | 8.4% | — | 9.8% | 8.5% | — | — |
| FCF Yield | 11.6% | 14.3% | 6.8% | 6.2% | 12.0% | 12.2% | 0.2% | 6.1% | 8.4% | 3.7% | — |
| Buyback Yield | 3.5% | 4.3% | 4.7% | 3.9% | 6.1% | 3.8% | 2.1% | 4.8% | 4.1% | 4.6% | 0.2% |
| Total Shareholder Yield | 6.1% | 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 | $145B | 18.7 | 7.0 | 8.6 | 24.6% | 19.6% | 12.4% | 10.4% | 1.0 |
 EOG | $72B | 14.8 | 6.1 | 18.4 | 68.1% | 35.1% | 16.8% | 19.1% | 0.7 |
 DVN | $29B | 11.1 | 4.9 | 9.3 | 24.7% | 22.0% | 17.5% | 12.3% | 1.2 |
 APA | $14B | 9.6 | 3.4 | 7.6 | 37.3% | 30.8% | 21.5% | 17.8% | 0.9 |
 FANG | $55B | 34.0 | 7.0 | 10.5 | 35.2% | 32.7% | 4.0% | 6.7% | 1.5 |
 OXY | $55B | 34.2 | 6.7 | 13.3 | 33.8% | 17.2% | 6.7% | 4.7% | 2.1 |
 XOM | $630B | 22.2 | 11.1 | 26.7 | 21.7% | 10.5% | 10.7% | 8.6% | 0.7 |
 CVX | $369B | 27.9 | 11.0 | 22.3 | 30.4% | 9.0% | 7.1% | 6.2% | 1.3 |
 MUR | $6B | 54.1 | 5.8 | 14.1 | 71.9% | 11.1% | 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 | $18B | 16.6 | 6.0 | 31.5 | 32.7% | 29.0% | 8.5% | 7.5% | 1.1 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Full COP Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See COP's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs COP Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare COP vs EOG
Side-by-side business, growth, and profitability comparison vs EOG Resources, Inc..
Start ComparisonCOP — 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 18.7x. 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 7.0x. 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 18.7x. 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 2.68% 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.