Last 48 quarters of trend data · Energy · Oil & Gas Integrated
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Chevron Corporation's quarterly P/E stands at 27.4x, up 37.8% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 19.21 | 27.41 | 21.33 | 24.69 | 20.81 | 19.90 | 14.85 | 16.09 | 13.28 | 30.82 | 12.11 | 12.29 | 11.79 |
| — | +37.8% | +43.7% | +53.4% | +56.7% | -35.4% | +22.6% | +30.9% | +12.6% | +128.7% | +94.9% | +102.1% | -6.7% | |
| P/S Ratio | 1.91 | 1.66 | 1.46 | 1.40 | 1.54 | 1.33 | 1.36 | 1.45 | 1.57 | 1.42 | 1.52 | 1.56 | 1.59 |
| — | +24.8% | +7.2% | -3.1% | -1.7% | -6.5% | -10.8% | -7.4% | -1.4% | -9.9% | +38.9% | +44.2% | +4.9% | |
| P/B Ratio | 2.22 | 1.63 | 1.44 | 1.69 | 1.95 | 1.68 | 1.69 | 1.79 | 1.80 | 1.72 | 1.90 | 1.85 | 1.93 |
| — | -2.9% | -15.3% | -5.6% | +8.2% | -2.3% | -11.0% | -3.4% | -6.7% | -20.0% | +9.0% | +1.1% | -10.2% | |
| P/FCF | 24.58 | 14.14 | 15.02 | 12.79 | 58.04 | 14.77 | 11.84 | 29.91 | 24.84 | 8.63 | 15.83 | 29.05 | 18.61 |
| — | -4.3% | +26.9% | -57.2% | +133.7% | +71.2% | -25.2% | +3.0% | +33.5% | -13.2% | +178.7% | +334.6% | +43.3% | |
| EV / EBITDA | 8.28 | 8.68 | 7.86 | 8.24 | 34.90 | 9.06 | 7.82 | 7.83 | 7.63 | 8.08 | 6.25 | 7.78 | 7.00 |
| — | -4.2% | +0.5% | +5.3% | +357.6% | +12.1% | +25.1% | +0.6% | +9.0% | +6.2% | +41.2% | +72.9% | -8.1% | |
| EV / EBIT | 13.32 | 17.08 | 13.60 | 15.51 | 13.72 | 10.99 | 10.79 | 10.70 | 9.55 | 20.17 | 9.36 | 9.66 | 8.24 |
| — | +55.3% | +26.0% | +44.9% | +43.6% | -45.5% | +15.4% | +10.8% | +15.9% | +128.8% | +94.6% | +109.4% | -9.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Chevron Corporation's operating margin was 8.5% in Q4 2025, down 0.3 pp QoQ and up 3.5 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 5.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 58.4% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.4% | 11.4% | 11.6% | 11.9% | 23.9% | 27.3% | 29.2% | 29.7% | 31.7% | 29.0% | 30.0% | 31.2% | 32.6% |
| — | -58.4% | -60.3% | -59.9% | -24.6% | -5.8% | -2.8% | -4.8% | -2.8% | +4.9% | -7.4% | -3.0% | +11.7% | |
| Operating Margin | 15.0% | 8.5% | 8.8% | 9.0% | -3.9% | 5.0% | 10.1% | 11.3% | 12.8% | 11.0% | 17.4% | 13.4% | 15.8% |
| — | +69.3% | -13.4% | -20.6% | -130.3% | -54.8% | -41.9% | -15.7% | -19.2% | -24.9% | -7.7% | -31.3% | +14.9% | |
| Net Margin | 9.1% | 6.0% | 7.3% | 5.6% | 7.4% | 6.7% | 9.2% | 8.9% | 11.8% | 4.6% | 12.6% | 12.7% | 13.5% |
| — | -9.7% | -19.9% | -37.3% | -37.5% | +45.2% | -27.0% | -29.7% | -12.3% | -60.4% | -28.9% | -28.4% | +12.5% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.2% | 1.4% | 2.1% | 1.7% | 2.3% | 2.1% | 2.8% | 2.8% | 3.4% | 1.4% | 4.0% | 3.8% | 4.1% |
| — | -30.6% | -27.0% | -39.2% | -31.9% | +51.7% | -29.5% | -26.7% | -17.1% | -65.3% | -43.9% | -51.2% | -6.0% | |
| ROA | 6.8% | 0.9% | 1.2% | 1.0% | 1.4% | 1.3% | 1.7% | 1.7% | 2.1% | 0.9% | 2.5% | 2.4% | 2.6% |
| — | -32.1% | -29.0% | -42.2% | -34.9% | +46.0% | -31.8% | -28.3% | -17.9% | -65.0% | -41.7% | -48.4% | -0.1% | |
| ROIC | 12.6% | 1.3% | 1.6% | 1.7% | -0.8% | 1.0% | 2.1% | 2.4% | 2.5% | 2.3% | 3.9% | 2.8% | 3.5% |
| — | +24.3% | -24.2% | -27.1% | -131.5% | -54.5% | -46.0% | -15.8% | -26.8% | -36.7% | -27.9% | -51.3% | +6.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Chevron Corporation's Debt/EBITDA ratio is 4.2x — elevated, raising questions about debt serviceability. The current ratio has weakened 5.8% YoY to 1.00x, tightening the short-term liquidity position. Debt/Equity has risen for 5 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.16 | 0.22 | 0.21 | 0.20 | 0.20 | 0.16 | 0.16 | 0.14 | 0.14 | 0.13 | 0.12 | 0.14 | 0.14 |
| — | +36.4% | +29.1% | +38.3% | +46.4% | +24.5% | +33.1% | +7.1% | -6.6% | -11.7% | -16.5% | -20.4% | -27.5% | |
| Debt / EBITDA | 0.52 | 4.18 | 4.15 | 3.54 | 13.03 | 3.23 | 2.81 | 2.37 | 2.17 | 2.31 | 1.55 | 2.18 | 2.04 |
| — | +29.2% | +47.6% | +49.4% | +501.0% | +39.7% | +81.3% | +8.9% | +6.1% | +14.0% | +6.5% | +37.3% | -23.5% | |
| Current Ratio | 1.06 | 1.00 | 1.15 | 1.00 | 1.08 | 1.06 | 1.07 | 1.16 | 1.23 | 1.27 | 1.25 | 1.43 | 1.43 |
| — | -5.8% | +7.8% | -13.9% | -12.1% | -16.8% | -14.8% | -19.3% | -14.2% | -13.4% | -10.2% | +9.6% | +0.0% | |
| Quick Ratio | 0.83 | 1.00 | 0.86 | 0.74 | 0.82 | 0.83 | 0.80 | 0.85 | 0.93 | 1.01 | 0.97 | 1.13 | 1.16 |
| — | +21.1% | +7.7% | -12.5% | -11.2% | -18.1% | -17.9% | -24.6% | -20.0% | -18.1% | -15.7% | +1.3% | -5.2% | |
| Interest Coverage | 48.99 | 10.73 | 11.42 | 14.50 | -8.70 | 12.14 | 30.24 | 49.47 | 50.44 | 45.06 | 79.46 | 52.63 | 67.14 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonChevron Corporation's current P/E is 19.2x. The average P/E over the last 4 quarters is 23.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Chevron Corporation's current operating margin is 15.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Chevron Corporation's business trajectory between earnings reports.