31 years of historical data (1995–2025) · Energy · Oil & Gas Exploration & Production
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Expand Energy Corporation trades at 14.3x earnings, 146% above its 5-year average of 5.8x, sitting at the 75th percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a discount of 15%. On a free-cash-flow basis, the stock trades at 14.0x P/FCF, 96% below the 5-year average of 397.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $25.7B | $27M | $15.6B | $11.0B | $13.8B | $7.6B | — | — | — | — | — |
| Enterprise Value | $25.1B | $-589472767 | $21.1B | $12.0B | $16.9B | $9.0B | — | — | — | — | — |
| P/E Ratio → | 14.26 | 14.58 | — | 4.55 | 2.83 | 1.20 | — | — | — | — | — |
| P/S Ratio | 2.12 | 0.00 | 3.70 | 1.41 | 1.20 | 1.04 | — | — | — | — | — |
| P/B Ratio | 0.00 | 0.00 | 0.89 | 1.03 | 1.51 | 1.34 | — | — | — | — | — |
| P/FCF | 13.98 | 0.01 | 1953.53 | 19.96 | 5.98 | 7.23 | — | — | — | — | — |
| P/OCF | 5.62 | 0.01 | 9.99 | 4.62 | 3.34 | 4.26 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Expand Energy Corporation's enterprise value stands at 5.0x EBITDA, 36% below its 5-year average of 7.8x. The Energy sector median is 7.3x, placing the stock at a 31% 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 | — | -0.05 | 5.01 | 1.55 | 1.47 | 1.24 | — | — | — | — | — |
| EV / EBITDA | 5.00 | -0.12 | 22.83 | 2.58 | 3.05 | 2.72 | — | — | — | — | — |
| EV / EBIT | 12.32 | -0.29 | — | 3.73 | 4.42 | 1.43 | — | — | — | — | — |
| EV / FCF | — | -0.32 | 2642.03 | 21.87 | 7.32 | 8.57 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Expand Energy Corporation earns an operating margin of 16.8%, above the Energy sector average of 13.9%. Operating margins have compressed from 40.4% to 16.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 10.1% is modest. ROIC of 7.4% represents adequate returns on invested capital versus a sector median of 6.8%.
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 | 80.4% | 80.4% | 27.0% | 64.8% | 71.3% | 33.1% | 11.9% | 4.7% | 12.5% | 11.4% | -8.3% |
| Operating Margin | 16.8% | 16.8% | -19.0% | 40.4% | 33.0% | 31.8% | -167.0% | -0.4% | 3.7% | -1.5% | -56.0% |
| Net Profit Margin | 15.0% | 15.0% | -16.9% | 31.1% | 43.1% | 86.7% | -186.8% | -3.6% | 2.2% | -5.3% | -55.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.1% | 10.1% | -5.0% | 24.4% | 66.7% | 3835.2% | — | -9.4% | 25.7% | — | -735.3% |
| ROA | 6.5% | 6.5% | -3.4% | 16.2% | 37.3% | 71.9% | -85.5% | -2.1% | 1.8% | -4.0% | -28.9% |
| ROIC | 7.4% | 7.4% | -3.5% | 19.7% | 29.4% | 101.9% | -127.5% | -0.2% | 2.9% | -1.2% | -32.0% |
| ROCE | 8.1% | 8.1% | -4.2% | 24.3% | 35.4% | 38.6% | -100.7% | -0.3% | 3.8% | -1.4% | -38.3% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $616M exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 8.7x 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 | — | — | 0.33 | 0.20 | 0.35 | 0.41 | — | 2.16 | 3.62 | — | — |
| Debt / EBITDA | — | — | 6.29 | 0.46 | 0.58 | 0.70 | — | 4.25 | 3.64 | 6.40 | — |
| Net Debt / Equity | — | -0.03 | 0.31 | 0.10 | 0.34 | 0.25 | — | 2.16 | 3.62 | — | — |
| Net Debt / EBITDA | -0.12 | -0.12 | 5.95 | 0.22 | 0.56 | 0.42 | — | 4.25 | 3.64 | 6.39 | — |
| Debt / FCF | — | -0.33 | 688.50 | 1.90 | 1.34 | 1.34 | 76.50 | — | — | — | — |
| Interest Coverage | 8.67 | 8.67 | -6.53 | 30.21 | 23.63 | 27.68 | -26.29 | -0.05 | 0.60 | -0.32 | -15.42 |
Net cash position: cash ($616M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.01x means Expand Energy Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.99x to 1.01x 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 | 1.01 | 1.01 | 0.64 | 1.99 | 1.00 | 0.86 | 0.36 | 0.52 | 0.55 | 0.65 | 0.59 |
| Quick Ratio | 1.01 | 1.01 | 0.64 | 1.99 | 1.00 | 0.86 | 0.36 | 0.52 | 0.55 | 0.65 | 0.59 |
| Cash Ratio | 0.21 | 0.21 | 0.10 | 0.82 | 0.05 | 0.37 | 0.10 | 0.06 | 0.00 | 0.00 | 0.24 |
| Asset Turnover | — | 0.43 | 0.15 | 0.54 | 0.74 | 0.66 | 0.79 | 0.52 | 0.80 | 0.76 | 0.60 |
| Inventory Turnover | 139.24 | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 48.14 | 104.46 | 27.46 | 45.10 | 53.84 | 52.26 | 42.57 | 41.74 | 43.74 | 44.70 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Expand Energy Corporation returns 100.0% to shareholders annually — split between a 100.0% dividend yield and 0.4% buyback yield. A payout ratio of 42.1% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 7.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 100.0% | 100.0% | 2.5% | 4.4% | 8.8% | 1.6% | — | — | — | — | — |
| Payout Ratio | 42.1% | 42.1% | — | 20.1% | 24.6% | 1.9% | — | — | 40.7% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.0% | 6.9% | — | 22.0% | 35.4% | 83.2% | — | — | — | — | — |
| FCF Yield | 7.2% | 6932.5% | 0.1% | 5.0% | 16.7% | 13.8% | — | — | — | — | — |
| Buyback Yield | 0.4% | 100.0% | 0.0% | 3.2% | 7.8% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 100.0% | 100.0% | 2.5% | 7.7% | 16.6% | 1.6% | — | — | — | — | — |
| Shares Outstanding | — | $240370 | $157M | $143M | $146M | $118M | $10M | $8M | $5M | $5M | $4M |
Compare EXE with 9 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| EXEYou | $26B | 14.3 | 5.0 | 14.0 | 80.4% | 16.8% | 10.1% | 7.4% | — |
| INR | $751B | 4.5 | 4486.8 | — | 52.1% | 36.2% | 10.2% | 10.1% | 1.6 |
| EQT | $38B | 16.2 | 7.5 | 13.5 | 97.4% | 40.8% | 9.0% | 7.7% | 1.3 |
| AR | $11B | 18.1 | 9.1 | 7.0 | 94.3% | 16.7% | 8.5% | 5.9% | 2.2 |
| RRC | $10B | 15.1 | 9.2 | 16.6 | — | — | 15.9% | — | 1.1 |
| CNX | $6B | 10.5 | 6.1 | 11.1 | 46.8% | 37.1% | 15.0% | 9.1% | 1.8 |
| CRK | $6B | -25.8 | 14.0 | — | -10.4% | -13.5% | -9.3% | -2.4% | 4.8 |
| GPOR | $4B | -14.2 | 52.1 | 20.0 | 57.4% | -25.5% | -13.2% | -6.6% | 8.0 |
| BKV | $3B | 16.1 | 9.8 | — | 31.7% | 17.8% | 9.6% | 5.9% | 1.5 |
| EPSN | $113M | 58.2 | 7.9 | — | 37.5% | 10.9% | 2.0% | 2.9% | 0.0 |
| Energy Median | — | 16.8 | 7.3 | 11.5 | 35.3% | 13.9% | 8.2% | 6.8% | 2.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonExpand Energy Corporation's current P/E ratio is 14.3x. The historical average is 5.8x. This places it at the 75th percentile of its historical range.
Expand Energy Corporation's current EV/EBITDA is 5.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.8x.
Expand Energy Corporation's return on equity (ROE) is 10.1%. The historical average is 28.1%.
Based on historical data, Expand Energy Corporation is trading at a P/E of 14.3x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Expand Energy Corporation's current dividend yield is 100.00% with a payout ratio of 42.1%.
Expand Energy Corporation has 80.4% gross margin and 16.8% operating margin. Operating margin between 10-20% is typical for established companies.