Expand Energy Corporation (EXE) Financial Ratios
31 years of historical data (1995–2025) · Energy · Oil & Gas Exploration & Production
EV/EBITDA
↑
5.12
↓-31% vs avg
5yr avg: 7.47
30Y Low2.6·High22.8
P/FCF
↑
11.58
↓-97% vs avg
5yr avg: 400.23
30Y Low6.0·High20.0
P/B Ratio
↑
1.15
-7% vs avg
5yr avg: 1.24
30Y Low0.9·High1.5
ROE
↓
10.1%
↑-99% vs avg
5yr avg: 786.3%
30Y Low-141%·High387%
Debt/EBITDA
↑
1.01
↓-44% vs avg
5yr avg: 1.81
30Y Low0.5·High11.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EXE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Expand Energy Corporation trades at 11.7x earnings, 102% 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 15.7x, the stock trades at a discount of 25%. On a free-cash-flow basis, the stock trades at 11.6x P/FCF, 97% below the 5-year average of 400.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $21.3B | $26.5B | $15.6B | $11.0B | $13.8B | $7.6B | — | — | — | — | — |
| Enterprise Value | $25.7B | $30.9B | $21.1B | $12.0B | $16.9B | $9.0B | — | — | — | — | — |
| P/E Ratio → | 11.70 | 14.58 | — | 4.55 | 2.83 | 1.20 | — | — | — | — | — |
| P/S Ratio | 1.83 | 2.28 | 3.70 | 1.41 | 1.20 | 1.04 | — | — | — | — | — |
| P/B Ratio | 1.15 | 1.43 | 0.89 | 1.03 | 1.51 | 1.34 | — | — | — | — | — |
| P/FCF | 11.58 | 14.42 | 1953.53 | 19.96 | 5.98 | 7.23 | — | — | — | — | — |
| P/OCF | 4.66 | 5.80 | 9.99 | 4.62 | 3.34 | 4.26 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
EXE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Expand Energy Corporation's enterprise value stands at 5.1x EBITDA, 31% below its 5-year average of 7.5x. The Energy sector median is 7.9x, placing the stock at a 35% 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 | — | 2.65 | 5.01 | 1.55 | 1.47 | 1.24 | — | — | — | — | — |
| EV / EBITDA | 5.12 | 6.16 | 22.83 | 2.58 | 3.05 | 2.72 | — | — | — | — | — |
| EV / EBIT | 12.60 | 15.17 | — | 3.73 | 4.42 | 1.43 | — | — | — | — | — |
| EV / FCF | — | 16.80 | 2642.03 | 21.87 | 7.32 | 8.57 | — | — | — | — | — |
EXE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Expand Energy Corporation earns an operating margin of 17.5%, above the Energy sector average of 13.9%. Operating margins have compressed from 40.4% to 17.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 10.1% is modest. ROIC of 6.6% represents adequate 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 | 46.5% | 46.5% | 27.0% | 64.8% | 71.3% | 33.1% | 11.9% | 4.7% | 12.5% | 11.4% | -8.3% |
| Operating Margin | 17.5% | 17.5% | -19.0% | 40.4% | 33.0% | 31.8% | -167.0% | -0.4% | 3.7% | -1.5% | -56.0% |
| Net Profit Margin | 15.6% | 15.6% | -16.9% | 31.1% | 43.1% | 86.7% | -186.8% | -3.6% | 2.2% | -5.3% | -55.8% |
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 | 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 | 6.6% | 6.6% | -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% |
EXE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Expand Energy Corporation carries a Debt/EBITDA ratio of 1.0x, which is manageable (61% below the sector average of 2.6x). Net debt stands at $4.4B ($5.1B total debt minus $696M cash). 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 | 0.27 | 0.27 | 0.33 | 0.20 | 0.35 | 0.41 | — | 2.16 | 3.62 | — | — |
| Debt / EBITDA | 1.01 | 1.01 | 6.29 | 0.46 | 0.58 | 0.70 | — | 4.25 | 3.64 | 6.40 | — |
| Net Debt / Equity | — | 0.23 | 0.31 | 0.10 | 0.34 | 0.25 | — | 2.16 | 3.62 | — | — |
| Net Debt / EBITDA | 0.87 | 0.87 | 5.95 | 0.22 | 0.56 | 0.42 | — | 4.25 | 3.64 | 6.39 | — |
| Debt / FCF | — | 2.37 | 688.50 | 1.90 | 1.34 | 1.34 | 76.50 | — | — | — | — |
| Interest Coverage | 8.67 | 8.67 | -5.78 | 31.06 | 23.82 | 75.07 | -28.08 | 0.02 | 1.34 | 0.56 | -15.01 |
EXE Liquidity & Efficiency
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 | 0.33 | 0.33 | 0.10 | 0.82 | 0.05 | 0.37 | 0.10 | 0.06 | 0.00 | 0.00 | 0.24 |
| Asset Turnover | — | 0.41 | 0.15 | 0.54 | 0.74 | 0.66 | 0.79 | 0.52 | 0.80 | 0.76 | 0.60 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 50.11 | 104.46 | 27.46 | 45.10 | 53.84 | 52.26 | 42.57 | 41.74 | 43.74 | 44.70 |
EXE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Expand Energy Corporation returns 4.1% to shareholders annually — split between a 3.6% dividend yield and 0.5% buyback yield. A payout ratio of 42.1% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 8.5% (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 | 3.6% | 2.9% | 2.5% | 4.4% | 8.8% | 1.6% | — | — | — | — | — |
| Payout Ratio | 42.1% | 42.1% | — | 20.1% | 24.6% | 1.9% | — | — | 40.7% | — | — |
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 | 8.5% | 6.9% | — | 22.0% | 35.4% | 83.2% | — | — | — | — | — |
| FCF Yield | 8.6% | 6.9% | 0.1% | 5.0% | 16.7% | 13.8% | — | — | — | — | — |
| Buyback Yield | 0.5% | 0.4% | 0.0% | 3.2% | 7.8% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 4.1% | 3.3% | 2.5% | 7.7% | 16.6% | 1.6% | — | — | — | — | — |
| Shares Outstanding | — | $240M | $157M | $143M | $146M | $118M | $10M | $8M | $5M | $5M | $4M |
Peer Comparison
Compare EXE 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 |
|---|---|---|---|---|---|---|---|---|---|
 EXEYou | $21B | 11.7 | 5.1 | 11.6 | 46.5% | 17.5% | 10.1% | 6.6% | 1.0 |
 AR | $11B | 17.1 | 9.9 | 8.7 | 22.1% | 16.5% | 8.5% | 5.2% | 3.2 |
 RRC | $9B | 13.3 | 8.0 | 14.5 | 34.1% | 27.9% | 15.9% | 11.4% | 1.0 |
 CNX | $5B | 8.5 | 5.3 | 9.0 | 47.2% | 36.8% | 15.0% | 9.0% | 1.8 |
 CTRA | $25B | 14.5 | 5.9 | 15.1 | 60.4% | 89.1% | 12.3% | 10.9% | 0.8 |
 EQT | $32B | 15.6 | 6.9 | 11.3 | 48.9% | 34.7% | 7.9% | 6.9% | 1.4 |
 CRK | $4B | 10.0 | 6.9 | — | 21.6% | 19.0% | 14.9% | 4.8% | 2.9 |
 GPOR | $3B | 7.5 | 4.6 | 10.5 | 70.7% | 37.9% | 23.9% | 14.8% | 1.0 |
 XOM | $568B | 20.4 | 10.0 | 24.0 | 21.7% | 10.5% | 10.7% | 8.6% | 0.7 |
 ET | $65B | 14.0 | 9.2 | 16.9 | 21.8% | 11.4% | 10.2% | 6.3% | 4.9 |
 WMB | $93B | 35.5 | 18.1 | 92.3 | 42.9% | 36.8% | 17.5% | 7.7% | 4.4 |
| Energy Median | — | 15.7 | 7.9 | 13.7 | 33.6% | 13.9% | 7.1% | 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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EXE — Frequently Asked Questions
Quick answers to the most common questions about buying EXE stock.
What is Expand Energy Corporation's P/E ratio?
Expand Energy Corporation's current P/E ratio is 11.7x. The historical average is 5.8x. This places it at the 75th percentile of its historical range.
What is Expand Energy Corporation's EV/EBITDA?
Expand Energy Corporation's current EV/EBITDA is 5.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.5x.
What is Expand Energy Corporation's ROE?
Expand Energy Corporation's return on equity (ROE) is 10.1%. The historical average is 28.1%.
Is EXE stock overvalued?
Based on historical data, Expand Energy Corporation is trading at a P/E of 11.7x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Expand Energy Corporation's dividend yield?
Expand Energy Corporation's current dividend yield is 3.59% with a payout ratio of 42.1%.
What are Expand Energy Corporation's profit margins?
Expand Energy Corporation has 46.5% gross margin and 17.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Expand Energy Corporation have?
Expand Energy Corporation's Debt/EBITDA ratio is 1.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.