Kosmos Energy Ltd. (KOS) 10-Year Financial Performance & Capital Metrics

KOS • • Industrial / General

EnergyOil & Gas E&PInternational E&PGlobal Offshore Operators

AboutKosmos Energy Ltd., a deep-water independent oil and gas exploration and production company, focuses along the Atlantic Margins. The company's primary assets include production offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a proven basin exploration program. The company was founded in 2003 and is headquartered in Dallas, Texas.Show more

Revenue $1.68B -1.5%
EBITDA $937M -20.2%
Net Income $190M -11.1%
EPS (Diluted) 0.40 -9.1%
Gross Margin 41.07% -19.4%
EBITDA Margin 55.91% -18.9%
Operating Margin 28.12% -33.4%
Net Margin 11.33% -9.7%
ROE 17.01% -27.5%
ROIC 9.81% -44.0%
Debt/Equity 2.30 -0.7%
Interest Coverage 5.95 -13.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 25.0%
✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.5x book value

✗Weaknesses

✗High debt to equity ratio of 2.3x
✗Negative free cash flow
✗Weak momentum: RS Rating 8 (bottom 8%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.95%

5Y2.24%

3Y7.94%

TTM-22.07%

Profit (Net Income) CAGR

10Y-3.79%

5Y-

3Y-

TTM-250.94%

EPS CAGR

10Y-5.71%

5Y-

3Y-

TTM-254.55%

ROCE

10Y Avg7.41%

5Y Avg15.72%

3Y Avg17.93%

Latest10.36%

Peer Comparison

Global Offshore Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OXYOccidental Petroleum Corporation	42.67B	43.31	17.72	-4.35%	7.72%	5.62%	10.36%	0.79
COPConocoPhillips	119.2B	96.46	12.35	-2.72%	14.67%	13.6%	6.72%	0.39
MURMurphy Oil Corporation	4.75B	33.27	12.32	-12.48%	5.2%	2.72%	17.28%	0.39
APAAPA Corporation	9.12B	25.72	11.28	17.61%	15.65%	21.99%	8.43%	0.97
WDSWoodside Energy Group Ltd	30.08B	15.82	8.46	-5.82%	18.25%	12.49%	3.14%	0.32
EGYVAALCO Energy, Inc.	406.61M	3.90	6.96	5.26%	6.84%	5.71%	2.64%	0.20
KOSKosmos Energy Ltd.	593.13M	1.24	3.10	-1.54%	-23.66%	-36.63%		2.30
WTIW&T Offshore, Inc.	278.21M	1.87	-3.17	-1.39%	-29.25%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	446.7M	310.38M	578.14M	886.67M	1.5B	804.03M	1.33B	2.25B	1.7B	1.68B
Revenue Growth %	-0.48%	-0.31%	0.86%	0.53%	0.69%	-0.46%	0.66%	0.69%	-0.24%	-0.02%
Cost of Goods Sold+	261.3M	259.77M	382.05M	554.56M	378.36M	824.34M	813.23M	907.55M	835.02M	987.29M
COGS % of Revenue	0.58%	0.84%	0.66%	0.63%	0.25%	1.03%	0.61%	0.4%	0.49%	0.59%
Gross Profit+	185.39M	50.61M	196.09M	332.1M	1.12B	-20.31M	518.79M	1.34B	866.58M	688.07M
Gross Margin %	0.42%	0.16%	0.34%	0.37%	0.75%	-0.03%	0.39%	0.6%	0.51%	0.41%
Gross Profit Growth %	-0.67%	-0.73%	2.87%	0.69%	2.38%	-1.02%	26.55%	1.58%	-0.35%	-0.21%
Operating Expenses+	293.01M	304.86M	284.35M	408.3M	290.96M	-20.31M	163.26M	231.81M	147.84M	216.89M
OpEx % of Revenue	0.66%	0.98%	0.49%	0.46%	0.19%	-0.03%	0.12%	0.1%	0.09%	0.13%
Selling, General & Admin	136.81M	102.58M	68.3M	106.81M	290.96M	85.3M	91.53M	100.86M	99.53M	100.16M
SG&A % of Revenue	0.31%	0.33%	0.12%	0.12%	0.19%	0.11%	0.07%	0.04%	0.06%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-5.04M	51.86M	53.41M	14.54M	0	-105.61M	71.73M	130.95M	48.31M	116.74M
Operating Income+	-107.62M	-254.26M	-87.45M	-76.2M	830.06M	0	355.52M	1.11B	718.74M	471.18M
Operating Margin %	-0.24%	-0.82%	-0.15%	-0.09%	0.55%	-	0.27%	0.49%	0.42%	0.28%
Operating Income Growth %	-1.33%	-1.36%	0.66%	0.13%	11.89%	-1%	-	2.11%	-0.35%	-0.34%
EBITDA+	58.67M	-113.85M	167.76M	253.64M	1.39B	180.73M	833.33M	1.61B	1.17B	936.66M
EBITDA Margin %	0.13%	-0.37%	0.29%	0.29%	0.93%	0.22%	0.63%	0.72%	0.69%	0.56%
EBITDA Growth %	-0.89%	-2.94%	2.47%	0.51%	4.5%	-0.87%	3.61%	0.94%	-0.27%	-0.2%
D&A (Non-Cash Add-back)	166.29M	140.4M	255.2M	329.83M	563.86M	495.21M	477.8M	508.66M	454.85M	465.48M
EBIT	113M	-249.54M	-95.77M	40.07M	177.88M	-314.48M	68.44M	460.19M	475.67M	428.94M
Net Interest Income+	-37.35M	-43.07M	-72.41M	-96.85M	-124.91M	-101.82M	-98.17M	-107.67M	-84.48M	-54.72M
Interest Income	844K	1.95M	3.42M	3.46M	3.69M	4.77M	13.66M	15.46M	19.46M	24.41M
Interest Expense	38.19M	45.02M	75.83M	101.18M	128.61M	106.59M	111.82M	123.12M	103.94M	79.13M
Other Income/Expense	36.91M	-40.31M	-100.86M	25.34M	-804.94M	-416.8M	-398.9M	-768.92M	-347M	-121.36M
Pretax Income+	85.44M	-294.56M	-177.85M	-50.86M	25.12M	-416.8M	-43.38M	337.07M	371.74M	349.81M
Pretax Margin %	0.19%	-0.95%	-0.31%	-0.06%	0.02%	-0.52%	-0.03%	0.15%	0.22%	0.21%
Income Tax+	155.27M	-10.78M	44.94M	43.13M	80.89M	-5.21M	34.46M	110.52M	158.22M	159.96M
Effective Tax Rate %	-0.82%	0.96%	1.25%	1.85%	-2.22%	0.99%	1.79%	0.67%	0.57%	0.54%
Net Income+	-69.84M	-283.78M	-222.79M	-93.99M	-55.78M	-411.59M	-77.84M	226.55M	213.52M	189.85M
Net Margin %	-0.16%	-0.91%	-0.39%	-0.11%	-0.04%	-0.51%	-0.06%	0.1%	0.13%	0.11%
Net Income Growth %	-1.25%	-3.06%	0.21%	0.58%	0.41%	-6.38%	0.81%	3.91%	-0.06%	-0.11%
Net Income (Continuing)	-69.84M	-283.78M	-222.79M	-93.99M	-55.78M	-411.59M	-77.84M	226.55M	213.52M	189.85M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.18	-0.74	-0.57	-0.23	-0.14	-1.02	-0.19	0.48	0.44	0.40
EPS Growth %	-1.25%	-3.11%	0.23%	0.6%	0.39%	-6.29%	0.81%	3.53%	-0.08%	-0.09%
EPS (Basic)	-0.18	-0.74	-0.57	-0.23	-0.14	-1.02	-0.19	0.50	0.46	0.40
Diluted Shares Outstanding	382.61M	385.4M	388.38M	404.58M	401.37M	405.21M	416.94M	474.86M	481.07M	476.69M
Basic Shares Outstanding	382.61M	383.49M	388.38M	404.58M	401.37M	405.21M	416.94M	455.35M	459.64M	470.84M
Dividend Payout Ratio	-	-	-	-	-	-	-	0%	0%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	734.15M	475.19M	533.6M	509.7M	566.56M	400.29M	541.95M	468.72M	422.71M	446.13M
Cash & Short-Term Investments	275M	194.06M	233.41M	173.51M	224.5M	149.03M	131.62M	183.41M	95.34M	84.97M
Cash Only	275M	194.06M	233.41M	173.51M	224.5M	149.03M	131.62M	183.41M	95.34M	84.97M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	138.03M	143.34M	160.96M	140.01M	174.29M	78.81M	177.53M	119.73M	120.73M	164.96M
Days Sales Outstanding	112.79	168.56	101.62	57.63	42.43	35.78	48.65	19.46	25.9	35.94
Inventory	85.17M	74.38M	71.86M	84.83M	114.41M	128.97M	165.25M	133.51M	152.05M	170.87M
Days Inventory Outstanding	118.97	104.51	68.65	55.83	110.37	57.11	74.17	53.7	66.46	63.17
Other Current Assets	211.17M	56.2M	58.06M	43.31M	17.16M	15.61M	48.66M	32.07M	54.58M	25.33M
Total Non-Current Assets+	2.47B	2.87B	2.66B	3.58B	3.75B	3.47B	4.4B	4.11B	4.52B	4.86B
Property, Plant & Equipment	2.32B	2.71B	2.32B	3.46B	3.64B	3.32B	4.18B	3.84B	4.16B	4.44B
Fixed Asset Turnover	0.19x	0.11x	0.25x	0.26x	0.41x	0.24x	0.32x	0.58x	0.41x	0.38x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	104.87M	104.1M	236.51M	51.9M	0	0	0	0	0	386.28M
Other Non-Current Assets	112.85M	119.56M	341.17M	118.79M	75.56M	146.39M	214.71M	268.62M	352.16M	27.64M
Total Assets+	3.2B	3.34B	3.19B	4.09B	4.32B	3.87B	4.94B	4.58B	4.94B	5.31B
Asset Turnover	0.14x	0.09x	0.18x	0.22x	0.35x	0.21x	0.27x	0.49x	0.34x	0.32x
Asset Growth %	0.08%	0.04%	-0.04%	0.28%	0.06%	-0.1%	0.28%	-0.07%	0.08%	0.08%
Total Current Liabilities+	456.74M	370.02M	428.73M	384.31M	539.1M	460.2M	530.95M	574.25M	554.83M	594.95M
Accounts Payable	295.69M	220.63M	141.79M	176.54M	149.48M	221.43M	184.4M	212.28M	248.91M	349.99M
Days Payables Outstanding	413.03	310	135.46	116.19	144.21	98.04	82.77	85.37	108.8	129.39
Short-Term Debt	1.16M	529K	0	0	0	0	30M	30M	0	0
Deferred Revenue (Current)	-1000K	-529K	0	0	0	0	0	0	0	0
Other Current Liabilities	6.48M	23.66M	88.22M	52.57M	18.28M	60.24M	88.4M	14.95M	7.28M	-253K
Current Ratio	1.61x	1.28x	1.24x	1.33x	1.05x	0.87x	1.02x	0.82x	0.76x	0.75x
Quick Ratio	1.42x	1.08x	1.08x	1.11x	0.84x	0.59x	0.71x	0.58x	0.49x	0.46x
Cash Conversion Cycle	-181.27	-36.93	34.82	-2.73	8.6	-5.16	40.05	-12.21	-16.44	-30.28
Total Non-Current Liabilities+	1.42B	1.89B	1.87B	2.76B	2.94B	2.97B	3.88B	3.22B	3.35B	3.51B
Long-Term Debt	860.88M	1.32B	1.28B	2.12B	2.01B	2.1B	2.59B	2.2B	2.39B	2.74B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	12.74M
Deferred Tax Liabilities	502.19M	482.22M	476.55M	477.18M	653.22M	573.62M	711.04M	468.44M	363.92M	313.43M
Other Non-Current Liabilities	57.73M	86.15M	107.42M	164.68M	275.11M	289.72M	578.93M	553.53M	596.13M	442.73M
Total Liabilities	1.88B	2.26B	2.3B	3.15B	3.48B	3.43B	4.41B	3.79B	3.91B	4.11B
Total Debt+	860.88M	1.32B	1.28B	2.12B	2.01B	2.1B	2.62B	2.23B	2.39B	2.76B
Net Debt	585.87M	1.13B	1.05B	1.95B	1.78B	1.95B	2.49B	2.04B	2.3B	2.68B
Debt / Equity	0.65x	1.22x	1.43x	2.25x	2.39x	4.78x	4.95x	2.83x	2.32x	2.30x
Debt / EBITDA	14.67x	-	7.65x	8.36x	1.44x	11.64x	3.14x	1.38x	2.04x	2.95x
Net Debt / EBITDA	9.99x	-	6.26x	7.68x	1.28x	10.82x	2.99x	1.26x	1.96x	2.86x
Interest Coverage	-2.82x	-5.65x	-1.15x	-0.75x	6.45x	-	3.18x	8.98x	6.92x	5.95x
Total Equity+	1.33B	1.08B	897.11M	941.48M	841.7M	440.15M	529.24M	787.85M	1.03B	1.2B
Equity Growth %	-0.01%	-0.18%	-0.17%	0.05%	-0.11%	-0.48%	0.2%	0.49%	0.31%	0.16%
Book Value per Share	3.46	2.81	2.31	2.33	2.10	1.09	1.27	1.66	2.15	2.52
Total Shareholders' Equity	1.33B	1.08B	897.11M	941.48M	841.7M	440.15M	529.24M	787.85M	1.03B	1.2B
Common Stock	3.94M	3.96M	3.99M	4.43M	4.46M	4.5M	4.96M	5M	5.04M	5.16M
Retained Earnings	-564.69M	-850.41M	-1.07B	-1.17B	-1.22B	-1.63B	-1.71B	-1.49B	-1.27B	-1.08B
Treasury Stock	-46.93M	-47.6M	-48.2M	-237.01M	-237.01M	-237.01M	-237.01M	-237.01M	-237.01M	-237.01M
Accumulated OCI	-884.64M	-1.02B	-1.27B	-1.59B	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	440.78M	52.08M	236.62M	260.49M	628.15M	196.15M	374.34M	1.13B	765.17M	678.25M
Operating CF Margin %	0.99%	0.17%	0.41%	0.29%	0.42%	0.24%	0.28%	0.5%	0.45%	0.4%
Operating CF Growth %	-0.01%	-0.88%	3.54%	0.1%	1.41%	-0.69%	0.91%	2.02%	-0.32%	-0.11%
Net Income	-69.84M	-283.78M	-222.79M	-93.99M	-55.78M	-411.59M	-77.84M	226.55M	213.52M	189.85M
Depreciation & Amortization	166.29M	150.61M	265.41M	339.21M	573.12M	495.21M	773.57M	508.66M	444.93M	502.68M
Stock-Based Compensation	75.06M	40.08M	39.91M	35.23M	32.37M	32.71M	31.65M	34.55M	42.69M	37.95M
Deferred Taxes	110.79M	-23.56M	9.51M	9.14M	0	0	-69.17M	-197.49M	-107.56M	-52.17M
Other Non-Cash Items	92.08M	254.89M	153.12M	-45.23M	-27.16M	144.99M	-216.49M	407.53M	237.54M	43.82M
Working Capital Changes	66.4M	-86.16M	-8.53M	16.12M	105.6M	-65.18M	-67.38M	150.68M	-65.95M	-43.88M
Change in Receivables	-292.44M	-111.73M	-20.62M	-125.56M	-29.73M	92.09M	-34.25M	68.83M	-966.88M	-63.33M
Change in Inventory	-29.86M	-4.11M	1.65M	8.85M	-28.97M	-23.17M	-14.58M	10.34M	-45.67M	4.99M
Change in Payables	111.29M	-75.49M	-94.43M	7.44M	0	0	-33.36M	3.72M	-4.06M	14.46M
Cash from Investing+	-800.24M	-537.76M	-152.56M	-985.14M	-363.93M	-345.59M	-973.38M	-703.86M	-994.85M	-966.06M
Capital Expenditures	-825.13M	-537.97M	-143.35M	-1.18B	-352.01M	-379.59M	-938M	-809.38M	-932.6M	-933.66M
CapEx % of Revenue	1.85%	1.73%	0.25%	1.33%	0.23%	0.47%	0.7%	0.36%	0.55%	0.56%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	24.89M	210K	222.07M	13.7M	-11.92M	34.01M	-41.73M	-63.18M	-62.25M	-32.4M
Cash from Financing+	79.63M	448.02M	-52.26M	605.28M	-220.49M	69.86M	624.16M	-414.7M	141.62M	274.32M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	-72.6M	-19.27M	-512K	-655K	-166K	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-9.03M	0	-67K	-38.67M	-2.44M	-5.92M	-25.7M	-9.04M	-13.21M	-86.45M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-384.35M	-485.9M	93.26M	-923.01M	276.14M	-183.45M	-563.65M	321.1M	-167.43M	-255.41M
FCF Margin %	-0.86%	-1.57%	0.16%	-1.04%	0.18%	-0.23%	-0.42%	0.14%	-0.1%	-0.15%
FCF Growth %	-24.06%	-0.26%	1.19%	-10.9%	1.3%	-1.66%	-2.07%	1.57%	-1.52%	-0.53%
FCF per Share	-1.00	-1.26	0.24	-2.28	0.69	-0.45	-1.35	0.68	-0.35	-0.54
FCF Conversion (FCF/Net Income)	-6.31x	-0.18x	-1.06x	-2.77x	-11.26x	-0.48x	-4.81x	4.99x	3.58x	3.57x
Interest Paid	33.31M	27.86M	55.38M	83.83M	99.93M	103.67M	91.03M	85.79M	74.64M	0
Taxes Paid	35.86M	14M	48.81M	45.98M	0	0	137.42M	247.89M	281.87M	281M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-5.24%	-23.58%	-22.52%	-10.22%	-6.26%	-64.22%	-16.06%	34.4%	23.46%	17.01%
Return on Invested Capital (ROIC)	-4.63%	-9.26%	-3.16%	-2.36%	22.58%	-	9.85%	28.37%	17.51%	9.81%
Gross Margin	41.5%	16.3%	33.92%	37.46%	74.77%	-2.53%	38.95%	59.58%	50.93%	41.07%
Net Margin	-15.63%	-91.43%	-38.54%	-10.6%	-3.72%	-51.19%	-5.84%	10.09%	12.55%	11.33%
Debt / Equity	0.65x	1.22x	1.43x	2.25x	2.39x	4.78x	4.95x	2.83x	2.32x	2.30x
Interest Coverage	-2.82x	-5.65x	-1.15x	-0.75x	6.45x	-	3.18x	8.98x	6.92x	5.95x
FCF Conversion	-6.31x	-0.18x	-1.06x	-2.77x	-11.26x	-0.48x	-4.81x	4.99x	3.58x	3.57x
Revenue Growth	-47.81%	-30.52%	86.27%	53.37%	69.1%	-46.38%	65.67%	68.57%	-24.22%	-1.54%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Ghana	-	738.91M	366.52M	644.24M	1.35B	1.06B	1.04B
Ghana Growth	-	-	-50.40%	75.77%	109.77%	-21.38%	-1.68%
U.S. Gulf Of Mexico	-	461.15M	285.38M	428.54M	550.49M	374.96M	373.02M
U.S. Gulf Of Mexico Growth	-	-	-38.12%	50.16%	28.46%	-31.89%	-0.52%
Equatorial Guinea	-	300.55M	152.5M	260.52M	350.13M	267.5M	260.68M
Equatorial Guinea Growth	-	-	-49.26%	70.83%	34.40%	-23.60%	-2.55%
Oil and Gas	886.67M	-	-	-	-	-	-
Oil and Gas Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Kosmos Energy Ltd. (KOS) has a price-to-earnings (P/E) ratio of 3.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Kosmos Energy Ltd. (KOS) reported $1.39B in revenue for fiscal year 2024. This represents a 108% increase from $667.7M in 2011.

Kosmos Energy Ltd. (KOS) saw revenue decline by 1.5% over the past year.

Kosmos Energy Ltd. (KOS) reported a net loss of $329.2M for fiscal year 2024.

Dividend & Returns

Kosmos Energy Ltd. (KOS) has a return on equity (ROE) of 17.0%. This is reasonable for most industries.

Kosmos Energy Ltd. (KOS) had negative free cash flow of $59.7M in fiscal year 2024, likely due to heavy capital investments.

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