30 years of historical data (1996–2025) · Energy · Oil & Gas Integrated
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
Exxon Mobil Corporation trades at 22.2x earnings, 77% above its 5-year average of 12.5x, sitting at the 90th percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a premium of 32%. On a free-cash-flow basis, the stock trades at 26.7x P/FCF, 107% above the 5-year average of 12.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $629.6B | $518.1B | $462.3B | $405.1B | $463.8B | $261.6B | $176.1B | $298.0B | $288.9B | $356.0B | $376.4B |
| Enterprise Value | $662.5B | $550.9B | $481.0B | $415.2B | $475.4B | $302.5B | $239.3B | $341.8B | $323.7B | $395.1B | $415.5B |
| P/E Ratio → | 22.17 | 17.96 | 13.72 | 11.25 | 8.32 | 11.35 | — | 20.77 | 13.86 | 18.06 | 48.01 |
| P/S Ratio | 1.94 | 1.60 | 1.36 | 1.21 | 1.16 | 0.95 | 0.99 | 1.17 | 1.03 | 1.50 | 1.88 |
| P/B Ratio | 2.40 | 1.94 | 1.71 | 1.91 | 2.29 | 1.49 | 1.07 | 1.50 | 1.46 | 1.83 | 2.17 |
| P/FCF | 26.66 | 21.94 | 15.05 | 12.11 | 7.94 | 7.26 | — | 55.64 | 17.57 | 24.28 | 63.59 |
| P/OCF | 12.11 | 9.97 | 8.40 | 7.32 | 6.04 | 5.44 | 12.00 | 10.03 | 8.02 | 11.84 | 17.05 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Exxon Mobil Corporation's enterprise value stands at 11.1x EBITDA, 56% above its 5-year average of 7.1x. The Energy sector median is 7.9x, placing the stock at a 40% premium 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 | — | 1.70 | 1.42 | 1.24 | 1.19 | 1.09 | 1.34 | 1.34 | 1.16 | 1.67 | 2.07 |
| EV / EBITDA | 11.05 | 9.19 | 7.62 | 6.38 | 5.40 | 6.78 | 14.45 | 10.76 | 7.92 | 11.72 | 16.57 |
| EV / EBIT | 19.52 | 13.16 | 9.65 | 7.74 | 6.05 | 9.40 | — | 16.36 | 10.20 | 20.50 | 49.34 |
| EV / FCF | — | 23.33 | 15.66 | 12.41 | 8.14 | 8.39 | — | 63.83 | 19.69 | 26.95 | 70.20 |
Margins and return-on-capital ratios measuring operating efficiency
Exxon Mobil Corporation earns an operating margin of 10.5%, below the Energy sector average of 14.4%. Operating margins have compressed from 13.3% to 10.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 10.7% is modest. ROIC of 8.6% represents adequate returns on invested capital versus a sector median of 6.3%.
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 | 21.7% | 21.7% | 22.6% | 25.1% | 25.9% | 23.5% | 4.6% | 21.9% | 24.2% | 23.8% | 21.8% |
| Operating Margin | 10.5% | 10.5% | 11.7% | 13.3% | 16.1% | 8.7% | -16.5% | 5.0% | 7.9% | 5.8% | 1.4% |
| Net Profit Margin | 8.9% | 8.9% | 9.9% | 10.8% | 14.0% | 8.3% | -12.6% | 5.6% | 7.5% | 8.3% | 3.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.7% | 10.7% | 13.9% | 17.4% | 29.5% | 13.6% | -12.4% | 7.2% | 10.6% | 10.7% | 4.5% |
| ROA | 6.4% | 6.4% | 8.1% | 9.7% | 15.7% | 6.9% | -6.5% | 4.0% | 6.0% | 5.8% | 2.4% |
| ROIC | 8.6% | 8.6% | 11.6% | 15.3% | 22.3% | 8.1% | -9.4% | 4.0% | 7.1% | 4.6% | 1.0% |
| ROCE | 8.9% | 8.9% | 11.4% | 14.6% | 22.0% | 8.6% | -10.2% | 4.3% | 7.6% | 4.8% | 1.0% |
Solvency and debt-coverage ratios — lower is generally safer
Exxon Mobil Corporation carries a Debt/EBITDA ratio of 0.7x, which is very conservative (69% below the sector average of 2.4x). Net debt stands at $32.9B ($43.5B total debt minus $10.7B cash). Interest coverage of 69.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.16 | 0.16 | 0.15 | 0.20 | 0.20 | 0.27 | 0.41 | 0.24 | 0.19 | 0.22 | 0.25 |
| Debt / EBITDA | 0.73 | 0.73 | 0.66 | 0.64 | 0.47 | 1.07 | 4.08 | 1.48 | 0.92 | 1.26 | 1.71 |
| Net Debt / Equity | — | 0.12 | 0.07 | 0.05 | 0.06 | 0.23 | 0.39 | 0.22 | 0.18 | 0.20 | 0.22 |
| Net Debt / EBITDA | 0.55 | 0.55 | 0.30 | 0.15 | 0.13 | 0.92 | 3.82 | 1.38 | 0.85 | 1.16 | 1.56 |
| Debt / FCF | — | 1.39 | 0.61 | 0.30 | 0.20 | 1.13 | — | 8.19 | 2.11 | 2.67 | 6.61 |
| Interest Coverage | 69.44 | 69.44 | 50.07 | 63.17 | 98.43 | 33.98 | -23.94 | 25.16 | 41.41 | 32.07 | 18.59 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.15x means Exxon Mobil Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.79x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.48x to 1.15x 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 | 1.15 | 1.15 | 1.31 | 1.48 | 1.41 | 1.04 | 0.80 | 0.78 | 0.84 | 0.82 | 0.87 |
| Quick Ratio | 0.79 | 0.79 | 0.97 | 1.09 | 1.06 | 0.71 | 0.46 | 0.49 | 0.51 | 0.52 | 0.55 |
| Cash Ratio | 0.15 | 0.15 | 0.33 | 0.48 | 0.43 | 0.12 | 0.08 | 0.05 | 0.05 | 0.05 | 0.08 |
| Asset Turnover | — | 0.72 | 0.75 | 0.89 | 1.08 | 0.82 | 0.54 | 0.70 | 0.81 | 0.68 | 0.61 |
| Inventory Turnover | 9.64 | 9.64 | 11.16 | 9.97 | 12.10 | 11.28 | 9.04 | 10.77 | 11.16 | 10.64 | 10.41 |
| Days Sales Outstanding | — | 50.22 | 47.00 | 41.46 | 38.22 | 42.72 | 42.07 | 38.51 | 32.28 | 39.39 | 38.92 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Exxon Mobil Corporation returns 5.9% to shareholders annually — split between a 2.7% dividend yield and 3.2% buyback yield. A payout ratio of 59.7% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 4.5% (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 | 2.7% | 3.3% | 3.6% | 3.7% | 3.2% | 5.7% | 8.4% | 4.9% | 4.8% | 3.7% | 3.3% |
| Payout Ratio | 59.7% | 59.7% | 49.6% | 41.5% | 26.8% | 64.8% | — | 102.2% | 66.2% | 66.0% | 158.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.5% | 5.6% | 7.3% | 8.9% | 12.0% | 8.8% | — | 4.8% | 7.2% | 5.5% | 2.1% |
| FCF Yield | 3.8% | 4.6% | 6.6% | 8.3% | 12.6% | 13.8% | — | 1.8% | 5.7% | 4.1% | 1.6% |
| Buyback Yield | 3.2% | 3.9% | 4.2% | 4.4% | 3.3% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% |
| Total Shareholder Yield | 5.9% | 7.2% | 7.9% | 8.1% | 6.5% | 5.8% | 8.7% | 5.1% | 5.0% | 3.9% | 3.6% |
| Shares Outstanding | — | $4.3B | $4.3B | $4.1B | $4.2B | $4.3B | $4.3B | $4.3B | $4.2B | $4.3B | $4.2B |
Compare XOM 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 |
|---|---|---|---|---|---|---|---|---|---|
| $630B | 22.2 | 11.1 | 26.7 | 21.7% | 10.5% | 10.7% | 8.6% | 0.7 | |
| $369B | 27.9 | 11.0 | 22.3 | 30.4% | 9.0% | 7.1% | 6.2% | 1.3 | |
| $145B | 18.7 | 7.0 | 8.6 | 24.6% | 19.6% | 12.4% | 10.4% | 1.0 | |
| $117B | 2187.7 | 4.9 | 10.3 | 17.7% | 8.2% | 0.1% | 9.8% | 2.5 | |
| $247B | 14.5 | 7.7 | 11.3 | 16.7% | 7.3% | 10.1% | 6.3% | 2.5 | |
| $200B | 15.6 | 7.0 | 18.5 | 28.4% | 10.9% | 11.0% | 9.9% | 1.8 | |
| $72B | 14.8 | 6.1 | 18.4 | 68.1% | 35.1% | 16.8% | 19.1% | 0.7 | |
| $69B | 15.9 | 13.3 | 25.2 | 4.9% | 2.7% | 15.0% | 5.3% | 3.4 | |
| $71B | 31.3 | 10.4 | 14.1 | 4.4% | 3.5% | 8.7% | 9.5% | 1.6 | |
| $72B | 18.5 | 11.4 | 15.2 | 7.5% | 4.3% | 16.7% | 8.3% | 3.8 | |
| $55B | 34.2 | 6.7 | 13.3 | 33.8% | 17.2% | 6.7% | 4.7% | 2.1 | |
| Energy Median | — | 16.8 | 7.9 | 13.3 | 33.2% | 14.4% | 8.5% | 6.3% | 2.4 |
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Start ComparisonQuick answers to the most common questions about buying XOM stock.
Exxon Mobil Corporation's current P/E ratio is 22.2x. The historical average is 16.6x. This places it at the 90th percentile of its historical range.
Exxon Mobil Corporation's current EV/EBITDA is 11.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.0x.
Exxon Mobil Corporation's return on equity (ROE) is 10.7%. The historical average is 18.9%.
Based on historical data, Exxon Mobil Corporation is trading at a P/E of 22.2x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Exxon Mobil Corporation's current dividend yield is 2.69% with a payout ratio of 59.7%.
Exxon Mobil Corporation has 21.7% gross margin and 10.5% operating margin. Operating margin between 10-20% is typical for established companies.
Exxon Mobil Corporation's Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.