Explain this page
Arphra AIPlain-English read on Exxon Mobil Corporation’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +23.45% | +25.85% | +25.14% | +22.62% | +21.68% | +23.02% | +22.52% | +22.92% | +22.65% |
| Operating margin | +8.68% | +16.06% | +13.28% | +11.69% | +10.48% | +11.55% | +11.73% | +11.91% | +11.83% |
| EBITDA margin | +19.08% | +25.73% | +22.19% | +21.61% | +20.95% | +21.82% | +21.32% | +21.36% | +21.81% |
| EBIT margin | +11.63% | +19.70% | +16.02% | +14.70% | +12.93% | +14.78% | +14.64% | +14.90% | +14.91% |
| Pre-tax margin | +11.29% | +19.50% | +15.77% | +14.41% | +12.74% | +13.89% | +14.01% | +14.70% | +14.01% |
| Net margin | +8.33% | +13.98% | +10.76% | +9.93% | +8.91% | +10.02% | +9.58% | +9.78% | +9.97% |
| Cost structure | |||||||||
| Cost of revenue / sales | +76.55% | +74.15% | +74.86% | +77.38% | +78.32% | +75.96% | +77.49% | +76.92% | +78.14% |
| R&D intensity | +0.30% | +0.21% | +0.26% | +0.29% | +0.37% | +0.31% | +0.32% | +0.30% | +0.31% |
| SG&A intensity | +3.96% | +2.53% | +3.25% | +2.94% | +3.44% | +3.27% | +3.15% | +3.18% | +3.26% |
| Effective tax rate | +24.45% | +25.95% | +29.23% | +28.26% | +27.88% | +29.87% | +29.06% | +26.97% | +28.61% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +13.11% | +27.53% | +16.94% | +12.45% | +10.82% | +13.18% | +13.12% | +13.02% | +13.34% |
| Return on assets (ROA) | +6.80% | +15.10% | +9.57% | +7.43% | +6.42% | +7.98% | +7.27% | +7.41% | +7.60% |
| Return on capital (ROC) | +10.75% | +26.28% | +17.50% | +12.70% | +10.94% | +13.06% | +13.62% | +13.57% | +13.49% |
| Return on invested capital (ROIC) | +10.31% | +22.88% | +14.17% | +10.78% | +9.30% | +11.33% | +11.12% | +11.14% | +11.37% |
| Asset turnover | +81.64% | +108.02% | +88.94% | +74.81% | +72.14% | +79.64% | +75.89% | +75.75% | +76.21% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +8.33% | +13.98% | +10.76% | +9.93% | +8.91% | +10.02% | +9.58% | +9.78% | +9.97% |
| Asset turnover (× revenue / assets) | +81.64% | +108.02% | +88.94% | +74.81% | +72.14% | +79.64% | +75.89% | +75.75% | +76.21% |
| Equity multiplier (× assets / equity) | +192.92% | +182.28% | +177.06% | +167.58% | +168.39% | +165.11% | +180.38% | +175.76% | +175.54% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.82 | 1.08 | 0.89 | 0.75 | 0.72 | 0.80 | 0.76 | 0.76 | 0.76 |
| Fixed-asset turnover | 1.28 | 1.95 | 1.56 | 1.15 | 1.08 | — | — | — | — |
| Inventory turnover | 11.28 | 12.10 | 9.97 | 11.16 | 9.64 | — | — | — | — |
| Receivables turnover | 8.54 | 9.55 | 8.80 | 7.77 | 7.27 | — | — | — | — |
| Payables turnover | 7.96 | 8.91 | 8.02 | 7.26 | 4.16 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 42.72 | 38.22 | 41.46 | 47.00 | 50.22 | — | — | — | — |
| Days inventory outstanding (DIO) | 32.36 | 30.17 | 36.59 | 32.71 | 37.85 | — | — | — | — |
| Days payables outstanding (DPO) | 45.88 | 40.96 | 45.52 | 50.26 | 87.64 | — | — | — | — |
| Cash conversion cycle | 29.20 | 27.44 | 32.53 | 29.45 | 0.42 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 2.09 | 1.38 | 1.54 | 1.63 | 1.80 | 1.61 | 1.72 | 1.69 | 1.63 |
| FCF / Net income | 1.56 | 1.05 | 0.93 | 0.91 | 0.82 | 0.89 | 0.93 | 0.89 | 0.86 |
| FCF margin | +13.03% | +14.65% | +9.99% | +9.05% | +7.29% | +8.89% | +8.95% | +8.71% | +8.58% |
| OCF margin | +17.39% | +19.26% | +16.54% | +16.22% | +16.04% | +16.15% | +16.45% | +16.48% | +16.22% |
| CapEx / Revenue | +4.36% | +4.62% | +6.55% | +7.16% | +8.76% | +7.64% | +7.28% | +7.49% | +7.60% |
| CapEx / D&A | 0.59 | 0.77 | 1.06 | 1.04 | 1.09 | — | — | — | — |
| Stock-based comp / Revenue | +0.22% | +0.16% | +0.18% | 0.00% | 0.00% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 5.39 | 13.26 | 8.89 | 7.84 | 6.70 | 10.91 | 10.40 | 10.92 | 12.33 |
| EPS · basic | 5.39 | 13.26 | 8.89 | 7.84 | 6.66 | 10.97 | 10.32 | 10.90 | 12.34 |
| Book value / share | 41.10 | 48.15 | 52.45 | 62.96 | 61.93 | 71.41 | 61.88 | 64.76 | 60.71 |
| Tangible BV / share | 41.10 | 48.15 | 52.45 | 62.96 | 57.08 | 71.41 | 61.88 | 64.76 | 60.71 |
| Sales / share | 64.72 | 94.81 | 82.60 | 78.93 | 75.24 | 93.90 | 84.71 | 86.23 | 81.22 |
| Operating CF / share | 11.26 | 18.26 | 13.66 | 12.80 | 12.07 | 15.17 | 13.94 | 14.21 | 13.17 |
| Free cash flow / share | 8.43 | 13.89 | 8.26 | 7.15 | 5.48 | 8.35 | 7.58 | 7.51 | 6.97 |
| Dividends / share | 3.49 | 3.55 | 3.69 | 3.89 | 4.00 | 4.65 | 4.18 | 4.24 | 3.93 |
| Payout ratio | +64.77% | +26.80% | +41.49% | +49.60% | +59.74% | +49.37% | +51.49% | +50.34% | +48.48% |
| Retention ratio | +35.23% | +73.20% | +58.51% | +50.40% | +40.26% | +50.63% | +48.51% | +49.66% | +51.52% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +44.09% | -16.05% | +1.36% | -4.52% | +24.79% | -9.02% | +1.09% | -5.18% | +3.07% |
| Gross profit · YoY | — | +58.84% | -18.36% | -8.79% | -8.48% | +32.47% | -11.01% | +2.88% | -6.26% | +2.63% |
| Profit | ||||||||||
| Operating income · YoY | — | +166.57% | -30.56% | -10.82% | -14.41% | +37.55% | -7.60% | +2.64% | -5.80% | +7.14% |
| EBITDA · YoY | — | +94.35% | -27.60% | -1.30% | -7.43% | +29.97% | -11.12% | +1.29% | -3.17% | +4.81% |
| Net income · YoY | — | +141.93% | -35.40% | -6.47% | -14.36% | +40.44% | -13.02% | +3.17% | -3.33% | +5.42% |
| Operating | ||||||||||
| EBIT · YoY | — | +144.09% | -31.72% | -7.02% | -16.04% | +42.72% | -9.88% | +2.85% | -5.13% | +6.32% |
| R&D · YoY | — | -2.25% | +6.67% | +12.29% | +21.58% | +2.83% | -6.11% | -3.87% | -2.89% | +3.16% |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +146.01% | -32.96% | -11.81% | -14.54% | +62.83% | -4.66% | +4.95% | +12.93% | +10.90% |
| EPS · basic · YoY | — | +146.01% | -32.96% | -11.81% | -15.05% | +64.65% | -5.90% | +5.65% | +13.21% | +10.91% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $47.7B | $41.19B | $41.57B | $41.71B | $43.54B | $50.13B | $48.14B | $47.04B | $45.63B |
| Net debt | $40.9B | $11.55B | $10.03B | $18.68B | $32.86B | $23.43B | $23.6B | $23.22B | $23B |
| Net debt / EBITDA | 0.77 | 0.11 | 0.14 | 0.25 | 0.48 | 0.27 | 0.30 | 0.29 | 0.30 |
| Debt / equity | 0.27 | 0.20 | 0.20 | 0.15 | 0.16 | 0.16 | 0.18 | 0.17 | 0.17 |
| Debt / assets | +14.08% | +11.16% | +11.05% | +9.20% | +9.70% | +9.88% | +9.93% | +9.59% | +9.87% |
| Equity / assets | +51.84% | +54.86% | +56.48% | +59.67% | +59.38% | +60.57% | +55.44% | +56.90% | +56.97% |
| Coverage | |||||||||
| EBITDA / interest expense | 55.74 | 128.56 | 87.48 | 73.61 | 112.54 | 90.69 | 88.31 | 88.32 | 91.22 |
| Operating income / interest | 25.36 | 80.24 | 52.37 | 39.81 | 56.28 | 48.00 | 48.59 | 49.24 | 49.48 |
| Interest expense | $947M | $798M | $849M | $996M | $603M | $972.56M | $887.67M | $899M | $842.83M |
| Liquidity | |||||||||
| Current ratio | 1.04 | 1.41 | 1.48 | 1.31 | 1.15 | — | — | — | — |
| Quick ratio | 0.69 | 1.03 | 1.06 | 0.95 | 0.76 | — | — | — | — |
| Cash ratio | 0.12 | 0.43 | 0.48 | 0.33 | 0.15 | — | — | — | — |
| Working capital | $2.51B | $28.59B | $31.29B | $21.68B | $11.05B | — | — | — | — |
| Working capital / revenue | +0.91% | +7.17% | +9.35% | +6.39% | +3.41% | — | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).