Energy · Integrated Oil & Gas · US stock · price as of 22 Oct 2026
Key indicators
Price
$178.23
52-week range
$112.51 – $180.31
Market cap
$743.9B
P/E (trailing)
23.1×
EV / EBITDA
10.2×
Free-cash-flow yield
4.1%
Dividend yield
2.3%
Revenue (last 12 months)
$368.8B
Revenue growth (3y a year)
−7.0%
Operating margin
12.5%
Return on invested capital
11.8%
Net debt / EBITDA
0.4×
Fair value
Fair value (average of valid models)$168.54 middle half of models $153 – $172
Versus priceFair−5% to fair value
P/E multiple
$167.66
P/B multiple
$150.55
P/S multiple
$134.06
EV/EBITDA multiple
$159.13
EV/EBIT multiple
$136.21
EV/revenue multiple
$144.38
10-year DCF, EBITDA exit
$174.67
5-year DCF, EBITDA exit
$171.73
10-year DCF, revenue exit
$173.07
5-year DCF, revenue exit
$170.12
10-year DCF, growth exit
$161.26
5-year DCF, growth exit
$155.39
Dividend discount, stable
$170.12
Dividend discount, multi-stage
$239.81
Earnings power value
$220.01
Model uncertainty
Medium
X-Ray Score
42/ 100 · High confidence · ahead of 25% of sector peers
Valuation21
Growth34
Profitability52
Financial health60
Dividends56
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
ExxonMobil is an integrated energy and chemicals business based in the United States. It finds and produces crude oil and natural gas, refines crude into fuels and lubricants, and makes petrochemicals used in plastics, packaging and industrial products. Its customers include governments, industrial companies, utilities, airlines and retail motorists. The business spans upstream production and downstream refining and chemicals, and it also works on carbon capture and hydrogen projects.
The company earns its revenue from the oil, gas, fuels and chemicals it produces and markets. Over the last twelve months revenue totalled $368.8 billion, while revenue growth over the last three years was -7.0% a year, which is a decline. The operating margin is 12.5%, and the business earns a profit of 12% on the capital invested in it. It has net debt of 0.4 times EBITDA. A dividend is paid, with a yield of 2.3%.
StocksXray gives ExxonMobil Holdings Corp an X-Ray Score of 42 out of 100 (high confidence), ahead of 25% of the S&P 500 stocks in its sector. Its strongest lens is financial health (60) and its weakest is valuation (21).
Our fair value (the average of the valid models) is $168.54 (range $152.97 to $172.40). At $178.23 the stock trades 6% above that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
ExxonMobil Holdings Corp (XOM)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$52.03
$97.53
$91.43
$101.72
$117.97
$178.23
Market cap
$222.4B
$410.1B
$370.5B
$437.2B
$507.9B
$743.9B
P/E
9.7×
7.4×
10.3×
13.0×
17.6×
23.1×
EV / revenue
0.9×
1.0×
1.1×
1.3×
1.6×
2.1×
EV / EBITDA
5.1×
4.2×
5.2×
6.3×
8.1×
10.3×
Price / free cash flow
6.2×
7.0×
11.1×
14.2×
21.5×
24.3×
Free-cash-flow yield
16.2%
14.2%
9.0%
7.0%
4.6%
4.1%
Price / book
1.3×
2.1×
1.8×
1.7×
2.0×
2.9×
Dividend yield
6.71%
3.64%
4.02%
3.78%
3.39%
2.31%
Fundamentals checklist ● 3 Good · ● 6 Average · ● 6 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−5.8%Average
Free-cash-flow yield4.1%Bad
Risk models
Altman Z score5.7×Good
Piotroski F-Score3 of 9Bad
Growth
EPS growth (3y)−20.4%Average
Free-cash-flow growth (3y)−26.1%Bad
Revenue growth (3y)−7.0%Average
Growth consistency40%Bad
Balance sheet
Current ratio1.1×Average
Net debt / EBITDA0.4×Good
Interest coverno interest costGood
Valuation
Fair value vs price0.9×Bad
EBIT / EV yield5.9%Average
Profitability
Return on invested capital11.8%Average
Operating margin12.5%Bad
XStocksXray
ExxonMobil Holdings Corp (XOM)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
285,640
413,680
344,582
349,585
332,238
368,757
Gross profit
–
–
–
–
–
–
Operating income
32,181
78,551
53,632
49,869
41,871
46,129
Net income
23,040
55,740
36,010
33,680
28,844
32,757
Diluted EPS ($)
5.39
13.26
8.89
7.84
6.70
7.72
Free cash flow
36,053
58,390
33,450
30,716
23,612
30,553
Gross margin
–
–
–
–
–
–
Operating margin
11.3%
19.0%
15.6%
14.3%
12.6%
12.5%
Net margin
8.1%
13.5%
10.5%
9.6%
8.7%
8.9%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
338,923
369,067
376,317
453,475
448,980
464,482
Cash
6,802
29,640
31,539
23,029
10,681
10,588
Total debt
47,428
40,814
41,567
41,647
43,500
42,368
Equity
168,577
195,049
204,802
263,705
259,386
259,380
Dividend per share ($)
3.49
3.55
3.68
3.84
4.00
4.08
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
