/
Crude petroleum & natural gas company · DE · FY ends Dec · Revenue $5.08B · 28.88% margin · $3.51B FCF
28.88% operating margin is above average. ROIC at 8.59%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue growth slowed to 1.3%, essentially flat. Margins also contracted 6.0pp. This is a business that needs a catalyst.
ROIC dropped from 12.18% to 8.59%, capital efficiency is deteriorating. Operating margin contracted 6.0pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$5.08B
▲ +1.3% YoY
Net Income (TTM)
$588M
▼ -5.0% YoY
Op. Margin
28.88%
▼ -6.0pp YoY
ROIC
8.59%
▼ -3.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3.51B
▲ +5.7% YoY
Op. Cash Flow (TTM)
$3.52B
▲ +5.7% YoY
Net Debt
$3.53B
Cash & Equiv.
$171M
5Y CAGR: +54.2%
5Y CAGR: +84.0%
Continue Research