ConocoPhillips (COP) vs Expand Energy Corporation (EXE)

ConocoPhillips and Expand Energy Corporation are both Oil & Gas E&P companies. ConocoPhillips is the larger, with a market value of $154.0B against $20.1B — 7.7× the size. Expand Energy Corporation trades at the lower P/E: 7.5× against 16.8×. Expand Energy Corporation grew revenue faster over the last twelve months: 59.3% against 8.48%. Expand Energy Corporation has the higher net margin (20.5% vs 14.2%) and the lower return on invested capital (10.3% vs 12.2%). Both pay a dividend; Expand Energy Corporation yields more (3.86% vs 2.63%). Across the 22 metrics below, Expand Energy Corporation leads on 18 and ConocoPhillips on 4.

Valuation

Metric COP EXE Oil & Gas E&P median
P/E 16.84 7.46 10.57
P/S 2.37 1.52 1.80
P/B 2.36 1.07 1.27
Price to free cash flow 12.70 8.03 9.99
EV/EBITDA 6.08 3.81 5.08
EV/Sales 2.61 1.80 2.39
Earnings yield 5.94% 13.40% 6.06%
Free cash flow yield 7.87% 12.45% 6.17%

Profitability

Metric COP EXE Oil & Gas E&P median
Gross margin 62.56% 80.66% 80.41%
Operating margin 24.14% 26.94% 21.39%
Net margin 14.17% 20.46% 14.17%
Free cash flow margin 18.63% 18.94% 9.71%
Return on equity 14.13% 14.89% 10.05%
Return on assets 7.50% 9.97% 5.81%
Return on invested capital 12.17% 10.25% 6.32%

Growth

Metric COP EXE Oil & Gas E&P median
Revenue growth (TTM) 8.48% 59.29% 9.94%
EPS growth (last fiscal year) (18.69%) 266.37% —
Revenue growth, 5-year CAGR 26.16% 18.27% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric COP EXE Oil & Gas E&P median
Debt to equity 0.36 0.19 0.28
Current ratio 1.54 0.96 0.96
Net debt to EBITDA 0.64 0.82 0.91

Dividend

Metric COP EXE Oil & Gas E&P median
Dividend yield 2.63% 3.86% 4.93%
Payout ratio 0.37 0.19 0.07

Size

Metric COP EXE Oil & Gas E&P median
Market cap 153.96b 20.07b 923.59m

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