Equinor ASA (EQNR) vs ExxonMobil Holdings Corporation (XOM)

Equinor ASA and ExxonMobil Holdings Corporation are both Oil & Gas Integrated companies. ExxonMobil Holdings Corporation is the larger, with a market value of $661.5B against $102.3B — 6.5× the size. Equinor ASA trades at the lower P/E: 11.5× against 20.7×. ExxonMobil Holdings Corporation grew revenue faster over the last twelve months: 9.07% against 5.78%. ExxonMobil Holdings Corporation has the higher net margin (8.88% vs 7.92%) and the lower return on invested capital (9.85% vs 46.6%). Both pay a dividend; Equinor ASA yields more (9.74% vs 3.67%). Across the 22 metrics below, Equinor ASA leads on 17 and ExxonMobil Holdings Corporation on 5.

Valuation

Metric EQNR XOM Oil & Gas Integrated median
P/E 11.50 20.67 11.88
P/S 0.90 1.82 1.20
P/B 2.38 2.52 1.56
Price to free cash flow 8.37 20.71 9.74
EV/EBITDA 2.32 9.13 4.94
EV/Sales 0.90 1.88 1.57
Earnings yield 8.70% 4.84% 7.58%
Free cash flow yield 11.95% 4.83% 6.71%

Profitability

Metric EQNR XOM Oil & Gas Integrated median
Gross margin 51.16% 23.94% 39.18%
Operating margin 28.44% 12.51% 14.90%
Net margin 7.92% 8.88% 8.76%
Free cash flow margin 10.72% 8.78% 9.61%
Return on equity 21.28% 12.22% 12.22%
Return on assets 6.47% 7.18% 6.47%
Return on invested capital 46.59% 9.85% 10.61%

Growth

Metric EQNR XOM Oil & Gas Integrated median
Revenue growth (TTM) 5.78% 9.07% 5.63%
EPS growth (last fiscal year) (37.62%) (14.54%) —
Revenue growth, 5-year CAGR 18.37% 12.85% 12.04%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric EQNR XOM Oil & Gas Integrated median
Debt to equity 0.56 0.12 0.55
Current ratio 1.18 1.13 1.18
Net debt to EBITDA 0.18 0.35 0.80

Dividend

Metric EQNR XOM Oil & Gas Integrated median
Dividend yield 9.74% 3.67% 5.01%
Payout ratio 0.12 0.29 0.29

Size

Metric EQNR XOM Oil & Gas Integrated median
Market cap 102.28b 661.52b 51.12b

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