Chevron CVX Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 43.2%+0.5pp | 42.8%+0.9pp | 41.9%+1.3pp | 40.6%+0.1pp | 40.5%-0.8pp | |
| Net margin | 5.8%-0.7pp | 6.5%-0.1pp | 6.6%-0.5pp | 7%-0.7pp | 7.8%-0.9pp | |
| EBITDA margin | 21.6%-0.2pp | 21.7%+0.5pp | 21.2%+0.4pp | 20.8%-0.6pp | 21.4%-1.0pp | |
| Free cash flow margin | 7.3%-1.5pp | 8.8%+0.8pp | 7.9%-0.3pp | 8.2%+1.5pp | 6.7%-0.7pp | |
| Returns | ||||||
| Return on equity | 6.6%-0.6pp | 7.3%-0.1pp | 7.4%-1.6pp | 9%-1.1pp | 10.1%-1.2pp | |
| Return on assets | 3.8%-0.5pp | 4.2%-0.1pp | 4.4%-1.0pp | 5.4%-0.7pp | 6%-0.8pp | |
| Return on invested capital | 6%-0.5pp | 6.5%-0.2pp | 6.7%-1.5pp | 8.2%-1.1pp | 9.3%-0.8pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×0.0× | 0.7×0.0× | 0.7×-0.1× | 0.8×0.0× | 0.8×0.0× | |
| Inventory turnover | 10.9×-0.6× | 11.5×+0.3× | 11.2×-0.8× | 12×-0.5× | 12.6×-0.9× | |
| Liquidity | ||||||
| Current ratio | 1.1×-0.1× | 1.2×0.0× | 1.2×+0.2× | 1×-0.1× | 1.1×0.0× | |
| Quick ratio | 0.8×0.0× | 0.9×0.0× | 0.9×+0.1× | 0.7×-0.1× | 0.8×0.0× | |
| Cash ratio | 0.1×-0.1× | 0.2×0.0× | 0.2×+0.1× | 0.2×0.0× | 0.2×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.2×0.0× | 0.3×0.0× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | |
| Debt-to-assets | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Net debt / EBITDA | 1×0.0× | 1×+0.2× | 0.8×+0.2× | 0.6×0.0× | 0.5×0.0× | |
| Per Share | ||||||
| Book value per share | $92.51— | —— | $97.55+14.9% | $84.91-0.4% | $85.21— | |
| Valuation | ||||||
| Market capitalization | $409.91B+34.5% | $304.72B-2.6% | $312.88B+25.8% | $248.63B-15.6% | $294.53B+14.1% | |
| Enterprise value | $449.03B+29.9% | $345.72B0.0% | $345.64B+26.7% | $272.72B-14.3% | $318.05B+11.9% | |
| Price / earnings | 37.2×+12.5× | 24.8×+0.3× | 24.5×+6.4× | 18.1×-0.7× | 18.8×+4.2× | |
| Price / sales | 2.2×+0.5× | 1.6×0.0× | 1.6×+0.3× | 1.3×-0.2× | 1.5×+0.2× | |
| Price / book | 2.2×+0.6× | 1.6×0.0× | 1.6×-0.1× | 1.7×-0.3× | 2×+0.3× | |
| EV / EBITDA | 10.9×+2.5× | 8.4×0.0× | 8.4×+1.7× | 6.7×-0.7× | 7.4×+1.1× | |
| EV / sales | 2.4×+0.5× | 1.8×+0.1× | 1.8×+0.4× | 1.4×-0.2× | 1.6×+0.2× | |
| Free cash flow yield | 3.4%-2.1pp | 5.4%+0.5pp | 4.9%-1.5pp | 6.5%+1.9pp | 4.6%-1.2pp | |
| Earnings yield | 2.7%-1.4pp | 4%0.0pp | 4.1%-1.4pp | 5.5%+0.2pp | 5.3%-1.5pp | |
| Dividend yield | 3.2%-0.9pp | 4.2%+0.3pp | 3.9%-0.8pp | 4.7%+0.7pp | 4%-0.6pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Chevron's ratios come from?
- Every ratio is computed from Chevron's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
