Murphy Oil
MUR NYSE Oil & Gas Exploration & Production Financials FY2016βFY2025
Murphy Oil's revenue fell 10.2% to $2.7 billion in fiscal 2025. Its operating margin was 11.1%, down from 19.9% a year earlier. Free cash flow was $227 million, down 72.6%. It paid out $289 million in dividends and buybacks, 127% of free cash flow. The diluted share count fell 4.6%.
About these figures. Murphy Oil doesn't report a gross profit; the only cost of sales its filings tag is a small line for oil it buys and resells, so gross profit and gross margin are left blank.
What Murphy Oil does
No business description yet.
- Legal name
- MURPHY OIL CORPORATION
- Fiscal year ends
- December 31, 2025
- Latest annual report
- β
- Accession Β· CIK
- 0001628280-26-011709
0000717423
Revenue and margins
Murphy Oil had $2.7B of revenue in fiscal 2025, down 10.2% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $227M in fiscal 2025, 8.4% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Murphy Oil returned $289M to shareholders in fiscal 2025, 127% of free cash flow. The diluted share count fell 4.6%.
Value Murphy Oil yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
Discounted cash flow
Value per share
β
Adds net cash of β$908M and divides by 144.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
β
Reference multiples: today 22.0x Β· peers 9.3x Β· sector 16.9x.
Balance sheet
Cash, debt and the ratios that show how comfortably Murphy Oil can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $521M | $492M | $317M | $424M | $377M |
| Debt incl. finance leases | $2.5B | $1.8B | $1.3B | $1.3B | $1.3B |
| Net debt / EBITDA | 1.8x | 0.6x | 0.5x | 0.6x | 0.7x |
| Debt / equity | 0.6x | 0.4x | 0.3x | 0.3x | 0.3x |
| Interest coverage | 1.3x | 10.5x | 9.3x | 5.7x | 3.1x |
| Current ratio | 0.8x | 0.8x | 0.9x | 0.8x | 0.8x |
| Quick ratio | 0.7x | 0.7x | 0.8x | 0.8x | 0.7x |
| Total assets | $10.3B | $10.3B | $9.8B | $9.7B | $9.8B |
| Total liabilities | $6.0B | $5.2B | $4.2B | $4.3B | $4.6B |
| Shareholders' equity | $4.2B | $5.0B | $5.4B | $5.2B | $5.1B |
| Net debt (β = net cash) | $1.9B | $1.3B | $1.0B | $852M | $908M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$1.9M
2 insiders
Of sales under plans
0%
$0.0M
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 6 / 8 | 5 / 8 | 5 / 8 |
| Accruals ratio | β10.8% | β13.6% | β11.7% |
| Altman Z'' | 4.22 | 3.89 | 3.46 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Murphy Oil MUR | $6.5B | β10.2% | 11.1% | 8.4% | 3.7% | 22.0x | 5 | |
| Northern Oil and Gas NOG | $3.1B | 11.2% | 9.9% | 60.8% | 3.3% | β | 7 | Compare β |
| Range Resources RRC | $10.8B | 28.9% | β | 18.9% | 13.7% | 12.6x | 8 | Compare β |
| SM Energy SM | $9.6B | 17.3% | 31.7% | β | 11.1% | β | 6 | Compare β |
| CNX Resources CNX | $5.6B | 76.8% | β | 23.9% | 11.8% | 6.0x | 6 | Compare β |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.8B | $1.4B | $1.8B | $2.8B | $2.0B | $2.3B | $3.9B | $3.5B | $3.0B | $2.7B |
| Operating income | β$389M | β$26.3M | $216M | $445M | β$1.4B | $281M | $1.6B | $1.0B | $603M | $301M |
| Interest expense | $148M | $178M | $180M | $219M | $169M | $222M | $151M | $112M | $106M | $96.1M |
| Pretax income | β$493M | β$283M | $43.0M | $204M | β$1.5B | $42.9M | $1.5B | $921M | $568M | $183M |
| Income tax | β$219M | $270M | β$126M | $14.7M | β$294M | β$5.9M | $310M | $196M | $78.3M | $44.6M |
| Net income | β$276M | β$312M | $411M | $1.1B | β$1.1B | β$73.7M | $965M | $662M | $407M | $104M |
| Diluted EPS | β$1.60 | β$1.81 | $2.36 | $6.98 | β$7.48 | β$0.48 | $6.13 | $4.22 | $2.70 | $0.72 |
| Diluted shares | 0.17B | 0.17B | 0.17B | 0.16B | 0.15B | 0.15B | 0.16B | 0.16B | 0.15B | 0.14B |
| Cash flow | ||||||||||
| Cash from operations | $601M | $613M | $749M | $1.5B | $803M | $1.4B | $2.2B | $1.7B | $1.7B | $1.2B |
| Capital expenditure | $927M | $910M | $1.0B | $1.3B | $760M | $650M | $986M | $1.1B | $900M | $1.0B |
| Free cash flow | β$326M | β$297M | β$262M | $145M | $42.9M | $772M | $1.2B | $683M | $829M | $227M |
| Depreciation and amortization | $1.1B | $752M | $776M | $1.1B | $987M | $795M | $777M | $862M | $866M | $978M |
| Stock-based compensation | $46.3M | $40.4M | $34.5M | $50.2M | $24.8M | $43.7M | $74.6M | $58.8M | $40.8M | $50.1M |
| Acquisitions | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $500M | $0.0M | $0.0M | $0.0M | $150M | $301M | $103M |
| Dividends paid | $207M | $173M | $173M | $164M | $96.0M | $77.2M | $128M | $171M | $180M | $186M |
| Dividends and buybacks | $207M | $173M | $173M | $664M | $96.0M | $77.2M | $128M | $321M | $481M | $289M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $873M | $965M | $360M | $307M | $311M | $521M | $492M | $317M | $424M | $377M |
| Total debt | $2.8B | $2.8B | $2.8B | $2.8B | $2.8B | $2.5B | $1.8B | $1.3B | $1.3B | $1.3B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $7.9M | $0.0M | $5.5M | $4.8M | $4.2M | $4.9M | $12.7M |
| Current assets | $1.6B | $1.4B | $880M | $974M | $1.0B | $881M | $972M | $752M | $785M | $817M |
| Current liabilities | $1.5B | $834M | $846M | $943M | $716M | $1.2B | $1.3B | $847M | $943M | $1.1B |
| Inventory | $127M | $105M | $80.0M | $76.1M | $66.1M | $54.2M | $54.5M | $54.5M | $54.9M | $57.3M |
| Property and equipment, net | $8.3B | $8.2B | $8.4B | $10.0B | $8.3B | $8.1B | $8.2B | $8.2B | $8.1B | $8.1B |
| Total assets | $10.3B | $9.9B | $11.1B | $11.7B | $10.6B | $10.3B | $10.3B | $9.8B | $9.7B | $9.8B |
| Total liabilities | $5.4B | $5.2B | $5.9B | $5.9B | $6.2B | $6.0B | $5.2B | $4.2B | $4.3B | $4.6B |
| Shareholders' equity | $4.9B | $4.6B | $4.8B | $5.5B | $4.2B | $4.2B | $5.0B | $5.4B | $5.2B | $5.1B |
| Margins | ||||||||||
| Operating margin | β21.5% | β1.8% | 12.0% | 15.7% | β69.3% | 12.2% | 40.4% | 30.1% | 19.9% | 11.1% |
| EBITDA margin | 36.7% | 50.3% | 55.3% | 56.3% | β19.1% | 46.8% | 60.1% | 55.0% | 48.5% | 47.0% |
| Net margin | β15.2% | β21.6% | 23.0% | 40.6% | β58.4% | β3.2% | 24.5% | 19.1% | 13.4% | 3.8% |
| FCF margin | β18.0% | β20.6% | β14.6% | 5.1% | 2.2% | 33.6% | 30.4% | 19.7% | 27.4% | 8.4% |
| Returns | ||||||||||
| Return on capital | β4.2% | β0.3% | 3.1% | 5.2% | β14.2% | 4.3% | 19.6% | 12.6% | 8.2% | 3.7% |
| Return on capital employed | β4.2% | β0.3% | 2.2% | 4.2% | β13.2% | 3.0% | 17.4% | 11.6% | 6.8% | 3.4% |
| Return on equity | β5.4% | β6.5% | 8.7% | 22.3% | β23.7% | β1.8% | 21.1% | 12.8% | 7.7% | 2.0% |
| Return on assets | β2.5% | β3.1% | 3.9% | 10.1% | β10.3% | β0.7% | 9.4% | 6.6% | 4.2% | 1.1% |
| Growth | ||||||||||
| Revenue growth | β38.4% | β20.3% | 24.1% | 57.9% | β30.5% | 16.9% | 71.0% | β12.0% | β12.5% | β10.2% |
| Net income growth | β | β | β | 179.7% | β199.9% | β | β | β31.5% | β38.5% | β74.4% |
| EPS growth | β | β | β | 195.8% | β207.2% | β | β | β31.2% | β36.0% | β73.3% |
| FCF growth | β | β | β | β | β70.4% | 1,699.4% | 54.8% | β42.9% | 21.4% | β72.6% |
| Share count change | β1.3% | 0.2% | 1.0% | β5.4% | β6.9% | 0.5% | 2.1% | β0.5% | β3.6% | β4.6% |
| Financial health | ||||||||||
| Net debt / EBITDA | 2.9x | 2.5x | 2.4x | 1.6x | β | 1.8x | 0.6x | 0.5x | 0.6x | 0.7x |
| Debt / equity | 0.6x | 0.6x | 0.6x | 0.5x | 0.7x | 0.6x | 0.4x | 0.3x | 0.3x | 0.3x |
| Interest coverage | β2.6x | β0.2x | 1.2x | 2.0x | β8.0x | 1.3x | 10.5x | 9.3x | 5.7x | 3.1x |
| Current ratio | 1.0x | 1.6x | 1.0x | 1.0x | 1.4x | 0.8x | 0.8x | 0.9x | 0.8x | 0.8x |
| Quick ratio | 1.0x | 1.5x | 1.0x | 1.0x | 1.3x | 0.7x | 0.7x | 0.8x | 0.8x | 0.7x |
| Capital allocation | ||||||||||
| Capex / revenue | 51.2% | 63.0% | 56.5% | 47.5% | 38.6% | 28.3% | 25.1% | 30.8% | 29.7% | 37.5% |
| Stock comp / revenue | 2.6% | 2.8% | 1.9% | 1.8% | 1.3% | 1.9% | 1.9% | 1.7% | 1.4% | 1.8% |
| Payouts / FCF | β | β | β | 458.2% | 223.8% | 10.0% | 10.7% | 47.0% | 58.1% | 127.1% |
| Quality scores | ||||||||||
| Piotroski F-score | 5.0 | 3.0 | 6.0 | 7.0 | 4.0 | 5.0 | 7.0 | 6.0 | 5.0 | 5.0 |
| Altman Z'' | 2.6 | 3.0 | 2.7 | 3.1 | 1.7 | 2.4 | 3.8 | 4.2 | 3.9 | 3.5 |
| Accruals ratio | β8.1% | β9.2% | β3.2% | β3.0% | β17.5% | β14.3% | β11.8% | β10.8% | β13.6% | β11.7% |
Source: SEC EDGAR XBRL filings (CIK 0000717423). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.