Expand Energy vs Woodside Energy
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The short version
- Woodside Energy is the larger business, with $13.0B of revenue in fiscal 2025 against $12.1B for Expand Energy.
- Expand Energy grew revenue faster (186.3%, against β1.5%).
- Woodside Energy kept more of each dollar of sales as operating profit (30.0% operating margin, against 20.4%).
- Expand Energy earned a higher return on the capital invested in it (8.6%, against 7.1%).
| Latest fiscal year | EXE Β· FY25 | WDS Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $22.2B | $45.3B |
| Revenue | $12.1B | $13.0B |
| Free cash flow | $1.8B | β |
| Net income | $1.8B | $2.7B |
| Growth | ||
| Revenue growth | 186.3% | β1.5% |
| 5-year growth | 7.3% | 29.3% |
| Share count change | 53.1% | 0.1% |
| Profitability | ||
| Gross margin | β | 34.9% |
| Operating margin | 20.4% | 30.0% |
| Net margin | 15.0% | 20.9% |
| FCF margin | 15.2% | β |
| Return on capital | 8.6% | 7.1% |
| Return on equity | 10.1% | 7.6% |
| Balance sheet | ||
| Net debt | $4.4B | $6.3B |
| Net debt / EBITDA | 0.8x | 0.7x |
| Dividends and buybacks | $865M | $2.1B |
| Valuation & quality | ||
| P/E | 8.1x | β |
| Piotroski F-score | 7 | 4 |
Revenue
FY16
EXE $7.9B
WDS β
FY17
EXE $10.0B
WDS β
FY18
EXE $10.0B
WDS β
FY19
EXE $8.5B
WDS β
FY20
EXE $5.2B
WDS $3.6B
FY21
EXE β
WDS $7.0B
FY22
EXE $11.7B
WDS $16.8B
FY23
EXE $8.7B
WDS $14.0B
FY24
EXE $4.2B
WDS $13.2B
FY25
EXE $12.1B
WDS $13.0B
EXE
WDS
Operating margin
FY16
EXE β56.0%
WDS β
FY17
EXE β1.4%
WDS β
FY18
EXE 3.8%
WDS β
FY19
EXE β0.4%
WDS β
FY20
EXE β166.1%
WDS β143.6%
FY21
EXE β
WDS 50.2%
FY22
EXE 32.2%
WDS 54.6%
FY23
EXE 36.0%
WDS 23.6%
FY24
EXE β19.0%
WDS 34.3%
FY25
EXE 20.4%
WDS 30.0%
EXE
WDS
Free cash flow
FY16
EXE β$1.7B
WDS β
FY17
EXE β$1.6B
WDS β
FY18
EXE β$118M
WDS β
FY19
EXE β$640M
WDS β
FY20
EXE $22.0M
WDS β
FY21
EXE β
WDS β
FY22
EXE $2.3B
WDS β
FY23
EXE $551M
WDS β
FY24
EXE $8.0M
WDS β
FY25
EXE $1.8B
WDS β
EXE
WDS
Return on capital
FY16
EXE β33.8%
WDS β
FY17
EXE β1.1%
WDS β
FY18
EXE 3.5%
WDS β
FY19
EXE β0.2%
WDS β
FY20
EXE β135.0%
WDS β
FY21
EXE β
WDS β
FY22
EXE β
WDS 23.8%
FY23
EXE 20.6%
WDS 7.1%
FY24
EXE β3.7%
WDS 9.1%
FY25
EXE 8.6%
WDS 7.1%
EXE
WDS
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.