Aureus
AExcellent

Chevron Corporation(CVX)

A

Financial data as of Dec 31, 2025Improving · Energy

FCF Margin9.0%Free Cash Flow / Revenue
Cash Conversion275.9%Operating CF / Net Income
Free Cash Flow$16.6B
Revenue$184.4B
Net Cash-$34.5BNet debt position
Debt / FCF2.5xManageable debt load
Current Ratio1.15Adequate short-term liquidity
YoY FCF Growth+26.8%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseB
→
+1Strong YoY FCF growth (26.8% YoY)
→
FinalA

Analysis Summary

Strengths

  • Excellent cash conversion (276%)
  • Strong YoY FCF growth (+26.8%)

Concerns

  • Low FCF margin (9.0%)
  • Net debt position ($34.5B) — 2.5x FCF, manageable

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin9.0%
Net Margin6.7%
Operating CF Margin18.4%
CapEx Ratio9.4%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$34.5BNet debt position
Debt / FCF2.5xManageable debt load
Current Ratio1.15Adequate liquidity
Debt / Equity0.22Low leverage

Quarterly FCF Trend

+26.8% YoYImproving (+26.8%)

Free cash flow per quarter

Sector Comparison — Energy

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameChevron Corporation
SectorEnergy
Free Cash Flow$16.6B
Revenue$184.4B
Net Income$12.3B
Operating Cash Flow$33.9B
Capital Expenditure$17.3B
FCF Margin9.0%
Cash Conversion Rate275.9%
Net Margin6.7%
Total Debt$40.8B
Total Cash$6.3B
Net Cash-$34.5B
Current Ratio1.15
Debt / Equity0.22
Debt / FCF2.5x
YoY FCF Growth+26.8%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeA
Data SourceYahoo Finance