Exxon MobilMEX:XOM +1.91%68 Net Margin % is 5.03% as of Mar. 2026, which is 40% below its 10-year median of 8.32. GuruFocus rates MEX:XOM with a GF Score™ of 68/100 and a GF Value™ of MXN2,002.23 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 916 Oil & Gas companies, Exxon Mobil ranks better than 63.97% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Exxon Mobil's Net Income for the
three
months ended in Mar. 2026 was MXN75,431 Mil. Exxon Mobil's Revenue for the
three
months ended in Mar. 2026 was MXN1,499,617 Mil. Therefore, Exxon Mobil's net margin for the quarter that ended in Mar. 2026 was 5.03%.
The historical rank and industry rank for Exxon Mobil's Net Margin % or its related term are showing as below:
MEX:XOM'
s Net Margin % Range Over the Past 10 Years
Min: -12.57 Med: 8.32 Max: 13.98
Current: 7.77
MEX:XOM's Net Margin % is ranked better than 63.97% of 916
companies
in the Oil & Gas industry
Industry Median: 3.435
vs MEX:XOM: 7.77
Exxon Mobil (MEX:XOM) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Exxon Mobil Net Margin % Related Terms
Exxon Mobil Net Margin % Historical Data
* Premium members only.
The historical data trend for Exxon Mobil's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Integrated subindustry, Exxon Mobil's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Exxon Mobil Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Exxon Mobil's Net Margin % distribution charts can be found below:
* The bar in red indicates where Exxon Mobil's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Exxon Mobil (MEX:XOM) has a Net Margin % of 5.03% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Exxon Mobil and its competitors. This is 40% below median its historical median of 8.32. According to the industry distribution chart, Exxon Mobil ranks #330 out of 916 companies in the Oil & Gas industry, placing it in the top 36%.
Is Exxon Mobil's Net Margin % too high?
Exxon Mobil's current Net Margin % of 5.03% is 40% below median its 10-year median of 8.32. The Oil & Gas industry median Net Margin % is 3.44. Exxon Mobil's value of 5.03% is 46.4% above this industry median. Based on the distribution chart, Exxon Mobil ranks #330 out of 916 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Exxon Mobil has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Exxon Mobil's Net Margin % compare to CVX and NFG?
According to the Oil & Gas industry distribution chart, Exxon Mobil ranks #330 out of 916 companies for Net Margin %. This puts Exxon Mobil in the upper half of its industry. The industry median Net Margin % is 3.44. Exxon Mobil's value of 5.03% is 46.4% above this benchmark. While the company's 10-year median is 8.32 vs. the industry median of 3.44, Exxon Mobil has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.44, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Exxon Mobil's current Net Margin % of 5.03% is 46.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Exxon Mobil and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exxon Mobil's current Net Margin % is 5.03%, which is 40% below median its own 10-year median of 8.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exxon Mobil stock overvalued right now?
Based on GuruFocus' analysis, Exxon Mobil (MEX:XOM) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN2,002.23, compared to a current price of MXN2,456.00 — trading 22.7% above its estimated fair value. The current Net Margin % is 5.03%, which is 40% below median its 10-year median of 8.32 and 46.4% above the Oil & Gas industry median of 3.44. Exxon Mobil's overall GF Score™ is 68/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Exxon Mobil (MEX:XOM), the current Net Margin % is 5.03% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Exxon Mobil (MEX:XOM) Overvalued in 2026?
Based on GuruFocus' analysis, Exxon Mobil stock appears to be overvalued.
The current stock price of MXN2,456.00 is trading 22.7% above its estimated GF Value™ of MXN2,002.23.
GuruFocus considers Exxon Mobil to be Modestly Overvalued.
Key valuation signals for MEX:XOM:
Net Margin %: 5.03% (40% below median its 10-year median of 8.32)
GF Value™: MXN2,002.23 vs. price of MXN2,456.00 (22.7% above fair value)
Industry Position: 46.4% above the Oil & Gas median (#330 of 916)
No single metric tells the full story. See the MEX:XOM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2025, reserves were 19.3 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.1 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
68GF Score
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