2222.SR
Saudi Arabian Oil Company$26.48
+0.30%Jun 21, 2026
Market cap
$6.42T
52w range
—
P / E
—
EPS · FY 2025
$1.44
Volume
—
Revenue · FY 2025
$1.67T
-7.24% YoY
Explain this page
Arphra AIPlain-English read on Saudi Arabian Oil Company’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
A+Top tier
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin50.2%
Operating margin44.2%
Net margin20.8%
ROE20.2%
ROA13.6%
ROIC20.0%
Liquidity & leverage
Current ratio2.00×
Quick ratio1.76×
Debt / equity0.21×
Net debt / EBITDA0.15×
Interest coverage67×
Efficiency & per-share
Asset turnover0.65×
Inventory days31
Days sales out.48
FCF / share$1.31
Book value / share$7.12
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Headline | |||||
| Market cap | — | — | — | $6.79T | $5.76T |
| Enterprise value | — | — | — | $6.89T | $5.88T |
| Multiples | |||||
| P / E | — | — | — | — | — |
| P / B | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — |
| EV / Sales | — | — | — | 3.82 | 3.52 |
| EV / FCF | — | — | — | 21.52 | 18.57 |
| Yields | |||||
| Earnings yield | — | — | — | +5.81% | +6.04% |
| Free cash flow yield | — | — | — | +4.72% | +5.50% |
| Dividend yield | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin | +56.11% | +69.81% | +51.70% | +49.39% | +50.16% |
| Operating margin | +51.40% | +50.48% | +46.77% | +43.65% | +44.23% |
| EBITDA margin | +57.74% | +55.31% | +53.51% | +49.08% | +48.29% |
| EBIT margin | +52.04% | +51.26% | +48.28% | +43.99% | +42.72% |
| Pre-tax margin | +51.24% | +50.87% | +47.84% | +43.40% | +42.06% |
| Net margin | +26.32% | +26.35% | +24.39% | +21.86% | +20.83% |
| Cost structure | |||||
| Cost of revenue / sales | +43.89% | +30.19% | +48.30% | +50.61% | +49.84% |
| R&D intensity | +0.26% | +0.19% | +0.28% | +0.32% | +0.33% |
| SG&A intensity | +3.96% | +3.69% | +4.14% | +4.94% | +5.00% |
| Effective tax rate | +46.41% | +47.61% | +48.79% | +49.05% | +50.17% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Returns | |||||
| Return on equity (ROE) | +30.86% | +35.84% | +26.06% | +23.85% | +20.21% |
| Return on assets (ROA) | +18.27% | +23.96% | +18.27% | +16.25% | +13.64% |
| Return on capital (ROC) | +43.09% | +55.56% | +42.83% | +39.91% | +35.45% |
| Return on invested capital (ROIC) | +22.06% | +29.00% | +22.33% | +19.99% | +16.69% |
| Asset turnover | +69.44% | +90.91% | +74.92% | +74.34% | +65.49% |
| DuPont · ROE decomposition | |||||
| Net margin | +26.32% | +26.35% | +24.39% | +21.86% | +20.83% |
| Asset turnover (× revenue / assets) | +69.44% | +90.91% | +74.92% | +74.34% | +65.49% |
| Equity multiplier (× assets / equity) | +168.87% | +149.62% | +142.65% | +146.77% | +148.22% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Turnover | |||||
| Asset turnover | 0.69 | 0.91 | 0.75 | 0.74 | 0.65 |
| Fixed-asset turnover | 1.21 | 1.74 | 1.34 | 1.21 | 1.05 |
| Inventory turnover | 8.82 | 6.81 | 10.43 | 10.89 | 11.81 |
| Receivables turnover | 7.44 | 9.43 | 7.93 | 7.69 | 7.67 |
| Payables turnover | 11.91 | 10.46 | 12.45 | 11.63 | 10.54 |
| Days outstanding | |||||
| Days sales outstanding (DSO) | 49.03 | 38.72 | 46.04 | 47.44 | 47.59 |
| Days inventory outstanding (DIO) | 41.36 | 53.63 | 34.99 | 33.51 | 30.91 |
| Days payables outstanding (DPO) | 30.63 | 34.90 | 29.31 | 31.40 | 34.64 |
| Cash conversion cycle | 59.76 | 57.45 | 51.72 | 49.56 | 43.86 |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Operating CF / Net income | 1.32 | 1.17 | 1.19 | 1.29 | 1.46 |
| FCF / Net income | 1.02 | 0.93 | 0.84 | 0.81 | 0.91 |
| FCF margin | +26.83% | +24.58% | +20.44% | +17.76% | +18.94% |
| OCF margin | +34.80% | +30.80% | +28.97% | +28.25% | +30.34% |
| CapEx / Revenue | +7.97% | +6.23% | +8.53% | +10.48% | +11.40% |
| CapEx / D&A | 1.40 | 1.54 | 1.63 | 1.83 | 2.03 |
| Stock-based comp / Revenue | +0.01% | +0.01% | 0.00% | 0.00% | 0.00% |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| EPS · diluted | 1.64 | 2.47 | 1.87 | 1.63 | 1.44 |
| EPS · basic | 1.64 | 2.47 | 1.87 | 1.63 | 1.44 |
| Book value / share | 5.29 | 6.89 | 7.18 | 6.83 | 7.12 |
| Tangible BV / share | 4.71 | 6.30 | 6.58 | 6.23 | 6.53 |
| Sales / share | 6.21 | 9.37 | 7.67 | 7.45 | 6.91 |
| Operating CF / share | 2.16 | 2.89 | 2.22 | 2.10 | 2.10 |
| Free cash flow / share | 1.67 | 2.30 | 1.57 | 1.32 | 1.31 |
| Dividends / share | 1.16 | 1.16 | 1.52 | 1.93 | 1.33 |
| Payout ratio | +71.18% | +47.10% | +80.99% | +118.29% | +92.07% |
| Retention ratio | +28.82% | +52.90% | +19.01% | -18.29% | +7.93% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 4y CAGR |
|---|---|---|---|---|---|---|
| Top-line | ||||||
| Revenue · YoY | — | +50.91% | -18.09% | -2.95% | -7.24% | +2.71% |
| Gross profit · YoY | — | +87.78% | -39.34% | -7.30% | -5.78% | -0.13% |
| Profit | ||||||
| Operating income · YoY | — | +48.21% | -24.11% | -9.42% | -6.00% | -1.08% |
| EBITDA · YoY | — | +44.56% | -20.76% | -10.98% | -8.73% | -1.78% |
| Net income · YoY | — | +51.12% | -24.19% | -13.00% | -11.64% | -3.13% |
| Operating | ||||||
| EBIT · YoY | — | +48.65% | -22.86% | -11.57% | -9.92% | -2.24% |
| R&D · YoY | — | +14.10% | +17.61% | +11.91% | -6.41% | +8.88% |
| Per-share | ||||||
| EPS · diluted · YoY | — | +50.61% | -24.29% | -12.83% | -11.66% | -3.20% |
| EPS · basic · YoY | — | +50.61% | -24.29% | -12.83% | -11.66% | -3.20% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Leverage | |||||
| Total debt | $510.92B | $393.14B | $290.15B | $319.29B | $363.62B |
| Net debt | $211.34B | $167.1B | $91.17B | $102.65B | $120.52B |
| Net debt / EBITDA | 0.24 | 0.13 | 0.09 | 0.12 | 0.15 |
| Debt / equity | 0.40 | 0.24 | 0.17 | 0.19 | 0.21 |
| Debt / assets | +23.62% | +15.77% | +11.71% | +13.17% | +14.25% |
| Equity / assets | +59.22% | +66.84% | +70.10% | +68.14% | +67.47% |
| Coverage | |||||
| EBITDA / interest expense | 71.91 | 149.72 | 189.67 | 83.89 | 72.77 |
| Operating income / interest | 64.02 | 136.66 | 165.80 | 74.62 | 66.65 |
| Interest expense | $12.06B | $8.37B | $5.24B | $10.54B | $11.09B |
| Liquidity | |||||
| Current ratio | 2.01 | 2.35 | 2.18 | 1.72 | 2.00 |
| Quick ratio | 1.74 | 2.05 | 1.84 | 1.41 | 1.70 |
| Cash ratio | 0.99 | 0.62 | 0.59 | 0.66 | 0.81 |
| Working capital | $307.41B | $492.15B | $395.48B | $236.14B | $297.93B |
| Working capital / revenue | +20.47% | +21.72% | +21.30% | +13.11% | +17.83% |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 3.52x | 3.82x |
| Earnings yield | 6.0% | 5.8% |
| FCF yield | 5.5% | 4.7% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 23.3% | 27.0% |
| ROA | 13.6% | 16.3% |
| ROIC | 16.0% | 18.4% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 0.15 | 0.12 |
| Interest coverage | — | — |
| Current ratio | 2.00x | 1.72x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).