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NEW YORK STOCK EXCHANGE, INC. · Energy · CIK 0000717423
$42.37
-1.37% · live
Updated
$6.05B market value
From MURPHY OIL CORP's FY2025 10-K, filed Feb 25, 2026 · read the filing
MURPHY OIL drills for oil and natural gas. It took in $2.69B last year, which makes it a mid-sized company. Of every dollar it sells, about 4 cents is left as profit.
The financial picture is led by debt and accounting, with profitability worth watching, while growth remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Generally healthy, with a few things to watch.
From MURPHY OIL CORP's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Operating income
$602.6M → $301.2M
Profit
$407.2M → $104.2M
Operating margin
20.0% → 11.2%
Profit margin
13.5% → 3.9%
Measured against FY2024, from the 10-K filed Feb 25, 2026
Deteriorated: -50.0%
$602.6M to $301.2MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: -74.4%
$407.2M to $104.2MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
MUR fell 1.37% on the latest quote. The average Energy company tracked here moved −0.99%, and the S&P 500 −1.04%. That is in line with its sector and in line with the market.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to shrink by about 12% a year for the next 10 years. Over the last 6 years it grew by about 43% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 4 cents of every dollar of sales as profit, earning $104.2M last year.
No. Sales shrank 10.9% last year.
No. Its borrowings would take under a year of cash flow to clear. For every $1 it owes, it owns $2.14 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It paid out more than it earned — 179 cents for every dollar of profit. A payment above earnings has to be funded from somewhere else, so it is worth checking whether that can continue. It paid out 15% of the cash its operations generated. It has paid in each of the last 12 years.
WeakNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it earned $104.2M and generated $1.25B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 25, 2026Filing for FY2025 | FY202410-K · Feb 25, 2026Filing for FY2024 | FY202310-K · Feb 25, 2026Filing for FY2023 | FY202210-K · Feb 27, 2025Filing for FY2022 | FY202110-K · Feb 23, 2024Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $2.69B | $3.02B | $3.45B | $4.22B | $2.80B | −10.9% |
| Cost of revenue | $0.00 | $3.1M | $51.7M | $172.0M | $0.00 | −100.0% |
| Gross profit | $2.69B† | $3.02B† | $3.40B† | $4.05B† | $2.80B† | −10.8% |
| Gross marginGross profit ÷ revenueWhat is this? | 100.0% | 99.9% | 98.5% | 95.9% | 100.0% | +0.1 pts |
| Selling, general and administrative | $137.3M | $110.1M | $117.3M | $131.1M | $122.0M | +24.8% |
| Operating income | $301.2M | $602.6M | $1.04B | $1.59B | $281.4M | −50.0% |
| Operating marginOperating income ÷ revenueWhat is this? | 11.2% | 20.0% | 30.2% | 37.6% | 10.0% | −8.8 pts |
| Interest expense | $96.1M | $105.9M | $112.4M | $150.8M | $221.8M | −9.3% |
| Income before tax | $182.9M | $567.6M | $921.1M | $1.45B | $42.9M | −67.8% |
| Net income | $104.2M | $407.2M | $661.6M | $965.0M | -$73.7M | −74.4% |
| Net marginNet income ÷ revenueWhat is this? | 3.9% | 13.5% | 19.2% | 22.9% | -2.6% | −9.6 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $0.73 | $2.79 | $4.33 | $6.21 | $-0.4769 | −73.9% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Exercised stock options — 2,174 shares
Holds 269,104 shares after this filing.
Shares were sold back to the company — 2,174 shares at $31.51 ($68.5K)
Holds 266,930 shares after this filing.
Exercised stock options
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Made a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingWrite down why you are following MURPHY OIL CORP, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 37 subsidiaries named in its 10-K, incorporated across 35 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from MUR's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 25, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 7.0 | 6/9 | 10-K, filed Feb 25, 2026 |
| FY2024 | 8.0 | 6/9 | 10-K, filed Feb 27, 2025 |
| FY2023 | 8.0 | 7/9 | 10-K, filed Feb 23, 2024 |
| FY2022 | 10.0 | 8/9 | 10-K, filed Feb 27, 2023 |
| FY2021 | 6.0 | 6/8 | 10-K, filed Feb 25, 2022 |
| FY2020 | 2.0 | 4/8 | 10-K, filed Feb 26, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
3.43
In the safe zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.80
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: −8.8 pts
20.0% to 11.2%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −9.6 pts
13.5% to 3.9%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -73.9%
$2.79 to $0.73Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Changed: +260.4%
$8.1M to $29.0MCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Deteriorated: -29.2%
$1.72B to $1.22BSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: -10.9%
$3.02B to $2.69BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: -10.8%
$3.02B to $2.69BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: -10.9%
$423.6M to $377.2MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -2.1%
145.8M to 142.8MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 5, 2026 — read it.
Improved: +284.6%
$92.2M to $354.7MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +942.1%
$22.3M to $232.2MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +24.8 pts
13.5% to 38.3%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +21.8 pts
3.3% to 25.1%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +937.5%
$0.16 to $1.62Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +35.6%
$683.1M to $926.3MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +27.5%
$379.6M to $483.9MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 5, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +156.5%
$138.3M to $354.7MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +338.2%
$53.0M to $232.2MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +19.4 pts
18.9% to 38.3%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +17.8 pts
7.2% to 25.1%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +338.2%
$0.37 to $1.62Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +26.5%
$732.4M to $926.3MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +27.8%
$378.8M to $483.9MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
3 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between -13% and -10%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 7.3% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 19.9x — investors pay $19.9 for each $1 of trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
Holds 225,283 shares after this filing.
Had shares withheld to cover taxes — 3,459 shares at $33.42 ($115.6K)
Holds 221,824 shares after this filing.
Exercised stock options — 7,799 shares
Holds 229,623 shares after this filing.
Had shares withheld to cover taxes — 3,069 shares at $33.42 ($102.6K)
Holds 226,554 shares after this filing.
Exercised stock options — 25,115 shares
Holds 251,669 shares after this filing.
Had shares withheld to cover taxes — 9,883 shares at $33.42 ($330.3K)
Holds 241,786 shares after this filing.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Reported another event
Quarterly report for Q2 FY2026
Revenue +35.6% · Operating margin +24.8 pts · Operating income +284.6% — against Q2 FY2025
Read the filingPublished results
Read the filingHad a director or senior officer leave or join
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +8.9% · Operating margin −2.5 pts · Capital spending +1562.8% — against Q1 FY2025
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingAnnual report for FY2025
Revenue -10.9% · Operating margin −8.8 pts · Operating income -50.0% — against FY2024
Read the filingPublished results · Reported another event
Read the filingTook on a direct financial obligation · Reported another event
Read the filingTriggered early repayment on an obligation · Reported another event
Read the filingSigned a material agreement · Took on a direct financial obligation · Published results · Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2025
Operating margin −23.0 pts · Operating income -96.8% · Profit turned negative — against Q3 FY2024
Read the filingPublished results
Read the filingQuarterly report for Q2 FY2025
Revenue -14.7% · Operating margin −9.5 pts · Operating income -50.0% — against Q2 FY2024
Read the filingPublished results
Read the filingMade a Regulation FD disclosure
Read the filingSource: Exhibit 21 of the 10-K filed 2026-02-25. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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