CHEVRON CORP (CVX) closed fiscal year 2025 with a gross margin of 42.8 % and a net margin of 6.5 %.
CHEVRON CORP (CVX) closed fiscal year 2025 with a gross margin of 42.8 % and a net margin of 6.5 %. The same year shows an EBITDA margin of 21.9 % and an EBIT margin of 11.1 %. The free cash flow margin was 8.8 %. Against the previous year the gross margin moved +1.5 pp and the net margin −2.2 pp. Across the period the gross margin ranges between 40.7 % in 2023 and 48.2 % in 2016. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | 48.18 % | 46.54 % | 43.14 % | 45.32 % | 44.93 % | 43.22 % | 40.95 % | 40.68 % | 41.22 % | 42.75 % |
| EBITDA margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 26.59 % | 23.79 % | 22.59 % | 21.91 % |
| EBIT margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 20.38 % | 14.96 % | 13.86 % | 11.09 % |
| Net margin (%) | 8.46 % | 8.77 % | 6.11 % | 9.28 % | 10.60 % | 10.82 % | 9.36 % | 9.08 % | 3.31 % | -0.43 % | 6.49 % | 8.91 % | 2.00 % | -5.85 % | 9.62 % | 14.40 % | 10.63 % | 8.71 % | 6.51 % |
| FCF margin (%) | 3.76 % | 3.65 % | -0.27 % | 5.73 % | 5.75 % | 3.25 % | -1.30 % | -1.85 % | -7.26 % | -4.73 % | 4.89 % | 10.12 % | 9.01 % | 1.75 % | 13.01 % | 15.28 % | 9.84 % | 7.42 % | 8.78 % |
