Eog Resources Inc. (EOG) intrinsic value & 10-year financials
Eog Resources Inc. (EOG) has a Graham intrinsic value of $214.02 per share. At $158.01 on Oct 17, 2026, the stock trades 26% below that value. Over the last 10 fiscal years revenue grew 12.8% a year to $22.6B, with an average return on invested capital of 14.7%.
- Graham intrinsic value
- $214.02
- Share price (Oct 17, 2026)
- $158.01
- Price vs Graham value
- 26% below
- Market cap
- $86.3B
- Revenue (FY2025)
- $22.6B
- Revenue growth (10-yr CAGR)
- 12.8%
- ROIC (10-yr avg)
- 14.7%
- Free cash flow (FY2025)
- $9.6B
EOG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $22.6B | $5.0B | $9.12 | $9.6B | 28.2% | 15.9% |
| FY2024 | $23.7B | $6.4B | $11.25 | $11.1B | 34.1% | 22.8% |
| FY2023 | $24.2B | $7.6B | $13.00 | $10.5B | 39.7% | 28.9% |
| FY2022 | $25.7B | $7.8B | $13.22 | $10.7B | 38.8% | 32.9% |
| FY2021 | $18.6B | $4.7B | $7.99 | $8.6B | 32.7% | 21.0% |
| FY2020 | $11.0B | -$604.6M | -$1.04 | $4.8B | -4.9% | -1.9% |
| FY2019 | $17.4B | $2.7B | $4.71 | $7.9B | 21.3% | 11.7% |
| FY2018 | $17.3B | $3.4B | $5.89 | $7.5B | 25.9% | 15.8% |
| FY2017 | $11.2B | $2.6B | $4.46 | $4.1B | 8.3% | 4.5% |
| FY2016 | $7.7B | -$1.1B | -$1.98 | $2.3B | -16.0% | -4.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
EOG Resources is a consistent compounder, expanding top-line revenue at 12.8% annually over the past decade.
EOG Resources returns on capital have been average, hovering around 14.7% ROIC over the decade.
EOG Resources has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, EOG Resources is modeled at 9.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $214.02 per share.