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Shell stock: key metrics
SHELShell had an operating margin of 10.3% and a return on invested capital (ROIC) of 7.2% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 17.0% | 11.8% | 8.0% |
| 2007 | 16.1% | 11.5% | 8.8% |
| 2008 | 17.3% | 10.1% | 5.6% |
| 2009 | 19.9% | 7.6% | 4.4% |
| 2010 | 12.2% | 7.1% | 5.5% |
| 2011 | 12.8% | 9.1% | 6.6% |
| 2012 | 12.1% | 8.1% | 5.7% |
| 2013 | 10.7% | 6.0% | 3.6% |
| 2014 | 9.3% | 4.7% | 3.6% |
| 2015 | 5.9% | −1.2% | 0.7% |
| 2016 | 7.5% | 1.0% | 2.0% |
| 2017 | 9.5% | 5.1% | 4.3% |
| 2018 | 11.6% | 8.0% | 6.0% |
| 2019 | 10.7% | 6.7% | 4.6% |
| 2020 | −7.2% | −14.1% | −12.0% |
| 2021 | 13.7% | 8.5% | 7.7% |
| 2022 | 20.7% | 16.6% | 11.1% |
| 2023 | 14.9% | 9.7% | 6.1% |
| 2024 | 16.2% | 10.5% | 5.7% |
| 2025 | 15.9% | 10.3% | 6.7% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 24.1% | 18.3% | 10.8% |
| 2007 | 25.3% | 20.1% | 11.6% |
| 2008 | 20.6% | 18.0% | 9.3% |
| 2009 | 9.2% | 8.7% | 4.3% |
| 2010 | 13.6% | 8.8% | 6.2% |
| 2011 | 18.2% | 12.6% | 9.0% |
| 2012 | 15.2% | 10.3% | 7.6% |
| 2013 | 9.1% | 6.5% | 4.6% |
| 2014 | 8.8% | 5.0% | 4.3% |
| 2015 | 1.2% | −1.7% | 0.6% |
| 2016 | 2.5% | 0.9% | 1.1% |
| 2017 | 6.7% | 4.4% | 3.2% |
| 2018 | 11.8% | 8.1% | 5.8% |
| 2019 | 8.5% | 5.7% | 3.9% |
| 2020 | −14.0% | −8.0% | −5.7% |
| 2021 | 11.7% | 6.7% | 5.0% |
| 2022 | 22.2% | 18.0% | 9.6% |
| 2023 | 10.4% | 7.9% | 4.8% |
| 2024 | 9.0% | 7.4% | 4.2% |
| 2025 | 10.2% | 7.2% | 4.8% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 2 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.