Shell vs TotalEnergies
Shell reported revenue of $266.9 billion in fiscal 2025, 1.3 times TotalEnergies' $201.2 billion in fiscal 2025. Shell's revenue fell 6.1% in its latest year, and TotalEnergies' fell 6.2%.
Side by side
| Shell | TotalEnergies | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $266.9B | $201.2B |
| Revenue growth | −6.1% | −6.2% |
| Revenue growth a year, last 5 years | 8.1% | 7.4% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 6.7% | 6.5% |
| Free cash flow | — | — |
| Free cash flow margin | — | — |
| Return on capital | 9.6% | 10.1% |
| Net debt to EBITDA | 0.8x | — |
| Dividends and buybacks | $22.4B | $15.8B |
| Change in diluted share count | −6.5% | — |
| Last close | $106.91 | $93.76 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | — | — |
| Piotroski F-score | 5 of 8 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
ShellTotalEnergies
Operating margin
Percent of revenue
ShellTotalEnergies
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
ShellTotalEnergies
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Shell and TotalEnergies pages.