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Side-by-side financial comparison of MURPHY OIL CORP (MUR) and WEX Inc. (WEX). Click either name above to swap in a different company.

WEX Inc. is the larger business by last-quarter revenue ($652.7M vs $613.1M, roughly 1.1× MURPHY OIL CORP). WEX Inc. runs the higher net margin — 10.1% vs 1.9%, a 8.1% gap on every dollar of revenue. On growth, WEX Inc. posted the faster year-over-year revenue change (-3.1% vs -8.4%). Over the past eight quarters, WEX Inc.'s revenue compounded faster (16.8% CAGR vs -12.2%).

Murphy Oil Corporation is an American energy company engaged in hydrocarbon exploration headquartered in Houston, Texas.

WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The company is headquartered in Portland, Maine and provides services in the United States, Canada, South America, Europe, Asia, and Australia.

MUR vs WEX — Head-to-Head

Bigger by revenue
WEX
WEX
1.1× larger
WEX
$652.7M
$613.1M
MUR
Growing faster (revenue YoY)
WEX
WEX
+5.3% gap
WEX
-3.1%
-8.4%
MUR
Higher net margin
WEX
WEX
8.1% more per $
WEX
10.1%
1.9%
MUR
Faster 2-yr revenue CAGR
WEX
WEX
Annualised
WEX
16.8%
-12.2%
MUR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MUR
MUR
WEX
WEX
Revenue
$613.1M
$652.7M
Net Profit
$11.9M
$65.8M
Gross Margin
Operating Margin
9.7%
25.2%
Net Margin
1.9%
10.1%
Revenue YoY
-8.4%
-3.1%
Net Profit YoY
-76.3%
-15.3%
EPS (diluted)
$0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MUR
MUR
WEX
WEX
Q1 26
$652.7M
Q4 25
$613.1M
$465.1M
Q3 25
$721.0M
$481.6M
Q2 25
$683.0M
$454.4M
Q1 25
$672.7M
$444.3M
Q4 24
$669.6M
$440.3M
Q3 24
$753.2M
$479.0M
Q2 24
$801.0M
$478.6M
Net Profit
MUR
MUR
WEX
WEX
Q1 26
$65.8M
Q4 25
$11.9M
$84.2M
Q3 25
$-3.0M
$80.3M
Q2 25
$22.3M
$68.1M
Q1 25
$73.0M
$71.5M
Q4 24
$50.4M
$63.9M
Q3 24
$139.1M
$102.9M
Q2 24
$127.7M
$77.0M
Gross Margin
MUR
MUR
WEX
WEX
Q1 26
Q4 25
39.0%
Q3 25
43.0%
Q2 25
40.0%
Q1 25
39.2%
Q4 24
41.5%
Q3 24
48.0%
Q2 24
99.6%
44.9%
Operating Margin
MUR
MUR
WEX
WEX
Q1 26
25.2%
Q4 25
9.7%
35.7%
Q3 25
0.8%
38.1%
Q2 25
13.5%
34.5%
Q1 25
21.4%
35.4%
Q4 24
12.7%
35.7%
Q3 24
23.8%
41.0%
Q2 24
23.0%
35.1%
Net Margin
MUR
MUR
WEX
WEX
Q1 26
10.1%
Q4 25
1.9%
18.1%
Q3 25
-0.4%
16.7%
Q2 25
3.3%
15.0%
Q1 25
10.9%
16.1%
Q4 24
7.5%
14.5%
Q3 24
18.5%
21.5%
Q2 24
15.9%
16.1%
EPS (diluted)
MUR
MUR
WEX
WEX
Q1 26
Q4 25
$0.08
$2.38
Q3 25
$-0.02
$2.30
Q2 25
$0.16
$1.98
Q1 25
$0.50
$1.81
Q4 24
$0.35
$1.60
Q3 24
$0.93
$2.52
Q2 24
$0.83
$1.83

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MUR
MUR
WEX
WEX
Cash + ST InvestmentsLiquidity on hand
$377.2M
$780.0M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$5.1B
Total Assets
$9.8B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MUR
MUR
WEX
WEX
Q1 26
$780.0M
Q4 25
$377.2M
$5.2B
Q3 25
$426.0M
$4.9B
Q2 25
$379.6M
$4.9B
Q1 25
$392.9M
$4.4B
Q4 24
$423.6M
$4.4B
Q3 24
$271.2M
$4.3B
Q2 24
$333.6M
$4.0B
Total Debt
MUR
MUR
WEX
WEX
Q1 26
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Stockholders' Equity
MUR
MUR
WEX
WEX
Q1 26
Q4 25
$5.1B
$1.2B
Q3 25
$5.1B
$1.1B
Q2 25
$5.2B
$978.7M
Q1 25
$5.1B
$810.4M
Q4 24
$5.2B
$1.5B
Q3 24
$5.2B
$1.7B
Q2 24
$5.3B
$1.8B
Total Assets
MUR
MUR
WEX
WEX
Q1 26
Q4 25
$9.8B
$14.4B
Q3 25
$9.7B
$14.4B
Q2 25
$9.8B
$14.7B
Q1 25
$9.8B
$14.0B
Q4 24
$9.7B
$13.3B
Q3 24
$9.7B
$14.0B
Q2 24
$9.9B
$14.2B
Debt / Equity
MUR
MUR
WEX
WEX
Q1 26
Q4 25
0.27×
Q3 25
0.28×
Q2 25
0.28×
Q1 25
0.29×
Q4 24
0.25×
Q3 24
0.24×
Q2 24
0.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MUR
MUR
WEX
WEX
Operating Cash FlowLast quarter
$249.6M
Free Cash FlowOCF − Capex
$-9.2M
FCF MarginFCF / Revenue
-1.4%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
20.92×
TTM Free Cash FlowTrailing 4 quarters
$818.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MUR
MUR
WEX
WEX
Q1 26
Q4 25
$249.6M
$294.7M
Q3 25
$339.4M
$376.6M
Q2 25
$358.1M
$264.6M
Q1 25
$300.7M
$-481.6M
Q4 24
$433.6M
$638.4M
Q3 24
$429.0M
$3.3M
Q2 24
$467.7M
$-7.0M
Free Cash Flow
MUR
MUR
WEX
WEX
Q1 26
$-9.2M
Q4 25
$256.3M
Q3 25
$341.6M
Q2 25
$230.0M
Q1 25
$-514.2M
Q4 24
$599.7M
Q3 24
$-31.7M
Q2 24
$-46.6M
FCF Margin
MUR
MUR
WEX
WEX
Q1 26
-1.4%
Q4 25
55.1%
Q3 25
70.9%
Q2 25
50.6%
Q1 25
-115.7%
Q4 24
136.2%
Q3 24
-6.6%
Q2 24
-9.7%
Capex Intensity
MUR
MUR
WEX
WEX
Q1 26
5.2%
Q4 25
8.3%
Q3 25
7.3%
Q2 25
7.6%
Q1 25
7.3%
Q4 24
8.8%
Q3 24
7.3%
Q2 24
8.3%
Cash Conversion
MUR
MUR
WEX
WEX
Q1 26
Q4 25
20.92×
3.50×
Q3 25
4.69×
Q2 25
16.06×
3.89×
Q1 25
4.12×
-6.74×
Q4 24
8.61×
9.99×
Q3 24
3.08×
0.03×
Q2 24
3.66×
-0.09×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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