California Resources vs Crescent Energy
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KIRAβs take AI analyst
I put California Resources and Crescent Energy side by side, using each oneβs latest annual report. Here is what stands out:
- California Resources is the larger business, with $3.7B of revenue in fiscal 2025 against $3.6B for Crescent Energy.
- Crescent Energy grew revenue faster (22.1%, against 14.7%).
- California Resources kept more of each dollar of sales as operating profit (16.3% operating margin, against 6.4%).
- California Resources earned a higher return on the capital invested in it (9.5%, against 2.3%).
Who comes out ahead
Of the 7 measures where higher (or lower) is clearly better, how many each company leads.
California Resources
CRC
5/7
Operating marginNet marginReturn on capitalReturn on equityNet debt / EBITDA
Crescent Energy
CRGY
2/7
Revenue growth5-year growth
Side by side
Best in the row
| Latest fiscal year | CRC FY25 | CRGY FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.8B | β |
| Revenue | $3.7B | $3.6B |
| Free cash flow | $543M | β |
| Net income | $363M | $133M |
| Growth | ||
| Revenue growth | 14.7% | 22.1% |
| 5-year growth | 6.9% | 36.5% |
| Share count change | 7.4% | β |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | 16.3% | 6.4% |
| Net margin | 9.9% | 3.7% |
| FCF margin | 14.8% | β |
| Return on capital | 9.5% | 2.3% |
| Return on equity | 10.1% | 3.2% |
| Balance sheet | ||
| Net debt | $1.2B | $5.5B |
| Net debt / EBITDA | 1.0x | 4.0x |
| Dividends and buybacks | $513M | $149M |
| Valuation & quality | ||
| P/E | β | β |
| Piotroski F-score | 4 | β |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.