Chord Energy vs Permian Resources
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KIRA’s take AI analyst
I put Chord Energy and Permian Resources side by side, using each one’s latest annual report. Here is what stands out:
- Permian Resources is the larger business, with $5.1B of revenue in fiscal 2025 against $4.9B for Chord Energy.
- Permian Resources grew revenue faster (1.3%, against −7.1%).
- Permian Resources kept more of each dollar of sales as operating profit (28.9% operating margin, against 4.1%).
- Permian Resources turned more of its sales into free cash flow (71.0% FCF margin, against 14.2%).
- Permian Resources earned a higher return on the capital invested in it (8.0%, against 1.1%).
- Investors pay more for each dollar of Permian Resources’s earnings: a P/E of 16.9x against 10.3x for Chord Energy.
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
Chord Energy
CHRD
0/9
Permian Resources
PR
8/9
Revenue growth5-year growthOperating marginNet marginFCF marginReturn on capitalReturn on equityShare count change
Side by side
Best in the row
| Latest fiscal year | CHRD FY25 | PR FY25 |
|---|---|---|
| Size | ||
| Market cap | $8.7B | $21.8B |
| Revenue | $4.9B | $5.1B |
| Free cash flow | $693M | $3.6B |
| Net income | $44.5M | $935M |
| Growth | ||
| Revenue growth | −7.1% | 1.3% |
| 5-year growth | 20.4% | 54.2% |
| Share count change | 9.7% | 6.8% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 4.1% | 28.9% |
| Net margin | 0.9% | 18.5% |
| FCF margin | 14.2% | 71.0% |
| Return on capital | 1.1% | 8.0% |
| Return on equity | 0.5% | 9.6% |
| Balance sheet | ||
| Net debt | $1.3B | $3.4B |
| Net debt / EBITDA | 0.8x | — |
| Dividends and buybacks | $683M | $448M |
| Valuation & quality | ||
| P/E | 10.3x | 16.9x |
| Piotroski F-score | 4 | 4 |
Ten years
Revenue
FY16
CHRD $705M
PR —
FY17
CHRD $1.3B
PR $430M
FY18
CHRD $2.3B
PR $891M
FY19
CHRD $1.9B
PR $944M
FY20
CHRD —
PR $581M
FY21
CHRD $1.6B
PR $1.0B
FY22
CHRD $3.6B
PR $2.1B
FY23
CHRD $3.9B
PR $3.1B
FY24
CHRD $5.3B
PR $5.0B
FY25
CHRD $4.9B
PR $5.1B
CHRD
PR
Operating margin
FY16
CHRD −18.6%
PR —
FY17
CHRD 11.1%
PR 26.5%
FY18
CHRD 5.1%
PR 31.8%
FY19
CHRD −4.7%
PR 8.4%
FY20
CHRD —
PR −134.4%
FY21
CHRD 51.2%
PR 36.0%
FY22
CHRD 43.4%
PR 47.3%
FY23
CHRD 32.7%
PR 35.1%
FY24
CHRD 21.0%
PR 34.9%
FY25
CHRD 4.1%
PR 28.9%
CHRD
PR
Free cash flow
FY16
CHRD −$198M
PR —
FY17
CHRD −$139M
PR $255M
FY18
CHRD −$153M
PR $664M
FY19
CHRD $23.6M
PR $555M
FY20
CHRD —
PR $170M
FY21
CHRD $701M
PR $525M
FY22
CHRD $1.4B
PR $1.4B
FY23
CHRD $914M
PR $2.2B
FY24
CHRD $918M
PR $3.4B
FY25
CHRD $693M
PR $3.6B
CHRD
PR
Return on capital
FY16
CHRD −2.1%
PR —
FY17
CHRD 2.1%
PR —
FY18
CHRD 1.5%
PR 6.2%
FY19
CHRD −1.1%
PR 1.4%
FY20
CHRD —
PR −15.4%
FY21
CHRD —
PR 10.2%
FY22
CHRD 53.5%
PR 15.4%
FY23
CHRD 20.2%
PR 9.0%
FY24
CHRD 11.4%
PR 10.3%
FY25
CHRD 1.1%
PR 8.0%
CHRD
PR
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.

