Chord Energy vs California Resources
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The short version
- Chord Energy is the larger business, with $4.9B of revenue in fiscal 2025 against $3.7B for California Resources.
- California Resources grew revenue faster (14.7%, against −7.1%).
- California Resources kept more of each dollar of sales as operating profit (16.3% operating margin, against 4.1%).
- California Resources turned more of its sales into free cash flow (14.8% FCF margin, against 14.2%).
- California Resources earned a higher return on the capital invested in it (9.5%, against 1.1%).
| Latest fiscal year | CHRD · FY25 | CRC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.0B | $4.9B |
| Revenue | $4.9B | $3.7B |
| Free cash flow | $693M | $543M |
| Net income | $44.5M | $363M |
| Growth | ||
| Revenue growth | −7.1% | 14.7% |
| 5-year growth | 20.4% | 6.9% |
| Share count change | 9.7% | 7.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 4.1% | 16.3% |
| Net margin | 0.9% | 9.9% |
| FCF margin | 14.2% | 14.8% |
| Return on capital | 1.1% | 9.5% |
| Return on equity | 0.5% | 10.1% |
| Balance sheet | ||
| Net debt | $1.3B | $1.2B |
| Net debt / EBITDA | 0.8x | 1.0x |
| Dividends and buybacks | $683M | $513M |
| Valuation & quality | ||
| P/E | 10.6x | — |
| Piotroski F-score | 4 | 4 |
Revenue
FY15
CHRD —
CRC $2.4B
FY16
CHRD $705M
CRC $1.5B
FY17
CHRD $1.3B
CRC $2.0B
FY18
CHRD $2.3B
CRC $3.1B
FY19
CHRD $1.9B
CRC $2.6B
FY21
CHRD $1.6B
CRC $1.9B
FY22
CHRD $3.6B
CRC $2.7B
FY23
CHRD $3.9B
CRC $2.8B
FY24
CHRD $5.3B
CRC $3.2B
FY25
CHRD $4.9B
CRC $3.7B
CHRD
CRC
Operating margin
FY15
CHRD —
CRC −214.0%
FY16
CHRD −18.6%
CRC −18.9%
FY17
CHRD 11.1%
CRC 3.6%
FY18
CHRD 5.1%
CRC 25.1%
FY19
CHRD −4.7%
CRC 16.3%
FY21
CHRD 51.2%
CRC 15.5%
FY22
CHRD 43.4%
CRC 30.0%
FY23
CHRD 32.7%
CRC 28.9%
FY24
CHRD 21.0%
CRC 19.4%
FY25
CHRD 4.1%
CRC 16.3%
CHRD
CRC
Free cash flow
FY15
CHRD −$460M
CRC $2.0M
FY16
CHRD −$198M
CRC $55.0M
FY17
CHRD −$139M
CRC −$123M
FY18
CHRD −$153M
CRC −$229M
FY19
CHRD $23.6M
CRC $221M
FY21
CHRD $701M
CRC $466M
FY22
CHRD $1.4B
CRC $311M
FY23
CHRD $914M
CRC $468M
FY24
CHRD $918M
CRC $355M
FY25
CHRD $693M
CRC $543M
CHRD
CRC
Return on capital
FY15
CHRD −2.0%
CRC −57.3%
FY16
CHRD −2.1%
CRC −5.9%
FY17
CHRD 2.1%
CRC 1.2%
FY18
CHRD 1.5%
CRC 16.1%
FY19
CHRD −1.1%
CRC 8.8%
FY21
CHRD —
CRC —
FY22
CHRD 53.5%
CRC 27.1%
FY23
CHRD 20.2%
CRC 27.6%
FY24
CHRD 11.4%
CRC 13.8%
FY25
CHRD 1.1%
CRC 9.5%
CHRD
CRC
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.