Comprehensive Stock Comparison
Compare APA Corporation (APA) vs California Resources Corporation (CRC) vs Infinity Natural Resources, Inc. (INR) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | INR | 60.2% revenue growth vs APA's -8.4% |
| Value | INR | Lower P/E (6.1x vs 45.3x) |
| Quality / Margins | APA | 16.1% net margin vs INR's -0.6% |
| Stability / Safety | INR | Beta 1.05 vs APA's 1.55 |
| Dividends | CRC | 2.4% yield; 3-year raise streak; APA, INR pay no meaningful dividend |
| Momentum (1Y) | APA | +51.5% vs INR's -7.7% |
| Efficiency (ROA) | APA | 8.1% ROA vs INR's -0.2%, ROIC 14.9% vs 10.1% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
APA Corporation is an independent oil and gas exploration and production company with operations primarily in the United States, Egypt, and the United Kingdom. It generates revenue from oil and natural gas sales — with production roughly split between U.S. onshore assets (primarily the Permian Basin) and international operations — supplemented by midstream income from its West Texas gathering and pipeline assets. The company's competitive advantage lies in its diversified geographic portfolio, which provides operational resilience, and its established position in the prolific Permian Basin.
California Resources Corporation is an independent oil and natural gas exploration and production company focused exclusively on California. It generates revenue primarily from crude oil sales (~60%), natural gas and natural gas liquids (~25%), and electricity generation from its cogeneration facilities (~15%). The company's key advantage is its extensive mineral acreage position—approximately 1.9 million net acres—in a mature, high-barrier-to-entry California market with established infrastructure.
Infinity Natural Resources is an independent oil and gas exploration and production company focused on developing shale resources in the Appalachian Basin. It generates revenue primarily from selling crude oil, natural gas, and natural gas liquids extracted from its Utica and Marcellus shale acreage in Ohio and Pennsylvania. The company's competitive advantage lies in its concentrated acreage position in prolific shale plays — particularly its approximately 63,000 net acres in the Utica Shale — which provides operational scale and resource density.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 3 stocks. BestLagging
Financial Scorecard
APA leads in 2 of 6 categories (Financial Metrics, Profitability & Efficiency). CRC leads in 1 (Total Returns). 2 tied.
Financial Metrics (TTM)
APA is the larger business by revenue, generating $8.9B annually — 28.9x INR's $308M. APA is the more profitable business, keeping 16.1% of every revenue dollar as net income compared to INR's -0.6%. On growth, INR holds the edge at +15.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | APAAPA Corporation | CRCCalifornia Resour… | INRInfinity Natural … |
|---|---|---|---|
| RevenueTrailing 12 months | $8.9B | $3.5B | $308M |
| EBITDAEarnings before interest/tax | $5.2B | $1.4B | $76M |
| Net IncomeAfter-tax profit | $1.4B | $384M | -$2M |
| Free Cash FlowCash after capex | $2.4B | $545M | -$124M |
| Gross MarginGross profit ÷ Revenue | +38.1% | +37.9% | +53.0% |
| Operating MarginEBIT ÷ Revenue | +30.9% | +21.2% | -4.6% |
| Net MarginNet income ÷ Revenue | +16.1% | +10.9% | -0.6% |
| FCF MarginFCF ÷ Revenue | +26.6% | +15.4% | -40.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | -26.6% | -11.9% | +15.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -17.7% | -79.9% | -80.8% |
Valuation Metrics
At 4.5x trailing earnings, INR trades at a 65% valuation discount to CRC's 12.7x P/E. On an enterprise value basis, APA's 2.8x EV/EBITDA is more attractive than CRC's 4761.3x.
| Metric | APAAPA Corporation | CRCCalifornia Resour… | INRInfinity Natural … |
|---|---|---|---|
| Market CapShares × price | $10.8B | $5.36T | $751.1B |
| Enterprise ValueMkt cap + debt − cash | $14.5B | $5.36T | $751.4B |
| Trailing P/EPrice ÷ TTM EPS | 7.61x | 12.74x | 4.46x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.39x | 45.26x | 6.08x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — |
| EV / EBITDAEnterprise value multiple | 2.75x | 4761.27x | 4486.84x |
| Price / SalesMarket cap ÷ Revenue | 1.21x | 1812.76x | 2899.82x |
| Price / BookPrice ÷ Book value/share | 0.91x | 1.35x | 0.43x |
| Price / FCFMarket cap ÷ FCF | 6.05x | 9999.00x | — |
Profitability & Efficiency
APA delivers a 11.9% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $-0 for INR. CRC carries lower financial leverage with a 0.35x debt-to-equity ratio, signaling a more conservative balance sheet compared to INR's 0.51x. On the Piotroski fundamental quality scale (0–9), APA scores 6/9 vs CRC's 3/9, reflecting solid financial health.
| Metric | APAAPA Corporation | CRCCalifornia Resour… | INRInfinity Natural … |
|---|---|---|---|
| ROE (TTM)Return on equity | +11.9% | +11.2% | -0.2% |
| ROA (TTM)Return on assets | +8.1% | +5.7% | -0.2% |
| ROICReturn on invested capital | +14.9% | +14.5% | +10.1% |
| ROCEReturn on capital employed | +17.3% | +13.7% | +13.3% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 3 | 6 |
| Debt / EquityFinancial leverage | 0.36x | 0.35x | 0.51x |
| Net DebtTotal debt minus cash | $3.8B | $851M | $259M |
| Cash & Equiv.Liquid assets | $516M | $372M | $2M |
| Total DebtShort + long-term debt | $4.3B | $1.2B | $261M |
| Interest CoverageEBIT ÷ Interest expense | 11.87x | 5.95x | -0.49x |
Total Returns (with DRIP)
A $10,000 investment in CRC five years ago would be worth $24,361 today (with dividends reinvested), compared to $17,601 for APA. Over the past 12 months, APA leads with a +51.5% total return vs INR's -7.7%. The 3-year compound annual growth rate (CAGR) favors CRC at 14.3% vs APA's -4.6% — a key indicator of consistent wealth creation.
| Metric | APAAPA Corporation | CRCCalifornia Resour… | INRInfinity Natural … |
|---|---|---|---|
| YTD ReturnYear-to-date | +20.7% | +26.8% | +12.8% |
| 1-Year ReturnPast 12 months | +51.5% | +35.4% | -7.7% |
| 3-Year ReturnCumulative with dividends | -13.1% | +49.2% | — |
| 5-Year ReturnCumulative with dividends | +76.0% | +143.6% | — |
| 10-Year ReturnCumulative with dividends | +0.5% | +1037.4% | — |
| CAGR (3Y)Annualised 3-year return | -4.6% | +14.3% | — |
Risk & Volatility
INR is the less volatile stock with a 1.05 beta — it tends to amplify market swings less than APA's 1.55 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. APA currently trades 99.9% from its 52-week high vs INR's 83.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | APAAPA Corporation | CRCCalifornia Resour… | INRInfinity Natural … |
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.55x | 1.26x | 1.05x |
| 52-Week HighHighest price in past year | $30.39 | $60.03 | $19.90 |
| 52-Week LowLowest price in past year | $13.58 | $30.97 | $11.13 |
| % of 52W HighCurrent price vs 52-week peak | +99.9% | +98.0% | +83.4% |
| RSI (14)Momentum oscillator 0–100 | 61.6 | 61.0 | 50.6 |
| Avg Volume (50D)Average daily shares traded | 5.1M | 696K | 153K |
Analyst Outlook
Analyst consensus: APA as "Hold", CRC as "Buy", INR as "Buy". Consensus price targets imply 20.5% upside for INR (target: $20) vs -8.6% for APA (target: $28). CRC is the only dividend payer here at 2.36% yield — a key consideration for income-focused portfolios.
| Metric | APAAPA Corporation | CRCCalifornia Resour… | INRInfinity Natural … |
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | $27.75 | $65.71 | $20.00 |
| # AnalystsCovering analysts | 51 | 23 | 6 |
| Dividend YieldAnnual dividend ÷ price | — | +2.4% | — |
| Dividend StreakConsecutive years of raises | 3 | 3 | — |
| Dividend / ShareAnnual DPS | — | $1.39 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.0% | 0.0% |
Historical Charts
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Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 25 | Feb 26 | Change |
|---|---|---|---|
| APA Corporation (APA) | 100 | 120.59 | +20.6% |
| California Resource… (CRC) | 100 | 108.92 | +8.9% |
| Infinity Natural Re… (INR) | ∞ | ∞ | NaN% |
Infinity Natural Re… (INR) returned +InfinityK% over 5 years vs APA Corporation (APA)'s +76%. A $10,000 investment in INR 5 years ago would be worth $∞ today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| APA Corporation (APA) | $5.4B | $8.9B | +66.2% |
| California Resource… (CRC) | $1.8B | $3.0B | +68.7% |
| Infinity Natural Re… (INR) | $143M | $259M | +80.9% |
APA Corporation's revenue grew from $5.4B (2016) to $8.9B (2025) — a 5.8% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| APA Corporation (APA) | -26.2% | 16.1% | +161.4% |
| California Resource… (CRC) | 15.9% | 12.7% | -20.1% |
| Infinity Natural Re… (INR) | 47.6% | 19.0% | -60.0% |
APA Corporation's net margin went from -26% (2016) to 16% (2025).
Chart 4P/E Ratio History — 8 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| APA Corporation (APA) | 12.4 | 6.1 | -50.8% |
| California Resource… (CRC) | 2.5 | 11.2 | +348.0% |
APA Corporation has traded in a 4x–263x P/E range over 7 years; current trailing P/E is ~8x. California Resources Corporation has traded in a 1x–11x P/E range over 6 years; current trailing P/E is ~13x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| APA Corporation (APA) | -3.71 | 3.99 | +207.5% |
| California Resource… (CRC) | 6.76 | 4.62 | -31.7% |
| Infinity Natural Re… (INR) | 1.16 | 3.72 | +220.7% |
APA Corporation's EPS grew from $-3.71 (2016) to $3.99 (2025).
Chart 6Free Cash Flow — 5 Years
APA Corporation generated $2B FCF in 2025 (-25% vs 2021). California Resources Corporation generated $350M FCF in 2024 (-25% vs 2021).
APA vs CRC vs INR: Key Questions Answered
9 questions · data-driven answers · updated daily
01Is APA or CRC or INR a better buy right now?
Infinity Natural Resources, Inc. (INR) offers the better valuation at 4.5x trailing P/E (6.1x forward), making it the more compelling value choice. Analysts rate California Resources Corporation (CRC) a "Buy" — based on 23 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — APA or CRC or INR?
On trailing P/E, Infinity Natural Resources, Inc. (INR) is the cheapest at 4.5x versus California Resources Corporation at 12.7x. On forward P/E, Infinity Natural Resources, Inc. is actually cheaper at 6.1x.
03Which is the better long-term investment — APA or CRC or INR?
Over the past 5 years, California Resources Corporation (CRC) delivered a total return of +143.6%, compared to +76.0% for APA Corporation (APA). A $10,000 investment in CRC five years ago would be worth approximately $24K today (assuming dividends reinvested). Over 10 years, the gap is even starker: CRC returned +1037% versus APA's +0.5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — APA or CRC or INR?
By beta (market sensitivity over 5 years), Infinity Natural Resources, Inc. (INR) is the lower-risk stock at 1.05β versus APA Corporation's 1.55β — meaning APA is approximately 48% more volatile than INR relative to the S&P 500. On balance sheet safety, California Resources Corporation (CRC) carries a lower debt/equity ratio of 35% versus 51% for Infinity Natural Resources, Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — APA or CRC or INR?
Infinity Natural Resources, Inc. (INR) is the more profitable company, earning 19.0% net margin versus 12.7% for California Resources Corporation — meaning it keeps 19.0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: INR leads at 36.2% versus 22.0% for CRC. At the gross margin level — before operating expenses — INR leads at 52.1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is APA or CRC or INR more undervalued right now?
On forward earnings alone, Infinity Natural Resources, Inc. (INR) trades at 6.1x forward P/E versus 45.3x for California Resources Corporation — 39.2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for INR: 20.5% to $20.00.
07Which pays a better dividend — APA or CRC or INR?
In this comparison, CRC (2.4% yield) pays a dividend. APA, INR do not pay a meaningful dividend and should not be held primarily for income.
08Is APA or CRC or INR better for a retirement portfolio?
For long-horizon retirement investors, California Resources Corporation (CRC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.26), 2.4% yield, +1037% 10Y return). APA Corporation (APA) carries a higher beta of 1.55 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CRC: +1037%, APA: +0.5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between APA and CRC and INR?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. CRC pays a dividend while APA, INR do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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