Comprehensive Stock Comparison

Compare Evolution Petroleum Corporation (EPM) vs California Resources Corporation (CRC) Stock

Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.

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Quick Verdict

CategoryWinnerWhy
GrowthCRC5.1% revenue growth vs EPM's -0.0%
ValueCRCLower P/E (45.3x vs 131.9x)
Quality / MarginsCRC10.9% net margin vs EPM's 3.6%
Stability / SafetyEPMBeta 0.69 vs CRC's 1.26
DividendsEPM11.0% yield, 4-year raise streak, vs CRC's 2.4%
Momentum (1Y)CRC+35.4% vs EPM's -1.8%
Efficiency (ROA)CRC5.7% ROA vs EPM's 1.8%, ROIC 14.5% vs 2.8%
Bottom line: CRC leads in 5 of 7 categories, making it the stronger pick for investors who prioritize growth and revenue expansion and valuation and capital efficiency. Evolution Petroleum Corporation is the better choice for capital preservation and lower volatility and dividend income and shareholder returns. As direct sector peers, they can serve as alternatives in the same portfolio allocation.

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

EPMEvolution Petroleum Corporation
Energy

Evolution Petroleum is an independent oil and natural gas company focused on developing and producing from mature oil fields in the United States. It generates revenue primarily from oil and gas production — with its main asset being a CO₂ enhanced oil recovery project in Louisiana's Delhi field — supplemented by interests in other fields in Wyoming and Texas. The company's key advantage is its specialized expertise in enhanced oil recovery techniques that extend the productive life of mature fields, creating value from assets that larger operators might overlook.

CRCCalifornia Resources Corporation
Energy

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.

Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

EPMEvolution Petroleum Corporation
FY 2025
Crude Oil
59.5%$51M
Natural Gas
27.4%$24M
Natural Gas Liquids
13.1%$11M
CRCCalifornia Resources Corporation
FY 2024
Natural Gas, Production
54.5%$128M
Oil and Condensate
42.1%$99M
Propane
3.4%$8M

Financial Metrics Comparison

Side-by-side fundamentals across 2 stocks. BestLagging

Financial Scorecard

CRC 3EPM 1
Financial MetricsCRC4/6 metrics
Valuation MetricsTie3/6 metrics
Profitability & EfficiencyCRC6/9 metrics
Total ReturnsCRC6/6 metrics
Risk & VolatilityTie1/2 metrics
Analyst OutlookEPM2/2 metrics

CRC leads in 3 of 6 categories (Financial Metrics, Profitability & Efficiency). EPM leads in 1 (Analyst Outlook). 2 tied.

Financial Metrics (TTM)

CRC is the larger business by revenue, generating $3.5B annually — 41.2x EPM's $86M. CRC is the more profitable business, keeping 10.9% of every revenue dollar as net income compared to EPM's 3.6%. On growth, EPM holds the edge at +2.0% YoY revenue growth, suggesting stronger near-term business momentum.

MetricEPMEvolution Petrole…CRCCalifornia Resour…
RevenueTrailing 12 months$86M$3.5B
EBITDAEarnings before interest/tax$26M$1.4B
Net IncomeAfter-tax profit$3M$384M
Free Cash FlowCash after capex$13M$545M
Gross MarginGross profit ÷ Revenue+22.8%+37.9%
Operating MarginEBIT ÷ Revenue+4.1%+21.2%
Net MarginNet income ÷ Revenue+3.6%+10.9%
FCF MarginFCF ÷ Revenue+15.3%+15.4%
Rev. Growth (YoY)Latest quarter vs prior year+2.0%-11.9%
EPS Growth (YoY)Latest quarter vs prior year+152.2%-79.9%
CRC leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

At 12.7x trailing earnings, CRC trades at a 91% valuation discount to EPM's 134.6x P/E. On an enterprise value basis, EPM's 7.3x EV/EBITDA is more attractive than CRC's 4761.3x.

MetricEPMEvolution Petrole…CRCCalifornia Resour…
Market CapShares × price$156M$5.36T
Enterprise ValueMkt cap + debt − cash$192M$5.36T
Trailing P/EPrice ÷ TTM EPS134.64x12.74x
Forward P/EPrice ÷ next-FY EPS est.131.86x45.26x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple7.32x4761.27x
Price / SalesMarket cap ÷ Revenue1.82x1812.76x
Price / BookPrice ÷ Book value/share2.07x1.35x
Price / FCFMarket cap ÷ FCF13.71x9999.00x
Evenly matched — EPM and CRC each lead in 3 of 6 comparable metrics.

Profitability & Efficiency

CRC delivers a 11.2% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $5 for EPM. CRC carries lower financial leverage with a 0.35x debt-to-equity ratio, signaling a more conservative balance sheet compared to EPM's 0.52x. On the Piotroski fundamental quality scale (0–9), EPM scores 5/9 vs CRC's 3/9, reflecting solid financial health.

MetricEPMEvolution Petrole…CRCCalifornia Resour…
ROE (TTM)Return on equity+4.6%+11.2%
ROA (TTM)Return on assets+1.8%+5.7%
ROICReturn on invested capital+2.8%+14.5%
ROCEReturn on capital employed+2.9%+13.7%
Piotroski ScoreFundamental quality 0–953
Debt / EquityFinancial leverage0.52x0.35x
Net DebtTotal debt minus cash$35M$851M
Cash & Equiv.Liquid assets$3M$372M
Total DebtShort + long-term debt$38M$1.2B
Interest CoverageEBIT ÷ Interest expense2.40x5.95x
CRC leads this category, winning 6 of 9 comparable metrics.

Total Returns (with DRIP)

A $10,000 investment in CRC five years ago would be worth $24,361 today (with dividends reinvested), compared to $18,640 for EPM. Over the past 12 months, CRC leads with a +35.4% total return vs EPM's -1.8%. The 3-year compound annual growth rate (CAGR) favors CRC at 14.3% vs EPM's -3.2% — a key indicator of consistent wealth creation.

MetricEPMEvolution Petrole…CRCCalifornia Resour…
YTD ReturnYear-to-date+22.8%+26.8%
1-Year ReturnPast 12 months-1.8%+35.4%
3-Year ReturnCumulative with dividends-9.2%+49.2%
5-Year ReturnCumulative with dividends+86.4%+143.6%
10-Year ReturnCumulative with dividends+86.6%+1037.4%
CAGR (3Y)Annualised 3-year return-3.2%+14.3%
CRC leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

EPM is the less volatile stock with a 0.69 beta — it tends to amplify market swings less than CRC's 1.26 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CRC currently trades 98.0% from its 52-week high vs EPM's 78.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricEPMEvolution Petrole…CRCCalifornia Resour…
Beta (5Y)Sensitivity to S&P 5000.69x1.26x
52-Week HighHighest price in past year$5.70$60.03
52-Week LowLowest price in past year$3.19$30.97
% of 52W HighCurrent price vs 52-week peak+78.4%+98.0%
RSI (14)Momentum oscillator 0–10059.561.0
Avg Volume (50D)Average daily shares traded375K696K
Evenly matched — EPM and CRC each lead in 1 of 2 comparable metrics.

Analyst Outlook

Wall Street rates EPM as "Buy" and CRC as "Buy". Consensus price targets imply 15.2% upside for EPM (target: $5) vs 11.7% for CRC (target: $66). For income investors, EPM offers the higher dividend yield at 10.97% vs CRC's 2.36%.

MetricEPMEvolution Petrole…CRCCalifornia Resour…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$5.15$65.71
# AnalystsCovering analysts823
Dividend YieldAnnual dividend ÷ price+11.0%+2.4%
Dividend StreakConsecutive years of raises43
Dividend / ShareAnnual DPS$0.49$1.39
Buyback YieldShare repurchases ÷ mkt cap+0.3%+0.0%
EPM leads this category, winning 2 of 2 comparable metrics.

Historical Charts

Charts are rendered on first load. Hover for details.

Chart 1Total Return — 5 Years (Rebased to 100)

StockMar 20Feb 26Change
Evolution Petroleum… (EPM)10078.08-21.9%
California Resource… (CRC)100843.06+743.1%

California Resource… (CRC) returned +144% over 5 years vs Evolution Petroleum… (EPM)'s +86%. A $10,000 investment in CRC 5 years ago would be worth $24,361 today (including dividends reinvested).

Chart 2Revenue Growth — 10 Years

Stock20162025Change
Evolution Petroleum… (EPM)$26M$86M+225.8%
California Resource… (CRC)$1.8B$3.0B+68.7%

Evolution Petroleum Corporation's revenue grew from $26M (2016) to $86M (2025) — a 14.0% CAGR.

Chart 3Net Margin Trend — 10 Years

Stock20162025Change
Evolution Petroleum… (EPM)93.6%1.7%-98.2%
California Resource… (CRC)15.9%12.7%-20.1%

Evolution Petroleum Corporation's net margin went from 94% (2016) to 2% (2025).

Chart 4P/E Ratio History — 9 Years

Stock20172025Change
Evolution Petroleum… (EPM)32.6106.6+227.0%
California Resource… (CRC)2.511.2+348.0%

Evolution Petroleum Corporation has traded in a 6x–107x P/E range over 8 years; current trailing P/E is ~135x. 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

Stock20162025Change
Evolution Petroleum… (EPM)0.730.03-95.5%
California Resource… (CRC)6.764.62-31.7%

Evolution Petroleum Corporation's EPS grew from $0.73 (2016) to $0.03 (2025) — a -29% CAGR.

Chart 6Free Cash Flow — 5 Years

2021
$-14M
$466M
2022
$-2M
$311M
2023
$44M
$460M
2024
$-27M
$350M
2025
$11M
Evolution Petroleum… (EPM)California Resource… (CRC)

Evolution Petroleum Corporation generated $11M FCF in 2025 (+181% vs 2021). California Resources Corporation generated $350M FCF in 2024 (-25% vs 2021).

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EPM vs CRC: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is EPM or CRC a better buy right now?

California Resources Corporation (CRC) offers the better valuation at 12.7x trailing P/E (45.3x forward), making it the more compelling value choice. Analysts rate Evolution Petroleum Corporation (EPM) a "Buy" — based on 8 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.

02

Which has the better valuation — EPM or CRC?

On trailing P/E, California Resources Corporation (CRC) is the cheapest at 12.7x versus Evolution Petroleum Corporation at 134.6x. On forward P/E, California Resources Corporation is actually cheaper at 45.3x.

03

Which is the better long-term investment — EPM or CRC?

Over the past 5 years, California Resources Corporation (CRC) delivered a total return of +143.6%, compared to +86.4% for Evolution Petroleum Corporation (EPM). 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 EPM's +86.6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — EPM or CRC?

By beta (market sensitivity over 5 years), Evolution Petroleum Corporation (EPM) is the lower-risk stock at 0.69β versus California Resources Corporation's 1.26β — meaning CRC is approximately 84% more volatile than EPM relative to the S&P 500. On balance sheet safety, California Resources Corporation (CRC) carries a lower debt/equity ratio of 35% versus 52% for Evolution Petroleum Corporation — giving it more financial flexibility in a downturn.

05

Which has better profit margins — EPM or CRC?

California Resources Corporation (CRC) is the more profitable company, earning 12.7% net margin versus 1.7% for Evolution Petroleum Corporation — meaning it keeps 12.7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CRC leads at 22.0% versus 4.9% for EPM. At the gross margin level — before operating expenses — CRC leads at 40.6%, 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.

06

Is EPM or CRC more undervalued right now?

On forward earnings alone, California Resources Corporation (CRC) trades at 45.3x forward P/E versus 131.9x for Evolution Petroleum Corporation — 86.6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for EPM: 15.2% to $5.15.

07

Which pays a better dividend — EPM or CRC?

All stocks in this comparison pay dividends. Evolution Petroleum Corporation (EPM) offers the highest yield at 11.0%, versus 2.4% for California Resources Corporation (CRC).

08

Is EPM or CRC 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). Both have compounded well over 10 years (CRC: +1037%, EPM: +86.6%), 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.

09

What are the main differences between EPM and CRC?

Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: EPM is a small-cap income-oriented stock; CRC is a mega-cap deep-value stock. 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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  • Market Cap > $100B
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Better Than Both

Find stocks that beat EPM and CRC on the metrics you choose

Revenue Growth>
%
(EPM: 2.0% · CRC: -11.9%)
Net Margin>
%
(EPM: 3.6% · CRC: 10.9%)
P/E Ratio<
x
(EPM: 134.6x · CRC: 12.7x)