Comprehensive Stock Comparison
Compare Chord Energy Corporation (CHRD) 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
| Category | Winner | Why |
|---|---|---|
| Growth | CRC | 5.1% revenue growth vs CHRD's -7.1% |
| Value | CHRD | Lower P/E (22.6x vs 45.3x) |
| Quality / Margins | CRC | 10.9% net margin vs CHRD's 9.1% |
| Stability / Safety | CRC | Beta 1.26 vs CHRD's 1.27 |
| Dividends | CHRD | 5.1% yield, vs CRC's 2.4% |
| Momentum (1Y) | CRC | +35.4% vs CHRD's -0.6% |
| Efficiency (ROA) | CRC | 5.7% ROA vs CHRD's 3.4%, ROIC 14.5% vs 1.6% |
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
Chord Energy is an independent oil and gas exploration and production company focused on the Williston Basin. It generates revenue primarily from crude oil sales — roughly 80% of total revenue — with natural gas and natural gas liquids making up the remainder. The company's competitive advantage lies in its large, contiguous acreage position in the core of the Williston Basin, which enables efficient development and low-cost operations.
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
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
CRC leads in 4 of 6 categories (Financial Metrics, Profitability & Efficiency). CHRD leads in 1 (Valuation Metrics). 1 tied.
Financial Metrics (TTM)
CHRD and CRC operate at a comparable scale, with $4.9B and $3.5B in trailing revenue. Profitability is closely matched — net margins range from 10.9% (CRC) to 9.1% (CHRD). On growth, CRC holds the edge at -11.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CHRDChord Energy Corp… | CRCCalifornia Resour… |
|---|---|---|
| RevenueTrailing 12 months | $4.9B | $3.5B |
| EBITDAEarnings before interest/tax | $1.7B | $1.4B |
| Net IncomeAfter-tax profit | $443M | $384M |
| Free Cash FlowCash after capex | $1.0B | $545M |
| Gross MarginGross profit ÷ Revenue | +15.2% | +37.9% |
| Operating MarginEBIT ÷ Revenue | +4.0% | +21.2% |
| Net MarginNet income ÷ Revenue | +9.1% | +10.9% |
| FCF MarginFCF ÷ Revenue | +20.6% | +15.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -19.6% | -11.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -53.6% | -79.9% |
Valuation Metrics
At 12.7x trailing earnings, CRC trades at a 91% valuation discount to CHRD's 146.4x P/E. On an enterprise value basis, CHRD's 4.5x EV/EBITDA is more attractive than CRC's 4761.3x.
| Metric | CHRDChord Energy Corp… | CRCCalifornia Resour… |
|---|---|---|
| Market CapShares × price | $6.2B | $5.36T |
| Enterprise ValueMkt cap + debt − cash | $7.5B | $5.36T |
| Trailing P/EPrice ÷ TTM EPS | 146.45x | 12.74x |
| Forward P/EPrice ÷ next-FY EPS est. | 22.60x | 45.26x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 4.48x | 4761.27x |
| Price / SalesMarket cap ÷ Revenue | 1.26x | 1812.76x |
| Price / BookPrice ÷ Book value/share | 0.78x | 1.35x |
| Price / FCFMarket cap ÷ FCF | 8.88x | 9999.00x |
Profitability & Efficiency
CRC delivers a 11.2% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $5 for CHRD. CHRD carries lower financial leverage with a 0.19x debt-to-equity ratio, signaling a more conservative balance sheet compared to CRC's 0.35x. On the Piotroski fundamental quality scale (0–9), CHRD scores 4/9 vs CRC's 3/9, reflecting mixed financial health.
| Metric | CHRDChord Energy Corp… | CRCCalifornia Resour… |
|---|---|---|
| ROE (TTM)Return on equity | +5.5% | +11.2% |
| ROA (TTM)Return on assets | +3.4% | +5.7% |
| ROICReturn on invested capital | +1.6% | +14.5% |
| ROCEReturn on capital employed | +1.7% | +13.7% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 3 |
| Debt / EquityFinancial leverage | 0.19x | 0.35x |
| Net DebtTotal debt minus cash | $1.3B | $851M |
| Cash & Equiv.Liquid assets | $190M | $372M |
| Total DebtShort + long-term debt | $1.5B | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | 6.83x | 5.95x |
Total Returns (with DRIP)
A $10,000 investment in CHRD five years ago would be worth $29,009 today (with dividends reinvested), compared to $24,361 for CRC. Over the past 12 months, CRC leads with a +35.4% total return vs CHRD's -0.6%. The 3-year compound annual growth rate (CAGR) favors CRC at 14.3% vs CHRD's 0.2% — a key indicator of consistent wealth creation.
| Metric | CHRDChord Energy Corp… | CRCCalifornia Resour… |
|---|---|---|
| YTD ReturnYear-to-date | +14.5% | +26.8% |
| 1-Year ReturnPast 12 months | -0.6% | +35.4% |
| 3-Year ReturnCumulative with dividends | +0.7% | +49.2% |
| 5-Year ReturnCumulative with dividends | +190.1% | +143.6% |
| 10-Year ReturnCumulative with dividends | +442.8% | +1037.4% |
| CAGR (3Y)Annualised 3-year return | +0.2% | +14.3% |
Risk & Volatility
CRC is the less volatile stock with a 1.26 beta — it tends to amplify market swings less than CHRD's 1.27 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 CHRD's 93.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CHRDChord Energy Corp… | CRCCalifornia Resour… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.27x | 1.26x |
| 52-Week HighHighest price in past year | $115.37 | $60.03 |
| 52-Week LowLowest price in past year | $79.83 | $30.97 |
| % of 52W HighCurrent price vs 52-week peak | +93.9% | +98.0% |
| RSI (14)Momentum oscillator 0–100 | 60.8 | 61.0 |
| Avg Volume (50D)Average daily shares traded | 604K | 696K |
Analyst Outlook
Wall Street rates CHRD as "Buy" and CRC as "Buy". Consensus price targets imply 14.0% upside for CHRD (target: $124) vs 11.7% for CRC (target: $66). For income investors, CHRD offers the higher dividend yield at 5.07% vs CRC's 2.36%.
| Metric | CHRDChord Energy Corp… | CRCCalifornia Resour… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $123.56 | $65.71 |
| # AnalystsCovering analysts | 17 | 23 |
| Dividend YieldAnnual dividend ÷ price | +5.1% | +2.4% |
| Dividend StreakConsecutive years of raises | 0 | 3 |
| Dividend / ShareAnnual DPS | $5.49 | $1.39 |
| Buyback YieldShare repurchases ÷ mkt cap | +5.9% | +0.0% |
Historical Charts
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Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Nov 20 | Feb 26 | Change |
|---|---|---|---|
| Chord Energy Corpor… (CHRD) | 100 | 311.65 | +211.6% |
| California Resource… (CRC) | 100 | 224.08 | +124.1% |
Chord Energy Corpor… (CHRD) returned +190% over 5 years vs California Resource… (CRC)'s +144%. A $10,000 investment in CHRD 5 years ago would be worth $29,009 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Chord Energy Corpor… (CHRD) | $705M | $4.9B | +592.1% |
| California Resource… (CRC) | $1.8B | $3.0B | +68.7% |
Chord Energy Corporation's revenue grew from $705M (2016) to $4.9B (2025) — a 24.0% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Chord Energy Corpor… (CHRD) | -71.0% | 9.1% | +112.8% |
| California Resource… (CRC) | 15.9% | 12.7% | -20.1% |
Chord Energy Corporation's net margin went from -71% (2016) to 9% (2025).
Chart 4P/E Ratio History — 7 Years
| Stock | 2018 | 2025 | Change |
|---|---|---|---|
| Chord Energy Corpor… (CHRD) | 8.1 | 125.3 | +1446.9% |
| California Resource… (CRC) | 2.5 | 11.2 | +348.0% |
Chord Energy Corporation has traded in a 2x–125x P/E range over 5 years; current trailing P/E is ~146x. 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 |
|---|---|---|---|
| Chord Energy Corpor… (CHRD) | -2.72 | 0.74 | +127.2% |
| California Resource… (CRC) | 6.76 | 4.62 | -31.7% |
Chord Energy Corporation's EPS grew from $-2.72 (2016) to $0.74 (2025).
Chart 6Free Cash Flow — 5 Years
Chord Energy Corporation generated $693M FCF in 2025 (-1% vs 2021). California Resources Corporation generated $350M FCF in 2024 (-25% vs 2021).
CHRD vs CRC: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is CHRD 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 Chord Energy Corporation (CHRD) a "Buy" — based on 17 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 — CHRD or CRC?
On trailing P/E, California Resources Corporation (CRC) is the cheapest at 12.7x versus Chord Energy Corporation at 146.4x. On forward P/E, Chord Energy Corporation is actually cheaper at 22.6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — CHRD or CRC?
Over the past 5 years, Chord Energy Corporation (CHRD) delivered a total return of +190.1%, compared to +143.6% for California Resources Corporation (CRC). A $10,000 investment in CHRD five years ago would be worth approximately $29K today (assuming dividends reinvested). Over 10 years, the gap is even starker: CRC returned +1037% versus CHRD's +442.8%. 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 — CHRD or CRC?
By beta (market sensitivity over 5 years), California Resources Corporation (CRC) is the lower-risk stock at 1.26β versus Chord Energy Corporation's 1.27β — meaning CHRD is approximately 1% more volatile than CRC relative to the S&P 500. On balance sheet safety, Chord Energy Corporation (CHRD) carries a lower debt/equity ratio of 19% versus 35% for California Resources Corporation — giving it more financial flexibility in a downturn.
05Which has better profit margins — CHRD or CRC?
California Resources Corporation (CRC) is the more profitable company, earning 12.7% net margin versus 9.1% for Chord Energy 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 4.0% for CHRD. 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.
06Is CHRD or CRC more undervalued right now?
On forward earnings alone, Chord Energy Corporation (CHRD) trades at 22.6x forward P/E versus 45.3x for California Resources Corporation — 22.7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CHRD: 14.0% to $123.56.
07Which pays a better dividend — CHRD or CRC?
All stocks in this comparison pay dividends. Chord Energy Corporation (CHRD) offers the highest yield at 5.1%, versus 2.4% for California Resources Corporation (CRC).
08Is CHRD 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%, CHRD: +442.8%), 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 CHRD 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: CHRD 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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