Oil & Gas Exploration & Production
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CRC vs CRGY
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Exploration & Production
CRC vs CRGY — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Exploration & Production |
| Market Cap | $5.45B | $4.33B |
| Revenue (TTM) | $3.48B | $3.81B |
| Net Income (TTM) | $363M | $-285M |
| Gross Margin | 37.4% | 70.3% |
| Operating Margin | 20.8% | 12.8% |
| Forward P/E | 12.1x | 6.4x |
| Total Debt | $1.36B | $5.71B |
| Cash & Equiv. | $132M | $10M |
CRC vs CRGY — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Dec 21 | May 26 | Return |
|---|---|---|---|
| California Resource… (CRC) | 100 | 143.9 | +43.9% |
| Crescent Energy Com… (CRGY) | 100 | 103.3 | +3.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CRC vs CRGY
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CRC carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 4 yrs, beta 0.45, yield 2.5%
- 287.0% 10Y total return vs CRGY's -8.8%
- Lower volatility, beta 0.45, Low D/E 37.0%, current ratio 0.89x
CRGY is the clearest fit if your priority is growth exposure and defensive.
- Rev growth 22.1%, EPS growth 161.4%, 3Y rev CAGR 5.4%
- Beta 0.63, yield 3.6%, current ratio 1.48x
- 22.1% revenue growth vs CRC's 21.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 22.1% revenue growth vs CRC's 21.9% | |
| Value | Lower P/E (6.4x vs 12.1x) | |
| Quality / Margins | 10.4% margin vs CRGY's -7.5% | |
| Stability / Safety | Beta 0.45 vs CRGY's 0.63, lower leverage | |
| Dividends | 2.5% yield, 4-year raise streak, vs CRGY's 3.6% | |
| Momentum (1Y) | +77.5% vs CRGY's +70.8% | |
| Efficiency (ROA) | 5.2% ROA vs CRGY's -2.6%, ROIC 13.8% vs 3.9% |
CRC vs CRGY — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CRC vs CRGY — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CRC leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CRGY and CRC operate at a comparable scale, with $3.8B and $3.5B in trailing revenue. CRC is the more profitable business, keeping 10.4% of every revenue dollar as net income compared to CRGY's -7.5%. On growth, CRGY holds the edge at +24.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $3.5B | $3.8B |
| EBITDAEarnings before interest/tax | $1.3B | $1.7B |
| Net IncomeAfter-tax profit | $363M | -$285M |
| Free Cash FlowCash after capex | $543M | $308M |
| Gross MarginGross profit ÷ Revenue | +37.4% | +70.3% |
| Operating MarginEBIT ÷ Revenue | +20.8% | +12.8% |
| Net MarginNet income ÷ Revenue | +10.4% | -7.5% |
| FCF MarginFCF ÷ Revenue | +15.6% | +8.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | -5.9% | +24.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -61.1% | -127.0% |
Valuation Metrics
CRGY leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 14.8x trailing earnings, CRC trades at a 39% valuation discount to CRGY's 24.3x P/E. On an enterprise value basis, CRC's 4.5x EV/EBITDA is more attractive than CRGY's 6.1x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $5.5B | $4.3B |
| Enterprise ValueMkt cap + debt − cash | $6.7B | $10.0B |
| Trailing P/EPrice ÷ TTM EPS | 14.81x | 24.26x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.12x | 6.37x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 4.52x | 6.11x |
| Price / SalesMarket cap ÷ Revenue | 1.51x | 1.21x |
| Price / BookPrice ÷ Book value/share | 1.46x | 0.62x |
| Price / FCFMarket cap ÷ FCF | 10.04x | 5.93x |
Profitability & Efficiency
CRC leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
CRC delivers a 10.3% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $-6 for CRGY. CRC carries lower financial leverage with a 0.37x debt-to-equity ratio, signaling a more conservative balance sheet compared to CRGY's 1.11x. On the Piotroski fundamental quality scale (0–9), CRGY scores 5/9 vs CRC's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +10.3% | -6.0% |
| ROA (TTM)Return on assets | +5.2% | -2.6% |
| ROICReturn on invested capital | +13.8% | +3.9% |
| ROCEReturn on capital employed | +13.6% | +4.9% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.37x | 1.11x |
| Net DebtTotal debt minus cash | $1.2B | $5.7B |
| Cash & Equiv.Liquid assets | $132M | $10M |
| Total DebtShort + long-term debt | $1.4B | $5.7B |
| Interest CoverageEBIT ÷ Interest expense | 6.75x | 2.26x |
Total Returns (Dividends Reinvested)
CRC leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CRC five years ago would be worth $27,895 today (with dividends reinvested), compared to $9,120 for CRGY. Over the past 12 months, CRC leads with a +77.5% total return vs CRGY's +70.8%. The 3-year compound annual growth rate (CAGR) favors CRC at 18.3% vs CRGY's 10.1% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +33.4% | +55.3% |
| 1-Year ReturnPast 12 months | +77.5% | +70.8% |
| 3-Year ReturnCumulative with dividends | +65.5% | +33.4% |
| 5-Year ReturnCumulative with dividends | +178.9% | -8.8% |
| 10-Year ReturnCumulative with dividends | +287.0% | -8.8% |
| CAGR (3Y)Annualised 3-year return | +18.3% | +10.1% |
Risk & Volatility
Evenly matched — CRC and CRGY each lead in 1 of 2 comparable metrics.
Risk & Volatility
CRC is the less volatile stock with a 0.45 beta — it tends to amplify market swings less than CRGY's 0.63 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CRGY currently trades 91.7% from its 52-week high vs CRC's 85.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.45x | 0.63x |
| 52-Week HighHighest price in past year | $71.98 | $14.29 |
| 52-Week LowLowest price in past year | $35.04 | $7.68 |
| % of 52W HighCurrent price vs 52-week peak | +85.4% | +91.7% |
| RSI (14)Momentum oscillator 0–100 | 65.4 | 65.7 |
| Avg Volume (50D)Average daily shares traded | 972K | 8.6M |
Analyst Outlook
Evenly matched — CRC and CRGY each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CRC as "Buy" and CRGY as "Buy". Consensus price targets imply 11.2% upside for CRC (target: $68) vs -2.3% for CRGY (target: $13). For income investors, CRGY offers the higher dividend yield at 3.59% vs CRC's 2.53%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $68.33 | $12.80 |
| # AnalystsCovering analysts | 23 | 12 |
| Dividend YieldAnnual dividend ÷ price | +2.5% | +3.6% |
| Dividend StreakConsecutive years of raises | 4 | 3 |
| Dividend / ShareAnnual DPS | $1.56 | $0.47 |
| Buyback YieldShare repurchases ÷ mkt cap | +6.9% | +0.8% |
CRC leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CRGY leads in 1 (Valuation Metrics). 2 tied.
CRC vs CRGY: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CRC or CRGY a better buy right now?
For growth investors, Crescent Energy Company (CRGY) is the stronger pick with 22.
1% revenue growth year-over-year, versus 21. 9% for California Resources Corporation (CRC). California Resources Corporation (CRC) offers the better valuation at 14. 8x trailing P/E (12. 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 — CRC or CRGY?
On trailing P/E, California Resources Corporation (CRC) is the cheapest at 14.
8x versus Crescent Energy Company at 24. 3x. On forward P/E, Crescent Energy Company is actually cheaper at 6. 4x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — CRC or CRGY?
Over the past 5 years, California Resources Corporation (CRC) delivered a total return of +178.
9%, compared to -8. 8% for Crescent Energy Company (CRGY). Over 10 years, the gap is even starker: CRC returned +287. 0% versus CRGY's -8. 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 — CRC or CRGY?
By beta (market sensitivity over 5 years), California Resources Corporation (CRC) is the lower-risk stock at 0.
45β versus Crescent Energy Company's 0. 63β — meaning CRGY is approximately 40% more volatile than CRC relative to the S&P 500. On balance sheet safety, California Resources Corporation (CRC) carries a lower debt/equity ratio of 37% versus 111% for Crescent Energy Company — giving it more financial flexibility in a downturn.
05Which is growing faster — CRC or CRGY?
By revenue growth (latest reported year), Crescent Energy Company (CRGY) is pulling ahead at 22.
1% versus 21. 9% for California Resources Corporation (CRC). On earnings-per-share growth, the picture is similar: Crescent Energy Company grew EPS 161. 4% year-over-year, compared to -10. 2% for California Resources Corporation. Over a 3-year CAGR, CRGY leads at 5. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CRC or CRGY?
California Resources Corporation (CRC) is the more profitable company, earning 10.
1% net margin versus 3. 7% for Crescent Energy Company — meaning it keeps 10. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CRC leads at 23. 6% versus 13. 2% for CRGY. At the gross margin level — before operating expenses — CRC leads at 39. 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.
07Is CRC or CRGY more undervalued right now?
On forward earnings alone, Crescent Energy Company (CRGY) trades at 6.
4x forward P/E versus 12. 1x for California Resources Corporation — 5. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CRC: 11. 2% to $68. 33.
08Which pays a better dividend — CRC or CRGY?
All stocks in this comparison pay dividends.
Crescent Energy Company (CRGY) offers the highest yield at 3. 6%, versus 2. 5% for California Resources Corporation (CRC).
09Is CRC or CRGY 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 0.
45), 2. 5% yield, +287. 0% 10Y return). Both have compounded well over 10 years (CRC: +287. 0%, CRGY: -8. 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.
10What are the main differences between CRC and CRGY?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
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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