Comprehensive Stock Comparison

Compare Mach Natural Resources LP (MNR) vs ConocoPhillips (COP) 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
GrowthMNR27.2% revenue growth vs COP's 9.3%
ValueMNRLower P/E (12.9x vs 23.0x)
Quality / MarginsMNR28.5% net margin vs COP's 13.3%
Stability / SafetyMNRBeta 0.68 vs COP's 0.99
DividendsMNR24.4% yield, 1-year raise streak, vs COP's 2.9%
Momentum (1Y)COP+17.7% vs MNR's +0.9%
Efficiency (ROA)MNR7.7% ROA vs COP's 6.5%, ROIC 11.7% vs 10.7%
Bottom line: MNR leads in 6 of 7 categories, making it the stronger pick for investors who prioritize growth and revenue expansion and valuation and capital efficiency. ConocoPhillips is the better choice for recent price momentum and sentiment. 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

MNRMach Natural Resources LP
Energy

Mach Natural Resources is an independent oil and gas company that acquires, develops, and produces oil, natural gas, and natural gas liquids reserves in the Anadarko Basin region. It makes money primarily from the sale of produced hydrocarbons — oil, natural gas, and NGLs — with revenue mix depending on commodity prices and production volumes. The company's competitive advantage lies in its strategic focus on the prolific Anadarko Basin and its operational expertise in developing these specific assets.

COPConocoPhillips
Energy

ConocoPhillips is a global independent exploration and production company that finds, produces, and sells crude oil, natural gas, and natural gas liquids. It generates revenue primarily from selling hydrocarbons produced from its diverse portfolio — including unconventional shale plays in North America, conventional assets worldwide, and oil sands in Canada — with no refining or marketing operations. The company's competitive advantage lies in its low-cost position, large-scale resource base, and operational expertise across multiple geographies and resource types.

Revenue Breakdown by Segment

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

MNRMach Natural Resources LP
FY 2024
Oil
73.6%$554M
Natural Gas
28.0%$210M
Natural Gas, Gathering, Transportation, Marketing and Processing
-1.6%$-11,853,000
COPConocoPhillips
FY 2024
Crude oil product line
71.3%$39.0B
Natural Gas Product Line
11.8%$6.4B
Other Products
11.7%$6.4B
Natural Gas Liquids
5.3%$2.9B

Financial Metrics Comparison

Side-by-side fundamentals across 2 stocks. BestLagging

Financial Scorecard

MNR 3COP 1
Financial MetricsTie3/6 metrics
Valuation MetricsMNR6/6 metrics
Profitability & EfficiencyMNR6/9 metrics
Total ReturnsCOP5/6 metrics
Risk & VolatilityTie1/2 metrics
Analyst OutlookMNR1/1 metrics

MNR leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). COP leads in 1 (Total Returns). 2 tied.

Financial Metrics (TTM)

COP is the larger business by revenue, generating $59.7B annually — 58.3x MNR's $1.0B. MNR is the more profitable business, keeping 28.5% of every revenue dollar as net income compared to COP's 13.3%. On growth, MNR holds the edge at +6.7% YoY revenue growth, suggesting stronger near-term business momentum.

MetricMNRMach Natural Reso…COPConocoPhillips
RevenueTrailing 12 months$1.0B$59.7B
EBITDAEarnings before interest/tax$559M$23.2B
Net IncomeAfter-tax profit$292M$7.9B
Free Cash FlowCash after capex$220M$16.8B
Gross MarginGross profit ÷ Revenue+40.2%+35.2%
Operating MarginEBIT ÷ Revenue+19.8%+19.8%
Net MarginNet income ÷ Revenue+28.5%+13.3%
FCF MarginFCF ÷ Revenue+21.5%+28.1%
Rev. Growth (YoY)Latest quarter vs prior year+6.7%-0.3%
EPS Growth (YoY)Latest quarter vs prior year-140.0%-38.4%
Evenly matched — MNR and COP each lead in 3 of 6 comparable metrics.

Valuation Metrics

At 6.9x trailing earnings, MNR trades at a 62% valuation discount to COP's 17.9x P/E. On an enterprise value basis, MNR's 5.1x EV/EBITDA is more attractive than COP's 6.7x.

MetricMNRMach Natural Reso…COPConocoPhillips
Market CapShares × price$2.2B$139.0B
Enterprise ValueMkt cap + debt − cash$2.9B$156.0B
Trailing P/EPrice ÷ TTM EPS6.85x17.90x
Forward P/EPrice ÷ next-FY EPS est.12.91x23.03x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple5.08x6.71x
Price / SalesMarket cap ÷ Revenue2.26x2.33x
Price / BookPrice ÷ Book value/share1.06x2.11x
Price / FCFMarket cap ÷ FCF7.69x8.29x
MNR leads this category, winning 6 of 6 comparable metrics.

Profitability & Efficiency

MNR delivers a 14.8% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $12 for COP. COP carries lower financial leverage with a 0.36x debt-to-equity ratio, signaling a more conservative balance sheet compared to MNR's 0.64x. On the Piotroski fundamental quality scale (0–9), COP scores 7/9 vs MNR's 5/9, reflecting strong financial health.

MetricMNRMach Natural Reso…COPConocoPhillips
ROE (TTM)Return on equity+14.8%+12.3%
ROA (TTM)Return on assets+7.7%+6.5%
ROICReturn on invested capital+11.7%+10.7%
ROCEReturn on capital employed+14.5%+10.7%
Piotroski ScoreFundamental quality 0–957
Debt / EquityFinancial leverage0.64x0.36x
Net DebtTotal debt minus cash$660M$16.9B
Cash & Equiv.Liquid assets$106M$6.5B
Total DebtShort + long-term debt$766M$23.4B
Interest CoverageEBIT ÷ Interest expense2.60x11.99x
MNR leads this category, winning 6 of 9 comparable metrics.

Total Returns (with DRIP)

A $10,000 investment in COP five years ago would be worth $24,904 today (with dividends reinvested), compared to $10,191 for MNR. Over the past 12 months, COP leads with a +17.7% total return vs MNR's +0.9%. The 3-year compound annual growth rate (CAGR) favors COP at 6.3% vs MNR's 0.6% — a key indicator of consistent wealth creation.

MetricMNRMach Natural Reso…COPConocoPhillips
YTD ReturnYear-to-date+20.4%+18.2%
1-Year ReturnPast 12 months+0.9%+17.7%
3-Year ReturnCumulative with dividends+1.9%+20.0%
5-Year ReturnCumulative with dividends+1.9%+149.0%
10-Year ReturnCumulative with dividends+1.9%+306.3%
CAGR (3Y)Annualised 3-year return+0.6%+6.3%
COP leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

MNR is the less volatile stock with a 0.68 beta — it tends to amplify market swings less than COP's 0.99 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. COP currently trades 99.7% from its 52-week high vs MNR's 81.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricMNRMach Natural Reso…COPConocoPhillips
Beta (5Y)Sensitivity to S&P 5000.68x0.99x
52-Week HighHighest price in past year$15.91$113.80
52-Week LowLowest price in past year$10.46$79.88
% of 52W HighCurrent price vs 52-week peak+81.8%+99.7%
RSI (14)Momentum oscillator 0–10055.462.7
Avg Volume (50D)Average daily shares traded295K7.0M
Evenly matched — MNR and COP each lead in 1 of 2 comparable metrics.

Analyst Outlook

Wall Street rates MNR as "Buy" and COP as "Buy". Consensus price targets imply 45.9% upside for MNR (target: $19) vs 2.9% for COP (target: $117). For income investors, MNR offers the higher dividend yield at 24.36% vs COP's 2.94%.

MetricMNRMach Natural Reso…COPConocoPhillips
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$19.00$116.79
# AnalystsCovering analysts1552
Dividend YieldAnnual dividend ÷ price+24.4%+2.9%
Dividend StreakConsecutive years of raises11
Dividend / ShareAnnual DPS$3.17$3.34
Buyback YieldShare repurchases ÷ mkt cap0.0%+3.6%
MNR leads this category, winning 1 of 1 comparable metric.

Historical Charts

Charts are rendered on first load. Hover for details.

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

StockOct 23Feb 26Change
Mach Natural Resour… (MNR)10063.36-36.6%
ConocoPhillips (COP)10087.25-12.8%

ConocoPhillips (COP) returned +149% over 5 years vs Mach Natural Resour… (MNR)'s +2%. A $10,000 investment in COP 5 years ago would be worth $24,904 today (including dividends reinvested).

Chart 2Revenue Growth — 10 Years

Stock20162025Change
Mach Natural Resour… (MNR)$392M$970M+147.0%
ConocoPhillips (COP)$23.9B$59.7B+149.8%

ConocoPhillips's revenue grew from $23.9B (2016) to $59.7B (2025) — a 10.7% CAGR.

Chart 3Net Margin Trend — 10 Years

Stock20162025Change
Mach Natural Resour… (MNR)35.3%19.1%-45.8%
ConocoPhillips (COP)-15.1%13.3%+187.8%

ConocoPhillips's net margin went from -15% (2016) to 13% (2025).

Chart 4P/E Ratio History — 7 Years

Stock20182025Change
ConocoPhillips (COP)11.714.8+26.5%

ConocoPhillips has traded in a 8x–15x P/E range over 7 years; current trailing P/E is ~18x.

Chart 5EPS Growth — 10 Years

Stock20162025Change
Mach Natural Resour… (MNR)1.461.9+30.1%
ConocoPhillips (COP)-2.96.34+318.6%

ConocoPhillips's EPS grew from $-2.90 (2016) to $6.34 (2025).

Chart 6Free Cash Flow — 5 Years

2021
$157M
$12B
2022
$311M
$18B
2023
$177M
$9B
2024
$285M
$8B
2025
$17B
Mach Natural Resour… (MNR)ConocoPhillips (COP)

Mach Natural Resources LP generated $285M FCF in 2024 (+81% vs 2021). ConocoPhillips generated $17B FCF in 2025 (+44% vs 2021).

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MNR vs COP: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is MNR or COP a better buy right now?

Mach Natural Resources LP (MNR) offers the better valuation at 6.9x trailing P/E (12.9x forward), making it the more compelling value choice. Analysts rate Mach Natural Resources LP (MNR) a "Buy" — based on 15 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 — MNR or COP?

On trailing P/E, Mach Natural Resources LP (MNR) is the cheapest at 6.9x versus ConocoPhillips at 17.9x. On forward P/E, Mach Natural Resources LP is actually cheaper at 12.9x.

03

Which is the better long-term investment — MNR or COP?

Over the past 5 years, ConocoPhillips (COP) delivered a total return of +149.0%, compared to +1.9% for Mach Natural Resources LP (MNR). A $10,000 investment in COP five years ago would be worth approximately $25K today (assuming dividends reinvested). Over 10 years, the gap is even starker: COP returned +306.3% versus MNR's +1.9%. 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 — MNR or COP?

By beta (market sensitivity over 5 years), Mach Natural Resources LP (MNR) is the lower-risk stock at 0.68β versus ConocoPhillips's 0.99β — meaning COP is approximately 46% more volatile than MNR relative to the S&P 500. On balance sheet safety, ConocoPhillips (COP) carries a lower debt/equity ratio of 36% versus 64% for Mach Natural Resources LP — giving it more financial flexibility in a downturn.

05

Which has better profit margins — MNR or COP?

Mach Natural Resources LP (MNR) is the more profitable company, earning 19.1% net margin versus 13.3% for ConocoPhillips — meaning it keeps 19.1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MNR leads at 30.0% versus 19.8% for COP. At the gross margin level — before operating expenses — COP leads at 35.2%, 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 MNR or COP more undervalued right now?

On forward earnings alone, Mach Natural Resources LP (MNR) trades at 12.9x forward P/E versus 23.0x for ConocoPhillips — 10.1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MNR: 45.9% to $19.00.

07

Which pays a better dividend — MNR or COP?

All stocks in this comparison pay dividends. Mach Natural Resources LP (MNR) offers the highest yield at 24.4%, versus 2.9% for ConocoPhillips (COP).

08

Is MNR or COP better for a retirement portfolio?

For long-horizon retirement investors, Mach Natural Resources LP (MNR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.68), 24.4% yield). Both have compounded well over 10 years (MNR: +1.9%, COP: +306.3%), 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 MNR and COP?

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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  • Market Cap > $100B
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Better Than Both

Find stocks that beat MNR and COP on the metrics you choose

Revenue Growth>
%
(MNR: 6.7% · COP: -0.3%)
Net Margin>
%
(MNR: 28.5% · COP: 13.3%)
P/E Ratio<
x
(MNR: 6.9x · COP: 17.9x)