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Crescent Energy Company (CRGY) 10-Year Financial Performance & Capital Metrics

CRGY • • Industrial / General
EnergyOil & Gas E&PUnconventional Shale E&PMulti-Basin Diversified Operators
AboutCrescent Energy Company, an energy company, explores for, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) reserves. The company holds a portfolio of oil and natural gas assets in key proven basins, including the Eagle Ford, Rockies, Barnett, Permian, Mid-Con, and other basins in the United States. As of December 31, 2021, it had 1,528 gross undrilled locations, including 567 gross operated drilling locations; and 531.6 net million barrels of oil equivalent of proved reserves. The company was founded in 2020 and is based in Houston, Texas.Show more
  • Revenue $2.93B +23.0%
  • EBITDA $1.17B +16.7%
  • Net Income -$115M -269.5%
  • EPS (Diluted) -0.88 -295.6%
  • Gross Margin 81.96% +49.7%
  • EBITDA Margin 39.85% -5.1%
  • Operating Margin 7.45% -45.3%
  • Net Margin -3.91% -237.8%
  • ROE -2.86% -246.9%
  • ROIC 2.57% -47.2%
  • Debt/Equity 0.72 +47.8%
  • Interest Coverage 1.01 -54.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 21.9%
  • ✓Healthy dividend yield of 3.9%
  • ✓Trading at only 0.4x book value

✗Weaknesses

  • ✗Weak 3Y average ROE of 0.7%
  • ✗Negative free cash flow
  • ✗Shares diluted 33.1% in last year
  • ✗Thin 5Y average net margin of 0.2%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y21.94%
3Y25.66%
TTM32.31%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-60.11%

EPS CAGR

10Y-
5Y-
3Y-
TTM-131.34%

ROCE

10Y Avg7.19%
5Y Avg7.44%
3Y Avg11.8%
Latest3.04%

Peer Comparison

Multi-Basin Diversified Operators
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Size & Scale
Valuation
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Profitability
Quality & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CTRACoterra Energy Inc.19.59B25.7317.04-3.92%23.47%11.18%5.23%0.29
AMPYAmplify Energy Corp.194.28M4.8015.48-4.2%-10.1%-7.09%0.32
CNQCanadian Natural Resources Limited71.03B34.1011.96-12.68%15.49%16.45%11.4%0.51
BTEBaytex Energy Corp.2.6B3.3811.2724.43%5.6%5.12%22.87%0.55
OVVOvintiv Inc.10.12B39.959.49-15.91%2.65%2.31%14.02%0.61
DVNDevon Energy Corporation22.78B36.327.952.82%16.11%17.71%0.63
CRGYCrescent Energy Company2.76B8.39-9.5323.01%0.66%0.53%0.72

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.09B754.22M1.48B3.06B2.38B2.93B
Revenue Growth %--0.31%0.96%1.07%-0.22%0.23%
Cost of Goods Sold+255.11M202.18M243.5M438.75M1.08B528.82M
COGS % of Revenue0.23%0.27%0.16%0.14%0.45%0.18%
Gross Profit+832.13M552.04M1.23B2.62B1.3B2.4B
Gross Margin %0.77%0.73%0.84%0.86%0.55%0.82%
Gross Profit Growth %--0.34%1.23%1.12%-0.5%0.84%
Operating Expenses+605.02M925.67M749.74M1.33B979.52M2.18B
OpEx % of Revenue0.56%1.23%0.51%0.44%0.41%0.75%
Selling, General & Admin154.36M196.05M276.24M265.08M428.48M639.58M
SG&A % of Revenue0.14%0.26%0.19%0.09%0.18%0.22%
Research & Development000000
R&D % of Revenue------
Other Operating Expenses450.66M729.62M473.49M1.07B551.04M1.54B
Operating Income+227.11M-373.63M483.74M1.28B324.74M218.46M
Operating Margin %0.21%-0.5%0.33%0.42%0.14%0.07%
Operating Income Growth %--2.65%2.29%1.65%-0.75%-0.33%
EBITDA+538.3M-1.33M796.53M1.82B1B1.17B
EBITDA Margin %0.5%-0%0.54%0.59%0.42%0.4%
EBITDA Growth %--1%600.79%1.28%-0.45%0.17%
D&A (Non-Cash Add-back)311.19M372.3M312.79M532.93M675.78M949.48M
EBIT100.31M-178M-381.79M612.83M491.02M47.51M
Net Interest Income+-53.58M-38.11M-50.74M-95.94M-145.81M-216.26M
Interest Income000000
Interest Expense53.58M38.11M50.74M95.94M145.81M216.26M
Other Income/Expense-180.38M157.52M-916.27M-767.27M20.48M-387.22M
Pretax Income+46.74M-216.11M-432.53M516.89M345.22M-168.75M
Pretax Margin %0.04%-0.29%-0.29%0.17%0.14%-0.06%
Income Tax+28K14K-306K36.29M23.23M-31.07M
Effective Tax Rate %--0.04%0.19%0.2%0.68%
Net Income+00-19.38M96.67M67.61M-114.61M
Net Margin %---0.01%0.03%0.03%-0.04%
Net Income Growth %---5.99%-0.3%-2.7%
Net Income (Continuing)46.71M-216.12M-432.23M480.6M321.99M-137.68M
Discontinued Operations000000
Minority Interest830.33M176.27M2.34B2.45B1.93B1.24B
EPS (Diluted)+0.000.00-0.462.200.45-0.88
EPS Growth %---5.78%-0.8%-2.96%
EPS (Basic)0.000.00-0.462.200.45-0.88
Diluted Shares Outstanding43.1M43.1M169.49M168.97M151.2M201.23M
Basic Shares Outstanding43.1M43.1M169.49M168.72M150.99M201.23M
Dividend Payout Ratio---0.28%0.5%-

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+165.82M220.45M479.62M516.74M615.65M788.09M
Cash & Short-Term Investments19.89M36.86M128.58M02.97M132.82M
Cash Only19.89M36.86M128.58M02.97M132.82M
Short-Term Investments000000
Accounts Receivable103.3M111.82M342.2M459.75M506.74M542.27M
Days Sales Outstanding34.6854.1284.5754.8977.6367.53
Inventory000000
Days Inventory Outstanding------
Other Current Assets31.47M30.93M8.64M43.75M65.53M70.4M
Total Non-Current Assets+3.83B3.69B4.68B5.5B6.19B8.37B
Property, Plant & Equipment3.77B3.64B4.56B5.44B6.12B8.15B
Fixed Asset Turnover0.29x0.21x0.32x0.56x0.39x0.36x
Goodwill0076.56M000
Intangible Assets000000
Long-Term Investments0015.41M15.04M6.08M13.81M
Other Non-Current Assets58.16M44.77M30.75M50.3M65.78M213.7M
Total Assets+4B3.91B5.16B6.02B6.8B9.16B
Asset Turnover0.27x0.19x0.29x0.51x0.35x0.32x
Asset Growth %--0.02%0.32%0.17%0.13%0.35%
Total Current Liabilities+200.89M120.67M616.13M893.75M750.26M827.36M
Accounts Payable62.6M24.04M110.64M144.56M135.52M91.55M
Days Payables Outstanding89.5743.4165.84120.2645.8763.19
Short-Term Debt000000
Deferred Revenue (Current)01000K1000K1000K00
Other Current Liabilities65.67M28.82M192.14M177.29M359.38M64.95M
Current Ratio0.83x1.83x0.78x0.58x0.82x0.95x
Quick Ratio0.83x1.83x0.78x0.58x0.82x0.95x
Cash Conversion Cycle------
Total Non-Current Liabilities+1.08B893.54M1.52B1.83B2.42B3.97B
Long-Term Debt972.1M751.08M1.03B1.25B1.69B3.05B
Capital Lease Obligations003.51M7.41M7.07M3.53M
Deferred Tax Liabilities0082.54M147.35M262.58M370.33M
Other Non-Current Liabilities112.47M142.46M405.23M424.79M453.34M542.22M
Total Liabilities1.29B1.01B2.14B2.72B3.17B4.79B
Total Debt+1B774.79M1.09B1.32B1.76B3.13B
Net Debt980.87M737.93M962.17M1.32B1.76B3B
Debt / Equity0.37x0.27x0.36x0.40x0.49x0.72x
Debt / EBITDA1.86x-1.37x0.72x1.76x2.68x
Net Debt / EBITDA1.82x-1.21x0.72x1.76x2.57x
Interest Coverage4.24x-9.80x9.53x13.39x2.23x1.01x
Total Equity+2.71B2.89B3.02B3.3B3.64B4.37B
Equity Growth %-0.07%0.04%0.09%0.1%0.2%
Book Value per Share62.9367.1317.8219.5224.0521.71
Total Shareholders' Equity1.88B2.72B682.21M848.11M1.7B3.13B
Common Stock1.88B2.72B17K17K18K26K
Retained Earnings00-19.38M61.96M95.45M-64.75M
Treasury Stock00-18.45M-18.45M-17.14M-32.43M
Accumulated OCI000000
Minority Interest830.33M176.27M2.34B2.45B1.93B1.24B

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+485.51M411.03M233.15M1.01B935.77M1.22B
Operating CF Margin %0.45%0.54%0.16%0.33%0.39%0.42%
Operating CF Growth %--0.15%-0.43%3.34%-0.08%0.31%
Net Income46.71M-216.12M-432.23M480.6M321.99M-137.68M
Depreciation & Amortization311.19M372.3M312.79M532.93M600.84M949.48M
Stock-Based Compensation-2.72M-797K39.92M38.06M82.94M185.61M
Deferred Taxes00-935K33.18M22.73M-35.85M
Other Non-Cash Items112.81M243.34M331.22M-64.14M-165.11M311.23M
Working Capital Changes17.53M12.31M-17.61M-8.26M72.38M-49.7M
Change in Receivables24.1M14.65M-91.63M-110.46M-41.52M106.66M
Change in Inventory0000-6.52M0
Change in Payables-5.49M-14.48M30.75M139.66M112.59M-153.16M
Cash from Investing+-328.16M-124.94M-244.59M-1.12B-1.4B-1.2B
Capital Expenditures-338.65M-126.16M-270.68M-1.22B-1.43B-1.24B
CapEx % of Revenue0.31%0.17%0.18%0.4%0.6%0.42%
Acquisitions------
Investments------
Other Investing10.49M1.22M26.09M628.39M31.8M45.98M
Cash from Financing+-153.19M-272.09M105.14M-7.84M456.46M207.39M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid-124.84M-61.42M-35.33M-27.51M-34.12M-65.08M
Share Repurchases------
Other Financing-16.75M10.36M-2.07M-195.58M-103.77M-201.9M
Net Change in Cash------
Free Cash Flow+146.87M284.86M-37.54M-206.96M-494.83M-21.2M
FCF Margin %0.14%0.38%-0.03%-0.07%-0.21%-0.01%
FCF Growth %-0.94%-1.13%-4.51%-1.39%0.96%
FCF per Share3.416.61-0.22-1.22-3.27-0.11
FCF Conversion (FCF/Net Income)---12.03x10.47x13.84x-10.67x
Interest Paid033.9M35.05M81.92M0141.76M
Taxes Paid014K562K8.16M01.85M

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---0.66%3.06%1.95%-2.86%
Return on Invested Capital (ROIC)4.61%-7.65%9.53%22.4%4.86%2.57%
Gross Margin76.54%73.19%83.51%85.65%54.74%81.96%
Net Margin---1.31%3.16%2.84%-3.91%
Debt / Equity0.37x0.27x0.36x0.40x0.49x0.72x
Interest Coverage4.24x-9.80x9.53x13.39x2.23x1.01x
FCF Conversion---12.03x10.47x13.84x-10.67x
Revenue Growth--30.63%95.83%106.98%-22.06%23.01%

Revenue by Segment

2021202220232024
Oil883.09M1.97B1.75B2.13B
Oil Growth-122.98%-11.08%21.67%
Natural Gas, Production354.3M766.96M371.07M349.86M
Natural Gas, Production Growth-116.47%-51.62%-5.72%
Midstream And Other54.06M52.84M67.7M133.66M
Midstream And Other Growth--2.26%28.13%97.42%
Natural Gas Liquids185.53M268.19M192.87M-
Natural Gas Liquids Growth-44.55%-28.09%-

Frequently Asked Questions

Growth & Financials

Crescent Energy Company (CRGY) reported $3.59B in revenue for fiscal year 2024. This represents a 230% increase from $1.09B in 2019.

Crescent Energy Company (CRGY) grew revenue by 23.0% over the past year. This is strong growth.

Yes, Crescent Energy Company (CRGY) is profitable, generating $23.5M in net income for fiscal year 2024 (-3.9% net margin).

Dividend & Returns

Yes, Crescent Energy Company (CRGY) pays a dividend with a yield of 3.85%. This makes it attractive for income-focused investors.

Crescent Energy Company (CRGY) has a return on equity (ROE) of -2.9%. Negative ROE indicates the company is unprofitable.

Crescent Energy Company (CRGY) had negative free cash flow of $271.1M in fiscal year 2024, likely due to heavy capital investments.

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