Latest Ratios: P/E Ratio 59.7x · EV/EBITDA 3.3x · ROE 2.8%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $2.1B | $2.9B | $2.0B | $2.0B | $2.1B | — | — |
| Enterprise Value | $9.4B | $7.8B | $5.9B | $3.8B | $3.3B | $3.1B | — | — |
| P/E Ratio → | 59.71 | 15.54 | — | 29.36 | 5.45 | — | — | — |
| P/S Ratio | 0.77 | 0.57 | 1.00 | 0.84 | 0.66 | 1.46 | — | — |
| P/B Ratio | 0.53 | 0.40 | 0.67 | 0.55 | 0.61 | 0.71 | — | — |
| P/FCF | 3.94 | — | — | — | — | — | — | — |
| P/OCF | 2.21 | 1.22 | 2.40 | 2.13 | 2.00 | 9.22 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.17 | 2.03 | 1.58 | 1.09 | 2.11 | — | — |
| EV / EBITDA | 3.34 | 4.73 | 5.09 | 3.76 | 1.84 | 3.91 | — | — |
| EV / EBIT | 19.85 | 15.51 | 125.04 | 7.66 | 5.45 | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.6% | 22.6% | 82.0% | 54.7% | 85.6% | 83.5% | 73.2% | 76.5% |
| Operating Margin | 13.2% | 13.2% | 7.5% | 13.6% | 42.0% | 32.8% | -49.5% | 20.9% |
| Net Profit Margin | 3.7% | 3.7% | -3.9% | 2.8% | 3.2% | -1.3% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 2.8% | 2.8% | -2.9% | 1.9% | 3.1% | -0.7% | — | — |
| ROA | 1.2% | 1.2% | -1.4% | 1.1% | 1.7% | -0.4% | — | — |
| ROIC | 3.9% | 3.9% | 2.6% | 4.9% | 22.4% | 9.5% | -7.7% | 4.6% |
| ROCE | 4.9% | 4.9% | 3.0% | 5.8% | 26.6% | 11.6% | -9.9% | 6.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.11 | 1.11 | 0.72 | 0.49 | 0.40 | 0.36 | 0.27 | 0.37 |
| Debt / EBITDA | 3.48 | 3.48 | 2.68 | 1.76 | 0.72 | 1.37 | — | 1.86 |
| Net Debt / Equity | — | 1.10 | 0.69 | 0.48 | 0.40 | 0.32 | 0.26 | 0.36 |
| Net Debt / EBITDA | 3.47 | 3.47 | 2.57 | 1.76 | 0.72 | 1.21 | — | 1.82 |
| Debt / FCF | — | — | — | — | — | — | 2.59 | 6.68 |
| Interest Coverage | 1.68 | 1.68 | 0.22 | 3.37 | 6.39 | -7.52 | -4.67 | 1.87 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.48 | 1.48 | 0.95 | 0.82 | 0.58 | 0.78 | 1.83 | 0.83 |
| Quick Ratio | 1.48 | 1.48 | 0.95 | 0.82 | 0.58 | 0.78 | 1.83 | 0.83 |
| Cash Ratio | 0.01 | 0.01 | 0.16 | 0.00 | — | 0.21 | 0.31 | 0.10 |
| Asset Turnover | — | 0.29 | 0.32 | 0.35 | 0.51 | 0.29 | 0.19 | 0.27 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 75.74 | 67.53 | 77.63 | 54.89 | 84.57 | 54.12 | 34.68 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.2% | 5.6% | 2.2% | 1.7% | 1.4% | 1.6% | — | — |
| Payout Ratio | 86.6% | 86.6% | — | 50.5% | 28.5% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.7% | 6.4% | — | 3.4% | 18.3% | — | — | — |
| FCF Yield | 25.4% | — | — | — | — | — | — | — |
| Buyback Yield | 1.0% | 1.9% | 0.5% | 0.0% | 0.0% | 0.9% | — | — |
| Total Shareholder Yield | 5.2% | 7.5% | 2.7% | 1.7% | 1.4% | 2.5% | — | — |
| Shares Outstanding | — | $245M | $201M | $151M | $169M | $169M | $43M | $43M |
Includes 30+ ratios · 7 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CRGY stock.
Crescent Energy Company's current P/E ratio is 59.7x. The historical average is 16.8x. This places it at the 100th percentile of its historical range.
Crescent Energy Company's current EV/EBITDA is 3.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 3.9x.
Crescent Energy Company's return on equity (ROE) is 2.8%. The historical average is 0.9%.
Based on historical data, Crescent Energy Company is trading at a P/E of 59.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Crescent Energy Company's current dividend yield is 4.19% with a payout ratio of 86.6%.
Crescent Energy Company has 22.6% gross margin and 13.2% operating margin. Operating margin between 10-20% is typical for established companies.
Crescent Energy Company's Debt/EBITDA ratio is 3.5x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Unverified leverage and acquisition integration
Metrics are mathematically derived from official filings.
Low Multiples Reflect Acquisition Uncertainty
Based on reported figures, CRGY trades at 20.78 trailing earnings and 5.73 EV/EBITDA, with a forward P/E of 4.61 that suggests the market expects a sharp earnings recovery, though the gap warrants scrutiny given volatile reported net margins.
The gap between a trailing P/E of 20.78 and a forward P/E of 4.61 suggests analysts anticipate a substantial earnings rebound, yet this appears to rely on integrating acquired production that has not yet shown consistent profitability. Relative to the peer set, CRGY's 5.73 EV/EBITDA sits above CIVI's 1.89 but below BATL's 3.92 only marginally, implying the market is not pricing a meaningful consolidation premium. Investors should monitor whether the forward discount narrows as reported quarterly earnings stabilize.
Margins Distorted by Hedge and Reporting Shifts
As reported in quarterly income statements, CRGY's gross margin swung from roughly 82% in 2025 to 35.4% in 2026Q3, while net margin ranged from -35.5% to 35.3%, indicating reported profitability is driven largely by non-operating items.
Operating margin compressed from 18.1% in 2025Q1 to 5.8% in 2025Q4 despite revenue scale gains, which suggests operating income has not grown proportionally with the acquired asset base. The volatility in net margin appears to track hedge-related and other non-operating swings rather than underlying production economics. Analysts should prioritize cash-based margin measures over GAAP net margin when assessing true earning power.
Returns Hover Near Zero Despite Scale
Based on reported figures, CRGY's ROIC has oscillated between roughly -0.1% and 4.3% over ten quarters, with ROE turning negative in 2026Q3, suggesting the expanded capital base has not yet generated durable returns.
ROIC remains well below typical cost-of-capital thresholds for the sector despite total assets roughly doubling from $7.5B to about $12.0B, indicating acquired capital is not yet earning attractive returns. The reversal in ROE between 10.0% in 2026Q2 and negative readings in 2026Q3 appears driven by earnings volatility rather than a stable return trajectory. Peer ROIC figures such as CIVI's 10.8% suggest the gap may partly be structural rather than purely temporary.
Debt Metrics Conflict With Reported Scale
According to reported quarterly figures, CRGY's debt-to-EBITDA ran between 5.5x and 16.8x while interest coverage fell below 1.0x in several quarters, indicating debt service comfort is weak and inconsistent with the reported debt-to-equity of 1.11.
Debt-to-EBITDA above 10x in multiple quarters, alongside interest coverage near or below 1.0x, suggests debt service has been strained during periods of weak operating income. The reported debt-to-equity of 1.11 appears low relative to total debt rising from $2.5B to $5.7B, which may indicate a stale period or incomplete consolidation and warrants verification before drawing firm conclusions. Refinancing and covenant risk should be treated as unresolved until the leverage figures reconcile.
Thin Cash Buffer Against Obligations
As reported in balance sheets, CRGY's current ratio ranged from 0.57 to 1.87 and cash held at just $6.1M in 2026Q3, leaving liquidity dependent on credit facilities and operating cash flow rather than reserves.
Current ratios below 1.0 in several recent quarters, combined with minimal cash balances, suggest short-term obligations may be covered mainly by ongoing cash generation and borrowing capacity. Under a severe commodity price decline, this structure would likely leave limited buffer, though the available data does not fully disclose facility terms. Investors should monitor whether operating cash flow remains consistently positive as the reported quarterly figures suggest it has.
Reported Ratios May Mask Hedge Effects
As reported in financial statements, the most commonly misapplied metric for CRGY is GAAP net margin, which swings from -35.5% to 35.3% largely from derivative mark-to-market effects rather than production economics.
Applying P/E or net margin to an E&P with heavy hedging treats non-cash derivative gains and losses as operating earnings, which can make a business appear profitable or distressed on the same underlying cash generation. Operating cash flow has remained positive in every reported quarter while net income has reversed sign, suggesting cash-based measures such as FCF margin or EV/DACF would better reflect earning power. Investors should adjust for settled hedges and reconcile the reported debt-to-equity of 1.11 before relying on any leverage-based conclusion.