4 years of historical data (2021–2024) · Energy · Oil & Gas Exploration & Production
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Mach Natural Resources LP trades at 6.9x earnings, 57% below its 5-year average of 16.0x, sitting at the 0th percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a discount of 59%. On a free-cash-flow basis, the stock trades at 7.7x P/FCF, roughly in line with the 5-year average of 7.4x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Market Cap | $2.2B | $1.7B | $1.6B | — | — |
| Enterprise Value | $2.9B | $2.3B | $2.2B | — | — |
| P/E Ratio → | 6.85 | 9.04 | 22.90 | — | — |
| P/S Ratio | 2.26 | 1.73 | 2.05 | — | — |
| P/B Ratio | 1.06 | 1.40 | 1.31 | — | — |
| P/FCF | 7.69 | 5.89 | 8.84 | — | — |
| P/OCF | 4.34 | 3.32 | 3.18 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Mach Natural Resources LP's enterprise value stands at 5.1x EBITDA, 17% above its 5-year average of 4.3x. The Energy sector median is 7.3x, placing the stock at a 30% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| EV / Revenue | — | 2.41 | 2.93 | — | — |
| EV / EBITDA | 5.08 | 4.16 | 4.50 | — | — |
| EV / EBIT | 9.81 | 8.07 | 6.25 | — | — |
| EV / FCF | — | 8.21 | 12.64 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Mach Natural Resources LP earns an operating margin of 30.0%, significantly above the Energy sector average of 13.9%. Operating margins have compressed from 55.7% to 30.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 15.5% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 11.7% represents solid returns on invested capital versus a sector median of 6.8%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Gross Margin | 34.2% | 34.2% | 50.7% | 58.4% | 55.1% |
| Operating Margin | 30.0% | 30.0% | 47.1% | 55.7% | 39.6% |
| Net Profit Margin | 19.1% | 19.1% | 45.5% | 55.1% | 35.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| ROE | 15.5% | 15.5% | 38.8% | 118.6% | 49.6% |
| ROA | 8.0% | 8.0% | 21.7% | 73.2% | 26.3% |
| ROIC | 11.7% | 11.7% | 21.3% | 80.9% | — |
| ROCE | 14.5% | 14.5% | 26.0% | 92.4% | 39.3% |
Solvency and debt-coverage ratios — lower is generally safer
Mach Natural Resources LP carries a Debt/EBITDA ratio of 1.4x, which is manageable (45% below the sector average of 2.5x). Net debt stands at $660M ($766M total debt minus $106M cash). Interest coverage of just 2.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Debt / Equity | 0.64 | 0.64 | 0.69 | 0.17 | 0.31 |
| Debt / EBITDA | 1.36 | 1.36 | 1.66 | 0.16 | 0.44 |
| Net Debt / Equity | — | 0.55 | 0.56 | 0.12 | 0.10 |
| Net Debt / EBITDA | 1.18 | 1.18 | 1.35 | 0.12 | 0.14 |
| Debt / FCF | — | 2.32 | 3.80 | 0.23 | 0.17 |
| Interest Coverage | 2.78 | 2.78 | 32.06 | 107.66 | 93.84 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.91x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.22x to 0.91x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Current Ratio | 0.91 | 0.91 | 1.25 | 1.22 | 1.38 |
| Quick Ratio | 0.84 | 0.84 | 1.14 | 1.06 | 1.34 |
| Cash Ratio | 0.30 | 0.30 | 0.56 | 0.19 | 0.46 |
| Asset Turnover | — | 0.41 | 0.33 | 1.06 | 0.75 |
| Inventory Turnover | 26.25 | 26.25 | 11.97 | 15.77 | 35.64 |
| Days Sales Outstanding | — | 64.58 | 63.30 | 50.53 | 87.30 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Mach Natural Resources LP returns 24.4% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 167.3%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 14.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Dividend Yield | 24.4% | 18.5% | 6.5% | — | — |
| Payout Ratio | 167.3% | 167.3% | 29.2% | 53.2% | 105.5% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Earnings Yield | 14.6% | 11.1% | 4.4% | — | — |
| FCF Yield | 13.0% | 17.0% | 11.3% | — | — |
| Buyback Yield | 0.0% | 0.0% | 4.2% | — | — |
| Total Shareholder Yield | 24.4% | 18.5% | 10.7% | — | — |
| Shares Outstanding | — | $98M | $95M | $95M | $95M |
Compare MNR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| MNRYou | $2B | 6.9 | 5.1 | 7.7 | 34.2% | 30.0% | 15.5% | 11.7% | 1.4 |
| CRC | $5.4T | 12.7 | 4761.3 | 9999.0 | 40.6% | 22.0% | 13.1% | 14.5% | 1.1 |
| CRGY | $4B | 21.6 | 6.7 | 2.3 | 88.6% | 6.4% | 2.8% | 1.9% | 4.0 |
| TXO | $686M | 19.3 | 14.6 | — | 28.3% | -2.4% | 4.3% | -0.8% | 2.7 |
| SD | $645M | 10.4 | 8.3 | 13.6 | 36.7% | 26.5% | 13.6% | 8.6% | — |
| PNRG | $327M | 9.1 | 2.3 | — | 37.5% | 29.4% | 30.5% | 28.5% | 0.1 |
| REI | $292M | 4.1 | 2.9 | 7.7 | 44.7% | 36.3% | 8.2% | 8.1% | 1.7 |
| BRY | $253M | 13.0 | 2.1 | 2.3 | 36.4% | 19.5% | 2.6% | 9.8% | 1.3 |
| EPM | $156M | 134.6 | 7.3 | 13.7 | 16.9% | 4.9% | 1.9% | 2.8% | 1.4 |
| EP | $113M | -6.1 | — | — | 7.9% | -31.0% | -33.2% | -19.3% | — |
| MXC | $23M | 13.8 | 4.8 | 26.9 | 44.9% | 26.5% | 9.4% | 9.1% | 0.0 |
| Energy Median | — | 16.8 | 7.3 | 11.5 | 35.3% | 13.9% | 8.2% | 6.8% | 2.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 4 years · Updated daily
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Start ComparisonMach Natural Resources LP's current P/E ratio is 6.9x. The historical average is 16.0x.
Mach Natural Resources LP's current EV/EBITDA is 5.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.3x.
Mach Natural Resources LP's return on equity (ROE) is 15.5%. The historical average is 55.6%.
Based on historical data, Mach Natural Resources LP is trading at a P/E of 6.9x. Compare with industry peers and growth rates for a complete picture.
Mach Natural Resources LP's current dividend yield is 24.36% with a payout ratio of 167.3%.
Mach Natural Resources LP has 34.2% gross margin and 30.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Mach Natural Resources LP's Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.