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California Resources vs Crescent Energy

California Resources and Crescent Energy are similar in size: $3.67bn and $3.58bn of revenue in their latest fiscal years. Crescent Energy grew faster (22.1% against 14.7%). California Resources kept more of each dollar of sales as profit: a net margin of 9.9% against 3.7%. California Resources carries less debt relative to equity (35.4% against 106.9%).

Latest fiscal yearCalifornia ResourcesCRC, 2025Crescent EnergyCRGY, 2025
Revenue $3.67bn $3.58bn
Revenue growth 14.7% 22.1%
Net income $363m $133m
Operating margin 16.3% 6.4%
Net margin 9.9% 3.7%
Return on equity 10.1% 3.2%
Free cash flow $543m $861m
Cash $132m $10.2m
Total debt $1.30bn $5.52bn
Debt to equity 35.4% 106.9%
Dividend per share $1.57 —
Dividend yield 3.0% 2.6%
Share buybacks $377m $33.5m
Employees 2,500 1,066
Market value $4.67bn $5.69bn
Price vs our value range Within our value range Below our value range
Moat score 39 (Weak) 49 (Moderate)
Insider trades, 12 months 2 buys, 11 sales 0 buys, 2 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.