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Granite Ridge Resources vs Infinity Natural Resources

Granite Ridge Resources is the larger business, with $450m of revenue in fiscal 2025 against $356m for Infinity Natural Resources (1.3 times as much). Infinity Natural Resources grew faster (37.6% against 18.5%). Granite Ridge Resources kept more of each dollar of sales as profit: a net margin of 5.4% against 3.9%. Infinity Natural Resources carries less debt relative to equity (49.1% against 66.0%).

Latest fiscal yearGranite Ridge ResourcesGRNT, 2025Infinity Natural ResourcesINR, 2025
Revenue $450m $356m
Revenue growth 18.5% 37.6%
Net income $24.4m $13.8m
Operating margin 10.3% 3.3%
Net margin 5.4% 3.9%
Return on equity 3.9% 9.0%
Free cash flow $178m $262m
Cash $14.8m $2.8m
Total debt $400m $151m
Debt to equity 66.0% 49.1%
Dividend per share $0.44 —
Dividend yield 8.4% —
Share buybacks $16,000 $1.2m
Employees — 101
Market value $674m $501m
Price vs our value range Below our value range —
Moat score — —
Insider trades, 12 months 35 buys, 0 sales 16 buys, 1 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.