Permian Resources Corp key statistics and ratios

In fiscal 2025, Permian Resources Corp had return on equity of 9.6%, an operating margin of 28.9%, debt equal to 34.5% of equity and a current ratio of 0.78. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Permian Resources Corp: financial ratios, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Operating margin	26.5%	31.8%	8.4%	−134.4%	36.0%	47.3%	35.1%	34.9%	28.9%	35.8%
Net margin	17.6%	22.4%	1.7%	−117.6%	13.4%	24.2%	15.3%	19.7%	18.5%	21.5%
Free-cash-flow margin	−40.9%	51.3%	48.8%	28.1%	50.4%	63.9%	63.4%	47.3%	50.1%	52.9%
Return on equity	2.7%	6.7%	0.5%	−23.3%	5.2%	18.1%	10.3%	12.7%	9.6%	11.1%
Return on assets	2.1%	5.1%	0.4%	−16.0%	3.6%	8.4%	4.1%	6.2%	5.4%	6.8%
Asset turnover	0.12	0.23	0.21	0.14	0.27	0.35	0.27	0.31	0.29	0.32
Current ratio	1.01	0.53	0.47	0.50	0.52	0.77	0.52	0.84	0.78	0.62
Debt to equity	13.8%	22.3%	32.5%	41.0%	30.0%	72.9%	60.7%	45.8%	34.5%	24.9%
Interest cover (operating income ÷ interest)	19.9x	10.7x	1.4x	n/m	6.0x	10.5x	6.2x	5.9x	5.2x	7.8x
Effective tax rate	26.4%	21.8%	26.1%	—	0.4%	13.8%	15.1%	19.4%	20.5%	21.5%
Capital spending as % of revenue	101.3%	23.8%	11.0%	1.5%	0.6%	0.4%	7.5%	20.9%	21.1%	16.6%
Free cash flow ÷ net income	−232.4%	228.9%	>999%	—	375.7%	264.6%	415.5%	240.2%	271.3%	245.9%
Dividends ÷ net income	—	—	—	—	0.0%	2.8%	29.8%	47.4%	47.9%	40.9%
Dividends and buybacks ÷ free cash flow	—	—	—	0.0%	0.0%	1.1%	7.2%	19.7%	17.6%	16.6%

US$ thousands unless shown otherwise. Fiscal quarters.

Permian Resources Corp: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Operating margin	32.5%	32.8%	36.6%	24.8%	29.6%	23.1%	33.7%	50.0%
Net margin	31.8%	16.7%	23.9%	17.3%	4.5%	29.0%	3.1%	42.7%
Free-cash-flow margin	16.5%	64.9%	62.7%	35.4%	44.4%	56.8%	44.0%	63.3%
Current ratio	0.68	0.84	0.86	0.63	0.67	0.78	0.66	0.62
Debt to equity	46.5%	45.8%	42.6%	42.3%	35.4%	34.5%	31.3%	24.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 7 checks passed · June 30, 2026

What it owns · $18.5bn

Short-term assets $1.2bnLonger-term assets $17.3bn

What it owes, and who funded it · $18.5bn

Short-term liabilities $2.0bnLonger-term liabilities $4.5bnShareholders' equity $12.0bn

Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $2.0bn of liabilities due within a year.
Short-term assets cover long-term liabilities $1.2bn short-term assets against $4.5bn of longer-dated liabilities.
More cash than debt $132m of cash against $3.0bn of debt.
Debt below 40% of shareholders' equity Debt is 25% of equity.
Debt burden no higher than five years ago Debt to equity moved from 30% to 25% over five years.
A year's operating cash flow covers at least 20% of debt $4.0bn of operating cash flow against $3.0bn of debt.
Operating profit covers interest at least five times over Operating income of $2.1bn against $263m of interest.

From Permian Resources Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

56 /100

Moderate moat

How hard Permian Resources's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 5 / 20

Net income has been a median 4.5% of total assets over 10 years.
Durability 10 / 20

Operating margin has been a median 33.4%; its worst year was -86.4%.
Cash conversion 20 / 20

Free cash flow was positive in 9 of 9 years, at a median 52.3% of revenue.
Discipline 10 / 20

The diluted share count rose 179.3% over five years; stock-based pay has been a median 2.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Permian Resources Corp's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Permian Resources Corp.