APA Corporation (APA) vs Permian Resources Corporation (PR)

APA Corporation and Permian Resources Corporation are both Oil & Gas E&P companies. Permian Resources Corporation is the larger, with a market value of $18.2B against $15.3B — 1.2× the size. APA Corporation trades at the lower P/E: 9.0× against 13.9×. Permian Resources Corporation grew revenue faster over the last twelve months: 12.8% against −16.1%. Permian Resources Corporation has the higher net margin (21.5% vs 19.5%) and the lower return on invested capital (8.64% vs 17.3%). Both pay a dividend; APA Corporation yields more (3.28% vs 2.49%). Across the 22 metrics below, APA Corporation leads on 16 and Permian Resources Corporation on 6.

Valuation

Metric APA PR Oil & Gas E&P median
P/E 9.02 13.87 10.57
P/S 1.75 3.12 1.80
P/B 1.90 1.49 1.27
Price to free cash flow 9.85 16.45 9.99
EV/EBITDA 3.47 5.08 5.08
EV/Sales 2.14 3.67 2.39
Earnings yield 11.09% 7.21% 6.06%
Free cash flow yield 10.15% 6.08% 6.17%

Profitability

Metric APA PR Oil & Gas E&P median
Gross margin 92.58% 75.85% 80.41%
Operating margin 36.09% 35.84% 21.39%
Net margin 19.48% 21.52% 14.17%
Free cash flow margin 17.78% 18.95% 9.71%
Return on equity 22.59% 10.78% 10.05%
Return on assets 9.30% 6.86% 5.81%
Return on invested capital 17.27% 8.64% 6.32%

Growth

Metric APA PR Oil & Gas E&P median
Revenue growth (TTM) (16.13%) 12.81% 9.94%
EPS growth (last fiscal year) 75.77% (11.72%) —
Revenue growth, 5-year CAGR 16.44% 54.23% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric APA PR Oil & Gas E&P median
Debt to equity 0.47 0.25 0.28
Current ratio 0.95 0.62 0.96
Net debt to EBITDA 0.78 0.97 0.91

Dividend

Metric APA PR Oil & Gas E&P median
Dividend yield 3.28% 2.49% 4.93%
Payout ratio 0.18 0.00 0.07

Size

Metric APA PR Oil & Gas E&P median
Market cap 15.30b 18.15b 923.59m

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