Black Stone Minerals, L.P. (BSM) vs Crescent Energy Company (CRGY)

Black Stone Minerals, L.P. and Crescent Energy Company are both Oil & Gas E&P companies. Crescent Energy Company is the larger, with a market value of $4.4B against $3.1B — 1.4× the size. Black Stone Minerals, L.P. trades at the lower P/E: 11.9× against 93.9×. Crescent Energy Company grew revenue faster over the last twelve months: 24.3% against 5.07%. Black Stone Minerals, L.P. has the higher net margin (55.3% vs 1.27%) and the higher return on invested capital (14.1% vs 5.51%). Both pay a dividend; Black Stone Minerals, L.P. yields more (11.9% vs 4.19%). Across the 22 metrics below, Black Stone Minerals, L.P. leads on 13 and Crescent Energy Company on 9.

Valuation

Metric BSM CRGY Oil & Gas E&P median
P/E 11.92 93.93 10.57
P/S 6.67 1.01 1.80
P/B 3.77 0.84 1.27
Price to free cash flow 9.99 1.78 9.99
EV/EBITDA 9.75 4.20 5.08
EV/Sales 7.09 2.15 2.39
Earnings yield 8.39% 1.06% 6.06%
Free cash flow yield 10.01% 56.17% 6.17%

Profitability

Metric BSM CRGY Oil & Gas E&P median
Gross margin 100.00% 100.00% 80.41%
Operating margin 64.34% 20.56% 21.39%
Net margin 55.30% 1.27% 14.17%
Free cash flow margin 66.81% 56.61% 9.71%
Return on equity 31.47% 1.13% 10.05%
Return on assets 19.30% 0.50% 5.81%
Return on invested capital 14.13% 5.51% 6.32%

Growth

Metric BSM CRGY Oil & Gas E&P median
Revenue growth (TTM) 5.07% 24.25% 9.94%
EPS growth (last fiscal year) 11.30% 178.92% —
Revenue growth, 5-year CAGR 6.51% 36.54% 18.67%
Net income growth, 5-year CAGR 21.82% 0.00% 0.00%

Health

Metric BSM CRGY Oil & Gas E&P median
Debt to equity 0.18 1.00 0.28
Current ratio 3.76 0.94 0.96
Net debt to EBITDA 0.44 3.40 0.91

Dividend

Metric BSM CRGY Oil & Gas E&P median
Dividend yield 11.86% 4.19% 4.93%
Payout ratio — 0.24 0.07

Size

Metric BSM CRGY Oil & Gas E&P median
Market cap 3.12b 4.43b 923.59m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack