CNX Resources Corporation. (CNX) vs California Resources Corporation (CRC)

CNX Resources Corporation. and California Resources Corporation are both Oil & Gas E&P companies. CNX Resources Corporation. is the larger, with a market value of $5.0B against $4.0B — 1.3× the size. California Resources Corporation has negative trailing earnings, so its P/E is not meaningful; CNX Resources Corporation. trades at 5.5×. CNX Resources Corporation. grew revenue faster over the last twelve months: 47.0% against −23.8%. CNX Resources Corporation. has the higher net margin (35.2% vs −18.1%) and the higher return on invested capital (11.2% vs −8.22%). Across the 20 metrics below, CNX Resources Corporation. leads on 15 and California Resources Corporation on 5.

Valuation

Metric CNX CRC Oil & Gas E&P median
P/E 5.48 n/m 9.65
P/S 1.97 1.50 1.73
P/B 1.06 1.37 1.23
Price to free cash flow 9.60 12.25 9.34
EV/EBITDA 4.14 n/m 4.58
EV/Sales 2.94 1.99 2.27
Earnings yield 18.26% (12.05%) 7.67%
Free cash flow yield 10.42% 8.16% 4.40%

Profitability

Metric CNX CRC Oil & Gas E&P median
Gross margin 83.14% 43.10% 80.16%
Operating margin 49.36% (20.28%) 24.33%
Net margin 35.16% (18.11%) 14.15%
Free cash flow margin 20.55% 12.28% 10.07%
Return on equity 20.39% (15.46%) 9.41%
Return on assets 10.10% (7.11%) 5.35%
Return on invested capital 11.22% (8.22%) 6.33%

Growth

Metric CNX CRC Oil & Gas E&P median
Revenue growth (TTM) 47.04% (23.77%) 13.60%
EPS growth (last fiscal year) 763.33% (10.17%) (10.17%)
Revenue growth, 5-year CAGR 12.22% 18.67% 18.67%
Net income growth, 5-year CAGR 0.00% (27.12%) 0.00%

Health

Metric CNX CRC Oil & Gas E&P median
Debt to equity 0.48 0.42 0.29
Current ratio 1.08 0.51 0.90
Net debt to EBITDA 1.65 1.04 0.93

Dividend

Metric CNX CRC Oil & Gas E&P median
Dividend yield — 3.46% 3.80%
Payout ratio — — 0.33

Size

Metric CNX CRC Oil & Gas E&P median
Market cap 5.04b 4.03b 895.85m

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