California Resources Corporation (CRC) vs Comstock Resources, Inc. (CRK)

California Resources Corporation and Comstock Resources, Inc. are both Oil & Gas E&P companies. California Resources Corporation and Comstock Resources, Inc. are of similar size ($4.0B and $3.9B). California Resources Corporation has negative trailing earnings, so its P/E is not meaningful; Comstock Resources, Inc. trades at 9.1×. Comstock Resources, Inc. grew revenue faster over the last twelve months: 17.3% against −23.8%. Comstock Resources, Inc. has the higher net margin (19.9% vs −18.1%) and the higher return on invested capital (5.74% vs −8.22%). Across the 19 metrics below, Comstock Resources, Inc. leads on 12 and California Resources Corporation on 7.

Valuation

Metric CRC CRK Oil & Gas E&P median
P/E n/m 9.05 9.67
P/S 1.47 1.84 1.76
P/B 1.35 1.22 1.19
Price to free cash flow 12.00 n/m 8.37
EV/EBITDA n/m 5.72 4.59
EV/Sales 1.96 3.43 2.27
Earnings yield (12.30%) 11.04% 7.55%
Free cash flow yield 8.33% (9.96%) 3.98%

Profitability

Metric CRC CRK Oil & Gas E&P median
Gross margin 43.10% 0.00% 79.54%
Operating margin (20.28%) 28.43% 24.01%
Net margin (18.11%) 19.86% 14.11%
Free cash flow margin 12.28% (18.31%) 7.72%
Return on equity (15.46%) 14.43% 8.99%
Return on assets (7.11%) 5.71% 4.63%
Return on invested capital (8.22%) 5.74% 6.33%

Growth

Metric CRC CRK Oil & Gas E&P median
Revenue growth (TTM) (23.77%) 17.33% 13.60%
EPS growth (last fiscal year) (10.17%) 288.16% (10.17%)
Revenue growth, 5-year CAGR 18.67% 20.94% 18.67%
Net income growth, 5-year CAGR (27.12%) 0.00% 0.00%

Health

Metric CRC CRK Oil & Gas E&P median
Debt to equity 0.42 1.05 0.29
Current ratio 0.51 0.60 0.92
Net debt to EBITDA 1.04 2.14 0.93

Dividend

Metric CRC CRK Oil & Gas E&P median
Dividend yield 3.53% — 3.76%
Payout ratio — — 0.33

Size

Metric CRC CRK Oil & Gas E&P median
Market cap 4.03b 3.91b 953.29m

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