California Resources Corporation (CRC) vs Magnolia Oil & Gas Corp (MGY)

California Resources Corporation and Magnolia Oil & Gas Corp are both Oil & Gas E&P companies. Magnolia Oil & Gas Corp is the larger, with a market value of $5.9B against $4.7B — 1.3× the size. California Resources Corporation has negative trailing earnings, so its P/E is not meaningful; Magnolia Oil & Gas Corp trades at 10.6×. Magnolia Oil & Gas Corp grew revenue faster over the last twelve months: 11.4% against −22.5%. Magnolia Oil & Gas Corp has the higher net margin (28.8% vs −3.79%) and the higher return on invested capital (15.7% vs −0.74%). Both pay a dividend; Magnolia Oil & Gas Corp yields more (2.29% vs 2.13%). Across the 22 metrics below, Magnolia Oil & Gas Corp leads on 18 and California Resources Corporation on 4.

Valuation

Metric CRC MGY Oil & Gas E&P median
P/E n/m 10.57 10.57
P/S 1.46 3.01 1.80
P/B 1.37 2.07 1.27
Price to free cash flow 12.11 7.98 9.99
EV/EBITDA 13.04 4.46 5.08
EV/Sales 1.88 3.07 2.39
Earnings yield (2.53%) 9.46% 6.06%
Free cash flow yield 8.26% 12.53% 6.17%

Profitability

Metric CRC MGY Oil & Gas E&P median
Gross margin 52.43% 95.20% 80.41%
Operating margin (1.72%) 38.03% 21.39%
Net margin (3.79%) 28.77% 14.17%
Free cash flow margin 12.05% 37.68% 9.71%
Return on equity (3.55%) 20.54% 10.05%
Return on assets (1.75%) 14.19% 5.81%
Return on invested capital (0.74%) 15.67% 6.32%

Growth

Metric CRC MGY Oil & Gas E&P median
Revenue growth (TTM) (22.45%) 11.35% 9.94%
EPS growth (last fiscal year) (10.17%) (10.82%) —
Revenue growth, 5-year CAGR 18.67% 19.37% 18.67%
Net income growth, 5-year CAGR (27.12%) 0.00% 0.00%

Health

Metric CRC MGY Oil & Gas E&P median
Debt to equity 0.38 0.18 0.28
Current ratio 0.66 1.58 0.96
Net debt to EBITDA 1.04 0.14 0.91

Dividend

Metric CRC MGY Oil & Gas E&P median
Dividend yield 2.13% 2.29% 4.93%
Payout ratio 0.08 0.12 0.07

Size

Metric CRC MGY Oil & Gas E&P median
Market cap 4.66b 5.86b 923.59m

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