California Resources Corporation (CRC) vs Matador Resources Company (MTDR)

California Resources Corporation and Matador Resources Company are both Oil & Gas E&P companies. Matador Resources Company is the larger, with a market value of $6.4B against $4.7B — 1.4× the size. California Resources Corporation has negative trailing earnings, so its P/E is not meaningful; Matador Resources Company trades at 8.8×. Matador Resources Company grew revenue faster over the last twelve months: −3.56% against −22.5%. Matador Resources Company has the higher net margin (19.9% vs −3.79%) and the higher return on invested capital (7.06% vs −0.74%). Both pay a dividend; California Resources Corporation yields more (2.13% vs 1.20%). Across the 22 metrics below, Matador Resources Company leads on 15 and California Resources Corporation on 7.

Valuation

Metric CRC MTDR Oil & Gas E&P median
P/E n/m 8.84 10.57
P/S 1.46 1.76 1.80
P/B 1.37 1.02 1.27
Price to free cash flow 12.11 7.26 9.99
EV/EBITDA 13.04 4.37 5.08
EV/Sales 1.88 2.89 2.39
Earnings yield (2.53%) 11.31% 6.06%
Free cash flow yield 8.26% 13.77% 6.17%

Profitability

Metric CRC MTDR Oil & Gas E&P median
Gross margin 52.43% 91.66% 80.41%
Operating margin (1.72%) 32.18% 21.39%
Net margin (3.79%) 19.85% 14.17%
Free cash flow margin 12.05% 24.18% 9.71%
Return on equity (3.55%) 12.08% 10.05%
Return on assets (1.75%) 5.84% 5.81%
Return on invested capital (0.74%) 7.06% 6.32%

Growth

Metric CRC MTDR Oil & Gas E&P median
Revenue growth (TTM) (22.45%) (3.56%) 9.94%
EPS growth (last fiscal year) (10.17%) (14.71%) —
Revenue growth, 5-year CAGR 18.67% 33.79% 18.67%
Net income growth, 5-year CAGR (27.12%) 0.00% 0.00%

Health

Metric CRC MTDR Oil & Gas E&P median
Debt to equity 0.38 0.67 0.28
Current ratio 0.66 0.65 0.96
Net debt to EBITDA 1.04 1.36 0.91

Dividend

Metric CRC MTDR Oil & Gas E&P median
Dividend yield 2.13% 1.20% 4.93%
Payout ratio 0.08 0.07 0.07

Size

Metric CRC MTDR Oil & Gas E&P median
Market cap 4.66b 6.43b 923.59m

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