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 $6.2B against $4.0B — 1.5× the size. California Resources Corporation has negative trailing earnings, so its P/E is not meaningful; Matador Resources Company trades at 8.4×. Matador Resources Company grew revenue faster over the last twelve months: 1.31% against −23.8%. Matador Resources Company has the higher net margin (18.6% vs −18.1%) and the higher return on invested capital (6.74% vs −8.22%). Both pay a dividend; California Resources Corporation yields more (3.53% vs 2.99%). Across the 21 metrics below, Matador Resources Company leads on 15 and California Resources Corporation on 6.

Valuation

Metric CRC MTDR Oil & Gas E&P median
P/E n/m 8.37 9.67
P/S 1.47 1.60 1.76
P/B 1.35 0.97 1.19
Price to free cash flow 12.00 9.01 8.37
EV/EBITDA n/m 4.62 4.59
EV/Sales 1.96 2.87 2.27
Earnings yield (12.30%) 11.94% 7.55%
Free cash flow yield 8.33% 11.10% 3.98%

Profitability

Metric CRC MTDR Oil & Gas E&P median
Gross margin 43.10% 92.34% 79.54%
Operating margin (20.28%) 31.56% 24.01%
Net margin (18.11%) 18.60% 14.11%
Free cash flow margin 12.28% 17.82% 7.72%
Return on equity (15.46%) 11.73% 8.99%
Return on assets (7.11%) 5.46% 4.63%
Return on invested capital (8.22%) 6.74% 6.33%

Growth

Metric CRC MTDR Oil & Gas E&P median
Revenue growth (TTM) (23.77%) 1.31% 13.60%
EPS growth (last fiscal year) (10.17%) (14.71%) (10.17%)
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 0.42 0.77 0.29
Current ratio 0.51 0.55 0.92
Net debt to EBITDA 1.04 1.36 0.93

Dividend

Metric CRC MTDR Oil & Gas E&P median
Dividend yield 3.53% 2.99% 3.76%
Payout ratio — 0.25 0.33

Size

Metric CRC MTDR Oil & Gas E&P median
Market cap 4.03b 6.17b 953.29m

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