Crescent Energy Company (CRGY) vs Comstock Resources, Inc. (CRK)

Crescent Energy Company and Comstock Resources, Inc. are both Oil & Gas E&P companies. Crescent Energy Company is the larger, with a market value of $4.4B against $4.0B — 1.1× the size. Comstock Resources, Inc. trades at the lower P/E: 7.3× against 93.9×. Comstock Resources, Inc. grew revenue faster over the last twelve months: 31.6% against 24.3%. Comstock Resources, Inc. has the higher net margin (23.3% vs 1.27%) and the higher return on invested capital (6.31% vs 5.51%). Both pay a dividend; Comstock Resources, Inc. yields more (4.44% vs 4.19%). Across the 21 metrics below, Comstock Resources, Inc. leads on 12 and Crescent Energy Company on 9.

Valuation

Metric CRGY CRK Oil & Gas E&P median
P/E 93.93 7.33 10.57
P/S 1.01 1.76 1.80
P/B 0.84 1.21 1.27
Price to free cash flow 1.78 n/m 9.99
EV/EBITDA 4.20 5.49 5.08
EV/Sales 2.15 3.18 2.39
Earnings yield 1.06% 13.64% 6.06%
Free cash flow yield 56.17% (7.53%) 6.17%

Profitability

Metric CRGY CRK Oil & Gas E&P median
Gross margin 100.00% 99.00% 80.41%
Operating margin 20.56% 28.82% 21.39%
Net margin 1.27% 23.34% 14.17%
Free cash flow margin 56.61% (13.22%) 9.71%
Return on equity 1.13% 18.16% 10.05%
Return on assets 0.50% 7.15% 5.81%
Return on invested capital 5.51% 6.31% 6.32%

Growth

Metric CRGY CRK Oil & Gas E&P median
Revenue growth (TTM) 24.25% 31.59% 9.94%
EPS growth (last fiscal year) 178.92% 288.16% —
Revenue growth, 5-year CAGR 36.54% 20.94% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CRGY CRK Oil & Gas E&P median
Debt to equity 1.00 0.98 0.28
Current ratio 0.94 0.48 0.96
Net debt to EBITDA 3.40 2.14 0.91

Dividend

Metric CRGY CRK Oil & Gas E&P median
Dividend yield 4.19% 4.44% 4.93%
Payout ratio 0.24 0.11 0.07

Size

Metric CRGY CRK Oil & Gas E&P median
Market cap 4.43b 3.98b 923.59m

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