Crescent Energy Company (CRGY) vs SM Energy Company (SM)

Crescent Energy Company and SM Energy Company are both Oil & Gas E&P companies. SM Energy Company is the larger, with a market value of $7.1B against $4.7B — 1.5× the size. SM Energy Company trades at the lower P/E: 7.2× against 62.7×. SM Energy Company grew revenue faster over the last twelve months: 107.6% against 33.5%. SM Energy Company has the higher net margin (13.7% vs 1.30%) and the lower return on invested capital (7.24% vs 8.47%). Both pay a dividend; Crescent Energy Company yields more (4.29% vs 2.89%). Across the 22 metrics below, Crescent Energy Company leads on 14 and SM Energy Company on 8.

Valuation

Metric CRGY SM Oil & Gas E&P median
P/E 62.74 7.18 9.67
P/S 0.77 1.03 1.76
P/B 0.72 0.91 1.19
Price to free cash flow 1.41 3.60 8.37
EV/EBITDA 3.10 4.40 4.59
EV/Sales 1.76 2.11 2.27
Earnings yield 1.59% 13.92% 7.55%
Free cash flow yield 70.95% 27.76% 3.98%

Profitability

Metric CRGY SM Oil & Gas E&P median
Gross margin 100.00% 74.25% 79.54%
Operating margin 27.82% 23.57% 24.01%
Net margin 1.30% 13.69% 14.11%
Free cash flow margin 54.67% 28.56% 7.72%
Return on equity 1.29% 15.02% 8.99%
Return on assets 0.58% 6.69% 4.63%
Return on invested capital 8.47% 7.24% 6.33%

Growth

Metric CRGY SM Oil & Gas E&P median
Revenue growth (TTM) 33.54% 107.58% 13.60%
EPS growth (last fiscal year) 161.36% (15.44%) (10.17%)
Revenue growth, 5-year CAGR 36.54% 22.86% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CRGY SM Oil & Gas E&P median
Debt to equity 0.92 0.85 0.29
Current ratio 0.67 0.57 0.92
Net debt to EBITDA 3.40 1.06 0.93

Dividend

Metric CRGY SM Oil & Gas E&P median
Dividend yield 4.29% 2.89% 3.76%
Payout ratio — 0.21 0.33

Size

Metric CRGY SM Oil & Gas E&P median
Market cap 4.71b 7.05b 953.29m

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