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 $8.9B against $5.1B — 1.7× the size. SM Energy Company trades at the lower P/E: 7.7× against 98.4×. SM Energy Company grew revenue faster over the last twelve months: 75.4% against 24.3%. SM Energy Company has the higher net margin (18.2% vs 1.27%) and the higher return on invested capital (7.36% vs 5.51%). Both pay a dividend; Crescent Energy Company yields more (3.49% vs 2.68%). Across the 22 metrics below, Crescent Energy Company leads on 12 and SM Energy Company on 10.

Valuation

Metric CRGY SM Oil & Gas E&P median
P/E 98.36 7.74 11.01
P/S 1.06 1.72 1.98
P/B 0.88 1.21 1.30
Price to free cash flow 1.86 5.75 10.68
EV/EBITDA 4.32 5.07 5.09
EV/Sales 2.21 3.03 2.63
Earnings yield 1.02% 12.91% 5.78%
Free cash flow yield 53.64% 17.38% 4.91%

Profitability

Metric CRGY SM Oil & Gas E&P median
Gross margin 100.00% 74.16% 80.41%
Operating margin 20.56% 29.59% 21.39%
Net margin 1.27% 18.20% 14.17%
Free cash flow margin 56.61% 29.85% 8.18%
Return on equity 1.13% 16.13% 10.05%
Return on assets 0.50% 7.18% 5.81%
Return on invested capital 5.51% 7.36% 6.32%

Growth

Metric CRGY SM Oil & Gas E&P median
Revenue growth (TTM) 24.25% 75.36% 9.94%
EPS growth (last fiscal year) 178.92% (15.44%) (10.50%)
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 1.00 0.85 0.28
Current ratio 0.94 0.62 0.96
Net debt to EBITDA 3.40 1.06 0.89

Dividend

Metric CRGY SM Oil & Gas E&P median
Dividend yield 3.49% 2.68% 3.29%
Payout ratio — 0.21 0.35

Size

Metric CRGY SM Oil & Gas E&P median
Market cap 5.13b 8.92b 1.04b

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