Cross Timbers Royalty Trust (CRT) vs Empire Petroleum Corporation (EP)

Cross Timbers Royalty Trust and Empire Petroleum Corporation are both Oil & Gas E&P companies. Empire Petroleum Corporation is the larger, with a market value of $94.0M against $73.5M — 1.3× the size. Empire Petroleum Corporation has negative trailing earnings, so its P/E is not meaningful; Cross Timbers Royalty Trust trades at 23.6×. Empire Petroleum Corporation grew revenue faster over the last twelve months: −20.8% against −22.4%. Cross Timbers Royalty Trust has the higher net margin (25.3% vs −229.6%) and the higher return on invested capital (877.3% vs −225.0%). Across the 19 metrics below, Cross Timbers Royalty Trust leads on 13 and Empire Petroleum Corporation on 6.

Valuation

Metric CRT EP Oil & Gas E&P median
P/E 23.58 n/m 10.57
P/S 5.97 2.80 1.80
P/B 35.85 11.90 1.27
Price to free cash flow n/m n/m 9.99
EV/EBITDA 15.72 n/m 5.08
EV/Sales 5.83 3.19 2.39
Earnings yield 4.24% (97.16%) 6.06%
Free cash flow yield 0.00% (13.09%) 6.17%

Profitability

Metric CRT EP Oil & Gas E&P median
Gross margin 38.72% 25.08% 80.41%
Operating margin 37.08% (224.05%) 21.39%
Net margin 25.30% (229.58%) 14.17%
Free cash flow margin 0.00% (36.72%) 9.71%
Return on equity 145.08% (230.66%) 10.05%
Return on assets 84.63% (69.31%) 5.81%
Return on invested capital 877.28% (224.98%) 6.32%

Growth

Metric CRT EP Oil & Gas E&P median
Revenue growth (TTM) (22.38%) (20.82%) 9.94%
EPS growth (last fiscal year) (21.05%) (292.59%) —
Revenue growth, 5-year CAGR 4.85% 34.65% 18.67%
Net income growth, 5-year CAGR (7.62%) 0.00% 0.00%

Health

Metric CRT EP Oil & Gas E&P median
Debt to equity 0.00 2.07 0.28
Current ratio 1.00 0.42 0.96
Net debt to EBITDA (0.35) (0.25) 0.91

Dividend

Metric CRT EP Oil & Gas E&P median
Dividend yield 10.07% — 4.93%
Payout ratio 1.00 — 0.07

Size

Metric CRT EP Oil & Gas E&P median
Market cap 73.50m 94.02m 923.59m

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