Greenfire Resources Ltd. (GFR) vs Kimbell Royalty (KRP)

Greenfire Resources Ltd. and Kimbell Royalty are both Oil & Gas E&P companies. Kimbell Royalty is the larger, with a market value of $1.9B against $1.5B — 1.3× the size. Greenfire Resources Ltd. has negative trailing earnings, so its P/E is not meaningful; Kimbell Royalty trades at 17.3×. Kimbell Royalty grew revenue faster over the last twelve months: 6.17% against −16.5%. Kimbell Royalty has the higher net margin (23.0% vs −6.42%) and the higher return on invested capital (7.76% vs 0.48%). Across the 18 metrics below, Kimbell Royalty leads on 13 and Greenfire Resources Ltd. on 5.

Valuation

Metric GFR KRP Oil & Gas E&P median
P/E n/m 17.35 10.57
P/S 1.75 4.11 1.80
P/B 0.89 2.10 1.27
Price to free cash flow n/m 7.26 9.99
EV/EBITDA 11.69 7.01 5.08
EV/Sales 1.81 5.39 2.39
Earnings yield (4.77%) 5.77% 6.06%
Free cash flow yield (5.90%) 13.77% 6.17%

Profitability

Metric GFR KRP Oil & Gas E&P median
Gross margin 91.87% 100.00% 80.41%
Operating margin 1.54% 40.15% 21.39%
Net margin (6.42%) 23.03% 14.17%
Free cash flow margin (10.30%) 56.63% 9.71%
Return on equity (3.69%) 11.97% 10.05%
Return on assets (2.89%) 6.02% 5.81%
Return on invested capital 0.48% 7.76% 6.32%

Growth

Metric GFR KRP Oil & Gas E&P median
Revenue growth (TTM) (16.46%) 6.17% 9.94%
EPS growth (last fiscal year) (62.10%) 616.67% —
Revenue growth, 5-year CAGR — 29.84% 18.67%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric GFR KRP Oil & Gas E&P median
Debt to equity 0.03 0.72 0.28
Current ratio 0.96 7.30 0.96
Net debt to EBITDA (0.21) 1.53 0.91

Dividend

Metric GFR KRP Oil & Gas E&P median
Dividend yield — 11.33% 4.93%
Payout ratio 0.00 1.03 0.07

Size

Metric GFR KRP Oil & Gas E&P median
Market cap 1.49b 1.90b 923.59m

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