Granite Ridge Resources, Inc. (GRNT) vs Infinity Natural Resources Inc. (INR)

Granite Ridge Resources, Inc. and Infinity Natural Resources Inc. are both Oil & Gas E&P companies. Infinity Natural Resources Inc. is the larger, with a market value of $776.9M against $616.0M — 1.3× the size. Granite Ridge Resources, Inc. has negative trailing earnings, so its P/E is not meaningful; Infinity Natural Resources Inc. trades at 4.0×. Infinity Natural Resources Inc. grew revenue faster over the last twelve months: 75.4% against 24.2%. Infinity Natural Resources Inc. has the higher net margin (9.70% vs −9.31%) and the higher return on invested capital (14.7% vs 4.80%). Across the 17 metrics below, Infinity Natural Resources Inc. leads on 12 and Granite Ridge Resources, Inc. on 5.

Valuation

Metric GRNT INR Oil & Gas E&P median
P/E n/m 4.00 9.67
P/S 1.09 0.44 1.76
P/B 1.13 0.57 1.19
Price to free cash flow n/m n/m 8.37
EV/EBITDA 3.29 2.07 4.59
EV/Sales 1.83 1.42 2.27
Earnings yield (8.57%) 25.00% 7.55%
Free cash flow yield (14.89%) (77.32%) 3.98%

Profitability

Metric GRNT INR Oil & Gas E&P median
Gross margin 100.00% 85.21% 79.54%
Operating margin 13.69% 40.95% 24.01%
Net margin (9.31%) 9.70% 14.11%
Free cash flow margin 47.50% (33.88%) 7.72%
Return on equity (8.81%) 24.78% 8.99%
Return on assets (4.37%) 3.16% 4.63%
Return on invested capital 4.80% 14.68% 6.33%

Growth

Metric GRNT INR Oil & Gas E&P median
Revenue growth (TTM) 24.18% 75.40% 13.60%
EPS growth (last fiscal year) 28.57% — (10.17%)
Revenue growth, 5-year CAGR 38.90% — 18.67%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric GRNT INR Oil & Gas E&P median
Debt to equity 0.85 1.35 0.29
Current ratio 0.90 0.87 0.92
Net debt to EBITDA 1.36 0.74 0.93

Dividend

Metric GRNT INR Oil & Gas E&P median
Dividend yield 9.42% — 3.76%
Payout ratio — — 0.33

Size

Metric GRNT INR Oil & Gas E&P median
Market cap 615.98m 776.92m 953.29m

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