Granite Ridge Resources, Inc. (GRNT) vs W&T Offshore, Inc. (WTI)

Granite Ridge Resources, Inc. and W&T Offshore, Inc. are both Oil & Gas E&P companies. Granite Ridge Resources, Inc. is the larger, with a market value of $616.0M against $483.3M — 1.3× the size. Granite Ridge Resources, Inc. grew revenue faster over the last twelve months: 24.2% against 20.3%. W&T Offshore, Inc. has the higher net margin (−8.44% vs −9.31%) and the lower return on invested capital (0.00% vs 4.80%). Both pay a dividend; Granite Ridge Resources, Inc. yields more (9.42% vs 1.28%). Across the 19 metrics below, Granite Ridge Resources, Inc. leads on 12 and W&T Offshore, Inc. on 7.

Valuation

Metric GRNT WTI Oil & Gas E&P median
P/E n/m n/m 9.67
P/S 1.09 0.79 1.76
P/B 1.13 n/m 1.19
Price to free cash flow n/m 7.70 8.37
EV/EBITDA 3.29 3.59 4.59
EV/Sales 1.83 1.05 2.27
Earnings yield (8.57%) (10.90%) 7.55%
Free cash flow yield (14.89%) 12.99% 3.98%

Profitability

Metric GRNT WTI Oil & Gas E&P median
Gross margin 100.00% 46.40% 79.54%
Operating margin 13.69% 4.99% 24.01%
Net margin (9.31%) (8.44%) 14.11%
Free cash flow margin 47.50% 10.23% 7.72%
Return on equity (8.81%) 28.00% 8.99%
Return on assets (4.37%) (5.20%) 4.63%
Return on invested capital 4.80% 0.00% 6.33%

Growth

Metric GRNT WTI Oil & Gas E&P median
Revenue growth (TTM) 24.18% 20.26% 13.60%
EPS growth (last fiscal year) 28.57% (71.19%) (10.17%)
Revenue growth, 5-year CAGR 38.90% 7.66% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GRNT WTI Oil & Gas E&P median
Debt to equity 0.85 (1.85) 0.29
Current ratio 0.90 1.31 0.92
Net debt to EBITDA 1.36 2.09 0.93

Dividend

Metric GRNT WTI Oil & Gas E&P median
Dividend yield 9.42% 1.28% 3.76%
Payout ratio — — 0.33

Size

Metric GRNT WTI Oil & Gas E&P median
Market cap 615.98m 483.27m 953.29m

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