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 $671.4M against $552.5M — 1.2× the size. Granite Ridge Resources, Inc. grew revenue faster over the last twelve months: 14.6% against 13.8%. Granite Ridge Resources, Inc. has the higher net margin (−5.56% vs −19.3%) and the lower return on invested capital (2.36% vs 74.1%). Both pay a dividend; Granite Ridge Resources, Inc. yields more (8.07% vs 1.04%). Across the 19 metrics below, Granite Ridge Resources, Inc. leads on 11 and W&T Offshore, Inc. on 8.

Valuation

Metric GRNT WTI Oil & Gas E&P median
P/E n/m n/m 11.01
P/S 1.44 1.02 1.98
P/B 1.27 n/m 1.30
Price to free cash flow n/m 15.16 10.68
EV/EBITDA 4.31 5.09 5.09
EV/Sales 2.28 1.38 2.63
Earnings yield (3.85%) (19.06%) 5.78%
Free cash flow yield (14.15%) 6.60% 4.91%

Profitability

Metric GRNT WTI Oil & Gas E&P median
Gross margin 100.00% 43.34% 80.41%
Operating margin 7.47% 0.99% 21.39%
Net margin (5.56%) (19.32%) 14.17%
Free cash flow margin (20.35%) 6.73% 8.18%
Return on equity (4.58%) 72.64% 10.05%
Return on assets (2.35%) (10.95%) 5.81%
Return on invested capital 2.36% 74.05% 6.32%

Growth

Metric GRNT WTI Oil & Gas E&P median
Revenue growth (TTM) 14.60% 13.75% 9.94%
EPS growth (last fiscal year) 28.57% (71.19%) (10.50%)
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 0.82 (1.79) 0.28
Current ratio 1.02 1.17 0.96
Net debt to EBITDA 1.36 2.09 0.89

Dividend

Metric GRNT WTI Oil & Gas E&P median
Dividend yield 8.07% 1.04% 3.29%
Payout ratio — — 0.35

Size

Metric GRNT WTI Oil & Gas E&P median
Market cap 671.38m 552.45m 1.04b

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