Infinity Natural Resources Inc. (INR) vs Tamboran Resources Corporation (TBN)

Infinity Natural Resources Inc. and Tamboran Resources Corporation are both Oil & Gas E&P companies. Tamboran Resources Corporation is the larger, with a market value of $981.3M against $776.9M — 1.3× the size. Tamboran Resources Corporation has negative trailing earnings, so its P/E is not meaningful; Infinity Natural Resources Inc. trades at 4.0×. Infinity Natural Resources Inc. has the higher net margin (9.70% vs 0.00%) and the higher return on invested capital (14.7% vs −2.54%). Across the 12 metrics below, Infinity Natural Resources Inc. leads on 8 and Tamboran Resources Corporation on 4.

Valuation

Metric INR TBN Oil & Gas E&P median
P/E 4.00 n/m 9.67
P/S 0.44 n/m 1.76
P/B 0.57 0.87 1.19
Price to free cash flow n/m n/m 8.37
EV/EBITDA 2.07 n/m 4.59
EV/Sales 1.42 n/m 2.27
Earnings yield 25.00% (4.56%) 7.55%
Free cash flow yield (77.32%) (21.92%) 3.98%

Profitability

Metric INR TBN Oil & Gas E&P median
Gross margin 85.21% — 79.54%
Operating margin 40.95% 0.00% 24.01%
Net margin 9.70% 0.00% 14.11%
Free cash flow margin (33.88%) 0.00% 7.72%
Return on equity 24.78% (3.84%) 8.99%
Return on assets 3.16% (3.26%) 4.63%
Return on invested capital 14.68% (2.54%) 6.33%

Growth

Metric INR TBN Oil & Gas E&P median
Revenue growth (TTM) 75.40% — 13.60%
EPS growth (last fiscal year) — 53.97% (10.17%)
Revenue growth, 5-year CAGR — — 18.67%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric INR TBN Oil & Gas E&P median
Debt to equity 1.35 0.07 0.29
Current ratio 0.87 2.61 0.92
Net debt to EBITDA 0.74 5.01 0.93

Dividend

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

Size

Metric INR TBN Oil & Gas E&P median
Market cap 776.92m 981.33m 953.29m

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