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 $1.1B against $824.5M — 1.3× the size. Tamboran Resources Corporation has negative trailing earnings, so its P/E is not meaningful; Infinity Natural Resources Inc. trades at 4.5×. 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 4.47 n/m 11.01
P/S 0.48 n/m 1.98
P/B 0.63 0.73 1.30
Price to free cash flow n/m n/m 10.68
EV/EBITDA 2.13 n/m 5.09
EV/Sales 1.46 n/m 2.63
Earnings yield 22.36% (3.86%) 5.78%
Free cash flow yield (70.79%) (26.19%) 4.91%

Profitability

Metric INR TBN Oil & Gas E&P median
Gross margin 85.21% — 80.41%
Operating margin 40.95% 0.00% 21.39%
Net margin 9.70% 0.00% 14.17%
Free cash flow margin (33.88%) 0.00% 8.18%
Return on equity 24.78% (3.84%) 10.05%
Return on assets 3.16% (3.26%) 5.81%
Return on invested capital 14.68% (2.54%) 6.32%

Growth

Metric INR TBN Oil & Gas E&P median
Revenue growth (TTM) 75.40% — 9.94%
EPS growth (last fiscal year) — 53.97% (10.50%)
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 0.28
Current ratio 0.87 2.61 0.96
Net debt to EBITDA 0.74 5.01 0.89

Dividend

Metric INR TBN Oil & Gas E&P median
Dividend yield — — 3.29%
Payout ratio — — 0.35

Size

Metric INR TBN Oil & Gas E&P median
Market cap 824.49m 1.11b 1.04b

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