California Resources Corp (CRC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$0.9	$0.88	-2.2%	—	$967M	—
Q4 25	$0.5	$0.47	-6.0%	—	$798M	—
Q3 25	$1.27	$1.46	+15.0%	—	$878M	—
Q2 25	$0.92	$1.1	+19.6%	—	$816M	—
Q1 25	$0.77	$1.07	+39.0%	—	$900M	—
Q4 24	$0.97	$0.91	-6.2%	—	$924M	—
Q3 24	$1.35	$1.5	+11.1%	—	$990M	—
Q2 24	$0.68	$0.6	-11.8%	—	$499M	—
Q1 24	$0.64	$0.75	+17.2%	—	$518M	—
Q4 23	$0.91	$0.93	+2.2%	—	$607M	—
Q3 23	$0.81	$1.02	+25.9%	—	$654M	—
Q2 23	$0.71	$0.53	-25.4%	—	$553M	—
Q1 23	$1.96	$2.63	+34.2%	—	$970M	—
Q4 22	$1.55	$1.24	-20.0%	—	$814M	—
Q3 22	$1.41	$1.45	+2.8%	—	$882M	—
Q2 22	$1.98	$1.13	-42.9%	—	$847M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.17	—	—	$3.4B	—
FY24	—	$4.74	—	—	$2.9B	—
FY23	—	$8.1	—	—	$2.8B	—
FY22	—	$6.94	—	—	$3.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.8B	$2.1B	$3.1B	$2.7B	—	$2.6B	$3.3B	$2.8B	$2.9B	$3.4B
YoY change	-22.8%	+19.6%	+46.1%	-12.1%	—	—	+27%	-13.7%	+4.19%	+16.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.8B	2.1B	3.1B	2.7B	—	2.6B	3.3B	2.8B	2.9B	3.4B
Cost of revenue	1.4B	1.4B	1.8B	1.6B	—	1.2B	1.4B	1.4B	1.6B	1.9B
Gross profit	394M	676M	1.3B	1.1B	—	1.4B	1.8B	1.4B	1.3B	1.5B
Gross margin	22.5%	32.3%	42%	39.3%	—	52.8%	55.9%	49.9%	45.9%	42.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	235M	249M	299M	290M	—	200M	222M	267M	321M	333M
Operating expenses	337M	377M	369M	413M	—	337M	353M	449M	716M	774M
Operating income	-87M	163M	768M	488M	—	873M	1.3B	791M	386M	442M
Operating margin	-4.96%	7.78%	25.1%	18.1%	—	34%	40.1%	28.1%	13.2%	13%
Non-operating income, net	616M	-82M	40M	-5M	—	-590M	-492M	13M	191M	166M
Pretax income	201M	-262M	429M	100M	—	229M	761M	748M	516M	502M
Income tax	-78M	0	0	1M	—	-396M	237M	184M	140M	139M
Net income	279M	-262M	429M	99M	—	625M	524M	564M	376M	363M
Net margin	15.9%	-12.5%	14%	3.68%	—	24.4%	16.1%	20%	12.8%	10.7%
EBITDA	459M	690M	1.2B	887M	—	1.1B	1.5B	1B	788M	964M
EPS	6.76	-6.26	6.77	-0.57	21.2	7.46	6.94	8.1	4.74	4.17
Diluted EPS	6.76	-6.26	6.77	-0.57	21.2	7.37	6.75	7.78	4.62	4.15

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	654M	607M	518M	499M	990M	924M	900M	816M	878M	798M	967M	1.1B
Cost of revenue	313M	335M	299M	281M	503M	527M	507M	464M	483M	501M	521M	493M
Gross profit	341M	272M	219M	218M	487M	397M	393M	352M	395M	297M	446M	599M
Gross margin	52.1%	44.8%	42.3%	43.7%	49.2%	43%	43.7%	43.1%	45%	37.2%	46.1%	54.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	65M	66M	57M	63M	106M	95M	72M	79M	87M	95M	106M	97M
Operating expenses	114M	100M	127M	144M	247M	175M	155M	197M	174M	238M	218M	222M
Operating income	179M	139M	54M	35M	155M	142M	168M	108M	151M	4M	161M	311M
Operating margin	27.4%	22.9%	10.4%	7.01%	15.7%	15.4%	18.7%	13.2%	17.2%	0.5%	16.6%	28.5%
Non-operating income, net	-204M	141M	-67M	-17M	350M	-75M	15M	154M	-51M	48M	-892M	175M
Pretax income	-30M	267M	-19M	11M	483M	41M	162M	242M	75M	23M	-760M	458M
Income tax	-8M	79M	-9M	3M	138M	8M	47M	70M	11M	11M	-49M	-56M
Net income	-22M	188M	-10M	8M	345M	33M	115M	172M	64M	12M	-711M	514M
Net margin	-3.36%	31%	-1.93%	1.6%	34.8%	3.57%	12.8%	21.1%	7.29%	1.5%	-73.5%	47.1%
EBITDA	245M	192M	112M	88M	301M	287M	309M	241M	276M	138M	295M	445M
EPS	-0.32	—	-0.14	0.12	3.86	0.36	1.27	1.93	0.76	0.14	-8.02	5.79
Diluted EPS	-0.32	—	-0.14	0.11	3.78	0.36	1.26	1.92	0.76	0.14	-8.02	5.76

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	860.1M	826.2M	—	442.5M	—	3.5B	3.3B	3.8B	—	3.9B	4.6B
Enterprise value	6.1B	6.1B	—	5.6B	—	3.8B	3.6B	3.9B	—	5.1B	6B
Shares outstanding	40.4M	42.5M	47.4M	49M	83.3M	82M	75.5M	69.6M	79.3M	87M	87M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	3.08	—	—	4.47	—	5.6	6.27	6.75	—	10.7	15.3
P/S	0.49	0.39	—	0.16	—	1.37	1.01	1.35	—	1.14	1.25
P/B	-1.54	-1.15	—	0.87	—	2.07	1.76	1.72	—	1.06	1.37
EV/EBITDA	13.3	8.86	—	6.33	—	3.54	2.42	3.87	—	5.31	11
EV/Sales	3.49	2.92	—	2.08	—	1.49	1.12	1.39	—	1.5	1.59
Earnings yield	32.4%	—	—	22.4%	—	17.8%	16%	14.8%	—	9.33%	6.52%
FCF yield	15.1%	30%	—	152.8%	—	13.3%	9.47%	12.3%	—	22.2%	6.5%
PEG	—	—	—	—	—	—	—	—	—	—	0.08

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	22.5%	32.3%	42%	39.3%	—	52.8%	55.9%	49.9%	45.9%	42.8%	54.9%
Operating margin	-4.96%	7.78%	25.1%	18.1%	—	34%	40.1%	28.1%	13.2%	13%	46.8%
Net margin	15.9%	-12.5%	14%	3.68%	—	24.4%	16.1%	20%	12.8%	10.7%	-3.24%
ROE	-50.1%	36.4%	84.3%	19.6%	—	37%	28.1%	25.4%	10.6%	9.88%	-3.55%
ROA	4.39%	-4.22%	5.99%	1.42%	—	16.3%	13.2%	14.1%	5.27%	4.9%	0.24%
ROIC	-1.85%	3.57%	13.4%	8.51%	—	43.2%	40.5%	25.6%	6.41%	6.52%	18.7%
Return on tangible assets	4.39%	-4.22%	5.99%	1.42%	—	16.3%	13.2%	14.1%	5.27%	4.9%	-1.7%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.59	0.66	1.05	0.69	0.7	0.88	0.97	1.51	1.04	0.89	0.66
Quick ratio	0.51	0.58	0.94	0.6	0.57	0.81	0.9	1.39	0.95	0.79	3.26
Debt / equity	-9.46	-7.37	10.3	10.3	0.54	0.38	0.36	0.27	0.35	0.37	0.4
Debt / assets	0.83	0.85	0.73	0.75	0.21	0.17	0.17	0.15	0.17	0.18	0.18
Net debt / EBITDA	11.5	7.66	4.2	5.83	—	0.31	0.24	0.11	1.08	1.27	1.12
Interest coverage	1.61	0.24	2.13	1.26	—	5.24	15.4	14.4	6.93	5.74	-0.84
Effective tax rate	0%	0%	0%	1%	—	0%	31.1%	24.6%	27.1%	27.7%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	43.4	49.3	64.6	55	—	31.3	43.2	40.4	37	39.1	43.2
EPS (basic)	6.76	-6.26	6.77	-0.57	21.2	7.46	6.94	8.1	4.74	4.17	4.17
EPS (diluted)	6.76	-6.26	6.77	-0.57	21.2	7.37	6.75	7.78	4.62	4.15	-1.25
Book value per share	-13.8	-16.9	10.7	10.3	14.2	20.6	24.7	31.9	44.6	42.2	38.3
FCF per share	3.22	5.84	9.73	13.8	—	5.68	4.12	6.72	7.69	9.94	9.81
Cash per share	0.3	0.47	0.36	0.35	0.34	3.72	4.07	7.13	4.69	1.52	0.63

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Payout ratio	0%	—	—	0%	—	2.24%	11.3%	14.4%	30.1%	37.5%	37.8%
Dividend yield	0%	—	—	0%	—	0.4%	1.8%	2.13%	—	3.5%	3.12%

Yield

3.12%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.405

ex-dividend Sep 4, 2026

Payout ratio

38%

of earnings

Dividend growth

4 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 4, 2026	$0.405
May 29, 2026	$0.405
Mar 13, 2026	$0.405
Dec 1, 2025	$0.405
Aug 27, 2025	$0.388
May 30, 2025	$0.388
Mar 10, 2025	$0.3875
Dec 2, 2024	$0.3875

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$654M	$607M	$518M	$499M	$990M	$924M	$900M	$816M	$878M	$798M	$967M	$1.1B
YoY change	-25.9%	-25.4%	-46.6%	-9.76%	+51.4%	+52.2%	+73.7%	+63.5%	-11.3%	-13.6%	+7.44%	+33.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	12M	20M	17M	17M	28M	305M	307M	496M	372M	132M
Receivables	232M	277M	299M	277M	177M	245M	326M	216M	330M	333M
Inventory	58M	56M	69M	67M	61M	60M	60M	72M	90M	106M
Total current assets	425M	483M	640M	491M	329M	753M	864M	929M	1B	938M
Property, plant & equipment	5.9B	5.7B	6.5B	6.4B	2.7B	2.6B	2.9B	2.8B	-558M	-1.1B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	6.4B	6.2B	7.2B	7B	3.1B	3.8B	4B	4B	7.1B	7.4B
Accounts payable	219M	257M	390M	296M	212M	266M	345M	245M	369M	452M
Short-term debt	100M	—	—	128M	7M	11M	18M	15M	15M	15M
Total current liabilities	726M	732M	607M	709M	473M	854M	894M	616M	980M	1.1B
Long-term debt	5.2B	5.3B	5.3B	5.1B	632M	626M	644M	595M	1.2B	1.3B
Total liabilities	6.9B	6.9B	6.6B	6.5B	1.9B	2.2B	2.1B	1.8B	3.6B	3.7B
Shareholders' equity	-557M	-720M	509M	506M	1.2B	1.7B	1.9B	2.2B	3.5B	3.7B
Total debt	5.3B	5.3B	5.3B	5.2B	639M	637M	662M	610M	1.2B	1.4B
Net debt	5.3B	5.3B	5.2B	5.2B	611M	332M	355M	114M	851M	1.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	479M	496M	403M	1B	241M	372M	214M	72M	196M	132M	40M	56M
Receivables	243M	216M	192M	175M	313M	330M	308M	297M	286M	333M	454M	342M
Inventory	71M	72M	70M	56M	75M	90M	91M	93M	94M	106M	107M	111M
Total current assets	929M	929M	839M	1.4B	872M	1B	799M	728M	812M	938M	788M	697M
Property, plant & equipment	2.8B	2.8B	2.9B	2.9B	5.9B	-558M	5.7B	5.7B	5.6B	-1.1B	6B	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	4B	4B	3.9B	4.5B	7.1B	7.1B	6.8B	6.7B	6.8B	7.4B	7.1B	7.1B
Accounts payable	224M	245M	251M	248M	351M	369M	340M	329M	316M	452M	472M	389M
Short-term debt	13M	15M	19M	19M	20M	15M	144M	144M	144M	15M	13M	—
Total current liabilities	694M	616M	594M	593M	897M	980M	961M	928M	917M	1.1B	1.4B	180M
Long-term debt	642M	595M	597M	1.2B	1.2B	1.2B	952M	948M	956M	1.3B	1.4B	—
Total liabilities	1.9B	1.8B	1.8B	2.4B	3.6B	3.6B	3.3B	3.3B	3.3B	3.7B	4.2B	180M
Shareholders' equity	2B	2.2B	2.1B	2.1B	3.5B	3.5B	3.5B	3.4B	3.4B	3.7B	2.9B	3.4B
Total debt	655M	610M	616M	1.2B	1.2B	1.2B	1.1B	1.1B	1.1B	1.4B	1.4B	—
Net debt	176M	114M	213M	204M	981M	851M	882M	1B	904M	1.2B	1.3B	—

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY15	FY16	FY17	FY18	FY19	FY21	FY22	FY23	FY24	FY25
Net income	-3.6B	279M	-262M	429M	99M	625M	524M	564M	376M	363M
Depreciation & amortization	1B	559M	544M	502M	471M	213M	198M	225M	388M	511M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	117M	-8M	-45M	-38M	21M	-115M	-46M	98M	85M	79M
Operating cash flow	-4.1B	862M	235M	702M	770M	70M	207M	753M	995M	865M
Capital expenditure	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-757M	-61M	-313M	-1.2B	-394M	-161M	-329M	23M	-1.1B	-725M
Dividends paid	-12M	0	—	—	0	-14M	-59M	-81M	-113M	-136M
Share repurchases	—	0	-2M	-11M	-3M	-148M	-313M	-146M	-234M	-389M
Financing cash flow	731M	-2.2B	-2.1B	-2B	-2.6B	-337M	-371M	-289M	217M	-377M
Net change in cash	-4.1B	-1.4B	-2.2B	-2.4B	-2.3B	-428M	-493M	487M	135M	-237M
Free cash flow	403M	130M	248M	461M	676M	466M	311M	468M	610M	865M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-22M	188M	-10M	8M	345M	33M	115M	172M	64M	12M	-711M	514M
Depreciation & amortization	56M	55M	53M	53M	140M	142M	131M	128M	123M	129M	133M	131M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	-75M	239M	26M	100M	591M	193M	263M	165M	279M	235M	99M	263M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-28M	27M	-49M	-33M	-928M	-67M	-79M	-51M	-87M	-543M	-136M	-300M
Dividends paid	-19M	-22M	-21M	-22M	-34M	-36M	-36M	-35M	-32M	-33M	-38M	—
Share repurchases	-21M	0	-99M	-36M	-42M	-57M	-112M	-221M	-35M	-25M	-22M	-1M
Financing cash flow	-45M	-72M	-127M	564M	-119M	-101M	-265M	-256M	-68M	212M	-275M	-556M
Net change in cash	-148M	194M	-150M	631M	-456M	25M	-81M	-142M	124M	-96M	-312M	-593M
Free cash flow	104M	-54M	87M	97M	220M	206M	186M	165M	279M	235M	99M	263M

California Resources Corp Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement