California Resources Corporation (CRC) Income Statement
CRC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCRC revenue and net income
Where CRC's revenue goes
2025Each bar shows an amount and its share of revenue. CRC kept 10.1% of revenue as net income.
CRC profit margins
CRC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +21.9% | +3.4% | +17.5% | +4.4% |
| Gross profit | +18.8% | −6.3% | +28.8% | +14.8% |
| Operating income | +30.9% | −14.3% | +161.3% | — |
| Net income | −3.5% | −11.5% | −28.0% | — |
| EPS (diluted) | +9.0% | −6.1% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CRC quarterly EPS vs estimates
California Resources beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 2, 2026 (estimate $0.92).
CRC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.60B | $2.96B | $2.81B | $3.26B | $2.56B | $1.61B | $2.69B | $3.06B | $2.10B | $1.75B |
| Cost of revenue | $2.18B | $1.75B | $1.49B | $1.52B | $1.32B | $1.21B | $1.43B | $1.48B | $1.47B | $1.38B |
| Gross profit | $1.43B | $1.20B | $1.33B | $1.74B | $1.25B | $403.0M | $1.26B | $1.59B | $629.0M | $371.0M |
| Sales, general & admin | $571.0M | $556.0M | $267.0M | $222.0M | $200.0M | $252.0M | $290.0M | $299.0M | $249.0M | $271.0M |
| Total operating expenses | $576.0M | $551.0M | $432.0M | $384.0M | $345.0M | $396.0M | $411.0M | $448.0M | $385.0M | $385.0M |
| Operating income | $852.0M | $651.0M | $894.0M | $1.35B | $902.0M | $7.0M | $851.0M | $1.14B | $73.0M | −$14.0M |
| Interest income | $110.0M | $26.0M | $40.0M | $54.0M | $54.0M | $217.0M | $383.0M | $379.0M | $343.0M | $328.0M |
| Interest expense | $106.0M | $87.0M | $56.0M | $53.0M | $54.0M | $217.0M | $383.0M | $379.0M | $343.0M | $328.0M |
| Income before taxes | $502.0M | $516.0M | $748.0M | $761.0M | $229.0M | $1.87B | $100.0M | $429.0M | −$262.0M | $201.0M |
| Income taxes | $139.0M | $140.0M | $184.0M | $237.0M | −$396.0M | −$1.46B | $1.0M | $101.0M | $340.0M | −$78.0M |
| Net income | $363.0M | $376.0M | $564.0M | $524.0M | $612.0M | $1.88B | −$28.0M | $328.0M | −$266.0M | $279.0M |
| EBITDA | $1.24B | $1.08B | $1.07B | $1.05B | $546.0M | $2.45B | $997.0M | $1.35B | $652.0M | $1.08B |
| EPS (diluted) | $4.10 | $3.76 | $5.11 | $4.95 | $6.12 | −$8.19 | $1.42 | $1.23 | −$4.40 | −$7.91 |
| Gross margin | 39.6% | 40.6% | 47.1% | 53.3% | 48.6% | 25.0% | 46.9% | 51.8% | 30.0% | 21.2% |
| Operating margin | 23.6% | 22.0% | 31.8% | 41.6% | 35.2% | 0.4% | 31.6% | 37.2% | 3.5% | −0.8% |
| Net margin | 10.1% | 12.7% | 20.0% | 16.1% | 23.9% | 117.0% | −1.0% | 10.7% | −12.7% | 15.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.30B | $967.0M | $871.0M | $878.0M | $821.0M | $906.0M | $926.0M | $997.0M | $509.0M | $525.0M | $607.0M | $664.0M |
| Cost of revenue | $468.0M | $579.0M | $562.0M | $541.0M | $517.0M | $556.0M | $579.0M | $558.0M | $296.0M | $324.0M | $328.0M | $334.0M |
| Gross profit | $829.0M | $388.0M | $309.0M | $337.0M | $304.0M | $350.0M | $347.0M | $439.0M | $213.0M | $201.0M | $279.0M | $330.0M |
| Sales, general & admin | $123.0M | $106.0M | $95.0M | $87.0M | $79.0M | $72.0M | $95.0M | $157.0M | $63.0M | $57.0M | $66.0M | $65.0M |
| Total operating expenses | $318.0M | $173.0M | $150.0M | $157.0M | $126.0M | $143.0M | $163.0M | $191.0M | $102.0M | $95.0M | $99.0M | $113.0M |
| Operating income | $511.0M | $215.0M | $159.0M | $180.0M | $178.0M | $207.0M | $184.0M | $248.0M | $111.0M | $106.0M | $180.0M | $217.0M |
| Interest income | — | — | $30.0M | $27.0M | $5.0M | $6.0M | $2.0M | $7.0M | $10.0M | $7.0M | — | $18.0M |
| Interest expense | $28.0M | $29.0M | $29.0M | $25.0M | $25.0M | $27.0M | $28.0M | $29.0M | $17.0M | $13.0M | $13.0M | $15.0M |
| Income before taxes | $458.0M | −$760.0M | $23.0M | $75.0M | $242.0M | $162.0M | $41.0M | $483.0M | $11.0M | −$19.0M | $267.0M | −$30.0M |
| Income taxes | −$56.0M | −$49.0M | $11.0M | $11.0M | $70.0M | $47.0M | $8.0M | $138.0M | $3.0M | −$9.0M | $79.0M | −$8.0M |
| Net income | $514.0M | −$711.0M | $12.0M | $64.0M | $172.0M | $115.0M | $33.0M | $345.0M | $8.0M | −$10.0M | $188.0M | −$22.0M |
| EBITDA | $617.0M | −$571.0M | $219.0M | $251.0M | $423.0M | $349.0M | $242.0M | $683.0M | $94.0M | $59.0M | $346.0M | $53.0M |
| EPS (diluted) | $0.99 | $0.88 | $0.47 | $1.46 | $1.10 | $1.07 | $0.91 | $1.50 | $0.60 | $0.75 | $0.93 | $1.02 |
| Gross margin | 63.9% | 40.1% | 35.5% | 38.4% | 37.0% | 38.6% | 37.5% | 44.0% | 41.8% | 38.3% | 46.0% | 49.7% |
| Operating margin | 39.4% | 22.2% | 18.3% | 20.5% | 21.7% | 22.8% | 19.9% | 24.9% | 21.8% | 20.2% | 29.7% | 32.7% |
| Net margin | 39.6% | −73.5% | 1.4% | 7.3% | 21.0% | 12.7% | 3.6% | 34.6% | 1.6% | −1.9% | 31.0% | −3.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CRC's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CRC financial results
In fiscal year 2025 (ended December 31, 2025), California Resources reported revenue of $3.6 billion, up 21.9% from the year before. It had net income of $363.0 million (down 3.5%), a net profit margin of 10.1%. Diluted earnings per share came to $4.10. Over five years revenue grew at an average rate of 17.5% a year.
See the CRC stock overview for the latest quote and news, or the CRC chart for price history and technical indicators.
CRC income statement FAQ
What is California Resources's annual revenue?
California Resources reported total revenue of $3.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 21.9% from $3.0 billion the previous year.
Is California Resources profitable?
Yes. California Resources reported net income of $363.0 million in fiscal 2025, a net profit margin of 10.1%; its operating margin was 23.6%.
What is California Resources's gross margin?
California Resources's gross margin was 39.6% in fiscal 2025: for every $100 of revenue, California Resources kept $40 after the direct cost of its products and services.
How fast is California Resources growing?
Revenue grew 17.5% a year on average over the last five fiscal years, from $1.6 billion to $3.6 billion.
What are California Resources's earnings per share?
California Resources earned $4.10 per diluted share in fiscal 2025, compared with $3.76 a year earlier.
When will California Resources report its next earnings?
California Resources is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does California Resources's fiscal year end?
California Resources's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.