Cross Timbers Royalty Trust (CRT) Income Statement
CRT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCRT revenue and net income
Where CRT's revenue goes
2025Each bar shows an amount and its share of revenue. CRT kept 77.6% of revenue as net income.
CRT profit margins
CRT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −11.8% | −22.6% | +1.7% | −4.2% |
| Gross profit | −16.0% | −23.9% | +0.8% | −4.7% |
| Operating income | −20.1% | −27.4% | −0.8% | −5.8% |
| Net income | −20.9% | −27.4% | −0.8% | −5.8% |
| EPS (diluted) | −20.0% | −27.0% | +0.3% | −5.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CRT quarterly EPS vs estimates
Cross Timbers Royalty beat the analyst EPS estimate in 1 of the last 1 quarters. Next report: November 12, 2026.
CRT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.8M | $6.6M | $12.4M | $12.5M | $7.4M | $5.3M | $5.9M | $9.1M | $6.6M | $7.5M |
| Cost of revenue | $274,924 | $9.17T | −$25.43B | $15.28B | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross profit | $5.5M | $6.6M | $12.4M | $12.5M | $7.4M | $5.3M | $5.9M | $9.1M | $6.6M | $7.5M |
| Research & development | — | — | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 |
| Sales, general & admin | $847,078 | $945,612 | $816,185 | $765,955 | $765,317 | $639,441 | $702,643 | $595,606 | $575,144 | $475,015 |
| Total operating expenses | $1.0M | $945,612 | $816,185 | $765,955 | $765,317 | $639,441 | $702,643 | $595,606 | $575,144 | $1.2M |
| Operating income | $4.5M | $5.6M | $11.5M | $11.7M | $6.7M | $4.7M | $5.2M | $8.5M | $6.1M | $6.4M |
| Interest income | $49,682 | $60,253 | $63,897 | $15,464 | $168 | $5,864 | $25,069 | $20,173 | $7,597 | $23,109 |
| Interest expense | — | — | — | — | $168 | $0 | $0 | $0 | $0 | $0 |
| Income before taxes | $4.5M | $5.7M | $11.5M | $11.7M | $6.7M | $4.7M | $5.3M | $8.6M | $6.1M | $6.4M |
| Income taxes | — | — | −$2 | −$15,464 | −$168 | −$5,864 | −$25,069 | −$20,173 | $584,869 | $592,218 |
| Net income | $4.5M | $5.7M | $11.5M | $11.7M | $6.7M | $4.7M | $5.3M | $8.6M | $6.1M | $6.4M |
| EBITDA | $4.8M | $5.9M | $11.8M | $12.0M | $6.7M | $4.7M | $5.2M | $8.5M | $6.1M | $6.4M |
| EPS (diluted) | $0.76 | $0.95 | $1.92 | $1.95 | $1.13 | $0.75 | $0.88 | $1.43 | $1.00 | $0.93 |
| Gross margin | 95.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 77.6% | 85.6% | 93.4% | 93.9% | 89.7% | 88.0% | 88.2% | 93.5% | 91.4% | 84.4% |
| Net margin | 77.6% | 86.5% | 93.4% | 94.0% | 89.7% | 88.1% | 88.6% | 93.7% | 91.4% | 84.4% |
| 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 | $1.1M | $787,847 | $1.6M | $761,552 | $1.3M | $2.1M | $1.5M | $1.7M | $1.6M | $4.4M | $2.5M | $5.37T |
| Cost of revenue | $32,970 | $33,214 | $74,677 | $2.1M | $2.5M | $2.0M | $44,631 | −$14,464 | −$3.1M | $2.7M | — | $2.16T |
| Gross profit | $1.1M | $754,633 | $1.6M | $761,552 | $1.3M | $2.1M | $1.4M | $1.7M | $1.6M | $1.7M | — | $3.21T |
| Sales, general & admin | $240,566 | $234,441 | $131,453 | $170,963 | $263,200 | $281,462 | $158,890 | $190,936 | $234,286 | $147,303 | $147,303 | $241,584 |
| Total operating expenses | $207,596 | $251,227 | $206,776 | $320,963 | $413,200 | $281,462 | $114,259 | $190,936 | $234,286 | −$403,277 | $147,303 | $22.86B |
| Operating income | $861,180 | $503,406 | $1.4M | $440,589 | $880,566 | $1.8M | $1.3M | $1.5M | $1.3M | $2.1M | $2.4M | $3.19T |
| Interest income | $13,591 | $13,666 | $12,965 | $12,729 | $11,982 | $12,006 | $13,643 | $14,464 | $15,173 | $16,973 | $15,954 | $16,596 |
| Interest expense | — | — | — | — | — | — | — | — | — | $273,506 | — | — |
| Income before taxes | $861,180 | $503,406 | $1.4M | $453,318 | $892,548 | $1.8M | $1.3M | $1.5M | $1.3M | $2.4M | $2.4M | $2.5M |
| Income taxes | — | — | — | — | — | — | −$4 | −$176,472 | −$2 | $4 | — | −$201,998 |
| Net income | $861,180 | $503,406 | $1.4M | $453,318 | $892,548 | $1.8M | $1.3M | $1.5M | $1.3M | $2.4M | $2.4M | $2.5M |
| EBITDA | $894,150 | $536,620 | $1.4M | $440,589 | $880,566 | $1.8M | $1.4M | $1.6M | $1.4M | $2.5M | — | $55,015 |
| EPS (diluted) | $0.14 | $0.08 | $0.23 | $0.08 | $0.15 | $0.30 | $0.22 | $0.25 | $0.22 | $0.25 | $0.40 | $0.41 |
| Gross margin | 97.0% | 95.8% | 95.5% | 100.0% | 100.0% | 100.0% | 97.0% | 100.0% | 100.0% | 38.7% | — | 59.8% |
| Operating margin | 78.2% | 63.9% | 82.9% | 57.9% | 68.1% | 86.3% | 89.2% | 88.8% | 85.2% | 48.0% | 94.2% | 59.4% |
| Net margin | 78.2% | 63.9% | 82.9% | 59.5% | 69.0% | 86.9% | 89.2% | 88.8% | 85.2% | 55.3% | 94.8% | 0.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CRT's financial statements (latest annual report filed March 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CRT financial results
In fiscal year 2025 (ended December 31, 2025), Cross Timbers Royalty reported revenue of $5.8 million, down 11.8% from the year before. It had net income of $4.5 million (down 20.9%), a net profit margin of 77.6%. Diluted earnings per share came to $0.76. Over five years revenue grew at an average rate of 1.7% a year.
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CRT income statement FAQ
What is Cross Timbers Royalty's annual revenue?
Cross Timbers Royalty reported total revenue of $5.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 11.8% from $6.6 million the previous year.
Is Cross Timbers Royalty profitable?
Yes. Cross Timbers Royalty reported net income of $4.5 million in fiscal 2025, a net profit margin of 77.6%; its operating margin was 77.6%.
What is Cross Timbers Royalty's gross margin?
Cross Timbers Royalty's gross margin was 95.3% in fiscal 2025: for every $100 of revenue, Cross Timbers Royalty kept $95 after the direct cost of its products and services.
How fast is Cross Timbers Royalty growing?
Revenue grew 1.7% a year on average over the last five fiscal years, from $5.3 million to $5.8 million.
What are Cross Timbers Royalty's earnings per share?
Cross Timbers Royalty earned $0.76 per diluted share in fiscal 2025, compared with $0.95 a year earlier.
When will Cross Timbers Royalty report its next earnings?
Cross Timbers Royalty is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Cross Timbers Royalty's fiscal year end?
Cross Timbers Royalty's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 27, 2026.