California Resources Corporation (CRC) Key Metrics
CRC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.83B
- Enterprise value
- $5.97B
- P/E (TTM)
- — 10-yr median 6.7
- Forward P/E
- 11.9
- PEG ratio
- 0.44
- Price / sales
- 1.3 10-yr median 1.3
- Price / book
- 1.4 10-yr median 1.8
- EV / EBITDA
- 14.1 10-yr median 4.0
- Dividend yield
- 2.98% $1.62 a year
- Beta
- 1.02
CRC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCRC valuation Price multiples at each fiscal year-end price.
CRC returns How much profit the business earns on the capital it uses.
CRC per-share figures Results divided by the shares outstanding at year-end.
CRC financial health Debt, liquidity and how easily interest is covered.
CRC efficiency & capital use Working capital cycle and where the cash goes.
CRC valuation history
CRC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CRC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CRC cash returned to shareholders
CRC price vs earnings per share
CRC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.91B | $4.22B | $3.96B | $3.38B | $3.54B | $1.97B | — | — | — | — |
| Enterprise value | $5.13B | $5.07B | $4.08B | $3.73B | $3.88B | $2.58B | — | — | — | — |
| P/E ratio | 10.8 | 11.2 | 7.0 | 6.4 | 5.8 | 1.0 | — | — | — | — |
| Price / sales | 1.1 | 1.4 | 1.4 | 1.0 | 1.4 | 1.2 | — | — | — | — |
| Price / book | 1.1 | 1.2 | 1.8 | 1.8 | 2.1 | 1.7 | — | — | — | — |
| Price / free cash flow | 7.2 | 12.1 | 8.6 | 5.0 | 5.4 | 33.3 | — | — | — | — |
| Price / operating cash flow | 4.5 | 7.0 | 6.1 | 4.9 | 5.4 | 18.5 | — | — | — | — |
| EV / sales | 1.4 | 1.7 | 1.4 | 1.1 | 1.5 | 1.6 | — | — | — | — |
| EV / EBITDA | 4.1 | 4.7 | 3.8 | 3.5 | 7.1 | 1.1 | — | — | — | — |
| EV / free cash flow | 9.5 | 14.5 | 8.9 | 5.5 | 5.9 | 43.7 | — | — | — | — |
| Earnings yield | 9.3% | 8.9% | 14.2% | 15.5% | 17.3% | 95.8% | — | — | — | — |
| Free cash flow yield | 13.9% | 8.3% | 11.6% | 20.1% | 18.6% | 3.0% | — | — | — | — |
| Dividend yield | 3.5% | 2.7% | 2.0% | 1.7% | 0.4% | 22.6% | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 13.1% | 7.2% | 5.7% | 11.0% | 4.6% | 22.7% | — | — | — | — |
| Share price at fiscal year-end | $44.71 | $51.89 | $54.68 | $43.51 | $42.71 | $23.59 | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $41.24 | $36.33 | $38.80 | $41.98 | $30.90 | $19.31 | $54.74 | $64.62 | $49.32 | $43.39 |
| Earnings per share | $4.15 | $4.62 | $7.78 | $6.75 | $7.37 | $22.59 | −$0.57 | $6.92 | −$6.26 | $6.91 |
| Operating cash flow per share | $9.90 | $7.43 | $8.90 | $8.89 | $7.95 | $1.27 | $13.74 | $9.73 | $5.84 | $3.22 |
| Free cash flow per share | $6.21 | $4.30 | $6.34 | $8.74 | $7.95 | $0.71 | $13.74 | −$4.83 | −$2.89 | $1.36 |
| Cash per share | $1.51 | $4.57 | $6.84 | $3.96 | $3.67 | $0.34 | $0.35 | $0.36 | $0.47 | $0.30 |
| Book value per share | $42.04 | $43.46 | $30.61 | $24.02 | $20.34 | $13.66 | −$7.91 | $10.74 | −$16.94 | −$13.79 |
| Tangible book value per share | $42.04 | $43.46 | $30.61 | $24.02 | $20.34 | $13.66 | −$7.91 | $10.74 | −$16.94 | −$13.79 |
| Dividends per share | $1.56 | $1.39 | $1.12 | $0.76 | $0.17 | $5.34 | $47.36 | $59.56 | — | $0.00 |
| Capex per share | $3.68 | $3.13 | $2.55 | $0.15 | $2.34 | $0.56 | $9.25 | $14.56 | $8.73 | $1.86 |
| Debt per share | $15.55 | $15.02 | $8.41 | $8.53 | $7.67 | $7.67 | $102.50 | $115.34 | $131.60 | $130.40 |
| Shares outstanding | 87.4M | 81.4M | 72.5M | 77.6M | 83.0M | 83.3M | 49.2M | 47.4M | 42.5M | 40.4M |
| Change in shares outstanding | +7.4% | +12.3% | −6.6% | −6.5% | −0.4% | +69.3% | +3.8% | +11.5% | +5.2% | +5.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.1% | 13.1% | 27.6% | 29.5% | 43.3% | 502.5% | — | — | — | — |
| Return on invested capital (ROIC) | 13.3% | 14.1% | 29.6% | 44.0% | 47.9% | 0.2% | 15.9% | 16.1% | 1.2% | −0.3% |
| Return on assets (ROA) | 5.0% | 6.8% | 14.2% | 13.4% | 17.7% | 37.5% | −0.4% | 4.9% | −4.2% | 4.2% |
| Return on tangible assets | 4.9% | 5.3% | 14.1% | 13.2% | 15.9% | 61.2% | −0.4% | 4.6% | −4.3% | 4.4% |
| Free cash flow margin | 15.1% | 11.8% | 16.4% | 20.8% | 25.7% | 3.7% | 25.1% | −7.5% | −5.9% | 3.1% |
| Income quality (OCF / net income) | 2.38 | 1.61 | 1.14 | 1.32 | 1.08 | 0.06 | — | 1.41 | — | 0.47 |
| Financial health | ||||||||||
| Total debt | $1.36B | $1.22B | $610.0M | $662.0M | $637.0M | $639.0M | $5.04B | $5.47B | $5.59B | $5.27B |
| Cash & short-term investments | $132.0M | $372.0M | $496.0M | $307.0M | $305.0M | $28.0M | $17.0M | $17.0M | $20.0M | $12.0M |
| Net debt | $1.23B | $851.0M | $114.0M | $355.0M | $332.0M | $611.0M | $5.03B | $5.45B | $5.57B | $5.26B |
| Debt / equity | 0.37 | 0.35 | 0.27 | 0.36 | 0.38 | 0.56 | — | 10.74 | — | — |
| Debt / assets | 0.18 | 0.17 | 0.15 | 0.17 | 0.17 | 0.21 | 0.72 | 0.76 | 0.90 | 0.83 |
| Net debt / EBITDA | 0.99 | 0.79 | 0.11 | 0.34 | 0.61 | 0.25 | 5.04 | 4.03 | 8.55 | 4.87 |
| Current ratio | 0.89 | 1.04 | 1.51 | 0.97 | 0.88 | 0.70 | 0.69 | 1.05 | 0.66 | 0.59 |
| Quick ratio | 0.79 | 0.95 | 1.39 | 0.90 | 0.81 | 0.57 | 0.60 | 0.94 | 0.58 | 0.51 |
| Interest coverage | 8.0 | 7.5 | 16.0 | 25.5 | 16.7 | 0.0 | 2.2 | 3.0 | 0.2 | -0.0 |
| Working capital | −$112.0M | $44.0M | $313.0M | −$30.0M | −$101.0M | −$144.0M | −$218.0M | $33.0M | −$249.0M | −$301.0M |
| Invested capital | $4.90B | $4.39B | $2.33B | $2.22B | $2.02B | $1.75B | $4.64B | $5.96B | $4.85B | $4.70B |
| Tangible asset value | $3.67B | $3.54B | $2.22B | $1.86B | $1.69B | $1.18B | $506.0M | $509.0M | −$720.0M | −$557.0M |
| Net current asset value | −$2.79B | −$2.57B | −$850.0M | −$1.24B | −$1.41B | −$1.56B | −$5.96B | −$6.01B | −$6.44B | −$6.49B |
| Graham number | $62.68 | $67.21 | $73.19 | $60.41 | $58.09 | $83.32 | — | $40.89 | — | — |
| Graham net-net per share | −$36.64 | −$34.76 | −$14.32 | −$18.81 | −$19.33 | −$20.03 | −$124.82 | −$133.38 | −$155.63 | −$164.93 |
| Capital allocation | ||||||||||
| Dividends paid | $136.0M | $113.0M | $81.0M | $59.0M | $14.0M | $445.0M | $2.33B | $2.82B | — | $0 |
| Share buybacks (net) | $377.0M | $192.0M | $143.0M | $313.0M | $148.0M | $1.0M | $3.0M | $11.0M | $2.0M | $0 |
| Dividend payout ratio | 37.5% | 30.1% | 14.4% | 11.3% | 2.3% | 23.6% | — | 860.7% | — | 0.0% |
| Dividends + buybacks / free cash flow | 94.5% | 87.1% | 48.7% | 54.9% | 24.5% | 755.9% | 345.1% | — | — | 0.0% |
| Capex / revenue | 8.9% | 8.6% | 6.6% | 0.4% | 7.6% | 2.9% | 16.9% | 22.5% | 17.7% | 4.3% |
| Capex / operating cash flow | 37.2% | 42.1% | 28.7% | 1.7% | 29.4% | 44.3% | 67.3% | 149.7% | 149.6% | 57.7% |
| Capex / depreciation | 0.51 | 0.54 | 0.68 | 0.06 | 0.91 | 0.13 | 0.97 | 1.27 | 0.65 | 0.13 |
| Stock-based compensation / revenue | — | — | 1.7% | 0.9% | −8.3% | 0.2% | 1.2% | 2.3% | 1.4% | 1.7% |
| SG&A / revenue | 15.8% | 18.8% | 9.5% | 6.8% | 7.8% | 15.7% | 10.8% | 9.8% | 11.9% | 15.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 46.7 | 46.0 | 44.5 | 39.2 | 36.4 | 64.2 | 48.4 | 42.9 | 54.8 | 53.7 |
| Days of inventory on hand | 16.4 | 16.8 | 16.2 | 14.4 | 16.8 | 19.4 | 17.3 | 15.5 | 14.2 | 15.3 |
| Days payables outstanding | 68.9 | 63.8 | 72.4 | 73.4 | 66.2 | 76.9 | 87.5 | 80.1 | 59.2 | 62.9 |
| Cash conversion cycle (days) | -5.7 | -1.0 | -11.7 | -19.7 | -13.1 | 6.7 | -21.8 | -21.7 | 9.7 | 6.2 |
| Receivables turnover | 7.82 | 7.94 | 8.20 | 9.31 | 10.04 | 5.69 | 7.54 | 8.51 | 6.66 | 6.79 |
| Payables turnover | 5.30 | 5.72 | 5.04 | 4.98 | 5.51 | 4.75 | 4.17 | 4.56 | 6.16 | 5.81 |
| Inventory turnover | 22.20 | 21.67 | 22.53 | 25.33 | 21.79 | 18.84 | 21.04 | 23.60 | 25.74 | 23.83 |
| Asset turnover | 0.50 | 0.53 | 0.71 | 0.83 | 0.74 | 0.32 | 0.38 | 0.46 | 0.33 | 0.26 |
| Average receivables | $461.0M | $372.5M | $343.0M | $350.0M | $255.5M | $283.0M | $357.0M | $360.0M | $314.5M | $258.0M |
| Average payables | $410.5M | $307.0M | $295.0M | $305.5M | $239.0M | $254.0M | $343.0M | $323.5M | $238.0M | $238.0M |
| Average inventory | $98.0M | $81.0M | $66.0M | $60.0M | $60.5M | $64.0M | $68.0M | $62.5M | $57.0M | $58.0M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from CRC's annual financial statements (latest annual report filed March 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CRC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), California Resources traded at 10.8 times earnings, against a 10-year median of 6.7. California Resources earned a return on equity of 10.1% and a return on invested capital of 13.3% in fiscal 2025. It ended the year with $1.4 billion of debt and $132.0 million in cash and short-term investments, net debt of $1.2 billion. It returned $513.0 million to shareholders: $136.0 million in dividends and $377.0 million in share buybacks, 94% of free cash flow. The share count rose 116.3% from 40.4M to 87.4M over 9 years.
See the CRC income statement, the CRC chart for price history, or the CRC stock overview for the latest quote and news.
CRC key metrics FAQ
What is California Resources's P/E ratio?
California Resources traded at 10.8 times earnings at the end of fiscal 2025.
What is California Resources's EV/EBITDA?
California Resources's enterprise value was 4.1 times EBITDA at the end of fiscal 2025 (enterprise value $5.1 billion, EBITDA $1.2 billion); the current EV/EBITDA is 14.1.
What is California Resources's return on equity?
California Resources's return on equity (ROE) was 10.1% in fiscal 2025: net income of $363.0 million on average shareholders' equity of $3.6 billion.
What is California Resources's ROIC?
California Resources's return on invested capital was 13.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does California Resources have?
California Resources had total debt of $1.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.37 and $1.2 billion of net debt (0.99 times EBITDA).
What is California Resources's dividend yield?
California Resources's forward dividend yield is 2.98%. California Resources paid $136.0 million in dividends in fiscal 2025 ($1.56 per share), a payout ratio of 37.5%.
Does California Resources buy back its shares?
Yes. California Resources spent $377.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +7.4% over the year, to 87.4M..
What is California Resources's free cash flow yield?
California Resources generated $543.0 million of free cash flow in fiscal 2025, a free cash flow yield of 13.9% on its market value at year-end ($3.9 billion).
What is California Resources's current ratio?
California Resources's current ratio was 0.89 at the end of fiscal 2025: current assets were 0.89 times current liabilities.