Cross Timbers Royalty Trust (CRT) Key Metrics
CRT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $76.8M
- Enterprise value
- $69.2M
- P/E (TTM)
- 24.2 10-yr median 10.5
- Forward P/E
- 16.5
- PEG ratio
- —
- Price / sales
- 17.8 10-yr median 9.1
- Price / book
- 33.9 10-yr median 16.0
- EV / EBITDA
- 22.1 10-yr median 10.0
- Dividend yield
- 5.08% $0.65 a year
- Beta
- 0.02
CRT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCRT valuation Price multiples at each fiscal year-end price.
CRT returns How much profit the business earns on the capital it uses.
CRT per-share figures Results divided by the shares outstanding at year-end.
CRT financial health Debt, liquidity and how easily interest is covered.
CRT efficiency & capital use Working capital cycle and where the cash goes.
CRT valuation history
CRT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CRT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CRT cash returned to shareholders
CRT price vs earnings per share
CRT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $47.7M | $59.4M | $105.4M | $152.6M | $68.8M | $49.4M | $52.4M | $65.5M | $88.1M | $107.8M |
| Enterprise value | $45.6M | $58.0M | $103.5M | $150.7M | $66.9M | $48.1M | $50.9M | $63.9M | $86.7M | $106.3M |
| P/E ratio | 10.6 | 10.5 | 9.1 | 13.0 | 10.3 | 10.6 | 10.0 | 7.7 | 14.6 | 16.9 |
| Price / sales | 8.2 | 9.1 | 8.5 | 12.2 | 9.2 | 9.3 | 8.8 | 7.2 | 13.3 | 14.3 |
| Price / book | 22.1 | 24.4 | 39.4 | 51.5 | 21.1 | 6.6 | 6.4 | 7.7 | 9.5 | 10.9 |
| Price / free cash flow | 11.3 | 10.9 | 0.0 | 13.0 | 8.1 | — | 10.7 | 8.4 | 16.1 | 18.8 |
| Price / operating cash flow | 11.3 | 10.9 | 0.0 | 13.0 | 8.1 | — | 10.7 | 8.4 | 16.1 | 18.8 |
| EV / sales | 7.9 | 8.8 | 8.4 | 12.1 | 9.0 | 9.1 | 8.6 | 7.0 | 13.1 | 14.1 |
| EV / EBITDA | 9.6 | 9.9 | 8.7 | 12.5 | 10.0 | 10.3 | 9.7 | 7.5 | 14.3 | 16.7 |
| EV / free cash flow | 10.8 | 10.7 | 0.0 | 12.8 | 7.9 | — | 10.4 | 8.2 | 15.9 | 18.6 |
| Earnings yield | 9.4% | 9.6% | 11.0% | 7.7% | 9.7% | 9.5% | 10.0% | 13.1% | 6.9% | 5.9% |
| Free cash flow yield | 8.8% | 9.2% | 11,858.1% | 7.7% | 12.4% | −737.7% | 9.3% | 11.9% | 6.2% | 5.3% |
| Dividend yield | 9.4% | 9.6% | 11.0% | 7.7% | 9.7% | 9.5% | 10.0% | 13.1% | 6.9% | 5.9% |
| Shareholder yield (dividends + buybacks) | 9.4% | 9.6% | 11.0% | 7.7% | 9.7% | 9.5% | 10.0% | 13.1% | 6.9% | 5.9% |
| Share price at fiscal year-end | $7.95 | $9.90 | $17.56 | $25.44 | $11.46 | $8.24 | $8.73 | $10.92 | $14.69 | $17.97 |
| Per share | ||||||||||
| Revenue per share | $0.96 | $1.09 | $2.06 | $2.08 | $1.24 | $0.88 | $0.99 | $1.52 | $1.10 | $1.26 |
| Earnings per share | $0.75 | $0.95 | $1.92 | $1.96 | $1.11 | $0.78 | $0.88 | $1.43 | $1.01 | $1.06 |
| Operating cash flow per share | $0.70 | $0.91 | $2,082.29 | $1.96 | $1.42 | −$60.79 | $0.82 | $1.30 | $0.91 | $0.95 |
| Free cash flow per share | $0.70 | $0.91 | $2,082.29 | $1.96 | $1.42 | −$60.79 | $0.82 | $1.30 | $0.91 | $0.95 |
| Cash per share | $0.36 | $0.23 | $0.31 | $0.32 | $0.30 | $0.23 | $0.25 | $0.27 | $0.24 | $0.26 |
| Book value per share | $0.36 | $0.41 | $0.45 | $0.49 | $0.54 | $1.25 | $1.36 | $1.42 | $1.55 | $1.65 |
| Tangible book value per share | $0.36 | $0.41 | $0.45 | $0.49 | $0.54 | $1.25 | $1.36 | $1.42 | $0.00 | $0.00 |
| Dividends per share | $0.75 | $0.95 | $1.92 | $1.96 | $1.11 | $0.78 | $0.88 | $1.43 | $1.01 | $1.06 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares outstanding | 6.0M | 6.0M | 6.0M | 6.0M | 6.0M | 6.0M | 6.0M | 6.0M | 6.0M | 6.0M |
| Change in shares outstanding | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 195.6% | 222.4% | 410.0% | 377.1% | 123.7% | 59.6% | 63.0% | 96.0% | 63.0% | 62.3% |
| Return on invested capital (ROIC) | 651.7% | 471.3% | — | 935.6% | 175.8% | 72.9% | 77.0% | 115.6% | 67.5% | 64.4% |
| Return on assets (ROA) | 110.8% | 136.2% | 245.9% | 236.0% | 95.4% | 50.4% | 53.1% | 81.9% | 54.5% | 55.4% |
| Return on tangible assets | 104.5% | 149.1% | 255.0% | 241.4% | 131.1% | 52.5% | 54.4% | 84.5% | 411.6% | 412.1% |
| Free cash flow margin | 72.8% | 82.9% | — | 94.0% | 114.5% | — | 82.4% | 85.1% | 82.5% | 75.9% |
| Income quality (OCF / net income) | 0.94 | 0.96 | — | 1.00 | 1.28 | −78.02 | 0.93 | 0.91 | 0.90 | 0.90 |
| Financial health | ||||||||||
| Total debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash & short-term investments | $2.1M | $1.4M | $1.9M | $1.9M | $1.8M | $1.4M | $1.5M | $1.6M | $1.5M | $1.5M |
| Net debt | −$2.1M | −$1.4M | −$1.9M | −$1.9M | −$1.8M | −$1.4M | −$1.5M | −$1.6M | −$1.5M | −$1.5M |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net debt / EBITDA | −0.45 | −0.23 | −0.16 | −0.16 | −0.27 | −0.29 | −0.29 | −0.19 | −0.24 | −0.24 |
| Current ratio | 3.11 | 3.68 | 1.00 | 2.11 | 2.22 | 3.68 | 2.99 | 2.66 | 3.12 | 2.84 |
| Quick ratio | 3.11 | 3.68 | 1.00 | 2.11 | 2.22 | 3.68 | 2.99 | 19.46 | 26.03 | 2.84 |
| Working capital | $1.4M | $1.0M | $0 | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M |
| Invested capital | $24,744 | $1.1M | $819,263 | $1.1M | $1.4M | $6.2M | $6.7M | $6.9M | $7.8M | $8.4M |
| Tangible asset value | $2.2M | $2.4M | $2.7M | $3.0M | $3.3M | $7.5M | $8.2M | $8.5M | $0 | $0 |
| Net current asset value | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Graham number | $2.46 | $2.94 | $4.39 | $4.66 | $3.69 | $4.69 | $5.18 | $6.75 | $5.94 | $6.28 |
| Graham net-net per share | −$0.00 | −$0.00 | −$0.00 | −$0.00 | −$0.00 | −$0.00 | −$0.00 | −$0.84 | −$0.90 | −$0.00 |
| Capital allocation | ||||||||||
| Dividends paid | $4.5M | $5.7M | $11.5M | $11.7M | $6.7M | $4.7M | $5.3M | $8.6M | $6.1M | $6.4M |
| Dividend payout ratio | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Dividends + buybacks / free cash flow | 106.5% | 104.4% | 0.1% | 100.0% | 78.4% | — | 107.5% | 110.1% | 110.8% | 111.1% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 14.6% | 14.4% | 6.6% | 6.1% | 10.3% | 12.0% | 11.8% | 6.5% | 8.7% | 6.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 0.3 | 0.3 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 |
| Receivables turnover | 1,320.69 | 1,415.55 | 2,931.96 | 7,357.91 | 316,529.83 | 6,376.28 | 2,992.74 | 5,562.70 | 11,596.04 | 81,093.61 |
| Payables turnover | — | — | — | — | — | — | — | — | 0.00 | 0.00 |
| Asset turnover | 1.43 | 1.57 | 2.63 | 2.51 | 1.06 | 0.57 | 0.60 | 0.87 | 0.60 | 0.66 |
| Average receivables | $4,382 | $4,636 | $4,217 | $1,698 | $24 | $832 | $1,983 | $1,642 | $571 | $93 |
| Average payables | — | — | — | — | — | — | — | — | $507,612 | $619,569 |
| Average inventory | — | — | $0 | — | $0 | — | — | −$10.5M | −$5.4M | $0 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 86.4% | 86.5% |
Computed from CRT's annual financial statements (latest annual report filed March 27, 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.
CRT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Cross Timbers Royalty traded at 10.6 times earnings, against a 10-year median of 10.5. Based on the latest twelve months, the trailing P/E is 24.2 and the forward P/E is 16.5. Cross Timbers Royalty earned a return on equity of 195.6% and a return on invested capital of 651.7% in fiscal 2025. It ended the year with $0 of debt and $2.1 million in cash and short-term investments, a net cash position of $2.1 million. It returned $4.5 million to shareholders: $4.5 million in dividends and $0 in share buybacks, 107% of free cash flow.
See the CRT income statement, the CRT chart for price history, or the CRT stock overview for the latest quote and news.
CRT key metrics FAQ
What is Cross Timbers Royalty's P/E ratio?
Cross Timbers Royalty's trailing P/E ratio is 24.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 16.5. At the end of fiscal 2025 it was 10.6, compared with a 10-year median of 10.5.
What is Cross Timbers Royalty's EV/EBITDA?
Cross Timbers Royalty's enterprise value was 9.6 times EBITDA at the end of fiscal 2025 (enterprise value $45.6 million, EBITDA $4.8 million); the current EV/EBITDA is 22.1.
What is Cross Timbers Royalty's return on equity?
Cross Timbers Royalty's return on equity (ROE) was 195.6% in fiscal 2025: net income of $4.5 million on average shareholders' equity of $2.3 million.
What is Cross Timbers Royalty's ROIC?
Cross Timbers Royalty's return on invested capital was 651.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Cross Timbers Royalty have?
Cross Timbers Royalty had total debt of $0 at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
What is Cross Timbers Royalty's dividend yield?
Cross Timbers Royalty's forward dividend yield is 5.08%. Cross Timbers Royalty paid $4.5 million in dividends in fiscal 2025 ($0.75 per share), a payout ratio of 100.0%.
What is Cross Timbers Royalty's free cash flow yield?
Cross Timbers Royalty generated $4.2 million of free cash flow in fiscal 2025, a free cash flow yield of 8.8% on its market value at year-end ($47.7 million).
What is Cross Timbers Royalty's current ratio?
Cross Timbers Royalty's current ratio was 3.11 at the end of fiscal 2025: current assets were 3.11 times current liabilities.