CRCNYSECrude Petroleum & Natural GasFiscal year ends December 31
California Resources Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$54.38+0.05 (+0.09%)
Close on Oct 19, 2026
- Market cap
- $4.86B
- P/E (TTM)
- –
- Dividend yield
- 2.88%
Margins
Share of revenue, fiscal years 2012 to 2025
Gross margin
–
Operating margin
16.3%
Net margin
9.9%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +14.7% | +10.7% | – | +4.3% | |
| Operating income | -3.5% | -9.7% | – | – | |
| Net income | -3.5% | -11.5% | – | – | |
| EPS, diluted | -10.2% | -15.0% | – | – | |
| Free cash flow | +53.0% | +20.4% | – | +75.1% | |
| Dividend per share | +12.4% | +25.5% | – | +18.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -37.9% | – | 10.1% | |
| Return on assets | 4.2% | – | 5.0% | |
| Current ratio | 0.59 | 0.70 | 0.89 | |
| Debt to equity | – | 0.52 | 0.35 | |
| Net debt to EBITDA | – | – | 1.04× | |
| Inventory turnover | – | – | – | |
| Capex to revenue | 4.8% | – | 8.8% | |
| Diluted shares | 40M | – | 87M |
Where the cash went
Fiscal 2021 to 2025, five years combined
California Resources generated $3.48B from operations and spent $2.91B on capital expenditure, dividends and share buybacks. 46% of that went back into the business.
Generated
$3.48B
Used
$2.91B
Capital expenditure$1.34B46%Dividends$403.00M14%Share buybacks$1.17B40%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.9%
×Asset turnover0.50×
×Equity multiplier2.02×
=Return on equity, FY202510.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.9% | 0.50× | 2.02× | 10.1% |
| FY2024 | 11.8% | 0.57× | 1.93× | 13.1% |
| FY2023 | 20.1% | 0.70× | 1.95× | 27.6% |
| FY2022 | 19.4% | 0.69× | 2.20× | 29.5% |
| FY2021 | 32.4% | 0.55× | 2.45× | 43.3% |
| FY2019 | -1.1% | 0.37× | -18.82× | 7.5% |
| FY2018 | 10.7% | 0.46× | -11.37× | -55.8% |
| FY2017 | -13.3% | 0.32× | -9.16× | 38.8% |
| FY2016 | 18.0% | 0.23× | -9.10× | -37.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$363.00M
- Cash generatingOperating cash flow above zero$865.00M
- Return on assets improvedROA up on the prior year9.4% → 5.1%
- Earnings backed by cashOperating cash flow above net income$865.00M vs $363.00M
- Less leverageLong-term debt to assets fell15.9% → 17.3%
- Better liquidityCurrent ratio rose1.04 → 0.89
- No dilutionShare count did not rise81M → 87M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.80 → 0.51