Is the business good?
How good a business is CRC?
California Resources Corporation earns −0.94% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−0.94%
Return on invested capital · cost of capital 9.0% · 9.9 points below what the capital costs: growth destroys value
- Operating margin
- −1.4%
Operating margin · Oil & Gas E&P median 30% · 12 months to Q2 2026
- Share count, year on year
- −0.11%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2019 | 16% |
| FY2021 | 16% |
| FY2022 | 30% |
| FY2023 | 29% |
| FY2024 | 19% |
| FY2025 | 16% |
Details›
- Operating margin12 months to Q2 2026
- −1.4%
- Net margin12 months to Q2 2026
- −3.0%
- Free cash flow margin
- 9.7%
- Revenue, trailing twelve months
- $3.98B
- Free cash flow, trailing twelve months
- $385M
- Net income, trailing twelve months
- −$121M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −0.94%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.