California Resources Corp. (CRC) intrinsic value & 10-year financials
California Resources Corp. (CRC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 6.7% a year to $2.9B, with an average return on invested capital of 12.5%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $54.33
- Market cap
- $4.7B
- Revenue (FY2025)
- $2.9B
- Revenue growth (10-yr CAGR)
- 6.7%
- ROIC (10-yr avg)
- 12.5%
- Free cash flow (FY2025)
- $543.0M
CRC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.9B | $363.0M | $4.15 | $543.0M | 20.5% | 9.3% |
| FY2024 | $2.5B | $376.0M | $4.62 | $355.0M | 24.4% | 13.5% |
| FY2023 | $2.2B | $564.0M | $7.78 | $468.0M | 37.5% | 27.0% |
| FY2022 | $2.6B | $524.0M | $6.75 | $311.0M | 30.7% | 26.6% |
| FY2021 | $2.0B | $612.0M | $7.37 | $466.0M | 14.3% | 15.6% |
| FY2020 | — | — | — | — | — | — |
| FY2019 | $2.3B | -$28.0M | -$0.57 | $221.0M | 18.9% | 9.0% |
| FY2018 | $2.6B | $328.0M | $6.77 | -$229.0M | 29.7% | 16.5% |
| FY2017 | $1.9B | -$266.0M | -$6.26 | -$123.0M | 3.3% | 1.4% |
| FY2016 | $1.6B | $279.0M | $6.76 | $55.0M | -18.9% | -6.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
California Resources Corp has demonstrated mature, steady growth, with revenue compounding at 6.7% annually over the past decade.
California Resources Corp returns on capital have been average, hovering around 12.5% ROIC over the decade.
California Resources Corp has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, California Resources Corp is modeled at -5.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-7.38 per share.