California Res Corp Financials

CRC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows California Res Corp (CRC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 64/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

California Res Corp has an operating margin of 19.4%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 97/100, reflecting efficient cost management and pricing power. This is down from 28.8% the prior year.

Growth

California Res Corp's revenue grew 14.2% year-over-year to $3.2B, a solid pace of expansion. This earns a growth score of 69/100.

Leverage

California Res Corp carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

California Res Corp's current ratio of 1.04 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.

Cash Flow

California Res Corp has a free cash flow margin of 11.1%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

California Res Corp's ROE of 10.6% shows moderate profitability relative to equity, earning a score of 43/100. This is down from 25.4% the prior year.

Altman Z-Score Grey Zone

1.92

California Res Corp scores 1.92, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Weak

3/9

California Res Corp passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.62x

For every $1 of reported earnings, California Res Corp generates $1.62 in operating cash flow ($610.0M OCF vs $376.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Revenue

$3.2B

YoY+14.2%

5Y CAGR+0.9%

10Y CAGR-2.9%

California Res Corp generated $3.2B in revenue in fiscal year 2024. This represents an increase of 14.2% from the prior year.

EBITDA

$1.0B

YoY-2.4%

5Y CAGR-4.5%

California Res Corp's EBITDA was $1.0B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.4% from the prior year.

Free Cash Flow

$355.0M

YoY-24.1%

10Y CAGR-7.9%

California Res Corp generated $355.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 24.1% from the prior year.

Net Income

$376.0M

YoY-33.3%

5Y CAGR+2.8%

10Y CAGR-8.0%

California Res Corp reported $376.0M in net income in fiscal year 2024. This represents a decrease of 33.3% from the prior year.

EPS (Diluted)

$4.62

YoY-40.6%

5Y CAGR-7.4%

California Res Corp earned $4.62 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 40.6% from the prior year.

Cash & Debt

$372.0M

YoY-25.0%

5Y CAGR+85.4%

California Res Corp held $372.0M in cash against $1.1B in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.40

YoY+20.5%

California Res Corp paid $1.40 per share in dividends in fiscal year 2024. This represents an increase of 20.5% from the prior year.

Shares Outstanding

91M

YoY+31.0%

5Y CAGR+13.3%

California Res Corp had 91M shares outstanding in fiscal year 2024. This represents an increase of 31.0% from the prior year.

Gross Margin

N/A

Operating Margin

19.4%

YoY-9.5pp

5Y CAGR-5.7pp

California Res Corp's operating margin was 19.4% in fiscal year 2024, reflecting core business profitability. This is down 9.5 percentage points from the prior year.

Net Margin

11.8%

YoY-8.4pp

5Y CAGR+1.1pp

10Y CAGR-8.5pp

California Res Corp's net profit margin was 11.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 8.4 percentage points from the prior year.

Return on Equity

10.6%

YoY-14.8pp

10Y CAGR+1.9pp

California Res Corp's ROE was 10.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 14.8 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$192.0M

YoY+34.3%

California Res Corp spent $192.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 34.3% from the prior year.

Capital Expenditures

$255.0M

YoY+37.8%

5Y CAGR-18.1%

10Y CAGR-17.1%

California Res Corp invested $255.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 37.8% from the prior year.

CRC Income Statement

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Revenue	$3.2B+14.2%	$2.8B+3.5%	$2.7B+43.3%	$1.9B-28.3%	$2.6B-14.0%	$3.1B
Cost of Revenue	N/A	N/A	N/A	N/A	$2.2B-3.9%	$2.3B
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$321.0M+20.2%	$267.0M+20.3%	$222.0M+11.0%	$200.0M-31.0%	$290.0M-3.0%	$299.0M
Operating Income	$620.0M-23.3%	$808.0M-0.5%	$812.0M+177.1%	$293.0M-31.7%	$429.0M-44.2%	$769.0M
Interest Expense	N/A	N/A	N/A	N/A	$383.0M+1.1%	$379.0M
Income Tax	$140.0M-23.9%	$184.0M-22.4%	$237.0M+159.8%	-$396.0M-39700.0%	$1.0M	$0
Net Income	$376.0M-33.3%	$564.0M+7.6%	$524.0M-14.4%	$612.0M+2285.7%	-$28.0M-108.5%	$328.0M
EPS (Diluted)	$4.62-40.6%	$7.78+15.3%	$6.75-8.4%	$7.37+1393.0%	$-0.57-108.4%	$6.77

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$855.0M-12.6%	$978.0M+7.2%	$912.0M+4.0%	$877.0M+70.6%	$514.0M+13.2%	$454.0M-37.5%	$726.0M+57.8%	$460.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$87.0M+10.1%	$79.0M+9.7%	$72.0M-24.2%	$95.0M+50.8%	$63.0M+10.5%	$57.0M-13.6%	$66.0M+1.5%	$65.0M
Operating Income	$98.0M-63.3%	$267.0M+43.5%	$186.0M+173.5%	$68.0M+78.9%	$38.0M+1050.0%	-$4.0M-101.4%	$283.0M+1986.7%	-$15.0M
Interest Expense	$25.0M0.0%	$25.0M-7.4%	$27.0M-6.9%	$29.0M+70.6%	$17.0M+30.8%	$13.0M	N/A	N/A
Income Tax	$11.0M-84.3%	$70.0M+48.9%	$47.0M+487.5%	$8.0M+166.7%	$3.0M+133.3%	-$9.0M-111.4%	$79.0M+1087.5%	-$8.0M
Net Income	$64.0M-62.8%	$172.0M+49.6%	$115.0M+248.5%	$33.0M+312.5%	$8.0M+180.0%	-$10.0M-105.3%	$188.0M+954.5%	-$22.0M
EPS (Diluted)	$0.76-60.4%	$1.92+52.4%	$1.26+44.8%	$0.87+690.9%	$0.11+178.6%	$-0.14-105.3%	$2.66+931.3%	$-0.32

CRC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Total Assets	$7.1B+78.5%	$4.0B+0.8%	$4.0B+3.1%	$3.8B-44.7%	$7.0B-2.8%	$7.2B
Current Assets	$1.0B+10.2%	$929.0M+7.5%	$864.0M+14.7%	$753.0M+53.4%	$491.0M-23.3%	$640.0M
Cash & Equivalents	$372.0M-25.0%	$496.0M+61.6%	$307.0M+0.7%	$305.0M+1694.1%	$17.0M0.0%	$17.0M
Inventory	$90.0M+25.0%	$72.0M+20.0%	$60.0M0.0%	$60.0M-10.4%	$67.0M-2.9%	$69.0M
Accounts Receivable	$330.0M+52.8%	$216.0M-33.7%	$326.0M+33.1%	$245.0M-11.6%	$277.0M-7.4%	$299.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.6B+102.2%	$1.8B-15.4%	$2.1B-2.5%	$2.2B-70.6%	$7.3B-2.3%	$7.5B
Current Liabilities	$980.0M+59.1%	$616.0M-31.1%	$894.0M+4.7%	$854.0M+20.5%	$709.0M+16.8%	$607.0M
Long-Term Debt	$1.1B+109.6%	$540.0M-8.8%	$592.0M+0.5%	$589.0M-87.9%	$4.9B-7.1%	$5.3B
Total Equity	$3.5B+59.4%	$2.2B+19.0%	$1.9B+10.4%	$1.7B+533.9%	-$389.0M-7.8%	-$361.0M
Retained Earnings	$1.7B+18.4%	$1.4B+51.3%	$938.0M+97.5%	$475.0M+108.8%	-$5.4B-0.5%	-$5.3B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$6.8B+0.6%	$6.7B-1.7%	$6.8B-4.3%	$7.1B+58.9%	$4.5B+14.8%	$3.9B-2.2%	$4.0B+1.2%	$4.0B
Current Assets	$812.0M+11.5%	$728.0M-8.9%	$799.0M-22.0%	$1.0B-28.8%	$1.4B+71.5%	$839.0M-9.7%	$929.0M0.0%	$929.0M
Cash & Equivalents	$196.0M+172.2%	$72.0M-66.4%	$214.0M-42.5%	$372.0M-63.9%	$1.0B+155.8%	$403.0M-18.8%	$496.0M+3.5%	$479.0M
Inventory	$94.0M+1.1%	$93.0M+2.2%	$91.0M+1.1%	$90.0M+60.7%	$56.0M-20.0%	$70.0M-2.8%	$72.0M+1.4%	$71.0M
Accounts Receivable	$286.0M-3.7%	$297.0M-3.6%	$308.0M-6.7%	$330.0M+88.6%	$175.0M-8.9%	$192.0M-11.1%	$216.0M-11.1%	$243.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.3B+0.1%	$3.3B-0.2%	$3.3B-8.0%	$3.6B+47.5%	$2.4B+34.2%	$1.8B+2.1%	$1.8B-6.5%	$1.9B
Current Liabilities	$917.0M-1.2%	$928.0M-3.4%	$961.0M-1.9%	$980.0M+65.3%	$593.0M-0.2%	$594.0M-3.6%	$616.0M-11.2%	$694.0M
Long-Term Debt	$889.0M+0.1%	$888.0M0.0%	$888.0M-21.6%	$1.1B-2.5%	$1.2B+114.6%	$541.0M+0.2%	$540.0M-8.3%	$589.0M
Total Equity	$3.4B+1.1%	$3.4B-3.1%	$3.5B-0.6%	$3.5B+72.4%	$2.1B-2.0%	$2.1B-5.7%	$2.2B+8.2%	$2.0B
Retained Earnings	$1.9B+1.6%	$1.9B+7.8%	$1.8B+4.7%	$1.7B+22.3%	$1.4B-0.9%	$1.4B-2.3%	$1.4B+13.2%	$1.3B

CRC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Operating Cash Flow	$610.0M-6.6%	$653.0M-5.4%	$690.0M+4.5%	$660.0M-2.4%	$676.0M+46.6%	$461.0M
Capital Expenditures	$255.0M+37.8%	$185.0M-51.2%	$379.0M+95.4%	$194.0M-57.4%	$455.0M-34.1%	$690.0M
Free Cash Flow	$355.0M-24.1%	$468.0M+50.5%	$311.0M-33.3%	$466.0M+110.9%	$221.0M+196.5%	-$229.0M
Investing Cash Flow	-$1.1B-515.4%	-$175.0M+44.8%	-$317.0M-96.9%	-$161.0M+59.1%	-$394.0M+65.9%	-$1.2B
Financing Cash Flow	$343.0M+218.7%	-$289.0M+22.1%	-$371.0M-67.1%	-$222.0M+21.3%	-$282.0M-140.8%	$692.0M
Dividends Paid	$113.0M+39.5%	$81.0M+37.3%	$59.0M+321.4%	$14.0M	$0	N/A
Share Buybacks	$192.0M+34.3%	$143.0M-54.3%	$313.0M+111.5%	$148.0M	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$279.0M+69.1%	$165.0M-11.3%	$186.0M-9.7%	$206.0M+112.4%	$97.0M+11.5%	$87.0M-33.6%	$131.0M+26.0%	$104.0M
Capital Expenditures	$91.0M+62.5%	$56.0M+1.8%	$55.0M-37.5%	$88.0M+158.8%	$34.0M-37.0%	$54.0M-18.2%	$66.0M+100.0%	$33.0M
Free Cash Flow	$188.0M+72.5%	$109.0M-16.8%	$131.0M+11.0%	$118.0M+87.3%	$63.0M+90.9%	$33.0M-49.2%	$65.0M-8.5%	$71.0M
Investing Cash Flow	-$87.0M-70.6%	-$51.0M+35.4%	-$79.0M-17.9%	-$67.0M-103.0%	-$33.0M+32.7%	-$49.0M-16.7%	-$42.0M-50.0%	-$28.0M
Financing Cash Flow	-$68.0M+73.4%	-$256.0M+3.4%	-$265.0M-3212.5%	-$8.0M-101.4%	$564.0M+530.5%	-$131.0M-81.9%	-$72.0M-60.0%	-$45.0M
Dividends Paid	$32.0M-8.6%	$35.0M0.0%	$35.0M-2.8%	$36.0M+63.6%	$22.0M+4.8%	$21.0M-4.5%	$22.0M+15.8%	$19.0M
Share Buybacks	$34.0M-84.3%	$217.0M+114.9%	$101.0M+77.2%	$57.0M+62.9%	$35.0M-39.7%	$58.0M	$0-100.0%	$20.0M

CRC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	19.4%-9.5pp	28.8%-1.2pp	30.0%+14.5pp	15.5%-0.8pp	16.3%-8.8pp	25.1%
Net Margin	11.8%-8.4pp	20.1%+0.8pp	19.4%-13.0pp	32.4%+33.5pp	-1.1%-11.8pp	10.7%
Return on Equity	10.6%-14.8pp	25.4%-2.7pp	28.1%-8.1pp	36.3%	N/A	N/A
Return on Assets	5.3%-8.8pp	14.1%+0.9pp	13.2%-2.7pp	15.9%+16.3pp	-0.4%-5.0pp	4.6%
Current Ratio	1.04-0.5	1.51+0.5	0.97+0.1	0.88+0.2	0.69-0.4	1.05
Debt-to-Equity	0.32+0.1	0.24-0.1	0.32-0.0	0.35+12.9	-12.54+2.0	-14.55
FCF Margin	11.1%-5.6pp	16.7%+5.2pp	11.5%-13.2pp	24.7%+16.3pp	8.4%+15.9pp	-7.5%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	11.5%-15.8pp	27.3%+6.9pp	20.4%+12.6pp	7.8%+0.4pp	7.4%+8.3pp	-0.9%-39.9pp	39.0%+42.2pp	-3.3%
Net Margin	7.5%-10.1pp	17.6%+5.0pp	12.6%+8.8pp	3.8%+2.2pp	1.6%+3.8pp	-2.2%-28.1pp	25.9%+30.7pp	-4.8%
Return on Equity	1.9%-3.2pp	5.1%+1.8pp	3.3%+2.3pp	0.9%+0.5pp	0.4%	N/A	8.5%	N/A
Return on Assets	0.9%-1.6pp	2.6%+0.9pp	1.7%+1.2pp	0.5%+0.3pp	0.2%+0.4pp	-0.3%-5.0pp	4.7%+5.3pp	-0.6%
Current Ratio	0.89+0.1	0.78-0.0	0.83-0.2	1.04-1.4	2.43+1.0	1.41-0.1	1.51+0.2	1.34
Debt-to-Equity	0.260.0	0.260.0	0.25-0.1	0.32-0.2	0.57+0.3	0.26+0.0	0.24-0.0	0.29
FCF Margin	22.0%+10.8pp	11.2%-3.2pp	14.4%+0.9pp	13.5%+1.2pp	12.3%+5.0pp	7.3%-1.7pp	8.9%-6.5pp	15.4%

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Frequently Asked Questions

What is California Res Corp's annual revenue?

California Res Corp (CRC) reported $3.2B in total revenue for fiscal year 2024. This represents a 14.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is California Res Corp's revenue growing?

California Res Corp (CRC) revenue grew by 14.2% year-over-year, from $2.8B to $3.2B in fiscal year 2024.

Is California Res Corp profitable?

Yes, California Res Corp (CRC) reported a net income of $376.0M in fiscal year 2024, with a net profit margin of 11.8%.

What is California Res Corp's earnings per share (EPS)?

California Res Corp (CRC) reported diluted earnings per share of $4.62 for fiscal year 2024. This represents a -40.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is California Res Corp's EBITDA?

California Res Corp (CRC) had EBITDA of $1.0B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does California Res Corp have?

As of fiscal year 2024, California Res Corp (CRC) had $372.0M in cash and equivalents against $1.1B in long-term debt.

What is California Res Corp's operating margin?

California Res Corp (CRC) had an operating margin of 19.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is California Res Corp's net profit margin?

California Res Corp (CRC) had a net profit margin of 11.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does California Res Corp pay dividends?

Yes, California Res Corp (CRC) paid $1.40 per share in dividends during fiscal year 2024.

What is California Res Corp's return on equity (ROE)?

California Res Corp (CRC) has a return on equity of 10.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is California Res Corp's free cash flow?

California Res Corp (CRC) generated $355.0M in free cash flow during fiscal year 2024. This represents a -24.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is California Res Corp's operating cash flow?

California Res Corp (CRC) generated $610.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are California Res Corp's total assets?

California Res Corp (CRC) had $7.1B in total assets as of fiscal year 2024, including both current and long-term assets.

What are California Res Corp's capital expenditures?

California Res Corp (CRC) invested $255.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does California Res Corp buy back shares?

Yes, California Res Corp (CRC) spent $192.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does California Res Corp have outstanding?

California Res Corp (CRC) had 91M shares outstanding as of fiscal year 2024.

What is California Res Corp's current ratio?

California Res Corp (CRC) had a current ratio of 1.04 as of fiscal year 2024, which is considered adequate.

What is California Res Corp's debt-to-equity ratio?

California Res Corp (CRC) had a debt-to-equity ratio of 0.32 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is California Res Corp's return on assets (ROA)?

California Res Corp (CRC) had a return on assets of 5.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is California Res Corp's Altman Z-Score?

California Res Corp (CRC) has an Altman Z-Score of 1.92, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is California Res Corp's Piotroski F-Score?

California Res Corp (CRC) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are California Res Corp's earnings high quality?

California Res Corp (CRC) has an earnings quality ratio of 1.62x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is California Res Corp?

California Res Corp (CRC) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.