Coterra Energy Inc Financials

CTRA

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

This page shows Coterra Energy Inc (CTRA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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 68/100

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

Profitability

100

Coterra Energy Inc has an operating margin of 25.4%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 36.4% the prior year.

Growth

Coterra Energy Inc's revenue declined 7.7% year-over-year, from $5.9B to $5.5B. This contraction results in a growth score of 7/100.

Leverage

100

Coterra Energy Inc carries a low D/E ratio of 0.27, meaning only $0.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.92, Coterra Energy Inc holds $2.92 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.

Returns

Coterra Energy Inc's ROE of 8.5% shows moderate profitability relative to equity, earning a score of 34/100. This is down from 12.5% the prior year.

Altman Z-Score Grey Zone

2.65

Coterra Energy Inc scores 2.65, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($23.8B) relative to total liabilities ($8.5B). This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

4/9

Coterra Energy Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.49x

For every $1 of reported earnings, Coterra Energy Inc generates $2.49 in operating cash flow ($2.8B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

13.1x

Coterra Energy Inc earns $13.1 in operating income for every $1 of interest expense ($1.4B vs $106.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Revenue

$5.5B

YoY-7.7%

5Y CAGR+21.4%

10Y CAGR+9.6%

Coterra Energy Inc generated $5.5B in revenue in fiscal year 2024. This represents a decrease of 7.7% from the prior year.

EBITDA

$3.2B

YoY-14.9%

5Y CAGR+18.8%

10Y CAGR+15.9%

Coterra Energy Inc's EBITDA was $3.2B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 14.9% from the prior year.

Free Cash Flow

N/A

Net Income

$1.1B

YoY-31.0%

5Y CAGR+10.5%

10Y CAGR+26.8%

Coterra Energy Inc reported $1.1B in net income in fiscal year 2024. This represents a decrease of 31.0% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$2.0B

YoY+113.2%

5Y CAGR+59.1%

10Y CAGR+58.0%

Coterra Energy Inc held $2.0B in cash against $3.5B in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.84

YoY-28.2%

5Y CAGR+19.1%

10Y CAGR+26.5%

Coterra Energy Inc paid $0.84 per share in dividends in fiscal year 2024. This represents a decrease of 28.2% from the prior year.

Shares Outstanding

764M

10Y CAGR+6.3%

Coterra Energy Inc had 764M shares outstanding in fiscal year 2024.

Gross Margin

N/A

Operating Margin

25.4%

YoY-11.0pp

5Y CAGR-20.8pp

10Y CAGR+20.6pp

Coterra Energy Inc's operating margin was 25.4% in fiscal year 2024, reflecting core business profitability. This is down 11.0 percentage points from the prior year.

Net Margin

20.5%

YoY-6.9pp

5Y CAGR-12.4pp

10Y CAGR+15.7pp

Coterra Energy Inc's net profit margin was 20.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 6.9 percentage points from the prior year.

Return on Equity

8.5%

YoY-3.9pp

5Y CAGR-23.1pp

10Y CAGR+3.7pp

Coterra Energy Inc's ROE was 8.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 3.9 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$455.0M

YoY+12.3%

5Y CAGR-2.6%

10Y CAGR+12.6%

Coterra Energy Inc spent $455.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 12.3% from the prior year.

Capital Expenditures

N/A

CTRA Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$5.5B-7.7%	$5.9B-34.7%	$9.1B+162.4%	$3.4B+135.3%	$1.5B-29.0%	$2.1B
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$302.0M+3.8%	$291.0M-26.5%	$396.0M+46.7%	$270.0M+154.7%	$106.0M+11.6%	$95.0M
Operating Income	$1.4B-35.5%	$2.2B-58.6%	$5.2B+233.1%	$1.6B+428.4%	$296.0M-69.0%	$956.0M
Interest Expense	$106.0M+45.2%	$73.0M-8.8%	$80.0M+29.0%	$62.0M+26.5%	$49.0M+189.1%	-$55.0M
Income Tax	$224.0M-55.5%	$503.0M-54.4%	$1.1B+220.9%	$344.0M+739.0%	$41.0M-81.3%	$219.0M
Net Income	$1.1B-31.0%	$1.6B-60.0%	$4.1B+251.0%	$1.2B+476.1%	$201.0M-70.5%	$681.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$1.8B-7.5%	$2.0B+3.2%	$1.9B+36.5%	$1.4B+9.8%	$1.3B-11.3%	$1.4B-10.2%	$1.6B+17.7%	$1.4B
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	$83.0M-1.2%	$84.0M-8.7%	$92.0M+9.5%	$84.0M+23.5%	$68.0M-9.3%	$75.0M-3.8%	$78.0M-1.3%	$79.0M
Operating Income	$471.0M-33.5%	$708.0M+0.9%	$702.0M+115.3%	$326.0M+10.1%	$296.0M-32.7%	$440.0M-23.7%	$577.0M+36.1%	$424.0M
Interest Expense	$50.0M-5.7%	$53.0M0.0%	$53.0M+82.8%	$29.0M-14.7%	$34.0M+78.9%	$19.0M-17.4%	$23.0M+35.3%	$17.0M
Income Tax	$101.0M-31.3%	$147.0M+4.3%	$141.0M+1181.8%	$11.0M-82.0%	$61.0M-28.2%	$85.0M-44.4%	$153.0M+62.8%	$94.0M
Net Income	$322.0M-37.0%	$511.0M-1.0%	$516.0M+73.7%	$297.0M+35.0%	$220.0M-37.5%	$352.0M-15.4%	$416.0M+28.8%	$323.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CTRA Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$21.6B+5.9%	$20.4B+1.3%	$20.2B+1.3%	$19.9B+339.9%	$4.5B+0.8%	$4.5B
Current Assets	$3.3B+64.8%	$2.0B-8.9%	$2.2B+3.5%	$2.1B+413.5%	$416.0M-26.8%	$568.2M
Cash & Equivalents	$2.0B+113.2%	$956.0M+42.1%	$673.0M-35.0%	$1.0B+640.0%	$140.0M-30.1%	$200.2M
Inventory	$46.0M-22.0%	$59.0M-6.3%	$63.0M+61.5%	$39.0M+160.0%	$15.0M+7.7%	$13.9M
Accounts Receivable	$951.0M+12.8%	$843.0M-31.0%	$1.2B+17.7%	$1.0B+382.3%	$215.0M+2.9%	$209.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$8.5B+15.3%	$7.4B-1.5%	$7.5B-7.7%	$8.1B+251.5%	$2.3B-1.2%	$2.3B
Current Liabilities	$1.1B-31.6%	$1.7B+39.1%	$1.2B-2.2%	$1.2B+212.8%	$390.0M+18.9%	$328.0M
Long-Term Debt	$3.5B+122.9%	$1.6B-27.3%	$2.2B-30.2%	$3.1B+230.3%	$946.0M-16.5%	$1.1B
Total Equity	$13.1B+0.6%	$13.0B+3.0%	$12.7B+7.8%	$11.7B+429.7%	$2.2B+3.0%	$2.2B
Retained Earnings	$5.9B+9.2%	$5.4B+15.7%	$4.6B+80.9%	$2.6B+17.3%	$2.2B+1.9%	$2.1B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$24.0B+0.1%	$24.0B+0.1%	$24.0B+10.8%	$21.6B+4.1%	$20.8B-0.9%	$21.0B+2.6%	$20.4B+1.6%	$20.1B
Current Assets	$1.5B+0.3%	$1.5B+5.3%	$1.4B-56.5%	$3.3B+42.1%	$2.3B-8.4%	$2.5B+26.6%	$2.0B+17.6%	$1.7B
Cash & Equivalents	$98.0M-49.0%	$192.0M+3.2%	$186.0M-90.9%	$2.0B+90.5%	$1.1B-17.0%	$1.3B+34.8%	$956.0M+12.9%	$847.0M
Inventory	$61.0M+7.0%	$57.0M0.0%	$57.0M+23.9%	$46.0M+2.2%	$45.0M-13.5%	$52.0M-11.9%	$59.0M-7.8%	$64.0M
Accounts Receivable	$1.0B-3.7%	$1.1B-7.7%	$1.1B+19.8%	$951.0M+11.0%	$857.0M-2.4%	$878.0M+4.2%	$843.0M+16.0%	$727.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$9.3B-1.5%	$9.4B-3.1%	$9.7B+14.4%	$8.5B+9.9%	$7.7B-1.6%	$7.9B+6.6%	$7.4B+0.9%	$7.3B
Current Liabilities	$1.5B+10.1%	$1.4B-15.9%	$1.6B+41.5%	$1.1B-31.8%	$1.7B-2.6%	$1.7B+3.0%	$1.7B+1.2%	$1.6B
Long-Term Debt	$3.7B-12.0%	$4.2B-2.5%	$4.3B+21.1%	$3.5B+70.7%	$2.1B-0.2%	$2.1B+30.9%	$1.6B-0.4%	$1.6B
Total Equity	$14.7B+1.1%	$14.6B+2.3%	$14.2B+8.4%	$13.1B+0.7%	$13.0B-0.5%	$13.1B+0.4%	$13.0B+2.0%	$12.8B
Retained Earnings	$6.7B+2.3%	$6.5B+5.5%	$6.2B+5.9%	$5.9B+4.2%	$5.6B+1.1%	$5.6B+3.6%	$5.4B+5.2%	$5.1B

CTRA Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$2.8B-23.6%	$3.7B-33.0%	$5.5B+227.3%	$1.7B+114.3%	$778.0M-46.2%	$1.4B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.8B+14.4%	-$2.1B-23.0%	-$1.7B-634.8%	$313.0M+153.6%	-$584.0M-7.6%	-$543.0M
Financing Cash Flow	$279.0M+121.2%	-$1.3B+68.2%	-$4.1B-281.7%	-$1.1B-324.2%	-$256.0M+62.9%	-$690.0M
Dividends Paid	$630.0M-29.6%	$895.0M-55.0%	$2.0B+155.3%	$780.0M+390.6%	$159.0M+8.9%	$146.0M
Share Buybacks	$455.0M+12.3%	$405.0M-67.6%	$1.3B	$0	$0-100.0%	$520.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$971.0M+3.7%	$936.0M-18.2%	$1.1B+82.7%	$626.0M+12.2%	$558.0M-34.8%	$856.0M+12.6%	$760.0M+0.3%	$758.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$663.0M-3.3%	-$642.0M+82.8%	-$3.7B-757.0%	-$435.0M+9.4%	-$480.0M+32.2%	-$708.0M-50.6%	-$470.0M+13.1%	-$541.0M
Financing Cash Flow	-$421.0M-40.8%	-$299.0M-156.6%	$528.0M-57.4%	$1.2B+516.8%	-$297.0M-260.5%	$185.0M+202.2%	-$181.0M+14.2%	-$211.0M
Dividends Paid	$168.0M0.0%	$168.0M-5.6%	$178.0M+14.1%	$156.0M-1.3%	$158.0M-1.3%	$160.0M+6.0%	$151.0M-1.3%	$153.0M
Share Buybacks	$4.0M-82.6%	$23.0M-4.2%	$24.0M-55.6%	$54.0M-61.4%	$140.0M-6.7%	$150.0M+650.0%	$20.0M-66.7%	$60.0M

CTRA Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	25.4%-11.0pp	36.4%-21.1pp	57.6%+12.2pp	45.4%+25.2pp	20.2%-26.1pp	46.3%
Net Margin	20.5%-6.9pp	27.5%-17.4pp	44.9%+11.3pp	33.6%+19.9pp	13.7%-19.3pp	33.0%
Return on Equity	8.5%-3.9pp	12.5%-19.7pp	32.1%+22.2pp	9.9%+0.8pp	9.1%-22.6pp	31.7%
Return on Assets	5.2%-2.8pp	8.0%-12.2pp	20.2%+14.3pp	5.8%+1.4pp	4.4%-10.7pp	15.2%
Current Ratio	2.92+1.7	1.21-0.6	1.85+0.1	1.75+0.7	1.07-0.7	1.73
Debt-to-Equity	0.27+0.1	0.12-0.1	0.17-0.1	0.27-0.2	0.43-0.1	0.53
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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	25.9%-10.1pp	36.0%-0.8pp	36.9%+13.5pp	23.4%+0.1pp	23.3%-7.4pp	30.7%-5.4pp	36.1%+4.9pp	31.3%
Net Margin	17.7%-8.3pp	26.0%-1.1pp	27.1%+5.8pp	21.3%+4.0pp	17.3%-7.3pp	24.6%-1.5pp	26.1%+2.2pp	23.8%
Return on Equity	2.2%-1.3pp	3.5%-0.1pp	3.6%+1.4pp	2.3%+0.6pp	1.7%-1.0pp	2.7%-0.5pp	3.2%+0.7pp	2.5%
Return on Assets	1.3%-0.8pp	2.1%-0.0pp	2.1%+0.8pp	1.4%+0.3pp	1.1%-0.6pp	1.7%-0.4pp	2.0%+0.4pp	1.6%
Current Ratio	1.02-0.1	1.13+0.2	0.90-2.0	2.92+1.5	1.40-0.1	1.49+0.3	1.21+0.2	1.04
Debt-to-Equity	0.25-0.0	0.29-0.0	0.30+0.0	0.27+0.1	0.160.0	0.16+0.0	0.120.0	0.12
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Coterra Energy Inc's annual revenue?

Coterra Energy Inc (CTRA) reported $5.5B in total revenue for fiscal year 2024. This represents a -7.7% 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 Coterra Energy Inc's revenue growing?

Coterra Energy Inc (CTRA) revenue declined by 7.7% year-over-year, from $5.9B to $5.5B in fiscal year 2024.

Is Coterra Energy Inc profitable?

Yes, Coterra Energy Inc (CTRA) reported a net income of $1.1B in fiscal year 2024, with a net profit margin of 20.5%.

What is Coterra Energy Inc's EBITDA?

Coterra Energy Inc (CTRA) had EBITDA of $3.2B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Coterra Energy Inc have?

As of fiscal year 2024, Coterra Energy Inc (CTRA) had $2.0B in cash and equivalents against $3.5B in long-term debt.

What is Coterra Energy Inc's operating margin?

Coterra Energy Inc (CTRA) had an operating margin of 25.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Coterra Energy Inc's net profit margin?

Coterra Energy Inc (CTRA) had a net profit margin of 20.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Coterra Energy Inc pay dividends?

Yes, Coterra Energy Inc (CTRA) paid $0.84 per share in dividends during fiscal year 2024.

What is Coterra Energy Inc's return on equity (ROE)?

Coterra Energy Inc (CTRA) has a return on equity of 8.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Coterra Energy Inc's operating cash flow?

Coterra Energy Inc (CTRA) generated $2.8B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Coterra Energy Inc's total assets?

Coterra Energy Inc (CTRA) had $21.6B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Coterra Energy Inc buy back shares?

Yes, Coterra Energy Inc (CTRA) spent $455.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Coterra Energy Inc have outstanding?

Coterra Energy Inc (CTRA) had 764M shares outstanding as of fiscal year 2024.

What is Coterra Energy Inc's current ratio?

Coterra Energy Inc (CTRA) had a current ratio of 2.92 as of fiscal year 2024, which is generally considered healthy.

What is Coterra Energy Inc's debt-to-equity ratio?

Coterra Energy Inc (CTRA) had a debt-to-equity ratio of 0.27 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Coterra Energy Inc's return on assets (ROA)?

Coterra Energy Inc (CTRA) had a return on assets of 5.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Coterra Energy Inc's Altman Z-Score?

Coterra Energy Inc (CTRA) has an Altman Z-Score of 2.65, 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 Coterra Energy Inc's Piotroski F-Score?

Coterra Energy Inc (CTRA) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Coterra Energy Inc's earnings high quality?

Coterra Energy Inc (CTRA) has an earnings quality ratio of 2.49x, 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.

Can Coterra Energy Inc cover its interest payments?

Coterra Energy Inc (CTRA) has an interest coverage ratio of 13.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Coterra Energy Inc?

Coterra Energy Inc (CTRA) scores 68 out of 100 on our Financial Profile, indicating strong 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.