Coterra Energy Inc Financials

CTRA

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 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 19 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).

Rhea AI CTRA FY2025 2026-04-24

FY2025 was a cash-hungry reinvestment year, where stronger profits were outweighed by asset-heavy spending that thinned liquidity.

Coterra's earnings quality improved most recently because operating cash flow reached $4.0B against net income of $1.7B, but that cash did not stay on the balance sheet. Investing outflows of $5.6B exceeded operating inflow and pushed cash down to $114M, so the recovery in profit coincided with a much tighter liquidity cushion.

With SG&A moving only from $302M to $323M, overhead was not the main driver of the earnings rebound. The rise in operating margin from 25.5% to 32.1% suggests the business benefited more from a stronger revenue environment and better fixed-cost absorption than from broad cost cutting.

The balance-sheet posture still looks restrained on leverage: long-term debt stayed near $3.6B while equity reached $14.8B. Still, the liquidity cushion became much thinner, with current ratio falling from 2.9x to 1.2x as cash was redeployed into the asset base.

Financial Health Signals

Financial Health Score 53/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Coterra Energy Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

Leverage

Liquidity

Returns

Altman Z-Score Grey Zone

2.64

Coterra Energy Inc scores 2.64, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($24.7B) relative to total liabilities ($9.4B). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

7/8

Coterra Energy Inc passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.34x

For every $1 of reported earnings, Coterra Energy Inc generates $2.34 in operating cash flow ($4.0B OCF vs $1.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

12.0x

Coterra Energy Inc earns $12.0 in operating income for every $1 of interest expense ($2.5B vs $205.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.6B

YoY+40.1%

5Y CAGR+39.1%

10Y CAGR+18.9%

Coterra Energy Inc generated $7.6B in revenue in fiscal year 2025. This represents an increase of 40.1% from the prior year.

EBITDA

$4.8B

YoY+49.3%

5Y CAGR+47.7%

10Y CAGR+24.6%

Coterra Energy Inc's EBITDA was $4.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 49.3% from the prior year.

Net Income

$1.7B

YoY+53.2%

5Y CAGR+53.6%

Coterra Energy Inc reported $1.7B in net income in fiscal year 2025. This represents an increase of 53.2% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$114.0M

YoY-94.4%

5Y CAGR-4.0%

10Y CAGR+71.6%

Coterra Energy Inc held $114.0M in cash against $3.6B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.88

YoY+4.8%

5Y CAGR+17.1%

10Y CAGR+27.1%

Coterra Energy Inc paid $0.88 per share in dividends in fiscal year 2025. This represents an increase of 4.8% from the prior year.

Shares Outstanding

759M

YoY-0.6%

10Y CAGR+6.3%

Coterra Energy Inc had 759M shares outstanding in fiscal year 2025. This represents a decrease of 0.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

32.1%

YoY+6.6pp

5Y CAGR+11.9pp

10Y CAGR+38.6pp

Coterra Energy Inc's operating margin was 32.1% in fiscal year 2025, reflecting core business profitability. This is up 6.6 percentage points from the prior year.

Net Margin

22.5%

YoY+1.9pp

5Y CAGR+8.8pp

10Y CAGR+30.9pp

Coterra Energy Inc's net profit margin was 22.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.

Return on Equity

11.6%

YoY+3.0pp

5Y CAGR+2.5pp

10Y CAGR+17.2pp

Coterra Energy Inc's ROE was 11.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$141.0M

YoY-69.0%

Coterra Energy Inc spent $141.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 69.0% from the prior year.

Capital Expenditures

N/A

CTRA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$7.6B+40.1%	$5.5B-7.7%	$5.9B-34.7%	$9.1B+162.4%	$3.4B+135.3%	$1.5B
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	$323.0M+7.0%	$302.0M+3.8%	$291.0M-26.5%	$396.0M+46.7%	$270.0M+154.7%	$106.0M
Operating Income	$2.5B+76.5%	$1.4B-35.5%	$2.2B-58.6%	$5.2B+233.1%	$1.6B+428.4%	$296.0M
Interest Expense	$205.0M+93.4%	$106.0M+45.2%	$73.0M-8.8%	$80.0M+29.0%	$62.0M+26.5%	$49.0M
Income Tax	$546.0M+143.8%	$224.0M-55.5%	$503.0M-54.4%	$1.1B+220.9%	$344.0M+739.0%	$41.0M
Net Income	$1.7B+53.2%	$1.1B-31.0%	$1.6B-60.0%	$4.1B+251.0%	$1.2B+476.1%	$201.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$1.9B-0.6%	$2.0B+7.8%	$1.8B-7.5%	$2.0B+3.2%	$1.9B+36.5%	$1.4B+2.6%	$1.4B+6.9%	$1.3B
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	$79.0M+23.4%	$64.0M-22.9%	$83.0M-1.2%	$84.0M-8.7%	$92.0M+9.5%	$84.0M+12.0%	$75.0M+10.3%	$68.0M
Operating Income	$646.0M+13.1%	$571.0M+21.2%	$471.0M-33.5%	$708.0M+0.9%	$702.0M+115.3%	$326.0M-0.3%	$327.0M+10.5%	$296.0M
Interest Expense	$46.0M-6.1%	$49.0M-2.0%	$50.0M-5.7%	$53.0M0.0%	$53.0M+82.8%	$29.0M+20.8%	$24.0M-29.4%	$34.0M
Income Tax	$137.0M-12.7%	$157.0M+55.4%	$101.0M-31.3%	$147.0M+4.3%	$141.0M+1181.8%	$11.0M-83.6%	$67.0M+9.8%	$61.0M
Net Income	$466.0M+26.6%	$368.0M+14.3%	$322.0M-37.0%	$511.0M-1.0%	$516.0M+73.7%	$297.0M+17.9%	$252.0M+14.5%	$220.0M
EPS (Diluted)	$0.61	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CTRA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$24.2B+12.1%	$21.6B+5.9%	$20.4B+1.3%	$20.2B+1.3%	$19.9B+339.9%	$4.5B
Current Assets	$1.8B-44.3%	$3.3B+64.8%	$2.0B-8.9%	$2.2B+3.5%	$2.1B+413.5%	$416.0M
Cash & Equivalents	$114.0M-94.4%	$2.0B+113.2%	$956.0M+42.1%	$673.0M-35.0%	$1.0B+640.0%	$140.0M
Inventory	$48.0M+4.3%	$46.0M-22.0%	$59.0M-6.3%	$63.0M+61.5%	$39.0M+160.0%	$15.0M
Accounts Receivable	$1.2B+27.0%	$951.0M+12.8%	$843.0M-31.0%	$1.2B+17.7%	$1.0B+382.3%	$215.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$9.4B+10.6%	$8.5B+15.3%	$7.4B-1.5%	$7.5B-7.7%	$8.1B+251.5%	$2.3B
Current Liabilities	$1.6B+37.1%	$1.1B-31.6%	$1.7B+39.1%	$1.2B-2.2%	$1.2B+212.8%	$390.0M
Long-Term Debt	$3.6B+0.9%	$3.5B+122.9%	$1.6B-27.3%	$2.2B-30.2%	$3.1B+230.3%	$946.0M
Total Equity	$14.8B+13.1%	$13.1B+0.6%	$13.0B+3.0%	$12.7B+7.8%	$11.7B+429.7%	$2.2B
Retained Earnings	$6.9B+17.7%	$5.9B+9.2%	$5.4B+15.7%	$4.6B+80.9%	$2.6B+17.3%	$2.2B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$24.6B+1.6%	$24.2B+1.0%	$24.0B+0.1%	$24.0B+0.1%	$24.0B+10.8%	$21.6B+7.4%	$20.1B-3.1%	$20.8B
Current Assets	$2.0B+6.4%	$1.8B+21.2%	$1.5B+0.3%	$1.5B+5.3%	$1.4B-56.5%	$3.3B+91.4%	$1.7B-25.8%	$2.3B
Cash & Equivalents	$485.0M+325.4%	$114.0M+16.3%	$98.0M-49.0%	$192.0M+3.2%	$186.0M-90.9%	$2.0B+141.8%	$843.0M-21.2%	$1.1B
Inventory	$38.0M-20.8%	$48.0M-21.3%	$61.0M+7.0%	$57.0M0.0%	$57.0M+23.9%	$46.0M0.0%	$46.0M+2.2%	$45.0M
Accounts Receivable	$1.3B+4.2%	$1.2B+19.4%	$1.0B-3.7%	$1.1B-7.7%	$1.1B+19.8%	$951.0M+24.5%	$764.0M-10.9%	$857.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$9.5B+1.3%	$9.4B+1.2%	$9.3B-1.5%	$9.4B-3.1%	$9.7B+14.4%	$8.5B+19.9%	$7.1B-8.3%	$7.7B
Current Liabilities	$2.0B+25.8%	$1.6B+4.6%	$1.5B+10.1%	$1.4B-15.9%	$1.6B+41.5%	$1.1B+5.2%	$1.1B-35.1%	$1.7B
Long-Term Debt	$3.3B-8.5%	$3.6B-2.8%	$3.7B-12.0%	$4.2B-2.5%	$4.3B+21.1%	$3.5B+71.1%	$2.1B-0.2%	$2.1B
Total Equity	$15.1B+1.8%	$14.8B+0.8%	$14.7B+1.1%	$14.6B+2.3%	$14.2B+8.4%	$13.1B+0.7%	$13.0B0.0%	$13.0B
Retained Earnings	$7.2B+4.3%	$6.9B+3.0%	$6.7B+2.3%	$6.5B+5.5%	$6.2B+5.9%	$5.9B+2.5%	$5.7B+1.7%	$5.6B

CTRA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$4.0B+43.9%	$2.8B-23.6%	$3.7B-33.0%	$5.5B+227.3%	$1.7B+114.3%	$778.0M
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	-$5.6B-219.4%	-$1.8B+14.4%	-$2.1B-23.0%	-$1.7B-634.8%	$313.0M+153.6%	-$584.0M
Financing Cash Flow	-$551.0M-297.5%	$279.0M+121.2%	-$1.3B+68.2%	-$4.1B-281.7%	-$1.1B-324.2%	-$256.0M
Dividends Paid	$680.0M+7.9%	$630.0M-29.6%	$895.0M-55.0%	$2.0B+155.3%	$780.0M+390.6%	$159.0M
Share Buybacks	$141.0M-69.0%	$455.0M+12.3%	$405.0M-67.6%	$1.3B	$0	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$1.6B+69.7%	$970.0M-0.1%	$971.0M+3.7%	$936.0M-18.2%	$1.1B+82.7%	$626.0M-17.1%	$755.0M+35.3%	$558.0M
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	-$756.0M-27.1%	-$595.0M+10.3%	-$663.0M-3.3%	-$642.0M+82.8%	-$3.7B-757.0%	-$435.0M-212.9%	-$139.0M+71.0%	-$480.0M
Financing Cash Flow	-$519.0M-44.6%	-$359.0M+14.7%	-$421.0M-40.8%	-$299.0M-156.6%	$528.0M-57.4%	$1.2B+246.2%	-$847.0M-185.2%	-$297.0M
Dividends Paid	$169.0M-0.6%	$170.0M0.0%	$170.0M0.0%	$170.0M0.0%	$170.0M+9.0%	$156.0M0.0%	$156.0M-1.3%	$158.0M
Share Buybacks	$35.0M-61.1%	$90.0M+2150.0%	$4.0M-82.6%	$23.0M-4.2%	$24.0M-55.6%	$54.0M-51.4%	$111.0M-20.7%	$140.0M

CTRA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	32.1%+6.6pp	25.4%-11.0pp	36.4%-21.1pp	57.6%+12.2pp	45.4%+25.2pp	20.2%
Net Margin	22.5%+1.9pp	20.5%-6.9pp	27.5%-17.4pp	44.9%+11.3pp	33.6%+19.9pp	13.7%
Return on Equity	11.6%+3.0pp	8.5%-3.9pp	12.5%-19.7pp	32.1%+22.2pp	9.9%+0.8pp	9.1%
Return on Assets	7.1%+1.9pp	5.2%-2.8pp	8.0%-12.2pp	20.2%+14.3pp	5.8%+1.4pp	4.4%
Current Ratio	1.19-1.7	2.92+1.7	1.21-0.6	1.85+0.1	1.75+0.7	1.07
Debt-to-Equity	0.24-0.0	0.27+0.1	0.12-0.1	0.17-0.1	0.27-0.2	0.43
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	33.2%+4.0pp	29.1%+3.2pp	25.9%-10.1pp	36.0%-0.8pp	36.9%+13.5pp	23.4%-0.7pp	24.1%+0.8pp	23.3%
Net Margin	23.9%+5.1pp	18.8%+1.1pp	17.7%-8.3pp	26.0%-1.1pp	27.1%+5.8pp	21.3%+2.7pp	18.5%+1.2pp	17.3%
Return on Equity	3.1%+0.6pp	2.5%+0.3pp	2.2%-1.3pp	3.5%-0.1pp	3.6%+1.4pp	2.3%+0.3pp	1.9%+0.2pp	1.7%
Return on Assets	1.9%+0.4pp	1.5%+0.2pp	1.3%-0.8pp	2.1%-0.0pp	2.1%+0.8pp	1.4%+0.1pp	1.3%+0.2pp	1.1%
Current Ratio	1.01-0.2	1.19+0.2	1.02-0.1	1.13+0.2	0.90-2.0	2.92+1.3	1.61+0.2	1.40
Debt-to-Equity	0.22-0.0	0.240.0	0.25-0.0	0.29-0.0	0.30+0.0	0.27+0.1	0.160.0	0.16
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 $7.6B in total revenue for fiscal year 2025. This represents a 40.1% 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 grew by 40.1% year-over-year, from $5.5B to $7.6B in fiscal year 2025.

Is Coterra Energy Inc profitable?

Yes, Coterra Energy Inc (CTRA) reported a net income of $1.7B in fiscal year 2025, with a net profit margin of 22.5%.

What is Coterra Energy Inc's EBITDA?

Coterra Energy Inc (CTRA) had EBITDA of $4.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Coterra Energy Inc have?

As of fiscal year 2025, Coterra Energy Inc (CTRA) had $114.0M in cash and equivalents against $3.6B in long-term debt.

What is Coterra Energy Inc's operating margin?

Coterra Energy Inc (CTRA) had an operating margin of 32.1% in fiscal year 2025, 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 22.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Coterra Energy Inc pay dividends?

Yes, Coterra Energy Inc (CTRA) paid $0.88 per share in dividends during fiscal year 2025.

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

Coterra Energy Inc (CTRA) has a return on equity of 11.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Coterra Energy Inc's operating cash flow?

Coterra Energy Inc (CTRA) generated $4.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Coterra Energy Inc's total assets?

Coterra Energy Inc (CTRA) had $24.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Coterra Energy Inc buy back shares?

Yes, Coterra Energy Inc (CTRA) spent $141.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Coterra Energy Inc have outstanding?

Coterra Energy Inc (CTRA) had 759M shares outstanding as of fiscal year 2025.

What is Coterra Energy Inc's current ratio?

Coterra Energy Inc (CTRA) had a current ratio of 1.19 as of fiscal year 2025, which is considered adequate.

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

Coterra Energy Inc (CTRA) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, 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 7.1% for fiscal year 2025, 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 2.64, 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 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 2.34x, 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 12.0x, 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 53 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.