Latest Ratios: P/E Ratio 14.5x · EV/EBITDA 5.9x · ROE 12.3%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $24.7B | $20.0B | $19.0B | $19.4B | $19.6B | $9.6B | $6.5B | $7.3B | $10.0B | $13.3B | $10.7B |
| Enterprise Value | $28.6B | $23.9B | $20.8B | $21.0B | $21.6B | $12.0B | $7.6B | $8.3B | $11.2B | $14.3B | $11.7B |
| P/E Ratio → | 14.47 | 11.70 | 16.91 | 11.98 | 4.84 | 8.30 | 32.56 | 10.68 | 17.88 | 130.00 | — |
| P/S Ratio | 8.99 | 7.28 | 3.48 | 3.41 | 2.06 | 2.61 | 4.65 | 3.66 | 4.65 | 7.59 | 8.93 |
| P/B Ratio | 1.67 | 1.35 | 1.45 | 1.49 | 1.55 | 0.82 | 2.95 | 3.38 | 4.77 | 5.25 | 4.16 |
| P/FCF | 15.13 | 12.26 | 18.58 | 12.44 | 5.24 | 10.20 | 32.32 | 11.06 | 47.32 | 99.27 | 619.60 |
| P/OCF | 6.15 | 4.98 | 6.81 | 5.30 | 3.60 | 5.74 | 8.39 | 5.03 | 9.01 | 14.77 | 27.20 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.69 | 3.81 | 3.69 | 2.27 | 3.27 | 5.38 | 4.19 | 5.22 | 8.19 | 9.79 |
| EV / EBITDA | 5.93 | 4.96 | 6.43 | 5.88 | 2.92 | 4.64 | 12.01 | 6.91 | 8.89 | 14.31 | 22.81 |
| EV / EBIT | 11.67 | 9.69 | 14.33 | 9.53 | 4.11 | 7.67 | 25.59 | 8.71 | 14.50 | — | — |
| EV / FCF | — | 14.64 | 20.30 | 13.45 | 5.75 | 12.78 | 37.41 | 12.67 | 53.14 | 107.07 | 678.93 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.4% | 60.4% | 31.0% | 38.8% | 63.8% | 56.0% | 24.2% | 44.9% | 39.1% | 30.0% | -0.0% |
| Operating Margin | 89.1% | 89.1% | 25.4% | 33.8% | 60.4% | 51.6% | 16.7% | 40.1% | 34.6% | 24.4% | -7.3% |
| Net Profit Margin | 62.4% | 62.4% | 20.5% | 28.6% | 42.7% | 31.6% | 14.3% | 34.3% | 26.0% | 5.7% | -34.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.3% | 12.3% | 8.6% | 12.6% | 33.3% | 16.6% | 9.2% | 32.1% | 24.2% | 3.9% | -18.2% |
| ROA | 7.5% | 7.5% | 5.3% | 8.0% | 20.3% | 9.5% | 4.5% | 15.7% | 12.5% | 2.0% | -8.0% |
| ROIC | 10.9% | 10.9% | 7.1% | 9.9% | 30.0% | 16.3% | 5.5% | 18.3% | 16.2% | 8.9% | -1.7% |
| ROCE | 11.3% | 11.3% | 7.1% | 10.2% | 30.5% | 16.6% | 5.7% | 19.7% | 18.5% | 9.5% | -1.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.27 | 0.27 | 0.29 | 0.19 | 0.21 | 0.30 | 0.53 | 0.58 | 0.59 | 0.60 | 0.59 |
| Debt / EBITDA | 0.83 | 0.83 | 1.18 | 0.71 | 0.35 | 1.34 | 1.86 | 1.04 | 0.97 | 1.52 | 2.97 |
| Net Debt / Equity | — | 0.26 | 0.13 | 0.12 | 0.15 | 0.21 | 0.46 | 0.49 | 0.59 | 0.41 | 0.40 |
| Net Debt / EBITDA | 0.81 | 0.81 | 0.55 | 0.44 | 0.26 | 0.94 | 1.63 | 0.88 | 0.97 | 1.04 | 1.99 |
| Debt / FCF | — | 2.38 | 1.72 | 1.01 | 0.51 | 2.58 | 5.09 | 1.61 | 5.82 | 7.80 | 59.34 |
| Interest Coverage | 12.04 | 12.04 | 13.69 | 30.15 | 74.84 | 25.23 | 5.46 | 17.38 | 10.54 | -1.78 | -6.47 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.19 | 1.19 | 2.92 | 1.21 | 1.85 | 1.75 | 1.07 | 1.73 | 1.90 | 1.21 | 2.78 |
| Quick Ratio | 1.16 | 1.16 | 2.88 | 1.18 | 1.80 | 1.72 | 1.03 | 1.69 | 1.86 | 1.20 | 2.73 |
| Cash Ratio | 0.08 | 0.08 | 1.79 | 0.58 | 0.56 | 0.85 | 0.36 | 0.61 | 0.01 | 0.76 | 1.93 |
| Asset Turnover | — | 0.11 | 0.25 | 0.28 | 0.47 | 0.18 | 0.31 | 0.44 | 0.51 | 0.37 | 0.23 |
| Inventory Turnover | 22.69 | 22.69 | 81.96 | 59.00 | 54.68 | 41.36 | 71.01 | 78.57 | 117.78 | 152.74 | 89.83 |
| Days Sales Outstanding | — | 186.94 | 54.67 | 46.30 | 40.86 | 91.50 | 55.85 | 38.24 | 61.59 | 44.75 | 56.33 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.8% | 3.4% | 3.3% | 4.6% | 10.1% | 8.1% | 2.4% | 2.0% | 1.1% | 0.6% | 0.3% |
| Payout Ratio | 39.7% | 39.7% | 55.8% | 54.8% | 49.0% | 67.4% | 79.3% | 21.4% | 20.0% | 78.5% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.9% | 8.5% | 5.9% | 8.3% | 20.7% | 12.1% | 3.1% | 9.4% | 5.6% | 0.8% | — |
| FCF Yield | 6.6% | 8.2% | 5.4% | 8.0% | 19.1% | 9.8% | 3.1% | 9.0% | 2.1% | 1.0% | 0.2% |
| Buyback Yield | 0.6% | 0.7% | 2.4% | 2.1% | 6.4% | 0.0% | 0.0% | 7.2% | 8.8% | 0.9% | 0.0% |
| Total Shareholder Yield | 3.3% | 4.1% | 5.7% | 6.7% | 16.5% | 8.1% | 2.4% | 9.2% | 9.9% | 1.5% | 0.3% |
| Shares Outstanding | — | $761M | $745M | $760M | $799M | $504M | $401M | $417M | $446M | $464M | $457M |
Commodity price volatility exposure
According to current market data, Coterra trades at a forward P/E of 11.28, which appears to discount the company's long-term inventory depth in favor of near-term commodity price volatility, as evidenced by the relatively low PEG ratio of 0.41 compared to broader energy sector benchmarks.
The current valuation suggests that investors are applying a significant risk premium to the company's multi-basin production model, likely due to uncertainty regarding regional basis differentials. This multiple compression warrants investigation, as it may undervalue the structural flexibility provided by the company's diversified asset base.
Based on reported financial statements, Coterra's ROIC has fluctuated between 1.3% and 3.7% over the last ten quarters, indicating that the company is currently struggling to generate returns that consistently exceed its cost of capital in a challenging commodity price environment.
The observed volatility in ROIC suggests that the company's capital allocation strategy is highly sensitive to the timing of drilling programs relative to commodity price cycles. Investors should monitor whether future capital reinvestment in the Permian and Anadarko basins can drive a sustained expansion in returns compared to the more mature Marcellus assets.
As reported in recent quarterly filings, Coterra's asset turnover ratio remains low at 0.05 to 0.09, which is characteristic of an asset-heavy E&P business model where the primary driver of efficiency is the productivity of reserves rather than the velocity of inventory turnover.
The company's cash conversion cycle has shown significant variance, moving from 30 days in 2025Q4 to -276 days in 2026Q1, which likely reflects shifts in payment terms or production timing rather than operational deterioration. This extreme fluctuation suggests that traditional working capital metrics may be less meaningful for assessing the company's core operational efficiency.
According to the latest balance sheet data, Coterra maintains a debt-to-equity ratio of 0.23, a figure that remains significantly lower than many of its diversified peers, providing the company with a substantial buffer against the cyclical downturns inherent in the oil and gas industry.
This conservative leverage profile appears to be a deliberate strategic choice, allowing the company to maintain its dividend policy even during periods of revenue contraction. The interest coverage ratio, which remains comfortably in the double digits, suggests that the company faces minimal refinancing risk in the near term.
As noted in industry research, the P/E ratio is frequently misapplied to Coterra, as it fails to account for the significant non-cash DD&A charges and derivative mark-to-market adjustments that often distort net income in the capital-intensive oil and gas exploration and production sector.
Investors should instead prioritize EV/EBITDA or P/FCF, as these metrics better capture the underlying cash-generating capacity of the company's assets. Relying on P/E may lead to an inaccurate assessment of the company's true earning power, particularly during periods of high commodity price volatility.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CTRA stock.
Coterra Energy Inc.'s current P/E ratio is 14.5x. The historical average is 41.8x. This places it at the 25th percentile of its historical range.
Coterra Energy Inc.'s current EV/EBITDA is 5.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
Coterra Energy Inc.'s return on equity (ROE) is 12.3%. The historical average is 12.4%.
Based on historical data, Coterra Energy Inc. is trading at a P/E of 14.5x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Coterra Energy Inc.'s current dividend yield is 2.75% with a payout ratio of 39.7%.
Coterra Energy Inc. has 60.4% gross margin and 89.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Coterra Energy Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.