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In this Business section, unless otherwise specified or the context otherwise requires, Granite Ridge, the Company, we, us, and our refer to Granite Ridge Resources, Inc. and its consolidated subsidiaries. The following discussion of our business should be read in conjunction with the accompanying audited consolidated financial statements and related notes included elsewhere in this Annual Report.
$5.18
$0.34 (-6.16%)
Price from 10 days ago
10.31% operating margin is respectable but not wide. ROIC at 4.19%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 18.5%, still solid. Margins contracted 5.3pp, which offsets some of the top-line progress.
ROIC dropped from 6.54% to 4.19%, capital efficiency is deteriorating. Operating margin contracted 5.3pp YoY, cost discipline may be slipping.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$456M
▲ +18.5% YoY
Net Income (TTM)
-$32M
▲ +29.8% YoY
Op. Margin
10.31%
▼ -5.3pp YoY
ROIC
4.19%
▼ -2.4pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$279M
▲ +7.5% YoY
Net Debt
$396M
Cash & Equiv.
$30M
5Y CAGR: +38.9%
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