GRNT
Granite Ridge Resources, Inc.
Energy • CIK: 0001928446
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Market Cap
$705.31M
P/E (TTM)
19.3x
Rev Growth (TTM)
+18.6%
Net Margin (TTM)
8.4%
FCF Yield (TTM)
42.6%
FCF Margin (TTM)
66.5%
Cash Flow Health
Free Cash Flow8/8 positive
TTM$300M
Q '25
$78M-0%
Q '25
$78M+3%
FCF Margin
TTM66.5%
Q '2569.0%-3%
Sector: 7.7%Top 10%
OCF Margin66.5%
OCF/NI7.94x
CapEx Coverage–
FCF Yield42.6%
FCF Growth (2Y)-4%
Cash Conversion Cycle
0 days
DSO: 0+DIO: –−DPO: –
Capital Allocation & Returns
Shareholder Friendly
Total Shareholder YieldTTM
TTM8.1%
Div Yield8.1%
+Buyback (TTM)0.0%
Strong capital returns to shareholders
Dividend & Payout Metrics
Dividend Yield (TTM)8.1%
FCF Payout Ratio19.1%
Free Cash Flow (TTM)$300.1M
Stock Repurchases (TTM)$40000
Capital Return / FCF19.2%
Est. Dividends Paid (TTM)$57.4M
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
6.7%
Volatile
+1.9% YoY+177.0%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
13.1%
8Q: 15.7%
Asset Turnover
0.42x
8Q: 0.40x
Leverage (1+D/E)
1.47x
D/E: 0.47x
DuPont: 8.0% ≈ 6.7% ROIC
Asset & CapEx Efficiency
Invested Cap Turn
0.52x
8Q:0.49x
-8.1%
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q 2025 | Q 2025 | Q 2025 | Q4 2024 | Q 2024 | Q 2024 | Q 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $451.1M | $112.7M↑3.2% | $109.2M↓11.2% | $122.9M↑15.6% | $106.3M↑13.0% | $94.1M↑3.8% | $90.7M↑1.9% | $89.0M↓16.7% | $106.8M |
Operating Income | $75.9M | $19.6M↓5.5% | $20.7M↓51.3% | $42.5M↑715.0% | $-6.9M↓128.0% | $24.7M↑12.8% | $21.9M↑11.7% | $19.6M↑314.8% | $4.7M |
Net Income | $37.8M | $14.5M↓42.1% | $25.1M↑155.6% | $9.8M↑184.4% | $-11.6M↓228.4% | $9.1M↑77.5% | $5.1M↓68.6% | $16.2M↓7.5% | $17.5M |
Operating Cash Flow | $300.1M | $77.8M↓0.3% | $78.0M↑2.6% | $76.1M↑11.6% | $68.2M↓8.7% | $74.7M↑16.4% | $64.2M↓6.5% | $68.7M↓23.9% | $90.2M |
Free Cash Flow | $300.1M | $77.8M↓0.3% | $78.0M↑2.6% | $76.1M↑11.6% | $68.2M↓8.7% | $74.7M↑16.4% | $64.2M↓6.5% | $68.7M↓23.9% | $90.2M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
19.3x
Valuation Lenses
Earnings
19.3x
vs – sector
Cash Flow
3.3x
EV/FCF vs –
Growth-Adj
1.0xPEG
Fair for growth
Quality-Adj
2.9P/E per %ROIC
ROIC: 6.7%
Shareholder Returns
Dividend
8.1%
Buyback
0.0%
Total Yield
8.1%
Market Cap$705.31M
EV–
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
43/100
Average
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Below Avg
5.9%
8Q:–
Return on Invested Capital (ROIC)Top 25%
6.7%
8Q:–
+177.0%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 13.1%
Asset Turnover: 0.42x
Earnings Quality
Cash Conversion
7.94x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin100.0%
Capital Efficiency
Invested Capital Turnover0.52x
Working Capital
Cash Conversion Cycle0 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
66/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
18.6%
OpInc Growth YoY
-20.6%
EPS Growth YoY
-22.2%
FCF 3Y CAGR
-4.1%
Growth Quality Analysis
⚠Working Capital Drag: FCF growth lagging revenue by 22.7%
Margin Quality & Sustainability
Low Quality
Profitability Cascade
Gross
100.0%
Operating
16.8%
Above Avg in sector
Net
8.4%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+58.1 pts
FCF: 66.5% | Net: 8.4%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Adequate
Net Debt / EBITDA
–Net Debt: $288.17M
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
0.47x
Balance sheet risk & solvency analysis