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Side-by-side financial comparison of California Resources Corp (CRC) and Solstice Advanced Materials Inc. (SOLS). Click either name above to swap in a different company.

Solstice Advanced Materials Inc. is the larger business by last-quarter revenue ($969.0M vs $679.0M, roughly 1.4× California Resources Corp). California Resources Corp runs the higher net margin — 1.8% vs -3.6%, a 5.4% gap on every dollar of revenue. On growth, Solstice Advanced Materials Inc. posted the faster year-over-year revenue change (6.8% vs -17.8%). California Resources Corp produced more free cash flow last quarter ($115.0M vs $41.0M).

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

Solstice Advanced Materials Inc. is a specialty advanced materials provider that develops, produces and distributes high-performance functional materials for renewable energy systems, consumer electronics, industrial manufacturing and advanced automotive sectors. The company focuses on material solutions that boost product durability, energy efficiency and operational performance for its global clients.

CRC vs SOLS — Head-to-Head

Bigger by revenue
SOLS
SOLS
1.4× larger
SOLS
$969.0M
$679.0M
CRC
Growing faster (revenue YoY)
SOLS
SOLS
+24.6% gap
SOLS
6.8%
-17.8%
CRC
Higher net margin
CRC
CRC
5.4% more per $
CRC
1.8%
-3.6%
SOLS
More free cash flow
CRC
CRC
$74.0M more FCF
CRC
$115.0M
$41.0M
SOLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CRC
CRC
SOLS
SOLS
Revenue
$679.0M
$969.0M
Net Profit
$12.0M
$-35.0M
Gross Margin
32.0%
Operating Margin
6.9%
17.9%
Net Margin
1.8%
-3.6%
Revenue YoY
-17.8%
6.8%
Net Profit YoY
-63.6%
-123.0%
EPS (diluted)
$0.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CRC
CRC
SOLS
SOLS
Q4 25
$679.0M
Q3 25
$715.0M
$969.0M
Q2 25
$702.0M
Q1 25
$814.0M
Q4 24
$826.0M
Q3 24
$870.0M
$907.0M
Q2 24
$412.0M
Q1 24
$429.0M
Net Profit
CRC
CRC
SOLS
SOLS
Q4 25
$12.0M
Q3 25
$64.0M
$-35.0M
Q2 25
$172.0M
Q1 25
$115.0M
Q4 24
$33.0M
Q3 24
$345.0M
$152.0M
Q2 24
$8.0M
Q1 24
$-10.0M
Gross Margin
CRC
CRC
SOLS
SOLS
Q4 25
Q3 25
32.0%
Q2 25
Q1 25
Q4 24
Q3 24
36.6%
Q2 24
Q1 24
Operating Margin
CRC
CRC
SOLS
SOLS
Q4 25
6.9%
Q3 25
13.7%
17.9%
Q2 25
38.0%
Q1 25
22.9%
Q4 24
8.2%
Q3 24
59.5%
21.7%
Q2 24
9.2%
Q1 24
-0.9%
Net Margin
CRC
CRC
SOLS
SOLS
Q4 25
1.8%
Q3 25
9.0%
-3.6%
Q2 25
24.5%
Q1 25
14.1%
Q4 24
4.0%
Q3 24
39.7%
16.8%
Q2 24
1.9%
Q1 24
-2.3%
EPS (diluted)
CRC
CRC
SOLS
SOLS
Q4 25
$0.21
Q3 25
$0.76
Q2 25
$1.92
Q1 25
$1.26
Q4 24
$0.87
Q3 24
$3.78
Q2 24
$0.11
Q1 24
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CRC
CRC
SOLS
SOLS
Cash + ST InvestmentsLiquidity on hand
$132.0M
$417.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.7B
$3.2B
Total Assets
$7.4B
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRC
CRC
SOLS
SOLS
Q4 25
$132.0M
Q3 25
$196.0M
$417.0M
Q2 25
$72.0M
Q1 25
$214.0M
Q4 24
$372.0M
Q3 24
$241.0M
Q2 24
$1.0B
Q1 24
$403.0M
Total Debt
CRC
CRC
SOLS
SOLS
Q4 25
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Q1 24
$541.0M
Stockholders' Equity
CRC
CRC
SOLS
SOLS
Q4 25
$3.7B
Q3 25
$3.4B
$3.2B
Q2 25
$3.4B
Q1 25
$3.5B
Q4 24
$3.5B
Q3 24
$3.5B
$3.2B
Q2 24
$2.1B
Q1 24
$2.1B
Total Assets
CRC
CRC
SOLS
SOLS
Q4 25
$7.4B
Q3 25
$6.8B
$5.2B
Q2 25
$6.7B
Q1 25
$6.8B
Q4 24
$7.1B
Q3 24
$7.1B
Q2 24
$4.5B
Q1 24
$3.9B
Debt / Equity
CRC
CRC
SOLS
SOLS
Q4 25
Q3 25
0.29×
Q2 25
0.30×
Q1 25
0.29×
Q4 24
0.32×
Q3 24
0.32×
Q2 24
0.57×
Q1 24
0.26×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CRC
CRC
SOLS
SOLS
Operating Cash FlowLast quarter
$235.0M
$289.0M
Free Cash FlowOCF − Capex
$115.0M
$41.0M
FCF MarginFCF / Revenue
16.9%
4.2%
Capex IntensityCapex / Revenue
17.7%
25.6%
Cash ConversionOCF / Net Profit
19.58×
TTM Free Cash FlowTrailing 4 quarters
$543.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRC
CRC
SOLS
SOLS
Q4 25
$235.0M
Q3 25
$279.0M
$289.0M
Q2 25
$165.0M
Q1 25
$186.0M
Q4 24
$206.0M
Q3 24
$220.0M
Q2 24
$97.0M
Q1 24
$87.0M
Free Cash Flow
CRC
CRC
SOLS
SOLS
Q4 25
$115.0M
Q3 25
$188.0M
$41.0M
Q2 25
$109.0M
Q1 25
$131.0M
Q4 24
$118.0M
Q3 24
$141.0M
Q2 24
$63.0M
Q1 24
$33.0M
FCF Margin
CRC
CRC
SOLS
SOLS
Q4 25
16.9%
Q3 25
26.3%
4.2%
Q2 25
15.5%
Q1 25
16.1%
Q4 24
14.3%
Q3 24
16.2%
Q2 24
15.3%
Q1 24
7.7%
Capex Intensity
CRC
CRC
SOLS
SOLS
Q4 25
17.7%
Q3 25
12.7%
25.6%
Q2 25
8.0%
Q1 25
6.8%
Q4 24
10.7%
Q3 24
9.1%
Q2 24
8.3%
Q1 24
12.6%
Cash Conversion
CRC
CRC
SOLS
SOLS
Q4 25
19.58×
Q3 25
4.36×
Q2 25
0.96×
Q1 25
1.62×
Q4 24
6.24×
Q3 24
0.64×
Q2 24
12.13×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CRC
CRC

Oil And Natural Gas Segment$645.0M95%
Natural Gas Production$26.0M4%
Other$7.0M1%

SOLS
SOLS

Refrigerants$400.0M41%
Research And Performance Chemicals$126.0M13%
Electronic Materials$103.0M11%
Other$89.0M9%
Services$64.0M7%
Alternative Energy Services$63.0M7%
Safety And Defense Solutions$53.0M5%
Healthcare Packaging$49.0M5%
Affiliated Entity$22.0M2%

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