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Side-by-side financial comparison of California Resources Corp (CRC) and Unity Software Inc. (U). Click either name above to swap in a different company.

California Resources Corp is the larger business by last-quarter revenue ($679.0M vs $503.1M, roughly 1.3× Unity Software Inc.). California Resources Corp runs the higher net margin — 1.8% vs -17.9%, a 19.6% gap on every dollar of revenue. On growth, Unity Software Inc. posted the faster year-over-year revenue change (10.1% vs -17.8%). Unity Software Inc. produced more free cash flow last quarter ($118.7M vs $115.0M). Over the past eight quarters, California Resources Corp's revenue compounded faster (25.8% CAGR vs 4.5%).

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.

Unity Software Inc. is an American video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment and changed its name in 2007. Unity Technologies is best known for the development of Unity, a licensed game engine used to create video games and other applications.

CRC vs U — Head-to-Head

Bigger by revenue
CRC
CRC
1.3× larger
CRC
$679.0M
$503.1M
U
Growing faster (revenue YoY)
U
U
+27.9% gap
U
10.1%
-17.8%
CRC
Higher net margin
CRC
CRC
19.6% more per $
CRC
1.8%
-17.9%
U
More free cash flow
U
U
$3.7M more FCF
U
$118.7M
$115.0M
CRC
Faster 2-yr revenue CAGR
CRC
CRC
Annualised
CRC
25.8%
4.5%
U

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CRC
CRC
U
U
Revenue
$679.0M
$503.1M
Net Profit
$12.0M
$-90.0M
Gross Margin
74.3%
Operating Margin
6.9%
-21.2%
Net Margin
1.8%
-17.9%
Revenue YoY
-17.8%
10.1%
Net Profit YoY
-63.6%
26.7%
EPS (diluted)
$0.21
$-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
U
U
Q4 25
$679.0M
$503.1M
Q3 25
$715.0M
$470.6M
Q2 25
$702.0M
$440.9M
Q1 25
$814.0M
$435.0M
Q4 24
$826.0M
$457.1M
Q3 24
$870.0M
$446.5M
Q2 24
$412.0M
$449.3M
Q1 24
$429.0M
$460.4M
Net Profit
CRC
CRC
U
U
Q4 25
$12.0M
$-90.0M
Q3 25
$64.0M
$-126.4M
Q2 25
$172.0M
$-108.8M
Q1 25
$115.0M
$-77.6M
Q4 24
$33.0M
$-122.7M
Q3 24
$345.0M
$-124.7M
Q2 24
$8.0M
$-125.6M
Q1 24
$-10.0M
$-291.1M
Gross Margin
CRC
CRC
U
U
Q4 25
74.3%
Q3 25
74.4%
Q2 25
74.1%
Q1 25
73.8%
Q4 24
74.7%
Q3 24
74.9%
Q2 24
75.8%
Q1 24
68.6%
Operating Margin
CRC
CRC
U
U
Q4 25
6.9%
-21.2%
Q3 25
13.7%
-26.7%
Q2 25
38.0%
-26.9%
Q1 25
22.9%
-29.4%
Q4 24
8.2%
-27.1%
Q3 24
59.5%
-28.5%
Q2 24
9.2%
-28.8%
Q1 24
-0.9%
-81.4%
Net Margin
CRC
CRC
U
U
Q4 25
1.8%
-17.9%
Q3 25
9.0%
-26.9%
Q2 25
24.5%
-24.7%
Q1 25
14.1%
-17.8%
Q4 24
4.0%
-26.8%
Q3 24
39.7%
-27.9%
Q2 24
1.9%
-28.0%
Q1 24
-2.3%
-63.2%
EPS (diluted)
CRC
CRC
U
U
Q4 25
$0.21
$-0.21
Q3 25
$0.76
$-0.30
Q2 25
$1.92
$-0.26
Q1 25
$1.26
$-0.19
Q4 24
$0.87
$-0.30
Q3 24
$3.78
$-0.31
Q2 24
$0.11
$-0.32
Q1 24
$-0.14
$-0.75

Balance Sheet & Financial Strength

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

Metric
CRC
CRC
U
U
Cash + ST InvestmentsLiquidity on hand
$132.0M
$2.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.7B
$3.2B
Total Assets
$7.4B
$6.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRC
CRC
U
U
Q4 25
$132.0M
$2.1B
Q3 25
$196.0M
$1.9B
Q2 25
$72.0M
$1.7B
Q1 25
$214.0M
$1.5B
Q4 24
$372.0M
$1.5B
Q3 24
$241.0M
$1.4B
Q2 24
$1.0B
$1.3B
Q1 24
$403.0M
$1.2B
Total Debt
CRC
CRC
U
U
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
U
U
Q4 25
$3.7B
$3.2B
Q3 25
$3.4B
$3.2B
Q2 25
$3.4B
$3.2B
Q1 25
$3.5B
$3.2B
Q4 24
$3.5B
$3.2B
Q3 24
$3.5B
$3.2B
Q2 24
$2.1B
$3.2B
Q1 24
$2.1B
$3.2B
Total Assets
CRC
CRC
U
U
Q4 25
$7.4B
$6.8B
Q3 25
$6.8B
$6.8B
Q2 25
$6.7B
$6.7B
Q1 25
$6.8B
$6.6B
Q4 24
$7.1B
$6.7B
Q3 24
$7.1B
$6.7B
Q2 24
$4.5B
$6.7B
Q1 24
$3.9B
$6.8B
Debt / Equity
CRC
CRC
U
U
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
U
U
Operating Cash FlowLast quarter
$235.0M
$121.4M
Free Cash FlowOCF − Capex
$115.0M
$118.7M
FCF MarginFCF / Revenue
16.9%
23.6%
Capex IntensityCapex / Revenue
17.7%
0.5%
Cash ConversionOCF / Net Profit
19.58×
TTM Free Cash FlowTrailing 4 quarters
$543.0M
$403.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRC
CRC
U
U
Q4 25
$235.0M
$121.4M
Q3 25
$279.0M
$155.4M
Q2 25
$165.0M
$133.1M
Q1 25
$186.0M
$13.0M
Q4 24
$206.0M
$112.2M
Q3 24
$220.0M
$122.4M
Q2 24
$97.0M
$88.4M
Q1 24
$87.0M
$-7.4M
Free Cash Flow
CRC
CRC
U
U
Q4 25
$115.0M
$118.7M
Q3 25
$188.0M
$151.3M
Q2 25
$109.0M
$126.7M
Q1 25
$131.0M
$7.3M
Q4 24
$118.0M
$105.8M
Q3 24
$141.0M
$115.2M
Q2 24
$63.0M
$79.6M
Q1 24
$33.0M
$-14.6M
FCF Margin
CRC
CRC
U
U
Q4 25
16.9%
23.6%
Q3 25
26.3%
32.1%
Q2 25
15.5%
28.7%
Q1 25
16.1%
1.7%
Q4 24
14.3%
23.1%
Q3 24
16.2%
25.8%
Q2 24
15.3%
17.7%
Q1 24
7.7%
-3.2%
Capex Intensity
CRC
CRC
U
U
Q4 25
17.7%
0.5%
Q3 25
12.7%
0.9%
Q2 25
8.0%
1.5%
Q1 25
6.8%
1.3%
Q4 24
10.7%
1.4%
Q3 24
9.1%
1.6%
Q2 24
8.3%
2.0%
Q1 24
12.6%
1.6%
Cash Conversion
CRC
CRC
U
U
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%

U
U

Grow Solutions$338.2M67%
Create Solutions$164.9M33%

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