Barnwell Industries (BRN) Stock Price, Financials & Analysis

Key Stats

Market Cap12.31 Mn

P/E-2.26

FCF (Yr)-4.85 Mn

ROA (Yr)-27.63

EV to EBIT0.44

Net Income (Yr)-7.11 Mn

Enterprise Value-2.68 Mn

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About

Barnwell Industries Inc engages in the exploration, development, production, acquisition and sale of crude oil and natural gas properties in Canada and the United States, while also holding land interests in the State of Hawaii for potential residential and resort development. The company generates revenue primarily from the sale of oil, natural gas and natural gas liquids produced from its upstream operations, and from the receipt of payments tied to the sale of…

The company generates revenue primarily from the sale of oil, natural gas and natural gas liquids produced from its upstream operations, and from the receipt of payments tied to the sale of residential lots and related real estate interests in its Hawaiian land holdings.

The company operates through the following segments: Oil and Natural Gas Segment and Land Investment Segment.

Oil and Natural Gas Segment: This segment focuses on acquiring and developing crude oil and natural gas assets in Alberta, Canada through Barnwell of Canada, Limited and Octavian Oil Limited, and previously held non operated interests in Oklahoma and Texas via BOK Drilling, LLC and Barnwell Texas, LLC, with production concentrated in the Twining field which accounted for 86% of fiscal 2025 output.
Land Investment Segment: This segment holds a 77.6% interest in Kaupulehu Developments, a Hawaii partnership that receives payments from the sale of lots in the Kaupulehu Lot 4A area, and also holds non controlling interests in the Kukio Resort Land Development Partnerships, which own real estate and development rights in the Kukio, Maniniovali and Kaupulehu portions of a private residential community on the Kona coast of Hawaii.

Barnwell is a minor participant in both the oil and natural gas industry and the land development sector, facing competition from larger integrated oil companies, numerous independent operators and other land focused enterprises. Its competitive advantages in the upstream business include relatively low decline rates on its operated wells, reduced capital needs to maintain production and a strategic focus on the Twining field in Alberta, which allows opportunistic drilling when commodity prices are favorable. In its Hawaiian land holdings, the company benefits from long held entitlements to future sales proceeds and a portfolio of entitled residential lots that provide potential upside as development progresses.

The company sells its oil, natural gas and natural gas liquids to a variety of energy marketing companies under short term contracts, without reliance on any single purchaser. In its land business, revenue is derived from payments due to the developers of the Kaupulehu lot sales and the Kukio resort project, primarily from the partnership entities KD I, KD II and the Kukio Resort Land Development Partnerships.

How Barnwell Industries ranks

Ranked against the 103 companies in Oil and Gas Upstream58 metrics · as of Nov 6, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last

P/ENegative earnings −2.23xMedian 10.1x 12^th
P/FCFNegative free cash flow −2.99xMedian 8.95x 9^th
P/Operating cash flowNegative operating cash flow −3.31xMedian 4.73x 6^th
P/S 1.05xMedian 1.69x 75^th
P/B 1.37xMedian 1.31x 44^th
P/Tangible book 1.37xMedian 1.33x 47^th
EV/EBITDANegative EBITDA −2.08xMedian 5.13x 4^th
EV/EBITNegative EBIT −1.28xMedian 9.25x 2^nd
EV/Revenue 0.67xMedian 2.06x 93^rd
EV/FCFNegative free cash flow −1.90xMedian 12.6x 6^th
EV/Operating cash flowNegative operating cash flow −2.10xMedian 5.79x 2^nd
PEG (3Y EPS CAGR)Negative earnings 0.04Median 0.94 Not meaningful —

Growth

14 metrics · Year-on-year growth and three-year compound annual growth

Revenue growth (1Y) −19.1%Median 15.5% 16^th
Revenue CAGR (3Y) −24.2%Median 0.6% 7^th
Gross profit growth (1Y) −38.4%Median 12.8% 13^th
Gross profit CAGR (3Y) −30.7%Median 6.4% 6^th
Operating income growth (1Y) −2.4%Median 31.5% 35^th
Operating income CAGR (3Y) −1.7%Median −6.4% 62^nd
Net income growth (1Y) 17.0%Median 35.0% 45^th
Net income CAGR (3Y) −82.2%Median −12.7% 9^th
EPS growth (1Y) 41.7%Median 35.3% 53^rd
EPS CAGR (3Y) −55.6%Median −13.5% 17^th
Operating cash flow growth (1Y) −1,984%Median 18.3% 1^st
Operating cash flow CAGR (3Y) −59.9%Median 2.7% 5^th
Free cash flow growth (1Y) 2.7%Median 17.5% 45^th
Free cash flow CAGR (3Y) 27.3%Median 10.4% 74^th

Profitability

14 metrics · Margins, returns on capital and the quality of earnings

Gross margin 28.4%Median 69.3% 24^th
EBITDA margin −32.2%Median 40.7% 15^th
Operating margin −52.3%Median 15.2% 19^th
Pretax margin −52.3%Median 9.1% 18^th
Net margin −46.7%Median 9.5% 19^th
FCF margin −35.1%Median 10.9% 17^th
Operating cash flow margin −31.8%Median 39.2% 13^th
Return on equity −62.7%Median 8.8% 7^th
Return on assets −24.9%Median 3.6% 11^th
Return on invested capital —Median 8.9% No data —
Return on capital employed −33.7%Median 7.7% 5^th
Asset turnover 0.54xMedian 0.35x 84^th
Cash conversion (OCF / net income)Net income is not positive 0.68xMedian 1.99x Not meaningful —
Stock comp / revenue 4.9%Median 1.7% 16^th

Financial Health

11 metrics · Leverage, liquidity and solvency; less debt ranks higher

Debt / assets —Median 18.5% No data —
Debt / equity —Median 0.37x No data —
Net debt / EBITDA —Median 0.92x No data —
Debt / FCF —Median 2.52x No data —
Liabilities / assets 58.4%Median 48.7% 33^rd
Equity / assets 41.6%Median 51.7% 33^rd
Interest coverage −871xMedian 2.70x 1^st
Current ratio 1.90xMedian 0.95x 81^st
Quick ratio 1.73xMedian 0.86x 77^th
Cash ratio 1.31xMedian 0.31x 80^th
Altman Z-score −0.26Median 1.39 20^th

S.No.	Ticker	Company	Market Cap	P/E	P/S	Total Debt (Qtr)
1	XOM	ExxonMobil Holdings Corp	680.24 Bn	16.75	1.72	34.25 Bn
2	CVX	Chevron Corp	412.23 Bn	15.28	1.77	33.53 Bn
3	SHEL	Shell plc	292.60 Bn	9.86	1.73	68.39 Bn
4	TTE	TotalEnergies SE	193.02 Bn	17.16	1.66	62.99 Bn
5	E	Eni Spa	169.05 Bn	21.08	1.62	38.88 Bn
6	COP	Conocophillips	164.28 Bn	17.70	2.52	23.29 Bn
7	EQNR	Equinor Asa	106.66 Bn	9.62	0.88	24.40 Bn
8	BRN	Barnwell Industries Inc	0.01 Bn	-2.26	1.06	-

S.No.

Ticker

Company

Market Cap

P/E

P/S

Total Debt (Qtr)

XOM

ExxonMobil Holdings Corp

680.24 Bn

16.75

1.72

34.25 Bn

CVX

Chevron Corp

412.23 Bn

15.28

1.77

33.53 Bn

SHEL

Shell plc

292.60 Bn

9.86

1.73

68.39 Bn

TTE

TotalEnergies SE

193.02 Bn

17.16

1.66

62.99 Bn

Eni Spa

169.05 Bn

21.08

1.62

38.88 Bn

COP

Conocophillips

164.28 Bn

17.70

2.52

23.29 Bn

EQNR

Equinor Asa

106.66 Bn

9.62

0.88

24.40 Bn

BRN

Barnwell Industries Inc

0.01 Bn

-2.26

1.06

Barnwell Industries BRN

About

Segments Breakdown of Revenue (2025)

How Barnwell Industries ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

Barnwell Industries BRN

About

Segments Breakdown of Revenue (2025)

How Barnwell Industries ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

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