In this paper, we investigate the energy partition of two homologous M1.1 circularribbon flares (CRFs) in active region (AR) 12434. They were observed by SDO, GOES, and RHESSI on 2015 October 15 and 16, respectively. The peak thermal energy, nonthermal energy of flare-accelerated electrons, total radiative loss of hot plasma, and radiant energies in 1−8Å and 1−70Å of the flares are calculated. The two flares have similar energetics. The peak thermal energies are (1.94±0.13)×10 30 erg. The nonthermal energies in flare-accelerated electrons are (3.9±0.7)×10 30 erg. The radiative outputs of the flare loops in 1−70Å, which are ∼200 times greater than the outputs in 1−8Å, account for ∼62.5% of the peak thermal energies. The radiative losses of SXR-emitting plasma are one order of magnitude lower than the peak thermal energies. Therefore, the total heating requirements of flare loops including radiative loss are (2.1±0.1)×10 30 erg, which could sufficiently be supplied by nonthermal electrons.