Latest Ratios: P/E Ratio 24.6x · EV/EBITDA 5.4x · ROE 4.5%. (2020–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $657M | $762M | $823M | $647M | — | — | — |
| Enterprise Value | $785M | $890M | $941M | $731M | — | — | — |
| P/E Ratio → | 24.61 | 30.09 | 39.06 | — | — | — | — |
| P/S Ratio | 2.40 | 2.78 | 3.40 | 2.77 | — | — | — |
| P/B Ratio | 0.99 | 1.21 | 1.64 | 1.18 | — | — | — |
| P/FCF | 3.86 | 4.47 | 20.73 | 30.41 | — | — | — |
| P/OCF | 3.86 | 4.47 | 5.31 | 4.56 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.25 | 3.89 | 3.12 | — | — | — |
| EV / EBITDA | 5.36 | 6.07 | 6.66 | 6.27 | — | — | — |
| EV / EBIT | 45.83 | 19.65 | 24.31 | 15.39 | — | — | — |
| EV / FCF | — | 5.22 | 23.71 | 34.34 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 18.9% | 18.9% | 30.0% | 38.9% | 57.8% | 68.4% | -12.3% |
| Operating Margin | 6.3% | 6.3% | 16.9% | 14.9% | 54.6% | 29.1% | -34.8% |
| Net Profit Margin | 9.2% | 9.2% | 8.7% | -9.2% | 42.2% | 9.8% | -9.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | 4.5% | 4.5% | 4.0% | -3.9% | 22.5% | 3.7% | -1.8% |
| ROA | 3.0% | 3.0% | 2.7% | -3.0% | 18.7% | 2.9% | -1.4% |
| ROIC | 1.9% | 1.9% | 4.9% | 4.2% | 19.9% | 7.1% | — |
| ROCE | 2.2% | 2.2% | 5.8% | 5.2% | 25.8% | 9.2% | -5.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.21 | 0.21 | 0.24 | 0.15 | 0.09 | 0.14 | 0.20 |
| Debt / EBITDA | 0.88 | 0.88 | 0.86 | 0.72 | 0.23 | 0.59 | 4.12 |
| Net Debt / Equity | — | 0.20 | 0.24 | 0.15 | 0.07 | 0.13 | 0.20 |
| Net Debt / EBITDA | 0.87 | 0.87 | 0.84 | 0.72 | 0.19 | 0.55 | 4.05 |
| Debt / FCF | — | 0.75 | 2.98 | 3.93 | 0.65 | 1.44 | 18.10 |
| Interest Coverage | 4.44 | 4.44 | 3.88 | 9.00 | 29.63 | 6.65 | -0.89 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.02 | 1.02 | 0.51 | 0.97 | 1.48 | 0.90 | 1.30 |
| Quick Ratio | 1.02 | 1.02 | 0.51 | 0.97 | 1.48 | 0.90 | 1.30 |
| Cash Ratio | 0.03 | 0.03 | 0.03 | 0.01 | 0.27 | 0.13 | 0.08 |
| Asset Turnover | — | 0.31 | 0.30 | 0.31 | 0.43 | 0.30 | 0.16 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 40.79 | 60.01 | 70.09 | 53.60 | 60.37 | 60.06 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | 14.8% | 12.1% | 7.7% | 9.0% | — | — | — |
| Payout Ratio | 364.5% | 364.5% | 301.8% | — | 30.3% | 66.2% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.1% | 3.3% | 2.6% | — | — | — | — |
| FCF Yield | 25.9% | 22.4% | 4.8% | 3.3% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.9% | 0.0% | — | — | — |
| Total Shareholder Yield | 14.8% | 12.1% | 8.6% | 9.0% | — | — | — |
| Shares Outstanding | — | $40M | $33M | $30M | $28M | $439M | $28M |
Operator-driven capital allocation volatility
Based on current market data, VTS trades at a P/FCF of 3.87, which appears to reflect a significant 'passive participant' discount compared to operators like NOG, suggesting investors remain skeptical of the company's ability to drive growth without direct control over the underlying drilling and completion schedules.
The valuation multiples, particularly the EV/EBITDA of 5.37, indicate that the market is pricing VTS as a yield-oriented vehicle rather than a growth-focused E&P entity. This valuation may be misaligned with the company's ability to capture high-return bolt-on acquisitions, though the lack of a forward P/E suggests limited analyst consensus on future earnings trajectory.
As reported in recent financial statements, VTS has struggled to maintain consistent returns, with ROIC fluctuating from a peak of 2.4% in 2023Q4 to a marginal 0.7% in 2026Q1, highlighting the difficulty of compounding capital in a non-operated model subject to external operator cost structures.
The erratic ROIC trend suggests that the company's capital allocation is highly sensitive to the timing of well completions, which are outside of management's direct control. Investors should monitor whether the recent deleveraging event improves future return metrics or if the underlying asset base continues to face margin pressure from rising service costs.
According to quarterly filings, VTS maintains a current ratio of 0.56 as of 2026Q1, representing a notable contraction from the 1.02 level seen in 2025Q4, which suggests that the company's immediate liquidity buffer remains thin relative to its short-term operational obligations and ongoing capital requirements.
The decline in the current ratio indicates that the company may have limited flexibility to absorb unexpected operational delays or commodity price shocks. Given the 60 to 90-day lag in revenue collection inherent to the non-operated model, this liquidity profile warrants close monitoring to ensure the dividend remains sustainable.
The most commonly misapplied metric for VTS is the standard P/E ratio, which fails to account for the significant non-cash DD&A charges and the inherent revenue recognition lags that characterize the non-operated working interest model, often leading to an inaccurate assessment of the company's true earning power.
Analysts should instead prioritize FCF-based valuation and adjusted EBITDA, as these metrics better capture the cash-generating nature of the business. Relying on GAAP net income obscures the underlying cash flow reality, particularly given the company's reliance on third-party operators to dictate the timing of capital deployment and revenue generation.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying VTS stock.
Vitesse Energy, Inc.'s current P/E ratio is 24.6x. The historical average is 34.6x.
Vitesse Energy, Inc.'s current EV/EBITDA is 5.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.3x.
Vitesse Energy, Inc.'s return on equity (ROE) is 4.5%. The historical average is 4.8%.
Based on historical data, Vitesse Energy, Inc. is trading at a P/E of 24.6x. Compare with industry peers and growth rates for a complete picture.
Vitesse Energy, Inc.'s current dividend yield is 14.79% with a payout ratio of 364.5%.
Vitesse Energy, Inc. has 18.9% gross margin and 6.3% operating margin.
Vitesse Energy, Inc.'s Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.