Vitesse Energy, Inc. key statistics and ratios

In fiscal 2025, Vitesse Energy, Inc. had return on equity of 4.5%, an operating margin of 6.3%, debt equal to 19.8% of equity and a current ratio of 1.02. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Vitesse Energy, Inc.: financial ratios, annual
Fiscal year	2020Nov 2020	2021Nov 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Operating margin	−34.8%	32.1%	54.6%	14.9%	16.9%	6.3%	12.0%
Net margin	−9.1%	10.8%	42.2%	−8.4%	8.7%	9.2%	−15.4%
Free-cash-flow margin	69.0%	34.8%	42.0%	45.4%	55.3%	59.8%	33.7%
Return on equity	—	—	21.1%	−3.6%	4.0%	4.5%	−7.7%
Return on assets	—	—	18.0%	−2.8%	2.7%	3.0%	−5.1%
Asset turnover	—	—	0.43	0.33	0.31	0.32	0.33
Current ratio	—	—	1.48	0.97	0.51	1.02	0.65
Debt to equity	—	—	8.5%	14.8%	23.4%	19.8%	33.4%
Interest cover (operating income ÷ interest)	n/m	16.8x	37.0x	6.6x	4.1x	1.7x	3.2x
Effective tax rate	—	0.0%	0.0%	—	26.7%	27.9%	—
Capital spending as % of revenue	9.5%	17.0%	10.1%	15.2%	8.7%	2.4%	8.4%
Free cash flow ÷ net income	—	322.8%	99.7%	—	635.7%	647.8%	—
Dividends ÷ net income	—	66.2%	30.3%	—	301.8%	364.5%	—
Dividends and buybacks ÷ free cash flow	—	20.5%	30.4%	54.8%	47.5%	56.3%	84.0%

US$ thousands unless shown otherwise. Fiscal quarters.

Vitesse Energy, Inc.: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Operating margin	3.7%	8.1%	22.8%	0.2%	−12.0%	8.8%	22.9%	19.7%
Net margin	−9.2%	4.0%	30.2%	−1.9%	−1.3%	−62.7%	36.4%	−43.8%
Free-cash-flow margin	61.2%	24.2%	80.6%	64.7%	65.3%	35.5%	27.2%	17.2%
Current ratio	0.51	0.73	0.95	0.85	1.02	0.56	1.06	0.65

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 3 checks passed · September 30, 2026

What it owns · $933m

Short-term assets $55mLonger-term assets $878m

What it owes, and who funded it · $933m

Short-term liabilities $85mLonger-term liabilities $278mShareholders' equity $571m

Short-term assets cover short-term liabilities $55m of assets due within a year against $85m of liabilities due within a year.
Short-term assets cover long-term liabilities $55m short-term assets against $278m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of $36m against $11m of interest.

From Vitesse Energy, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Vitesse Energy, Inc.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Vitesse Energy, Inc.