VTSVitesse Energy, Inc.
Is the business good?
The checks split: earnings fully cash-backed (8.7×), but margins compressing.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating profit is falling even as sales grow, costs are outrunning the top line.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is VTS?
Vitesse Energy, Inc. earns 2.5% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 6.5 points below what the capital costs: growth destroys value
- Operating margin
- 7.0%
Operating margin · Oil & Gas E&P median 25% · 12 months to Q2 2026
- Cash conversion
- 8.68×
Cash conversion · 6.36× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +4.6%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −35% |
| FY2021 | 32% |
| FY2022 | 55% |
| FY2023 | 15% |
| FY2024 | 17% |
| FY2025 | 6.3% |
Details›
- Operating margin12 months to Q2 2026
- 7.0%
- Net margin12 months to Q2 2026
- −4.0%
- Free cash flow margin
- 45%
- Revenue, trailing twelve months
- $284M
- Free cash flow, trailing twelve months
- $129M
- Net income, trailing twelve months
- −$11M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 2.5%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.