Saturday 17 October 2026
Export VET’s income statement to Excel — free account
Vermilion Energy Inc.
VET Energy Oil & Gas E&P
Vermilion Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, down 8.72% from fiscal 2024. In the quarter to June 2026, revenue grew 17.0%, EPS grew 158.7%, free cash flow grew 110.8% and total debt fell 32.4%, each against the same quarter a year earlier.
13.20
0.55
+4.35%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 20.31 | 29.91 | 19.43 | 13.01 | 1.50 | 4.33 | 12.52 | 10.72 | 8.22 | 5.14 |
Analyst estimates 2026–2028 Powerpack |
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| High | 44.95 | 43.81 | 40.59 | 27.48 | 16.89 | 13.93 | 30.17 | 17.41 | 12.79 | 10.49 | |||||
| People | |||||||||||||||
| People | Employees | 503 | 505 | 698 | 790 | 747 | 716 | 740 | 740 | 743 | 636 | ||||
| Revenue/emp, $m | 1.24 | 1.56 | 1.69 | 1.67 | 1.14 | 2.27 | 3.55 | 2.01 | 1.86 | 1.99 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 626 | 790 | 1,177 | 1,317 | 852 | 1,628 | 2,627 | 1,487 | 1,384 | 1,263 | ||||
| Gross margin, % | 68.41 | 72.11 | 73.20 | 58.01 | 46.28 | 68.77 | 76.20 | 61.19 | 59.94 | 60.06 | |||||
| EBT | (169) | 96 | 274 | 106 | (1,401) | 1,103 | 1,578 | (206) | (5) | (232) | |||||
| EBT margin, % | (26.94) | 12.15 | 23.24 | 8.08 | (164.56) | 67.72 | 60.06 | (13.86) | (0.35) | (18.40) | |||||
| Net income | (121) | 48 | 210 | 25 | (1,133) | 917 | 1,010 | (176) | (34) | (468) | |||||
| Depreciation | 399 | 379 | 470 | 509 | 433 | 456 | 444 | 528 | 499 | 532 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 5.41 | 6.55 | 8.37 | 8.51 | 5.39 | 10.10 | 16.07 | 9.09 | 8.76 | 8.21 | ||||
| Earnings | (1.04) | 0.40 | 1.49 | 0.16 | (7.17) | 5.69 | 6.18 | (1.07) | (0.22) | (3.04) | |||||
| Cash flow | 3.33 | 3.80 | 4.48 | 4.01 | 2.36 | 4.13 | 8.54 | 4.64 | 4.47 | 4.39 | |||||
| Capex | (2.23) | (2.23) | (4.36) | (2.55) | (1.74) | (1.86) | (2.60) | (1.78) | (2.88) | (0.70) | |||||
| Free cash flow | 1.10 | 1.57 | 0.12 | 1.46 | 0.63 | 2.28 | 5.94 | 2.86 | 1.59 | 3.69 | |||||
| Book value | 10.30 | 9.87 | 15.46 | 11.95 | 4.37 | 10.23 | 16.00 | 13.72 | 12.98 | 10.34 | |||||
| Shares, m | 116 | 121 | 141 | 155 | 158 | 161 | 163 | 164 | 158 | 154 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 95.97 | 15.72 | 96.24 | 0.00 | 2.20 | 2.49 | 0.00 | 0.00 | 0.00 | ||||
| P/S | 7.86 | 5.71 | 2.52 | 1.92 | 0.83 | 1.25 | 0.95 | 1.32 | 1.07 | 1.02 | |||||
| P/B | 4.13 | 3.79 | 1.36 | 1.37 | 1.02 | 1.23 | 0.96 | 0.88 | 0.72 | 0.81 | |||||
| EV/Sales | 9.74 | 7.14 | 3.90 | 3.19 | 2.79 | 2.19 | 1.35 | 1.84 | 1.67 | 1.88 | |||||
| EV/FCF | 47.85 | 29.77 | 276.72 | 18.59 | 23.93 | 9.72 | 3.65 | 5.86 | 9.18 | 4.18 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 385 | 458 | 630 | 621 | 373 | 666 | 1,395 | 759 | 706 | 675 | ||||
| Capex | (257) | (269) | (613) | (394) | (274) | (299) | (424) | (291) | (455) | (108) | |||||
| Free cash flow | 127 | 190 | 17 | 226 | 99 | 367 | 971 | 468 | 252 | 567 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (49) | (78) | (103) | (52) | (128) | (219) | (137) | 94 | (21) | (62) | ||||
| Total debt | 1,044 | 992 | 1,469 | 1,521 | 1,501 | 1,366 | 871 | 702 | 743 | 925 | |||||
| Net debt | 996 | 956 | 1,449 | 1,499 | 1,496 | 1,361 | 861 | 597 | 647 | 912 | |||||
| Shareholders’ equity | 1,192 | 1,190 | 2,174 | 1,849 | 691 | 1,649 | 2,616 | 2,246 | 2,051 | 1,590 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (3.79) | 1.56 | 5.30 | 0.53 | (30.25) | 23.56 | 20.02 | (3.52) | (0.75) | (11.29) | ||||
| ROIC | (1.80) | 2.94 | 5.26 | 3.03 | (3.33) | 12.22 | 26.59 | 6.39 | 5.48 | 4.28 | |||||
| ROE | (9.13) | 4.03 | 12.46 | 1.23 | (89.21) | 78.36 | 47.37 | (7.24) | (1.59) | (25.69) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Vermilion Energy Inc. vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TALO Talos Energy Inc. | $2.8B | — (loss-making) | — (loss-making) | +56.53% (above 0%: growing) | n/m | −1.84% (below 0%: shrinking) | 100.00% | 29.82% | Compare |
| NOG Northern Oil and Gas, Inc. | $2.7B | — (loss-making) | — (loss-making) | +5.44% (above 0%: growing) | +119.61% (above 0%: growing) | −266.95% (below 0%: shrinking) | 76.81% | 47.31% | Compare |
| BKV BKV Corporation | $2.4B | 8.3× | 12.6× | +1.57% (above 0%: growing) | −44.72% (below 0%: shrinking) | −1,530.03% (below 0%: shrinking) | 60.28% | 26.13% | Compare |
| KRP Kimbell Royalty | $2.1B | 19.4× | 17.3× | +29.96% (above 0%: growing) | +1,900.00% (above 0%: growing) | −66.72% (below 0%: shrinking) | 100.00% | 53.06% | Compare |
| VET Vermilion Energy Inc. | $1.9B | — (loss-making) | 21.3× | +17.00% (above 0%: growing) | n/m | +110.78% (above 0%: growing) | 67.53% | 29.66% | |
| MNR Mach Natural Resources LP | $1.8B | 18.4× | 13.1× | +40.70% (above 0%: growing) | −22.37% (below 0%: shrinking) | −13.11% (below 0%: shrinking) | 61.56% | 30.17% | Compare |
| KOS Kosmos Energy Ltd. | $1.6B | — (loss-making) | — (loss-making) | +56.80% (above 0%: growing) | n/m | +405.33% (above 0%: growing) | 70.40% | 47.75% | Compare |
| GFR Greenfire Resources Ltd. | $1.6B | — (loss-making) | — | +21.83% (above 0%: growing) | −38.00% (below 0%: shrinking) | −386.50% (below 0%: shrinking) | 93.25% | 38.51% | Compare |
| DMLP Dorchester Minerals, L.P. | $1.5B | 17.3× | — | +73.10% (above 0%: growing) | +148.00% (above 0%: growing) | +110.38% (above 0%: growing) | 100.00% | 55.05% | Compare |
| Median of peers | $1.9B | 17.8× | 13.1× | +35.33% | +48.62% | −39.91% | 85.03% | 42.91% |
Vermilion Energy Inc. (VET) key facts
- Concern: Vermilion Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, down 8.72% from fiscal 2024.
- Concern: Vermilion Energy Inc. reported a net loss of $467.8 million, or a loss of $3.04 per share, for fiscal 2025.
- Vermilion Energy Inc. (VET) is an Oil & Gas E&P company in the Energy sector, listed on the New York Stock Exchange.
- As of October 16, 2026, VET traded at $13.20, a market capitalization of $1.9 billion.
- Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 1.6× sales.
- Vermilion Energy Inc. pays an annual dividend of $0.39 per share, a yield of 2.93%.
- Return on equity was −25.7% and debt-to-equity 0.63.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.28 (distress zone) for fiscal 2025.