VET Energy

Vermilion Energy Inc.

$12.38-0.72%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Energy
Industry: Oil & Gas E&P
Country: Canada
Market cap: 1.9B USD
Enterprise value: 2.9B USD
Full-time employees: 636

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: less short-term liquidity (current ratio 1.00 vs a peer median of 1.37)less liquidity (current ratio 1.00 vs peers 1.37)
About average: profitability and risk (debt, liquidity and share-price swings)profitability and risk

Ranks #185 of 363 energy companies (bottom 50%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 95% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Vermilion Energy looks cheaper than 95% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Share count shrinking. Shares outstanding down 6.3% from December 2022 to December 2025.
Vermilion Energy had 6.3% fewer shares at December 2025 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Not profitable yet. Reported a loss in the 12 months to December 2025.
Vermilion Energy reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

StockQuotient Score

51/ 100▼ 1 since Oct 27 close

Oct 5 51 → Nov 4 51

Valuation

Is the price right?

81/100

Strong

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ FCF yield
▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-24.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · CAD→USD at the current rateNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.49Sector median: 0.0522 · MAD: 0.0351

EBITDA yield25.4%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · CAD→USD convertedReported value50% base weight · Z-score 2.57Sector median: 0.1209 · MAD: 0.0518

Free cash flow yield52.9%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · CAD→USD converted · operating cash flow − capital spendingOutlier capped at sector 5th/95th percentile20% base weight · Z-score 4.95Sector median: 0.0618 · MAD: 0.0491

Other data (not scored)

Book yield83.1%

SEC filings (IFRS mapped) · latest balance sheet · CAD→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.5851 · MAD: 0.2677

Growth

Is it growing?

21/100

Weak

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

12-month revenue fell 6.9%

Why

Weaker than most peers on:

▼ 3-yr revenue
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.27Sector median: 0.0107 · MAD: 0.3431

3-year revenue growth-19.7%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score -2.28Sector median: -0.0135 · MAD: 0.0807

Revenue growth14.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 1.24Sector median: 0.0050 · MAD: 0.1101

Profitability

Does it earn well?

58/100

Moderate▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

Net margin fell 34.6 points to -37.0%

Why it changed since the Oct 27, 2026 close: Score 59 → 58

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ ROIC
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin8.9%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score -0.30Sector median: 0.1169 · MAD: 0.0936

Return on assets2.3%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported value33% base weight · Z-score -0.72Sector median: 0.0444 · MAD: 0.0302

Return on invested capital25.5%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score 2.50Sector median: 0.0929 · MAD: 0.0648

Other data (not scored)

Gross margin63.2%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3310 · MAD: 0.1935

Return on equity-29.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.1014 · MAD: 0.0743

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last year: Changed: worth a look

Debt up 29%

Why it changed since the Oct 27, 2026 close: Safety percentile 46 → 45

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Held back by:

▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.50

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.29Sector median: 0.5680 · MAD: 0.2415

Current ratio1.00×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score -0.74Sector median: 1.3710 · MAD: 0.5060

Debt / equity0.56×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -0.30Sector median: 0.4659 · MAD: 0.3175

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Vermilion Energy

Is Vermilion Energy getting weaker?: Its latest SEC filing (Mar 4, 2026) got weaker in some ways: net margin fell 34.6 points to -37.0%; 12-month revenue fell 6.9%. Its overall score is 51/100, down 1 since Oct 28, 2026.
How is Vermilion Energy valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 81/100 against 404 energy peers. Free cash flow yield 52.9% vs a peer median of 6.2% (stronger than 95% of peers).Free cash flow yield 52.9% vs peers 6.2% (stronger than 95% of peers). Earnings yield -24.5% vs a peer median of 5.2% (weaker than 100% of peers).Earnings yield -24.5% vs peers 5.2% (weaker than 100% of peers).
Is Vermilion Energy growing?: More slowly than most of its peers. Growth scores 21/100 against 404 energy peers. Revenue growth 14.1% vs a peer median of 0.5% (stronger than 77% of peers).Revenue growth 14.1% vs peers 0.5% (stronger than 77% of peers). 3-year revenue growth -19.7% vs a peer median of -1.3% (weaker than 95% of peers).3-year revenue growth -19.7% vs peers -1.3% (weaker than 95% of peers).
How profitable is Vermilion Energy?: About as profitable as its peers. Profitability scores 58/100 against 404 energy peers. Return on invested capital 25.5% vs a peer median of 9.3% (stronger than 87% of peers).Return on invested capital 25.5% vs peers 9.3% (stronger than 87% of peers). Return on assets 2.3% vs a peer median of 4.4% (weaker than 67% of peers).Return on assets 2.3% vs peers 4.4% (weaker than 67% of peers).
How risky is Vermilion Energy?: Moderate risk relative to 404 energy peers, judged on debt, liquidity and share-price swings. Current ratio 1.00× vs a peer median of 1.37× (weaker than 71% of peers).Current ratio 1.00× vs peers 1.37× (weaker than 71% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Mar 4, 2026 · compared with the year ended Dec 31, 2024

Got weaker

Net margin fell 34.6 points to -37.0%
12-month revenue fell 6.9%
Debt up 29%

	Previous year	Latest year	Change
Revenue (12 months)	1.9B CAD	1.8B CAD	−6.9%
Net income (12 months)	−46.7M CAD	−653.6M CAD	+1298.4%
Debt	963.5M CAD	1.2B CAD	+29.1%
Cash	131.7M CAD	19.1M CAD	−85.5%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in CAD, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	56.3%	38.4%	-11.8%	-3.0%	-37.0%	▼ 34 pts
Return on assets (ROA)	19.5%	18.8%	-3.8%	-0.8%	—	—
Return on equity (ROE)	55.6%	38.6%	-7.8%	-1.7%	-29.4%	▼ 28 pts
Current ratio	0.63×	0.80×	1.18×	0.95×	—	—
Debt to equity	0.80×	0.32×	0.30×	0.34×	0.56×	▲ 63%

VET price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: less short-term liquidity (current ratio 1.00 vs a peer median of 1.37)less liquidity (current ratio 1.00 vs peers 1.37)

About average: profitability and risk (debt, liquidity and share-price swings)profitability and risk

Ranks #185 of 363 energy companies (bottom 50%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 95% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, Vermilion Energy looks cheaper than 95% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Share count shrinking. Shares outstanding down 6.3% from December 2022 to December 2025.

Vermilion Energy had 6.3% fewer shares at December 2025 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Not profitable yet. Reported a loss in the 12 months to December 2025.

Vermilion Energy reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Questions investors ask about Vermilion Energy

Is Vermilion Energy getting weaker?

Its latest SEC filing (Mar 4, 2026) got weaker in some ways: net margin fell 34.6 points to -37.0%; 12-month revenue fell 6.9%. Its overall score is 51/100, down 1 since Oct 28, 2026.

How is Vermilion Energy valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 81/100 against 404 energy peers. Free cash flow yield 52.9% vs a peer median of 6.2% (stronger than 95% of peers).Free cash flow yield 52.9% vs peers 6.2% (stronger than 95% of peers). Earnings yield -24.5% vs a peer median of 5.2% (weaker than 100% of peers).Earnings yield -24.5% vs peers 5.2% (weaker than 100% of peers).

Is Vermilion Energy growing?

More slowly than most of its peers. Growth scores 21/100 against 404 energy peers. Revenue growth 14.1% vs a peer median of 0.5% (stronger than 77% of peers).Revenue growth 14.1% vs peers 0.5% (stronger than 77% of peers). 3-year revenue growth -19.7% vs a peer median of -1.3% (weaker than 95% of peers).3-year revenue growth -19.7% vs peers -1.3% (weaker than 95% of peers).

How profitable is Vermilion Energy?

About as profitable as its peers. Profitability scores 58/100 against 404 energy peers. Return on invested capital 25.5% vs a peer median of 9.3% (stronger than 87% of peers).Return on invested capital 25.5% vs peers 9.3% (stronger than 87% of peers). Return on assets 2.3% vs a peer median of 4.4% (weaker than 67% of peers).Return on assets 2.3% vs peers 4.4% (weaker than 67% of peers).

How risky is Vermilion Energy?

Moderate risk relative to 404 energy peers, judged on debt, liquidity and share-price swings. Current ratio 1.00× vs a peer median of 1.37× (weaker than 71% of peers).Current ratio 1.00× vs peers 1.37× (weaker than 71% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

1.9B CAD

1.8B CAD

−6.9%

Net income (12 months)

−46.7M CAD

−653.6M CAD

+1298.4%

Debt

963.5M CAD

1.2B CAD

+29.1%

Cash

131.7M CAD

19.1M CAD

−85.5%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

56.3%

38.4%

-11.8%

-3.0%

-37.0%

▼ 34 pts

Return on assets (ROA)

19.5%

18.8%

-3.8%

-0.8%

—

Return on equity (ROE)

55.6%

38.6%

-7.8%

-1.7%

-29.4%

▼ 28 pts

Current ratio

0.63×

0.80×

1.18×

0.95×

—

Debt to equity

0.80×

0.32×

0.30×

0.34×

0.56×

▲ 63%