Comprehensive Stock Comparison
Compare Evolution Petroleum Corporation (EPM) vs TXO Partners, L.P. (TXO) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | EPM | -0.0% revenue growth vs TXO's -25.7% |
| Value | TXO | Lower P/E (25.0x vs 131.9x) |
| Quality / Margins | TXO | 4.6% net margin vs EPM's 3.6% |
| Stability / Safety | TXO | Beta 0.46 vs EPM's 0.69, lower leverage |
| Dividends | TXO | 18.9% yield, 5-year raise streak, vs EPM's 11.0% |
| Momentum (1Y) | EPM | -1.8% vs TXO's -25.5% |
| Efficiency (ROA) | EPM | 1.8% ROA vs TXO's 1.2%, ROIC 2.8% vs -0.8% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Evolution Petroleum is an independent oil and natural gas company focused on developing and producing from mature oil fields in the United States. It generates revenue primarily from oil and gas production — with its main asset being a CO₂ enhanced oil recovery project in Louisiana's Delhi field — supplemented by interests in other fields in Wyoming and Texas. The company's key advantage is its specialized expertise in enhanced oil recovery techniques that extend the productive life of mature fields, creating value from assets that larger operators might overlook.
TXO Partners is a conventional oil and gas partnership that acquires, develops, and exploits mature producing properties in North American basins. It generates revenue primarily from oil and natural gas liquids production — roughly 60% from oil and 40% from natural gas — through its working interests in established fields like the San Juan and Permian Basins. The partnership's competitive advantage lies in its focus on low-decline, conventional assets with predictable cash flows and its operational expertise in optimizing mature fields.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
TXO leads in 3 of 6 categories (Financial Metrics, Valuation Metrics). EPM leads in 2 (Profitability & Efficiency, Total Returns). 1 tied.
Financial Metrics (TTM)
TXO is the larger business by revenue, generating $364M annually — 4.3x EPM's $86M. Profitability is closely matched — net margins range from 4.6% (TXO) to 3.6% (EPM). On growth, TXO holds the edge at +46.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | EPMEvolution Petrole… | TXOTXO Partners, L.P. |
|---|---|---|
| RevenueTrailing 12 months | $86M | $364M |
| EBITDAEarnings before interest/tax | $26M | $95M |
| Net IncomeAfter-tax profit | $3M | $17M |
| Free Cash FlowCash after capex | $13M | -$146M |
| Gross MarginGross profit ÷ Revenue | +22.8% | +35.3% |
| Operating MarginEBIT ÷ Revenue | +4.1% | +0.5% |
| Net MarginNet income ÷ Revenue | +3.6% | +4.6% |
| FCF MarginFCF ÷ Revenue | +15.3% | -40.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.0% | +46.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +152.2% | — |
Valuation Metrics
At 19.3x trailing earnings, TXO trades at a 86% valuation discount to EPM's 134.6x P/E. On an enterprise value basis, EPM's 7.3x EV/EBITDA is more attractive than TXO's 14.6x.
| Metric | EPMEvolution Petrole… | TXOTXO Partners, L.P. |
|---|---|---|
| Market CapShares × price | $156M | $686M |
| Enterprise ValueMkt cap + debt − cash | $192M | $836M |
| Trailing P/EPrice ÷ TTM EPS | 134.64x | 19.26x |
| Forward P/EPrice ÷ next-FY EPS est. | 131.86x | 25.04x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 7.32x | 14.62x |
| Price / SalesMarket cap ÷ Revenue | 1.82x | 2.43x |
| Price / BookPrice ÷ Book value/share | 2.07x | 0.74x |
| Price / FCFMarket cap ÷ FCF | 13.71x | — |
Profitability & Efficiency
EPM delivers a 4.6% return on equity — every $100 of shareholder capital generates $5 in annual profit, vs $2 for TXO. TXO carries lower financial leverage with a 0.26x debt-to-equity ratio, signaling a more conservative balance sheet compared to EPM's 0.52x. On the Piotroski fundamental quality scale (0–9), EPM scores 5/9 vs TXO's 4/9, reflecting solid financial health.
| Metric | EPMEvolution Petrole… | TXOTXO Partners, L.P. |
|---|---|---|
| ROE (TTM)Return on equity | +4.6% | +2.3% |
| ROA (TTM)Return on assets | +1.8% | +1.2% |
| ROICReturn on invested capital | +2.8% | -0.8% |
| ROCEReturn on capital employed | +2.9% | -0.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 |
| Debt / EquityFinancial leverage | 0.52x | 0.26x |
| Net DebtTotal debt minus cash | $35M | $150M |
| Cash & Equiv.Liquid assets | $3M | $7M |
| Total DebtShort + long-term debt | $38M | $157M |
| Interest CoverageEBIT ÷ Interest expense | 2.40x | 2.16x |
Total Returns (with DRIP)
A $10,000 investment in EPM five years ago would be worth $18,640 today (with dividends reinvested), compared to $8,373 for TXO. Over the past 12 months, EPM leads with a -1.8% total return vs TXO's -25.5%. The 3-year compound annual growth rate (CAGR) favors EPM at -3.2% vs TXO's -8.6% — a key indicator of consistent wealth creation.
| Metric | EPMEvolution Petrole… | TXOTXO Partners, L.P. |
|---|---|---|
| YTD ReturnYear-to-date | +22.8% | +13.9% |
| 1-Year ReturnPast 12 months | -1.8% | -25.5% |
| 3-Year ReturnCumulative with dividends | -9.2% | -23.6% |
| 5-Year ReturnCumulative with dividends | +86.4% | -16.3% |
| 10-Year ReturnCumulative with dividends | +86.6% | -16.3% |
| CAGR (3Y)Annualised 3-year return | -3.2% | -8.6% |
Risk & Volatility
TXO is the less volatile stock with a 0.46 beta — it tends to amplify market swings less than EPM's 0.69 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EPM currently trades 78.4% from its 52-week high vs TXO's 61.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | EPMEvolution Petrole… | TXOTXO Partners, L.P. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.69x | 0.46x |
| 52-Week HighHighest price in past year | $5.70 | $20.24 |
| 52-Week LowLowest price in past year | $3.19 | $10.12 |
| % of 52W HighCurrent price vs 52-week peak | +78.4% | +61.9% |
| RSI (14)Momentum oscillator 0–100 | 59.5 | 60.2 |
| Avg Volume (50D)Average daily shares traded | 375K | 192K |
Analyst Outlook
Wall Street rates EPM as "Buy" and TXO as "Strong Buy". Consensus price targets imply 47.8% upside for TXO (target: $19) vs 15.2% for EPM (target: $5). For income investors, TXO offers the higher dividend yield at 18.87% vs EPM's 10.97%.
| Metric | EPMEvolution Petrole… | TXOTXO Partners, L.P. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Strong Buy |
| Price TargetConsensus 12-month target | $5.15 | $18.50 |
| # AnalystsCovering analysts | 8 | 2 |
| Dividend YieldAnnual dividend ÷ price | +11.0% | +18.9% |
| Dividend StreakConsecutive years of raises | 4 | 5 |
| Dividend / ShareAnnual DPS | $0.49 | $2.36 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 23 | Feb 26 | Change |
|---|---|---|---|
| Evolution Petroleum… (EPM) | 100 | 63.54 | -36.5% |
| TXO Partners, L.P. (TXO) | 101.95 | 53.32 | -47.7% |
Evolution Petroleum… (EPM) returned +86% over 5 years vs TXO Partners, L.P. (TXO)'s -16%. A $10,000 investment in EPM 5 years ago would be worth $18,640 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Evolution Petroleum… (EPM) | $26M | $86M | +225.8% |
| TXO Partners, L.P. (TXO) | $109M | $283M | +160.0% |
Evolution Petroleum Corporation's revenue grew from $26M (2016) to $86M (2025) — a 14.0% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Evolution Petroleum… (EPM) | 93.6% | 1.7% | -98.2% |
| TXO Partners, L.P. (TXO) | -150.1% | 8.3% | +105.5% |
Evolution Petroleum Corporation's net margin went from 94% (2016) to 2% (2025).
Chart 4P/E Ratio History — 8 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Evolution Petroleum… (EPM) | 32.6 | 106.6 | +227.0% |
Evolution Petroleum Corporation has traded in a 6x–107x P/E range over 8 years; current trailing P/E is ~135x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Evolution Petroleum… (EPM) | 0.73 | 0.03 | -95.5% |
| TXO Partners, L.P. (TXO) | -6.53 | 0.65 | +110.0% |
Evolution Petroleum Corporation's EPS grew from $0.73 (2016) to $0.03 (2025) — a -29% CAGR.
Chart 6Free Cash Flow — 5 Years
Evolution Petroleum Corporation generated $11M FCF in 2025 (+181% vs 2021). TXO Partners, L.P. generated $-156M FCF in 2024 (-7% vs 2021).
EPM vs TXO: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is EPM or TXO a better buy right now?
TXO Partners, L.P. (TXO) offers the better valuation at 19.3x trailing P/E (25.0x forward), making it the more compelling value choice. Analysts rate TXO Partners, L.P. (TXO) a "Strong Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — EPM or TXO?
On trailing P/E, TXO Partners, L.P. (TXO) is the cheapest at 19.3x versus Evolution Petroleum Corporation at 134.6x. On forward P/E, TXO Partners, L.P. is actually cheaper at 25.0x.
03Which is the better long-term investment — EPM or TXO?
Over the past 5 years, Evolution Petroleum Corporation (EPM) delivered a total return of +86.4%, compared to -16.3% for TXO Partners, L.P. (TXO). A $10,000 investment in EPM five years ago would be worth approximately $19K today (assuming dividends reinvested). Over 10 years, the gap is even starker: EPM returned +86.6% versus TXO's -16.3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — EPM or TXO?
By beta (market sensitivity over 5 years), TXO Partners, L.P. (TXO) is the lower-risk stock at 0.46β versus Evolution Petroleum Corporation's 0.69β — meaning EPM is approximately 48% more volatile than TXO relative to the S&P 500. On balance sheet safety, TXO Partners, L.P. (TXO) carries a lower debt/equity ratio of 26% versus 52% for Evolution Petroleum Corporation — giving it more financial flexibility in a downturn.
05Which has better profit margins — EPM or TXO?
TXO Partners, L.P. (TXO) is the more profitable company, earning 8.3% net margin versus 1.7% for Evolution Petroleum Corporation — meaning it keeps 8.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EPM leads at 4.9% versus -2.4% for TXO. At the gross margin level — before operating expenses — TXO leads at 28.3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is EPM or TXO more undervalued right now?
On forward earnings alone, TXO Partners, L.P. (TXO) trades at 25.0x forward P/E versus 131.9x for Evolution Petroleum Corporation — 106.8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TXO: 47.8% to $18.50.
07Which pays a better dividend — EPM or TXO?
All stocks in this comparison pay dividends. TXO Partners, L.P. (TXO) offers the highest yield at 18.9%, versus 11.0% for Evolution Petroleum Corporation (EPM).
08Is EPM or TXO better for a retirement portfolio?
For long-horizon retirement investors, TXO Partners, L.P. (TXO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.46), 18.9% yield). Both have compounded well over 10 years (TXO: -16.3%, EPM: +86.6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between EPM and TXO?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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