Oil & Gas Exploration & Production
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TXO vs VNOM
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
TXO vs VNOM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Midstream |
| Market Cap | $683M | $17.89B |
| Revenue (TTM) | $355M | $1.60B |
| Net Income (TTM) | $-98M | $-46M |
| Gross Margin | -4.5% | 46.3% |
| Operating Margin | -14.5% | 43.1% |
| Forward P/E | 20.8x | 21.1x |
| Total Debt | $291M | $2.19B |
| Cash & Equiv. | $9M | $13M |
TXO vs VNOM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jan 23 | May 26 | Return |
|---|---|---|---|
| TXO Partners, L.P. (TXO) | 100 | 55.2 | -44.8% |
| Viper Energy, Inc. (VNOM) | 100 | 150.2 | +50.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TXO vs VNOM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TXO is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.05, yield 16.5%
- Lower volatility, beta 0.05, Low D/E 32.0%, current ratio 0.62x
- Beta 0.05, yield 16.5%, current ratio 0.62x
VNOM carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 56.6%, EPS growth -112.6%, 3Y rev CAGR 15.8%
- 247.5% 10Y total return vs TXO's -15.6%
- 56.6% revenue growth vs TXO's 45.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 56.6% revenue growth vs TXO's 45.5% | |
| Value | Lower P/E (20.8x vs 21.1x) | |
| Quality / Margins | -2.9% margin vs TXO's -27.7% | |
| Stability / Safety | Beta 0.05 vs VNOM's 0.38 | |
| Dividends | 16.5% yield, vs VNOM's 4.8% | |
| Momentum (1Y) | +24.8% vs TXO's -16.8% | |
| Efficiency (ROA) | -0.4% ROA vs TXO's -7.7%, ROIC 5.0% vs 1.7% |
TXO vs VNOM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
TXO vs VNOM — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
VNOM leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
VNOM is the larger business by revenue, generating $1.6B annually — 4.5x TXO's $355M. VNOM is the more profitable business, keeping -2.9% of every revenue dollar as net income compared to TXO's -27.7%. On growth, VNOM holds the edge at +102.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $355M | $1.6B |
| EBITDAEarnings before interest/tax | $48M | $1.4B |
| Net IncomeAfter-tax profit | -$98M | -$46M |
| Free Cash FlowCash after capex | -$144M | -$4.4B |
| Gross MarginGross profit ÷ Revenue | -4.5% | +46.3% |
| Operating MarginEBIT ÷ Revenue | -14.5% | +43.1% |
| Net MarginNet income ÷ Revenue | -27.7% | -2.9% |
| FCF MarginFCF ÷ Revenue | -40.4% | -2.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -66.5% | +102.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -24.4% | -14.5% |
Valuation Metrics
TXO leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, TXO's 8.1x EV/EBITDA is more attractive than VNOM's 16.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $683M | $17.9B |
| Enterprise ValueMkt cap + debt − cash | $965M | $20.1B |
| Trailing P/EPrice ÷ TTM EPS | -28.77x | -99.36x |
| Forward P/EPrice ÷ next-FY EPS est. | 20.79x | 21.06x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 8.12x | 16.92x |
| Price / SalesMarket cap ÷ Revenue | 1.66x | 13.29x |
| Price / BookPrice ÷ Book value/share | 0.68x | 0.66x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
VNOM leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
VNOM delivers a -0.5% return on equity — every $100 of shareholder capital generates $-0 in annual profit, vs $-12 for TXO. VNOM carries lower financial leverage with a 0.21x debt-to-equity ratio, signaling a more conservative balance sheet compared to TXO's 0.32x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -12.2% | -0.5% |
| ROA (TTM)Return on assets | -7.7% | -0.4% |
| ROICReturn on invested capital | +1.7% | +5.0% |
| ROCEReturn on capital employed | +2.1% | +6.6% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 3 |
| Debt / EquityFinancial leverage | 0.32x | 0.21x |
| Net DebtTotal debt minus cash | $282M | $2.2B |
| Cash & Equiv.Liquid assets | $9M | $13M |
| Total DebtShort + long-term debt | $291M | $2.2B |
| Interest CoverageEBIT ÷ Interest expense | -1.67x | 2.67x |
Total Returns (Dividends Reinvested)
VNOM leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in VNOM five years ago would be worth $31,488 today (with dividends reinvested), compared to $8,441 for TXO. Over the past 12 months, VNOM leads with a +24.8% total return vs TXO's -16.8%. The 3-year compound annual growth rate (CAGR) favors VNOM at 26.2% vs TXO's -5.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +15.3% | +24.3% |
| 1-Year ReturnPast 12 months | -16.8% | +24.8% |
| 3-Year ReturnCumulative with dividends | -15.7% | +100.8% |
| 5-Year ReturnCumulative with dividends | -15.6% | +214.9% |
| 10-Year ReturnCumulative with dividends | -15.6% | +247.5% |
| CAGR (3Y)Annualised 3-year return | -5.5% | +26.2% |
Risk & Volatility
Evenly matched — TXO and VNOM each lead in 1 of 2 comparable metrics.
Risk & Volatility
TXO is the less volatile stock with a 0.05 beta — it tends to amplify market swings less than VNOM's 0.38 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VNOM currently trades 93.3% from its 52-week high vs TXO's 69.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.05x | 0.38x |
| 52-Week HighHighest price in past year | $17.90 | $51.13 |
| 52-Week LowLowest price in past year | $10.12 | $35.10 |
| % of 52W HighCurrent price vs 52-week peak | +69.1% | +93.3% |
| RSI (14)Momentum oscillator 0–100 | 54.9 | 63.5 |
| Avg Volume (50D)Average daily shares traded | 202K | 2.9M |
Analyst Outlook
TXO leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates TXO as "Strong Buy" and VNOM as "Buy". Consensus price targets imply 45.5% upside for TXO (target: $18) vs 13.6% for VNOM (target: $54). For income investors, TXO offers the higher dividend yield at 16.47% vs VNOM's 4.83%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Strong Buy | Buy |
| Price TargetConsensus 12-month target | $18.00 | $54.20 |
| # AnalystsCovering analysts | 2 | 42 |
| Dividend YieldAnnual dividend ÷ price | +16.5% | +4.8% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $2.04 | $2.30 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.1% |
VNOM leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TXO leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
TXO vs VNOM: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is TXO or VNOM a better buy right now?
For growth investors, Viper Energy, Inc.
(VNOM) is the stronger pick with 56. 6% revenue growth year-over-year, versus 45. 5% for TXO Partners, L. P. (TXO). 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 is the better long-term investment — TXO or VNOM?
Over the past 5 years, Viper Energy, Inc.
(VNOM) delivered a total return of +214. 9%, compared to -15. 6% for TXO Partners, L. P. (TXO). Over 10 years, the gap is even starker: VNOM returned +247. 5% versus TXO's -15. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — TXO or VNOM?
By beta (market sensitivity over 5 years), TXO Partners, L.
P. (TXO) is the lower-risk stock at 0. 05β versus Viper Energy, Inc. 's 0. 38β — meaning VNOM is approximately 702% more volatile than TXO relative to the S&P 500. On balance sheet safety, Viper Energy, Inc. (VNOM) carries a lower debt/equity ratio of 21% versus 32% for TXO Partners, L. P. — giving it more financial flexibility in a downturn.
04Which is growing faster — TXO or VNOM?
By revenue growth (latest reported year), Viper Energy, Inc.
(VNOM) is pulling ahead at 56. 6% versus 45. 5% for TXO Partners, L. P. (TXO). On earnings-per-share growth, the picture is similar: Viper Energy, Inc. grew EPS -112. 6% year-over-year, compared to -166. 2% for TXO Partners, L. P.. Over a 3-year CAGR, TXO leads at 18. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — TXO or VNOM?
Viper Energy, Inc.
(VNOM) is the more profitable company, earning -5. 1% net margin versus -5. 3% for TXO Partners, L. P. — meaning it keeps -5. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VNOM leads at 43. 0% versus 5. 4% for TXO. At the gross margin level — before operating expenses — VNOM leads at 47. 9%, 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 TXO or VNOM more undervalued right now?
On forward earnings alone, TXO Partners, L.
P. (TXO) trades at 20. 8x forward P/E versus 21. 1x for Viper Energy, Inc. — 0. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TXO: 45. 5% to $18. 00.
07Which pays a better dividend — TXO or VNOM?
All stocks in this comparison pay dividends.
TXO Partners, L. P. (TXO) offers the highest yield at 16. 5%, versus 4. 8% for Viper Energy, Inc. (VNOM).
08Is TXO or VNOM 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. 05), 16. 5% yield). Both have compounded well over 10 years (TXO: -15. 6%, VNOM: +247. 5%), 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 TXO and VNOM?
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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