VET
Vermilion Energy Inc.
Oil & Gas Exploration & Production
Market Cap$1.71B
5Y Perf.+150.0%
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PBA
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Stock Comparison
VET vs PBA
Revenue, margins, valuation, and 5-year total return — side by side.
PBA
Pembina Pipeline Corporation
Oil & Gas Midstream
Market Cap$28.10B
5Y Perf.+93.4%
VET vs PBA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot |  VET |  PBA |
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Midstream |
| Market Cap | $1.71B | $28.10B |
| Revenue (TTM) | $1.81B | $7.57B |
| Net Income (TTM) | $-814M | $1.69B |
| Gross Margin | 35.9% | 40.5% |
| Operating Margin | 20.2% | 34.1% |
| Forward P/E | 11.2x | 16.0x |
| Total Debt | $1.30B | $13.31B |
| Cash & Equiv. | $19M | $106M |
VET vs PBA — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
VET
PBA
| Stock | Jun 20 | Jun 26 | Return |
|---|---|---|---|
| Vermilion Energy In… (VET) | 100 | 250.0 | +150.0% |
| Pembina Pipeline Co… (PBA) | 100 | 193.4 | +93.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: VET vs PBA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PBA leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Vermilion Energy Inc. is the stronger pick specifically for valuation and capital efficiency and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
🥇PBA emerged as the overall leader. Track its performance:
VET
Vermilion Energy Inc.
The Defensive Pick
VET is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta -0.18, Low D/E 58.6%, current ratio 0.84x
- Beta -0.18, yield 4.1%, current ratio 0.84x
- Lower P/E (11.2x vs 16.0x)
Best for: sleep-well-at-night and defensive
PBA
Pembina Pipeline Corporation
The Income Pick
PBA carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 7 yrs, beta -0.06, yield 4.5%
- Rev growth 5.3%, EPS growth -11.3%, 3Y rev CAGR -12.5%
- 114.2% 10Y total return vs VET's -39.7%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth |  PBA | 5.3% revenue growth vs VET's -15.0% |
| Value |  VET | Lower P/E (11.2x vs 16.0x) |
| Quality / Margins | PBA | 22.3% margin vs VET's -44.9% |
| Stability / Safety | VET | Lower D/E ratio (58.6% vs 79.4%) |
| Dividends | PBA | 4.5% yield, 7-year raise streak, vs VET's 4.1% |
| Momentum (1Y) | VET | +45.6% vs PBA's +32.5% |
| Efficiency (ROA) | PBA | 4.7% ROA vs VET's -13.8%, ROIC 6.9% vs 3.5% |
VET vs PBA — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2025
VET vs PBA — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLPBALAGGINGVET
VETVermilion Energy Inc.
1leads
PBAPembina Pipeline Corp…
4leads
6 Total Categories
CATEGORYLEADERvs VETMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
PBA6/6
Valuation MetricsMultiples, price ratios, and targets
VET6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PBA6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
PBA4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
PBA2/2
Income & Cash Flow (Last 12 Months)
PBA leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PBA is the larger business by revenue, generating $7.6B annually — 4.2x VET's $1.8B. PBA is the more profitable business, keeping 22.3% of every revenue dollar as net income compared to VET's -44.9%. On growth, PBA holds the edge at -10.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | VETVermilion Energy … | PBAPembina Pipeline … |
|---|---|---|
| RevenueTrailing 12 months | $1.8B | $7.6B |
| EBITDAEarnings before interest/tax | $1.2B | $3.6B |
| Net IncomeAfter-tax profit | -$814M | $1.7B |
| Free Cash FlowCash after capex | $301M | $2.0B |
| Gross MarginGross profit ÷ Revenue | +35.9% | +40.5% |
| Operating MarginEBIT ÷ Revenue | +20.2% | +34.1% |
| Net MarginNet income ÷ Revenue | -44.9% | +22.3% |
| FCF MarginFCF ÷ Revenue | +16.6% | +26.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | -16.4% | -10.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -10.9% | +1.3% |
PBA leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
VET leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, VET's 3.9x EV/EBITDA is more attractive than PBA's 13.8x.
| Metric | VETVermilion Energy … | PBAPembina Pipeline … |
|---|---|---|
| Market CapShares × price | $1.7B | $28.1B |
| Enterprise ValueMkt cap + debt − cash | $2.6B | $37.5B |
| Trailing P/EPrice ÷ TTM EPS | -3.68x | 25.41x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.20x | 15.97x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 3.92x | 13.83x |
| Price / SalesMarket cap ÷ Revenue | 1.35x | 5.05x |
| Price / BookPrice ÷ Book value/share | 1.08x | 2.35x |
| Price / FCFMarket cap ÷ FCF | 7.32x | 15.79x |
VET leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
PBA leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
PBA delivers a 10.0% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $-34 for VET. VET carries lower financial leverage with a 0.59x debt-to-equity ratio, signaling a more conservative balance sheet compared to PBA's 0.79x. On the Piotroski fundamental quality scale (0–9), PBA scores 5/9 vs VET's 3/9, reflecting solid financial health.
| Metric | VETVermilion Energy … | PBAPembina Pipeline … |
|---|---|---|
| ROE (TTM)Return on equity | -33.7% | +10.0% |
| ROA (TTM)Return on assets | -13.8% | +4.7% |
| ROICReturn on invested capital | +3.5% | +6.9% |
| ROCEReturn on capital employed | +3.3% | +8.4% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 5 |
| Debt / EquityFinancial leverage | 0.59x | 0.79x |
| Net DebtTotal debt minus cash | $1.3B | $13.2B |
| Cash & Equiv.Liquid assets | $19M | $106M |
| Total DebtShort + long-term debt | $1.3B | $13.3B |
| Interest CoverageEBIT ÷ Interest expense | 2.53x | 4.44x |
PBA leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
PBA leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PBA five years ago would be worth $17,472 today (with dividends reinvested), compared to $14,136 for VET. Over the past 12 months, VET leads with a +45.6% total return vs PBA's +32.5%. The 3-year compound annual growth rate (CAGR) favors PBA at 20.2% vs VET's 1.3% — a key indicator of consistent wealth creation.
| Metric | VETVermilion Energy … | PBAPembina Pipeline … |
|---|---|---|
| YTD ReturnYear-to-date | +31.7% | +26.7% |
| 1-Year ReturnPast 12 months | +45.6% | +32.5% |
| 3-Year ReturnCumulative with dividends | +4.0% | +73.5% |
| 5-Year ReturnCumulative with dividends | +41.4% | +74.7% |
| 10-Year ReturnCumulative with dividends | -39.7% | +114.2% |
| CAGR (3Y)Annualised 3-year return | +1.3% | +20.2% |
PBA leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — VET and PBA each lead in 1 of 2 comparable metrics.
Risk & Volatility
VET is the less volatile stock with a -0.18 beta — it tends to amplify market swings less than PBA's -0.06 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PBA currently trades 96.5% from its 52-week high vs VET's 75.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | VETVermilion Energy … | PBAPembina Pipeline … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.18x | -0.06x |
| 52-Week HighHighest price in past year | $14.82 | $50.10 |
| 52-Week LowLowest price in past year | $7.00 | $35.45 |
| % of 52W HighCurrent price vs 52-week peak | +75.2% | +96.5% |
| RSI (14)Momentum oscillator 0–100 | 40.9 | 56.9 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 949K |
Evenly matched — VET and PBA each lead in 1 of 2 comparable metrics.
Analyst Outlook
PBA leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates VET as "Hold" and PBA as "Buy". Consensus price targets imply -3.7% upside for VET (target: $11) vs -19.8% for PBA (target: $39). For income investors, PBA offers the higher dividend yield at 4.50% vs VET's 4.10%.
| Metric | VETVermilion Energy … | PBAPembina Pipeline … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $10.74 | $38.76 |
| # AnalystsCovering analysts | 10 | 16 |
| Dividend YieldAnnual dividend ÷ price | +4.1% | +4.5% |
| Dividend StreakConsecutive years of raises | 3 | 7 |
| Dividend / ShareAnnual DPS | $0.64 | $3.04 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.5% | 0.0% |
PBA leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
PBA leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). VET leads in 1 (Valuation Metrics). 1 tied.
Best OverallPembina Pipeline Corporation (PBA)Leads 4 of 6 categories
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VET vs PBA: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is VET or PBA a better buy right now?
For growth investors, Pembina Pipeline Corporation (PBA) is the stronger pick with 5.
3% revenue growth year-over-year, versus -15. 0% for Vermilion Energy Inc. (VET). Pembina Pipeline Corporation (PBA) offers the better valuation at 25. 4x trailing P/E (16. 0x forward), making it the more compelling value choice. Analysts rate Pembina Pipeline Corporation (PBA) a "Buy" — based on 16 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 — VET or PBA?
On forward P/E, Vermilion Energy Inc.
is actually cheaper at 11. 2x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — VET or PBA?
Over the past 5 years, Pembina Pipeline Corporation (PBA) delivered a total return of +74.
7%, compared to +41. 4% for Vermilion Energy Inc. (VET). Over 10 years, the gap is even starker: PBA returned +114. 2% versus VET's -39. 7%. 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 — VET or PBA?
By beta (market sensitivity over 5 years), Vermilion Energy Inc.
(VET) is the lower-risk stock at -0. 18β versus Pembina Pipeline Corporation's -0. 06β — meaning PBA is approximately -66% more volatile than VET relative to the S&P 500. On balance sheet safety, Vermilion Energy Inc. (VET) carries a lower debt/equity ratio of 59% versus 79% for Pembina Pipeline Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — VET or PBA?
By revenue growth (latest reported year), Pembina Pipeline Corporation (PBA) is pulling ahead at 5.
3% versus -15. 0% for Vermilion Energy Inc. (VET). On earnings-per-share growth, the picture is similar: Pembina Pipeline Corporation grew EPS -11. 3% year-over-year, compared to -1313. 3% for Vermilion Energy Inc.. Over a 3-year CAGR, PBA leads at -12. 5% 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.
06Which has better profit margins — VET or PBA?
Pembina Pipeline Corporation (PBA) is the more profitable company, earning 21.
8% net margin versus -37. 0% for Vermilion Energy Inc. — meaning it keeps 21. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PBA leads at 36. 1% versus 9. 5% for VET. At the gross margin level — before operating expenses — PBA leads at 38. 4%, 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.
07Is VET or PBA more undervalued right now?
On forward earnings alone, Vermilion Energy Inc.
(VET) trades at 11. 2x forward P/E versus 16. 0x for Pembina Pipeline Corporation — 4. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for VET: -3. 7% to $10. 74.
08Which pays a better dividend — VET or PBA?
All stocks in this comparison pay dividends.
Pembina Pipeline Corporation (PBA) offers the highest yield at 4. 5%, versus 4. 1% for Vermilion Energy Inc. (VET).
09Is VET or PBA better for a retirement portfolio?
For long-horizon retirement investors, Vermilion Energy Inc.
(VET) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 18), 4. 1% yield). Both have compounded well over 10 years (VET: -39. 7%, PBA: +114. 2%), 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.
10What are the main differences between VET and PBA?
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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