Kimbell Royalty Partners, LP (KRP) Financial Ratios
13 years of historical data (2013–2025) · Energy · Oil & Gas Exploration & Production
EV/EBITDA
↑
13.37
↑+26% vs avg
5yr avg: 10.61
30Y Low7.0·High23.2
P/FCF
↓
5.59
↓-72% vs avg
5yr avg: 20.12
30Y Low5.3·High43.7
P/B Ratio
↓
2.31
↑+26% vs avg
5yr avg: 1.82
30Y Low0.4·High2.4
ROE
↑
11.1%
↓+15% vs avg
5yr avg: 9.6%
30Y Low-100%·High19%
Debt/EBITDA
↑
3.39
↑+69% vs avg
5yr avg: 2.00
30Y Low1.3·High5.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KRP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Kimbell Royalty Partners, LP trades at 32.0x earnings, 63% above its 5-year average of 19.6x, sitting at the 100th percentile of its historical range. Compared to the Energy sector median P/E of 15.6x, the stock trades at a premium of 104%. On a free-cash-flow basis, the stock trades at 5.6x P/FCF, 72% below the 5-year average of 20.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $1.4B | $1.9B | $1.4B | $1.1B | $831M | $273M | $360M | $250M | $268M | — |
| Enterprise Value | $1.8B | $1.8B | $2.1B | $1.7B | $1.3B | $1.0B | $438M | $449M | $322M | $293M | — |
| P/E Ratio → | 31.96 | 25.57 | — | 16.54 | 9.71 | 26.73 | — | — | — | 219.89 | — |
| P/S Ratio | 4.11 | 4.27 | 6.06 | 5.13 | 3.86 | 4.66 | 2.94 | 3.28 | 3.74 | 8.75 | — |
| P/B Ratio | 2.31 | 1.85 | 2.18 | 1.36 | 1.35 | 2.38 | 0.72 | 0.56 | 0.38 | 1.02 | — |
| P/FCF | 5.59 | 5.81 | 7.51 | — | 43.67 | 23.49 | — | 5.30 | — | 14.34 | — |
| P/OCF | 5.57 | 5.79 | 7.51 | 8.04 | 6.60 | 9.09 | 4.39 | 4.46 | 7.54 | 14.30 | — |
P/E links to full P/E history page with 30-year chart
KRP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Kimbell Royalty Partners, LP's enterprise value stands at 13.4x EBITDA, 26% above its 5-year average of 10.6x. The Energy sector median is 7.9x, placing the stock at a 70% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.49 | 6.73 | 6.10 | 4.60 | 5.85 | 4.71 | 4.09 | 4.81 | 9.57 | — |
| EV / EBITDA | 13.37 | 13.77 | 12.13 | 8.06 | 6.99 | 12.08 | — | 23.18 | — | 16.57 | — |
| EV / EBIT | 13.40 | 13.81 | 56.55 | 14.78 | 8.89 | 20.19 | — | — | — | 143.15 | — |
| EV / FCF | — | 7.46 | 8.34 | — | 52.04 | 29.50 | — | 6.61 | — | 15.69 | — |
KRP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Kimbell Royalty Partners, LP earns an operating margin of 39.8%, significantly above the Energy sector average of 13.8%. ROE of 11.1% is modest. ROIC of 8.8% represents adequate returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 93.9% | 93.9% | 49.9% | 57.2% | 76.7% | 73.5% | 41.5% | 45.6% | 55.8% | -17097.0% | 47.7% |
| Operating Margin | 39.8% | 39.8% | 11.9% | 40.2% | 48.0% | 27.6% | -269.8% | -29.9% | -72.0% | 6.7% | -159.9% |
| Net Profit Margin | 27.2% | 27.2% | 3.9% | 24.3% | 39.3% | 19.0% | -171.7% | -143.9% | -75.4% | 4.0% | -172.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.1% | 11.1% | 1.3% | 7.2% | 19.3% | 9.3% | -31.3% | -24.3% | -10.9% | 0.9% | -54.3% |
| ROA | 7.7% | 7.7% | 1.0% | 5.5% | 13.3% | 5.8% | -24.3% | -21.1% | -9.6% | 0.8% | -25.6% |
| ROIC | 8.8% | 8.8% | 2.3% | 7.1% | 13.0% | 6.7% | -29.6% | -3.4% | -7.1% | 1.0% | -19.6% |
| ROCE | 11.4% | 11.4% | 3.0% | 9.2% | 16.8% | 8.7% | -38.6% | -4.4% | -9.2% | 1.3% | -25.5% |
KRP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Kimbell Royalty Partners, LP carries a Debt/EBITDA ratio of 3.4x, which is moderately leveraged (30% above the sector average of 2.6x). Net debt stands at $407M ($451M total debt minus $44M cash). Interest coverage of 3.9x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.58 | 0.58 | 0.28 | 0.29 | 0.29 | 0.63 | 0.46 | 0.16 | 0.13 | 0.12 | 1.23 |
| Debt / EBITDA | 3.39 | 3.39 | 1.41 | 1.43 | 1.26 | 2.54 | — | 5.33 | — | 1.74 | — |
| Net Debt / Equity | — | 0.53 | 0.24 | 0.26 | 0.26 | 0.61 | 0.44 | 0.14 | 0.11 | 0.10 | 1.17 |
| Net Debt / EBITDA | 3.06 | 3.06 | 1.21 | 1.28 | 1.12 | 2.46 | — | 4.59 | — | 1.42 | — |
| Debt / FCF | — | 1.66 | 0.83 | — | 8.37 | 6.01 | — | 1.31 | — | 1.35 | 10.20 |
| Interest Coverage | 3.85 | 3.85 | 1.39 | 4.34 | 10.66 | 5.63 | -38.96 | -26.06 | -11.77 | 2.59 | -13.58 |
KRP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Kimbell Royalty Partners, LP's current ratio of 8.64x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 7.95x to 8.64x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 8.64 | 8.64 | 6.69 | 7.95 | 4.01 | 1.60 | 3.23 | 6.28 | 9.90 | 5.63 | 1.13 |
| Quick Ratio | 8.64 | 8.64 | 6.69 | 7.95 | 4.20 | 1356.25 | 3.23 | 5.73 | 9.11 | 5.63 | 1.13 |
| Cash Ratio | 4.29 | 4.29 | 2.68 | 2.39 | 1.31 | 0.25 | 1.12 | 2.61 | 4.15 | 2.50 | 0.43 |
| Asset Turnover | — | 0.27 | 0.28 | 0.20 | 0.26 | 0.30 | 0.16 | 0.15 | 0.09 | 0.10 | 0.18 |
| Inventory Turnover | — | — | — | — | — | — | — | 20.27 | 9.93 | — | — |
| Days Sales Outstanding | — | 40.00 | 57.21 | 81.13 | 64.74 | 78.15 | 72.77 | 63.64 | 102.81 | 83.67 | 82.83 |
KRP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Kimbell Royalty Partners, LP returns 22.8% to shareholders annually — split between a 9.7% dividend yield and 13.1% buyback yield. The payout ratio exceeds 100% at 189.9%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 3.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 9.7% | 12.1% | 8.9% | 10.9% | 11.5% | 8.3% | 18.3% | 19.7% | 15.3% | 5.2% | — |
| Payout Ratio | 189.9% | 189.9% | 1368.5% | 228.8% | 113.3% | 203.5% | — | — | — | 1134.1% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.1% | 3.9% | — | 6.0% | 10.3% | 3.7% | — | — | — | 0.5% | — |
| FCF Yield | 17.9% | 17.2% | 13.3% | — | 2.3% | 4.3% | — | 18.9% | — | 7.0% | — |
| Buyback Yield | 13.1% | 12.6% | 0.0% | 0.0% | 0.3% | 0.3% | 22.5% | 0.1% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 22.8% | 24.7% | 8.9% | 10.9% | 11.9% | 8.6% | 40.8% | 19.8% | 15.3% | 5.2% | — |
| Shares Outstanding | — | $121M | $116M | $93M | $66M | $61M | $35M | $21M | $18M | $17M | $16M |
Peer Comparison
Compare KRP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 KRPYou | $1B | 32.0 | 13.4 | 5.6 | 93.9% | 39.8% | 11.1% | 8.8% | 3.4 |
 VNOM | $16B | -90.8 | 15.0 | — | 47.9% | 43.0% | -1.0% | 5.0% | 1.8 |
 TPL | $25B | 51.8 | 37.9 | 51.2 | 100.0% | 74.2% | 37.2% | 42.1% | 0.0 |
 DMLP | $1B | 21.5 | 9.7 | 9.4 | 46.2% | 37.5% | 17.2% | 14.7% | 0.0 |
 BSM | $3B | 10.8 | 10.4 | 9.9 | 74.9% | 61.8% | 26.6% | 16.1% | 0.5 |
 NOG | $2B | 49.5 | 3.1 | 8.1 | 32.2% | 29.3% | 1.7% | 10.0% | 1.7 |
 TPVG | $193M | 3.9 | 8.5 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 CTRA | $25B | 14.5 | 5.9 | 15.1 | 60.4% | 89.1% | 12.3% | 10.9% | 0.8 |
 EOG | $71B | 14.6 | 6.0 | 18.0 | 68.1% | 35.1% | 16.8% | 19.1% | 0.7 |
 DVN | $27B | 10.3 | 4.6 | 8.6 | 24.7% | 22.0% | 17.5% | 12.3% | 1.2 |
 FANG | $53B | 32.8 | 6.8 | 10.1 | 35.2% | 32.7% | 4.0% | 6.7% | 1.5 |
| Energy Median | — | 15.6 | 7.9 | 13.9 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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KRP — Frequently Asked Questions
Quick answers to the most common questions about buying KRP stock.
What is Kimbell Royalty Partners, LP's P/E ratio?
Kimbell Royalty Partners, LP's current P/E ratio is 32.0x. The historical average is 19.6x. This places it at the 100th percentile of its historical range.
What is Kimbell Royalty Partners, LP's EV/EBITDA?
Kimbell Royalty Partners, LP's current EV/EBITDA is 13.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.3x.
What is Kimbell Royalty Partners, LP's ROE?
Kimbell Royalty Partners, LP's return on equity (ROE) is 11.1%. The historical average is -15.9%.
Is KRP stock overvalued?
Based on historical data, Kimbell Royalty Partners, LP is trading at a P/E of 32.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Kimbell Royalty Partners, LP's dividend yield?
Kimbell Royalty Partners, LP's current dividend yield is 9.68% with a payout ratio of 189.9%.
What are Kimbell Royalty Partners, LP's profit margins?
Kimbell Royalty Partners, LP has 93.9% gross margin and 39.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Kimbell Royalty Partners, LP have?
Kimbell Royalty Partners, LP's Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.