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VETVermilion Energy Inc.$11.15$1.7B
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  3. Financial Ratios
  4. Quarterly

Vermilion Energy Inc. (VET) Quarterly Financial Ratios

Last 48 quarters of trend data · Energy · Oil & Gas Exploration & Production

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

EV/EBITDA has expanded 8.3% YoY to 3.0x, reflecting rising market expectations or slowing EBITDA growth.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
P/E Ratio →-3.68————20.88—7.63—220.57—10.754.10
—————-90.5%—-29.0%—+15341.4%—+223.2%+83.9%
P/S Ratio1.351.080.740.720.600.540.730.781.160.930.881.151.23
—+99.8%+1.2%-8.0%-48.4%-42.2%-16.4%-32.5%-5.3%-16.9%-5.8%+12.8%+18.1%
P/B Ratio1.081.030.570.450.420.440.540.550.630.680.650.630.55
—+134.7%+6.7%-18.2%-32.8%-35.9%-17.2%-13.4%+14.9%+18.5%-23.4%-49.4%-54.7%
P/FCF7.325.63—1.2511.353.2156.7433.812.853.111.45—76.75
—+75.5%—-96.3%+298.7%+3.2%+3818.2%—-96.3%+33.4%-34.7%—+3872.5%
EV / EBITDA3.922.982.831.493.372.752.432.573.502.862.383.591.81
—+8.3%+16.4%-41.8%-3.9%-3.8%+2.1%-28.4%+94.1%+68.3%+87.0%+143.7%+16.1%
EV / EBIT21.938.33—11.074.6412.98—6.63—9.30—9.725.10
—-35.8%—+67.0%—+39.6%—-31.8%—+168.8%—+266.4%+134.0%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Vermilion Energy Inc.'s operating margin was 20.8% in Q1 2026, up 21.7 pp QoQ and up 1.7 pp YoY. Gross margin contracted 56.6% YoY, suggesting cost inflation or competitive pricing pressure.

Margins

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Gross Margin16.5%25.4%6.6%58.9%52.7%58.6%58.3%53.0%52.2%51.4%39.0%55.5%62.6%
—-56.6%-88.7%+11.3%+0.9%+14.0%+49.7%-4.5%-16.6%-23.3%-51.0%-33.6%-24.2%
Operating Margin9.5%20.8%-0.8%53.0%9.2%19.1%16.1%10.8%4.8%11.3%5.7%—56.7%
—+9.1%-105.1%+392.2%+93.3%+69.3%+180.2%—-91.6%-80.6%-92.5%—-28.8%
Net Margin-37.0%-29.8%-101.8%0.6%-49.4%2.6%-3.6%10.2%-21.6%0.4%-143.1%10.9%30.1%
—-1267.4%-2765.2%-94.1%-128.7%+505.9%+97.5%-5.8%-171.7%-99.5%-380.2%-64.6%-35.6%

Return on Capital

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
ROE-26.0%-6.8%-17.7%0.1%-8.4%0.5%-0.6%1.8%-2.8%0.1%-23.3%1.5%3.4%
—-1400.8%-2656.5%-94.8%-195.3%+585.0%+97.2%+21.3%-184.3%-99.3%-285.6%-84.7%-76.8%
ROA-11.4%-2.7%-7.7%0.0%-3.4%0.2%-0.3%0.8%-1.3%0.0%-12.0%0.8%1.8%
—-1281.4%-2478.9%-95.2%-156.9%+517.4%+97.5%+5.5%-174.5%-99.3%-306.2%-81.0%-69.6%
ROIC3.5%2.2%-0.1%3.9%0.7%2.0%1.7%1.1%0.4%1.2%0.6%—3.8%
—+13.2%-104.2%+248.1%+84.6%+60.8%+201.9%—-90.2%-73.4%-94.5%—-66.7%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

Vermilion Energy Inc.'s Debt/EBITDA ratio is 4.6x, down from 5.7x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 10.7% YoY to 0.63x, tightening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Debt / Equity0.590.640.580.490.740.670.360.360.360.320.310.260.25
—-4.9%+60.6%+37.4%+108.8%+107.7%+16.0%+36.7%+42.7%+24.5%-6.2%-48.6%-57.6%
Debt / EBITDA1.394.585.743.188.806.704.134.375.624.013.254.192.31
—-31.7%+39.1%-27.2%+56.5%+67.2%+27.1%+4.3%+143.6%+84.2%+125.5%+146.3%+12.8%
Current Ratio0.840.630.840.811.940.710.951.251.091.161.180.900.85
—-10.7%-11.6%-35.4%+78.1%-38.6%-19.4%+39.3%+27.7%+39.9%+47.7%+47.8%+54.4%
Quick Ratio0.760.580.760.711.840.640.891.191.021.111.100.860.83
—-9.3%-14.5%-40.1%+79.5%-42.3%-19.4%+38.8%+23.4%+39.8%+41.3%+49.4%+57.7%
Interest Coverage1.263.81-0.131.634.391.85-2.574.29-2.754.01-38.954.377.25
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 48 years · Updated daily

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VET — Frequently Asked Questions

Quick answers to the most common questions about buying VET stock.

What is Vermilion Energy Inc.'s quarterly P/E ratio trend?

Vermilion Energy Inc.'s current P/E is -3.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Vermilion Energy Inc.'s margins change by quarter?

Vermilion Energy Inc.'s current operating margin is 9.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at VET quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Vermilion Energy Inc.'s business trajectory between earnings reports.