VTS (Vitesse Energy) Operating Income: $17.7 Mil (TTM As of Mar. 2026)


VTS Vitesse Energy Inc VTS
72 GF Score
Price $16.00
GF Value $21.48
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Vitesse Energy Operating Income?

Vitesse Energy VTS +1.59% 72 Operating Income is $17.7 Mil as of Mar. 2026. GuruFocus rates VTS with a GF Score™ of 72/100 and a GF Value™ of $21.48 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Vitesse Energy's Operating Income for the three months ended in Mar. 2026 was $5.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $17.7 Mil.

Warning Sign:

Vitesse Energy Inc has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Vitesse Energy's Operating Income for the three months ended in Mar. 2026 was $5.9 Mil. Vitesse Energy's Revenue for the three months ended in Mar. 2026 was $67.4 Mil. Therefore, Vitesse Energy's Operating Margin % for the quarter that ended in Mar. 2026 was 8.77%.

Vitesse Energy's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vitesse Energy's annualized ROC % for the quarter that ended in Mar. 2026 was 2.23%. Vitesse Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -23.58%.

Vitesse Energy  (NYSE:VTS) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Vitesse Energy's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=23.648 * ( 1 - 18.29% )/( (852.668 + 880.921)/ 2 )
=19.3227808/866.7945
=2.23 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=893.35 - 39.766 - ( 1.328 - max(0, 51.251 - 52.167+1.328))
=852.668

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=882.587 - 39.937 - ( 3.18 - max(0, 86.999 - 48.728+3.18))
=880.921

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Vitesse Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-196.52/( ( (834.05 + max(6.752, 0)) + (826.206 + max(-35.701, 0)) )/ 2 )
=-196.52/( ( 840.802 + 826.206 )/ 2 )
=-196.52/833.504
=-23.58 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(30.62 + 0 + 20.219) - (39.766 + 0 + 4.321)
=6.752

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.342 + 0 + 4.206) - (39.937 + 0 + 41.312)
=-35.701

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Vitesse Energy's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=5.912/67.41
=8.77 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Vitesse Energy Operating Income Related Terms

Vitesse Energy Operating Income Historical Data

* Premium members only.

The historical data trend for Vitesse Energy's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vitesse Energy Operating Income Chart

Vitesse Energy Annual Data
Trend Nov19 Nov20 Nov21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 53.90 153.87 34.85 40.97 17.13

Vitesse Energy Quarterly Data
Nov20 Nov21 Aug22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.38 18.66 0.11 -7.02 5.91
VTS
72GF Score
Vitesse Energy Inc VTS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Vitesse Energy Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $17.7 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $17.7 Mil mean?
Vitesse Energy (VTS) has a Operating Income of $17.7 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Vitesse Energy and its competitors.
Is Vitesse Energy's Operating Income too high?
Vitesse Energy's current Operating Income is $17.7 Mil. Overall, Vitesse Energy has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vitesse Energy's Operating Income compare to TXO and GFR?
Vitesse Energy's Operating Income of $17.7 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Oil & Gas company?
A good Operating Income depends on the Oil & Gas industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Vitesse Energy and its competitors. Vitesse Energy's current Operating Income is $17.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vitesse Energy stock overvalued right now?
Based on GuruFocus' analysis, Vitesse Energy (VTS) is currently considered Modestly Undervalued. The stock's GF Value™ is $21.48, compared to a current price of $16.00 — trading 25.5% below its estimated fair value. The current Operating Income is $17.7 Mil. Vitesse Energy's overall GF Score™ is 72/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Vitesse Energy (VTS), the current Operating Income is $17.7 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Vitesse Energy (VTS) Overvalued in 2026?

Based on GuruFocus' analysis, Vitesse Energy stock appears to be undervalued. The current stock price of $16.00 is trading 25.5% below its estimated GF Value™ of $21.48. GuruFocus considers Vitesse Energy to be Modestly Undervalued.

Key valuation signals for VTS:

  • Operating Income: $17.7 Mil
  • GF Value™: $21.48 vs. price of $16.00 (25.5% below fair value)
  • GF Score™: 72/100 with 7 warning signs

No single metric tells the full story. See the VTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Vitesse Energy Business Description

Industry EnergyOil & Gas
Address 5619 DTC Parkway, Suite 700, Greenwood Village, CO, USA, 80111
Vitesse Energy Inc is an independent energy company focused on returning capital to stockholders through owning interests as a non-operator in oil and natural gas wells. It is engaged in the acquisition, development, and production of non-operated oil and natural gas properties in the United States that are generally operated by oil companies and are in the Williston Basin of North Dakota and Montana with limited operations. The company also have properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.
72GF Score

Get the complete analysis for VTS

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.00
Price
$21.48
GF Value