Evolution Petroleum Corporation (EPM) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2026, filed Sep 16, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EPM SEC filings page.
Evolution Petroleum Corporation (EPM) reported $86.3M in revenue for fiscal year 2026, up 0.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue has stabilized, but thinner margins, rising leverage, and investment exceeding operating cash generation have tightened the financial structure.
The post-FY2023 revenue base has held near$86M , but FY2026 operating margin was just4.0% . That combination, versus a35.1% operating margin in FY2023, indicates profitability weakened within a relatively stable revenue base rather than from a new revenue contraction in FY2026.
FY2026 produced operating cash flow of
Debt-to-equity rose from 0.4x in FY2023 to 1.8x in FY2026 as equity contracted, making the balance sheet more liability-dependent. Short-term coverage remained below 1.0x in both FY2025 and FY2026, while dividends of
Financial Health Signals
Scored against energy companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Evolution Petroleum Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Evolution Petroleum Corporation has an operating margin of 4.0%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is down from 4.9% the prior year.
Evolution Petroleum Corporation's revenue grew a modest 0.6% year-over-year to $86.3M. This slow but positive growth earns a score of 45/100.
Evolution Petroleum Corporation has a moderate D/E ratio of 1.79. This balance of debt and equity financing earns a leverage score of 34/100.
Evolution Petroleum Corporation's current ratio of 0.92 is below the typical benchmark, resulting in a score of 28/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Not available for Evolution Petroleum Corporation, and counted as zero in the overall score.
Evolution Petroleum Corporation posts a -4.0% return on equity (ROE), meaning it loses $4 for every $100 of shareholders' equity. This results in a returns score of 29/100. This is down from 2.1% the prior year.
Evolution Petroleum Corporation scores 1.41, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($143.8M) relative to total liabilities ($108.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Evolution Petroleum Corporation passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Evolution Petroleum Corporation reported a net loss of $2.4M while generating $23.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Evolution Petroleum Corporation earns $0.90 in operating income for every $1 of interest expense ($3.5M vs $3.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Evolution Petroleum Corporation generated $24.2M in revenue in Q4 2026. This represents an increase of 14.7% from the same quarter a year earlier. Against the prior quarter it is up 20.0%.
Evolution Petroleum Corporation's EBITDA was $9.1M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 26.7% from the same quarter a year earlier. Against the prior quarter it is up 91.5%.
Evolution Petroleum Corporation reported $4.6M in net income in Q4 2026. This represents an increase of 35.2% from the same quarter a year earlier. Against the prior quarter it is up 151.7%.
Evolution Petroleum Corporation earned $0.14 per diluted share (EPS) in Q4 2026. This represents an increase of 40.0% from the same quarter a year earlier. Against the prior quarter it is up 153.8%.
Cash & Balance Sheet
Evolution Petroleum Corporation held $6.1M in cash as of Q4 2026; long-term debt is not reported for that period.
Not reported for Q4 2026.
Not reported for Q4 2026.
Margins & Returns
Evolution Petroleum Corporation's operating margin was 14.3% in Q4 2026, reflecting core business profitability. This is up 8.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.1 percentage points.
Evolution Petroleum Corporation's net profit margin was 19.1% in Q4 2026, showing the share of revenue converted to profit. This is up 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 63.3 percentage points.
Evolution Petroleum Corporation's ROE was 7.6% in Q4 2026, measuring profit generated per dollar of shareholder equity. This is up 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 22.9 percentage points.
Not reported for Q4 2026.
Capital Allocation
Evolution Petroleum Corporation repurchased no shares in Q4 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.
Not reported for Q4 2026.
Not reported for Q4 2026.
EPM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.2M+14.7% | $20.2M-10.6% | $20.7M+2.0% | $21.3M-2.8% | $21.1M-0.6% | $22.6M-2.0% | $20.3M-3.6% | $21.9M+6.3% |
| Cost of Revenue | $12.8M+12.4% | $13.0M-3.2% | $11.5M-10.0% | $13.1M+11.0% | $11.4M-0.4% | $13.4M+6.1% | $12.8M+3.5% | $11.8M-0.8% |
| SG&A Expenses | $2.4M-8.7% | $2.5M-3.9% | $2.6M-2.3% | $2.3M-8.0% | $2.6M+22.0% | $2.6M+6.5% | $2.7M+6.1% | $2.5M-2.9% |
| Operating Income | $3.5M+158.6% | -$558K-135.2% | $658K+208.8% | -$85K-104.6% | $1.3M-44.2% | $1.6M-23.9% | -$605K-138.6% | $1.9M+0.1% |
| EBITDA | $9.1M+26.7% | $4.7M-28.2% | $6.6M+36.2% | $5.9M-22.5% | $7.2M-7.1% | $6.6M-17.3% | $4.8M-21.7% | $7.6M+23.9% |
| Interest Expense | $969K+42.9% | $960K+36.2% | $1.0M+31.3% | $917K+11.4% | $678K-22.5% | $705K+36.1% | $764K+2147.1% | $823K+2471.9% |
| Income Tax | $511K-47.5% | -$2.4M-253.9% | $837K+217.7% | $365K-55.5% | $973K+300.4% | -$687K-537.6% | -$711K-228.3% | $821K+77.3% |
| Net Income | $4.6M+35.2% | -$8.9M-309.9% | $1.1M+158.4% | $824K-60.1% | $3.4M+176.3% | -$2.2M-854.0% | -$1.8M-268.7% | $2.1M+40.1% |
| EPS (Basic) | $0.14+40.0% | -$0.26-271.4% | $0.03+150.0% | $0.02-66.7% | $0.10+233.3% | -$0.07-800.0% | -$0.06-300.0% | $0.06+50.0% |
| EPS (Diluted) | $0.14+40.0% | -$0.26-271.4% | $0.03+150.0% | $0.02-66.7% | $0.10+150.0% | -$0.07-800.0% | -$0.06-300.0% | $0.06+50.0% |
| Diluted Shares (Avg) | N/A | 34M+2.6% | 34M+3.3% | 34M+3.4% | N/A | 33M+1.8% | 33M+0.1% | 33M-0.4% |
Not reported in any period shown, so not listed: Gross Profit, R&D Expenses.
EPM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $168.7M+5.3% | $169.8M+8.5% | $169.3M+5.6% | $169.1M+7.1% | $160.3M-1.6% | $156.4M-6.1% | $160.2M+27.2% | $157.9M+24.2% |
| Current Assets | $20.5M+18.1% | $16.5M-16.5% | $17.2M-36.4% | $12.5M-40.4% | $17.4M-20.0% | $19.8M-14.2% | $27.0M+27.6% | $21.0M-5.0% |
| Cash & Equivalents | $6.1M+144.8% | $2.6M-53.3% | $3.8M-67.8% | $714K-89.7% | $2.5M-61.1% | $5.6M+82.6% | $11.7M+37.9% | $6.9M-26.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $10.1M-6.6% | $9.5M-11.2% | $9.3M-12.5% | $8.5M-21.4% | $10.8M-0.2% | $10.7M-19.9% | $10.7M+5.5% | $10.8M+2.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $108.3M+22.5% | $111.4M+31.4% | $101.7M+21.2% | $100.0M+27.7% | $88.4M+8.2% | $84.7M+2.0% | $83.9M+117.8% | $78.3M+110.1% |
| Current Liabilities | $22.4M+4.5% | $27.1M+20.5% | $19.1M+16.2% | $17.9M+43.7% | $21.4M+35.2% | $22.5M+45.4% | $16.5M+13.3% | $12.4M-4.9% |
| Non-Current Liabilities | $85.9M+28.2% | $84.2M+35.4% | $82.6M+22.4% | $82.1M+24.7% | $67.1M+1.7% | $62.2M-7.9% | $67.5M+181.1% | $65.9M+172.2% |
| Total Equity | $60.4M-15.9% | $58.4M-18.5% | $67.5M-11.5% | $69.1M-13.2% | $71.8M-11.5% | $71.7M-14.1% | $76.3M-12.7% | $79.6M-11.4% |
| Retained Earnings | $5.8M-77.1% | $5.5M-78.8% | $18.7M-41.9% | $21.8M-42.7% | $25.1M-37.2% | $25.8M-39.6% | $32.1M-30.9% | $38.0M-23.0% |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
EPM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $6.8M-35.0% | $3.5M-52.0% | $5.4M-29.7% | $7.8M+2.5% | $10.5M+30.9% | $7.3M+115.9% | $7.7M+9.4% | $7.6M+76.1% |
| Depreciation & Amortization | $5.6M-3.7% | $5.3M+5.6% | $5.9M+8.9% | $6.0M+4.1% | $5.8M+9.8% | $5.0M-15.0% | $5.4M+18.2% | $5.7M+34.3% |
| Stock-Based Compensation | N/A | $600K0.0% | N/A | $537K-3.9% | N/A | $600K+20.0% | N/A | $559K+18.4% |
| Investing Cash Flow | $53K+100.5% | -$5.9M+4.8% | -$617K+25.4% | -$20.7M-589.1% | -$11.6M-562.1% | -$6.2M+86.6% | -$827K+78.7% | -$3.0M-64.3% |
| Financing Cash Flow | -$3.3M-69.9% | $1.3M+118.2% | -$1.8M+18.6% | $11.1M+369.1% | -$2.0M+72.4% | -$7.1M-118.9% | -$2.2M+47.6% | -$4.1M-0.1% |
| Dividends Paid | $4.3M+5.0% | $4.3M+3.7% | $4.2M+2.8% | $4.2M+3.1% | $4.1M+3.0% | $4.1M+2.6% | $4.1M+1.5% | $4.0M+0.5% |
| Share Buybacks | $0-100.0% | $43K-39.4% | $50K-51.5% | $132K+50.0% | $180K+59.3% | $71K-91.3% | $103K-4.6% | $88K-16.2% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
EPM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 14.3%+8.0pp | -2.8%-9.8pp | 3.2%+6.2pp | -0.4%-8.9pp | 6.3%-5.0pp | 7.0%-2.0pp | -3.0%-10.4pp | 8.5%-0.5pp |
| Net Margin | 19.1%+2.9pp | -44.3%-34.6pp | 5.1%+14.1pp | 3.9%-5.6pp | 16.2%+10.3pp | -9.7%-10.9pp | -9.0%-14.1pp | 9.4%+2.3pp |
| Return on Equity | 7.6%+2.9pp | -15.3%-12.3pp | 1.6%+4.0pp | 1.2%-1.4pp | 4.8%+3.2pp | -3.0%-3.4pp | -2.4%-3.6pp | 2.6%+0.9pp |
| Return on Assets | 2.7%+0.6pp | -5.3%-3.9pp | 0.6%+1.8pp | 0.5%-0.8pp | 2.1%+1.4pp | -1.4%-1.6pp | -1.1%-2.0pp | 1.3%+0.2pp |
| Current Ratio | 0.92+0.1x | 0.61-0.3x | 0.90-0.7x | 0.70-1.0x | 0.81-0.6x | 0.88-0.6x | 1.64+0.2x | 1.690.0x |
| Debt-to-Equity | 1.79+0.6x | 1.91+0.7x | 1.51+0.4x | 1.45+0.5x | 1.23+0.2x | 1.18+0.2x | 1.10+0.7x | 0.98+0.6x |
| Asset Turnover | 0.140.0x | 0.120.0x | 0.120.0x | 0.130.0x | 0.130.0x | 0.140.0x | 0.130.0x | 0.140.0x |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.92), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Evolution Petroleum Corporation EPM | FY2026 | $86.3M | -$2.4M | -2.8% | $143.8M | 29/100 |
| Kolibri Global Energy Inc. KGEI | FY2025 | $57.4M | $15.5M | 27.0% | $221.4M | 28/100 |
| AleAnna, Inc. ANNA | FY2025 | $25.0M | $2.9M | 11.5% | $109.3M | 42/100 |
| Infinity Natural Resources, Inc. INR | FY2025 | $356.4M | $13.8M | 3.9% | $240.7M | 58/100 |
| Amplify Energy Corp. AMPY | FY2025 | $263.4M | $44.0M | 16.7% | $180.8M | 53/100 |
| Ring Energy Inc. REI | FY2025 | $307.2M | -$34.7M | -11.3% | $341.3M | 30/100 |
Where Evolution Petroleum Corporation Ranks
Frequently Asked Questions
What is Evolution Petroleum Corporation's annual revenue?
Evolution Petroleum Corporation (EPM) reported $86.3M in total revenue for fiscal year 2026. This represents a 0.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Evolution Petroleum Corporation's revenue growing?
Evolution Petroleum Corporation (EPM) revenue grew by 0.6% year-over-year, from $85.8M to $86.3M in fiscal year 2026.
Is Evolution Petroleum Corporation profitable?
No, Evolution Petroleum Corporation (EPM) reported a net income of -$2.4M in fiscal year 2026, with a net profit margin of -2.8%.
What is Evolution Petroleum Corporation's EBITDA?
Evolution Petroleum Corporation (EPM) had EBITDA of $26.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Evolution Petroleum Corporation's operating margin?
Evolution Petroleum Corporation (EPM) had an operating margin of 4.0% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Evolution Petroleum Corporation's net profit margin?
Evolution Petroleum Corporation (EPM) had a net profit margin of -2.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Evolution Petroleum Corporation's return on equity (ROE)?
Evolution Petroleum Corporation (EPM) has a return on equity of -4.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Evolution Petroleum Corporation's operating cash flow?
Evolution Petroleum Corporation (EPM) generated $23.5M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Evolution Petroleum Corporation's total assets?
Evolution Petroleum Corporation (EPM) had $168.7M in total assets as of fiscal year 2026, including both current and long-term assets.
What is Evolution Petroleum Corporation's current ratio?
Evolution Petroleum Corporation (EPM) had a current ratio of 0.92 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Evolution Petroleum Corporation's debt-to-equity ratio?
Evolution Petroleum Corporation (EPM) had a debt-to-equity ratio of 1.79 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Evolution Petroleum Corporation's return on assets (ROA)?
Evolution Petroleum Corporation (EPM) had a return on assets of -1.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Evolution Petroleum Corporation's P/E ratio?
Evolution Petroleum Corporation (EPM) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $143.8M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Evolution Petroleum Corporation's price-to-sales ratio?
Evolution Petroleum Corporation (EPM) trades at 1.7x sales, its market capitalization divided by revenue of $86.3M revenue, FY2026. The market capitalization is $143.8M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Evolution Petroleum Corporation's Altman Z-Score?
Evolution Petroleum Corporation (EPM) has an Altman Z-Score of 1.41, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Evolution Petroleum Corporation's Piotroski F-Score?
Evolution Petroleum Corporation (EPM) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Evolution Petroleum Corporation's earnings high quality?
Evolution Petroleum Corporation (EPM) reported a net loss of $2.4M while generating $23.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Evolution Petroleum Corporation cover its interest payments?
Evolution Petroleum Corporation (EPM) has an interest coverage ratio of 0.90x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Evolution Petroleum Corporation?
Evolution Petroleum Corporation (EPM) scores 29 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.