Sitio Royalties Financials
This page shows Sitio Royalties (STR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Sitio Royalties has an operating margin of 32.5%, meaning the company retains $33 of operating profit per $100 of revenue. This strong profitability earns a score of 94/100, reflecting efficient cost management and pricing power. This is up from 6.0% the prior year.
Sitio Royalties's revenue grew 5.2% year-over-year to $624.4M, a solid pace of expansion. This earns a growth score of 42/100.
Sitio Royalties carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
Sitio Royalties's current ratio of 2.82 indicates adequate short-term liquidity, earning a score of 54/100. The company can meet its near-term obligations, though with limited headroom.
Sitio Royalties generates a 1.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 14/100. This is up from -0.4% the prior year.
Sitio Royalties scores 0.86, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.4B) relative to total liabilities ($1.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Sitio Royalties passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Sitio Royalties generates $11.29 in operating cash flow ($462.4M OCF vs $40.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Sitio Royalties generated $624.4M in revenue in fiscal year 2024. This represents an increase of 5.2% from the prior year.
Sitio Royalties's EBITDA was $523.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 60.2% from the prior year.
Sitio Royalties reported $40.9M in net income in fiscal year 2024. This represents an increase of 363.6% from the prior year.
Sitio Royalties earned $0.49 per diluted share (EPS) in fiscal year 2024. This represents an increase of 345.0% from the prior year.
Cash & Balance Sheet
Sitio Royalties held $3.3M in cash against $1.1B in long-term debt as of fiscal year 2024.
Margins & Returns
Sitio Royalties's operating margin was 32.5% in fiscal year 2024, reflecting core business profitability. This is up 26.6 percentage points from the prior year.
Sitio Royalties's net profit margin was 6.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 9.2 percentage points from the prior year.
Sitio Royalties's ROE was 1.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the prior year.
Capital Allocation
STR Income Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $145.7M-10.9% | $163.5M+5.4% | $155.1M+3.8% | $149.4M-11.4% | $168.5M+11.3% | $151.4M+1.4% | $149.4M-4.7% | $156.7M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $20.1M+27.5% | $15.8M+13.6% | $13.9M-3.5% | $14.4M+6.9% | $13.5M+3.4% | $13.0M+9.9% | $11.8M-1.7% | $12.0M |
| Operating Income | $37.2M-35.1% | $57.3M+16.7% | $49.1M+5.1% | $46.7M-18.3% | $57.2M+14.3% | $50.0M+155.9% | -$89.6M-272.8% | $51.8M |
| Interest Expense | N/A | N/A | N/A | N/A | $22.7M+22.6% | $18.5M-14.6% | $21.7M-17.8% | $26.4M |
| Income Tax | $415K-93.9% | $6.8M+10.1% | $6.2M+50.9% | $4.1M-15.0% | $4.8M+73.8% | $2.8M+113.2% | -$21.2M-5626.9% | $383K |
| Net Income | $7.3M-29.2% | $10.3M+45.4% | $7.1M-43.8% | $12.6M-2.3% | $12.9M+51.8% | $8.5M+122.5% | -$37.7M-13228.9% | $287K |
| EPS (Diluted) | $0.08-38.5% | $0.13 | N/A | $0.150.0% | $0.15+50.0% | $0.10 | N/A | $0.00 |
STR Balance Sheet
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.6B-1.5% | $4.7B-1.3% | $4.7B+1.1% | $4.7B-1.6% | $4.8B+1.9% | $4.7B-1.7% | $4.8B-7.3% | $5.1B |
| Current Assets | $134.6M-0.4% | $135.2M0.0% | $135.2M-6.2% | $144.2M-5.8% | $153.2M+10.2% | $138.9M-9.8% | $154.0M+11.0% | $138.7M |
| Cash & Equivalents | $383K-78.0% | $1.7M-47.1% | $3.3M-61.3% | $8.5M-48.0% | $16.3M+39.2% | $11.7M-22.7% | $15.2M+1034.8% | $1.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | $1.5M | N/A | N/A | N/A | $2.5M+137.5% | $1.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.4B-0.8% | $1.4B-0.7% | $1.4B+6.3% | $1.3B-2.4% | $1.3B+16.0% | $1.2B-1.0% | $1.2B-14.3% | $1.4B |
| Current Liabilities | $33.3M-42.1% | $57.6M+19.9% | $48.0M-17.1% | $58.0M+102.1% | $28.7M-30.4% | $41.2M+29.7% | $31.8M+36.4% | $23.3M |
| Long-Term Debt | $1.1B+0.2% | $1.1B-0.1% | $1.1B+8.6% | $992.9M-5.4% | $1.0B+23.6% | $848.8M-1.9% | $865.3M-13.2% | $996.5M |
| Total Equity | $3.2B-1.8% | $3.3B-1.6% | $3.4B-0.9% | $3.4B-1.2% | $3.4B-2.6% | $3.5B-2.0% | $3.6B-4.7% | $3.8B |
| Retained Earnings | -$129.2M+5.3% | -$136.5M+7.0% | -$146.8M+4.6% | -$153.9M+7.5% | -$166.4M+7.2% | -$179.3M+4.5% | -$187.7M-71.3% | -$109.6M |
STR Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $85.5M-17.4% | $103.5M-2.1% | $105.7M-23.8% | $138.7M+42.5% | $97.3M-19.4% | $120.7M-9.0% | $132.7M+8.6% | $122.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$5.7M+66.0% | -$16.9M+87.8% | -$138.8M-928.8% | -$13.5M+91.8% | -$164.4M-1140.0% | -$13.3M-111.8% | $112.4M+170.3% | -$159.8M |
| Financing Cash Flow | -$81.1M+8.0% | -$88.1M-416.0% | $27.9M+121.0% | -$133.0M-285.6% | $71.7M+164.6% | -$110.9M+52.0% | -$231.2M-698.0% | $38.7M |
| Dividends Paid | $27.1M-15.2% | $32.0M+44.1% | $22.2M-7.8% | $24.1M-27.2% | $33.1M-21.2% | $42.0M+3.8% | $40.4M+23.5% | $32.7M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
STR Financial Ratios
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 25.5%-9.5pp | 35.0%+3.4pp | 31.6%+0.4pp | 31.3%-2.7pp | 33.9%+0.9pp | 33.1%+93.0pp | -60.0%-93.0pp | 33.1% |
| Net Margin | 5.0%-1.3pp | 6.3%+1.7pp | 4.5%-3.9pp | 8.4%+0.8pp | 7.6%+2.0pp | 5.6%+30.8pp | -25.2%-25.4pp | 0.2% |
| Return on Equity | 0.2%-0.1pp | 0.3%+0.1pp | 0.2%-0.2pp | 0.4%0.0pp | 0.4%+0.1pp | 0.2%+1.3pp | -1.1%-1.1pp | 0.0% |
| Return on Assets | 0.2%-0.1pp | 0.2%+0.1pp | 0.1%-0.1pp | 0.3%0.0pp | 0.3%+0.1pp | 0.2%+1.0pp | -0.8%-0.8pp | 0.0% |
| Current Ratio | 4.04+1.7 | 2.35-0.5 | 2.82+0.3 | 2.49-2.9 | 5.34+2.0 | 3.37-1.5 | 4.85-1.1 | 5.96 |
| Debt-to-Equity | 0.330.0 | 0.330.0 | 0.32+0.0 | 0.29-0.0 | 0.31+0.1 | 0.240.0 | 0.24-0.0 | 0.26 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Sitio Royalties's annual revenue?
Sitio Royalties (STR) reported $624.4M in total revenue for fiscal year 2024. This represents a 5.2% 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 Sitio Royalties's revenue growing?
Sitio Royalties (STR) revenue grew by 5.2% year-over-year, from $593.4M to $624.4M in fiscal year 2024.
Is Sitio Royalties profitable?
Yes, Sitio Royalties (STR) reported a net income of $40.9M in fiscal year 2024, with a net profit margin of 6.6%.
What is Sitio Royalties's EBITDA?
Sitio Royalties (STR) had EBITDA of $523.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Sitio Royalties have?
As of fiscal year 2024, Sitio Royalties (STR) had $3.3M in cash and equivalents against $1.1B in long-term debt.
What is Sitio Royalties's operating margin?
Sitio Royalties (STR) had an operating margin of 32.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Sitio Royalties's net profit margin?
Sitio Royalties (STR) had a net profit margin of 6.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Sitio Royalties's return on equity (ROE)?
Sitio Royalties (STR) has a return on equity of 1.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Sitio Royalties's operating cash flow?
Sitio Royalties (STR) generated $462.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Sitio Royalties's total assets?
Sitio Royalties (STR) had $4.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What is Sitio Royalties's current ratio?
Sitio Royalties (STR) had a current ratio of 2.82 as of fiscal year 2024, which is generally considered healthy.
What is Sitio Royalties's debt-to-equity ratio?
Sitio Royalties (STR) had a debt-to-equity ratio of 0.32 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sitio Royalties's return on assets (ROA)?
Sitio Royalties (STR) had a return on assets of 0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Sitio Royalties's Altman Z-Score?
Sitio Royalties (STR) has an Altman Z-Score of 0.86, 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 Sitio Royalties's Piotroski F-Score?
Sitio Royalties (STR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sitio Royalties's earnings high quality?
Sitio Royalties (STR) has an earnings quality ratio of 11.29x, considered cash-backed (high quality). 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.
How financially healthy is Sitio Royalties?
Sitio Royalties (STR) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.