Sitio Royalties Corp. (STR) Financials
Newest figures come from the 10-Q for Q2 FY2025, filed Aug 4, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the STR SEC filings page.
Sitio Royalties Corp. (STR) reported $613.6M in revenue over the twelve months to Jun 30, 2025, down 2.0% from the prior twelve months. This page shows its 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).
The business turned modest revenue growth into a sharp profit rebound, but heavier debt and weaker liquidity reduced financial flexibility.
Operating cash flow was 11.3x net income in FY2024 because$320M of depreciation and amortization made reported earnings much smaller than cash generation. That cash flow was slightly below FY2023’s$488M even as net income moved from a net loss to profit, so earnings rebounded more dramatically than underlying cash generation.
Revenue changed little in FY2024, while operating margin rose to
Debt-to-equity rose from 0.2x in FY2023 to 0.3x in FY2024, making the funding mix more leveraged. The current ratio fell from 4.8x to 2.8x while operating cash flow remained positive, indicating a still-liquid balance sheet with less excess short-term coverage than a year earlier.
Financial Health Signals
Scored against energy companies for FY2024. 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 Sitio Royalties Corp.'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.
Sitio Royalties Corp. 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 74/100, reflecting efficient cost management and pricing power. This is up from 6.0% the prior year.
Sitio Royalties Corp.'s revenue grew 5.2% year-over-year to $624.4M, a solid pace of expansion. This earns a growth score of 89/100.
Sitio Royalties Corp. has a moderate D/E ratio of 0.32. This balance of debt and equity financing earns a leverage score of 30/100.
With a current ratio of 2.82, Sitio Royalties Corp. holds $2.82 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 83/100.
Not available for Sitio Royalties Corp., and counted as zero in the overall score.
Sitio Royalties Corp.'s ROE of 1.2% shows moderate profitability relative to equity, earning a score of 39/100. This is up from -0.4% the prior year.
Sitio Royalties Corp. scores 1.44, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.7B) relative to total liabilities ($1.4B). 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.
Sitio Royalties Corp. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 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 Corp. 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.
Sitio Royalties Corp. earns $2.38 in operating income for every $1 of interest expense ($203.0M vs $85.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Sitio Royalties Corp. generated $145.7M in revenue in Q2 2025. This represents a decrease of 13.6% from the same quarter a year earlier. Against the prior quarter it is down 10.9%.
Sitio Royalties Corp.'s EBITDA was $113.1M in Q2 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 20.7% from the same quarter a year earlier. Against the prior quarter it is down 16.1%.
Sitio Royalties Corp. reported $7.3M in net income in Q2 2025. This represents a decrease of 43.4% from the same quarter a year earlier. Against the prior quarter it is down 29.2%.
Sitio Royalties Corp. earned $0.08 per diluted share (EPS) in Q2 2025. This represents a decrease of 46.7% from the same quarter a year earlier. Against the prior quarter it is down 38.5%.
Cash & Balance Sheet
Sitio Royalties Corp. held $383K in cash against $1.1B in long-term debt as of Q2 2025.
Not reported for Q2 2025.
Not reported for Q2 2025.
Margins & Returns
Sitio Royalties Corp.'s operating margin was 25.5% in Q2 2025, reflecting core business profitability. This is down 8.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.5 percentage points.
Sitio Royalties Corp.'s net profit margin was 5.0% in Q2 2025, showing the share of revenue converted to profit. This is down 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.3 percentage points.
Sitio Royalties Corp.'s ROE was 0.2% in Q2 2025, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.
Not reported for Q2 2025.
Capital Allocation
None of these metrics is reported for Q2 2025.
STR 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 | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $145.7M-13.6% | $163.5M+8.0% | $155.1M+3.8% | $149.4M-4.7% | $168.5M+23.5% | $151.4M+0.4% | $149.4M+49.4% | $156.7M+35.7% |
| SG&A Expenses | $20.1M+49.4% | $15.8M+21.1% | $13.9M+17.3% | $14.4M+19.4% | $13.5M-4.3% | $13.0M+11.4% | $11.8M-34.9% | $12.0M-10.0% |
| Operating Income | $37.2M-34.9% | $57.3M+14.5% | $49.1M+154.8% | $46.7M-9.9% | $57.2M+368.6% | $50.0M-17.9% | -$89.6M-342.0% | $51.8M-17.6% |
| EBITDA | $113.1M-20.7% | $134.8M+6.7% | $129.5M+717.7% | $124.8M-5.8% | $142.7M+65.0% | $126.4M-1.8% | -$21.0M-128.2% | $132.5M+39.7% |
| Interest Expense | $23.0M+1.6% | $23.3M+25.7% | $21.5M-0.7% | $22.5M-14.6% | $22.7M-2.0% | $18.5M-16.6% | $21.7M+24.6% | $26.4M+76.0% |
| Income Tax | $415K-91.4% | $6.8M+145.4% | $6.2M+129.3% | $4.1M+973.4% | $4.8M+808.3% | $2.8M-61.2% | -$21.2M-4547.1% | $383K-85.0% |
| Net Income | $7.3M-43.4% | $10.3M+21.2% | $7.1M+118.7% | $12.6M+4277.4% | $12.9M+1714.8% | $8.5M-62.6% | -$37.7M+1.2% | $287K-96.9% |
| EPS (Basic) | $0.08-50.0% | $0.13+30.0% | $0.08+117.4% | $0.15 | $0.16+1700.0% | $0.10-64.3% | -$0.46-411.1% | $0.00-100.0% |
| EPS (Diluted) | $0.08-46.7% | $0.13+30.0% | $0.08+117.4% | $0.15 | $0.15+1600.0% | $0.10-64.3% | -$0.46 | $0.00-100.0% |
| Diluted Shares (Avg) | 78M-3.8% | 79M-4.7% | N/A | 80M-49.0% | 81M-0.2% | 82M+2.8% | N/A | 157M+1138.0% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
STR 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 | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.6B-3.3% | $4.7B+0.1% | $4.7B-0.3% | $4.7B-8.5% | $4.8B-6.3% | $4.7B-9.0% | $4.8B-8.0% | $5.1B |
| Current Assets | $134.6M-12.1% | $135.2M-2.7% | $135.2M-12.2% | $144.2M+4.0% | $153.2M-7.3% | $138.9M-20.4% | $154.0M-19.9% | $138.7M |
| Cash & Equivalents | $383K-97.7% | $1.7M-85.2% | $3.3M-78.3% | $8.5M+535.3% | $16.3M+4597.7% | $11.7M+15.6% | $15.2M-19.3% | $1.3M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | N/A | N/A | $1.5M-39.4% | N/A | N/A | N/A | $2.5M-95.9% | $1.1M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.4B+2.2% | $1.4B+19.6% | $1.4B+19.2% | $1.3B-4.0% | $1.3B+6.1% | $1.2B-11.1% | $1.2B-9.4% | $1.4B |
| Current Liabilities | $33.3M+16.3% | $57.6M+39.7% | $48.0M+51.2% | $58.0M+148.9% | $28.7M+53.7% | $41.2M+56.4% | $31.8M+20.3% | $23.3M |
| Non-Current Liabilities | $1.3B+1.9% | $1.3B+18.8% | $1.3B+18.3% | $1.2B-6.6% | $1.3B+5.4% | $1.1B-12.5% | $1.1B-10.0% | $1.3B |
| Long-Term Debt | $1.1B+2.9% | $1.1B+26.9% | $1.1B+24.6% | $992.9M-0.4% | $1.0B+17.4% | $848.8M-6.2% | $865.3M-7.8% | $996.5M |
| Total Equity | $3.2B-5.5% | $3.3B-6.3% | $3.4B-6.6% | $3.4B-10.2% | $3.4B-10.4% | $3.5B-8.2% | $3.6B-7.5% | $3.8B+1602.0% |
| Retained Earnings | -$129.2M+22.3% | -$136.5M+23.9% | -$146.8M+21.8% | -$153.9M-40.4% | -$166.4M-116.2% | -$179.3M-411.4% | -$187.7M-1940.0% | -$109.6M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
STR 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 | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $85.5M-12.1% | $103.5M-14.3% | $105.7M-20.3% | $138.7M+13.5% | $97.3M-6.3% | $120.7M-6.3% | $132.7M+2269.8% | $122.1M+47.8% |
| Depreciation & Amortization | $75.9M-11.2% | $77.5M+1.5% | $80.4M+17.2% | $78.1M-3.2% | $85.5M+15.1% | $76.3M+12.6% | $68.6M+84.4% | $80.7M+152.2% |
| Stock-Based Compensation | $7.5M+20.3% | $7.0M+36.6% | N/A | $6.3M+43.1% | $6.2M+14.4% | $5.1M+9.0% | N/A | $4.4M+10.1% |
| Investing Cash Flow | -$5.7M+96.5% | -$16.9M-27.4% | -$138.8M-223.5% | -$13.5M+91.6% | -$164.4M-1123.4% | -$13.3M-1241.9% | $112.4M+874.8% | -$159.8M+10.7% |
| Financing Cash Flow | -$81.1M-213.1% | -$88.1M+20.5% | $27.9M+112.1% | -$133.0M-444.1% | $71.7M+171.5% | -$110.9M+20.0% | -$231.2M-9012.5% | $38.7M-57.8% |
| Dividends Paid | $27.1M-18.0% | $32.0M-23.8% | $22.2M-45.1% | $24.1M-26.4% | $33.1M-18.8% | $42.0M-12.8% | $40.4M-16.0% | $32.7M+257.5% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
STR 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 | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 25.5%-8.4pp | 35.0%+2.0pp | 31.6%+91.6pp | 31.3%-1.8pp | 33.9%+25.0pp | 33.1%-7.4pp | -60.0%-97.0pp | 33.1%-21.4pp |
| Net Margin | 5.0%-2.6pp | 6.3%+0.7pp | 4.5%+29.8pp | 8.4%+8.2pp | 7.6%+8.2pp | 5.6%-9.4pp | -25.2%+12.9pp | 0.2%-7.7pp |
| Return on Equity | 0.2%-0.1pp | 0.3%+0.1pp | 0.2%+1.3pp | 0.4%+0.4pp | 0.4%+0.4pp | 0.2%-0.4pp | -1.0%-0.1pp | 0.0%-4.1pp |
| Return on Assets | 0.2%-0.1pp | 0.2%0.0pp | 0.1%+0.9pp | 0.3%+0.3pp | 0.3%+0.3pp | 0.2%-0.3pp | -0.8%-0.1pp | 0.0% |
| Current Ratio | 4.04-1.3x | 2.35-1.0x | 2.82-2.0x | 2.49-3.5x | 5.34-3.5x | 3.37-3.3x | 4.85-2.4x | 5.96 |
| Debt-to-Equity | 0.330.0x | 0.33+0.1x | 0.32+0.1x | 0.290.0x | 0.31+0.1x | 0.240.0x | 0.240.0x | 0.26 |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.040.0x | 0.030.0x | 0.030.0x | 0.03 |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
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 |
|---|---|---|---|---|---|---|
| Sitio Royalties Corp. STR | FY2024 | $624.4M | $40.9M | 6.6% | $2.7B | 53/100 |
| Northern Oil and Gas, Inc. NOG | FY2025 | $2.5B | $38.8M | 1.6% | $2.6B | 48/100 |
| Black Stone Minerals, L.P. BSM | FY2025 | $469.9M | $299.9M | 63.8% | $3.2B | 61/100 |
| Gulfport Energy Corporation GPOR | FY2025 | $1.4B | $428.0M | 30.1% | $2.9B | 36/100 |
| SM Energy Company SM | FY2025 | $3.2B | $648.0M | 20.5% | $8.8B | 50/100 |
| Civitas Resources, Inc. CIVI | FY2024 | $5.2B | $838.7M | 16.1% | $2.3B | 24/100 |
Where Sitio Royalties Corp. Ranks
Frequently Asked Questions
What is Sitio Royalties Corp.'s annual revenue?
Sitio Royalties Corp. (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 Corp.'s revenue growing?
Sitio Royalties Corp. (STR) revenue grew by 5.2% year-over-year, from $593.4M to $624.4M in fiscal year 2024.
Is Sitio Royalties Corp. profitable?
Yes, Sitio Royalties Corp. (STR) reported a net income of $40.9M in fiscal year 2024, with a net profit margin of 6.6%.
What is Sitio Royalties Corp.'s EBITDA?
Sitio Royalties Corp. (STR) had EBITDA of $523.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Sitio Royalties Corp. have?
As of fiscal year 2024, Sitio Royalties Corp. (STR) had $3.3M in cash and equivalents against $1.1B in long-term debt.
What is Sitio Royalties Corp.'s operating margin?
Sitio Royalties Corp. (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 Corp.'s net profit margin?
Sitio Royalties Corp. (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 Corp.'s return on equity (ROE)?
Sitio Royalties Corp. (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 Corp.'s operating cash flow?
Sitio Royalties Corp. (STR) generated $462.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Sitio Royalties Corp.'s total assets?
Sitio Royalties Corp. (STR) had $4.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What is Sitio Royalties Corp.'s current ratio?
Sitio Royalties Corp. (STR) had a current ratio of 2.82 as of fiscal year 2024, which is generally considered healthy.
What is Sitio Royalties Corp.'s debt-to-equity ratio?
Sitio Royalties Corp. (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 Corp.'s return on assets (ROA)?
Sitio Royalties Corp. (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 Corp.'s Altman Z-Score?
Sitio Royalties Corp. (STR) has an Altman Z-Score of 1.44, 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 Corp.'s Piotroski F-Score?
Sitio Royalties Corp. (STR) has a Piotroski F-Score of 5 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 Sitio Royalties Corp.'s earnings high quality?
Sitio Royalties Corp. (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.
Can Sitio Royalties Corp. cover its interest payments?
Sitio Royalties Corp. (STR) has an interest coverage ratio of 2.38x, meaning it can adequately 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 Sitio Royalties Corp.?
Sitio Royalties Corp. (STR) scores 53 out of 100 on our Financial Health Score, indicating moderate 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.