W&T Offshore, Inc. (WTI) Key Metrics
WTI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $573.6M
- Enterprise value
- $767.2M
- P/E (TTM)
- — 10-yr median 6.9
- Forward P/E
- 11.5
- PEG ratio
- 0.73
- Price / sales
- 1.0 10-yr median 0.9
- Price / book
- 62.0
- EV / EBITDA
- 5.9 10-yr median 4.9
- Dividend yield
- 1.05% $0.04 a year
- Beta
- 0.36
WTI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsWTI valuation Price multiples at each fiscal year-end price.
Price / sales+3.6%
0.5
2025 · hover or tap a bar for each year
20162025
EV / EBITDA+16.1%
5.2
2025 · hover or tap a bar for each year
20162025
Price / free cash flow
8.7
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+35.5 pts
11.5%
2025 · hover or tap a bar for each year
20162025
WTI returns How much profit the business earns on the capital it uses.
Return on invested capital−20.7 pts
−34.2%
2025 · hover or tap a bar for each year
20162025
Return on assets−6.7 pts
−14.6%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+16.7 pts
5.5%
2025 · hover or tap a bar for each year
20162025
Asset turnover+2.8%
0.49
2025 · hover or tap a bar for each year
20162025
WTI per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−5.2%
$3.38
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$1.01
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
$0.19
2025 · hover or tap a bar for each year
20162025
Book value per share
−$1.35
2025 · hover or tap a bar for each year
20162025
Dividends per share+1.0%
$0.04
2025 · hover or tap a bar for each year
20162025
Shares outstanding+0.7%
148.2M
2025 · hover or tap a bar for each year
20162025
WTI financial health Debt, liquidity and how easily interest is covered.
Net debt−$75.5M
$210.2M
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA+0.01
2.41
2025 · hover or tap a bar for each year
20162025
Current ratio+15.0%
1.02
2025 · hover or tap a bar for each year
20162025
Interest coverage
-1.4
2025 · hover or tap a bar for each year
20162025
Debt / assets+2.2%
0.37
2025 · hover or tap a bar for each year
20162025
WTI efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+8 days
63 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding+61 days
234 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle−49 days
-170 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue−12.6 pts
9.9%
2025 · hover or tap a bar for each year
20162025
Dividends + buybacks / FCF
21.6%
2025 · hover or tap a bar for each year
20162025
WTI valuation history
Fiscal year-endToday10-year median
WTI returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WTI debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WTI cash returned to shareholders
DividendsBuybacksFree cash flow
WTI price vs earnings per share
Share price at year-endEPS (right axis)
WTI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $241.6M | $244.2M | $483.5M | $809.6M | $459.5M | $307.3M | $781.6M | $572.7M | $455.5M | $264.9M |
| Enterprise value | $451.8M | $530.0M | $713.0M | $1.05B | $957.0M | $889.3M | $1.47B | $1.17B | $1.35B | $1.22B |
| P/E ratio | — | — | 31.0 | 3.5 | — | 8.1 | 10.6 | 2.3 | 5.7 | — |
| Price / sales | 0.5 | 0.5 | 0.9 | 0.9 | 0.8 | 0.9 | 1.5 | 1.0 | 0.9 | 0.7 |
| Price / book | — | — | 15.5 | 106.1 | — | — | — | — | — | — |
| Price / free cash flow | 8.7 | — | 14.1 | 3.3 | 4.6 | 3.5 | — | 2.9 | 16.0 | — |
| Price / operating cash flow | 3.1 | 4.1 | 4.2 | 2.4 | 3.4 | 2.8 | 3.4 | 1.8 | 2.9 | 18.7 |
| EV / sales | 0.9 | 1.0 | 1.3 | 1.1 | 1.7 | 2.6 | 2.8 | 2.0 | 2.8 | 3.0 |
| EV / EBITDA | 5.2 | 4.5 | 3.2 | 2.2 | 7.1 | 4.7 | 7.1 | 3.0 | 5.1 | 105.8 |
| EV / free cash flow | 16.3 | — | 20.8 | 4.3 | 9.5 | 10.2 | — | 5.9 | 47.4 | — |
| Earnings yield | −62.1% | −35.7% | 3.2% | 28.6% | −9.0% | 12.3% | 9.5% | 43.4% | 17.5% | −94.0% |
| Free cash flow yield | 11.5% | −24.0% | 7.1% | 30.4% | 22.0% | 28.4% | −12.0% | 34.7% | 6.2% | −13.0% |
| Dividend yield | 2.5% | 2.4% | 0.3% | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 2.5% | 2.4% | 0.3% | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $1.63 | $1.66 | $3.26 | $5.58 | $3.23 | $2.17 | $5.56 | $4.12 | $3.31 | $2.77 |
| Per share | ||||||||||
| Revenue per share | $3.38 | $3.57 | $3.59 | $6.35 | $3.92 | $2.45 | $3.80 | $4.18 | $3.54 | $4.18 |
| Earnings per share | −$1.01 | −$0.59 | $0.11 | $1.59 | −$0.29 | $0.27 | $0.53 | $1.79 | $0.58 | −$2.60 |
| Operating cash flow per share | $0.52 | $0.40 | $0.78 | $2.34 | $0.94 | $0.77 | $1.65 | $2.31 | $1.16 | $0.15 |
| Free cash flow per share | $0.19 | −$0.40 | $0.23 | $1.70 | $0.71 | $0.62 | −$0.67 | $1.43 | $0.21 | −$0.36 |
| Cash per share | $0.95 | $0.74 | $1.17 | $3.18 | $1.73 | $0.31 | $0.23 | $0.24 | $0.72 | $0.73 |
| Book value per share | −$1.35 | −$0.36 | $0.21 | $0.05 | −$1.74 | −$1.47 | −$1.77 | −$2.34 | −$4.17 | −$6.89 |
| Tangible book value per share | −$1.35 | −$0.36 | −$0.26 | $0.05 | −$1.74 | −$1.47 | −$1.77 | −$2.34 | −$4.17 | −$6.89 |
| Dividends per share | $0.04 | $0.04 | $0.01 | $0.00 | $0.00 | — | $0.00 | $0.00 | $0.00 | $0.00 |
| Capex per share | $0.33 | $0.80 | $0.55 | $0.64 | $0.23 | $0.15 | $2.32 | $0.88 | $0.95 | $0.51 |
| Debt per share | $2.37 | $2.68 | $2.72 | $4.86 | $5.22 | $4.42 | $5.14 | $4.56 | $7.21 | $10.67 |
| Shares outstanding | 148.2M | 147.1M | 148.3M | 145.1M | 142.3M | 141.6M | 140.6M | 139.0M | 137.6M | 95.6M |
| Change in shares outstanding | +0.7% | −0.8% | +2.2% | +2.0% | +0.5% | +0.7% | +1.1% | +1.0% | +43.9% | +26.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | 80.3% | — | — | — | — | — | — | — |
| Return on invested capital (ROIC) | −34.2% | −13.5% | 5.8% | 146.8% | 48.0% | 0.2% | 26.2% | 82.9% | 36.0% | −58.8% |
| Return on assets (ROA) | −14.6% | −7.9% | 1.2% | 17.6% | −3.9% | 3.9% | 8.0% | 28.3% | 9.2% | −24.4% |
| Return on tangible assets | −15.7% | −7.9% | 1.5% | 16.1% | −3.5% | 4.0% | 7.4% | 29.3% | 8.8% | −30.0% |
| Free cash flow margin | 5.5% | −11.2% | 6.4% | 26.7% | 18.1% | 25.2% | −17.5% | 34.2% | 5.8% | −8.6% |
| Income quality (OCF / net income) | — | — | 7.39 | 1.47 | — | 2.87 | 3.13 | 1.29 | 2.00 | — |
| Financial health | ||||||||||
| Total debt | $350.8M | $394.7M | $402.9M | $705.6M | $743.2M | $625.7M | $722.2M | $633.5M | $992.1M | $1.02B |
| Cash & short-term investments | $140.6M | $109.0M | $173.3M | $461.4M | $245.8M | $43.7M | $32.4M | $33.3M | $99.1M | $70.2M |
| Net debt | $210.2M | $285.7M | $229.5M | $244.2M | $497.4M | $582.0M | $689.8M | $600.2M | $893.0M | $950.5M |
| Debt / equity | — | — | 12.92 | 92.43 | — | — | — | — | — | — |
| Debt / assets | 0.37 | 0.36 | 0.36 | 0.49 | 0.62 | 0.67 | 0.72 | 0.75 | 1.09 | 1.23 |
| Net debt / EBITDA | 2.41 | 2.41 | 1.03 | 0.50 | 3.71 | 3.07 | 3.33 | 1.51 | 3.36 | 82.77 |
| Current ratio | 1.02 | 0.89 | 1.22 | 0.72 | 1.10 | 0.93 | 0.75 | 1.21 | 1.13 | 0.94 |
| Quick ratio | 1.02 | 0.85 | 1.28 | 0.71 | 1.09 | 0.93 | 0.75 | 1.21 | 1.13 | 0.94 |
| Interest coverage | -1.4 | -1.0 | 0.7 | 6.5 | 2.7 | 0.0 | 2.0 | 5.1 | 2.4 | -3.6 |
| Working capital | $5.0M | −$27.6M | $48.1M | −$222.1M | $33.9M | −$7.8M | −$48.2M | $39.9M | $22.4M | −$11.3M |
| Invested capital | $10.4M | $233.2M | $260.7M | $251.9M | $250.3M | $373.7M | $440.5M | $275.4M | $319.5M | $291.5M |
| Tangible asset value | −$199.8M | −$52.6M | −$38.6M | $7.6M | −$247.2M | −$208.3M | −$249.4M | −$324.8M | −$573.5M | −$659.0M |
| Net current asset value | −$916.3M | −$933.0M | −$817.8M | −$853.9M | −$1.08B | −$1.04B | −$1.11B | −$947.4M | −$1.29B | −$1.30B |
| Graham number | — | — | $0.71 | $1.37 | — | — | — | — | — | — |
| Graham net-net per share | −$6.42 | −$6.60 | −$5.82 | −$6.21 | −$8.04 | −$7.54 | −$8.26 | −$7.58 | −$9.62 | −$13.99 |
| Capital allocation | ||||||||||
| Dividends paid | $6.0M | $5.9M | $1.5M | $0 | $0 | — | $0 | $0 | $0 | $0 |
| Share buybacks (net) | — | — | — | $0 | — | — | — | — | $0 | $0 |
| Dividend payout ratio | — | — | 9.4% | 0.0% | — | — | 0.0% | 0.0% | 0.0% | — |
| Dividends + buybacks / free cash flow | 21.6% | — | 4.3% | 0.0% | 0.0% | — | — | 0.0% | 0.0% | — |
| Capex / revenue | 9.9% | 22.5% | 15.2% | 10.1% | 5.9% | 6.1% | 60.9% | 21.2% | 26.9% | 12.2% |
| Capex / operating cash flow | 64.1% | 198.5% | 70.3% | 27.4% | 24.5% | 19.4% | 140.3% | 38.2% | 82.2% | 343.5% |
| Capex / depreciation | 0.33 | 0.67 | 0.56 | 0.70 | 0.29 | 0.18 | 2.19 | 0.82 | 0.84 | 0.23 |
| Stock-based compensation / revenue | 2.4% | 1.9% | 1.9% | 0.9% | 0.6% | 1.1% | 0.7% | 0.6% | 1.5% | 2.8% |
| SG&A / revenue | 75.5% | 69.3% | 63.0% | 32.4% | 40.7% | 59.0% | 44.8% | 14.5% | 16.5% | 20.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 63.3 | 55.3 | 51.4 | 28.7 | 37.4 | 67.5 | 66.6 | 61.2 | 69.4 | 74.8 |
| Days of inventory on hand | — | -3.4 | -9.4 | 11.3 | 6.8 | 0.0 | — | 0.0 | 0.0 | — |
| Days payables outstanding | 233.7 | 173.2 | 186.5 | 170.1 | 167.5 | 220.8 | 213.7 | 169.6 | 164.9 | 147.3 |
| Cash conversion cycle (days) | -170.4 | -121.3 | -144.6 | -130.0 | -123.3 | -153.3 | -147.1 | -108.4 | -95.5 | -72.5 |
| Receivables turnover | 5.76 | 6.60 | 7.11 | 12.72 | 9.76 | 5.40 | 5.48 | 5.96 | 5.26 | 4.88 |
| Payables turnover | 1.56 | 2.11 | 1.96 | 2.15 | 2.18 | 1.65 | 1.71 | 2.15 | 2.21 | 2.48 |
| Inventory turnover | — | — | — | 32.21 | 53.63 | 118,710,000.00 | — | 174,068,000.00 | 355,726,000.00 | — |
| Asset turnover | 0.49 | 0.47 | 0.42 | 0.70 | 0.52 | 0.36 | 0.58 | 0.66 | 0.56 | 0.39 |
| Average receivables | $87.0M | $79.6M | $75.0M | $72.4M | $57.2M | $64.1M | $97.6M | $97.4M | $92.6M | $82.0M |
| Average payables | $91.0M | $81.2M | $72.0M | $66.3M | $54.4M | $71.8M | $92.2M | $80.9M | $80.4M | $95.4M |
| Average inventory | — | −$1.6M | −$3.6M | $4.4M | $2.2M | $1 | — | $1 | $0 | $0 |
| Intangibles / total assets | 0.0% | 0.0% | 6.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from WTI's annual financial statements (latest annual report filed March 16, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
WTI valuation and financial ratios
W&T Offshore earned a return on invested capital of −34.2% in fiscal 2025. It ended the year with $350.8 million of debt and $140.6 million in cash and short-term investments, net debt of $210.2 million. It returned $6.0 million to shareholders: $6.0 million in dividends and $0 in share buybacks, 22% of free cash flow. The share count rose 55.0% from 95.6M to 148.2M over 9 years.
See the WTI income statement, the WTI chart for price history, or the WTI stock overview for the latest quote and news.
WTI key metrics FAQ
What is W&T Offshore's EV/EBITDA?
W&T Offshore's enterprise value was 5.2 times EBITDA at the end of fiscal 2025 (enterprise value $451.8 million, EBITDA $87.1 million); the current EV/EBITDA is 5.9.
What is W&T Offshore's ROIC?
W&T Offshore's return on invested capital was −34.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does W&T Offshore have?
W&T Offshore had total debt of $350.8 million at the end of fiscal 2025 and $210.2 million of net debt (2.41 times EBITDA).
What is W&T Offshore's dividend yield?
W&T Offshore's forward dividend yield is 1.05%. W&T Offshore paid $6.0 million in dividends in fiscal 2025 ($0.04 per share), a payout ratio of —.
What is W&T Offshore's free cash flow yield?
W&T Offshore generated $27.8 million of free cash flow in fiscal 2025, a free cash flow yield of 11.5% on its market value at year-end ($241.6 million).
What is W&T Offshore's current ratio?
W&T Offshore's current ratio was 1.02 at the end of fiscal 2025: current assets were 1.02 times current liabilities.