VOC
VOC Energy Trust
NYSE: VOC · ENERGY · OIL & GAS E&P
$3.11
-4.03% today
Updated 2026-06-05
Market cap
$49.38M
P/E ratio
6.60
P/S ratio
5.94x
EPS (TTM)
$0.44
Dividend yield
15.00%
52W range
$2 – $4
Volume
0.1M
VOC Energy Trust (VOC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.20M | $25.75M | $38.63M | $24.85M | $38.11M | $29.27M | $32.28M | $8.63M | $5.75M | $9.21M | $12.94M | $12.66M | $5.01M | $9.30M | $23.59M | $16.46M | $13.62M | $8.62M |
| Revenue growth (YoY) | — | -20.0% | +50.0% | -35.7% | +53.4% | -23.2% | +10.3% | -73.3% | -33.4% | +60.2% | +40.5% | -2.1% | -60.5% | +85.8% | +153.6% | -30.2% | -17.2% | -36.7% |
| Cost of revenue | $10.20M | $8.43M | $10.04M | $297147.00 | $2577.00 | $4516.00 | $4622.00 | $-2744.00 | $-155.00 | $-977.00 | $-1297.00 | — | — | — | — | — | $315376.00 | $281962.00 |
| Gross profit | $22.00M | $17.32M | $28.59M | $24.56M | $38.11M | $29.27M | $32.28M | $8.63M | $5.75M | $9.21M | $12.94M | $12.66M | $5.01M | $9.30M | $23.59M | $16.46M | $13.62M | $8.34M |
| Gross margin | 68.3% | 67.2% | 74.0% | 98.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 96.7% |
| R&D | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | — | — | $205000.00 | $420000.00 | $706124.00 | $737846.00 | $870793.00 | $800818.00 | $917743.00 | $716143.00 | $825058.00 | $880832.00 | $904355.00 | $948096.00 | $957377.00 | $1.25M | $897342.00 | $10.77B |
| Operating income | $12.84M | $10.86M | $20.91M | $24.14M | $37.23M | $28.56M | $31.45M | $7.99M | $4.84M | $8.41M | $12.07M | $11.81M | $3.83M | $8.67M | $21.68M | $15.21M | $12.41M | $7.39M |
| Operating margin | 39.9% | 42.2% | 54.1% | 97.1% | 97.7% | 97.6% | 97.4% | 92.6% | 84.3% | 91.4% | 93.3% | 93.3% | 76.4% | 93.2% | 91.9% | 92.4% | 91.1% | 85.8% |
| EBITDA | $18.62M | $16.07M | $27.16M | $24.14M | $37.23M | $28.56M | $31.45M | $7.99M | $4.85M | $8.42M | $12.07M | $11.81M | $3.83M | $8.67M | $21.68M | $15.21M | $12.41M | $7.39M |
| EBITDA margin | 57.8% | 62.4% | 70.3% | 97.1% | 97.7% | 97.6% | 97.4% | 92.6% | 84.4% | 91.4% | 93.3% | 93.3% | 76.4% | 93.2% | 91.9% | 92.4% | 91.1% | 85.8% |
| EBIT | $12.84M | $10.86M | $20.91M | $24.14M | $37.23M | $28.56M | $31.45M | $7.99M | $4.84M | $8.41M | $12.07M | $11.81M | $3.83M | $8.67M | $21.68M | $15.21M | — | — |
| Interest expense | $1.38M | $1.50M | $1.22M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $12.84M | $10.86M | $20.91M | $24.14M | $37.23M | $28.56M | $31.45M | $7.99M | $4.84M | $8.41M | $12.07M | $11.81M | $3.83M | $8.67M | $21.68M | $15.21M | $12.41M | $7.39M |
| Net income growth (YoY) | — | -15.4% | +92.5% | +15.4% | +54.2% | -23.3% | +10.1% | -74.6% | -39.4% | +73.7% | +43.4% | -2.1% | -67.6% | +126.7% | +150.0% | -29.8% | -18.4% | -40.4% |
| Profit margin | 39.9% | 42.2% | 54.1% | 97.1% | 97.7% | 97.6% | 97.4% | 92.6% | 84.3% | 91.4% | 93.3% | 93.3% | 76.4% | 93.2% | 91.9% | 92.4% | 91.1% | 85.8% |
Frequently asked questions
What is VOC Energy Trust's revenue?
VOC Energy Trust's trailing twelve-month revenue is $8.31M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is VOC?
In its most recent fiscal year, VOC ran a gross margin of 96.73%, an operating margin of 85.79%, and a net margin of 85.79%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
Is VOC's balance sheet healthy?
VOC holds $2.03M in cash and equivalents against — in long-term debt, on $10.40M of shareholder equity. That debt is best read against the cash flow the business throws off each year.