Vertex Energy Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Vertex Energy Inc (VTNR) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Vertex Energy Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 3,163M vs 17,696M combined for tracked competitors (15.2% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-6.3% annualized vs trailing 12 months), vs accelerating (+2.0%) for its tracked peer group.
- Growth: Vertex Energy Inc generated 1.9% revenue growth year over year in Q2 2024, vs 5.8% for its tracked competitors combined.
- Profitability: Its -7.3% net margin compares with 7.0% for the peer group.
- Peer revenue share: Vertex Energy Inc accounted for 14.1% of combined revenue among its tracked peer group, down from 14.6% a year earlier.
- Peer differentiation: Revenue per employee of $15.66M compares with $0.42M for the peer group (37.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
VTNR Sales vs. its Competitors, Q2 2024
Vertex Energy Inc reported revenue growth of 1.87 % year on year in Q2 2024, below its competitors' combined revenue growth of 5.82 %.
With a net margin of -7.26 %, Vertex Energy Inc reported lower profitability than its competitors (6.98 %).
Vertex Energy Inc generated 14.11 % of the combined sales of its peer group, down from 14.57 % a year earlier.
Vertex Energy Inc vs. its Competitors, Q2 2024
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Vertex Energy Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Vertex Energy Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Vertex Energy Inc's competitor groups requires a Commercial License.
For context: the Oil & Gas Integrated Operations industry grew revenue 22.6% year over year, combined, vs 1.9% for Vertex Energy Inc. Vertex Energy Inc's share of combined industry revenue moved from 0.07% to 0.06%, a loss of 0.01 percentage points.
Vertex Energy Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Vertex Energy Inc | No | Yes | No | Yes |
| Competitors combined (7) | ||||
| High-Confidence Competitors (1) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 75.00 % (6 of 8) | 50.00 % (4 of 8) | 16.70 % (1 of 6) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
VTNR Stock Performance relative to its Competitors
VTNR Stock Performance relative to High-Confidence Competitors
VTNR Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Ringcentral Inc | 282.9% | Outperformed |
| 2 | Clean Harbors inc | 282.9% | Outperformed |
| 3 | Bioage Labs Inc | 282.9% | Outperformed |
| 4 | Eastman Chemical Co | 282.9% | Outperformed |
| 5 | Gevo inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Vertex Energy Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Vertex Energy Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Vertex Energy Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Vertex Energy Inc | 4.87 | 3,163.11 |
| Clean Harbors inc | 16,600.27 | 6,058.42 |
| Eastman Chemical Co | 7,663.99 | 8,865.00 |
| Ringcentral Inc | 6,594.30 | 2,584.64 |
| Heritage crystal Clean Inc | 1,089.10 | 798.97 |
| Bioage Labs Inc | 321.94 | 10.36 |
| SUBTOTAL | 32,605.95 | 21,741.74 |
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Sources: Vertex Energy Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Vertex Energy Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Vertex Energy Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Heritage-Crystal Clean, Inc. | Named by the company | 85% |
| Safety-Kleen, Inc. | Named by the company | 85% |
| Origin Americas LLC | Named by the company | 85% |
| Clean Harbors, Inc. | Named by the company | 85% |
| Rio Energy, Inc. | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Vertex Energy Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Vertex Energy Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Vertex Energy Inc | Refining & Marketing 96.73 % |
| Clean Harbors inc | Environmental Services 85.82 % |
| Eastman Chemical Co | Advanced Materials 32.51 % |
| Ringcentral Inc | Reportable 100.00 % |
| Heritage crystal Clean Inc | Environmental Services 49.94 % |
| Gevo inc | Gevo North Dakota Segment 88.55 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Vertex Energy Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Vertex Energy Inc | 5 | 15,658,941 | -574,411 |
| Clean Harbors inc | 16,600 | 268,179 | 17,507 |
| Eastman Chemical Co | 7,664 | 681,923 | 34,077 |
| Ringcentral Inc | 6,594 | 350,316 | 14,944 |
| Heritage crystal Clean Inc | 1,089 | 1,299,133 | 123,585 |
| Bioage Labs Inc | 322 | 167,016 | -1,523,613 |
| PEERS TOTAL | 32,601 | 423,223 | 16,177 |
Vertex Energy Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Oil & Gas Integrated Operations industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (22 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 3.59 % | 31.37 % (avg) | -27.8 pp |
| Operating Margin | -1.65 % | industry median | -9.4 pp |
| EBITDA Margin | -0.02 % | 18.65 % (avg) | -18.7 pp |
| Capital Intensity (Capex / Revenue) | 1.95 % | 5.12 % (avg) | -3.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Vertex Energy Inc's Valuation vs Competitive Position
Valuation multiples vs the Oil & Gas Integrated Operations industry average (22 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 16.5x | - |
| EV / EBITDA | - | 8.1x | - |
| P/B | 0.5x | 2.9x | -2.4x |
| Return on Equity | -59.85 % | industry aggregate | -76.51 % |
| Return on Invested Capital | -6.62 % | 8.14 % (avg) | -14.76 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Vertex Energy Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -33.25 % | 48.35 % | 24.21 % | -9.60 % | -17.35 % | -14.25 % | 500.00 % | 13.35 % |
| Operating Margin | -10.31 % | -4.28 % | 0.27 % | -1.70 % | -8.79 % | -13.29 % | 1.75 % | -0.91 % |
| Return on Invested Capital | -11.06 % | -6.96 % | 0.51 % | -2.54 % | -9.51 % | -9.36 % | 9.27 % | -3.21 % |
| P/E | - | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Vertex Energy Inc's Strategic Group Map
Every company in Vertex Energy Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Vertex Energy Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Vertex Energy Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 1.95 % vs industry average 5.12 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Vertex Energy Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Vertex Energy Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Vertex Energy Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Vertex Energy Inc falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Vertex Energy Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 9.4 points below the industry median.
- Return on equity 76.5 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-6.3% annualized vs trailing 12 months).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Industry revenue growing at a healthy 12.6% median pace.
- A meaningful share of tracked competitors (57.10 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Vertex Energy Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Vertex Energy Inc | 0.16 | 0.90 | 0.94 |
| Clean Harbors inc | - | 2.39 | 1.01 |
| Eastman Chemical Co | 0.05 | 1.51 | 0.84 |
| Ringcentral Inc | 0.14 | 0.80 | - |
| Heritage crystal Clean Inc | 0.20 | 1.41 | 0.21 |
| Bioage Labs Inc | 9.04 | 16.31 | 0.01 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Vertex Energy Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Vertex Energy Inc | Q2 2024 | +1.9 % | - |
| Clean Harbors inc | Q1 2026 | +1.9 % | +7.7 % |
| Eastman Chemical Co | Q2 2026 | +9.9 % | +31.4 % |
| Ringcentral Inc | Q2 2026 | +6.1 % | +196.5 % |
| Heritage crystal Clean Inc | Q2 2023 | +22.7 % | -59.1 % |
| Bioage Labs Inc | Q2 2026 | +1.6 % | - |
| PEERS TOTAL | +6.4 % | -73.2 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Vertex Energy Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Vertex Energy Inc | Q2 2024 | +1.6 % | -66.8 % |
| Clean Harbors inc | Q1 2026 | -0.8 % | -17.1 % |
| Eastman Chemical Co | Q2 2026 | +9.7 % | -33.3 % |
| Ringcentral Inc | Q2 2026 | +3.8 % | +14.0 % |
| Heritage crystal Clean Inc | Q2 2023 | - | +149.7 % |
| Bioage Labs Inc | Q2 2026 | - | +106.3 % |
Vertex Energy Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Vertex Energy Inc | - | - | - |
| Clean Harbors inc | 5.25% | 7.01% | 14.37% |
| Eastman Chemical Co | 2.93% | 3.40% | 7.34% |
| Ringcentral Inc | 7.59% | 15.31% | - |
| Heritage crystal Clean Inc | 9.57% | 11.66% | 17.53% |
| Bioage Labs Inc | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Vertex Energy Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Vertex Energy Inc | - | 0.00 |
| Clean Harbors inc | 42.50 | 2.74 |
| Eastman Chemical Co | 17.36 | 0.86 |
| Ringcentral Inc | 61.40 | 2.55 |
| Heritage crystal Clean Inc | 14.24 | 1.36 |
| Bioage Labs Inc | - | 31.09 |
| PEERS AVERAGE | 54.88 | 1.50 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.