Viper Energy (VNOM) Gross Margin (2024 - 2026)
Viper Energy's (VNOM) quarterly Gross Margin came in at 93.15% in Q1 2026, up 9.0% year-on-year from 85.46% in Q1 2025, and little changed sequentially from 93.13% in Q4 2025.
Viper Energy (VNOM) Gross Margin (2024 - 2026) Analysis & Trends
Viper Energy's Gross Margin history runs 3 years deep, the most recent figure standing at 93.15% for Q1 2026.
- In Q1 2026, Gross Margin rose 9.0% year-over-year to 93.15%; the TTM figure through Mar 2026 stood at 93.13% (changed N/A YoY), while the FY2025 annual figure was 93.02%, up 10.0% from the prior year.
- Gross Margin came in at 93.15% for Q1 2026 at Viper Energy, roughly flat from 93.13% in the prior quarter.
- Over five years, Gross Margin peaked at 93.15% in Q1 2026 and troughed at 92.82% in Q3 2024.
- The 3-year median for Gross Margin is 93.12% (2024), against an average of 93.07%.
- Peak annual rise in Gross Margin reached 31 bps in 2025, while the deepest fall reached 2 bps in 2025.
- A 3-year view of Gross Margin shows it stood at 93.1% in 2024, then increased by 0 bps to 93.13% in 2025, then rose by 0 bps to 93.15% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 93.15% in Q1 2026, 93.13% in Q4 2025, and 93.13% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 41.12% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 63.77% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 23.85% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 41.52% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 83.61% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 26.67% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 23.28% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 94.13% |
| 10 | Viper Energy | 7.69 Bn | 12.91 Bn | 476.00 Mn | 93.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 93.15% |
| Dec 31, 2025 | 93.13% |
| Sep 30, 2025 | 93.13% |
| Mar 31, 2025 | 93.06% |
| Dec 31, 2024 | 93.10% |
| Sep 30, 2024 | 92.82% |