Viper Energy (VNOM) Net Margin (2024 - 2026)
Viper Energy's (VNOM) quarterly Net Margin came in at 48.89% in Q2 2026, up 2061.0% year-over-year from 2.26% in Q2 2025, and up 16.2% quarter-over-quarter from 42.07% in Q1 2026.
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Viper Energy (VNOM) Net Margin (2024 - 2026) Analysis & Trends
Viper Energy (VNOM) has reported Net Margin for 3 consecutive years, with 48.89% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 2061.0% year-over-year to 48.89% in Q2 2026; TTM through Jun 2026 was 5.05%, a 5799.0% decrease from a year earlier, with the FY2025 full-year figure at 14.77%, down 8492.0% from the prior year.
- Net Margin was 48.89% for Q2 2026 at Viper Energy, up from 42.07% in the prior quarter.
- Over five years, Net Margin peaked at 119.21% in Q4 2024 and troughed at 56.55% in Q4 2025.
- A 3-year average of 31.11% and a median of 45.48% in 2026 frame the typical range for Net Margin.
- Across the five-year window, Net Margin plunged 17577 bps in 2025 and jumped 2061 bps in 2026, its largest moves.
- Over 3 years, Net Margin stood at 119.21% in 2024, then sank by 147 bps to 56.55% in 2025, then surged by 186 bps to 48.89% in 2026.
- The last three Net Margin figures came in at 48.89% (Q2 2026), 42.07% (Q1 2026), and 56.55% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Viper Energy | 15.81 Bn | 20.98 Bn | - | 48.89% |
| 2 | Black Stone Minerals | 3.12 Bn | 3.11 Bn | - | 66.45% |
| 3 | Natural Resource Partners | 1.51 Bn | 1.48 Bn | 47.24 Mn | 46.58% |
| 4 | Kimbell Royalty Partners | 1.50 Bn | 1.46 Bn | - | 34.15% |
| 5 | Dorchester Minerals | 1.43 Bn | 1.36 Bn | - | 53.20% |
| 6 | Evolution Petroleum | 131.82 Mn | 126.78 Mn | 7.21 Mn | -44.29% |
| 7 | Altex Industries | 1.90 Mn | 1.90 Mn | - | - |
| 8 | Mentor Capital | 827,678.86 | 91,860.86 | 65,595.00 | -308.45% |
| 9 | Leopard Energy | 165,479.20 | 149,827.20 | 1,715.00 | -148.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 48.89% |
| Mar 31, 2026 | 42.07% |
| Dec 31, 2025 | -56.55% |
| Sep 30, 2025 | -47.13% |
| Jun 30, 2025 | 28.28% |
| Mar 31, 2025 | 62.45% |
| Dec 31, 2024 | 119.21% |
| Sep 30, 2024 | 51.66% |