Viper Energy (VNOM) Net Margin (2024 - 2026)
Viper Energy's (VNOM) quarterly Net Margin came in at 42.07% in Q1 2026, down 2037.0% year-on-year from 2.17% in Q1 2025, and up 172.18% sequentially from 58.29% in Q4 2025.
Viper Energy (VNOM) Net Margin (2024 - 2026) Analysis & Trends
Viper Energy's Net Margin history runs 3 years deep, the most recent figure standing at 42.07% for Q1 2026.
- In Q1 2026, Net Margin fell 2037.0% year-over-year to 42.07%; the TTM figure through Mar 2026 stood at 4.77% (changed N/A YoY), while the FY2025 annual figure was 15.3%, down 8546.0% from the prior year.
- Net Margin came in at 42.07% for Q1 2026 at Viper Energy, up from 58.29% in the prior quarter.
- Over five years, Net Margin peaked at 117.67% in Q4 2024 and troughed at 58.29% in Q4 2025.
- The 3-year median for Net Margin is 47.11% (2024), against an average of 27.65%.
- The widest annual swing landed in 2025, when Net Margin tumbled 17597 bps; it then tumbled 2037 bps in 2026.
- A 3-year view of Net Margin shows it stood at 117.67% in 2024, then slumped by 150 bps to 58.29% in 2025, then surged by 172 bps to 42.07% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 42.07% in Q1 2026, 58.29% in Q4 2025, and 50.13% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 7.47% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 20.73% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 10.39% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 4.30% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 11.71% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 30.35% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 8.07% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 5.08% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 10.61% |
| 10 | Viper Energy | 7.69 Bn | 12.91 Bn | 476.00 Mn | 42.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.07% |
| Dec 31, 2025 | -58.29% |
| Sep 30, 2025 | -50.13% |
| Mar 31, 2025 | 62.45% |
| Dec 31, 2024 | 117.67% |
| Sep 30, 2024 | 52.15% |