Viper Energy (VNOM) Net Margin (2024 - 2026)
Viper Energy's (VNOM) quarterly Net Margin came in at 42.07% in Q1 2026, down 2063.0% year-on-year from 2.14% in Q1 2025, and up 180.56% on a QoQ basis from 52.23% in Q4 2025.
Viper Energy (VNOM) Net Margin (2024 - 2026) Analysis & Trends
Viper Energy (VNOM) has 3 years of Net Margin data on file, last reported at 42.07% in Q1 2026.
- On a quarterly basis, Net Margin fell 2063.0% year-over-year to 42.07% in Q1 2026; TTM through Mar 2026 was 4.63%, a N/A change from a year earlier, with the FY2025 full-year figure at 14.77%, down 8549.0% from the prior year.
- Net Margin for Q1 2026 stood at 42.07%, up from 52.23% in the prior quarter.
- Over the last five years, Net Margin for VNOM reached as high as 121.33% in Q4 2024 and fell as low as 52.23% in Q4 2025.
- Historically, Net Margin has averaged 29.32% across 3 years, with a median of 47.11% in 2024.
- Across the five-year window, Net Margin slumped 17356 bps in 2025 and plunged 2063 bps in 2026, its largest moves.
- Year by year, Net Margin stood at 121.33% in 2024, then sank by 143 bps to 52.23% in 2025, then soared by 181 bps to 42.07% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 42.07% in Q1 2026, 52.23% in Q4 2025, and 50.13% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 88.32% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 21.07% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 19.97% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 7.47% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 10.40% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 0.05% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 4.30% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 11.71% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 8.07% |
| 10 | Viper Energy | 8.18 Bn | 13.41 Bn | - | 42.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.07% |
| Dec 31, 2025 | -52.23% |
| Sep 30, 2025 | -50.13% |
| Mar 31, 2025 | 62.70% |
| Dec 31, 2024 | 121.33% |
| Sep 30, 2024 | 52.15% |