Viper Energy (VNOM) Net Margin (2024 - 2026)
Viper Energy (VNOM) posted quarterly Net Margin of 42.07% for Q1 2026, down 2063.0% year-over-year from 2.14% in Q1 2025, and up 180.56% quarter-over-quarter from 52.23% in Q4 2025.
Viper Energy (VNOM) Net Margin (2024 - 2026) Analysis & Trends
Viper Energy (VNOM) has reported Net Margin for 3 consecutive years, with 42.07% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 2063.0% year-over-year to 42.07%; the TTM figure through Mar 2026 stood at 4.63% (changed N/A YoY), while the FY2025 annual figure was 14.77%, down 8549.0% from the prior year.
- Net Margin improved to 42.07% in Q1 2026 per VNOM's latest filing, from 52.23% in the prior quarter.
- Across five years, Net Margin topped out at 121.33% in Q4 2024 and bottomed at 52.23% in Q4 2025.
- Historically, Net Margin has averaged 29.32% across 3 years, with a median of 47.11% in 2024.
- Annual changes were most pronounced in 2025 — Net Margin plunged 17356 bps — and 2026, when it slumped 2063 bps.
- Viper Energy's Net Margin stood at 121.33% in 2024, then sank by 143 bps to 52.23% in 2025, then jumped by 181 bps to 42.07% in 2026.
- Business Quant data shows VNOM's Net Margin at 42.07% in Q1 2026, 52.23% in Q4 2025, and 50.13% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 19.97% |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 4.76% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 10.16% |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 5.90% |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 55.36% |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 8.03% |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 17.22% |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 63.54% |
| 10 | Viper Energy | 8.32 Bn | 8.24 Bn | - | 48.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 48.89% |
| 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% |