Viper Energy (VNOM) Net Margin (2024 - 2026)
Viper Energy (VNOM) reported Net Margin of 42.07% for Q1 2026, down 2037.0% year-over-year from 2.17% in Q1 2025, and up 172.18% quarter-over-quarter from 58.29% 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.
- Net Margin for Q1 2026 came in at 42.07%, down 2037.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 4.77% (changed N/A YoY), and the FY2025 annual result was 15.3%, down 8546.0% from the prior year.
- Net Margin grew to 42.07% in Q1 2026 per VNOM's latest filing, 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.
- A 3-year average of 27.65% and a median of 47.11% in 2024 frame the typical range for Net Margin.
- The sharpest annual moves came in 2025 and 2026: Net Margin slumped 17597 bps in 2025, then slumped 2037 bps in 2026.
- A 3-year view of Net Margin shows it stood at 117.67% in 2024, then sank by 150 bps to 58.29% in 2025, then jumped by 172 bps to 42.07% in 2026.
- Business Quant data shows VNOM's Net Margin at 42.07% in Q1 2026, 58.29% 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 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 7.47% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 10.39% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 20.73% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 4.30% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 30.35% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 11.71% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 8.07% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 23.51% |
| 10 | Viper Energy | 8.17 Bn | 13.40 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% |