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
DateValue
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%