Viper Energy (VNOM) Net Margin (2024 - 2026)
Viper Energy (VNOM) reported Net Margin of 21.18% for Q3 2026, up 39.60 percentage points from -18.42% a year earlier and up 0.21 percentage points from the prior quarter.
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Analysis
Viper Energy (VNOM) Net Margin (2024 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Viper Energy's Net Margin came in at 12.08%, down 8.52 percentage points year-over-year; for FY2025, it came in at -4.87%, down 46.57 percentage points from FY2024.
- By year, Net Margin came in at 41.70% in FY2024 (+17.54 pp) and 24.15% in FY2023.
- The Q3 2026 figure ranks as the highest quarterly Net Margin since Q1 2025.
- Year over year, Net Margin gained in two of the last five quarters, with an average year-over-year change of -24.11 percentage points.
- Per Business Quant data, the three quarters before Q3 2026 came in at 20.97% (Q2 2026), 18.98% (Q1 2026) and -23.68% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 13.62% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 588.80% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 14.64% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 12.37% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 13.41% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 19.95% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 8.61% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 19.16% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 10.90% |
| 10 | Viper Energy | 15.31 Bn | 20.53 Bn | - | 21.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.18% |
| Jun 30, 2026 | 20.97% |
| Mar 31, 2026 | 18.98% |
| Dec 31, 2025 | -23.68% |
| Sep 30, 2025 | -18.42% |
| Jun 30, 2025 | 12.46% |
| Mar 31, 2025 | 30.61% |
| Dec 31, 2024 | 91.70% |
| Sep 30, 2024 | 23.22% |
API Access
Viper Energy Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=VNOM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "VNOM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=VNOM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();