Viper Energy (VNOM) Operating Margin (2024 - 2026)

Viper Energy's Operating Margin history runs 3 years deep, the most recent figure standing at 49.51% for Q1 2026.

• In Q1 2026, Operating Margin fell 1375.0% year-over-year to 49.51%; the TTM figure through Mar 2026 stood at 1.4% (changed N/A YoY), while the FY2025 annual figure was 10.4%, down 7625.0% from the prior year.
• Operating Margin came in at 49.51% for Q1 2026 at Viper Energy, up from 60.19% in the prior quarter.
• Over five years, Operating Margin peaked at 65.07% in Q3 2024 and troughed at 60.19% in Q4 2025.
• The 3-year median for Operating Margin is 55.79% (2024), against an average of 22.49%.
• The widest annual swing landed in 2025, when Operating Margin plunged 12226 bps; it then slumped 1375 bps in 2026.
• A 3-year view of Operating Margin shows it stood at 62.07% in 2024, then plunged by 197 bps to 60.19% in 2025, then soared by 182 bps to 49.51% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 49.51% in Q1 2026, 60.19% in Q4 2025, and 44.78% in Q3 2025.