Viper Energy (VNOM) Operating Margin (2024 - 2026)
Viper Energy's (VNOM) quarterly Operating Margin came in at 63.22% in Q2 2026, up 1777.0% year-over-year from 3.37% in Q2 2025, and up 27.69% quarter-over-quarter from 49.51% in Q1 2026.
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Viper Energy (VNOM) Operating Margin (2024 - 2026) Analysis & Trends
Viper Energy (VNOM) has reported Operating Margin for 3 consecutive years, with 63.22% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 1777.0% year-over-year to 63.22% in Q2 2026; TTM through Jun 2026 was 12.3%, a 4575.0% decrease from a year earlier, with the FY2025 full-year figure at 10.04%, down 7589.0% from the prior year.
- Operating Margin was 63.22% for Q2 2026 at Viper Energy, up from 49.51% in the prior quarter.
- Over five years, Operating Margin peaked at 64.45% in Q3 2024 and troughed at 58.39% in Q4 2025.
- A 3-year average of 31.04% and a median of 56.2% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin sank 12127 bps in 2025 and soared 1777 bps in 2026, its largest moves.
- Over 3 years, Operating Margin stood at 62.88% in 2024, then slumped by 193 bps to 58.39% in 2025, then soared by 208 bps to 63.22% in 2026.
- The last three Operating Margin figures came in at 63.22% (Q2 2026), 49.51% (Q1 2026), and 58.39% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Viper Energy | 15.81 Bn | 20.98 Bn | - | 63.22% |
| 2 | Black Stone Minerals | 3.12 Bn | 3.11 Bn | - | 73.89% |
| 3 | Natural Resource Partners | 1.51 Bn | 1.48 Bn | 47.24 Mn | 49.51% |
| 4 | Kimbell Royalty Partners | 1.50 Bn | 1.46 Bn | - | 53.06% |
| 5 | Dorchester Minerals | 1.43 Bn | 1.36 Bn | - | - |
| 6 | Evolution Petroleum | 131.82 Mn | 126.78 Mn | 7.21 Mn | -2.77% |
| 7 | Altex Industries | 1.90 Mn | 1.90 Mn | - | - |
| 8 | Mentor Capital | 827,678.86 | 91,860.86 | 65,595.00 | -201.00% |
| 9 | Leopard Energy | 165,479.20 | 149,827.20 | 1,715.00 | -142.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 63.22% |
| Mar 31, 2026 | 49.51% |
| Dec 31, 2025 | -58.39% |
| Sep 30, 2025 | -42.11% |
| Jun 30, 2025 | 45.45% |
| Mar 31, 2025 | 63.27% |
| Dec 31, 2024 | 62.88% |
| Sep 30, 2024 | 64.45% |