Viper Energy (VNOM) Operating Margin (2024 - 2026)
Viper Energy (VNOM) posted Operating Margin of 63.22% for Q2 2026, up 17.77 percentage points from 45.45% a year earlier and up 13.71 percentage points from the prior quarter.
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Analysis
Viper Energy (VNOM) Operating Margin (2024 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Viper Energy was 12.30%, down 45.75 percentage points year-over-year; for FY2025, it was -10.04%, down 75.89 percentage points from FY2024.
- In prior years, Viper Energy's Operating Margin was 65.85% in FY2024 (-9.03 pp) and 74.88% in FY2023.
- The Q2 2026 figure stands as the highest quarterly Operating Margin since Q1 2025.
- On a year-over-year basis, Operating Margin increased in 1 of the last four quarters, with an average year-over-year change of -55.96 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 49.51% (Q1 2026), -58.39% (Q4 2025) and -42.11% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 28.46% |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | -28.44% |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | - |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | 5.19% |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 53.17% |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | 36.94% |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | -74.35% |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | - |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 30.46% |
| 10 | Viper Energy | 14.44 Bn | 19.51 Bn | - | 63.22% |
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% |
API Access
Viper Energy Operating 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=operating-margin&ticker=VNOM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=VNOM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();