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

Viper Energy (VNOM) has 3 years of Operating Margin data on file, last reported at 49.51% in Q1 2026.

• On a quarterly basis, Operating Margin fell 1401.0% year-over-year to 49.51% in Q1 2026; TTM through Mar 2026 was 1.36%, a N/A change from a year earlier, with the FY2025 full-year figure at 10.04%, down 7643.0% from the prior year.
• Operating Margin for Q1 2026 stood at 49.51%, up from 53.93% in the prior quarter.
• Over the last five years, Operating Margin for VNOM reached as high as 65.07% in Q3 2024 and fell as low as 53.93% in Q4 2025.
• Historically, Operating Margin has averaged 23.9% across 3 years, with a median of 56.52% in 2025.
• Across the five-year window, Operating Margin plunged 11793 bps in 2025 and slumped 1401 bps in 2026, its largest moves.
• Year by year, Operating Margin stood at 64.0% in 2024, then tumbled by 184 bps to 53.93% in 2025, then jumped by 192 bps to 49.51% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 49.51% in Q1 2026, 53.93% in Q4 2025, and 44.78% in Q3 2025.