Viper Energy (VNOM) Operating Margin (2024 - 2026)
Viper Energy (VNOM) posted Operating Margin of 60.36% for Q3 2026, up 102.47 percentage points from -42.11% a year earlier but down 2.86 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 Sep 30, 2026, Operating Margin at Viper Energy was 36.16%, up 14.47 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.
- Quarterly Operating Margin has run from a low of -58.39% in Q4 2025 to a high of 64.45% in Q3 2024 over five years.
- On a year-over-year basis, Operating Margin increased in two of the last five quarters, with an average year-over-year change of -24.27 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 63.22% (Q2 2026), 49.51% (Q1 2026) and -58.39% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 18.93% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 20.54% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 39.66% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 7.15% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 50.83% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 36.02% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 78.41% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 14.27% |
| 10 | Viper Energy | 15.31 Bn | 20.53 Bn | - | 60.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 60.36% |
| 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();