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Viper Energy Inc.

VNOM Energy Oil & Gas Midstream

Viper Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 62.0% from fiscal 2024.

Revenue
+58.1%
EPS
+397.4%
Free cash flow
+57.3%
Total debt
−8.66%

Quarter to September 2026, against a year earlier

39.93 1.13 −2.75%
Market cap
$14.4B
P/E
18.1×
Fwd P/E
16.7×
Dividend yield
6.14%
F-score
2/9
Altman Z
1.50
Beneish M
−2.52
Dividend safety
10/100
Overview Business Profile Earnings & Analysis
Financials
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Viper Energy Inc. (VNOM) Net margin

Alert me on Net margin

Viper Energy Inc.'s net margin over the twelve months to 30 September 2026 was 12.1%, up 17.0 percentage points from fiscal 2025 (−4.87%). Over the past ten years it has ranged from −76.7% (fiscal 2020) to 64.8% (fiscal 2017); the current reading is higher than 27% of that period. That is below the Oil & Gas Midstream industry median of 20.1% and above the Energy sector median of 8.44%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 −4.87% (46.57)
FY2024 41.7% 17.55
FY2023 24.2% 6.65
FY2022 17.5% 6.03
FY2021 11.5% 88.20
FY2020 −76.7% (92.25)
FY2019 15.5% (34.32)
FY2018 49.8% (14.96)
FY2017 64.8% 78.57
FY2016 −13.8% (46.39)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 21.2% 0.21
Jun 2026 21.0% 1.99
Mar 2026 19.0% 42.66
Dec 2025 −23.7% (5.26)
43 more quarters

Against its own ten years

Low −76.7% High 64.8%
Ten-year median 17.5%
Current reading's percentile 37

Net margin against peers

Company Net margin
AM Antero Midstream Corporation compare 53.4%
FRO Frontline PLC compare 49.4%
DTM DT Midstream, Inc. compare 35.4%
CQP Cheniere Energy Partners, L.P. compare 23.9%
VNOM Viper Energy Inc. 12.1%
PAA Plains All American Pipeline, L.P. compare 4.87%
PAGP Plains Group Holdings, L.P. compare 1.06%
WES Western Midstream Partners, LP compare 0.00%
KNTK Kinetik Holdings Inc. compare 0.00%
Oil & Gas Midstream industry median 20.1%
Energy sector median 8.44%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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