Pricing Log in Create free account
Friday 6 November 2026 Export VNOM’s income statement to Excel — free account

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

40.43 0.73 +1.84%
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
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Viper Energy Inc. (VNOM) Operating margin

Alert me on Operating margin

Viper Energy Inc.'s operating margin over the twelve months to 30 September 2026 was 36.2%, up 46.2 percentage points from fiscal 2025 (−10.0%). Over the past ten years it has ranged from −11.8% (fiscal 2016) to 78.5% (fiscal 2022); the current reading is higher than 18% of that period. That is in line with the Oil & Gas Midstream industry median of 34.7% and above the Energy sector median of 15.2%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 −10.0% (75.89)
FY2024 65.9% (9.03)
FY2023 74.9% (3.66)
FY2022 78.5% 6.93
FY2021 71.6% 50.50
FY2020 21.1% (43.77)
FY2019 64.9% (5.40)
FY2018 70.3% 4.12
FY2017 66.2% 77.92
FY2016 −11.8% (44.32)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 60.4% (2.86)
Jun 2026 63.2% 13.71
Mar 2026 49.5% 107.90
Dec 2025 −58.4% (16.28)
43 more quarters

Against its own ten years

Low −11.8% High 78.5%
Ten-year median 65.9%
Current reading's percentile 28

Operating margin against peers

Company Operating margin
AM Antero Midstream Corporation compare 81.3%
FRO Frontline PLC compare 54.1%
DTM DT Midstream, Inc. compare 49.4%
WES Western Midstream Partners, LP compare 38.5%
VNOM Viper Energy Inc. 36.2%
CQP Cheniere Energy Partners, L.P. compare 34.2%
KNTK Kinetik Holdings Inc. compare 12.2%
PAA Plains All American Pipeline, L.P. compare 3.14%
PAGP Plains Group Holdings, L.P. compare 3.13%
Oil & Gas Midstream industry median 34.7%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on VNOM