Viper Energy, Inc. (VNOM) stock
VNOMNasdaqCrude Petroleum & Natural GasFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 11/30163% above fair value
$42.34+1.46 (+3.57%)
Close on Nov 13, 2026Market cap $15.21BP/E –Yield –
Viper Energy operating margin
Operating margin is operating income as a percentage of revenue.
Viper Energy's operating margin for the twelve months ending Sep 30, 2026 was 36.2%. For fiscal 2025 it was -10.0%, against 65.9% the year before. The highest annual figure on record is 78.5% in fiscal 2022.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -10.0% | −75.9 |
| FY2024 | Dec 31, 2024 | 65.9% | −9.0 |
| FY2023 | Dec 31, 2023 | 74.9% | −3.7 |
| FY2022 | Dec 31, 2022 | 78.5% | +6.9 |
| FY2021 | Dec 31, 2021 | 71.6% | +50.5 |
| FY2020 | Dec 31, 2020 | 21.1% | −43.8 |
| FY2019 | Dec 31, 2019 | 64.9% | −5.4 |
| FY2018 | Dec 31, 2018 | 70.3% | +4.1 |
| FY2017 | Dec 31, 2017 | 66.2% | +77.9 |
| FY2016 | Dec 31, 2016 | -11.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 60.4% | +102.5 |
| Q2 FY2026 | Jun 30, 2026 | 63.2% | +17.8 |
| Q1 FY2026 | Mar 31, 2026 | 49.5% | −13.8 |
| Q4 FY2025 | Dec 31, 2025 | -58.4% | −121.3 |
| Q3 FY2025 | Sep 30, 2025 | -42.1% | −106.6 |
| Q2 FY2025 | Jun 30, 2025 | 45.5% | −23.1 |
| Q1 FY2025 | Mar 31, 2025 | 63.3% | −4.5 |
| Q4 FY2024 | Dec 31, 2024 | 62.9% | −6.8 |
| Q3 FY2024 | Sep 30, 2024 | 64.5% | −18.3 |
| Q2 FY2024 | Jun 30, 2024 | 68.5% | −1.2 |
| Q1 FY2024 | Mar 31, 2024 | 67.8% | −4.6 |
| Q4 FY2023 | Dec 31, 2023 | 69.6% | −8.4 |
| Q3 FY2023 | Sep 30, 2023 | 82.8% | +4.6 |
| Q2 FY2023 | Jun 30, 2023 | 69.7% | −9.4 |
| Q1 FY2023 | Mar 31, 2023 | 72.4% | −6.2 |
| Q4 FY2022 | Dec 31, 2022 | 78.1% | +1.9 |
| Q3 FY2022 | Sep 30, 2022 | 78.2% | +6.1 |
| Q2 FY2022 | Jun 30, 2022 | 79.2% | +9.2 |
| Q1 FY2022 | Mar 31, 2022 | 78.6% | +13.4 |
| Q4 FY2021 | Dec 31, 2021 | 76.1% | +113.8 |
| Q3 FY2021 | Sep 30, 2021 | 72.1% | +22.4 |
| Q2 FY2021 | Jun 30, 2021 | 70.0% | +54.4 |
| Q1 FY2021 | Mar 31, 2021 | 65.2% | +7.7 |
| Q4 FY2020 | Dec 31, 2020 | -37.6% | −99.6 |
| Q3 FY2020 | Sep 30, 2020 | 49.7% | −15.1 |
| Q2 FY2020 | Jun 30, 2020 | 15.6% | −53.1 |
| Q1 FY2020 | Mar 31, 2020 | 57.5% | −7.5 |
| Q4 FY2019 | Dec 31, 2019 | 61.9% | −5.3 |
| Q3 FY2019 | Sep 30, 2019 | 64.9% | −5.7 |
| Q2 FY2019 | Jun 30, 2019 | 68.7% | −4.3 |
| Q1 FY2019 | Mar 31, 2019 | 65.0% | −5.3 |
| Q4 FY2018 | Dec 31, 2018 | 67.2% | −5.1 |
| Q3 FY2018 | Sep 30, 2018 | 70.6% | +6.9 |
| Q2 FY2018 | Jun 30, 2018 | 73.0% | +11.6 |
| Q1 FY2018 | Mar 31, 2018 | 70.3% | +6.5 |
| Q4 FY2017 | Dec 31, 2017 | 72.3% | – |
| Q3 FY2017 | Sep 30, 2017 | 63.6% | – |
| Q2 FY2017 | Jun 30, 2017 | 61.4% | – |
| Q1 FY2017 | Mar 31, 2017 | 63.7% | – |
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