SuperworthViper Energy profit margin VNOM
Gross, operating and net profit as a share of revenue over the last twelve months, from 2015.
- Net margin, 12 months
- 2.9%
- Operating margin, 12 months
- 12.3%
- Net margin on a year earlier
- −34.9 pts
- Peer median
- 20.8%
Over the twelve months to Jun 30, 2026, Viper Energy kept 2.9% of its revenue as net profit, with an operating margin of 12.3%.
Five years earlier its net margin was −7.6%.
The median for 10 oil and gas producers of a similar size is 20.8%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | −4.9% | −10.0% |
| FY2024 | 41.7% | 65.7% |
| FY2023 | 24.2% | 74.9% |
| FY2022 | 17.5% | 78.5% |
| FY2021 | 11.5% | 71.6% |
| FY2020 | −76.7% | 21.1% |
| FY2019 | 15.5% | 64.9% |
| FY2018 | 49.8% | 70.3% |
| FY2017 | 64.8% | 66.2% |
| FY2016 | −13.8% | −11.8% |
| FY2015 | 32.6% | 32.6% |
| FY2014 | n/a | n/a |
| FY2013 | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 2.9% | −34.9 pts | 12.3% | |
| Q1 FY26 | −2.8% | −46.1 pts | −2.5% | |
| Q4 FY25 | −4.9% | −46.6 pts | −10.0% | |
| Q3 FY25 | 20.6% | −4.0 pts | 21.7% | |
| Q2 FY25 | 37.8% | +12.1 pts | 58.0% | |
| Q1 FY25 | 43.4% | +19.1 pts | 64.6% | |
| Q4 FY24 | 41.7% | +17.5 pts | 65.7% | |
| Q3 FY24 | 24.6% | +4.7 pts | 67.6% | |
| Q2 FY24 | 25.7% | +3.7 pts | 73.2% | |
| Q1 FY24 | 24.2% | +4.0 pts | 73.7% | |
| Q4 FY23 | 24.2% | +6.7 pts | 74.9% | |
| Q3 FY23 | 19.9% | −0.5 pts | 77.0% |
Against its peers
Companies in Oil & Gas Exploration & Production nearest Viper Energy's size, closest first, today.
| Company | Profit margin |
|---|---|
| VNOMViper Energy | 2.9% |
| APAAPA | 21.1% |
| OVVOvintiv | 9.4% |
| PRPermian Resources | 21.5% |
| EXEExpand Energy | 20.5% |
| ARANTERO RESOURCES | 17.7% |
| TPLTexas Pacific Land | 60.3% |
| RRCRange Resources | 25.0% |
| SMSM Energy | 18.2% |
| CHRDChord Energy | 13.4% |
| EQTEQT | 28.4% |
| Peer median | 20.8% |
Where Viper Energy ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Viper Energy
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.