Viper Energy annual operating margin
2022
2023
2024
2025
Viper Energy Operating Margin Growth & History (VNOM)
Viper Energy's operating margin was −10.40% for fiscal 2025.
View full Viper Energy company overviewViper Energy annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −10.40% | −76.79 pp |
| 2024 | 2024-12-31 | 66.39% | −20.08 pp |
| 2023 | 2023-12-31 | 86.47% | +7.87 pp |
| 2022 | 2022-12-31 | 78.60% | — |
Viper Energy quarterly operating margin
Q3.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 65.05% | +18.01 pp |
| Q1 2026 | 2026-03-31 | 51.01% | −12.52 pp |
| Q4 2025 | 2025-12-31 | −60.19% | — |
| Q3 2025 | 2025-09-30 | −44.78% | −109.86 pp |
| Q2 2025 | 2025-06-30 | 47.04% | — |
| Q1 2025 | 2025-03-31 | 63.52% | — |
| Q3 2024 | 2024-09-30 | 65.07% | — |
Viper Energy operating margin trends
Between the periods ended 2022-12-31 and 2025-12-31, Viper Energy's operating margin decreased from 78.60% to −10.40%, a change of −89.00 percentage points. The latest reported quarter, Q2 2026, shows 65.05%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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