VNOMViper Energy, Inc.
Is the business good?
Earnings fully cash-backed (9.0×). That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating profit is fully backed by cash.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is VNOM?
Viper Energy, Inc. earns 1.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 7.3 points below what the capital costs: growth destroys value
- Operating margin
- 12%
Operating margin · Oil & Gas Midstream median 30% · 12 months to Q2 2026
- Cash conversion
- 9.02×
Cash conversion · operating cash flow covers the operating profit after tax
- Share count, year on year
- +48%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2023 | 75% |
| FY2024 | 66% |
| FY2025 | −10% |
Details›
- Operating margin12 months to Q2 2026
- 12%
- Net margin12 months to Q2 2026
- 2.9%
- Revenue, trailing twelve months
- $2.04B
- Net income, trailing twelve months
- $59M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 1.7%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Oil & Gas Midstream
The closest names by size in the same industry