Is the business good?
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.
1.7%
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 36% · 12 months to Q2 2026
- 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 from the cash flow statement.
Oil & Gas Midstream
Ranks #18 of 27 by Smart Score