Viper Energy, Inc. (VNOM) Financial Ratios
13 years of historical data (2013–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↑
16.69
↑+214% vs avg
5yr avg: 5.31
30Y Low3.7·High70.2
P/FCF
↓
N/A
—
5yr avg: 29.99
30Y Low3.8·High56.2
P/B Ratio
↓
0.65
↓-23% vs avg
5yr avg: 0.84
30Y Low0.4·High2.7
ROE
↓
-1.0%
↑-118% vs avg
5yr avg: 5.4%
30Y Low-10%·High15%
Debt/EBITDA
↑
1.84
↑+31% vs avg
5yr avg: 1.41
30Y Low0.6·High7.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
VNOM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Viper Energy, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $17.6B | $5.5B | $4.6B | $2.3B | $2.4B | $1.5B | $787M | $1.5B | $1.9B | $2.4B | $1.3B |
| Enterprise Value | $19.8B | $7.7B | $5.7B | $3.4B | $3.0B | $2.2B | $1.3B | $2.1B | $2.3B | $2.5B | $1.4B |
| P/E Ratio → | -97.88 | — | 12.85 | 11.67 | 15.89 | 25.07 | — | 32.88 | 12.96 | 21.80 | — |
| P/S Ratio | 13.09 | 4.09 | 5.36 | 2.82 | 2.78 | 2.89 | 3.15 | 5.11 | 6.46 | 14.16 | 16.80 |
| P/B Ratio | 0.65 | 0.53 | 1.18 | 0.81 | 1.04 | 0.65 | 0.42 | 0.71 | 1.51 | 2.66 | 2.43 |
| P/FCF | — | — | — | — | 3.78 | 56.19 | 6.01 | — | — | — | — |
| P/OCF | 16.74 | 5.23 | 7.44 | 3.65 | 3.44 | 4.75 | 4.00 | 6.44 | 7.63 | 17.49 | 19.37 |
P/E links to full P/E history page with 30-year chart
VNOM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Viper Energy, Inc.'s enterprise value stands at 16.7x EBITDA, 214% above its 5-year average of 5.3x. The Energy sector median is 8.1x, placing the stock at a 107% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.71 | 6.59 | 4.09 | 3.42 | 4.35 | 5.30 | 7.07 | 7.81 | 14.56 | 18.20 |
| EV / EBITDA | 16.69 | 6.47 | 7.26 | 4.42 | 3.70 | 4.72 | 8.62 | 7.75 | 8.61 | 16.23 | 70.24 |
| EV / EBIT | 34.19 | 13.26 | 9.81 | 5.69 | 4.48 | 7.51 | — | 10.50 | 11.10 | 22.00 | — |
| EV / FCF | — | — | — | — | 4.66 | 84.61 | 10.11 | — | — | — | — |
VNOM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Viper Energy, Inc. earns an operating margin of 43.0%, significantly above the Energy sector average of 14.3%. Operating margins have compressed from 75.0% to 43.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -1.0% indicates the company is currently destroying shareholder equity. ROIC of 5.0% represents below-average returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.9% | 47.9% | 68.0% | 76.2% | 79.5% | 73.1% | 51.8% | 67.4% | 73.0% | 70.3% | 55.3% |
| Operating Margin | 43.0% | 43.0% | 65.9% | 75.0% | 78.6% | 71.7% | 21.2% | 65.0% | 70.3% | 66.2% | -11.8% |
| Net Profit Margin | -5.1% | -5.1% | 41.8% | 24.2% | 17.5% | 11.5% | -77.1% | 15.5% | 49.9% | 64.8% | -13.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.0% | -1.0% | 10.6% | 7.7% | 6.7% | 2.8% | -9.6% | 2.7% | 13.4% | 15.3% | -2.1% |
| ROA | -0.8% | -0.8% | 7.9% | 5.8% | 5.1% | 2.1% | -7.3% | 2.1% | 10.8% | 13.2% | -1.8% |
| ROIC | 5.0% | 5.0% | 9.6% | 13.7% | 17.4% | 10.1% | 1.5% | 6.6% | 11.7% | 10.4% | -1.2% |
| ROCE | 6.6% | 6.6% | 12.6% | 18.1% | 23.0% | 13.3% | 2.0% | 8.8% | 15.3% | 13.6% | -1.6% |
VNOM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Viper Energy, Inc. carries a Debt/EBITDA ratio of 1.8x, which is manageable (24% below the sector average of 2.4x). Net debt stands at $2.2B ($2.2B total debt minus $13M cash). Interest coverage of 6.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.21 | 0.21 | 0.28 | 0.38 | 0.25 | 0.35 | 0.30 | 0.27 | 0.33 | 0.10 | 0.22 |
| Debt / EBITDA | 1.84 | 1.84 | 1.39 | 1.41 | 0.72 | 1.67 | 3.62 | 2.16 | 1.57 | 0.61 | 5.88 |
| Net Debt / Equity | — | 0.21 | 0.27 | 0.37 | 0.24 | 0.33 | 0.29 | 0.27 | 0.31 | 0.08 | 0.20 |
| Net Debt / EBITDA | 1.83 | 1.83 | 1.35 | 1.38 | 0.70 | 1.59 | 3.50 | 2.15 | 1.48 | 0.45 | 5.43 |
| Debt / FCF | — | — | — | — | 0.88 | 28.42 | 4.10 | — | — | — | — |
| Interest Coverage | 6.03 | 6.03 | 7.82 | 12.55 | 16.56 | 8.58 | -0.54 | 9.52 | 14.66 | 35.97 | -3.44 |
VNOM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Viper Energy, Inc.'s current ratio of 3.72x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 4.32x to 3.72x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.72 | 3.72 | 4.89 | 4.32 | 5.41 | 4.54 | 1.20 | 5.41 | 10.83 | 9.85 | 10.88 |
| Quick Ratio | 3.72 | 3.72 | 4.89 | 4.32 | 5.41 | 4.54 | 1.20 | 5.41 | 10.83 | 9.85 | 10.88 |
| Cash Ratio | 0.12 | 0.12 | 0.55 | 0.78 | 0.83 | 1.61 | 0.43 | 0.27 | 3.77 | 4.30 | 4.28 |
| Asset Turnover | — | 0.11 | 0.17 | 0.21 | 0.30 | 0.17 | 0.10 | 0.11 | 0.17 | 0.17 | 0.12 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 94.91 | 77.45 | 49.81 | 37.37 | 51.18 | 50.03 | 84.12 | 53.50 | 65.55 | 62.32 |
VNOM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Viper Energy, Inc. returns 6.0% to shareholders annually — split between a 4.9% dividend yield and 1.1% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.9% | 6.0% | 4.8% | 14.0% | 17.3% | 12.1% | 13.7% | 15.8% | 13.6% | 5.4% | 4.9% |
| Payout Ratio | — | — | 61.1% | 162.3% | 274.9% | 304.8% | — | 519.2% | 176.1% | 117.4% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 7.8% | 8.6% | 6.3% | 4.0% | — | 3.0% | 7.7% | 4.6% | — |
| FCF Yield | — | — | — | — | 26.4% | 1.8% | 16.6% | — | — | — | — |
| Buyback Yield | 1.1% | 3.5% | 0.0% | 4.1% | 6.3% | 3.2% | 3.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.0% | 9.5% | 4.8% | 18.0% | 23.6% | 15.3% | 16.8% | 15.8% | 13.6% | 5.4% | 4.9% |
| Shares Outstanding | — | $143M | $94M | $74M | $76M | $68M | $68M | $62M | $72M | $104M | $83M |
Peer Comparison
Compare VNOM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 VNOMYou | $18B | -97.9 | 16.7 | — | 47.9% | 43.0% | -1.0% | 5.0% | 1.8 |
 DMLP | $1B | 21.7 | 9.8 | 9.5 | 46.2% | 37.5% | 17.2% | 14.7% | 0.0 |
 BSM | $3B | 10.4 | 10.0 | 9.5 | 74.9% | 61.8% | 26.6% | 16.1% | 0.5 |
 TPL | $28B | 57.3 | 41.9 | 56.6 | 100.0% | 74.2% | 37.2% | 42.1% | 0.0 |
 NRP | $1B | 11.3 | 9.7 | 9.0 | 81.2% | 68.9% | 22.6% | 16.1% | 0.2 |
 FANG | $54B | 33.2 | 6.8 | 10.2 | 35.2% | 32.7% | 4.0% | 6.7% | 1.5 |
 CTRA | $25B | 14.5 | 5.9 | 15.1 | 60.4% | 89.1% | 12.3% | 10.9% | 0.8 |
 HAL | $33B | 26.1 | 11.4 | 19.5 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 SLB | $80B | 22.6 | 12.1 | 16.6 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 NOV | $7B | 49.5 | 8.4 | 8.1 | 20.2% | 6.5% | 2.3% | 5.8% | 2.5 |
 WTTR | $2B | 84.1 | 10.7 | — | 14.0% | 2.5% | 2.3% | 2.3% | 1.8 |
| Energy Median | — | 16.8 | 8.1 | 14.3 | 31.9% | 14.3% | 7.8% | 6.3% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonVNOM — Frequently Asked Questions
Quick answers to the most common questions about buying VNOM stock.
What is Viper Energy, Inc.'s P/E ratio?
Viper Energy, Inc.'s current P/E ratio is -97.9x. The historical average is 26.7x.
What is Viper Energy, Inc.'s EV/EBITDA?
Viper Energy, Inc.'s current EV/EBITDA is 16.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.8x.
What is Viper Energy, Inc.'s ROE?
Viper Energy, Inc.'s return on equity (ROE) is -1.0%. The historical average is 5.0%.
Is VNOM stock overvalued?
Based on historical data, Viper Energy, Inc. is trading at a P/E of -97.9x. Compare with industry peers and growth rates for a complete picture.
What is Viper Energy, Inc.'s dividend yield?
Viper Energy, Inc.'s current dividend yield is 4.90%.
What are Viper Energy, Inc.'s profit margins?
Viper Energy, Inc. has 47.9% gross margin and 43.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Viper Energy, Inc. have?
Viper Energy, Inc.'s Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.