Last 48 quarters of trend data · Energy · Oil & Gas Midstream
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Viper Energy, Inc.'s quarterly P/E stands at 22.2x, up 21.7% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 5.1% YoY to 5.7x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -97.88 | 22.17 | — | — | 34.04 | 18.21 | 6.01 | 21.69 | 15.13 | 19.62 | 11.21 | 6.28 | 15.97 |
| — | +21.7% | — | — | +125.0% | -7.2% | -46.3% | +245.4% | -5.2% | +31.8% | -59.1% | -7.1% | +5.4% | |
| P/S Ratio | 13.09 | 4.29 | 3.86 | 3.62 | 4.19 | 5.58 | 5.53 | 5.05 | 3.97 | 4.11 | 3.11 | 1.69 | 3.00 |
| — | -23.0% | -30.2% | -28.3% | +5.5% | +35.7% | +77.5% | +199.3% | +32.5% | +36.1% | +7.9% | -30.4% | +40.1% | |
| P/B Ratio | 0.65 | 0.82 | 0.63 | 0.52 | 0.56 | 1.03 | 1.29 | 1.27 | 1.19 | 1.18 | 0.89 | 0.82 | 0.84 |
| — | -19.9% | -51.4% | -59.0% | -53.2% | -12.8% | +45.0% | +55.1% | +41.8% | +32.5% | -11.8% | -12.8% | -6.6% | |
| P/FCF | — | 7.15 | — | — | — | — | — | — | 6.31 | 8.96 | — | 2.64 | 3.50 |
| — | — | — | — | — | — | — | — | +80.2% | — | — | -13.6% | +11.6% | |
| EV / EBITDA | 16.69 | 5.68 | 5.79 | 5.53 | 5.68 | 5.99 | 7.34 | 6.41 | 5.60 | 5.97 | 4.80 | 2.25 | 4.38 |
| — | -5.1% | -21.2% | -13.8% | +1.3% | +0.3% | +53.0% | +185.5% | +27.9% | +34.5% | +25.6% | -34.8% | +42.8% | |
| EV / EBIT | 34.19 | 10.60 | 15.40 | — | 13.87 | 7.66 | 10.22 | 8.54 | 7.18 | 8.42 | 6.06 | 2.61 | 6.44 |
| — | +38.5% | +50.7% | — | +93.2% | -9.0% | +68.7% | +227.0% | +11.5% | +32.8% | +33.7% | -35.1% | +77.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Viper Energy, Inc.'s operating margin was 48.0% in Q1 2026, up 14.6 pp QoQ and down 15.3 pp YoY. The trailing four-quarter average of 43.2% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 21.8% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.9% | 51.4% | 37.7% | 46.8% | 49.5% | 65.7% | 64.7% | 66.7% | 70.4% | 70.2% | 71.9% | 83.4% | 70.9% |
| — | -21.8% | -41.7% | -29.9% | -29.7% | -6.4% | -10.1% | -20.0% | -0.8% | -5.0% | -9.3% | +5.4% | -11.3% | |
| Operating Margin | 43.0% | 48.0% | 33.4% | 44.3% | 47.0% | 63.3% | 62.7% | 64.7% | 68.5% | 67.8% | 69.9% | 82.9% | 69.8% |
| — | -24.2% | -46.7% | -31.6% | -31.3% | -6.7% | -10.3% | -21.9% | -1.8% | -6.6% | -10.6% | +5.8% | -11.9% | |
| Net Margin | -5.1% | 19.6% | -24.4% | -19.6% | 12.9% | 30.6% | 91.9% | 23.4% | 26.4% | 21.0% | 27.8% | 26.8% | 19.0% |
| — | -36.1% | -126.6% | -183.9% | -51.1% | +45.9% | +230.1% | -12.9% | +38.7% | +4.1% | +161.0% | -25.2% | +33.7% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.0% | 0.9% | -1.0% | -0.8% | 0.5% | 1.6% | 5.8% | 1.6% | 2.0% | 1.5% | 2.2% | 3.3% | 1.3% |
| — | -42.4% | -116.7% | -150.0% | -73.3% | +8.1% | +168.6% | -52.8% | +48.9% | +2.1% | +129.5% | -3.9% | -11.5% | |
| ROA | -0.8% | 0.8% | -0.8% | -0.7% | 0.5% | 1.3% | 4.5% | 1.2% | 1.4% | 1.1% | 1.6% | 2.6% | 1.0% |
| — | -40.8% | -117.3% | -154.4% | -68.0% | +23.2% | +182.9% | -53.1% | +41.2% | -5.8% | +117.8% | -3.4% | -10.4% | |
| ROIC | 5.0% | 1.5% | 0.8% | 1.1% | 1.3% | 2.2% | 2.4% | 2.6% | 2.9% | 2.7% | 3.1% | 6.2% | 2.8% |
| — | -33.8% | -65.7% | -56.0% | -53.5% | -17.0% | -23.2% | -58.1% | +0.2% | -15.2% | -23.6% | +40.5% | -41.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Viper Energy, Inc.'s Debt/EBITDA ratio is 3.6x, down from 5.8x last quarter — at a moderate level that warrants monitoring. The current ratio has weakened 29.1% YoY to 6.17x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.21 | 0.15 | 0.21 | 0.24 | 0.13 | 0.15 | 0.28 | 0.25 | 0.35 | 0.38 | 0.38 | 0.28 | 0.28 |
| — | +0.1% | -23.9% | -2.7% | -63.3% | -59.6% | -26.9% | -11.8% | +22.3% | +25.9% | +52.5% | -4.4% | -4.4% | |
| Debt / EBITDA | 1.84 | 3.61 | 5.83 | 7.36 | 4.24 | 3.44 | 5.21 | 4.31 | 5.09 | 5.88 | 5.77 | 2.42 | 4.44 |
| — | +5.0% | +11.9% | +70.6% | -16.7% | -41.5% | -9.7% | +78.2% | +14.6% | +29.7% | +90.2% | -26.3% | +45.9% | |
| Current Ratio | 3.72 | 6.17 | 3.72 | 1.88 | 6.15 | 8.70 | 4.89 | 7.24 | 7.06 | 3.46 | 4.32 | 5.52 | 3.77 |
| — | -29.1% | -23.9% | -74.1% | -12.9% | +151.6% | +13.3% | +31.2% | +87.4% | -22.7% | -20.2% | +11.4% | -27.7% | |
| Quick Ratio | 3.72 | 6.17 | 3.72 | 1.88 | 6.15 | 8.70 | 4.89 | 7.24 | 7.06 | 3.46 | 4.32 | 5.52 | 3.77 |
| — | -29.1% | -23.9% | -74.1% | -12.9% | +151.6% | +13.3% | +31.2% | +87.4% | -22.7% | -20.2% | +11.4% | -27.7% | |
| Interest Coverage | 6.03 | 8.81 | 3.92 | -5.97 | 7.07 | 14.38 | 7.82 | 8.54 | 8.50 | 6.60 | 8.90 | 21.88 | 8.95 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Viper Energy, Inc.'s current P/E is -97.9x. The average P/E over the last 2 quarters is 28.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Viper Energy, Inc.'s current operating margin is 43.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Viper Energy, Inc.'s business trajectory between earnings reports.