Viper Energy, Inc. (VNOM) Revenue History
Annual and quarterly revenue from 2013 to present
VNOM Revenue Over Time (2013–2025)
VNOM Revenue Growth History
9 of 12 years with positive growth- FY2013 revenue growth
- N/A
- FY2014 revenue growth
- +29.7%
- FY2015 revenue growth
- -3.7%
- FY2016 revenue growth
- +5.7%
- FY2017 revenue growth
- +117.4%
- FY2018 revenue growth
- +67.8%
- FY2019 revenue growth
- +3.2%
- FY2020 revenue growth
- -16.2%
- FY2021 revenue growth
- +102.1%
- FY2022 revenue growth
- +71.7%
- FY2023 revenue growth
- -4.5%
- FY2024 revenue growth
- +4.0%
- FY2025 revenue growth
- +56.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $496.0M | +102.4% |
| Q4 2025 | $422.0M | +84.7% |
| Q3 2025 | $393.0M | +87.7% |
| Q2 2025 | $287.0M | +32.9% |
| Q1 2025 | $245.0M | +19.5% |
| Q4 2024 | $228.5M | +11.7% |
| Q3 2024 | $209.4M | -28.5% |
| Q2 2024 | $216.0M | +34.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
VNOM's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
VNOM Revenue Analysis (2013–2025)
Current Revenue & Growth
As of June 23, 2026, Viper Energy, Inc. (VNOM) generated trailing twelve-month (TTM) revenue of $1.60 billion, reflecting explosive growth of +102.4% year-over-year. The most recent quarter (Q1 2026) recorded $496.0 million in revenue, up 17.5% sequentially.
Historical Growth Trajectory
VNOM's 5-year compound annual growth rate (CAGR) stands at +40.1%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +15.8% is below the 5-year average, signalling a growth deceleration in recent years. Viper Energy, Inc.'s highest annual revenue of $1.35 billion was recorded in 2025, an all-time high.
Revenue by Segment
VNOM's revenue is primarily driven by Oil Income (88%), Natural Gas Liquids Income (10%), and Natural Gas Income (2%). With over half of revenue concentrated in Oil Income, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Energy sector peers — including DMLP (-3.0% YoY), BSM (+6.9% YoY), and TPL (+15.3% YoY) — VNOM has outperformed the peer group in revenue growth. Compare VNOM vs DMLP →
VNOM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VNOMCurrent | $1.6B | +102.4% | +40.1% | 43.0% | |
 DMLP | $153M | -3.0% | +26.6% | 37.5% | |
 BSM | $422M | +6.9% | +7.3% | 61.8% | |
 TPL | $798M | +15.3% | +21.4% | 74.2% | |
 NRP | $202M | -19.7% | +9.4% | 68.9% | |
 FANG | $15.0B | +18.3% | +39.8% | 32.7% |
VNOM Historical Revenue Data (2013–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.35B | +56.6% | $645.0M | 47.9% | $579.0M | 43.0% |
| 2024 | $859.7M | +4.0% | $584.5M | 68.0% | $566.4M | 65.9% |
| 2023 | $826.8M | -4.5% | $630.3M | 76.2% | $620.2M | 75.0% |
| 2022 | $865.8M | +71.7% | $688.3M | 79.5% | $680.5M | 78.6% |
| 2021 | $504.3M | +102.1% | $368.8M | 73.1% | $361.6M | 71.7% |
| 2020 | $249.6M | -16.2% | $129.2M | 51.8% | $52.9M | 21.2% |
| 2019 | $297.9M | +3.2% | $200.7M | 67.4% | $193.5M | 65.0% |
| 2018 | $288.7M | +67.8% | $210.8M | 73.0% | $203.0M | 70.3% |
| 2017 | $172.0M | +117.4% | $120.9M | 70.3% | $113.8M | 66.2% |
| 2016 | $79.1M | +5.7% | $43.8M | 55.3% | $-9,311,000 | -11.8% |
| 2015 | $74.9M | -3.7% | $33.9M | 45.3% | $24.4M | 32.6% |
| 2014 | $77.8M | +29.7% | $44.8M | 57.6% | $40.4M | 52.0% |
| 2013 | $59.9M | - | $56.1M | 93.5% | $34.9M | 58.2% |
Full Stock Analysis
Deep dive into VNOM consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
13+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
VNOM — Frequently Asked Questions
Quick answers to the most common questions about buying VNOM stock.
Is VNOM's revenue growth accelerating or slowing?
VNOM revenue growth is accelerating. TTM revenue reached $1.6B, up +102.4% year-over-year — ahead of the 5-year CAGR of +40.1%. This indicates the business is expanding faster than its historical baseline.
What is VNOM's revenue history from 2013 to 2026?
Viper Energy, Inc. (VNOM) revenue history spans 2013 to 2026. TTM revenue as of 2026 is $1.6B, growing at +102.4% YoY. The 5-year CAGR is +40.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is VNOM's long-term revenue growth rate (CAGR)?
Viper Energy, Inc.'s 5-year revenue CAGR of +40.1% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +102.4% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for VNOM.
Why does VNOM's quarterly revenue fluctuate?
VNOM quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Viper Energy, Inc.'s revenue data from 2013 to 2026 shows full historical quarterly detail on this page.
How is VNOM's revenue distributed by segment?
VNOM reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does VNOM's revenue compare to industry peers?
Viper Energy, Inc. (VNOM) with TTM revenue of $1.6B and +102.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.