Viper Energy, Inc. (VNOM) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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VNOM Revenue Growth
Revenue Breakdown (FY 2024)
VNOM's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
VNOM Revenue Analysis (2014–2025)
As of May 8, 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.
Looking at the longer-term picture, VNOM's 5-year compound annual growth rate (CAGR) stands at +40.1%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $1.35 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows VNOM's business 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 maintains significant focus in this area while developing other growth vectors.
When 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 terms of 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 (2014–2025)
| 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% |
Full VNOM Stock Analysis
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Start ComparisonVNOM — Frequently Asked Questions
Quick answers to the most common questions about buying VNOM stock.
Is VNOM's revenue growth accelerating or slowing?
VNOM revenue is accelerating at +102.4% year-over-year, exceeding the 5-year CAGR of +40.1%. TTM revenue reached $1.6B. Growth momentum has increased versus prior periods.
What is VNOM's long-term revenue growth rate?
Viper Energy, Inc.'s 5-year revenue CAGR of +40.1% reflects the sustained expansion pattern. Current YoY growth of +102.4% is above this long-term average.
How is VNOM's revenue distributed by segment?
VNOM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.