5 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 37.0% per year over the past 4 years.
Financial health
Total debt ($2.2B) exceeds cash ($13M); net debt is $2.2B.
Total debt has grown faster than revenue (101.8% vs 37.0% per year).
Shareholder returns
Dividends have been paid for 3 consecutive years.
The dividend has grown 59.5% per year over the past 4 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.3B
-$206M
0.0%
-10.4%
—
$2.2B
$13M
2024
$854M
$604M
0.0%
66.4%
—
$1.1B
$27M
2023
$717M
$501M
0.0%
86.5%
—
—
—
2022
—
$655M
—
—
—
—
—
2021
—
$257M
—
—
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$496M
$97M
0.0%
51.0%
—
$1.6B
$28M
Dec '25
$422M
-$103M
0.0%
-60.2%
—
$2.2B
$13M
Sep '25
$393M
-$77M
0.0%
-44.8%
—
$2.6B
$53M
Mar '25
$244M
$75M
0.0%
63.5%
—
—
—
Dec '24
$225M
$210M
0.0%
64.0%
—
$1.1B
$27M
Sep '24
$209M
$49M
0.0%
65.1%
—
—
—
Valuation over time
How the market has priced VNOM against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 7.6× (Mar '23) to 11.0× (Nov '25).
The price-to-sales ratio has fallen from 7.9× (Jan '24) to 5.9× (Jun '26).
The dividend yield has risen from 2.3% (Jan '24) to 4.2% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is VNOM growing its revenue and profit?
Over the past 4 years, Viper Energy, Inc.'s revenue has grown 37.0% per year. These are computed facts, not advice.
How much debt does VNOM have?
As of FY2025, Viper Energy, Inc. reported $2.2B of total debt against $13M of cash.
What is VNOM's profit margin?
In FY2025, gross margin was —, operating margin -10.4%, and net margin -15.3%.
What is VNOM's P/E ratio?
As of Jun '26, Viper Energy, Inc. traded at a price-to-earnings ratio of about 11.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.