Viper Energy (VNOM) Financials

$41.36 +0.08 (+0.19%)

As of 05/20/2025 04:00 PM Eastern

Annual Income Statements for Viper Energy

This table shows Viper Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	359	200	152	58	-192	46	144	111	-11	24
Consolidated Net Income / (Loss)	604	501	655	257	-193	221	263	111	-11	24
Net Income / (Loss) Continuing Operations	604	501	655	257	-193	221	263	111	-11	24
Total Pre-Tax Income	504	547	622	258	-51	180	191	111	-11	24
Total Operating Income	566	620	680	362	53	194	203	114	-9.31	24
Total Gross Profit	860	828	866	505	251	298	289	171	79	75
Total Revenue	860	828	866	505	251	298	289	172	79	75
Operating Revenue	860	827	866	504	250	298	289	172	79	75
Other Revenue	0.64	0.91	0.70	0.62	1.06	0.36	0.13	0.00	-	-
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.79	0.42	0.26
Total Operating Expenses	294	207	186	143	198	105	86	57	88	50
Selling, General & Admin Expense	19	11	8.54	7.80	8.17	7.49	7.96	6.30	5.21	5.84
Marketing Expense	61	50	56	33	20	19	19	11	5.54	5.53
Depletion Expense	214	146	121	103	101	78	59	41	30	35
Other Operating Expenses / (Income)	0.06	0.36	0.00	-	-	-	-	-	0.00	-
Total Other Income / (Expense), net	-62	-73	-58	-103	-104	-14	-12	-2.34	-1.59	0.04
Interest & Investment Income	-74	-47	-40	-34	-42	-16	-14	-3.16	-2.46	-
Other Income / (Expense), net	11	-26	-18	-69	-62	2.33	1.92	0.82	0.87	1.15
Income Tax Expense	-100	46	-33	1.52	142	-42	-72	0.00	0.00	-
Net Income / (Loss) Attributable to Noncontrolling Interest	244	301	503	199	-1.11	175	119	0.00	0.00	-
Basic Earnings per Share	$3.82	$2.69	$2.00	$0.85	($2.84)	$0.75	$2.01	$1.07	($0.13)	$0.31
Weighted Average Basic Shares Outstanding	93.93M	74.18M	75.61M	68.32M	67.69M	61.74M	71.55M	104.32M	83.08M	79.72M
Diluted Earnings per Share	$3.82	$2.69	$2.00	$0.85	($2.84)	$0.75	$2.01	$1.07	($0.13)	$0.31
Weighted Average Diluted Shares Outstanding	93.93M	74.18M	75.68M	68.39M	67.69M	61.79M	71.63M	104.38M	83.08M	79.73M
Weighted Average Basic & Diluted Shares Outstanding	219.14M	176.85M	75.61M	68.32M	67.69M	61.74M	71.55M	104.32M	83.08M	79.72M

This table shows Viper Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	75	210	49	57	43	57	79	31	34	22	79
Consolidated Net Income / (Loss)	153	273	109	122	100	126	207	80	88	145	210
Net Income / (Loss) Continuing Operations	153	273	109	122	100	126	207	80	88	145	210
Total Pre-Tax Income	174	130	126	135	112	132	229	88	98	150	164
Total Operating Income	155	143	136	149	139	143	243	112	122	159	173
Total Gross Profit	245	229	210	217	205	205	293	161	169	204	222
Total Revenue	245	229	210	217	205	205	293	161	169	204	222
Operating Revenue	245	229	209	217	205	205	293	161	169	203	221
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	90	85	74	68	66	62	50	49	47	45	48
Selling, General & Admin Expense	6.00	4.31	4.62	4.59	5.13	3.95	1.88	2.01	2.76	2.57	2.14
Marketing Expense	17	16	15	15	14	13	12	13	13	11	16
Depletion Expense	67	65	55	48	47	45	36	34	31	31	30
Total Other Income / (Expense), net	19	-13	-9.33	-13	-27	-11	-14	-24	-25	-8.81	-9.69
Interest & Investment Income	-13	-19	-17	-19	-20	-16	-11	-11	-9.69	-9.84	-11
Other Income / (Expense), net	32	5.86	7.41	5.35	-7.23	4.75	-2.73	-13	-15	1.03	1.04
Income Tax Expense	21	-142	17	13	13	6.22	22	8.45	9.41	4.94	-46
Net Income / (Loss) Attributable to Noncontrolling Interest	78	63	60	65	56	69	129	49	54	124	131
Basic Earnings per Share	$0.62	$2.19	$0.52	$0.62	$0.49	$0.69	$1.11	$0.42	$0.47	$0.28	$1.06
Weighted Average Basic Shares Outstanding	120.93M	93.93M	93.70M	91.42M	87.54M	74.18M	70.93M	71.77M	72.73M	75.61M	74.94M
Diluted Earnings per Share	$0.62	$2.19	$0.52	$0.62	$0.49	$0.69	$1.11	$0.42	$0.47	$0.28	$1.06
Weighted Average Diluted Shares Outstanding	121.03M	93.93M	93.75M	91.42M	87.63M	74.18M	70.93M	71.77M	72.82M	75.68M	74.94M
Weighted Average Basic & Diluted Shares Outstanding	288.54M	219.14M	188.41M	176.88M	176.86M	176.85M	70.93M	71.77M	72.73M	75.61M	74.94M

This table details how cash moves in and out of Viper Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	0.98	7.69	-21	20	16	-19	-1.52	15	8.67	-15
Net Cash From Operating Activities	620	638	700	307	197	237	244	139	69	15
Net Cash From Continuing Operating Activities	620	638	700	307	197	237	244	139	69	64
Net Income / (Loss) Continuing Operations	604	501	655	257	-193	221	263	111	-11	0.00
Consolidated Net Income / (Loss)	604	501	655	257	-193	221	263	111	-11	-
Non-Cash Adjustments To Reconcile Net Income	200	159	108	80	205	73	59	43	81	67
Changes in Operating Assets and Liabilities, net	-184	-22	-63	-29	185	-58	-78	-16	-1.98	-3.69
Net Cash From Investing Activities	-609	-908	48	-281	-16	-531	-614	-344	-206	-44
Net Cash From Continuing Investing Activities	-609	-908	48	-281	-16	-531	-614	-344	-206	-44
Purchase of Property, Plant & Equipment	-696	-905	-64	-281	-66	-531	-615	-344	-206	-44
Sale of Property, Plant & Equipment	88	-3.16	112	0.00	39	0.00	0.57	0.00	0.00	-
Net Cash From Financing Activities	-10	278	-769	-5.61	-165	275	368	220	146	-34
Net Cash From Continuing Financing Activities	-10	278	-769	-5.61	-165	275	368	220	146	-34
Repayment of Debt	-847	-475	-473	-159	-137	-916	-376	-308	-78	-0.44
Repurchase of Common Equity	0.00	-95	-151	-	-24	0.00	0.00	-0.43	-0.55	0.00
Payment of Dividends	-481	-325	-417	-177	-108	-240	-253	-131	-65	-69
Issuance of Debt	842	973	272	330	104	1,091	692	279	164	35
Issuance of Common Equity	476	200	0.00	0.00	-	341	306	380	126	0.00
Cash Interest Paid	74	40	37	31	33	14	12	2.59	1.95	0.75
Cash Income Taxes Paid	56	51	17	1.05	0.00	-	-	-	-	-

This table details how cash moves in and out of Viper Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	533	-142	133	15	-5.86	-121	134	3.97	-9.07	6.56	7.30
Net Cash From Operating Activities	201	158	203	143	115	146	240	145	107	187	214
Net Cash From Continuing Operating Activities	201	158	203	143	115	146	240	145	107	187	214
Net Income / (Loss) Continuing Operations	153	273	109	122	100	126	207	80	88	145	210
Consolidated Net Income / (Loss)	153	273	109	122	100	126	207	80	88	145	210
Non-Cash Adjustments To Reconcile Net Income	44	58	47	44	52	37	35	43	44	26	19
Changes in Operating Assets and Liabilities, net	4.00	-172	47	-22	-36	-17	-2.95	23	-25	15	-15
Net Cash From Investing Activities	-486	-425	-245	82	-20	-732	-52	-7.87	-117	28	-12
Net Cash From Continuing Investing Activities	-486	-425	-245	82	-20	-732	-52	-7.87	-117	28	-12
Purchase of Property, Plant & Equipment	-486	-425	-242	-8.40	-21	-732	-51	-7.81	-115	-	-
Sale of Property, Plant & Equipment	0.00	-0.01	-2.97	90	0.43	0.00	-1.19	-0.07	-1.91	54	29
Net Cash From Financing Activities	818	125	175	-210	-101	465	-54	-134	0.27	-208	-195
Net Cash From Continuing Financing Activities	818	125	175	-210	-101	465	-54	-134	0.27	-208	-195
Repayment of Debt	-556	-114	-552	-101	-80	-307	-48	-120	-0.02	-136	-90
Payment of Dividends	-153	-133	-124	-114	-111	-113	-66	-62	-85	-83	-140
Issuance of Debt	295	372	375	5.00	90	713	69	73	118	43	85
Issuance of Common Equity	1,232	0.00	-	-	-	200	-	-	-	-	-

This table presents Viper Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	5,069	3,974	2,920	3,034	2,461	2,786	1,654	1,013	671	530
Total Current Assets	238	144	119	111	54	73	65	55	23	11
Cash & Equivalents	27	26	18	39	19	3.60	23	24	9.21	0.54
Accounts Receivable	180	112	88	69	32	69	39	26	14	7.44
Prepaid Expenses	11	4.47	2.47	-	-	-	-	-	-	-
Current Deferred & Refundable Income Taxes	2.24	0.81	0.73	-	-	-	-	-	-	-
Other Current Assets	18	0.36	9.33	3.13	2.66	0.40	3.75	5.50	0.19	2.40
Plant, Property, & Equipment, net	4,638	3,768	2,750	2,920	2,405	2,548	1,474	914	612	483
Plant, Property & Equipment, gross	5,718	4,635	3,471	3,519	2,901	2,874	1,722	1,104	-	555
Accumulated Depreciation	1,081	866	720	599	496	326	248	189	149	72
Total Noncurrent Assets	193	62	51	2.76	2.33	165	115	43	35	36
Noncurrent Deferred & Refundable Income Taxes	185	57	50	0.00	-	142	97	0.00	-	-
Other Noncurrent Operating Assets	8.17	5.60	1.82	2.76	2.33	23	18	43	35	36
Total Liabilities & Shareholders' Equity	5,069	3,974	2,920	3,034	2,461	2,786	1,654	1,013	671	530
Total Liabilities	1,162	1,117	599	801	601	600	417	99	123	35
Total Current Liabilities	49	33	22	24	45	13	6.02	5.63	2.15	0.09
Accounts Payable	2.07	1.35	1.44	0.07	0.04	0.15	0.00	2.96	1.78	0.01
Accrued Expenses	42	27	20	21	18	13	6.02	2.67	0.37	0.08
Current Deferred & Payable Income Tax Liabilities	2.03	1.93	0.91	0.47	-	-	-	-	-	-
Other Current Liabilities	2.32	2.96	0.00	3.42	27	0.00	-	-	-	-
Total Noncurrent Liabilities	1,113	1,083	577	777	556	587	411	94	121	35
Long-Term Debt	1,083	1,083	577	777	556	587	411	94	121	35
Other Noncurrent Operating Liabilities	30	0.20	0.01	0.00	-	-	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,907	2,858	2,322	2,233	1,861	2,185	1,237	914	548	495
Total Preferred & Common Equity	1,687	1,014	691	815	635	931	542	914	548	495
Total Common Equity	1,687	1,014	691	815	635	931	542	914	548	495
Common Stock	1,569	1,031	691	815	635	931	542	914	548	495
Retained Earnings	118	-17	0.00	-	-	-	-	-	-	-
Noncontrolling Interest	2,220	1,843	1,631	1,418	1,226	1,254	695	0.00	-	-

This table presents Viper Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	6,238	4,206	3,900	4,013	3,143	2,967	3,020	2,986
Total Current Assets	792	320	205	190	262	106	133	124
Cash & Equivalents	560	169	35	20	147	13	9.11	12
Accounts Receivable	187	145	167	165	111	85	83	94
Prepaid Expenses	12	3.88	3.47	4.70	-	-	-	-
Current Deferred & Refundable Income Taxes	2.00	0.00	0.00	0.00	-	-	-	-
Other Current Assets	31	2.80	0.00	0.00	4.08	7.57	41	18
Plant, Property, & Equipment, net	4,955	3,761	3,612	3,742	2,777	2,811	2,837	2,811
Plant, Property & Equipment, gross	6,103	4,777	4,573	4,655	3,598	3,596	3,588	3,500
Accumulated Depreciation	1,148	1,016	962	913	822	785	751	689
Total Noncurrent Assets	491	125	83	81	104	50	49	51
Noncurrent Deferred & Refundable Income Taxes	249	75	76	75	49	49	49	50
Other Noncurrent Operating Assets	242	50	7.09	6.26	56	1.24	0.17	1.14
Total Liabilities & Shareholders' Equity	6,238	4,206	3,900	4,013	3,143	2,967	3,020	2,986
Total Liabilities	915	871	1,027	1,148	725	681	727	695
Total Current Liabilities	91	44	29	55	47	28	30	25
Accounts Payable	2.00	0.03	0.02	0.02	0.20	0.02	0.44	0.02
Accrued Expenses	66	41	22	32	25	18	18	24
Current Deferred & Payable Income Tax Liabilities	18	1.82	2.20	14	13	1.58	9.48	0.00
Other Current Liabilities	5.00	0.90	4.77	8.47	9.28	8.35	2.10	0.89
Total Noncurrent Liabilities	824	826	998	1,094	677	653	698	670
Long-Term Debt	822	822	998	1,094	676	649	695	670
Other Noncurrent Operating Liabilities	2.00	4.79	0.00	0.00	1.62	3.37	2.38	0.13
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,323	3,336	2,873	2,864	2,419	2,286	2,292	2,291
Total Preferred & Common Equity	2,674	1,401	1,090	1,080	714	667	668	724
Total Common Equity	2,674	1,401	1,090	1,080	714	667	668	724
Common Stock	2,566	1,430	1,109	1,101	714	667	668	724
Retained Earnings	108	-29	-19	-22	-	-	-	-
Noncontrolling Interest	2,649	1,935	1,784	1,785	1,705	1,619	1,625	1,567

This table displays calculated financial ratios and metrics derived from Viper Energy's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.95%	-4.47%	71.61%	101.46%	-15.98%	3.28%	67.89%	117.36%	5.73%	49.22%
EBITDA Growth	-2.84%	-10.22%	126.64%	3,211.94%	-104.79%	-4.41%	77.83%	1,532.69%	-131.12%	-36.95%
EBIT Growth	-2.84%	-10.22%	126.64%	3,211.94%	-104.79%	-4.41%	78.74%	1,457.67%	-133.08%	-37.55%
NOPAT Growth	19.42%	-20.67%	99.25%	870.42%	-84.46%	-14.91%	146.08%	1,846.34%	-126.74%	-39.69%
Net Income Growth	20.41%	-23.46%	155.19%	232.71%	-187.43%	-15.85%	135.81%	1,122.83%	-144.63%	-17.60%
EPS Growth	42.01%	34.50%	135.29%	129.93%	-478.67%	-62.69%	87.85%	923.08%	-141.94%	6.90%
Operating Cash Flow Growth	-2.91%	-8.80%	127.86%	56.25%	-16.96%	-3.19%	75.62%	102.86%	357.70%	301.13%
Free Cash Flow Firm Growth	20.64%	-157.86%	477.88%	-152.25%	145.12%	-149.92%	-71.83%	-54.25%	-980.65%	0.00%
Invested Capital Growth	26.79%	35.92%	-3.03%	23.89%	-13.41%	70.34%	65.31%	49.27%	24.61%	1.71%
Revenue Q/Q Growth	2.87%	0.13%	4.57%	21.53%	-6.14%	6.82%	1.68%	31.26%	11.25%	52.04%
EBITDA Q/Q Growth	-0.01%	-2.09%	5.17%	143.30%	-110.07%	4.27%	3.10%	29.12%	59.63%	-14.05%
EBIT Q/Q Growth	-0.01%	-2.09%	5.17%	143.30%	-110.07%	4.27%	3.45%	29.27%	58.39%	-14.27%
NOPAT Q/Q Growth	32.70%	-3.03%	4.04%	75.83%	114.62%	2.42%	42.69%	29.48%	55.87%	-18.15%
Net Income Q/Q Growth	32.15%	-3.71%	4.51%	195.06%	-109.79%	3.67%	-0.52%	30.14%	50.94%	-2.00%
EPS Q/Q Growth	64.66%	17.98%	-12.66%	753.85%	-15.45%	-25.74%	-6.94%	17.58%	53.57%	-18.42%
Operating Cash Flow Q/Q Growth	1.99%	-6.00%	12.75%	21.38%	-8.86%	1.89%	10.34%	125.19%	-36.95%	97.73%
Free Cash Flow Firm Q/Q Growth	30.12%	-179.40%	582.42%	-157.75%	150.07%	-349.14%	11.74%	18.23%	-67.89%	0.00%
Invested Capital Q/Q Growth	24.45%	32.82%	-2.33%	24.86%	-5.75%	39.71%	5.04%	4.49%	10.64%	-0.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.54%	99.48%	99.65%
EBITDA Margin	67.15%	71.85%	76.44%	57.88%	-3.75%	65.67%	70.95%	66.98%	-10.16%	34.52%
Operating Margin	65.83%	74.93%	78.54%	71.61%	21.11%	64.88%	70.28%	66.16%	-11.76%	32.56%
EBIT Margin	67.15%	71.85%	76.44%	57.88%	-3.75%	65.67%	70.95%	66.64%	-10.67%	34.10%
Profit (Net Income) Margin	70.16%	60.57%	75.59%	50.84%	-77.17%	74.16%	91.02%	64.80%	-13.77%	32.62%
Tax Burden Percent	119.79%	91.60%	105.25%	99.41%	379.64%	123.15%	137.98%	100.00%	100.00%	100.00%
Interest Burden Percent	87.22%	92.03%	93.96%	88.35%	542.51%	91.71%	92.97%	97.24%	129.07%	95.65%
Effective Tax Rate	-19.79%	8.40%	-5.25%	0.59%	0.00%	-23.15%	-37.98%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	15.28%	16.72%	24.48%	13.39%	1.43%	10.85%	21.47%	13.86%	-1.10%	4.65%
ROIC Less NNEP Spread (ROIC-NNEP)	8.20%	8.45%	15.04%	-2.74%	-39.73%	7.32%	13.95%	11.26%	-7.17%	5.14%
Return on Net Nonoperating Assets (RNNOA)	2.56%	2.64%	4.28%	-0.85%	-10.99%	2.08%	2.97%	1.39%	-0.99%	0.09%
Return on Equity (ROE)	17.85%	19.36%	28.76%	12.54%	-9.56%	12.93%	24.44%	15.25%	-2.09%	4.74%
Cash Return on Invested Capital (CROIC)	-8.34%	-13.73%	27.56%	-7.95%	15.81%	-41.19%	-27.76%	-25.67%	-23.01%	2.96%
Operating Return on Assets (OROA)	12.78%	17.25%	22.25%	10.64%	-0.36%	8.82%	15.37%	13.62%	-1.41%	4.78%
Return on Assets (ROA)	13.35%	14.54%	22.00%	9.34%	-7.37%	9.97%	19.71%	13.24%	-1.82%	4.58%
Return on Common Equity (ROCE)	7.13%	6.37%	9.51%	4.44%	-3.70%	5.56%	16.55%	15.25%	-2.09%	4.74%
Return on Equity Simple (ROE_SIMPLE)	35.78%	49.43%	94.84%	31.50%	-30.45%	23.76%	48.49%	12.20%	-1.99%	4.93%
Net Operating Profit after Tax (NOPAT)	678	568	716	359	37	238	280	114	-6.52	24
NOPAT Margin	78.86%	68.64%	82.66%	71.19%	14.78%	79.90%	96.98%	66.16%	-8.24%	32.56%
Net Nonoperating Expense Percent (NNEP)	7.08%	8.27%	9.44%	16.14%	41.16%	3.53%	7.52%	2.60%	6.07%	-0.49%
Return On Investment Capital (ROIC_SIMPLE)	13.60%	14.42%	24.71%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.46%	0.52%	0.35%
SG&A Expenses to Revenue	2.17%	1.28%	0.99%	1.54%	3.26%	2.51%	2.75%	3.66%	6.58%	7.79%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	34.17%	25.07%	21.46%	28.39%	78.89%	35.12%	29.72%	33.38%	111.24%	67.09%
Earnings before Interest and Taxes (EBIT)	578	595	662	292	-9.39	196	205	115	-8.44	26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	578	595	662	292	-9.39	196	205	115	-8.04	26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.48	5.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	5.48	5.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	10.75	6.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	25.74	26.36	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	4.34%	0.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.89%	3.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.52	2.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	14.55	9.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	21.67	13.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	21.67	13.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	18.46	14.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	20.21	12.81	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.38	0.25	0.35	0.30	0.27	0.33	0.10	0.22	0.07
Long-Term Debt to Equity	0.28	0.38	0.25	0.35	0.30	0.27	0.33	0.10	0.22	0.07
Financial Leverage	0.31	0.31	0.28	0.31	0.28	0.28	0.21	0.12	0.14	0.02
Leverage Ratio	1.34	1.33	1.31	1.34	1.30	1.30	1.24	1.15	1.15	1.04
Compound Leverage Factor	1.17	1.23	1.23	1.19	7.04	1.19	1.15	1.12	1.49	0.99
Debt to Total Capital	21.70%	27.49%	19.90%	25.81%	22.99%	21.17%	24.94%	9.28%	18.03%	6.51%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	21.70%	27.49%	19.90%	25.81%	22.99%	21.17%	24.94%	9.28%	18.03%	6.51%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	44.49%	46.78%	56.27%	47.12%	50.72%	45.25%	42.17%	0.00%	0.00%	0.00%
Common Equity to Total Capital	33.81%	25.74%	23.83%	27.07%	26.29%	33.59%	32.89%	90.72%	81.97%	93.49%
Debt to EBITDA	1.87	1.82	0.87	2.66	-59.17	3.00	2.01	0.81	-14.98	1.34
Net Debt to EBITDA	1.83	1.78	0.84	2.52	-57.13	2.98	1.90	0.60	-13.77	1.29
Long-Term Debt to EBITDA	1.87	1.82	0.87	2.66	-59.17	3.00	2.01	0.81	-14.98	1.34
Debt to NOPAT	1.60	1.91	0.81	2.16	15.00	2.46	1.47	0.82	-18.49	1.42
Net Debt to NOPAT	1.56	1.86	0.78	2.05	14.49	2.45	1.39	0.61	-17.00	1.37
Long-Term Debt to NOPAT	1.60	1.91	0.81	2.16	15.00	2.46	1.47	0.82	-18.49	1.42
Altman Z-Score	5.40	3.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	60.07%	67.08%	66.94%	64.58%	61.29%	56.95%	32.31%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.89	4.32	5.41	4.54	1.20	5.41	10.83	9.85	10.88	125.10
Quick Ratio	4.25	4.15	4.83	4.41	1.14	5.38	10.21	8.87	10.57	91.72
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-370	-466	806	-213	408	-905	-362	-211	-137	16
Operating Cash Flow to CapEx	101.81%	70.26%	0.00%	109.22%	725.73%	44.61%	39.80%	40.46%	33.36%	34.15%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.97
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.51
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-26.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.19	0.24	0.29	0.18	0.10	0.13	0.22	0.20	0.13	0.14
Accounts Receivable Turnover	5.89	8.28	11.07	10.02	4.97	5.55	8.95	8.76	7.55	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.20	0.25	0.31	0.19	0.10	0.15	0.24	0.23	0.14	0.16
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.33	0.47	47.09
Days Sales Outstanding (DSO)	61.98	44.08	32.96	36.43	73.45	65.76	40.81	41.66	48.32	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,096.39	784.97	7.75
Cash Conversion Cycle (CCC)	61.98	44.08	32.96	36.43	73.45	65.76	40.81	-1,054.73	-736.65	-7.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,963	3,915	2,880	2,970	2,397	2,769	1,625	983	659	529
Invested Capital Turnover	0.19	0.24	0.30	0.19	0.10	0.14	0.22	0.21	0.13	0.14
Increase / (Decrease) in Invested Capital	1,049	1,035	-90	573	-371	1,143	642	325	130	8.86
Enterprise Value (EV)	12,522	8,174	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Market Capitalization	9,245	5,274	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book Value per Share	$8.95	$5.70	$4.19	$10.30	$9.36	$14.86	$10.49	$8.03	$6.24	$6.21
Tangible Book Value per Share	$8.95	$5.70	$4.19	$10.30	$9.36	$14.86	$10.49	$8.03	$6.24	$6.21
Total Capital	4,990	3,941	2,898	3,010	2,416	2,772	1,648	1,007	668	530
Total Debt	1,083	1,083	577	777	556	587	411	94	121	35
Total Long-Term Debt	1,083	1,083	577	777	556	587	411	94	121	35
Net Debt	1,056	1,057	559	737	537	583	388	69	111	33
Capital Expenditures (CapEx)	609	908	-48	281	27	531	614	344	206	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	162	84	78	47	-10	56	37	26	12	9.76
Debt-free Net Working Capital (DFNWC)	189	110	97	87	9.10	59	59	50	21	11
Net Working Capital (NWC)	189	110	97	87	9.10	59	59	50	21	11
Net Nonoperating Expense (NNE)	75	67	61	103	230	17	17	2.34	4.38	-0.04
Net Nonoperating Obligations (NNO)	1,056	1,057	559	737	537	583	388	69	111	33
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.59	0.40	0.31
Debt-free, Cash-free Net Working Capital to Revenue	18.89%	10.20%	9.06%	9.36%	-4.00%	18.65%	12.65%	14.89%	14.59%	13.04%
Debt-free Net Working Capital to Revenue	22.01%	13.32%	11.16%	17.17%	3.63%	19.86%	20.51%	28.96%	26.86%	14.42%
Net Working Capital to Revenue	22.01%	13.32%	11.16%	17.17%	3.63%	19.86%	20.51%	28.96%	26.86%	14.42%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.82	$2.69	$2.00	$0.85	($2.84)	$0.75	$2.01	$1.07	($0.13)	$0.31
Adjusted Weighted Average Basic Shares Outstanding	93.93M	74.18M	75.61M	68.32M	67.69M	61.74M	71.55M	104.32M	83.08M	79.72M
Adjusted Diluted Earnings per Share	$3.82	$2.69	$2.00	$0.85	($2.84)	$0.75	$2.01	$1.07	($0.13)	$0.31
Adjusted Weighted Average Diluted Shares Outstanding	93.93M	74.18M	75.68M	68.39M	67.69M	61.79M	71.63M	104.38M	83.08M	79.73M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	219.14M	176.85M	75.61M	68.32M	67.69M	61.74M	71.55M	104.32M	83.08M	79.72M
Normalized Net Operating Profit after Tax (NOPAT)	396	568	476	359	85	135	142	80	27	19
Normalized NOPAT Margin	46.08%	68.64%	54.97%	71.19%	34.11%	45.42%	49.20%	46.31%	33.75%	25.99%
Pre Tax Income Margin	58.57%	66.12%	71.83%	51.14%	-20.33%	60.22%	65.96%	64.80%	-13.77%	32.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	21.96
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-16.56
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-17.60
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	79.69%	64.78%	63.65%	68.81%	-55.82%	108.62%	96.41%	117.40%	-594.77%	280.74%
Augmented Payout Ratio	79.69%	83.77%	86.65%	68.81%	-68.24%	108.62%	96.41%	117.79%	-599.78%	280.74%

This table displays calculated financial ratios and metrics derived from Viper Energy's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	19.51%	11.72%	-28.53%	34.78%	21.56%	0.53%	32.32%	-32.82%	-16.32%	22.82%	73.13%
EBITDA Growth	41.67%	0.98%	-40.44%	54.67%	22.67%	-7.66%	37.63%	-46.96%	-23.49%	25.55%	110.97%
EBIT Growth	41.67%	0.98%	-40.44%	54.67%	22.67%	-7.66%	37.63%	-46.96%	-23.49%	25.55%	110.97%
NOPAT Growth	10.93%	120.12%	-46.68%	32.44%	11.63%	-11.37%	-1.32%	-44.56%	-28.90%	22.43%	144.13%
Net Income Growth	54.55%	116.63%	-47.38%	52.91%	12.81%	-13.30%	-1.38%	-53.43%	-31.06%	24.14%	186.07%
EPS Growth	26.53%	217.39%	-53.15%	47.62%	4.26%	146.43%	4.72%	-4.55%	113.64%	-50.88%	307.69%
Operating Cash Flow Growth	74.78%	8.31%	-15.33%	-1.47%	7.65%	-21.85%	11.91%	-10.88%	-21.05%	73.63%	206.07%
Free Cash Flow Firm Growth	-80.67%	16.66%	-517.83%	-751.08%	-1,427.10%	-468.70%	163.59%	128.55%	115.43%	154.48%	-235.76%
Invested Capital Growth	41.83%	26.79%	35.32%	31.26%	32.20%	35.92%	-0.05%	-0.62%	1.62%	-3.03%	23.97%
Revenue Q/Q Growth	7.13%	9.12%	-3.29%	5.51%	0.33%	-30.19%	82.38%	-4.84%	-17.02%	-8.12%	-7.40%
EBITDA Q/Q Growth	25.32%	4.36%	-7.10%	16.86%	-11.64%	-38.45%	141.27%	-7.32%	-33.08%	-8.26%	-7.02%
EBIT Q/Q Growth	25.32%	4.36%	-7.10%	16.86%	-11.64%	-38.45%	141.27%	-7.32%	-33.08%	-8.26%	-7.02%
NOPAT Q/Q Growth	-54.57%	156.17%	-12.78%	8.81%	-9.45%	-37.94%	116.62%	-8.29%	-28.11%	-30.91%	21.70%
Net Income Q/Q Growth	-43.92%	150.17%	-10.78%	22.75%	-20.93%	-39.23%	159.24%	-9.44%	-39.23%	-30.87%	22.42%
EPS Q/Q Growth	-71.69%	321.15%	-16.13%	26.53%	-28.99%	-37.84%	164.29%	-10.64%	67.86%	-73.58%	140.91%
Operating Cash Flow Q/Q Growth	27.29%	-22.20%	41.66%	24.12%	-20.82%	-39.18%	64.85%	35.60%	-42.51%	-12.91%	31.28%
Free Cash Flow Firm Q/Q Growth	-101.85%	18.97%	-18.54%	6.75%	6.95%	-506.26%	84.71%	90.06%	-74.15%	170.07%	17.05%
Invested Capital Q/Q Growth	12.52%	24.45%	3.97%	-2.58%	0.59%	32.82%	0.85%	-1.88%	3.41%	-2.33%	0.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	76.33%	65.24%	68.22%	71.02%	64.12%	72.18%	81.87%	61.88%	63.54%	78.59%	78.71%
Operating Margin	63.27%	62.68%	64.68%	68.55%	67.64%	69.86%	82.80%	69.72%	72.40%	78.08%	78.23%
EBIT Margin	76.33%	65.24%	68.22%	71.02%	64.12%	72.18%	81.87%	61.88%	63.54%	78.59%	78.71%
Profit (Net Income) Margin	62.45%	119.28%	52.03%	56.40%	48.48%	61.52%	70.66%	49.71%	52.24%	71.33%	94.80%
Tax Burden Percent	87.93%	209.27%	86.38%	90.38%	88.82%	95.30%	90.45%	90.44%	90.37%	96.71%	128.35%
Interest Burden Percent	93.05%	87.36%	88.29%	87.87%	85.13%	89.43%	95.43%	88.82%	90.98%	93.85%	93.85%
Effective Tax Rate	12.07%	-109.27%	13.62%	9.62%	11.18%	4.70%	9.55%	9.56%	9.63%	3.29%	-28.35%
Return on Invested Capital (ROIC)	10.52%	25.42%	13.48%	16.87%	15.01%	16.22%	21.00%	16.24%	18.46%	22.37%	31.24%
ROIC Less NNEP Spread (ROIC-NNEP)	13.02%	22.85%	12.11%	15.36%	12.31%	14.94%	18.91%	12.95%	15.21%	21.05%	29.13%
Return on Net Nonoperating Assets (RNNOA)	2.12%	7.14%	2.49%	4.76%	4.20%	4.66%	4.77%	3.71%	4.61%	5.99%	8.30%
Return on Equity (ROE)	12.64%	32.56%	15.96%	21.63%	19.21%	20.88%	25.76%	19.95%	23.07%	28.36%	39.53%
Cash Return on Invested Capital (CROIC)	-20.38%	-8.34%	-15.27%	-8.87%	-10.93%	-13.73%	19.92%	20.87%	21.15%	27.56%	4.43%
Operating Return on Assets (OROA)	13.41%	12.42%	15.53%	19.03%	15.76%	17.33%	22.08%	15.73%	17.59%	22.87%	23.85%
Return on Assets (ROA)	10.97%	22.70%	11.84%	15.11%	11.91%	14.77%	19.06%	12.64%	14.46%	20.76%	28.73%
Return on Common Equity (ROCE)	5.80%	13.00%	5.87%	7.36%	6.51%	6.87%	7.87%	6.14%	7.31%	9.37%	12.46%
Return on Equity Simple (ROE_SIMPLE)	24.59%	0.00%	32.60%	50.92%	47.49%	0.00%	72.91%	78.50%	92.14%	0.00%	86.58%
Net Operating Profit after Tax (NOPAT)	136	300	117	134	123	136	220	101	111	154	223
NOPAT Margin	55.63%	131.17%	55.87%	61.96%	60.08%	66.57%	74.89%	63.05%	65.42%	75.51%	100.41%
Net Nonoperating Expense Percent (NNEP)	-2.50%	2.57%	1.36%	1.51%	2.71%	1.28%	2.09%	3.28%	3.24%	1.31%	2.11%
Return On Investment Capital (ROIC_SIMPLE)	2.22%	6.01%	-	-	-	3.46%	-	-	-	5.30%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	2.45%	1.88%	2.20%	2.12%	2.50%	1.93%	0.64%	1.25%	1.64%	1.26%	0.97%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.73%	37.32%	35.32%	31.45%	32.36%	30.14%	17.20%	30.28%	27.60%	22.00%	21.77%
Earnings before Interest and Taxes (EBIT)	187	149	143	154	132	148	240	100	107	160	174
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	187	149	143	154	132	148	240	100	107	160	174
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.70	5.48	5.70	6.01	6.15	5.20	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	3.70	5.48	5.70	6.01	6.15	5.20	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	10.99	10.75	9.54	7.12	7.68	6.37	0.00	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	25.29	25.74	38.70	27.76	31.70	26.36	0.00	0.00	0.00	0.00	0.00
Dividend Yield	5.52%	4.34%	3.97%	3.11%	1.50%	0.91%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.95%	3.89%	2.58%	3.60%	3.15%	3.79%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.29	2.52	2.65	2.42	2.41	2.09	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	14.22	14.55	12.63	10.10	10.99	9.88	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	20.24	21.67	18.29	13.77	15.31	13.75	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	20.24	21.67	18.29	13.77	15.31	13.75	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	18.92	18.46	20.67	15.14	16.34	14.39	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.15	20.21	17.39	14.43	14.70	12.81	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.15	0.28	0.25	0.35	0.38	0.38	0.28	0.28	0.30	0.25	0.29
Long-Term Debt to Equity	0.15	0.28	0.25	0.35	0.38	0.38	0.28	0.28	0.30	0.25	0.29
Financial Leverage	0.16	0.31	0.21	0.31	0.34	0.31	0.25	0.29	0.30	0.28	0.28
Leverage Ratio	1.25	1.34	1.28	1.33	1.36	1.33	1.30	1.30	1.33	1.31	1.32
Compound Leverage Factor	1.17	1.17	1.13	1.17	1.16	1.19	1.24	1.16	1.21	1.23	1.24
Debt to Total Capital	13.38%	21.70%	19.76%	25.78%	27.63%	27.49%	21.84%	22.12%	23.27%	19.90%	22.62%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	13.38%	21.70%	19.76%	25.78%	27.63%	27.49%	21.84%	22.12%	23.27%	19.90%	22.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	43.11%	44.49%	46.54%	46.07%	45.09%	46.78%	55.09%	55.16%	54.38%	56.27%	52.93%
Common Equity to Total Capital	43.52%	33.81%	33.70%	28.15%	27.28%	25.74%	23.08%	22.72%	22.35%	23.83%	24.45%
Debt to EBITDA	1.30	1.87	1.42	1.48	1.76	1.82	1.11	1.20	1.10	0.87	1.06
Net Debt to EBITDA	0.41	1.83	1.13	1.43	1.73	1.78	0.87	1.17	1.09	0.84	1.04
Long-Term Debt to EBITDA	1.30	1.87	1.42	1.48	1.76	1.82	1.11	1.20	1.10	0.87	1.06
Debt to NOPAT	1.21	1.60	1.61	1.63	1.88	1.91	1.15	1.09	1.03	0.81	0.97
Net Debt to NOPAT	0.39	1.56	1.28	1.57	1.85	1.86	0.90	1.07	1.02	0.78	0.96
Long-Term Debt to NOPAT	1.21	1.60	1.61	1.63	1.88	1.91	1.15	1.09	1.03	0.81	0.97
Altman Z-Score	6.89	5.12	5.88	4.24	3.83	3.19	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	54.15%	60.07%	63.24%	65.95%	66.12%	67.08%	69.47%	69.22%	68.29%	66.94%	68.49%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	8.70	4.89	7.24	7.06	3.46	4.32	5.52	3.77	4.48	5.41	4.96
Quick Ratio	8.21	4.25	7.09	6.94	3.37	4.15	5.43	3.50	3.10	4.83	4.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,511	-749	-924	-779	-836	-898	221	120	63	244	-348
Operating Cash Flow to CapEx	41.36%	37.14%	82.90%	0.00%	567.42%	19.93%	458.44%	1,846.91%	91.99%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.18	0.19	0.23	0.27	0.25	0.24	0.27	0.25	0.28	0.29	0.30
Accounts Receivable Turnover	5.11	5.89	6.53	7.31	6.96	8.28	8.05	7.27	9.18	11.07	10.14
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.21	0.20	0.26	0.29	0.26	0.25	0.30	0.27	0.29	0.31	0.32
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	71.37	61.98	55.88	49.96	52.41	44.08	45.36	50.18	39.75	32.96	35.98
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	71.37	61.98	55.88	49.96	52.41	44.08	45.36	50.18	39.75	32.96	35.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,585	4,963	3,988	3,836	3,938	3,915	2,947	2,923	2,978	2,880	2,949
Invested Capital Turnover	0.19	0.19	0.24	0.27	0.25	0.24	0.28	0.26	0.28	0.30	0.31
Increase / (Decrease) in Invested Capital	1,647	1,049	1,041	914	959	1,035	-1.49	-18	48	-90	570
Enterprise Value (EV)	12,805	12,522	10,566	9,293	9,499	8,174	0.00	0.00	0.00	0.00	0.00
Market Capitalization	9,894	9,245	7,979	6,547	6,641	5,274	0.00	0.00	0.00	0.00	0.00
Book Value per Share	$12.20	$8.95	$7.92	$6.16	$12.33	$5.70	$4.42	$4.10	$9.19	$4.19	$4.36
Tangible Book Value per Share	$12.20	$8.95	$7.92	$6.16	$12.33	$5.70	$4.42	$4.10	$9.19	$4.19	$4.36
Total Capital	6,145	4,990	4,157	3,871	3,958	3,941	3,094	2,936	2,988	2,898	2,961
Total Debt	822	1,083	822	998	1,094	1,083	676	649	695	577	670
Total Long-Term Debt	822	1,083	822	998	1,094	1,083	676	649	695	577	670
Net Debt	262	1,056	653	963	1,074	1,057	529	636	686	559	658
Capital Expenditures (CapEx)	486	425	245	-82	20	732	52	7.87	117	-54	-29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	141	162	107	141	115	84	68	65	94	78	88
Debt-free Net Working Capital (DFNWC)	701	189	276	176	135	110	215	78	103	97	99
Net Working Capital (NWC)	701	189	276	176	135	110	215	78	103	97	99
Net Nonoperating Expense (NNE)	-17	27	8.06	12	24	10	12	21	22	8.52	12
Net Nonoperating Obligations (NNO)	262	1,056	653	963	1,074	1,057	529	636	686	559	658
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	15.66%	18.89%	12.83%	15.33%	13.30%	10.20%	8.21%	8.56%	11.32%	9.06%	10.57%
Debt-free Net Working Capital to Revenue	77.86%	22.01%	33.00%	19.16%	15.62%	13.32%	25.97%	10.29%	12.42%	11.16%	11.97%
Net Working Capital to Revenue	77.86%	22.01%	33.00%	19.16%	15.62%	13.32%	25.97%	10.29%	12.42%	11.16%	11.97%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.62	$2.19	$0.52	$0.62	$0.49	$0.69	$1.11	$0.42	$0.47	$0.28	$1.06
Adjusted Weighted Average Basic Shares Outstanding	120.93M	93.93M	93.70M	91.42M	87.54M	74.18M	70.93M	71.77M	72.73M	75.61M	74.94M
Adjusted Diluted Earnings per Share	$0.62	$2.19	$0.52	$0.62	$0.49	$0.69	$1.11	$0.42	$0.47	$0.28	$1.06
Adjusted Weighted Average Diluted Shares Outstanding	121.03M	93.93M	93.75M	91.42M	87.63M	74.18M	70.93M	71.77M	72.82M	75.68M	74.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	288.54M	219.14M	188.41M	176.88M	176.86M	176.85M	70.93M	71.77M	72.73M	75.61M	74.94M
Normalized Net Operating Profit after Tax (NOPAT)	136	100	117	134	123	136	220	101	111	154	121
Normalized NOPAT Margin	55.63%	43.88%	55.87%	61.96%	60.08%	66.57%	74.89%	63.05%	65.42%	75.51%	54.76%
Pre Tax Income Margin	71.02%	57.00%	60.23%	62.40%	54.58%	64.55%	78.12%	54.97%	57.81%	73.76%	73.86%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	79.53%	79.69%	100.93%	72.61%	68.46%	64.78%	56.73%	70.57%	68.71%	63.65%	63.55%
Augmented Payout Ratio	79.53%	79.69%	100.93%	72.61%	68.46%	83.77%	56.73%	70.57%	68.71%	86.65%	63.55%

Frequently Asked Questions About Viper Energy's Financials

When does Viper Energy's financial year end?

According to the most recent income statement we have on file, Viper Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Viper Energy's net income changed over the last 9 years?

Viper Energy's net income appears to be on an upward trend, with a most recent value of $603.65 million in 2024, rising from $24.42 million in 2015. The previous period was $501.34 million in 2023. See where experts think Viper Energy is headed by visiting Viper Energy's forecast page.

What is Viper Energy's operating income?

Viper Energy's total operating income in 2024 was $566.40 million, based on the following breakdown:

Total Gross Profit: $860.39 million
Total Operating Expenses: $293.99 million

How has Viper Energy revenue changed over the last 9 years?

Over the last 9 years, Viper Energy's total revenue changed from $74.86 million in 2015 to $860.39 million in 2024, a change of 1,049.3%.

How much debt does Viper Energy have?

Viper Energy's total liabilities were at $1.16 billion at the end of 2024, a 4.1% increase from 2023, and a 3,259.1% increase since 2015.

How much cash does Viper Energy have?

In the past 9 years, Viper Energy's cash and equivalents has ranged from $539 thousand in 2015 to $39.45 million in 2021, and is currently $26.85 million as of their latest financial filing in 2024.

How has Viper Energy's book value per share changed over the last 9 years?

Over the last 9 years, Viper Energy's book value per share changed from 6.21 in 2015 to 8.95 in 2024, a change of 44.2%.

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This page (NASDAQ:VNOM) was last updated on 5/21/2025 by MarketBeat.com Staff

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Viper Energy (VNOM) Financials

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Viper Energy (VNOM) Financials

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