Viper Energy (VNOM) Stock Analysis

November 11, 2026

This is a peer-relative look at Viper Energy (VNOM): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Energy peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Viper Energy (VNOM)
Profile Item	VNOM
Name	Viper Energy, Inc.
Country/Region	United States
GICS Sector	Energy
GICS Industry Group	Energy
GICS Industry	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Exploration & Production
Market Capitalization	21.21 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	June 18, 2014
Security Type	Common Stock

Price Performance

Cumulative Growth

VNOM

GSPC

Viper Energy (VNOM) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Viper Energy (VNOM) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Viper Energy (VNOM) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Viper Energy (VNOM) metric values compared with Energy industry-group medians
Metric	Current stock: VNOM	Industry group median
Total Return (1Y)	12.89%	32.08%
Total Return (3Y, Annualized)	17.78%	14.39%
Total Return (5Y, Annualized)	18.74%	15.43%

Risk Profile

Drawdown History

VNOM

GSPC

Viper Energy (VNOM) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Viper Energy (VNOM) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Viper Energy (VNOM) metric values compared with Energy industry-group medians
Metric	Current stock: VNOM	Industry group median
Volatility (1Y, Annualized)	29.71%	41.29%
Beta (5Y)	0.54	0.66
Max Drawdown (5Y)	-34.46%	-52.09%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. VNOM is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Viper Energy (VNOM) metric values compared with Energy industry-group medians
Metric	Current stock: VNOM	Industry group median
Sharpe Ratio (1Y)	0.29	0.67
Sortino Ratio (1Y)	0.40	1.01

Profitability

ROE (TTM)

Viper Energy (VNOM) posts ROE of 5.60%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

VNOM

Energy industry group

5.60%

Group distribution

Max: 53.85%
Q3: 24.79%
Median: 12.85%
VNOM: 5.60%
Q1: 2.03%
Min: -29.09%

Largest peers

PBR: 30.27%
TTE: 17.83%
COP: 17.66%
SHEL: 17.43%
XOM: 15.53%
CVX: 13.85%
VNOM: 5.60%

Where Viper Energy (VNOM) stands on ROE within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Viper Energy (VNOM) keeps 12.77% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

VNOM

Energy industry group

12.77%

Group distribution

Max: 56.92%
Q3: 22.92%
VNOM: 12.77%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Largest peers

PBR: 24.32%
COP: 16.76%
VNOM: 12.77%
CVX: 11.92%
XOM: 10.46%
TTE: 10.46%
SHEL: 10.18%

Where Viper Energy (VNOM) stands on net margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Viper Energy (VNOM) turns 58.79% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

VNOM

Energy industry group

58.79%

Group distribution

Max: 71.31%
VNOM: 58.79%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Largest peers

VNOM: 58.79%
PBR: 44.68%
COP: 30.05%
TTE: 24.51%
SHEL: 18.76%
CVX: 17.89%
XOM: 16.98%

Where Viper Energy (VNOM) stands on operating margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Viper Energy (VNOM) metric values compared with Energy industry-group medians
Metric	Current stock: VNOM	Industry group median
ROE (TTM)	5.60%	12.85%
ROA (TTM)	5.83%	5.49%
Net Margin (TTM)	12.77%	10.10%
Operating Margin (TTM)	58.79%	18.73%
Gross Margin (TTM)	100.00%	44.52%

Growth

Revenue Growth

Viper Energy (VNOM) grew revenue 62.09%, above the industry benchmark range. Demand is expanding faster than at any typical peer, though growth that far ahead of the group is worth checking for acquisitions or other one-off contributions.

Viper Energy (VNOM): Revenue Growth across different time periods, set against Energy industry-group medians.

EPS Growth

Viper Energy (VNOM) grew earnings per share -112.57%, in the lower peer quartile. Per-share profits are advancing more slowly than at most peers, so margins, costs, or share count deserve a closer look.

Viper Energy (VNOM): EPS Growth across different time periods, set against Energy industry-group medians.

Growth Metrics

Viper Energy (VNOM) metric values compared with Energy industry-group medians
Metric	Current stock: VNOM	Industry group median
Revenue Growth (YoY)	62.09%	0.51%
Revenue Growth (3Y CAGR)	17.21%	0.37%
EPS Growth (YoY)	-112.57%	-11.75%
EPS Growth (3Y CAGR)	--	-12.07%

Financial Strength

Current Ratio (MRQ)

Viper Energy (VNOM) has current ratio of 5.92, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

VNOM

Energy industry group

5.92

Group distribution

VNOM: 5.92
Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
Min: 0.24

Largest peers

VNOM: 5.92
COP: 1.52
SHEL: 1.38
CVX: 1.34
XOM: 1.19
TTE: 1.11
PBR: 0.85

Where Viper Energy (VNOM) stands on current ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Viper Energy (VNOM) has debt-to-equity ratio of 0.23, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

VNOM

Energy industry group

0.23

Group distribution

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
VNOM: 0.23
Min: 0.00

Largest peers

PBR: 0.76
TTE: 0.46
SHEL: 0.38
COP: 0.35
VNOM: 0.23
CVX: 0.17
XOM: 0.13

Where Viper Energy (VNOM) stands on debt-to-equity ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Viper Energy (VNOM) metric values compared with Energy industry-group medians
Metric	Current stock: VNOM	Industry group median
Current Ratio (MRQ)	5.92	1.41
Debt / Equity (MRQ)	0.23	0.54
Net Debt / EBITDA	1.14	1.13

Dividends

Dividend Yield (TTM)

Viper Energy (VNOM) has dividend yield of 5.97%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

VNOM

Energy industry group

5.97%

Group distribution

Max: 8.57%
VNOM: 5.97%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Largest peers

PBR: 19.51%
VNOM: 5.97%
TTE: 4.58%
CVX: 3.31%
XOM: 2.49%
COP: 2.48%
SHEL: 1.54%

Where Viper Energy (VNOM) stands on dividend yield within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Viper Energy (VNOM) has payout ratio of 194.44%, meaning dividends exceeded current-period earnings. The gap would need to be covered by cash, retained earnings, financing, or other sources, so earnings alone do not support the payout.

VNOM

Energy industry group

194.44%

Group distribution

VNOM: 194.44%
Max: 133.24%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Largest peers

VNOM: 194.44%
CVX: 51.76%
XOM: 42.39%
TTE: 39.93%
COP: 35.41%
PBR: 28.93%
SHEL: 26.24%

Where Viper Energy (VNOM) stands on payout ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Viper Energy (VNOM) metric values compared with Energy industry-group medians
Metric	Current stock: VNOM	Industry group median
Dividend Yield (TTM)	5.97%	1.71%
Dividend Payout Ratio (TTM)	194.44%	25.24%

Valuation

P/E Ratio (TTM)

Viper Energy (VNOM) trades at P/E ratio of 32.24, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

VNOM

Energy industry group

32.24

Group distribution

Max: 39.54
VNOM: 32.24
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

Largest peers

VNOM: 32.24
XOM: 17.06
CVX: 15.61
COP: 14.36
TTE: 8.76
SHEL: 8.60
PBR: 4.68

Where Viper Energy (VNOM) stands on P/E ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Viper Energy (VNOM) trades at 9.82 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

VNOM

Energy industry group

9.82

Group distribution

VNOM: 9.82
Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

Largest peers

VNOM: 9.82
COP: 2.34
CVX: 1.83
XOM: 1.74
TTE: 0.90
SHEL: 0.87
PBR: 0.22

Where Viper Energy (VNOM) stands on P/S ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Viper Energy (VNOM) trades at 1.53 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

VNOM

Energy industry group

1.53

Group distribution

Max: 4.21
Q3: 2.38
VNOM: 1.53
Median: 1.51
Q1: 1.08
Min: 0.01

Largest peers

XOM: 2.55
COP: 2.44
CVX: 2.13
VNOM: 1.53
TTE: 1.46
SHEL: 1.43
PBR: 1.25

Where Viper Energy (VNOM) stands on P/B ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Viper Energy (VNOM) metric values compared with Energy industry-group medians
Metric	Current stock: VNOM	Industry group median
P/E Ratio (TTM)	32.24	12.19
P/S Ratio (TTM)	9.82	1.69
P/B Ratio (MRQ)	1.53	1.51
Free Cash Flow Yield (TTM)	3.67%	5.94%