Viper Energy Ut (VNOM)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	200,088	151,673	57,939	-192,304	46,281
Revenue	US$ in thousands	827,697	866,467	504,917	250,626	298,283
Net profit margin		24.17%	17.50%	11.47%	-76.73%	15.52%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $200,088K ÷ $827,697K
= 24.17%

The net profit margin of Viper Energy Ut has exhibited a fluctuating trend over the past five years. In 2023, the net profit margin improved significantly to 24.17%, reflecting a strong profitability in relation to its revenue. This indicates that the company effectively managed its expenses and generated higher net income compared to the previous years. In 2022 and 2021, the net profit margin also showed positive results at 17.50% and 11.47% respectively, demonstrating a consistent improvement in profitability over these periods.

However, in 2020, Viper Energy Ut experienced a significant decline in net profit margin to -76.73%, indicating that the company incurred a net loss during that year. This negative performance could be attributed to various factors such as economic downturn, one-time expenses, or other exceptional circumstances impacting the company's financial results adversely. Despite this setback, the company managed to rebound in 2019 with a net profit margin of 15.52%, showcasing a recovery in profitability.

Overall, the recent performance of Viper Energy Ut in terms of net profit margin reflects a positive trajectory, with 2023 showing a notable improvement from the previous years. It is important for investors and stakeholders to monitor this metric closely to gauge the company's financial health and operational efficiency.