Viper Energy Ut (VNOM)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	359,245	206,150	235,832	209,481	200,088	288,357	288,925	292,284	386,358	280,582	218,185	188,883	57,822	-9,262	-26,796	-53,155	-192,304	-162,394	-153,711	-129,715
Revenue (ttm)	US$ in thousands	857,231	833,288	918,177	863,299	826,788	825,642	754,001	832,552	865,767	827,982	734,448	609,231	504,297	414,675	349,427	267,952	249,566	265,913	275,067	314,791
Net profit margin		41.91%	24.74%	25.68%	24.27%	24.20%	34.93%	38.32%	35.11%	44.63%	33.89%	29.71%	31.00%	11.47%	-2.23%	-7.67%	-19.84%	-77.06%	-61.07%	-55.88%	-41.21%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $359,245K ÷ $857,231K
= 41.91%

The net profit margin of Viper Energy Ut has shown significant fluctuations over the past few years, starting with negative margins in the range of -41.21% to -77.06% in 2020. The negative margins indicated that the company was experiencing losses relative to its revenue during that period. However, there was a noticeable improvement in the net profit margin in the subsequent quarters, with the margin improving to -2.23% by September 2021.

The trend continued to improve in the following quarters, with the net profit margin turning positive by December 2021 at 11.47%. This marked a significant turnaround for the company, showing that it was able to generate profits relative to its revenue. The positive trend continued into 2022 and 2023, with the net profit margin ranging between 24.20% and 44.63%.

By the end of 2024, the net profit margin reached 41.91%, indicating that Viper Energy Ut was effectively converting revenue into profits at a healthy rate. Overall, the trend in net profit margin shows a transition from significant losses to consistent profitability, reflecting the company's improved financial performance and operational efficiency over the years.