Viper Energy Ut (VNOM)

Net profit margin

		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	Dec 31, 2019
Net income (ttm)	US$ in thousands	206,150	235,832	209,481	200,088	164,822	165,563	169,035	151,673	169,432	106,924	77,564	57,939	-9,145	-26,741	-53,155	-192,304	-162,394	-153,684	-129,667	46,281
Revenue (ttm)	US$ in thousands	836,400	920,052	864,131	827,697	826,610	754,987	833,522	866,467	828,629	735,016	609,844	504,917	415,453	350,391	268,910	250,626	267,014	275,860	315,385	298,283
Net profit margin		24.65%	25.63%	24.24%	24.17%	19.94%	21.93%	20.28%	17.50%	20.45%	14.55%	12.72%	11.47%	-2.20%	-7.63%	-19.77%	-76.73%	-60.82%	-55.71%	-41.11%	15.52%

September 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $206,150K ÷ $836,400K
= 24.65%

The net profit margin of Viper Energy Ut has varied significantly over the historical periods provided. From Sep 30, 2024, to Mar 31, 2024, the company maintained a relatively stable net profit margin, ranging from 24.24% to 25.63%. This indicates consistent profitability relative to its revenue during this period.

Looking further back, the net profit margin showed fluctuations, with Sep 30, 2023, displaying a high margin of 19.94% and subsequent quarters experiencing improvements until Mar 31, 2023, where the margin reached 20.28%.

In contrast, profitability dipped in Dec 31, 2022, with a net profit margin of 17.50%, followed by a recovery in Mar 31, 2022, at 12.72%. The margins then declined in subsequent quarters before turning negative in Sep 30, 2021, and Jun 30, 2021.

The negative margins in the latter part of 2021 and early 2020, particularly in Dec 31, 2020, and Mar 31, 2021, indicate a period of financial challenges for Viper Energy Ut. However, there seems to have been a significant turnaround, with positive margins of 15.52% in Dec 31, 2019.

Overall, Viper Energy Ut's net profit margin has shown a mix of positive and negative trends, highlighting periods of both strength and weakness in its profitability performance.