Viper Energy Ut (VNOM)

Operating 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
Operating income (ttm)	US$ in thousands	564,850	564,511	671,737	636,500	620,219	636,200	566,786	644,133	680,482	647,706	566,604	457,021	361,572	206,637	145,661	70,897	52,914	139,044	154,297	198,773
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
Operating profit margin		65.89%	67.75%	73.16%	73.73%	75.02%	77.06%	75.17%	77.37%	78.60%	78.23%	77.15%	75.02%	71.70%	49.83%	41.69%	26.46%	21.20%	52.29%	56.09%	63.14%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $564,850K ÷ $857,231K
= 65.89%

The operating profit margin of Viper Energy Ut has exhibited fluctuations over the analyzed periods. Starting at a robust 63.14% on March 31, 2020, the margin declined to 21.20% by the end of December 31, 2020, indicating a significant decrease in profitability. However, the margin saw an upward trend in the following periods, reaching a peak of 78.60% on December 31, 2022.

From there, the operating profit margin experienced some variability but generally remained at high levels, hovering around the mid-70% range. This suggests that the company has been able to effectively manage its operating expenses relative to its revenue during most of the periods, maintaining strong profitability.

Overall, the operating profit margin of Viper Energy Ut has shown resilience and an ability to generate healthy profits, with fluctuations observed but generally remaining at elevated levels. It indicates the company's efficiency in controlling production costs and operating expenses to ensure profitability in the business operations.