Viper Energy Ut (VNOM)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 503,935 | 547,293 | 622,351 | 258,198 | -50,947 |
| Revenue | US$ in thousands | 859,747 | 826,788 | 865,767 | 504,297 | 249,566 |
| Pretax margin | 58.61% | 66.20% | 71.88% | 51.20% | -20.41% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $503,935K ÷ $859,747K
= 58.61%
The pretax margin of Viper Energy Ut has exhibited a notable fluctuation over the past five years. Starting at a negative figure of -20.41% in December 31, 2020, the company managed to significantly improve its performance, achieving a substantial pretax margin of 51.20% by December 31, 2021. This positive trend continued in the subsequent years, with the pretax margin reaching 71.88% by December 31, 2022, and peaking at 66.20% by December 31, 2023.
However, there was a slight drop in the pretax margin to 58.61% by December 31, 2024. Despite this decrease, the company has maintained a relatively strong performance in terms of generating profits before taxes. It is important to further analyze the underlying factors contributing to these fluctuations in the pretax margin to assess the company's overall financial health and profitability.
Peer comparison
Dec 31, 2024