Viper Energy Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Viper Energy Inc (VNOM) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Viper Energy Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 2,041M vs 1,017,841M combined for its competitors (0.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+32.7% annualized vs trailing 12 months), vs accelerating (+19.9%) for its tracked peer group.
- Growth: Viper Energy Inc generated 128.0% revenue growth year over year in Q2 2026, vs 41.3% for its competitors combined.
- Profitability: Its 48.9% net margin compares with 17.7% for the peer group.
- Scale: Viper Energy Inc ranks #25 of 133 companies by market capitalization in the Oil And Gas Production industry, holding 0.5% of industry market cap.
- Peer revenue share: Viper Energy Inc accounted for 0.2% of combined revenue among its tracked peer group, up from 0.1% a year earlier.
- Peer differentiation: Revenue per employee of $127.56M compares with $5.21M for the peer group (24.5x).
- Structure: Viper Energy Inc operates in the following segments: Third Party Operated Properties, Diamondback Operated Properties; and reports the following subsidiaries: Sitio Royalties Corp (competes with Kimbell Royalty Partners lp, Phx Minerals Inc ).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
VNOM Sales vs. its Competitors, Q2 2026
Viper Energy Inc reported revenue growth of 127.95 % year on year in Q2 2026, above its competitors' combined revenue growth of 41.30 %.
With a net margin of 48.89 %, Viper Energy Inc achieved higher profitability than its competitors (17.72 %).
Viper Energy Inc generated 0.22 % of the combined sales of its peer group, up from 0.14 % a year earlier.
Viper Energy Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Viper Energy Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Viper Energy Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Viper Energy Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Viper Energy Inc's competitor groups requires a Commercial License.
For context: the Oil And Gas Production industry grew revenue 3.2% year over year, combined, vs 128.0% for Viper Energy Inc. Viper Energy Inc's share of combined industry revenue moved from 0.02% to 0.05%, a gain of 0.03 percentage points.
Viper Energy Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Viper Energy Inc | Yes | Yes | Yes | No |
| Competitors combined (94) | ||||
| High-Confidence Competitors (1) | - | - | ||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
VNOM Stock Performance relative to its Competitors
VNOM Stock Performance relative to High-Confidence Competitors
VNOM Stock Performance relative to Similar-Size Competitors
VNOM Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Sharkninja Inc | 282.9% | Outperformed |
| 2 | Gran Tierra Energy Inc | 282.9% | Outperformed |
| 3 | Calumet Inc | 282.9% | Outperformed |
| 4 | Apa Corporation | 282.9% | Outperformed |
| 5 | Laredo Oil Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Viper Energy Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Viper Energy Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Viper Energy Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Viper Energy Inc |
7,691.20 | 2,041.00 |
 Exxon Mobil Corporation |
684,383.40 | 396,627.00 |
 Chevron Corp |
420,555.27 | 215,261.00 |
 Shell Plc |
297,786.92 | 266,886.00 |
 Totalenergies Se |
195,834.46 | 162,863.00 |
 Conocophillips |
164,482.98 | 63,345.00 |
| SUBTOTAL | 2,670,738.84 | 1,770,716.08 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Viper Energy Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Viper Energy Inc's Competitors Named by the Company
Competitive relationships identified from Viper Energy Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Securetech Innovations Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Viper Energy Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Viper Energy Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Viper Energy Inc | Third Party Operated Properties 49.12 % |
| Chevron Corp | Reportable Segment, Aggregation before Other Operating 99.73 % |
| Williams companies inc | Transmission, Power & Gulf 47.62 % |
| Eog Resources Inc | United States of America 98.40 % |
| Imperial Oil Limited | Upstream 43.74 % |
| Occidental Petroleum Corporation | Oil and gas 95.12 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Viper Energy Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Viper Energy Inc | 7,691 | 127,562,500 | 6,437,500 |
| Exxon Mobil Corporation | 684,383 | 6,838,397 | 707,224 |
| Chevron Corp | 420,555 | 5,001,533 | 487,116 |
| Shell Plc | 297,787 | 3,139,835 | 213,165 |
| Totalenergies Se | 195,834 | 17,683,279 | 1,450,271 |
| Conocophillips | 164,483 | 6,398,485 | 936,263 |
| PEERS TOTAL | 2,663,048 | 5,208,113 | 484,064 |
Viper Energy Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Occidental Petroleum Corporation | Non-US 20.75 % |
| Sharkninja Inc | North America 66.47 % |
| Sm Energy Co | Permian Basin 50.83 % |
| Granite Ridge Resources Inc | Permian 67.87 % |
| Us Energy Corp | Rockies 84.98 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Viper Energy Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 112 companies in Viper Energy Inc's industry classification, broader than the peer set above. Market cap in millions of $.Viper Energy Inc ranks #25 of 112 companies by market capitalization in its industry, holding 0.48 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 786, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Shell Plc | 307,651 | 18.52 % |
| 2 | Totalenergies Se | 218,477 | 13.15 % |
| 3 | Petrobras Petroleo Brasileiro Sa | 146,054 | 8.79 % |
| 4 | Canadian Natural Resources Limited | 110,457 | 6.65 % |
| 5 | Eni Spa | 1,234 | 5.2% |
| 6 | Eog Resources Inc | 1,234 | 5.2% |
| 7 | Slb Limited | 1,234 | 5.2% |
| 8 | Occidental Petroleum Corporation | 1,234 | 5.2% |
| 9 | Diamondback Energy Inc | 1,234 | 5.2% |
| 10 | Cenovus Energy Inc | 1,234 | 5.2% |
| 25 | Viper Energy Inc | 8,025 | 0.48 % |
Market cap and industry share for the rest of Viper Energy Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-05.
Viper Energy Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 20 | Ovintiv Inc | 17,942 | 70.68 % |
| 21 | Apa Corporation | 15,870 | 102.94 % |
| 22 | Range Resources Corporation | 12,453 | 42.37 % |
| 23 | Antero Resources Corporation | 11,854 | 15.88 % |
| 24 | Sasol Limited | 1,234 | 12.3% |
| 25 | Viper Energy Inc | 8,025 | 12.87 % |
| 26 | Chord Energy Corporation | 1,234 | 12.3% |
| 27 | Sm Energy Co | 1,234 | 12.3% |
| 28 | Matador Resources Company | 1,234 | 12.3% |
| 29 | Cnx Resources Corporation | 1,234 | 12.3% |
| 30 | Murphy Oil Corporation | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Viper Energy Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-05. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Viper Energy Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Oil And Gas Production industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (244 companies). See the full Oil And Gas Production industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.00 % | 26.23 % (avg) | -26.2 pp |
| Operating Margin | 12.30 % | industry median | +11.9 pp |
| EBITDA Margin | 47.62 % | 18.21 % (avg) | +29.4 pp |
| Capital Intensity (Capex / Revenue) | 27.83 % | 27.10 % (avg) | +0.7 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Viper Energy Inc's Valuation vs Competitive Position
Valuation multiples vs the Oil And Gas Production industry average (244 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Oil And Gas Production industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 2,309.4x | 16.4x | +2,293.1x |
| EV / EBITDA | 11.1x | 9.5x | +1.6x |
| P/B | 0.9x | 2.0x | -1.1x |
| Return on Equity | 0.98 % | industry aggregate | -11.14 % |
| Return on Invested Capital | 0.88 % | 0.90 % (avg) | -0.02 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Viper Energy Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -15.98 % | 101.46 % | 71.61 % | -4.47 % | -4.47 % | 3.95 % | 3.95 % | 62.14 % |
| Operating Margin | 21.11 % | 71.61 % | 78.54 % | 74.93 % | 74.93 % | 65.83 % | 65.83 % | -10.04 % |
| Return on Invested Capital | 0.82 % | 5.61 % | - | - | - | 6.01 % | 6.01 % | -0.58 % |
| P/E | - | 29.8x | 16.2x | 10.7x | 11.3x | 20.0x | 15.4x | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Viper Energy Inc's Strategic Group Map
Viper Energy Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Viper Energy Inc's trailing-12-month revenue growth of 108.2% and operating margin of 12.3% compares with an average of 82.4% growth and 24.5% margin across its 8 closest peers by combined growth, margin and ROIC -- Viper Energy Inc sits above that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Viper Energy Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Viper Energy Inc falls in the Dog quadrant: relative market share of 0.03x vs its largest competitor, in an industry growing revenue -2.1% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Viper Energy Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 786 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 27.83 % vs industry average 27.10 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Viper Energy Inc's dedicated Suppliers and Customers pages, not here.
Viper Energy Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Viper Energy Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Viper Energy Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 11.9 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+32.7% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 11.1 points below the industry aggregate.
- Low relative market share vs the industry leader (0.03x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Viper Energy Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Viper Energy Inc | 0.75 | 3.13 | 0.19 |
| Exxon Mobil Corporation | 0.12 | 1.13 | 0.16 |
| Chevron Corp | 0.01 | 1.16 | 0.21 |
| Shell Plc | 0.37 | 1.30 | 0.05 |
| Totalenergies Se | 0.28 | 0.97 | 0.02 |
| Conocophillips | 0.49 | 1.36 | 0.45 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Viper Energy Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Viper Energy Inc | Q2 2026 | +127.9 % | +294.0 % |
| Exxon Mobil Corporation | Q3 2026 | +32.7 % | +98.4 % |
| Chevron Corp | Q2 2026 | +56.3 % | +385.6 % |
| Shell Plc | Q4 2025 | -6.1 % | +9.7 % |
| Totalenergies Se | Q4 2025 | -7.1 % | -16.7 % |
| Conocophillips | Q2 2026 | +36.8 % | +98.8 % |
| PEERS TOTAL | +4.8 % | +45.9 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Viper Energy Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Viper Energy Inc | Q2 2026 | - | - |
| Exxon Mobil Corporation | Q3 2026 | - | -17.7 % |
| Chevron Corp | Q2 2026 | +36.3 % | +22.3 % |
| Shell Plc | Q4 2025 | - | - |
| Totalenergies Se | Q4 2025 | - | - |
| Conocophillips | Q2 2026 | +32.0 % | - |
Viper Energy Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Viper Energy Inc | 0.82% | 0.57% | 0.98% |
| Exxon Mobil Corporation | 8.87% | 9.71% | 15.39% |
| Chevron Corp | 6.40% | 6.49% | 10.85% |
| Shell Plc | 4.89% | 4.22% | 10.33% |
| Totalenergies Se | 4.59% | 11.37% | 11.37% |
| Conocophillips | 7.55% | 8.36% | 14.30% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Viper Energy Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Viper Energy Inc | 1,985.00 | 3.77 |
| Exxon Mobil Corporation | 17.06 | 1.73 |
| Chevron Corp | 20.30 | 1.95 |
| Shell Plc | 16.70 | 1.12 |
| Totalenergies Se | 17.33 | 1.20 |
| Conocophillips | 17.97 | 2.60 |
| PEERS AVERAGE | 16.24 | 1.51 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.