Viper Energy, Inc. (VNOM) intrinsic value & 10-year financials
Viper Energy, Inc. (VNOM) has a Graham intrinsic value of $126.88 per share. At $45.02 on Oct 17, 2026, the stock trades 65% below that value. Over the last 4 fiscal years revenue grew 37.0% a year to $1.3B, with an average return on invested capital of 12.6%.
- Graham intrinsic value
- $126.88
- Share price (Oct 17, 2026)
- $45.02
- Price vs Graham value
- 65% below
- Market cap
- $6.4B
- Revenue (FY2025)
- $1.3B
- Revenue growth (4-yr CAGR)
- 37.0%
- ROIC (10-yr avg)
- 12.6%
- Free cash flow (FY2025)
- —
VNOM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.3B | -$68.0M | -$0.48 | — | -10.4% | -2.3% |
| FY2024 | $854.0M | $359.0M | $3.82 | — | 66.4% | 20.7% |
| FY2023 | $717.0M | $200.0M | $2.69 | — | 86.5% | 19.5% |
| FY2022 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Viper Energy, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Viper Energy, Inc. returns on capital have been average, hovering around 12.6% ROIC over the decade.
Viper Energy, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Viper Energy, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $126.88 per share.