NASDAQ : FANG
Diamondback Energy, Inc. — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 212.08 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 59.39B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Diamondback Energy, Inc. (FANG) reported revenue of 16.25B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 16.25B | 14.29B | 10.56B | 8.34B | 9.57B | 6.75B |
| Cost of Revenue | 4.49B | 3.85B | 2.56B | 1.79B | 1.52B | 1.20B |
| Gross Profit | 11.76B | 10.44B | 8.00B | 6.54B | 8.04B | 5.54B |
| Selling, General & Admin | 299.00M | 288.00M | 213.00M | 150.00M | 144.00M | 146.00M |
| Other Operating Expenses | -323.00M | -53.00M | 50.00M | 317.00M | 563.00M | 1.02B |
| Operating Expenses | 10.27B | 8.93B | 3.11B | 2.21B | 2.05B | 2.44B |
| Operating Income | 1.49B | 1.52B | 4.88B | 4.33B | 5.99B | 3.10B |
| Interest Expense | -292.00M | -251.00M | -336.00M | -197.00M | -218.00M | -70.00M |
| Interest & Investment Income | 25.00M | 25.00M | 156.00M | 18.00M | 6.00M | 1.00M |
| Earnings From Equity Investments | 77.00M | 15.00M | ||||
| Other Non Operating Income (Expenses) | -68.00M | 91.00M | 101.00M | 12.00M | -10.00M | 13.00M |
| EBT Excluding Unusual Items | 1.15B | 1.38B | 4.81B | 4.16B | 5.85B | 3.06B |
| Merger & Restructuring Charges | -105.00M | -105.00M | -303.00M | -14.00M | -78.00M | |
| Gain (Loss) on Sale of Investments | 322.00M | 364.00M | 88.00M | |||
| Gain (Loss) on Sale of Assets | 335.00M | 168.00M | -1.00M | |||
| Other Unusual Items | 143.00M | 66.00M | -1.00M | -4.00M | -99.00M | -75.00M |
| Pretax Income | 1.85B | 1.87B | 4.50B | 4.25B | 5.74B | 2.91B |
| Income Tax Expense | 332.00M | 327.00M | 800.00M | 912.00M | 1.17B | 631.00M |
| Earnings From Continuing Operations | 1.52B | 1.55B | 3.70B | 3.34B | 4.56B | 2.28B |
| Minority Interest in Earnings | -49.00M | 117.00M | -363.00M | -193.00M | -176.00M | -94.00M |
| Net Income | 1.47B | 1.66B | 3.34B | 3.14B | 4.39B | 2.18B |
| Preferred Dividends & Other Adjustments | 9.00M | 8.00M | 21.00M | 22.00M | 42.00M | 20.00M |
| Net Income to Common | 1.46B | 1.66B | 3.32B | 3.12B | 4.34B | 2.16B |
| Shares Outstanding (Basic) | 284.64M | 289.08M | 213.54M | 180.00M | 176.54M | 176.64M |
| Shares Outstanding (Diluted) | 284.64M | 289.08M | 213.54M | 180.00M | 176.54M | 176.64M |
| EPS (Basic) | 5.12 | 5.73 | 15.53 | 17.34 | 24.61 | 12.24 |
| EPS (Diluted) | 5.12 | 5.73 | 15.53 | 17.34 | 24.61 | 12.24 |
| Free Cash Flow | 3.99B | -391.00M | 1.94B | 2.02B | 2.71B | 1.67B |
| Free Cash Flow Per Share | 14.03 | -1.35 | 9.07 | 11.22 | 15.36 | 9.45 |
| Dividend Per Share | 4.25 | 4.05 | 6.21 | 8.12 | 11.31 | 1.95 |
| Gross Margin | 72.35% | 73.04% | 75.73% | 78.47% | 84.10% | 82.19% |
| Operating Margin | 9.16% | 10.61% | 46.26% | 51.94% | 62.66% | 45.96% |
| Profit Margin | 8.97% | 11.58% | 31.41% | 37.43% | 45.41% | 32.04% |
| Free Cash Flow Margin | 24.58% | -2.73% | 18.33% | 24.22% | 28.35% | 24.75% |
| EBITDA | 11.78B | 10.21B | 7.74B | 6.08B | 7.34B | 4.38B |
| EBITDA Margin | 72.50% | 71.40% | 73.24% | 72.87% | 76.71% | 64.86% |
| D&A For EBITDA | 10.29B | 8.69B | 2.85B | 1.75B | 1.34B | 1.27B |
| EBIT | 1.49B | 1.52B | 4.88B | 4.33B | 5.99B | 3.10B |
| EBIT Margin | 9.16% | 10.61% | 46.26% | 51.94% | 62.66% | 45.96% |
| Effective Tax Rate | 17.96% | 17.45% | 17.77% | 21.47% | 20.47% | 21.71% |
| Revenue as Reported | 17.10B | 15.03B | 11.07B | 8.41B | 9.64B | 6.80B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 462.00M | 104.00M | 161.00M | 582.00M | 157.00M | 654.00M |
| Trading Asset Securities | 10.00M | |||||
| Cash & Short-Term Investments | 462.00M | 104.00M | 161.00M | 582.00M | 157.00M | 664.00M |
| Accounts Receivable | 1.93B | 1.39B | 1.58B | 846.00M | 722.00M | 670.00M |
| Other Receivables | 284.00M | 1.00M | ||||
| Receivables | 1.93B | 1.39B | 1.58B | 846.00M | 1.01B | 671.00M |
| Inventory | 67.00M | 86.00M | 116.00M | 63.00M | 67.00M | 62.00M |
| Prepaid Expenses | 121.00M | 96.00M | 74.00M | 110.00M | 23.00M | 28.00M |
| Restricted Cash | 2.00M | 2.00M | 3.00M | 3.00M | 7.00M | 18.00M |
| Other Current Assets | 68.00M | 241.00M | 171.00M | 17.00M | 132.00M | 3.00M |
| Total Current Assets | 2.65B | 1.92B | 2.11B | 1.62B | 1.39B | 1.45B |
| Property, Plant & Equipment | 66.77B | 68.62B | 64.47B | 26.67B | 23.76B | 20.62B |
| Long-Term Investments | 244.00M | 227.00M | 145.00M | 534.00M | 566.00M | 613.00M |
| Long-Term Deferred Tax Assets | 45.00M | 64.00M | 40.00M | |||
| Other Long-Term Assets | 552.00M | 296.00M | 565.00M | 127.00M | 428.00M | 180.00M |
| Total Assets | 70.22B | 71.06B | 67.29B | 29.00B | 26.21B | 22.90B |
| Accounts Payable | 1.26B | 1.17B | 943.00M | 261.00M | 127.00M | 36.00M |
| Accrued Expenses | 844.00M | 1.09B | 1.00B | 462.00M | 378.00M | 308.00M |
| Current Portion of Long-Term Debt | 1.55B | 770.00M | 928.00M | 46.00M | 55.00M | 45.00M |
| Current Income Taxes Payable | 230.00M | 149.00M | 414.00M | 29.00M | 34.00M | 17.00M |
| Other Current Liabilities | 1.79B | 1.42B | 1.52B | 1.31B | 1.12B | 1.03B |
| Total Current Liabilities | 5.68B | 4.60B | 4.81B | 2.11B | 1.72B | 1.44B |
| Long-Term Debt | 11.07B | 13.75B | 12.17B | 6.76B | 6.39B | 6.67B |
| Long-Term Deferred Tax Liabilities | 8.93B | 9.14B | 9.83B | 2.45B | 2.07B | 1.34B |
| Other Long-Term Liabilities | 556.00M | 605.00M | 622.00M | 256.00M | 348.00M | 207.00M |
| Total Liabilities | 26.23B | 28.09B | 27.43B | 11.57B | 10.52B | 9.65B |
| Common Stock | 3.00M | 3.00M | 3.00M | 2.00M | 2.00M | 2.00M |
| Additional Paid-In Capital | 31.87B | 32.24B | 33.50B | 14.14B | 14.21B | 14.08B |
| Retained Earnings | 6.04B | 4.74B | 4.24B | 2.49B | 801.00M | -2.00B |
| Comprehensive Income & Other | -7.00M | -7.00M | -6.00M | -8.00M | -7.00M | |
| Total Common Equity | 37.90B | 36.97B | 37.74B | 16.62B | 15.01B | 12.09B |
| Minority Interest | 6.08B | 6.00B | 2.13B | 805.00M | 681.00M | 1.16B |
| Shareholders' Equity | 43.98B | 42.97B | 39.86B | 17.43B | 15.69B | 13.24B |
| Total Liabilities & Equity | 70.22B | 71.06B | 67.29B | 29.00B | 26.21B | 22.90B |
| Total Debt | 12.61B | 14.52B | 13.10B | 6.80B | 6.44B | 6.71B |
| Net Cash (Debt) | -12.15B | -14.41B | -12.94B | -6.22B | -6.28B | -6.05B |
| Net Cash Per Share | -42.69 | -49.85 | -60.59 | -34.57 | -35.60 | -34.26 |
| Filing Date Shares Outstanding | 280.02M | 282.08M | 289.44M | 178.45M | 183.59M | 177.41M |
| Total Common Shares Outstanding | 280.57M | 284.59M | 290.98M | 178.72M | 179.84M | 177.55M |
| Working Capital | -3.03B | -2.69B | -2.70B | -487.00M | -324.00M | 8.00M |
| Book Value Per Share | 135.08 | 129.91 | 129.68 | 93.02 | 83.46 | 68.08 |
| Tangible Book Value | 37.90B | 36.97B | 37.74B | 16.62B | 15.01B | 12.09B |
| Tangible Book Value Per Share | 135.08 | 129.91 | 129.68 | 93.02 | 83.46 | 68.08 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.47B | 1.66B | 3.34B | 3.14B | 4.39B | 2.18B |
| Depreciation & Amortization | 10.29B | 8.69B | 2.85B | 1.75B | 1.34B | 1.27B |
| Loss (Gain) on Equity Investments | -77.00M | -15.00M | ||||
| Stock-Based Compensation | 55.00M | 51.00M | ||||
| Other Operating Activities | -1.32B | -1.28B | 321.00M | 735.00M | 816.00M | 415.00M |
| Change in Accounts Receivable | -337.00M | 386.00M | -42.00M | -71.00M | -47.00M | -196.00M |
| Change in Accounts Payable | -164.00M | -343.00M | -376.00M | 57.00M | -47.00M | -41.00M |
| Change in Income Taxes | -90.00M | -399.00M | 87.00M | -5.00M | -266.00M | 152.00M |
| Change in Other Net Operating Assets | 291.00M | 42.00M | 235.00M | 315.00M | 161.00M | 121.00M |
| Operating Cash Flow | 10.14B | 8.76B | 6.41B | 5.92B | 6.33B | 3.94B |
| Capital Expenditures | -6.15B | -9.15B | -4.48B | -3.90B | -3.61B | -2.27B |
| Sale of Property, Plant & Equipment | 2.27B | 1.67B | 467.00M | 1.41B | 327.00M | 820.00M |
| Cash Acquisitions | -312.00M | -312.00M | -7.31B | -814.00M | ||
| Other Investing Activities | -39.00M | -18.00M | 99.00M | -16.00M | -44.00M | -85.00M |
| Investing Cash Flow | -4.23B | -7.81B | -11.22B | -3.32B | -3.33B | -1.54B |
| Long-Term Debt Issued | 15.04B | 9.88B | 5.18B | 7.70B | 3.51B | |
| Long-Term Debt Repaid | -13.47B | -3.50B | -4.80B | -7.96B | -4.19B | |
| Net Debt Issued (Repaid) | -2.40B | 1.57B | 6.37B | 377.00M | -257.00M | -680.00M |
| Repurchase of Common Stock | -1.94B | -2.01B | -959.00M | -840.00M | -1.25B | -525.00M |
| Common Dividends Paid | -1.18B | -1.16B | -1.58B | -1.44B | -1.57B | -312.00M |
| Other Financing Activities | -149.00M | 584.00M | 551.00M | -269.00M | -423.00M | -324.00M |
| Financing Cash Flow | -5.67B | -1.01B | 4.39B | -2.18B | -3.50B | -1.84B |
| Net Cash Flow | 243.00M | -58.00M | -421.00M | 421.00M | -508.00M | 564.00M |
| Free Cash Flow | 3.99B | -391.00M | 1.94B | 2.02B | 2.71B | 1.67B |
| Free Cash Flow Margin | 24.58% | -2.73% | 18.33% | 24.22% | 28.35% | 24.75% |
| Free Cash Flow Per Share | 14.03 | -1.35 | 9.07 | 11.22 | 15.36 | 9.45 |
| Levered Free Cash Flow | 5.04B | 497.62M | 2.19B | 1.08B | 1.21B | 1.01B |
| Unlevered Free Cash Flow | 5.22B | 654.50M | 2.40B | 1.20B | 1.35B | 1.05B |
| Cash Interest Paid | 189.00M | 155.00M | 269.00M | 146.00M | 135.00M | 194.00M |
| Cash Income Tax Paid | 1.14B | 1.23B | 605.00M | 352.00M | 718.00M | -138.00M |
| Change in Working Capital | -300.00M | -314.00M | -96.00M | 296.00M | -199.00M | 36.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 59.39B | 42.75B | 47.84B | 27.76B | 24.07B | 19.54B |
| Enterprise Value | 71.54B | 65.41B | 61.89B | 34.09B | 30.32B | 26.99B |
| Last Close Price | 212.08 | 147.81 | 156.63 | 141.95 | 118.62 | 87.65 |
| PE Ratio | 41.43 | 25.82 | 14.42 | 8.89 | 5.54 | 9.04 |
| Forward PE | 9.34 | 13.68 | 11.29 | 7.35 | 5.52 | 6.55 |
| PS Ratio | 3.66 | 2.99 | 4.53 | 3.33 | 2.52 | 2.90 |
| PB Ratio | 1.57 | 0.99 | 1.20 | 1.59 | 1.53 | 1.48 |
| P/TBV Ratio | 1.57 | 1.16 | 1.27 | 1.67 | 1.60 | 1.62 |
| P/FCF Ratio | 14.87 | 24.71 | 13.74 | 8.88 | 11.70 | |
| P/OCF Ratio | 5.86 | 4.88 | 7.46 | 4.69 | 3.81 | 4.95 |
| PEG Ratio | 1.12 | 2.87 | 1.25 | 2.45 | 2.68 | 1.31 |
| EV/Sales Ratio | 4.40 | 4.58 | 5.86 | 4.09 | 3.17 | 4.00 |
| EV/EBITDA Ratio | 6.07 | 6.41 | 8.00 | 5.61 | 4.13 | 6.17 |
| EV/EBIT Ratio | 48.08 | 43.15 | 12.67 | 7.87 | 5.06 | 8.70 |
| EV/FCF Ratio | 17.91 | 31.97 | 16.88 | 11.18 | 16.16 | |
| Debt / Equity Ratio | 0.29 | 0.34 | 0.33 | 0.39 | 0.41 | 0.51 |
| Debt / EBITDA Ratio | 1.07 | 1.42 | 1.69 | 1.12 | 0.88 | 1.53 |
| Debt / FCF Ratio | 3.16 | 6.77 | 3.37 | 2.38 | 4.02 | |
| Net Debt / Equity Ratio | 0.28 | 0.34 | 0.33 | 0.36 | 0.40 | 0.46 |
| Net Debt / EBITDA Ratio | 1.03 | 1.41 | 1.67 | 1.02 | 0.86 | 1.38 |
| Net Debt / FCF Ratio | 3.04 | -36.86 | 6.68 | 3.08 | 2.32 | 3.62 |
| Asset Turnover | 0.23 | 0.21 | 0.22 | 0.30 | 0.39 | 0.33 |
| Inventory Turnover | 49.36 | 38.16 | 28.64 | 27.61 | 23.58 | 25.30 |
| Quick Ratio | 0.42 | 0.32 | 0.36 | 0.68 | 0.68 | 0.93 |
| Current Ratio | 0.47 | 0.42 | 0.44 | 0.77 | 0.81 | 1.01 |
| Return on Equity (ROE) | 3.49% | 3.74% | 12.92% | 20.14% | 31.53% | 19.75% |
| Return on Assets (ROA) | 1.31% | 1.37% | 6.34% | 9.81% | 15.26% | 9.57% |
| Return on Invested Capital (ROIC) | 2.17% | 2.27% | 10.51% | 14.91% | 23.10% | 13.95% |
| Return on Capital Employed (ROCE) | 2.30% | 2.30% | 7.80% | 16.10% | 24.50% | 14.50% |
| Earnings Yield | 2.41% | 3.89% | 6.98% | 11.32% | 18.22% | 11.17% |
| FCF Yield | 6.73% | -0.92% | 4.05% | 7.28% | 11.27% | 8.55% |
| Dividend Yield | 2.08% | 2.70% | 3.78% | 5.23% | 8.45% | 1.77% |
| Payout Ratio | 83.02% | 69.47% | 47.27% | 45.94% | 35.84% | 14.30% |
| Buyback Yield / Dilution | -5.53% | -35.37% | -18.64% | -1.96% | 0.06% | -11.82% |
| Total Shareholder Return | -3.45% | -32.67% | -14.86% | 3.27% | 8.51% | -10.04% |