Diamondback Energy (FANG) Financials

$138.35 -1.00 (-0.72%)

As of 05/20/2025 04:00 PM Eastern

Annual Income Statements for Diamondback Energy

This table shows Diamondback Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	3,338	3,143	4,386	2,182	-4,517	240	846	482	-165	-551
Consolidated Net Income / (Loss)	3,701	3,336	4,562	2,276	-4,672	315	945	517	-165	-548
Net Income / (Loss) Continuing Operations	3,701	3,336	4,562	2,276	-4,672	315	945	517	-165	-548
Total Pre-Tax Income	4,501	4,248	5,736	2,907	-5,776	362	1,113	497	-165	-749
Total Operating Income	4,396	4,570	6,508	4,001	-5,476	695	1,011	605	-69	-740
Total Gross Profit	8,503	7,142	9,385	6,020	2,673	3,785	1,839	1,055	433	358
Total Revenue	11,066	8,412	9,643	6,797	2,813	3,964	2,142	1,205	527	447
Operating Revenue	11,023	8,339	9,643	6,747	2,813	3,951	2,130	1,205	527	447
Other Revenue	43	73	-	50	-	13	12	0.00	0.00	-
Total Cost of Revenue	2,563	1,270	258	777	140	179	303	150	94	89
Operating Cost of Revenue	2,563	1,270	258	777	140	179	303	150	94	89
Total Operating Expenses	4,107	2,572	2,877	2,019	8,149	3,090	828	450	502	1,098
Selling, General & Admin Expense	316	290	256	241	197	598	68	48	43	32
Marketing Expense	638	525	611	425	195	248	133	74	34	33
Depreciation Expense	2,850	1,746	1,344	1,275	1,311	1,454	623	327	178	218
Restructuring Charge	303	11	14	78	0.00	-	36	0.00	0.00	-
Total Other Income / (Expense), net	105	-322	-772	-1,094	-300	-333	102	-108	-96	-8.83
Interest Expense	-2.00	4.00	99	75	5.00	56	0.00	0.00	33	0.00
Interest & Investment Income	-114	-111	-77	-184	-207	-178	-88	-41	-41	-42
Other Income / (Expense), net	217	-207	-596	-835	-88	-99	190	-67	-22	33
Income Tax Expense	800	912	1,174	631	-1,104	47	168	-20	0.19	-201
Net Income / (Loss) Attributable to Noncontrolling Interest	363	193	176	94	-155	75	99	35	0.13	2.84
Basic Earnings per Share	$15.53	$17.34	$24.61	$12.24	($28.61)	$1.47	$8.09	$4.95	($2.20)	($8.74)
Weighted Average Basic Shares Outstanding	213.55M	180.00M	176.54M	176.64M	157.98M	163.49M	104.62M	97.46M	75.08M	63.02M
Diluted Earnings per Share	$15.53	$17.34	$24.61	$12.24	($28.61)	$1.47	$8.06	$4.94	($2.20)	($8.74)
Weighted Average Diluted Shares Outstanding	213.55M	180.00M	176.54M	176.64M	157.98M	163.84M	104.93M	97.69M	75.08M	63M
Weighted Average Basic & Diluted Shares Outstanding	289.44M	178.45M	183.59M	177.41M	158.02M	158.28M	164.38M	97.40M	75M	63M
Cash Dividends to Common per Share	$8.29	$7.99	$8.96	$1.95	$1.53	$0.94	$0.50	$0.00	-	-

This table shows Diamondback Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	1,405	1,074	659	837	768	960	915	556	712	1,007	1,184
Consolidated Net Income / (Loss)	1,491	1,290	708	894	809	1,011	993	586	746	1,028	1,270
Net Income / (Loss) Continuing Operations	1,491	1,290	708	894	809	1,011	993	586	746	1,028	1,270
Total Pre-Tax Income	1,894	1,405	918	1,146	1,032	1,275	1,269	751	953	1,289	1,560
Total Operating Income	1,673	1,412	710	1,156	1,118	1,205	1,340	1,000	1,025	1,256	1,614
Total Gross Profit	3,555	2,440	1,947	2,092	2,024	1,644	1,982	1,851	1,665	1,963	2,366
Total Revenue	4,048	3,711	2,645	2,483	2,227	2,228	2,340	1,919	1,925	2,030	2,437
Operating Revenue	4,048	4,112	2,636	2,174	2,101	2,194	2,324	1,919	1,902	2,066	2,417
Total Cost of Revenue	493	1,706	698	82	77	584	358	68	260	67	71
Operating Cost of Revenue	493	1,706	698	82	77	584	358	68	260	67	71
Total Operating Expenses	1,882	1,009	1,237	946	915	439	642	851	640	707	752
Selling, General & Admin Expense	112	-402	84	319	315	66	81	69	74	-280	249
Marketing Expense	228	225	153	141	119	104	118	148	155	116	156
Depreciation Expense	1,097	1,156	742	483	469	469	442	432	403	365	336
Other Operating Expenses / (Income)	408	-	-	-	-	-	-	200	-	-	-
Restructuring Charge	37	30	258	3.00	12	-	1.00	2.00	8.00	3.00	11
Total Other Income / (Expense), net	221	-7.00	208	-10	-86	70	-71	-249	-72	33	-54
Interest Expense	0.00	5.00	0.00	-1.00	-6.00	-	0.00	4.00	0.00	36	6.00
Interest & Investment Income	-32	-29	-12	-29	-44	-18	-28	-33	-32	-11	-24
Other Income / (Expense), net	253	27	220	18	-48	88	-43	-212	-40	80	-24
Income Tax Expense	403	115	210	252	223	264	276	165	207	261	290
Net Income / (Loss) Attributable to Noncontrolling Interest	86	216	49	57	41	51	78	30	34	21	86
Basic Earnings per Share	$4.83	$3.40	$3.19	$4.66	$4.28	$5.34	$5.07	$3.05	$3.88	$5.61	$6.72
Weighted Average Basic Shares Outstanding	289.61M	213.55M	204.73M	178.36M	178.48M	180.00M	178.87M	180.37M	181.99M	176.54M	174.41M
Diluted Earnings per Share	$4.83	$3.40	$3.19	$4.66	$4.28	$5.34	$5.07	$3.05	$3.88	$5.61	$6.72
Weighted Average Diluted Shares Outstanding	289.61M	213.55M	204.73M	178.36M	178.48M	180.00M	178.87M	180.37M	181.99M	176.54M	174.41M
Weighted Average Basic & Diluted Shares Outstanding	292.17M	289.44M	291.99M	178.39M	178.34M	178.45M	178.98M	178.82M	181.09M	183.59M	176.00M
Cash Dividends to Common per Share	$1.00	-	$2.34	$1.97	$3.08	-	-	$0.84	$0.83	-	$2.26

This table details how cash moves in and out of Diamondback Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-421	421	-508	564	-20	-87	103	-1,554	1,646	-10
Net Cash From Operating Activities	6,413	5,920	6,325	3,944	2,118	2,739	1,565	889	332	417
Net Cash From Continuing Operating Activities	6,413	5,920	6,325	3,944	2,118	2,739	1,565	889	332	417
Net Income / (Loss) Continuing Operations	3,701	3,336	4,562	2,276	-4,672	315	945	517	-165	-548
Consolidated Net Income / (Loss)	3,701	3,336	4,562	2,276	-4,672	315	945	517	-165	-548
Depreciation Expense	2,850	1,746	1,344	1,275	1,311	1,454	623	327	178	218
Non-Cash Adjustments To Reconcile Net Income	-146	159	-187	-288	6,404	1,082	-195	109	332	948
Changes in Operating Assets and Liabilities, net	8.00	679	606	681	-925	-112	192	-68	-16	-204
Net Cash From Investing Activities	-11,221	-3,323	-3,330	-1,539	-2,101	-3,888	-3,503	-3,132	-1,310	-895
Net Cash From Continuing Investing Activities	-11,221	-3,323	-3,330	-1,539	-2,101	-3,888	-3,503	-3,132	-1,310	-895
Purchase of Property, Plant & Equipment	-11,787	-4,714	-3,613	-2,274	-2,057	-3,697	-3,374	-3,246	-1,191	-902
Sale of Property, Plant & Equipment	467	1,407	327	820	63	300	80	66	4.66	9.74
Other Investing Activities, net	99	-16	-44	-85	-107	-6.00	-98	48	-122	-0.27
Net Cash From Financing Activities	4,387	-2,176	-3,503	-1,841	-37	1,062	2,041	689	2,625	468
Net Cash From Continuing Financing Activities	4,387	-2,176	-3,503	-1,841	-37	1,062	2,041	689	2,625	468
Repayment of Debt	-3,651	-4,847	-8,093	-4,501	-1,738	-5,034	-1,840	-393	-581	-604
Repurchase of Common Equity	-959	-840	-1,098	-431	-137	-634	-3.00	-1.00	-1.18	-0.59
Payment of Dividends	-1,805	-1,573	-1,789	-424	-329	-234	-135	-41	-9.57	-7.97
Issuance of Debt	9,875	5,179	7,704	3,513	2,127	5,819	3,714	754	1,164	425
Issuance of Common Equity	476	0.00	0.00	-	-	1,106	305	370	2,052	651
Other Financing Activities, net	451	-95	-227	2.00	40	39	0.00	0.00	0.50	4.87

This table details how cash moves in and out of Diamondback Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	1,877	-209	-6,538	6,012	314	-245	809	-32	-111	130	-25
Net Cash From Operating Activities	2,355	2,341	1,209	1,529	1,334	1,624	1,358	1,513	1,425	1,441	1,925
Net Cash From Continuing Operating Activities	2,355	2,341	1,209	1,529	1,334	1,624	1,358	1,513	1,425	1,441	1,925
Net Income / (Loss) Continuing Operations	1,491	1,290	708	894	809	1,011	993	586	746	1,028	1,270
Consolidated Net Income / (Loss)	1,491	1,290	708	894	809	1,011	993	586	746	1,028	1,270
Depreciation Expense	1,097	1,156	742	483	469	469	442	432	403	365	336
Non-Cash Adjustments To Reconcile Net Income	-131	-33	-125	-42	54	-142	56	154	91	-93	-76
Changes in Operating Assets and Liabilities, net	-102	-72	-116	194	2.00	286	-133	341	185	141	395
Net Cash From Investing Activities	-1,653	-1,855	-8,166	-449	-751	-1,464	15	-595	-1,279	-1,378	-720
Net Cash From Continuing Investing Activities	-1,653	-1,855	-8,166	-449	-751	-1,464	15	-595	-1,279	-1,378	-720
Purchase of Property, Plant & Equipment	-1,692	-1,859	-8,479	-687	-762	-1,469	-852	-856	-1,537	-1,594	-745
Sale of Property, Plant & Equipment	41	8.00	207	240	12	7.00	868	268	264	222	33
Other Investing Activities, net	-2.00	-4.00	106	-2.00	-1.00	-2.00	-1.00	-7.00	-6.00	-6.00	-8.00
Net Cash From Financing Activities	1,175	-695	419	4,932	-269	-405	-564	-950	-257	67	-1,230
Net Cash From Continuing Financing Activities	1,175	-695	419	4,932	-269	-405	-564	-950	-257	67	-1,230
Repayment of Debt	-2,574	-2,151	-1,078	-246	-176	-311	-1,339	-2,186	-1,011	-1,973	-2,607
Repurchase of Common Equity	-575	-402	-515	-	-42	-131	-56	-321	-332	-316	-472
Payment of Dividends	-385	-332	-475	-406	-592	-648	-174	-175	-576	-434	-597
Issuance of Debt	3,477	2,190	2,011	5,584	90	713	1,015	1,755	1,696	2,854	2,521
Issuance of Common Equity	1,232	-	-	-	-	-	-	-	-	-	-
Other Financing Activities, net	0.00	-	-	-	451	-28	-10	-23	-34	-64	-75

This table presents Diamondback Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	67,292	29,001	26,209	22,898	17,619	23,531	21,596	7,771	5,350	2,751
Total Current Assets	2,110	1,621	1,392	1,446	602	869	925	359	1,792	109
Cash & Equivalents	161	582	157	654	104	123	215	112	1,667	20
Restricted Cash	3.00	3.00	7.00	18	4.00	5.00	0.00	0.00	0.50	0.50
Accounts Receivable	1,585	846	722	670	337	615	392	232	120	79
Inventories, net	116	63	67	62	33	37	37	9.11	1.98	1.73
Prepaid Expenses	77	110	23	28	23	24	50	4.90	2.99	2.88
Other Current Assets	168	17	132	13	1.00	46	231	0.53	0.00	4.62
Plant, Property, & Equipment, net	64,472	26,674	23,759	20,619	16,214	21,835	20,372	7,344	3,391	2,598
Plant, Property & Equipment, gross	83,680	43,103	38,603	34,164	28,528	26,838	23,146	9,505	5,227	4,011
Accumulated Depreciation	19,208	16,429	14,844	13,545	12,314	5,003	2,774	2,161	1,836	1,414
Total Noncurrent Assets	710	706	1,058	833	803	827	299	69	167	44
Long-Term Investments	375	529	566	701	533	479	1.00	0.00	-	-
Noncurrent Deferred & Refundable Income Taxes	173	45	64	40	73	142	97	0.00	-	-
Other Noncurrent Operating Assets	162	132	270	92	197	206	201	69	167	44
Total Liabilities & Shareholders' Equity	67,292	29,001	26,209	22,898	17,619	23,531	21,596	7,771	5,350	2,751
Total Liabilities	27,430	11,571	10,519	9,653	7,815	8,625	7,429	2,189	1,331	642
Total Current Liabilities	4,811	2,108	1,716	1,438	1,236	1,263	1,019	577	209	141
Short-Term Debt	900	0.00	10	45	191	0.00	-	-	-	-
Accounts Payable	253	261	127	36	71	179	128	95	48	20
Accrued Expenses	1,710	968	879	714	488	779	748	314	116	104
Current Deferred Revenue	1,491	764	619	452	237	278	143	69	23	17
Current Deferred & Payable Income Tax Liabilities	414	29	34	17	-	-	-	-	-	-
Other Current Liabilities	43	86	47	174	249	27	0.00	100	23	0.00
Total Noncurrent Liabilities	22,619	9,463	8,803	8,215	6,579	7,362	6,410	1,612	1,122	500
Long-Term Debt	12,075	6,641	6,238	6,642	5,624	5,371	4,474	1,477	1,106	488
Asset Retirement Reserve & Litigation Obligation	573	239	336	166	108	94	136	20	16	13
Noncurrent Deferred & Payable Income Tax Liabilities	9,826	2,449	2,069	1,338	783	1,886	1,785	108	0.00	-
Other Noncurrent Operating Liabilities	145	134	160	69	64	11	15	6.30	0.00	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	39,862	17,430	15,690	13,245	9,804	14,906	14,167	5,582	4,018	2,109
Total Preferred & Common Equity	37,736	16,625	15,009	12,088	8,794	13,249	13,700	5,255	3,697	1,876
Total Common Equity	37,736	16,625	15,009	12,088	8,794	13,249	13,700	5,255	3,697	1,876
Common Stock	33,504	14,144	14,215	14,086	12,658	12,359	12,938	5,292	4,217	2,230
Retained Earnings	4,238	2,489	801	-1,998	-3,864	890	762	-37	-519	-354
Accumulated Other Comprehensive Income / (Loss)	-6.00	-8.00	-7.00	0.00	-	-	-	0.00	-	-
Noncontrolling Interest	2,126	805	681	1,157	1,010	1,657	467	327	321	233

This table presents Diamondback Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	70,066	67,292	65,747	35,637	29,690	29,001	28,049	27,587	27,589	26,209	23,843
Total Current Assets	4,083	2,110	2,022	7,825	1,948	1,621	1,916	918	1,160	1,392	1,031
Cash & Equivalents	1,816	161	370	6,908	896	582	827	18	46	157	27
Restricted Cash	225	3.00	3.00	3.00	3.00	3.00	3.00	3.00	7.00	7.00	7.00
Accounts Receivable	1,591	1,585	1,430	830	942	846	980	687	754	722	784
Inventories, net	117	116	126	55	57	63	70	66	69	67	59
Prepaid Expenses	67	77	51	25	43	110	19	17	36	23	54
Other Current Assets	267	168	42	4.00	7.00	17	1.00	7.00	60	132	98
Plant, Property, & Equipment, net	64,896	64,472	63,053	27,099	27,024	26,674	25,365	25,145	25,514	23,759	21,903
Plant, Property & Equipment, gross	85,179	83,680	81,135	44,459	43,915	43,103	41,353	40,703	40,752	38,603	36,390
Accumulated Depreciation	20,283	19,208	18,082	17,360	16,891	16,429	15,988	15,558	15,238	14,844	14,487
Total Noncurrent Assets	1,087	710	672	713	718	706	768	1,524	915	1,058	909
Long-Term Investments	383	375	458	542	612	529	519	587	573	566	674
Noncurrent Deferred & Refundable Income Taxes	235	173	62	32	61	45	60	60	62	64	74
Other Noncurrent Operating Assets	469	162	152	139	45	132	189	135	137	270	161
Total Liabilities & Shareholders' Equity	70,066	67,292	65,747	35,637	29,690	29,001	28,049	27,587	27,589	26,209	23,843
Total Liabilities	28,323	27,430	26,928	17,110	11,671	11,571	11,065	11,375	11,466	10,519	9,285
Total Current Liabilities	4,753	4,811	4,463	2,137	2,118	2,108	2,141	2,123	1,886	1,716	1,678
Short-Term Debt	914	900	1,000	-	-	0.00	0.00	0.00	10	10	10
Accounts Payable	124	253	198	331	243	261	358	249	241	127	139
Accrued Expenses	1,515	1,710	1,498	903	907	968	825	1,012	816	879	774
Current Deferred Revenue	1,575	1,491	1,444	782	732	764	782	729	716	619	634
Current Deferred & Payable Income Tax Liabilities	550	414	289	49	134	29	37	15	51	34	31
Other Current Liabilities	75	43	34	72	102	86	139	118	52	47	90
Total Noncurrent Liabilities	23,570	22,619	22,465	14,973	9,553	9,463	8,924	9,252	9,580	8,803	7,607
Long-Term Debt	12,996	12,075	11,923	11,980	6,629	6,641	6,230	6,543	6,950	6,238	5,347
Asset Retirement Reserve & Litigation Obligation	586	573	493	300	266	239	240	286	306	336	325
Noncurrent Deferred & Payable Income Tax Liabilities	9,887	9,826	9,952	2,549	2,502	2,449	2,243	2,233	2,161	2,069	1,737
Other Noncurrent Operating Liabilities	101	145	97	144	156	134	211	190	163	160	198
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	41,743	39,862	38,819	18,527	18,019	17,430	16,984	16,212	16,123	15,690	14,558
Total Preferred & Common Equity	38,473	37,736	37,429	17,448	16,950	16,625	16,280	15,554	15,464	15,009	13,843
Total Common Equity	38,473	37,736	37,429	17,448	16,950	16,625	16,280	15,554	15,464	15,009	13,843
Common Stock	33,128	33,504	34,010	14,269	14,253	14,144	14,151	14,189	14,504	14,215	13,648
Retained Earnings	5,352	4,238	3,427	3,187	2,705	2,489	2,136	1,372	967	801	195
Accumulated Other Comprehensive Income / (Loss)	-7.00	-6.00	-8.00	-8.00	-8.00	-8.00	-7.00	-7.00	-7.00	-7.00	-
Noncontrolling Interest	3,270	2,126	1,390	1,079	1,069	805	704	658	659	681	715

This table displays calculated financial ratios and metrics derived from Diamondback Energy's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	31.55%	-12.77%	41.87%	141.63%	-29.04%	85.06%	77.76%	128.61%	17.99%	-9.88%
EBITDA Growth	22.16%	-15.81%	63.39%	204.42%	-307.46%	12.39%	109.90%	867.34%	118.44%	-195.25%
EBIT Growth	5.73%	-26.20%	86.73%	156.90%	-1,033.56%	-50.37%	123.23%	691.87%	87.15%	-308.44%
NOPAT Growth	0.72%	-30.66%	65.23%	181.72%	-733.83%	-29.55%	36.39%	1,410.27%	90.73%	-479.16%
Net Income Growth	10.94%	-26.87%	100.44%	148.72%	-1,583.17%	-66.67%	82.79%	413.51%	69.90%	-379.53%
EPS Growth	-10.44%	-29.54%	101.06%	142.78%	-2,046.26%	-81.76%	63.16%	324.55%	74.83%	-340.11%
Operating Cash Flow Growth	8.33%	-6.40%	60.37%	86.21%	-22.67%	75.02%	76.04%	167.71%	-20.27%	16.87%
Free Cash Flow Firm Growth	-1,629.63%	-37.36%	698.71%	-152.22%	234.14%	93.97%	-271.31%	-207.88%	-99.22%	61.18%
Invested Capital Growth	127.81%	9.06%	13.42%	23.91%	-23.85%	6.76%	165.24%	100.94%	34.20%	-1.97%
Revenue Q/Q Growth	15.48%	2.41%	0.08%	22.34%	-10.30%	14.60%	10.35%	21.49%	15.49%	-3.72%
EBITDA Q/Q Growth	12.29%	0.93%	0.15%	111.28%	-15.35%	-26.79%	31.96%	12.92%	153.48%	-267.87%
EBIT Q/Q Growth	2.90%	-1.09%	-0.57%	261.00%	-8.33%	-60.84%	36.05%	9.12%	73.72%	-97.77%
NOPAT Q/Q Growth	10.22%	-1.28%	-0.63%	112.57%	-7.06%	-41.41%	-10.28%	32.88%	80.02%	-43.87%
Net Income Q/Q Growth	8.15%	-0.51%	-0.50%	385.29%	-6.47%	-74.92%	55.98%	24.40%	56.62%	-109.85%
EPS Q/Q Growth	-11.10%	-1.53%	-0.20%	544.21%	-6.40%	-79.09%	22.31%	15.69%	61.06%	-122.96%
Operating Cash Flow Q/Q Growth	12.59%	3.19%	4.53%	24.03%	-18.60%	20.98%	11.47%	19.53%	9.51%	-6.19%
Free Cash Flow Firm Q/Q Growth	0.16%	72.07%	-38.77%	56.22%	82.53%	94.05%	-2,710.55%	9.87%	-38.37%	29.28%
Invested Capital Q/Q Growth	2.72%	4.99%	9.60%	0.96%	-5.71%	-1.33%	126.16%	1.97%	9.22%	-5.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.84%	84.90%	97.32%	88.57%	95.02%	95.48%	85.85%	87.55%	82.16%	80.14%
EBITDA Margin	67.44%	72.62%	75.25%	65.34%	-151.19%	51.72%	85.15%	72.12%	17.04%	-109.08%
Operating Margin	39.73%	54.33%	67.49%	58.86%	-194.67%	17.53%	47.20%	50.21%	-13.02%	-165.71%
EBIT Margin	41.69%	51.87%	61.31%	46.58%	-197.80%	15.04%	56.07%	44.65%	-17.24%	-158.39%
Profit (Net Income) Margin	33.44%	39.66%	47.31%	33.49%	-166.09%	7.95%	44.12%	42.90%	-31.29%	-122.62%
Tax Burden Percent	82.23%	78.53%	79.53%	78.29%	80.89%	87.02%	84.91%	104.02%	100.12%	73.13%
Interest Burden Percent	97.57%	97.36%	97.02%	91.82%	103.81%	60.74%	92.67%	92.38%	181.21%	105.87%
Effective Tax Rate	17.77%	21.47%	20.47%	21.71%	0.00%	12.98%	15.09%	-4.02%	0.00%	0.00%
Return on Invested Capital (ROIC)	9.61%	16.31%	26.14%	18.68%	-22.13%	3.18%	6.77%	12.10%	-1.59%	-19.91%
ROIC Less NNEP Spread (ROIC-NNEP)	10.57%	11.67%	14.63%	2.35%	-39.01%	-3.25%	9.85%	-15.86%	247.16%	-25.25%
Return on Net Nonoperating Assets (RNNOA)	3.31%	3.83%	5.40%	1.07%	-15.69%	-1.01%	2.80%	-1.33%	-3.79%	-6.85%
Return on Equity (ROE)	12.92%	20.14%	31.53%	19.75%	-37.81%	2.17%	9.57%	10.77%	-5.38%	-26.76%
Cash Return on Invested Capital (CROIC)	-68.37%	7.64%	13.56%	-2.67%	4.96%	-3.36%	-83.72%	-54.98%	-30.80%	-17.92%
Operating Return on Assets (OROA)	9.58%	15.81%	24.08%	15.63%	-27.04%	2.64%	8.18%	8.20%	-2.24%	-24.21%
Return on Assets (ROA)	7.69%	12.08%	18.58%	11.23%	-22.71%	1.40%	6.44%	7.88%	-4.07%	-18.74%
Return on Common Equity (ROCE)	12.26%	19.24%	29.53%	17.89%	-33.73%	2.01%	9.19%	10.04%	-4.90%	-23.71%
Return on Equity Simple (ROE_SIMPLE)	9.81%	20.07%	30.40%	18.83%	-53.13%	2.38%	6.90%	9.84%	-4.46%	-29.20%
Net Operating Profit after Tax (NOPAT)	3,615	3,589	5,176	3,133	-3,833	605	858	629	-48	-518
NOPAT Margin	32.66%	42.66%	53.68%	46.09%	-136.27%	15.26%	40.07%	52.23%	-9.11%	-116.00%
Net Nonoperating Expense Percent (NNEP)	-0.96%	4.65%	11.50%	16.33%	16.88%	6.42%	-3.08%	27.96%	-248.75%	5.33%
Return On Investment Capital (ROIC_SIMPLE)	6.84%	14.91%	23.59%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	23.16%	15.10%	2.68%	11.43%	4.98%	4.52%	14.15%	12.45%	17.84%	19.86%
SG&A Expenses to Revenue	2.86%	3.45%	2.65%	3.55%	7.00%	15.09%	3.17%	3.98%	8.09%	7.16%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	37.11%	30.58%	29.84%	29.70%	289.69%	77.95%	38.66%	37.34%	95.18%	245.85%
Earnings before Interest and Taxes (EBIT)	4,613	4,363	5,912	3,166	-5,564	596	1,201	538	-91	-708
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,463	6,109	7,256	4,441	-4,253	2,050	1,824	869	90	-487
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.27	1.60	1.46	1.38	0.73	0.91	0.55	1.89	1.71	1.90
Price to Tangible Book Value (P/TBV)	1.27	1.60	1.46	1.38	0.73	0.91	0.55	1.89	1.71	1.90
Price to Revenue (P/Rev)	4.32	3.16	2.27	2.46	2.28	3.04	3.51	8.22	11.97	7.99
Price to Earnings (P/E)	14.33	8.46	4.98	7.65	0.00	50.16	8.90	20.56	0.00	0.00
Dividend Yield	4.51%	2.21%	2.26%	1.90%	3.70%	0.92%	0.50%	0.00%	0.00%	0.00%
Earnings Yield	6.98%	11.83%	20.08%	13.07%	0.00%	1.99%	11.24%	4.86%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.19	1.43	1.33	1.25	0.84	0.94	0.67	1.67	1.76	1.66
Enterprise Value to Revenue (EV/Rev)	5.64	3.91	2.91	3.41	4.47	4.66	5.72	9.63	11.51	9.55
Enterprise Value to EBITDA (EV/EBITDA)	8.36	5.39	3.86	5.22	0.00	9.00	6.72	13.35	67.55	0.00
Enterprise Value to EBIT (EV/EBIT)	13.53	7.54	4.74	7.32	0.00	30.97	10.20	21.57	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	17.26	9.17	5.42	7.40	0.00	30.52	14.28	18.44	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.73	5.56	4.43	5.88	5.94	6.74	7.83	13.05	18.27	10.25
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	19.57	10.44	0.00	14.65	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.33	0.38	0.40	0.50	0.59	0.36	0.32	0.26	0.28	0.23
Long-Term Debt to Equity	0.30	0.38	0.40	0.50	0.57	0.36	0.32	0.26	0.28	0.23
Financial Leverage	0.31	0.33	0.37	0.46	0.40	0.31	0.28	0.08	-0.02	0.27
Leverage Ratio	1.68	1.67	1.70	1.76	1.67	1.55	1.49	1.37	1.32	1.43
Compound Leverage Factor	1.64	1.62	1.65	1.61	1.73	0.94	1.38	1.26	2.40	1.51
Debt to Total Capital	24.56%	27.59%	28.48%	33.55%	37.23%	26.49%	24.00%	20.93%	21.58%	18.79%
Short-Term Debt to Total Capital	1.70%	0.00%	0.05%	0.23%	1.22%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	22.85%	27.59%	28.43%	33.32%	36.01%	26.49%	24.00%	20.93%	21.58%	18.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.02%	3.34%	3.10%	5.80%	6.47%	8.17%	2.51%	4.63%	6.26%	8.97%
Common Equity to Total Capital	71.42%	69.07%	68.42%	60.65%	56.30%	65.34%	73.49%	74.44%	72.16%	72.24%
Debt to EBITDA	1.74	1.09	0.86	1.51	-1.37	2.62	2.45	1.70	12.31	-1.00
Net Debt to EBITDA	1.67	0.90	0.76	1.20	-1.22	2.32	2.33	1.57	-6.25	-0.96
Long-Term Debt to EBITDA	1.62	1.09	0.86	1.50	-1.32	2.62	2.45	1.70	12.31	-1.00
Debt to NOPAT	3.59	1.85	1.21	2.13	-1.52	8.88	5.21	2.35	-23.02	-0.94
Net Debt to NOPAT	3.44	1.54	1.07	1.70	-1.35	7.88	4.96	2.17	11.68	-0.90
Long-Term Debt to NOPAT	3.34	1.85	1.21	2.12	-1.47	8.88	5.21	2.35	-23.02	-0.94
Altman Z-Score	1.48	2.26	2.39	1.67	-0.74	1.12	0.93	3.06	3.10	2.46
Noncontrolling Interest Sharing Ratio	5.12%	4.49%	6.35%	9.40%	10.79%	7.31%	4.02%	6.75%	9.04%	11.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.44	0.77	0.81	1.01	0.49	0.69	0.91	0.62	8.56	0.77
Quick Ratio	0.36	0.68	0.51	0.92	0.36	0.58	0.60	0.60	8.53	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-25,726	1,682	2,685	-448	859	-640	-10,620	-2,860	-929	-466
Operating Cash Flow to CapEx	56.65%	179.01%	192.48%	271.25%	106.22%	80.63%	47.51%	27.96%	28.00%	46.69%
Free Cash Flow to Firm to Interest Expense	0.00	420.47	27.12	-5.98	171.76	-11.43	0.00	0.00	-28.04	0.00
Operating Cash Flow to Interest Expense	0.00	1,480.00	63.89	52.59	423.60	48.91	0.00	0.00	10.02	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	653.25	30.70	33.20	24.80	-11.75	0.00	0.00	-25.77	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.23	0.30	0.39	0.34	0.14	0.18	0.15	0.18	0.13	0.15
Accounts Receivable Turnover	9.10	10.73	13.85	13.50	5.91	7.87	6.87	6.85	5.30	7.09
Inventory Turnover	28.64	19.54	4.00	16.36	4.00	4.84	13.14	27.05	50.68	38.95
Fixed Asset Turnover	0.24	0.33	0.43	0.37	0.15	0.19	0.15	0.22	0.18	0.17
Accounts Payable Turnover	9.97	6.55	3.17	14.52	1.12	1.17	2.72	2.11	2.77	3.82
Days Sales Outstanding (DSO)	40.09	34.02	26.34	27.04	61.76	46.36	53.13	53.27	68.91	51.46
Days Inventory Outstanding (DIO)	12.75	18.68	91.25	22.31	91.25	75.45	27.77	13.49	7.20	9.37
Days Payable Outstanding (DPO)	36.60	55.76	115.30	25.13	325.89	313.00	134.07	173.06	131.73	95.56
Cash Conversion Cycle (CCC)	16.24	-3.06	2.29	24.22	-172.88	-191.19	-53.16	-106.29	-55.62	-34.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	52,298	22,957	21,050	18,559	14,978	19,670	18,425	6,947	3,457	2,576
Invested Capital Turnover	0.29	0.38	0.49	0.41	0.16	0.21	0.17	0.23	0.17	0.17
Increase / (Decrease) in Invested Capital	29,341	1,907	2,491	3,581	-4,692	1,245	11,478	3,490	881	-52
Enterprise Value (EV)	62,399	32,909	28,042	23,172	12,585	18,460	12,254	11,602	6,068	4,268
Market Capitalization	47,837	26,577	21,843	16,701	6,401	12,039	7,529	9,910	6,309	3,568
Book Value per Share	$129.24	$92.88	$85.28	$66.72	$55.67	$82.58	$135.30	$53.53	$47.36	$28.12
Tangible Book Value per Share	$129.24	$92.88	$85.28	$66.72	$55.67	$82.58	$135.30	$53.53	$47.36	$28.12
Total Capital	52,837	24,071	21,938	19,932	15,619	20,277	18,641	7,059	5,124	2,597
Total Debt	12,975	6,641	6,248	6,687	5,815	5,371	4,474	1,477	1,106	488
Total Long-Term Debt	12,075	6,641	6,238	6,642	5,624	5,371	4,474	1,477	1,106	488
Net Debt	12,436	5,527	5,518	5,314	5,174	4,764	4,258	1,365	-561	467
Capital Expenditures (CapEx)	11,320	3,307	3,286	1,454	1,994	3,397	3,294	3,180	1,186	892
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,965	-1,072	-478	-619	-551	-522	-309	-331	-84	-53
Debt-free Net Working Capital (DFNWC)	-1,801	-487	-314	53	-443	-394	-94	-219	1,583	-33
Net Working Capital (NWC)	-2,701	-487	-324	8.00	-634	-394	-94	-219	1,583	-33
Net Nonoperating Expense (NNE)	-86	253	614	857	839	290	-87	112	117	30
Net Nonoperating Obligations (NNO)	12,436	5,527	5,360	5,314	5,174	4,764	4,258	1,365	-561	467
Total Depreciation and Amortization (D&A)	2,850	1,746	1,344	1,275	1,311	1,454	623	331	181	220
Debt-free, Cash-free Net Working Capital to Revenue	-17.76%	-12.74%	-4.96%	-9.11%	-19.59%	-13.17%	-14.43%	-27.49%	-15.98%	-11.93%
Debt-free Net Working Capital to Revenue	-16.28%	-5.79%	-3.26%	0.78%	-15.75%	-9.94%	-4.39%	-18.16%	300.29%	-7.31%
Net Working Capital to Revenue	-24.41%	-5.79%	-3.36%	0.12%	-22.54%	-9.94%	-4.39%	-18.16%	300.29%	-7.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$15.53	$17.34	$24.61	$12.35	($28.59)	$1.47	$8.09	$4.95	($2.20)	($8.74)
Adjusted Weighted Average Basic Shares Outstanding	213.55M	180.00M	176.54M	176.64M	157.98M	163.49M	104.62M	97.46M	75.08M	63.02M
Adjusted Diluted Earnings per Share	$15.53	$17.34	$24.61	$12.30	($28.59)	$1.47	$8.06	$4.94	($2.20)	($8.74)
Adjusted Weighted Average Diluted Shares Outstanding	213.55M	180.00M	176.54M	177.36M	157.98M	163.84M	104.93M	97.69M	75.08M	63.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	289.44M	178.45M	183.59M	177.41M	158.02M	158.28M	164.38M	98.17M	90.14M	71.40M
Normalized Net Operating Profit after Tax (NOPAT)	3,864	3,598	5,187	3,194	382	1,292	889	424	124	52
Normalized NOPAT Margin	34.92%	42.77%	53.79%	46.99%	13.56%	32.60%	41.50%	35.15%	23.49%	11.68%
Pre Tax Income Margin	40.67%	50.50%	59.48%	42.77%	-205.33%	9.13%	51.96%	41.24%	-31.25%	-167.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	1,090.75	59.72	42.21	-1,112.80	10.64	0.00	0.00	-2.74	0.00
NOPAT to Interest Expense	0.00	897.22	52.28	41.77	-766.64	10.80	0.00	0.00	-1.45	0.00
EBIT Less CapEx to Interest Expense	0.00	264.00	26.53	22.83	-1,511.60	-50.02	0.00	0.00	-38.53	0.00
NOPAT Less CapEx to Interest Expense	0.00	70.47	19.09	22.38	-1,165.44	-49.86	0.00	0.00	-37.24	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	48.77%	47.15%	39.22%	18.63%	-7.04%	74.29%	14.29%	7.93%	-5.81%	-1.45%
Augmented Payout Ratio	74.68%	72.33%	63.28%	37.57%	-9.97%	275.56%	14.60%	8.12%	-6.52%	-1.56%

This table displays calculated financial ratios and metrics derived from Diamondback Energy's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	81.77%	66.56%	13.03%	29.39%	15.69%	9.75%	-3.98%	-30.67%	-20.06%	0.40%	27.59%
EBITDA Growth	96.81%	47.28%	-3.85%	35.82%	10.88%	3.59%	-9.71%	-44.72%	-2.39%	0.65%	51.53%
EBIT Growth	80.51%	11.29%	-28.30%	48.98%	8.63%	-3.22%	-18.43%	-58.02%	-11.18%	-2.48%	70.97%
NOPAT Growth	50.27%	35.68%	-47.78%	15.57%	9.23%	-4.61%	-20.20%	-49.70%	-38.36%	-3.31%	45.21%
Net Income Growth	84.30%	27.60%	-28.70%	52.56%	8.45%	-1.65%	-21.81%	-59.89%	-7.10%	-2.19%	88.43%
EPS Growth	12.85%	-36.33%	-37.08%	52.79%	10.31%	-4.81%	-24.55%	-61.54%	-10.80%	-0.88%	89.30%
Operating Cash Flow Growth	76.54%	44.15%	-10.97%	1.06%	-6.39%	12.70%	-29.45%	-11.37%	13.82%	23.48%	60.55%
Free Cash Flow Firm Growth	-53,968.91%	-2,847.39%	-1,670.70%	50.11%	101.97%	36.11%	-428.48%	-288.58%	-337.12%	41.48%	130.76%
Invested Capital Growth	130.06%	127.81%	132.84%	7.70%	3.69%	9.06%	13.84%	11.91%	18.68%	13.42%	4.48%
Revenue Q/Q Growth	9.08%	40.30%	6.52%	11.50%	-0.04%	-4.79%	21.94%	-0.31%	-5.17%	-16.70%	-11.96%
EBITDA Q/Q Growth	16.49%	55.20%	0.91%	7.67%	-13.25%	1.32%	42.54%	-12.10%	-18.64%	-11.68%	-12.73%
EBIT Q/Q Growth	33.84%	54.73%	-20.78%	9.72%	-18.01%	-0.31%	64.59%	-20.00%	-26.55%	-15.97%	-15.29%
NOPAT Q/Q Growth	1.59%	136.76%	-39.28%	2.90%	-8.28%	-8.88%	34.38%	-2.75%	-19.90%	-23.77%	-15.29%
Net Income Q/Q Growth	15.58%	82.20%	-20.81%	10.51%	-19.98%	1.81%	69.45%	-21.45%	-27.43%	-19.06%	-13.07%
EPS Q/Q Growth	42.06%	6.58%	-31.55%	8.88%	-19.85%	5.33%	66.23%	-21.39%	-30.84%	-16.52%	-15.26%
Operating Cash Flow Q/Q Growth	0.60%	93.63%	-20.93%	14.62%	-17.86%	19.59%	-10.24%	6.18%	-1.11%	-25.14%	12.77%
Free Cash Flow Firm Q/Q Growth	-2.60%	1.59%	-3,714.03%	-1,498.81%	106.16%	40.88%	-7.46%	44.73%	-81.94%	-403.97%	-38.31%
Invested Capital Q/Q Growth	1.78%	2.72%	120.83%	-0.36%	1.15%	4.99%	2.15%	-4.07%	6.00%	9.60%	0.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	87.82%	65.75%	73.61%	84.25%	90.88%	73.79%	84.70%	96.46%	86.49%	96.70%	97.09%
EBITDA Margin	74.68%	69.93%	63.21%	66.73%	69.11%	79.08%	74.32%	63.57%	72.10%	83.79%	79.03%
Operating Margin	41.33%	38.05%	26.84%	46.56%	50.20%	54.08%	57.27%	52.11%	53.25%	61.87%	66.23%
EBIT Margin	47.58%	38.78%	35.16%	47.28%	48.05%	58.03%	55.43%	41.06%	51.17%	65.81%	65.24%
Profit (Net Income) Margin	36.83%	34.76%	26.77%	36.00%	36.33%	45.38%	42.44%	30.54%	38.75%	50.64%	52.11%
Tax Burden Percent	78.72%	91.81%	77.12%	78.01%	78.39%	79.29%	78.25%	78.03%	78.28%	79.75%	81.41%
Interest Burden Percent	98.34%	97.64%	98.71%	97.62%	96.45%	98.61%	97.84%	95.30%	96.75%	96.48%	98.11%
Effective Tax Rate	21.28%	8.19%	22.88%	21.99%	21.61%	20.71%	21.75%	21.97%	21.72%	20.25%	18.59%
Return on Invested Capital (ROIC)	10.98%	10.27%	5.45%	15.16%	15.09%	16.40%	17.92%	16.68%	18.57%	24.03%	27.64%
ROIC Less NNEP Spread (ROIC-NNEP)	13.08%	10.20%	7.34%	15.00%	13.90%	17.42%	16.76%	12.76%	17.56%	24.52%	26.81%
Return on Net Nonoperating Assets (RNNOA)	3.63%	3.20%	2.23%	4.20%	4.60%	5.72%	5.06%	4.14%	6.53%	9.05%	10.54%
Return on Equity (ROE)	14.61%	13.47%	7.69%	19.36%	19.69%	22.12%	22.99%	20.82%	25.10%	33.07%	38.18%
Cash Return on Invested Capital (CROIC)	-68.21%	-68.37%	-70.81%	9.60%	12.50%	7.64%	4.76%	8.02%	5.63%	13.56%	23.33%
Operating Return on Assets (OROA)	12.29%	8.91%	7.18%	13.88%	14.62%	17.68%	17.55%	13.37%	18.41%	25.85%	27.05%
Return on Assets (ROA)	9.52%	7.99%	5.47%	10.57%	11.05%	13.83%	13.43%	9.95%	13.94%	19.89%	21.60%
Return on Common Equity (ROCE)	13.55%	12.78%	7.40%	18.39%	18.70%	21.13%	21.95%	19.64%	23.62%	30.97%	35.84%
Return on Equity Simple (ROE_SIMPLE)	11.39%	0.00%	9.14%	21.25%	20.05%	0.00%	20.60%	23.34%	29.13%	0.00%	33.12%
Net Operating Profit after Tax (NOPAT)	1,317	1,296	548	902	876	955	1,049	780	802	1,002	1,314
NOPAT Margin	32.54%	34.93%	20.70%	36.32%	39.35%	42.89%	44.81%	40.66%	41.68%	49.34%	53.92%
Net Nonoperating Expense Percent (NNEP)	-2.10%	0.07%	-1.89%	0.16%	1.19%	-1.02%	1.17%	3.91%	1.01%	-0.49%	0.83%
Return On Investment Capital (ROIC_SIMPLE)	2.37%	2.45%	-	-	-	3.97%	-	-	-	4.57%	-
Cost of Revenue to Revenue	12.18%	45.97%	26.39%	3.30%	3.46%	26.21%	15.30%	3.54%	13.51%	3.30%	2.91%
SG&A Expenses to Revenue	2.77%	-10.83%	3.18%	12.85%	14.14%	2.96%	3.46%	3.60%	3.84%	-13.79%	10.22%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	46.49%	27.19%	46.77%	38.10%	41.09%	19.70%	27.44%	44.35%	33.25%	34.83%	30.86%
Earnings before Interest and Taxes (EBIT)	1,926	1,439	930	1,174	1,070	1,293	1,297	788	985	1,336	1,590
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,023	2,595	1,672	1,657	1,539	1,762	1,739	1,220	1,388	1,701	1,926
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.20	1.27	0.82	2.02	2.05	1.60	1.60	1.43	1.49	1.46	1.36
Price to Tangible Book Value (P/TBV)	1.20	1.27	0.82	2.02	2.05	1.60	1.60	1.43	1.49	1.46	1.36
Price to Revenue (P/Rev)	3.59	4.32	3.21	3.80	3.98	3.16	3.18	2.68	2.52	2.27	1.95
Price to Earnings (P/E)	11.64	14.33	9.54	10.14	10.85	8.46	8.18	6.44	5.35	4.98	4.29
Dividend Yield	3.88%	4.51%	4.25%	2.95%	2.40%	2.21%	2.19%	2.52%	2.38%	2.26%	2.35%
Earnings Yield	8.59%	6.98%	10.48%	9.86%	9.22%	11.83%	12.23%	15.52%	18.70%	20.08%	23.31%
Enterprise Value to Invested Capital (EV/IC)	1.15	1.19	0.87	1.77	1.77	1.43	1.45	1.35	1.35	1.33	1.26
Enterprise Value to Revenue (EV/Rev)	4.74	5.64	4.62	4.41	4.69	3.91	3.86	3.47	3.29	2.91	2.51
Enterprise Value to EBITDA (EV/EBITDA)	6.82	8.36	6.66	6.09	6.52	5.39	5.23	4.63	4.16	3.86	3.33
Enterprise Value to EBIT (EV/EBIT)	11.15	13.53	9.87	8.43	9.16	7.54	7.18	6.14	5.19	4.74	4.06
Enterprise Value to NOPAT (EV/NOPAT)	15.08	17.26	13.49	10.81	11.16	9.17	8.71	7.40	6.44	5.42	4.64
Enterprise Value to Operating Cash Flow (EV/OCF)	8.21	9.73	7.77	6.99	7.02	5.56	5.52	4.58	4.63	4.43	3.99
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	19.16	14.40	19.57	32.40	17.77	25.98	10.44	5.51
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.33	0.33	0.33	0.65	0.37	0.38	0.37	0.40	0.43	0.40	0.37
Long-Term Debt to Equity	0.31	0.30	0.31	0.65	0.37	0.38	0.37	0.40	0.43	0.40	0.37
Financial Leverage	0.28	0.31	0.30	0.28	0.33	0.33	0.30	0.32	0.37	0.37	0.39
Leverage Ratio	1.67	1.68	1.68	1.82	1.68	1.67	1.65	1.67	1.70	1.70	1.72
Compound Leverage Factor	1.64	1.64	1.66	1.78	1.62	1.64	1.61	1.59	1.64	1.64	1.69
Debt to Total Capital	24.99%	24.56%	24.98%	39.27%	26.89%	27.59%	26.84%	28.75%	30.15%	28.48%	26.90%
Short-Term Debt to Total Capital	1.64%	1.70%	1.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.05%	0.05%
Long-Term Debt to Total Capital	23.35%	22.85%	23.04%	39.27%	26.89%	27.59%	26.84%	28.75%	30.11%	28.43%	26.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.88%	4.02%	2.69%	3.54%	4.34%	3.34%	3.03%	2.89%	2.85%	3.10%	3.59%
Common Equity to Total Capital	69.13%	71.42%	72.34%	57.19%	68.77%	69.07%	70.13%	68.35%	66.99%	68.42%	69.51%
Debt to EBITDA	1.55	1.74	1.94	1.78	1.06	1.09	1.03	1.05	0.96	0.86	0.74
Net Debt to EBITDA	1.28	1.67	1.82	0.67	0.82	0.90	0.81	0.95	0.88	0.76	0.64
Long-Term Debt to EBITDA	1.45	1.62	1.79	1.78	1.06	1.09	1.03	1.05	0.96	0.86	0.74
Debt to NOPAT	3.44	3.59	3.94	3.17	1.81	1.85	1.71	1.68	1.49	1.21	1.03
Net Debt to NOPAT	2.84	3.44	3.69	1.20	1.40	1.54	1.34	1.52	1.36	1.07	0.89
Long-Term Debt to NOPAT	3.21	3.34	3.64	3.17	1.81	1.85	1.71	1.68	1.49	1.21	1.03
Altman Z-Score	1.35	1.32	0.91	1.92	2.32	1.92	1.96	1.59	1.68	1.81	1.82
Noncontrolling Interest Sharing Ratio	7.26%	5.12%	3.75%	5.00%	5.06%	4.49%	4.50%	5.66%	5.90%	6.35%	6.13%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.86	0.44	0.45	3.66	0.92	0.77	0.89	0.43	0.62	0.81	0.61
Quick Ratio	0.72	0.36	0.40	3.62	0.87	0.68	0.84	0.33	0.42	0.51	0.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-28,775	-28,045	-28,498	-747	53	-952	-1,609	-1,498	-2,710	-1,489	490
Operating Cash Flow to CapEx	142.64%	126.47%	14.62%	342.06%	177.87%	111.08%	0.00%	257.31%	111.94%	105.03%	270.37%
Free Cash Flow to Firm to Interest Expense	0.00	-5,608.91	0.00	0.00	0.00	0.00	0.00	-374.43	0.00	-41.37	81.66
Operating Cash Flow to Interest Expense	0.00	468.20	0.00	0.00	0.00	0.00	0.00	378.25	0.00	40.03	320.83
Operating Cash Flow Less CapEx to Interest Expense	0.00	98.00	0.00	0.00	0.00	0.00	0.00	231.25	0.00	1.92	202.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.26	0.23	0.20	0.29	0.30	0.30	0.32	0.33	0.36	0.39	0.41
Accounts Receivable Turnover	10.18	9.10	7.95	12.23	10.28	10.73	9.31	9.64	9.99	13.85	12.08
Inventory Turnover	29.97	28.64	14.70	18.20	17.25	19.54	11.67	7.11	7.01	4.00	13.63
Fixed Asset Turnover	0.28	0.24	0.22	0.36	0.33	0.33	0.35	0.36	0.39	0.43	0.46
Accounts Payable Turnover	14.21	9.97	5.18	3.80	4.49	6.55	3.03	3.00	3.17	3.17	9.54
Days Sales Outstanding (DSO)	35.87	40.09	45.90	29.84	35.52	34.02	39.19	37.86	36.52	26.34	30.21
Days Inventory Outstanding (DIO)	12.18	12.75	24.82	20.06	21.15	18.68	31.26	51.30	52.09	91.25	26.79
Days Payable Outstanding (DPO)	25.69	36.60	70.42	96.14	81.26	55.76	120.45	121.80	115.31	115.30	38.27
Cash Conversion Cycle (CCC)	22.36	16.24	0.30	-46.24	-24.59	-3.06	-50.00	-32.64	-26.70	2.29	18.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	53,229	52,298	50,911	23,054	23,137	22,957	21,865	21,405	22,314	21,050	19,207
Invested Capital Turnover	0.34	0.29	0.26	0.42	0.38	0.38	0.40	0.41	0.45	0.49	0.51
Increase / (Decrease) in Invested Capital	30,092	29,341	29,046	1,649	823	1,907	2,658	2,278	3,512	2,491	824
Enterprise Value (EV)	61,032	62,399	44,237	40,885	40,892	32,909	31,672	28,874	30,091	28,042	24,159
Market Capitalization	46,276	47,837	30,755	35,279	34,705	26,577	26,087	22,281	23,098	21,843	18,795
Book Value per Share	$132.92	$129.24	$209.81	$97.83	$94.97	$92.88	$91.04	$85.89	$84.23	$85.28	$79.81
Tangible Book Value per Share	$132.92	$129.24	$209.81	$97.83	$94.97	$92.88	$91.04	$85.89	$84.23	$85.28	$79.81
Total Capital	55,653	52,837	51,742	30,507	24,648	24,071	23,214	22,755	23,083	21,938	19,915
Total Debt	13,910	12,975	12,923	11,980	6,629	6,641	6,230	6,543	6,960	6,248	5,357
Total Long-Term Debt	12,996	12,075	11,923	11,980	6,629	6,641	6,230	6,543	6,950	6,238	5,347
Net Debt	11,486	12,436	12,092	4,527	5,118	5,527	4,881	5,935	6,334	5,518	4,649
Capital Expenditures (CapEx)	1,651	1,851	8,272	447	750	1,462	-16	588	1,273	1,372	712
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,797	-1,965	-1,814	-1,223	-1,069	-1,072	-1,055	-1,226	-769	-478	-671
Debt-free Net Working Capital (DFNWC)	244	-1,801	-1,441	5,688	-170	-487	-225	-1,205	-716	-314	-637
Net Working Capital (NWC)	-670	-2,701	-2,441	5,688	-170	-487	-225	-1,205	-726	-324	-647
Net Nonoperating Expense (NNE)	-174	6.43	-160	7.80	67	-56	56	194	56	-26	44
Net Nonoperating Obligations (NNO)	11,486	12,436	12,092	4,527	5,118	5,527	4,881	5,193	6,191	5,360	4,649
Total Depreciation and Amortization (D&A)	1,097	1,156	742	483	469	469	442	432	403	365	336
Debt-free, Cash-free Net Working Capital to Revenue	-13.94%	-17.76%	-18.93%	-13.18%	-12.27%	-12.74%	-12.84%	-14.75%	-8.40%	-4.96%	-6.96%
Debt-free Net Working Capital to Revenue	1.89%	-16.28%	-15.04%	61.31%	-1.95%	-5.79%	-2.74%	-14.50%	-7.82%	-3.26%	-6.61%
Net Working Capital to Revenue	-5.20%	-24.41%	-25.47%	61.31%	-1.95%	-5.79%	-2.74%	-14.50%	-7.93%	-3.36%	-6.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.83	$3.40	$3.19	$4.66	$4.28	$5.34	$5.07	$3.05	$3.88	$5.61	$6.72
Adjusted Weighted Average Basic Shares Outstanding	289.61M	213.55M	204.73M	178.36M	178.48M	180.00M	178.87M	180.37M	181.99M	176.54M	174.41M
Adjusted Diluted Earnings per Share	$4.83	$3.40	$3.19	$4.66	$4.28	$5.34	$5.07	$3.05	$3.88	$5.61	$6.72
Adjusted Weighted Average Diluted Shares Outstanding	289.61M	213.55M	204.73M	178.36M	178.48M	180.00M	178.87M	180.37M	181.99M	176.54M	174.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	292.17M	289.44M	291.99M	178.39M	178.34M	178.45M	178.98M	178.82M	181.09M	183.59M	176.00M
Normalized Net Operating Profit after Tax (NOPAT)	1,346	1,324	747	904	886	955	1,049	782	809	1,004	1,323
Normalized NOPAT Margin	33.25%	35.68%	28.23%	36.41%	39.78%	42.89%	44.84%	40.74%	42.01%	49.46%	54.28%
Pre Tax Income Margin	46.79%	37.86%	34.71%	46.15%	46.34%	57.23%	54.23%	39.14%	49.51%	63.50%	64.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	287.80	0.00	0.00	0.00	0.00	0.00	197.00	0.00	37.11	265.00
NOPAT to Interest Expense	0.00	259.29	0.00	0.00	0.00	0.00	0.00	195.07	0.00	27.82	218.99
EBIT Less CapEx to Interest Expense	0.00	-82.40	0.00	0.00	0.00	0.00	0.00	50.00	0.00	-1.00	146.33
NOPAT Less CapEx to Interest Expense	0.00	-110.91	0.00	0.00	0.00	0.00	0.00	48.07	0.00	-10.29	100.33
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.46%	48.77%	61.98%	49.10%	46.75%	47.15%	40.53%	49.09%	49.08%	39.22%	32.41%
Augmented Payout Ratio	70.50%	74.68%	82.09%	55.27%	62.93%	72.33%	71.10%	88.79%	80.67%	63.28%	58.39%

Frequently Asked Questions About Diamondback Energy's Financials

When does Diamondback Energy's fiscal year end?

According to the most recent income statement we have on file, Diamondback Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Diamondback Energy's net income changed over the last 9 years?

Diamondback Energy's net income appears to be on an upward trend, with a most recent value of $3.70 billion in 2024, falling from -$547.79 million in 2015. The previous period was $3.34 billion in 2023. View Diamondback Energy's forecast to see where analysts expect Diamondback Energy to go next.

What is Diamondback Energy's operating income?

Diamondback Energy's total operating income in 2024 was $4.40 billion, based on the following breakdown:

Total Gross Profit: $8.50 billion
Total Operating Expenses: $4.11 billion

How has Diamondback Energy revenue changed over the last 9 years?

Over the last 9 years, Diamondback Energy's total revenue changed from $446.73 million in 2015 to $11.07 billion in 2024, a change of 2,377.1%.

How much debt does Diamondback Energy have?

Diamondback Energy's total liabilities were at $27.43 billion at the end of 2024, a 137.1% increase from 2023, and a 4,174.3% increase since 2015.

How much cash does Diamondback Energy have?

In the past 9 years, Diamondback Energy's cash and equivalents has ranged from $20.12 million in 2015 to $1.67 billion in 2016, and is currently $161 million as of their latest financial filing in 2024.

How has Diamondback Energy's book value per share changed over the last 9 years?

Over the last 9 years, Diamondback Energy's book value per share changed from 28.12 in 2015 to 129.24 in 2024, a change of 359.5%.

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This page (NASDAQ:FANG) was last updated on 5/21/2025 by MarketBeat.com Staff

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