Diamondback Energy, Inc. (FANG)
Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States. The company primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the Permian Basin in West Texas and New Mexico. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
- Symbol
- FANG
- Exchange
- Nasdaq
- Sector
- Energy
- Industry
- Oil & Gas E&P
- Market cap
- $52.09B
- 52 week range
- 137.03 - 216.9
Valuation
- Share price
- $185.65 (close of 2026-09-23)
- P/E (TTM)
- 35.36x
- Price to book
- 1.18x
- Price to free cash flow
- 5.14x
- Enterprise value
- $64.24B
- Book value per share
- $156.77
Price performance
| Period | Change |
|---|
| 1 day | -1.91% |
| 5 days | -12.23% |
| 1 month | -11.90% |
| 3 months | -1.20% |
| 6 months | -3.20% |
| Year to date | +23.49% |
| 1 year | +30.57% |
| 3 years | +23.30% |
| 5 years | +111.30% |
| 10 years | +108.78% |
| All time | +960.86% |
Profitability and growth
- Return on equity
- 3.87%
- Return on invested capital
- 1.63%
- Return on assets
- 2.34%
- Return on capital employed
- 1.90%
- Gross margin
- 10.34%
- Net margin
- 11.07%
- EBITDA margin
- 41.95%
- Revenue growth
- 35.79%
- Net income growth
- -50.15%
- Free cash flow growth
- 36.57%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 19.47%
- Current ratio
- 0.47x
- Net debt to EBITDA
- 1.65x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $15.03B
- Cost of revenue
- $13.47B
- Gross profit
- $1.55B
- EBITDA
- $6.30B
- Net income
- $1.66B
- Earnings per share
- $5.73
- Interest expense
- $244.00M
- Shares outstanding
- 289.08M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $15.03B | $1.55B | $1.66B | $5.73 |
| 2024-12-31 | $11.07B | $4.61B | $3.34B | $15.53 |
| 2023-12-31 | $8.41B | $4.72B | $3.14B | $17.34 |
| 2022-12-31 | $9.57B | $6.65B | $4.39B | $24.61 |
| 2021-12-31 | $6.75B | $4.15B | $2.18B | $12.24 |
| 2020-12-31 | $2.76B | - | $-4.52B | $-28.61 |
| 2019-12-31 | $3.89B | $799.00M | $240.00M | $1.47 |
| 2018-12-31 | $2.13B | $1.08B | $846.00M | $8.09 |
| 2017-12-31 | $1.21B | $653.00M | $482.00M | $4.95 |
| 2016-12-31 | $527.11M | - | $-165.03M | $-2.20 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 10.34% | 11.07% | 3.87% | 1.63% |
| 2024-12-31 | 41.65% | 30.16% | 8.37% | 6.78% |
| 2023-12-31 | 56.11% | 37.36% | 18.03% | 15.47% |
| 2022-12-31 | 69.54% | 45.85% | 27.95% | 24.34% |
| 2021-12-31 | 61.46% | 32.34% | 16.47% | 17.48% |
| 2020-12-31 | - | -163.90% | -46.07% | -28.18% |
| 2019-12-31 | 20.56% | 6.17% | 1.61% | 3.21% |
| 2018-12-31 | 50.52% | 39.72% | 5.97% | 4.58% |
| 2017-12-31 | 54.19% | 40.00% | 8.64% | 8.71% |
| 2016-12-31 | - | -31.31% | -4.11% | -1.98% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $104.00M | $13.73B |
| 2024-12-31 | $161.00M | $12.07B |
| 2023-12-31 | $582.00M | $6.64B |
| 2022-12-31 | $157.00M | $6.24B |
| 2021-12-31 | $654.00M | $6.64B |
| 2020-12-31 | $104.00M | $5.62B |
| 2019-12-31 | $123.00M | $5.37B |
| 2018-12-31 | $215.00M | $4.46B |
| 2017-12-31 | $112.45M | $1.48B |
| 2016-12-31 | $1.67B | $1.11B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $8.76B | - |
| 2024-12-31 | $6.41B | $65.00M |
| 2023-12-31 | $5.92B | $54.00M |
| 2022-12-31 | $6.33B | $55.00M |
| 2021-12-31 | $3.94B | $51.00M |
| 2020-12-31 | $2.12B | $37.00M |
| 2019-12-31 | $2.74B | $48.00M |
| 2018-12-31 | $1.56B | $27.00M |
| 2017-12-31 | $889.00M | $26.00M |
| 2016-12-31 | $332.08M | $26.45M |
Dividend history
- Most recent payment
- 2026-08-13
- Paid in the last twelve months
- $4.25
| Payment date | Dividend per share |
|---|
| 2026-08-13 | $1.10 |
| 2026-05-14 | $1.10 |
| 2026-03-05 | $1.05 |
| 2025-11-13 | $1.00 |
| 2025-08-14 | $1.00 |
| 2025-05-15 | $1.00 |
| 2025-03-06 | $1.00 |
| 2024-11-14 | $0.90 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-02
- Consensus EPS estimate
- $4.48
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-03 | Jun/2026 | $5.96 |
| 2026-05-04 | - | - |
| 2026-02-23 | - | - |
| 2025-11-03 | - | - |
| 2025-08-04 | - | - |
| 2025-05-05 | - | - |
| 2025-02-24 | - | - |
| 2024-11-04 | - | - |
Filings and sources
- Company website
- diamondbackenergy.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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