Diamondback Ener Financials
This page shows Diamondback Ener (FANG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Diamondback Ener has an operating margin of 39.7%, meaning the company retains $40 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 54.3% the prior year.
Diamondback Ener's revenue surged 31.6% year-over-year to $11.1B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Diamondback Ener carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
Diamondback Ener's current ratio of 0.44 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
Diamondback Ener's ROE of 8.8% shows moderate profitability relative to equity, earning a score of 35/100. This is down from 18.9% the prior year.
Diamondback Ener scores 1.47, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($48.1B) relative to total liabilities ($27.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Diamondback Ener passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Diamondback Ener generates $1.92 in operating cash flow ($6.4B OCF vs $3.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Diamondback Ener earns $32.6 in operating income for every $1 of interest expense ($4.4B vs $135.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Diamondback Ener generated $11.1B in revenue in fiscal year 2024. This represents an increase of 31.6% from the prior year.
Diamondback Ener's EBITDA was $7.2B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.7% from the prior year.
Diamondback Ener reported $3.3B in net income in fiscal year 2024. This represents an increase of 6.2% from the prior year.
Diamondback Ener earned $15.53 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 10.4% from the prior year.
Diamondback Ener held $161.0M in cash against $12.1B in long-term debt as of fiscal year 2024.
Diamondback Ener paid $8.29 per share in dividends in fiscal year 2024. This represents an increase of 3.8% from the prior year.
Diamondback Ener had 291M shares outstanding in fiscal year 2024. This represents an increase of 62.8% from the prior year.
Diamondback Ener's operating margin was 39.7% in fiscal year 2024, reflecting core business profitability. This is down 14.6 percentage points from the prior year.
Diamondback Ener's net profit margin was 30.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 7.2 percentage points from the prior year.
Diamondback Ener's ROE was 8.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 10.1 percentage points from the prior year.
Diamondback Ener spent $959.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 14.2% from the prior year.
FANG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9B+6.7% | $3.7B-9.1% | $4.0B+9.1% | $3.7B+49.5% | $2.5B+11.5% | $2.2B0.0% | $2.2B-4.8% | $2.3B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $70.0M+4.5% | $67.0M-8.2% | $73.0M+1.4% | $72.0M+56.5% | $46.0M0.0% | $46.0M+17.9% | $39.0M+14.7% | $34.0M |
| Operating Income | $1.2B+8.5% | $1.1B-31.9% | $1.7B+18.5% | $1.4B+22.1% | $1.2B+3.4% | $1.1B-7.2% | $1.2B-10.1% | $1.3B |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $287.0M+40.7% | $204.0M-49.4% | $403.0M+250.4% | $115.0M-54.4% | $252.0M+13.0% | $223.0M-15.5% | $264.0M-4.3% | $276.0M |
| Net Income | $1.0B+45.6% | $699.0M-50.2% | $1.4B+30.8% | $1.1B+28.3% | $837.0M+9.0% | $768.0M-20.0% | $960.0M+4.9% | $915.0M |
| EPS (Diluted) | $3.51+47.5% | $2.38-50.7% | $4.83+42.1% | $3.40-27.0% | $4.66+8.9% | $4.28-19.9% | $5.34+5.3% | $5.07 |
FANG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $76.2B+5.9% | $71.9B+2.7% | $70.1B+4.1% | $67.3B+88.8% | $35.6B+20.0% | $29.7B+2.4% | $29.0B+3.4% | $28.0B |
| Current Assets | $2.6B+24.9% | $2.1B-49.4% | $4.1B+93.5% | $2.1B-73.0% | $7.8B+301.7% | $1.9B+20.2% | $1.6B-15.4% | $1.9B |
| Cash & Equivalents | $159.0M-27.4% | $219.0M-87.9% | $1.8B+1028.0% | $161.0M-97.7% | $6.9B+671.0% | $896.0M+54.0% | $582.0M-29.6% | $827.0M |
| Inventory | $86.0M-25.2% | $115.0M-1.7% | $117.0M+0.9% | $116.0M+110.9% | $55.0M-3.5% | $57.0M-9.5% | $63.0M-10.0% | $70.0M |
| Accounts Receivable | $1.3B+0.2% | $1.3B-4.2% | $1.3B-3.8% | $1.4B+95.1% | $711.0M-3.1% | $734.0M+12.2% | $654.0M-17.1% | $789.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $30.6B+5.0% | $29.1B+2.8% | $28.3B+3.3% | $27.4B+60.3% | $17.1B+46.6% | $11.7B+0.9% | $11.6B+4.6% | $11.1B |
| Current Liabilities | $4.1B+10.2% | $3.8B-20.9% | $4.8B-1.2% | $4.8B+125.1% | $2.1B+0.9% | $2.1B+0.5% | $2.1B-1.5% | $2.1B |
| Long-Term Debt | $15.8B+4.8% | $15.1B+16.3% | $13.0B+7.6% | $12.1B+0.8% | $12.0B+80.7% | $6.6B-0.2% | $6.6B+6.6% | $6.2B |
| Total Equity | $39.1B+0.5% | $38.9B+1.1% | $38.5B+2.0% | $37.7B+116.3% | $17.4B+2.9% | $16.9B+2.0% | $16.6B+2.1% | $16.3B |
| Retained Earnings | $6.5B+12.6% | $5.8B+7.6% | $5.4B+26.3% | $4.2B+33.0% | $3.2B+17.8% | $2.7B+8.7% | $2.5B+16.5% | $2.1B |
FANG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.4B+42.1% | $1.7B-28.8% | $2.4B+0.6% | $2.3B+53.1% | $1.5B+14.6% | $1.3B-17.9% | $1.6B+19.6% | $1.4B |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$2.1B+48.3% | -$4.0B-140.7% | -$1.7B+10.9% | -$1.9B-313.1% | -$449.0M+40.2% | -$751.0M+48.7% | -$1.5B-9860.0% | $15.0M |
| Financing Cash Flow | $7.0M-98.5% | $482.0M-59.0% | $1.2B+269.1% | -$695.0M-114.1% | $4.9B+1933.5% | -$269.0M+33.6% | -$405.0M+28.2% | -$564.0M |
| Dividends Paid | $291.0M-0.7% | $293.0M+1.0% | $290.0M+10.3% | $263.0M-25.9% | $355.0M-35.2% | $548.0M-9.7% | $607.0M+302.0% | $151.0M |
| Share Buybacks | $603.0M+51.5% | $398.0M-30.8% | $575.0M+43.0% | $402.0M | $0-100.0% | $42.0M-67.9% | $131.0M+133.9% | $56.0M |
FANG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 31.5%+0.5pp | 31.0%-10.4pp | 41.3%+3.3pp | 38.0%-8.5pp | 46.6%-3.6pp | 50.2%-3.9pp | 54.1%-3.2pp | 57.3% |
| Net Margin | 25.9%+6.9pp | 19.0%-15.7pp | 34.7%+5.8pp | 28.9%-4.8pp | 33.7%-0.8pp | 34.5%-8.6pp | 43.1%+4.0pp | 39.1% |
| Return on Equity | 2.6%+0.8pp | 1.8%-1.8pp | 3.6%+0.8pp | 2.9%-1.9pp | 4.8%+0.3pp | 4.5%-1.2pp | 5.8%+0.2pp | 5.6% |
| Return on Assets | 1.3%+0.4pp | 1.0%-1.0pp | 2.0%+0.4pp | 1.6%-0.8pp | 2.4%-0.2pp | 2.6%-0.7pp | 3.3%+0.1pp | 3.3% |
| Current Ratio | 0.62+0.1 | 0.55-0.3 | 0.86+0.4 | 0.44-3.2 | 3.66+2.7 | 0.92+0.2 | 0.77-0.1 | 0.89 |
| Debt-to-Equity | 0.41+0.0 | 0.39+0.1 | 0.34+0.0 | 0.32-0.4 | 0.69+0.3 | 0.390.0 | 0.40+0.0 | 0.38 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.44), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Diamondback Ener's annual revenue?
Diamondback Ener (FANG) reported $11.1B in total revenue for fiscal year 2024. This represents a 31.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Diamondback Ener's revenue growing?
Diamondback Ener (FANG) revenue grew by 31.6% year-over-year, from $8.4B to $11.1B in fiscal year 2024.
Is Diamondback Ener profitable?
Yes, Diamondback Ener (FANG) reported a net income of $3.3B in fiscal year 2024, with a net profit margin of 30.2%.
What is Diamondback Ener's earnings per share (EPS)?
Diamondback Ener (FANG) reported diluted earnings per share of $15.53 for fiscal year 2024. This represents a -10.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Diamondback Ener's EBITDA?
Diamondback Ener (FANG) had EBITDA of $7.2B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Diamondback Ener have?
As of fiscal year 2024, Diamondback Ener (FANG) had $161.0M in cash and equivalents against $12.1B in long-term debt.
What is Diamondback Ener's operating margin?
Diamondback Ener (FANG) had an operating margin of 39.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Diamondback Ener's net profit margin?
Diamondback Ener (FANG) had a net profit margin of 30.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Diamondback Ener pay dividends?
Yes, Diamondback Ener (FANG) paid $8.29 per share in dividends during fiscal year 2024.
What is Diamondback Ener's return on equity (ROE)?
Diamondback Ener (FANG) has a return on equity of 8.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Diamondback Ener's operating cash flow?
Diamondback Ener (FANG) generated $6.4B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Diamondback Ener's total assets?
Diamondback Ener (FANG) had $67.3B in total assets as of fiscal year 2024, including both current and long-term assets.
Does Diamondback Ener buy back shares?
Yes, Diamondback Ener (FANG) spent $959.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Diamondback Ener have outstanding?
Diamondback Ener (FANG) had 291M shares outstanding as of fiscal year 2024.
What is Diamondback Ener's current ratio?
Diamondback Ener (FANG) had a current ratio of 0.44 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Diamondback Ener's debt-to-equity ratio?
Diamondback Ener (FANG) had a debt-to-equity ratio of 0.32 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Diamondback Ener's return on assets (ROA)?
Diamondback Ener (FANG) had a return on assets of 5.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Diamondback Ener's Altman Z-Score?
Diamondback Ener (FANG) has an Altman Z-Score of 1.47, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Diamondback Ener's Piotroski F-Score?
Diamondback Ener (FANG) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Diamondback Ener's earnings high quality?
Diamondback Ener (FANG) has an earnings quality ratio of 1.92x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Diamondback Ener cover its interest payments?
Diamondback Ener (FANG) has an interest coverage ratio of 32.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Diamondback Ener?
Diamondback Ener (FANG) scores 67 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.