What is Diamondback Ener's earnings per share (EPS)?

Diamondback Ener (FANG) reported diluted earnings per share of $5.73 for fiscal year 2025. This represents a -63.1% 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.

Diamondback Ener Financials

FANG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Diamondback Ener (FANG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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

Financial Profile 50/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Diamondback Ener has an operating margin of 8.4%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 41/100, indicating healthy but not exceptional operating efficiency. This is down from 39.7% the prior year.

Growth

Diamondback Ener's revenue surged 35.8% year-over-year to $15.0B, reflecting rapid business expansion. This strong growth earns a score of 93/100.

Leverage

Diamondback Ener carries a low D/E ratio of 0.37, meaning only $0.37 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Diamondback Ener's current ratio of 0.42 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 2/100, which could limit financial flexibility.

Returns

Diamondback Ener generates a 4.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 21/100. This is down from 8.8% the prior year.

Altman Z-Score Distress

1.48

Diamondback Ener scores 1.48, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($54.5B) relative to total liabilities ($28.1B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

Diamondback Ener passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

5.26x

For every $1 of reported earnings, Diamondback Ener generates $5.26 in operating cash flow ($8.8B OCF vs $1.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

5.2x

Diamondback Ener earns $5.2 in operating income for every $1 of interest expense ($1.3B vs $244.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$15.0B

YoY+35.8%

5Y CAGR+39.8%

Diamondback Ener generated $15.0B in revenue in fiscal year 2025. This represents an increase of 35.8% from the prior year.

EBITDA

$6.3B

YoY-13.0%

Diamondback Ener's EBITDA was $6.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 13.0% from the prior year.

Net Income

$1.7B

YoY-50.1%

Diamondback Ener reported $1.7B in net income in fiscal year 2025. This represents a decrease of 50.1% from the prior year.

EPS (Diluted)

$5.73

YoY-63.1%

Diamondback Ener earned $5.73 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 63.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$104.0M

YoY-35.4%

5Y CAGR+0.0%

10Y CAGR+17.9%

Diamondback Ener held $104.0M in cash against $13.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$4.00

YoY-51.7%

5Y CAGR+21.3%

Diamondback Ener paid $4.00 per share in dividends in fiscal year 2025. This represents a decrease of 51.7% from the prior year.

Shares Outstanding

285M

YoY-2.2%

5Y CAGR+12.5%

10Y CAGR+15.6%

Diamondback Ener had 285M shares outstanding in fiscal year 2025. This represents a decrease of 2.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

8.4%

YoY-31.3pp

5Y CAGR+203.1pp

Diamondback Ener's operating margin was 8.4% in fiscal year 2025, reflecting core business profitability. This is down 31.3 percentage points from the prior year.

Net Margin

11.1%

YoY-19.1pp

5Y CAGR+171.6pp

Diamondback Ener's net profit margin was 11.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 19.1 percentage points from the prior year.

Return on Equity

4.5%

YoY-4.3pp

5Y CAGR+55.9pp

10Y CAGR+33.8pp

Diamondback Ener's ROE was 4.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

FANG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$15.0B+35.8%	$11.1B+31.6%	$8.4B-12.8%	$9.6B+41.9%	$6.8B+141.6%	$2.8B
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$288.0M+35.2%	$213.0M+42.0%	$150.0M+4.2%	$144.0M-1.4%	$146.0M+65.9%	$88.0M
Operating Income	$1.3B-71.2%	$4.4B-3.8%	$4.6B-29.8%	$6.5B+62.7%	$4.0B+173.1%	-$5.5B
Interest Expense	$244.0M+80.7%	$135.0M-15.1%	$159.0M+3.2%	$154.0M-22.6%	$199.0M+1.0%	$197.0M
Income Tax	$327.0M-59.1%	$800.0M-12.3%	$912.0M-22.3%	$1.2B+86.1%	$631.0M+157.2%	-$1.1B
Net Income	$1.7B-50.1%	$3.3B+6.2%	$3.1B-28.3%	$4.4B+101.0%	$2.2B+148.3%	-$4.5B
EPS (Diluted)	$5.73-63.1%	$15.53-10.4%	$17.34-29.5%	$24.61+101.1%	$12.24+142.8%	$-28.61

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$3.4B-14.0%	$3.9B+6.7%	$3.7B-9.1%	$4.0B+9.1%	$3.7B+40.3%	$2.6B+6.5%	$2.5B+11.5%	$2.2B
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	$78.0M+11.4%	$70.0M+4.5%	$67.0M-8.2%	$73.0M+1.4%	$72.0M+46.9%	$49.0M+6.5%	$46.0M0.0%	$46.0M
Operating Income	-$2.8B-325.1%	$1.2B+8.5%	$1.1B-31.9%	$1.7B+18.5%	$1.4B+98.9%	$710.0M-38.6%	$1.2B+3.4%	$1.1B
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$567.0M-297.6%	$287.0M+40.7%	$204.0M-49.4%	$403.0M+250.4%	$115.0M-45.2%	$210.0M-16.7%	$252.0M+13.0%	$223.0M
Net Income	-$1.5B-243.2%	$1.0B+45.6%	$699.0M-50.2%	$1.4B+30.8%	$1.1B+63.0%	$659.0M-21.3%	$837.0M+9.0%	$768.0M
EPS (Diluted)	N/A	$3.51+47.5%	$2.38-50.7%	$4.83	N/A	$3.19-31.5%	$4.66+8.9%	$4.28

FANG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$71.1B+5.6%	$67.3B+132.0%	$29.0B+10.7%	$26.2B+14.5%	$22.9B+30.0%	$17.6B
Current Assets	$1.9B-9.2%	$2.1B+30.2%	$1.6B+16.5%	$1.4B-3.7%	$1.4B+140.2%	$602.0M
Cash & Equivalents	$104.0M-35.4%	$161.0M-72.3%	$582.0M+270.7%	$157.0M-76.0%	$654.0M+528.8%	$104.0M
Inventory	$86.0M-25.9%	$116.0M+84.1%	$63.0M-6.0%	$67.0M+8.1%	$62.0M+87.9%	$33.0M
Accounts Receivable	$1.1B-18.7%	$1.4B+112.1%	$654.0M+5.8%	$618.0M+3.3%	$598.0M+112.8%	$281.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$28.1B+2.4%	$27.4B+137.1%	$11.6B+10.0%	$10.5B+9.0%	$9.7B+23.5%	$7.8B
Current Liabilities	$4.6B-4.4%	$4.8B+128.2%	$2.1B+22.8%	$1.7B+19.3%	$1.4B+16.3%	$1.2B
Long-Term Debt	$13.7B+13.7%	$12.1B+81.8%	$6.6B+6.5%	$6.2B-6.1%	$6.6B+18.1%	$5.6B
Total Equity	$37.0B-2.0%	$37.7B+127.0%	$16.6B+10.8%	$15.0B+24.2%	$12.1B+37.5%	$8.8B
Retained Earnings	$4.7B+11.8%	$4.2B+70.3%	$2.5B+210.7%	$801.0M+140.1%	-$2.0B+48.3%	-$3.9B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$71.1B-6.8%	$76.2B+5.9%	$71.9B+2.7%	$70.1B+4.1%	$67.3B+2.3%	$65.7B+84.5%	$35.6B+20.0%	$29.7B
Current Assets	$1.9B-25.8%	$2.6B+24.9%	$2.1B-49.4%	$4.1B+93.5%	$2.1B+4.4%	$2.0B-74.2%	$7.8B+301.7%	$1.9B
Cash & Equivalents	$104.0M-34.6%	$159.0M-27.4%	$219.0M-87.9%	$1.8B+1028.0%	$161.0M-56.5%	$370.0M-94.6%	$6.9B+671.0%	$896.0M
Inventory	$86.0M0.0%	$86.0M-25.2%	$115.0M-1.7%	$117.0M+0.9%	$116.0M-7.9%	$126.0M+129.1%	$55.0M-3.5%	$57.0M
Accounts Receivable	$1.1B-11.9%	$1.3B+0.2%	$1.3B-4.2%	$1.3B-3.8%	$1.4B+15.9%	$1.2B+68.4%	$711.0M-3.1%	$734.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$28.1B-8.1%	$30.6B+5.0%	$29.1B+2.8%	$28.3B+3.3%	$27.4B+1.9%	$26.9B+57.4%	$17.1B+46.6%	$11.7B
Current Liabilities	$4.6B+11.1%	$4.1B+10.2%	$3.8B-20.9%	$4.8B-1.2%	$4.8B+7.8%	$4.5B+108.8%	$2.1B+0.9%	$2.1B
Long-Term Debt	$13.7B-13.4%	$15.8B+4.8%	$15.1B+16.3%	$13.0B+7.6%	$12.1B+1.3%	$11.9B-0.5%	$12.0B+80.7%	$6.6B
Total Equity	$37.0B-5.4%	$39.1B+0.5%	$38.9B+1.1%	$38.5B+2.0%	$37.7B+0.8%	$37.4B+114.5%	$17.4B+2.9%	$16.9B
Retained Earnings	$4.7B-26.9%	$6.5B+12.6%	$5.8B+7.6%	$5.4B+26.3%	$4.2B+23.7%	$3.4B+7.5%	$3.2B+17.8%	$2.7B

FANG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$8.8B+36.6%	$6.4B+8.3%	$5.9B-6.4%	$6.3B+60.4%	$3.9B+86.2%	$2.1B
Capital Expenditures	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
Investing Cash Flow	-$7.8B+30.4%	-$11.2B-237.7%	-$3.3B+0.2%	-$3.3B-116.4%	-$1.5B+26.7%	-$2.1B
Financing Cash Flow	-$1.0B-123.0%	$4.4B+301.6%	-$2.2B+37.9%	-$3.5B-90.3%	-$1.8B-4875.7%	-$37.0M
Dividends Paid	$1.2B-26.7%	$1.6B+9.3%	$1.4B-8.1%	$1.6B+403.8%	$312.0M+32.2%	$236.0M
Share Buybacks	N/A	$959.0M+14.2%	$840.0M-23.5%	$1.1B+154.8%	$431.0M+339.8%	$98.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$2.3B-1.7%	$2.4B+42.1%	$1.7B-28.8%	$2.4B+0.6%	$2.3B+93.6%	$1.2B-20.9%	$1.5B+14.6%	$1.3B
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	-$118.0M+94.3%	-$2.1B+48.3%	-$4.0B-140.7%	-$1.7B+10.9%	-$1.9B+77.3%	-$8.2B-1718.7%	-$449.0M+40.2%	-$751.0M
Financing Cash Flow	-$2.7B-38257.1%	$7.0M-98.5%	$482.0M-59.0%	$1.2B+269.1%	-$695.0M-265.9%	$419.0M-91.5%	$4.9B+1933.5%	-$269.0M
Dividends Paid	$288.0M-1.0%	$291.0M-0.7%	$293.0M+1.0%	$290.0M+10.3%	$263.0M-37.2%	$419.0M+18.0%	$355.0M-35.2%	$548.0M
Share Buybacks	N/A	$603.0M+51.5%	$398.0M-30.8%	$575.0M+43.0%	$402.0M-21.9%	$515.0M	$0-100.0%	$42.0M

FANG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	8.4%-31.3pp	39.7%-14.6pp	54.3%-13.2pp	67.5%+8.6pp	58.9%+253.5pp	-194.7%
Net Margin	11.1%-19.1pp	30.2%-7.2pp	37.4%-8.1pp	45.5%+13.4pp	32.1%+192.7pp	-160.6%
Return on Equity	4.5%-4.3pp	8.8%-10.1pp	18.9%-10.3pp	29.2%+11.2pp	18.1%+69.4pp	-51.4%
Return on Assets	2.3%-2.6pp	5.0%-5.9pp	10.8%-5.9pp	16.7%+7.2pp	9.5%+35.2pp	-25.6%
Current Ratio	0.42-0.0	0.44-0.3	0.77-0.0	0.81-0.2	1.01+0.5	0.49
Debt-to-Equity	0.37+0.1	0.32-0.1	0.40-0.0	0.42-0.1	0.55-0.1	0.64
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-82.4%-113.9pp	31.5%+0.5pp	31.0%-10.4pp	41.3%+3.3pp	38.0%+11.2pp	26.8%-19.7pp	46.6%-3.6pp	50.2%
Net Margin	-43.2%-69.1pp	25.9%+6.9pp	19.0%-15.7pp	34.7%+5.8pp	28.9%+4.0pp	24.9%-8.8pp	33.7%-0.8pp	34.5%
Return on Equity	-3.9%-6.5pp	2.6%+0.8pp	1.8%-1.8pp	3.6%+0.8pp	2.9%+1.1pp	1.8%-3.0pp	4.8%+0.3pp	4.5%
Return on Assets	-2.1%-3.4pp	1.3%+0.4pp	1.0%-1.0pp	2.0%+0.4pp	1.6%+0.6pp	1.0%-1.4pp	2.4%-0.2pp	2.6%
Current Ratio	0.42-0.2	0.62+0.1	0.55-0.3	0.86+0.4	0.44-0.0	0.45-3.2	3.66+2.7	0.92
Debt-to-Equity	0.37-0.0	0.41+0.0	0.39+0.1	0.34+0.0	0.320.0	0.32-0.4	0.69+0.3	0.39
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 (0.42), 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 $15.0B in total revenue for fiscal year 2025. This represents a 35.8% 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 35.8% year-over-year, from $11.1B to $15.0B in fiscal year 2025.

Is Diamondback Ener profitable?

Yes, Diamondback Ener (FANG) reported a net income of $1.7B in fiscal year 2025, with a net profit margin of 11.1%.

What is Diamondback Ener's EBITDA?

Diamondback Ener (FANG) had EBITDA of $6.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Diamondback Ener have?

As of fiscal year 2025, Diamondback Ener (FANG) had $104.0M in cash and equivalents against $13.7B in long-term debt.

What is Diamondback Ener's operating margin?

Diamondback Ener (FANG) had an operating margin of 8.4% in fiscal year 2025, 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 11.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Diamondback Ener pay dividends?

Yes, Diamondback Ener (FANG) paid $4.00 per share in dividends during fiscal year 2025.

What is Diamondback Ener's return on equity (ROE)?

Diamondback Ener (FANG) has a return on equity of 4.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Diamondback Ener's operating cash flow?

Diamondback Ener (FANG) generated $8.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Diamondback Ener's total assets?

Diamondback Ener (FANG) had $71.1B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Diamondback Ener have outstanding?

Diamondback Ener (FANG) had 285M shares outstanding as of fiscal year 2025.

What is Diamondback Ener's current ratio?

Diamondback Ener (FANG) had a current ratio of 0.42 as of fiscal year 2025, 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 0.37 as of fiscal year 2025, 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 2.3% for fiscal year 2025, 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 1.48, 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 5 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 5.26x, 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 5.2x, 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 50 out of 100 on our Financial Profile, indicating moderate 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.