FANG Financials Diamondback Energy

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:16 UTC Overview →

Growth & profitability

Revenue has grown 39.8% per year over the past 5 years.
Operating margin has expanded, at 8.4% in the latest year.

Financial health

Total debt ($14.5B) exceeds cash ($104M); net debt is $14.4B.
Total debt has grown slower than revenue (20.8% vs 39.8% per year).
Operating income covered interest expense 5.2× in the latest year, up from -27.8× 5 years ago.
Total debt is 2.3× EBITDA.

Shareholder returns

Dividends have been paid for 8 consecutive years, consuming 74.7% of earnings.
The dividend has grown 37.4% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$15.0B	$1.5B	0.0%	8.4%	4.2%	2.2%	—	$14.5B	$104M
2024	$11.1B	$3.7B	0.0%	39.7%	9.8%	5.5%	—	$13.0B	$161M
2023	$8.4B	$3.3B	0.0%	54.3%	20.1%	11.5%	—	$6.6B	$582M
2022	$9.6B	$4.6B	0.0%	67.5%	30.4%	17.4%	—	$6.2B	$157M
2021	$6.8B	$2.3B	0.0%	58.9%	18.8%	9.9%	—	$6.6B	$654M
2020	$2.8B	-$4.5B	0.0%	-194.7%	-51.4%	-25.6%	—	$5.6B	$104M
2019	$4.0B	$240M	0.0%	17.5%	1.8%	1.0%	—	$5.4B	$123M
2018	$2.2B	$846M	0.0%	46.5%	6.2%	3.9%	—	$4.5B	$215M
2017	$1.2B	$482M	0.0%	50.2%	9.2%	6.2%	—	$1.5B	$112M
2016	—	-$165M	—	—	-4.5%	-3.1%	—	$1.1B	$1.7B
2015	—	-$551M	—	—	-29.4%	-20.0%	—	$488M	$20M
2014	—	$194M	—	—	11.1%	6.3%	—	$674M	$30M
2013	—	$55M	—	—	6.5%	3.6%	—	$460M	$16M
2012	—	-$37M	—	—	-7.9%	-6.0%	—	$338000	$26M
2011	—	-$386000	—	—	—	-0.1%	—	—	$7M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$5.6B	$1.9B	0.0%	45.2%	5.0%	2.7%	—	$12.6B	$462M
Mar '26	$4.2B	$25M	0.0%	2.7%	0.1%	0.0%	—	$13.9B	$174M
Dec '25	$3.4B	-$1.5B	0.0%	-82.4%	-3.9%	-2.1%	—	$14.5B	$104M
Sep '25	$3.9B	$1.0B	0.0%	31.5%	2.6%	1.3%	—	$16.2B	$159M
Jun '25	$3.7B	$699M	0.0%	31.0%	1.8%	1.0%	—	$15.1B	$219M
Mar '25	$4.0B	$1.4B	0.0%	41.3%	3.7%	2.0%	—	$13.9B	$1.8B
Dec '24	$3.7B	$1.1B	0.0%	38.0%	2.8%	1.6%	—	$13.0B	$161M
Sep '24	$2.6B	$659M	0.0%	26.8%	1.8%	1.0%	—	$12.9B	$370M
Jun '24	$2.5B	$837M	0.0%	46.6%	4.8%	2.3%	—	$12.0B	$6.9B
Mar '24	$2.2B	$768M	0.0%	50.2%	4.5%	2.6%	—	$6.6B	$896M
Dec '23	$2.2B	$960M	0.0%	54.1%	5.8%	3.3%	—	$6.6B	$582M
Sep '23	$2.3B	$915M	0.0%	57.3%	5.6%	3.3%	—	$6.2B	$827M
Jun '23	$1.9B	$556M	0.0%	52.1%	3.6%	1.9%	—	$6.5B	$18M
Mar '23	$1.9B	$712M	0.0%	53.2%	4.6%	2.6%	—	$7.0B	$46M
Dec '22	$2.0B	$1.0B	0.0%	61.9%	6.7%	3.8%	—	$6.2B	$157M
Sep '22	$2.4B	$1.2B	0.0%	66.2%	8.6%	5.0%	—	$5.3B	$27M
Jun '22	$2.8B	$1.4B	0.0%	71.5%	10.6%	6.0%	—	$5.4B	$43M
Mar '22	$2.4B	$779M	0.0%	68.9%	6.1%	3.3%	—	$5.8B	$149M
Dec '21	$2.0B	$1.0B	0.0%	64.8%	8.3%	4.4%	—	$6.6B	$654M
Sep '21	$1.9B	$649M	0.0%	60.9%	5.7%	2.9%	—	$6.9B	$457M

Valuation over time

How the market has priced FANG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 8.3× (Mar '23) to 36.1× (Nov '26).
The price-to-sales ratio has fallen from 3.9× (Mar '23) to 3.7× (Nov '26).
The dividend yield has fallen from 4.2% (Mar '23) to 2.1% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is FANG growing its revenue and profit?

Over the past 5 years, Diamondback Energy's revenue has grown 39.8% per year. These are computed facts, not advice.

How much debt does FANG have?

As of FY2025, Diamondback Energy reported $14.5B of total debt against $104M of cash; operating income covered interest expense 5.2×.

What is FANG's profit margin?

In FY2025, gross margin was —, operating margin 8.4%, and net margin 10.3%.

What is FANG's P/E ratio?

Diamondback Energy's P/E (TTM) is 38.08 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the FANG stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 36.1× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.