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 29 h ago 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

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	FCF	Total debt	Cash
2025	$15.0B	$1.5B	0.0%	8.4%	—	$14.5B	$104M
2024	$11.1B	$3.7B	0.0%	39.7%	—	$13.0B	$161M
2023	$8.4B	$3.3B	0.0%	54.3%	—	$6.6B	$582M
2022	$9.6B	$4.6B	0.0%	67.5%	—	$6.2B	$157M
2021	$6.8B	$2.3B	0.0%	58.9%	—	$6.6B	$654M
2020	$2.8B	-$4.5B	0.0%	-194.7%	—	$5.6B	$104M
2019	$4.0B	$240M	0.0%	17.5%	—	$5.4B	$123M
2018	$2.2B	$846M	0.0%	46.5%	—	$4.5B	$215M
2017	$1.2B	$482M	0.0%	50.2%	—	$1.5B	$112M
2016	—	-$165M	—	—	—	$1.1B	$1.7B
2015	—	-$551M	—	—	—	$488M	$20M
2014	—	$194M	—	—	—	$674M	$30M
2013	—	$55M	—	—	—	$460M	$16M
2012	—	-$37M	—	—	—	$338000	$26M
2011	—	-$386000	—	—	—	—	$7M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$4.2B	$25M	0.0%	2.7%	—	$13.9B	$174M
Dec '25	$3.4B	-$1.5B	0.0%	-82.4%	—	$14.5B	$104M
Sep '25	$3.9B	$1.0B	0.0%	31.5%	—	$16.2B	$159M
Jun '25	$3.7B	$699M	0.0%	31.0%	—	$15.1B	$219M
Mar '25	$4.0B	$1.4B	0.0%	41.3%	—	$13.9B	$1.8B
Dec '24	$3.7B	$1.1B	0.0%	38.0%	—	$13.0B	$161M
Sep '24	$2.6B	$659M	0.0%	26.8%	—	$12.9B	$370M
Jun '24	$2.5B	$837M	0.0%	46.6%	—	$12.0B	$6.9B
Mar '24	$2.2B	$768M	0.0%	50.2%	—	$6.6B	$896M
Dec '23	$2.2B	$960M	0.0%	54.1%	—	$6.6B	$582M
Sep '23	$2.3B	$915M	0.0%	57.3%	—	$6.2B	$827M
Jun '23	$1.9B	$556M	0.0%	52.1%	—	$6.5B	$18M
Mar '23	$1.9B	$712M	0.0%	53.2%	—	$7.0B	$46M
Dec '22	$2.0B	$1.0B	0.0%	61.9%	—	$6.2B	$157M
Sep '22	$2.4B	$1.2B	0.0%	66.2%	—	$5.3B	$27M
Jun '22	$2.8B	$1.4B	0.0%	71.5%	—	$5.4B	$43M
Mar '22	$2.4B	$779M	0.0%	68.9%	—	$5.8B	$149M
Dec '21	$2.0B	$1.0B	0.0%	64.8%	—	$6.6B	$654M
Sep '21	$1.9B	$649M	0.0%	60.9%	—	$6.9B	$457M
Jun '21	$1.7B	$311M	0.0%	56.8%	—	$7.4B	$344M

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 33.2× (Jun '26).
The price-to-sales ratio has fallen from 3.9× (Mar '23) to 3.4× (Jun '26).
The dividend yield has fallen from 4.1% (Mar '23) to 2.3% (Jun '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?

As of Jun '26, Diamondback Energy traded at a price-to-earnings ratio of about 33.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.