Diamondback Energy (FANG) Financials

$130.75 -6.89 (-5.01%)

As of 01:10 PM Eastern

Annual Income Statements for Diamondback Energy

This table shows Diamondback Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-551	-165	482	846	240	-4,517	2,182	4,386	3,143	3,338
Consolidated Net Income / (Loss)	-548	-165	517	945	315	-4,672	2,276	4,562	3,336	3,701
Net Income / (Loss) Continuing Operations	-548	-165	517	945	315	-4,672	2,276	4,562	3,336	3,701
Total Pre-Tax Income	-749	-165	497	1,113	362	-5,776	2,907	5,736	4,248	4,501
Total Operating Income	-740	-69	605	1,011	695	-5,476	4,001	6,508	4,570	4,396
Total Gross Profit	358	433	1,055	1,839	3,785	2,673	6,020	9,385	7,142	8,503
Total Revenue	447	527	1,205	2,142	3,964	2,813	6,797	9,643	8,412	11,066
Operating Revenue	447	527	1,205	2,130	3,951	2,813	6,747	9,643	8,339	11,023
Other Revenue	-	0.00	0.00	12	13	-	50	-	73	43
Total Cost of Revenue	89	94	150	303	179	140	777	258	1,270	2,563
Operating Cost of Revenue	89	94	150	303	179	140	777	258	1,270	2,563
Total Operating Expenses	1,098	502	450	828	3,090	8,149	2,019	2,877	2,572	4,107
Selling, General & Admin Expense	32	43	48	68	598	197	241	256	290	316
Marketing Expense	33	34	74	133	248	195	425	611	525	638
Depreciation Expense	218	178	327	623	1,454	1,311	1,275	1,344	1,746	2,850
Restructuring Charge	-	0.00	0.00	36	-	0.00	78	14	11	303
Total Other Income / (Expense), net	-8.83	-96	-108	102	-333	-300	-1,094	-772	-322	105
Interest Expense	0.00	33	0.00	0.00	56	5.00	75	99	4.00	-2.00
Interest & Investment Income	-42	-41	-41	-88	-178	-207	-184	-77	-111	-114
Other Income / (Expense), net	33	-22	-67	190	-99	-88	-835	-596	-207	217
Income Tax Expense	-201	0.19	-20	168	47	-1,104	631	1,174	912	800
Net Income / (Loss) Attributable to Noncontrolling Interest	2.84	0.13	35	99	75	-155	94	176	193	363
Basic Earnings per Share	($8.74)	($2.20)	$4.95	$8.09	$1.47	($28.61)	$12.24	$24.61	$17.34	$15.53
Weighted Average Basic Shares Outstanding	63.02M	75.08M	97.46M	104.62M	163.49M	157.98M	176.64M	176.54M	180.00M	213.55M
Diluted Earnings per Share	($8.74)	($2.20)	$4.94	$8.06	$1.47	($28.61)	$12.24	$24.61	$17.34	$15.53
Weighted Average Diluted Shares Outstanding	63M	75.08M	97.69M	104.93M	163.84M	157.98M	176.64M	176.54M	180.00M	213.55M
Weighted Average Basic & Diluted Shares Outstanding	63M	75M	97.40M	164.38M	158.28M	158.02M	177.41M	183.59M	178.45M	289.44M
Cash Dividends to Common per Share	-	-	$0.00	$0.50	$0.94	$1.53	$1.95	$8.96	$7.99	$8.29

This table shows Diamondback Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	1,184	1,007	712	556	915	960	768	837	659	1,074
Consolidated Net Income / (Loss)	1,270	1,028	746	586	993	1,011	809	894	708	1,290
Net Income / (Loss) Continuing Operations	1,270	1,028	746	586	993	1,011	809	894	708	1,290
Total Pre-Tax Income	1,560	1,289	953	751	1,269	1,275	1,032	1,146	918	1,405
Total Operating Income	1,614	1,256	1,025	1,000	1,340	1,205	1,118	1,156	710	1,412
Total Gross Profit	2,366	1,963	1,665	1,851	1,982	1,644	2,024	2,092	1,947	2,440
Total Revenue	2,437	2,030	1,925	1,919	2,340	2,228	2,227	2,483	2,645	3,711
Operating Revenue	2,417	2,066	1,902	1,919	2,324	2,194	2,101	2,174	2,636	4,112
Total Cost of Revenue	71	67	260	68	358	584	77	82	698	1,706
Operating Cost of Revenue	71	67	260	68	358	584	77	82	698	1,706
Total Operating Expenses	752	707	640	851	642	439	915	946	1,237	1,009
Selling, General & Admin Expense	249	-280	74	69	81	66	315	319	84	-402
Marketing Expense	156	116	155	148	118	104	119	141	153	225
Depreciation Expense	336	365	403	432	442	469	469	483	742	1,156
Restructuring Charge	11	3.00	8.00	2.00	1.00	-	12	3.00	258	30
Total Other Income / (Expense), net	-54	33	-72	-249	-71	70	-86	-10	208	-7.00
Interest Expense	6.00	36	0.00	4.00	0.00	-	-6.00	-1.00	0.00	5.00
Interest & Investment Income	-24	-11	-32	-33	-28	-18	-44	-29	-12	-29
Other Income / (Expense), net	-24	80	-40	-212	-43	88	-48	18	220	27
Income Tax Expense	290	261	207	165	276	264	223	252	210	115
Net Income / (Loss) Attributable to Noncontrolling Interest	86	21	34	30	78	51	41	57	49	216
Basic Earnings per Share	$6.72	$5.61	$3.88	$3.05	$5.07	$5.34	$4.28	$4.66	$3.19	$3.40
Weighted Average Basic Shares Outstanding	174.41M	176.54M	181.99M	180.37M	178.87M	180.00M	178.48M	178.36M	204.73M	213.55M
Diluted Earnings per Share	$6.72	$5.61	$3.88	$3.05	$5.07	$5.34	$4.28	$4.66	$3.19	$3.40
Weighted Average Diluted Shares Outstanding	174.41M	176.54M	181.99M	180.37M	178.87M	180.00M	178.48M	178.36M	204.73M	213.55M
Weighted Average Basic & Diluted Shares Outstanding	176.00M	183.59M	181.09M	178.82M	178.98M	178.45M	178.34M	178.39M	291.99M	289.44M

This table details how cash moves in and out of Diamondback Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-10	1,646	-1,554	103	-87	-20	564	-508	421	-421
Net Cash From Operating Activities	417	332	889	1,565	2,739	2,118	3,944	6,325	5,920	6,413
Net Cash From Continuing Operating Activities	417	332	889	1,565	2,739	2,118	3,944	6,325	5,920	6,413
Net Income / (Loss) Continuing Operations	-548	-165	517	945	315	-4,672	2,276	4,562	3,336	3,701
Consolidated Net Income / (Loss)	-548	-165	517	945	315	-4,672	2,276	4,562	3,336	3,701
Depreciation Expense	218	178	327	623	1,454	1,311	1,275	1,344	1,746	2,850
Non-Cash Adjustments To Reconcile Net Income	948	332	109	-195	1,082	6,404	-288	-187	159	-146
Changes in Operating Assets and Liabilities, net	-204	-16	-68	192	-112	-925	681	606	679	8.00
Net Cash From Investing Activities	-895	-1,310	-3,132	-3,503	-3,888	-2,101	-1,539	-3,330	-3,323	-11,221
Net Cash From Continuing Investing Activities	-895	-1,310	-3,132	-3,503	-3,888	-2,101	-1,539	-3,330	-3,323	-11,221
Purchase of Property, Plant & Equipment	-902	-1,191	-3,246	-3,374	-3,697	-2,057	-2,274	-3,613	-4,714	-11,787
Sale of Property, Plant & Equipment	9.74	4.66	66	80	300	63	820	327	1,407	467
Other Investing Activities, net	-0.27	-122	48	-98	-6.00	-107	-85	-44	-16	99
Net Cash From Financing Activities	468	2,625	689	2,041	1,062	-37	-1,841	-3,503	-2,176	4,387
Net Cash From Continuing Financing Activities	468	2,625	689	2,041	1,062	-37	-1,841	-3,503	-2,176	4,387
Repayment of Debt	-604	-581	-393	-1,840	-5,034	-1,738	-4,501	-8,093	-4,847	-3,651
Repurchase of Common Equity	-0.59	-1.18	-1.00	-3.00	-634	-137	-431	-1,098	-840	-959
Payment of Dividends	-7.97	-9.57	-41	-135	-234	-329	-424	-1,789	-1,573	-1,805
Issuance of Debt	425	1,164	754	3,714	5,819	2,127	3,513	7,704	5,179	9,875
Issuance of Common Equity	651	2,052	370	305	1,106	-	-	0.00	0.00	476
Other Financing Activities, net	4.87	0.50	0.00	0.00	39	40	2.00	-227	-95	451

This table details how cash moves in and out of Diamondback Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-25	130	-111	-32	809	-245	314	6,012	-6,538	-209
Net Cash From Operating Activities	1,925	1,441	1,425	1,513	1,358	1,624	1,334	1,529	1,209	2,341
Net Cash From Continuing Operating Activities	1,925	1,441	1,425	1,513	1,358	1,624	1,334	1,529	1,209	2,341
Net Income / (Loss) Continuing Operations	1,270	1,028	746	586	993	1,011	809	894	708	1,290
Consolidated Net Income / (Loss)	1,270	1,028	746	586	993	1,011	809	894	708	1,290
Depreciation Expense	336	365	403	432	442	469	469	483	742	1,156
Non-Cash Adjustments To Reconcile Net Income	-76	-93	91	154	56	-142	54	-42	-125	-33
Changes in Operating Assets and Liabilities, net	395	141	185	341	-133	286	2.00	194	-116	-72
Net Cash From Investing Activities	-720	-1,378	-1,279	-595	15	-1,464	-751	-449	-8,166	-1,855
Net Cash From Continuing Investing Activities	-720	-1,378	-1,279	-595	15	-1,464	-751	-449	-8,166	-1,855
Purchase of Property, Plant & Equipment	-745	-1,594	-1,537	-856	-852	-1,469	-762	-687	-8,479	-1,859
Sale of Property, Plant & Equipment	33	222	264	268	868	7.00	12	240	207	8.00
Other Investing Activities, net	-8.00	-6.00	-6.00	-7.00	-1.00	-2.00	-1.00	-2.00	106	-4.00
Net Cash From Financing Activities	-1,230	67	-257	-950	-564	-405	-269	4,932	419	-695
Net Cash From Continuing Financing Activities	-1,230	67	-257	-950	-564	-405	-269	4,932	419	-695
Repayment of Debt	-2,607	-1,973	-1,011	-2,186	-1,339	-311	-176	-246	-1,078	-2,151
Repurchase of Common Equity	-472	-316	-332	-321	-56	-131	-42	-	-515	-402
Payment of Dividends	-597	-434	-576	-175	-174	-648	-592	-406	-475	-332
Issuance of Debt	2,521	2,854	1,696	1,755	1,015	713	90	5,584	2,011	2,190

This table presents Diamondback Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,751	5,350	7,771	21,596	23,531	17,619	22,898	26,209	29,001	67,292
Total Current Assets	109	1,792	359	925	869	602	1,446	1,392	1,621	2,110
Cash & Equivalents	20	1,667	112	215	123	104	654	157	582	161
Restricted Cash	0.50	0.50	0.00	0.00	5.00	4.00	18	7.00	3.00	3.00
Accounts Receivable	79	120	232	392	615	337	670	722	846	1,585
Inventories, net	1.73	1.98	9.11	37	37	33	62	67	63	116
Prepaid Expenses	2.88	2.99	4.90	50	24	23	28	23	110	77
Other Current Assets	4.62	0.00	0.53	231	46	1.00	13	132	17	168
Plant, Property, & Equipment, net	2,598	3,391	7,344	20,372	21,835	16,214	20,619	23,759	26,674	64,472
Plant, Property & Equipment, gross	4,011	5,227	9,505	23,146	26,838	28,528	34,164	38,603	43,103	83,680
Accumulated Depreciation	1,414	1,836	2,161	2,774	5,003	12,314	13,545	14,844	16,429	19,208
Total Noncurrent Assets	44	167	69	299	827	803	833	1,058	706	710
Long-Term Investments	-	-	0.00	1.00	479	533	701	566	529	375
Noncurrent Deferred & Refundable Income Taxes	-	-	0.00	97	142	73	40	64	45	173
Other Noncurrent Operating Assets	44	167	69	201	206	197	92	270	132	162
Total Liabilities & Shareholders' Equity	2,751	5,350	7,771	21,596	23,531	17,619	22,898	26,209	29,001	67,292
Total Liabilities	642	1,331	2,189	7,429	8,625	7,815	9,653	10,519	11,571	27,430
Total Current Liabilities	141	209	577	1,019	1,263	1,236	1,438	1,716	2,108	4,811
Short-Term Debt	-	-	-	-	0.00	191	45	10	0.00	900
Accounts Payable	20	48	95	128	179	71	36	127	261	253
Accrued Expenses	104	116	314	748	779	488	714	879	968	1,710
Current Deferred Revenue	17	23	69	143	278	237	452	619	764	1,491
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	17	34	29	414
Other Current Liabilities	0.00	23	100	0.00	27	249	174	47	86	43
Total Noncurrent Liabilities	500	1,122	1,612	6,410	7,362	6,579	8,215	8,803	9,463	22,619
Long-Term Debt	488	1,106	1,477	4,474	5,371	5,624	6,642	6,238	6,641	12,075
Asset Retirement Reserve & Litigation Obligation	13	16	20	136	94	108	166	336	239	573
Noncurrent Deferred & Payable Income Tax Liabilities	-	0.00	108	1,785	1,886	783	1,338	2,069	2,449	9,826
Other Noncurrent Operating Liabilities	-	0.00	6.30	15	11	64	69	160	134	145
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,109	4,018	5,582	14,167	14,906	9,804	13,245	15,690	17,430	39,862
Total Preferred & Common Equity	1,876	3,697	5,255	13,700	13,249	8,794	12,088	15,009	16,625	37,736
Total Common Equity	1,876	3,697	5,255	13,700	13,249	8,794	12,088	15,009	16,625	37,736
Common Stock	2,230	4,217	5,292	12,938	12,359	12,658	14,086	14,215	14,144	33,504
Retained Earnings	-354	-519	-37	762	890	-3,864	-1,998	801	2,489	4,238
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	-	-	-	0.00	-7.00	-8.00	-6.00
Noncontrolling Interest	233	321	327	467	1,657	1,010	1,157	681	805	2,126

This table presents Diamondback Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	23,843	26,209	27,589	27,587	28,049	29,001	29,690	35,637	65,747	67,292
Total Current Assets	1,031	1,392	1,160	918	1,916	1,621	1,948	7,825	2,022	2,110
Cash & Equivalents	27	157	46	18	827	582	896	6,908	370	161
Restricted Cash	7.00	7.00	7.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00
Accounts Receivable	784	722	754	687	980	846	942	830	1,430	1,585
Inventories, net	59	67	69	66	70	63	57	55	126	116
Prepaid Expenses	54	23	36	17	19	110	43	25	51	77
Other Current Assets	98	132	60	7.00	1.00	17	7.00	4.00	42	168
Plant, Property, & Equipment, net	21,903	23,759	25,514	25,145	25,365	26,674	27,024	27,099	63,053	64,472
Plant, Property & Equipment, gross	36,390	38,603	40,752	40,703	41,353	43,103	43,915	44,459	81,135	83,680
Accumulated Depreciation	14,487	14,844	15,238	15,558	15,988	16,429	16,891	17,360	18,082	19,208
Total Noncurrent Assets	909	1,058	915	1,524	768	706	718	713	672	710
Long-Term Investments	674	566	573	587	519	529	612	542	458	375
Noncurrent Deferred & Refundable Income Taxes	74	64	62	60	60	45	61	32	62	173
Other Noncurrent Operating Assets	161	270	137	135	189	132	45	139	152	162
Total Liabilities & Shareholders' Equity	23,843	26,209	27,589	27,587	28,049	29,001	29,690	35,637	65,747	67,292
Total Liabilities	9,285	10,519	11,466	11,375	11,065	11,571	11,671	17,110	26,928	27,430
Total Current Liabilities	1,678	1,716	1,886	2,123	2,141	2,108	2,118	2,137	4,463	4,811
Short-Term Debt	10	10	10	0.00	0.00	0.00	-	-	1,000	900
Accounts Payable	139	127	241	249	358	261	243	331	198	253
Accrued Expenses	774	879	816	1,012	825	968	907	903	1,498	1,710
Current Deferred Revenue	634	619	716	729	782	764	732	782	1,444	1,491
Current Deferred & Payable Income Tax Liabilities	31	34	51	15	37	29	134	49	289	414
Other Current Liabilities	90	47	52	118	139	86	102	72	34	43
Total Noncurrent Liabilities	7,607	8,803	9,580	9,252	8,924	9,463	9,553	14,973	22,465	22,619
Long-Term Debt	5,347	6,238	6,950	6,543	6,230	6,641	6,629	11,980	11,923	12,075
Asset Retirement Reserve & Litigation Obligation	325	336	306	286	240	239	266	300	493	573
Noncurrent Deferred & Payable Income Tax Liabilities	1,737	2,069	2,161	2,233	2,243	2,449	2,502	2,549	9,952	9,826
Other Noncurrent Operating Liabilities	198	160	163	190	211	134	156	144	97	145
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	14,558	15,690	16,123	16,212	16,984	17,430	18,019	18,527	38,819	39,862
Total Preferred & Common Equity	13,843	15,009	15,464	15,554	16,280	16,625	16,950	17,448	37,429	37,736
Total Common Equity	13,843	15,009	15,464	15,554	16,280	16,625	16,950	17,448	37,429	37,736
Common Stock	13,648	14,215	14,504	14,189	14,151	14,144	14,253	14,269	34,010	33,504
Retained Earnings	195	801	967	1,372	2,136	2,489	2,705	3,187	3,427	4,238
Accumulated Other Comprehensive Income / (Loss)	-	-7.00	-7.00	-7.00	-7.00	-8.00	-8.00	-8.00	-8.00	-6.00
Noncontrolling Interest	715	681	659	658	704	805	1,069	1,079	1,390	2,126

This table displays calculated financial ratios and metrics derived from Diamondback Energy's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.88%	17.99%	128.61%	77.76%	85.06%	-29.04%	141.63%	41.87%	-12.77%	31.55%
EBITDA Growth	-195.25%	118.44%	867.34%	109.90%	12.39%	-307.46%	204.42%	63.39%	-15.81%	22.16%
EBIT Growth	-308.44%	87.15%	691.87%	123.23%	-50.37%	-1,033.56%	156.90%	86.73%	-26.20%	5.73%
NOPAT Growth	-479.16%	90.73%	1,410.27%	36.39%	-29.55%	-733.83%	181.72%	65.23%	-30.66%	0.72%
Net Income Growth	-379.53%	69.90%	413.51%	82.79%	-66.67%	-1,583.17%	148.72%	100.44%	-26.87%	10.94%
EPS Growth	-340.11%	74.83%	324.55%	63.16%	-81.76%	-2,046.26%	142.78%	101.06%	-29.54%	-10.44%
Operating Cash Flow Growth	16.87%	-20.27%	167.71%	76.04%	75.02%	-22.67%	86.21%	60.37%	-6.40%	8.33%
Free Cash Flow Firm Growth	61.18%	-99.22%	-207.88%	-271.31%	93.97%	234.14%	-152.22%	698.71%	-37.36%	-1,629.63%
Invested Capital Growth	-1.97%	34.20%	100.94%	165.24%	6.76%	-23.85%	23.91%	13.42%	9.06%	127.81%
Revenue Q/Q Growth	-3.72%	15.49%	21.49%	10.35%	14.60%	-10.30%	22.34%	0.08%	2.41%	15.48%
EBITDA Q/Q Growth	-267.87%	153.48%	12.92%	31.96%	-26.79%	-15.35%	111.28%	0.15%	0.93%	12.29%
EBIT Q/Q Growth	-97.77%	73.72%	9.12%	36.05%	-60.84%	-8.33%	261.00%	-0.57%	-1.09%	2.90%
NOPAT Q/Q Growth	-43.87%	80.02%	32.88%	-10.28%	-41.41%	-7.06%	112.57%	-0.63%	-1.28%	10.22%
Net Income Q/Q Growth	-109.85%	56.62%	24.40%	55.98%	-74.92%	-6.47%	385.29%	-0.50%	-0.51%	8.15%
EPS Q/Q Growth	-122.96%	61.06%	15.69%	22.31%	-79.09%	-6.40%	544.21%	-0.20%	-1.53%	-11.10%
Operating Cash Flow Q/Q Growth	-6.19%	9.51%	19.53%	11.47%	20.98%	-18.60%	24.03%	4.53%	3.19%	12.59%
Free Cash Flow Firm Q/Q Growth	29.28%	-38.37%	9.87%	-2,710.55%	94.05%	82.53%	56.22%	-38.77%	72.07%	0.16%
Invested Capital Q/Q Growth	-5.79%	9.22%	1.97%	126.16%	-1.33%	-5.71%	0.96%	9.60%	4.99%	2.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.14%	82.16%	87.55%	85.85%	95.48%	95.02%	88.57%	97.32%	84.90%	76.84%
EBITDA Margin	-109.08%	17.04%	72.12%	85.15%	51.72%	-151.19%	65.34%	75.25%	72.62%	67.44%
Operating Margin	-165.71%	-13.02%	50.21%	47.20%	17.53%	-194.67%	58.86%	67.49%	54.33%	39.73%
EBIT Margin	-158.39%	-17.24%	44.65%	56.07%	15.04%	-197.80%	46.58%	61.31%	51.87%	41.69%
Profit (Net Income) Margin	-122.62%	-31.29%	42.90%	44.12%	7.95%	-166.09%	33.49%	47.31%	39.66%	33.44%
Tax Burden Percent	73.13%	100.12%	104.02%	84.91%	87.02%	80.89%	78.29%	79.53%	78.53%	82.23%
Interest Burden Percent	105.87%	181.21%	92.38%	92.67%	60.74%	103.81%	91.82%	97.02%	97.36%	97.57%
Effective Tax Rate	0.00%	0.00%	-4.02%	15.09%	12.98%	0.00%	21.71%	20.47%	21.47%	17.77%
Return on Invested Capital (ROIC)	-19.91%	-1.59%	12.10%	6.77%	3.18%	-22.13%	18.68%	26.14%	16.31%	9.61%
ROIC Less NNEP Spread (ROIC-NNEP)	-25.25%	247.16%	-15.86%	9.85%	-3.25%	-39.01%	2.35%	14.63%	11.67%	10.57%
Return on Net Nonoperating Assets (RNNOA)	-6.85%	-3.79%	-1.33%	2.80%	-1.01%	-15.69%	1.07%	5.40%	3.83%	3.31%
Return on Equity (ROE)	-26.76%	-5.38%	10.77%	9.57%	2.17%	-37.81%	19.75%	31.53%	20.14%	12.92%
Cash Return on Invested Capital (CROIC)	-17.92%	-30.80%	-54.98%	-83.72%	-3.36%	4.96%	-2.67%	13.56%	7.64%	-68.37%
Operating Return on Assets (OROA)	-24.21%	-2.24%	8.20%	8.18%	2.64%	-27.04%	15.63%	24.08%	15.81%	9.58%
Return on Assets (ROA)	-18.74%	-4.07%	7.88%	6.44%	1.40%	-22.71%	11.23%	18.58%	12.08%	7.69%
Return on Common Equity (ROCE)	-23.71%	-4.90%	10.04%	9.19%	2.01%	-33.73%	17.89%	29.53%	19.24%	12.26%
Return on Equity Simple (ROE_SIMPLE)	-29.20%	-4.46%	9.84%	6.90%	2.38%	-53.13%	18.83%	30.40%	20.07%	9.81%
Net Operating Profit after Tax (NOPAT)	-518	-48	629	858	605	-3,833	3,133	5,176	3,589	3,615
NOPAT Margin	-116.00%	-9.11%	52.23%	40.07%	15.26%	-136.27%	46.09%	53.68%	42.66%	32.66%
Net Nonoperating Expense Percent (NNEP)	5.33%	-248.75%	27.96%	-3.08%	6.42%	16.88%	16.33%	11.50%	4.65%	-0.96%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	23.59%	14.91%	6.84%
Cost of Revenue to Revenue	19.86%	17.84%	12.45%	14.15%	4.52%	4.98%	11.43%	2.68%	15.10%	23.16%
SG&A Expenses to Revenue	7.16%	8.09%	3.98%	3.17%	15.09%	7.00%	3.55%	2.65%	3.45%	2.86%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	245.85%	95.18%	37.34%	38.66%	77.95%	289.69%	29.70%	29.84%	30.58%	37.11%
Earnings before Interest and Taxes (EBIT)	-708	-91	538	1,201	596	-5,564	3,166	5,912	4,363	4,613
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-487	90	869	1,824	2,050	-4,253	4,441	7,256	6,109	7,463
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.90	1.71	1.89	0.55	0.91	0.73	1.38	1.46	1.60	1.27
Price to Tangible Book Value (P/TBV)	1.90	1.71	1.89	0.55	0.91	0.73	1.38	1.46	1.60	1.27
Price to Revenue (P/Rev)	7.99	11.97	8.22	3.51	3.04	2.28	2.46	2.27	3.16	4.32
Price to Earnings (P/E)	0.00	0.00	20.56	8.90	50.16	0.00	7.65	4.98	8.46	14.33
Dividend Yield	0.00%	0.00%	0.00%	0.50%	0.92%	3.70%	1.90%	2.26%	2.21%	4.51%
Earnings Yield	0.00%	0.00%	4.86%	11.24%	1.99%	0.00%	13.07%	20.08%	11.83%	6.98%
Enterprise Value to Invested Capital (EV/IC)	1.66	1.76	1.67	0.67	0.94	0.84	1.25	1.33	1.43	1.19
Enterprise Value to Revenue (EV/Rev)	9.55	11.51	9.63	5.72	4.66	4.47	3.41	2.91	3.91	5.64
Enterprise Value to EBITDA (EV/EBITDA)	0.00	67.55	13.35	6.72	9.00	0.00	5.22	3.86	5.39	8.36
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	21.57	10.20	30.97	0.00	7.32	4.74	7.54	13.53
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	18.44	14.28	30.52	0.00	7.40	5.42	9.17	17.26
Enterprise Value to Operating Cash Flow (EV/OCF)	10.25	18.27	13.05	7.83	6.74	5.94	5.88	4.43	5.56	9.73
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	14.65	0.00	10.44	19.57	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.28	0.26	0.32	0.36	0.59	0.50	0.40	0.38	0.33
Long-Term Debt to Equity	0.23	0.28	0.26	0.32	0.36	0.57	0.50	0.40	0.38	0.30
Financial Leverage	0.27	-0.02	0.08	0.28	0.31	0.40	0.46	0.37	0.33	0.31
Leverage Ratio	1.43	1.32	1.37	1.49	1.55	1.67	1.76	1.70	1.67	1.68
Compound Leverage Factor	1.51	2.40	1.26	1.38	0.94	1.73	1.61	1.65	1.62	1.64
Debt to Total Capital	18.79%	21.58%	20.93%	24.00%	26.49%	37.23%	33.55%	28.48%	27.59%	24.56%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	1.22%	0.23%	0.05%	0.00%	1.70%
Long-Term Debt to Total Capital	18.79%	21.58%	20.93%	24.00%	26.49%	36.01%	33.32%	28.43%	27.59%	22.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	8.97%	6.26%	4.63%	2.51%	8.17%	6.47%	5.80%	3.10%	3.34%	4.02%
Common Equity to Total Capital	72.24%	72.16%	74.44%	73.49%	65.34%	56.30%	60.65%	68.42%	69.07%	71.42%
Debt to EBITDA	-1.00	12.31	1.70	2.45	2.62	-1.37	1.51	0.86	1.09	1.74
Net Debt to EBITDA	-0.96	-6.25	1.57	2.33	2.32	-1.22	1.20	0.76	0.90	1.67
Long-Term Debt to EBITDA	-1.00	12.31	1.70	2.45	2.62	-1.32	1.50	0.86	1.09	1.62
Debt to NOPAT	-0.94	-23.02	2.35	5.21	8.88	-1.52	2.13	1.21	1.85	3.59
Net Debt to NOPAT	-0.90	11.68	2.17	4.96	7.88	-1.35	1.70	1.07	1.54	3.44
Long-Term Debt to NOPAT	-0.94	-23.02	2.35	5.21	8.88	-1.47	2.12	1.21	1.85	3.34
Altman Z-Score	2.46	3.10	3.06	0.93	1.12	-0.74	1.67	2.39	2.26	1.48
Noncontrolling Interest Sharing Ratio	11.41%	9.04%	6.75%	4.02%	7.31%	10.79%	9.40%	6.35%	4.49%	5.12%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.77	8.56	0.62	0.91	0.69	0.49	1.01	0.81	0.77	0.44
Quick Ratio	0.70	8.53	0.60	0.60	0.58	0.36	0.92	0.51	0.68	0.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-466	-929	-2,860	-10,620	-640	859	-448	2,685	1,682	-25,726
Operating Cash Flow to CapEx	46.69%	28.00%	27.96%	47.51%	80.63%	106.22%	271.25%	192.48%	179.01%	56.65%
Free Cash Flow to Firm to Interest Expense	0.00	-28.04	0.00	0.00	-11.43	171.76	-5.98	27.12	420.47	0.00
Operating Cash Flow to Interest Expense	0.00	10.02	0.00	0.00	48.91	423.60	52.59	63.89	1,480.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-25.77	0.00	0.00	-11.75	24.80	33.20	30.70	653.25	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.15	0.13	0.18	0.15	0.18	0.14	0.34	0.39	0.30	0.23
Accounts Receivable Turnover	7.09	5.30	6.85	6.87	7.87	5.91	13.50	13.85	10.73	9.10
Inventory Turnover	38.95	50.68	27.05	13.14	4.84	4.00	16.36	4.00	19.54	28.64
Fixed Asset Turnover	0.17	0.18	0.22	0.15	0.19	0.15	0.37	0.43	0.33	0.24
Accounts Payable Turnover	3.82	2.77	2.11	2.72	1.17	1.12	14.52	3.17	6.55	9.97
Days Sales Outstanding (DSO)	51.46	68.91	53.27	53.13	46.36	61.76	27.04	26.34	34.02	40.09
Days Inventory Outstanding (DIO)	9.37	7.20	13.49	27.77	75.45	91.25	22.31	91.25	18.68	12.75
Days Payable Outstanding (DPO)	95.56	131.73	173.06	134.07	313.00	325.89	25.13	115.30	55.76	36.60
Cash Conversion Cycle (CCC)	-34.74	-55.62	-106.29	-53.16	-191.19	-172.88	24.22	2.29	-3.06	16.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,576	3,457	6,947	18,425	19,670	14,978	18,559	21,050	22,957	52,298
Invested Capital Turnover	0.17	0.17	0.23	0.17	0.21	0.16	0.41	0.49	0.38	0.29
Increase / (Decrease) in Invested Capital	-52	881	3,490	11,478	1,245	-4,692	3,581	2,491	1,907	29,341
Enterprise Value (EV)	4,268	6,068	11,602	12,254	18,460	12,585	23,172	28,042	32,909	62,399
Market Capitalization	3,568	6,309	9,910	7,529	12,039	6,401	16,701	21,843	26,577	47,837
Book Value per Share	$28.12	$47.36	$53.53	$135.30	$82.58	$55.67	$66.72	$85.28	$92.88	$129.24
Tangible Book Value per Share	$28.12	$47.36	$53.53	$135.30	$82.58	$55.67	$66.72	$85.28	$92.88	$129.24
Total Capital	2,597	5,124	7,059	18,641	20,277	15,619	19,932	21,938	24,071	52,837
Total Debt	488	1,106	1,477	4,474	5,371	5,815	6,687	6,248	6,641	12,975
Total Long-Term Debt	488	1,106	1,477	4,474	5,371	5,624	6,642	6,238	6,641	12,075
Net Debt	467	-561	1,365	4,258	4,764	5,174	5,314	5,518	5,527	12,436
Capital Expenditures (CapEx)	892	1,186	3,180	3,294	3,397	1,994	1,454	3,286	3,307	11,320
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-53	-84	-331	-309	-522	-551	-619	-478	-1,072	-1,965
Debt-free Net Working Capital (DFNWC)	-33	1,583	-219	-94	-394	-443	53	-314	-487	-1,801
Net Working Capital (NWC)	-33	1,583	-219	-94	-394	-634	8.00	-324	-487	-2,701
Net Nonoperating Expense (NNE)	30	117	112	-87	290	839	857	614	253	-86
Net Nonoperating Obligations (NNO)	467	-561	1,365	4,258	4,764	5,174	5,314	5,360	5,527	12,436
Total Depreciation and Amortization (D&A)	220	181	331	623	1,454	1,311	1,275	1,344	1,746	2,850
Debt-free, Cash-free Net Working Capital to Revenue	-11.93%	-15.98%	-27.49%	-14.43%	-13.17%	-19.59%	-9.11%	-4.96%	-12.74%	-17.76%
Debt-free Net Working Capital to Revenue	-7.31%	300.29%	-18.16%	-4.39%	-9.94%	-15.75%	0.78%	-3.26%	-5.79%	-16.28%
Net Working Capital to Revenue	-7.31%	300.29%	-18.16%	-4.39%	-9.94%	-22.54%	0.12%	-3.36%	-5.79%	-24.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($8.74)	($2.20)	$4.95	$8.09	$1.47	($28.59)	$12.35	$24.61	$17.34	$15.53
Adjusted Weighted Average Basic Shares Outstanding	63.02M	75.08M	97.46M	104.62M	163.49M	157.98M	176.64M	176.54M	180.00M	213.55M
Adjusted Diluted Earnings per Share	($8.74)	($2.20)	$4.94	$8.06	$1.47	($28.59)	$12.30	$24.61	$17.34	$15.53
Adjusted Weighted Average Diluted Shares Outstanding	63.02M	75.08M	97.69M	104.93M	163.84M	157.98M	177.36M	176.54M	180.00M	213.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	71.40M	90.14M	98.17M	164.38M	158.28M	158.02M	177.41M	183.59M	178.45M	289.44M
Normalized Net Operating Profit after Tax (NOPAT)	52	124	424	889	1,292	382	3,194	5,187	3,598	3,864
Normalized NOPAT Margin	11.68%	23.49%	35.15%	41.50%	32.60%	13.56%	46.99%	53.79%	42.77%	34.92%
Pre Tax Income Margin	-167.68%	-31.25%	41.24%	51.96%	9.13%	-205.33%	42.77%	59.48%	50.50%	40.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-2.74	0.00	0.00	10.64	-1,112.80	42.21	59.72	1,090.75	0.00
NOPAT to Interest Expense	0.00	-1.45	0.00	0.00	10.80	-766.64	41.77	52.28	897.22	0.00
EBIT Less CapEx to Interest Expense	0.00	-38.53	0.00	0.00	-50.02	-1,511.60	22.83	26.53	264.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-37.24	0.00	0.00	-49.86	-1,165.44	22.38	19.09	70.47	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-1.45%	-5.81%	7.93%	14.29%	74.29%	-7.04%	18.63%	39.22%	47.15%	48.77%
Augmented Payout Ratio	-1.56%	-6.52%	8.12%	14.60%	275.56%	-9.97%	37.57%	63.28%	72.33%	74.68%

This table displays calculated financial ratios and metrics derived from Diamondback Energy's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	27.59%	0.40%	-20.06%	-30.67%	-3.98%	9.75%	15.69%	29.39%	13.03%	66.56%
EBITDA Growth	51.53%	0.65%	-2.39%	-44.72%	-9.71%	3.59%	10.88%	35.82%	-3.85%	47.28%
EBIT Growth	70.97%	-2.48%	-11.18%	-58.02%	-18.43%	-3.22%	8.63%	48.98%	-28.30%	11.29%
NOPAT Growth	45.21%	-3.31%	-38.36%	-49.70%	-20.20%	-4.61%	9.23%	15.57%	-47.78%	35.68%
Net Income Growth	88.43%	-2.19%	-7.10%	-59.89%	-21.81%	-1.65%	8.45%	52.56%	-28.70%	27.60%
EPS Growth	89.30%	-0.88%	-10.80%	-61.54%	-24.55%	-4.81%	10.31%	52.79%	-37.08%	-36.33%
Operating Cash Flow Growth	60.55%	23.48%	13.82%	-11.37%	-29.45%	12.70%	-6.39%	1.06%	-10.97%	44.15%
Free Cash Flow Firm Growth	130.76%	41.48%	-337.12%	-288.58%	-428.48%	36.11%	101.97%	50.11%	-1,670.70%	-2,847.39%
Invested Capital Growth	4.48%	13.42%	18.68%	11.91%	13.84%	9.06%	3.69%	7.70%	132.84%	127.81%
Revenue Q/Q Growth	-11.96%	-16.70%	-5.17%	-0.31%	21.94%	-4.79%	-0.04%	11.50%	6.52%	40.30%
EBITDA Q/Q Growth	-12.73%	-11.68%	-18.64%	-12.10%	42.54%	1.32%	-13.25%	7.67%	0.91%	55.20%
EBIT Q/Q Growth	-15.29%	-15.97%	-26.55%	-20.00%	64.59%	-0.31%	-18.01%	9.72%	-20.78%	54.73%
NOPAT Q/Q Growth	-15.29%	-23.77%	-19.90%	-2.75%	34.38%	-8.88%	-8.28%	2.90%	-39.28%	136.76%
Net Income Q/Q Growth	-13.07%	-19.06%	-27.43%	-21.45%	69.45%	1.81%	-19.98%	10.51%	-20.81%	82.20%
EPS Q/Q Growth	-15.26%	-16.52%	-30.84%	-21.39%	66.23%	5.33%	-19.85%	8.88%	-31.55%	6.58%
Operating Cash Flow Q/Q Growth	12.77%	-25.14%	-1.11%	6.18%	-10.24%	19.59%	-17.86%	14.62%	-20.93%	93.63%
Free Cash Flow Firm Q/Q Growth	-38.31%	-403.97%	-81.94%	44.73%	-7.46%	40.88%	106.16%	-1,498.81%	-3,714.03%	1.59%
Invested Capital Q/Q Growth	0.42%	9.60%	6.00%	-4.07%	2.15%	4.99%	1.15%	-0.36%	120.83%	2.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	97.09%	96.70%	86.49%	96.46%	84.70%	73.79%	90.88%	84.25%	73.61%	65.75%
EBITDA Margin	79.03%	83.79%	72.10%	63.57%	74.32%	79.08%	69.11%	66.73%	63.21%	69.93%
Operating Margin	66.23%	61.87%	53.25%	52.11%	57.27%	54.08%	50.20%	46.56%	26.84%	38.05%
EBIT Margin	65.24%	65.81%	51.17%	41.06%	55.43%	58.03%	48.05%	47.28%	35.16%	38.78%
Profit (Net Income) Margin	52.11%	50.64%	38.75%	30.54%	42.44%	45.38%	36.33%	36.00%	26.77%	34.76%
Tax Burden Percent	81.41%	79.75%	78.28%	78.03%	78.25%	79.29%	78.39%	78.01%	77.12%	91.81%
Interest Burden Percent	98.11%	96.48%	96.75%	95.30%	97.84%	98.61%	96.45%	97.62%	98.71%	97.64%
Effective Tax Rate	18.59%	20.25%	21.72%	21.97%	21.75%	20.71%	21.61%	21.99%	22.88%	8.19%
Return on Invested Capital (ROIC)	27.64%	24.03%	18.57%	16.68%	17.92%	16.40%	15.09%	15.16%	5.45%	10.27%
ROIC Less NNEP Spread (ROIC-NNEP)	26.81%	24.52%	17.56%	12.76%	16.76%	17.42%	13.90%	15.00%	7.34%	10.20%
Return on Net Nonoperating Assets (RNNOA)	10.54%	9.05%	6.53%	4.14%	5.06%	5.72%	4.60%	4.20%	2.23%	3.20%
Return on Equity (ROE)	38.18%	33.07%	25.10%	20.82%	22.99%	22.12%	19.69%	19.36%	7.69%	13.47%
Cash Return on Invested Capital (CROIC)	23.33%	13.56%	5.63%	8.02%	4.76%	7.64%	12.50%	9.60%	-70.81%	-68.37%
Operating Return on Assets (OROA)	27.05%	25.85%	18.41%	13.37%	17.55%	17.68%	14.62%	13.88%	7.18%	8.91%
Return on Assets (ROA)	21.60%	19.89%	13.94%	9.95%	13.43%	13.83%	11.05%	10.57%	5.47%	7.99%
Return on Common Equity (ROCE)	35.84%	30.97%	23.62%	19.64%	21.95%	21.13%	18.70%	18.39%	7.40%	12.78%
Return on Equity Simple (ROE_SIMPLE)	33.12%	0.00%	29.13%	23.34%	20.60%	0.00%	20.05%	21.25%	9.14%	0.00%
Net Operating Profit after Tax (NOPAT)	1,314	1,002	802	780	1,049	955	876	902	548	1,296
NOPAT Margin	53.92%	49.34%	41.68%	40.66%	44.81%	42.89%	39.35%	36.32%	20.70%	34.93%
Net Nonoperating Expense Percent (NNEP)	0.83%	-0.49%	1.01%	3.91%	1.17%	-1.02%	1.19%	0.16%	-1.89%	0.07%
Return On Investment Capital (ROIC_SIMPLE)	-	4.57%	-	-	-	3.97%	-	-	-	2.45%
Cost of Revenue to Revenue	2.91%	3.30%	13.51%	3.54%	15.30%	26.21%	3.46%	3.30%	26.39%	45.97%
SG&A Expenses to Revenue	10.22%	-13.79%	3.84%	3.60%	3.46%	2.96%	14.14%	12.85%	3.18%	-10.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	30.86%	34.83%	33.25%	44.35%	27.44%	19.70%	41.09%	38.10%	46.77%	27.19%
Earnings before Interest and Taxes (EBIT)	1,590	1,336	985	788	1,297	1,293	1,070	1,174	930	1,439
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,926	1,701	1,388	1,220	1,739	1,762	1,539	1,657	1,672	2,595
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.36	1.46	1.49	1.43	1.60	1.60	2.05	2.02	0.82	1.27
Price to Tangible Book Value (P/TBV)	1.36	1.46	1.49	1.43	1.60	1.60	2.05	2.02	0.82	1.27
Price to Revenue (P/Rev)	1.95	2.27	2.52	2.68	3.18	3.16	3.98	3.80	3.21	4.32
Price to Earnings (P/E)	4.29	4.98	5.35	6.44	8.18	8.46	10.85	10.14	9.54	14.33
Dividend Yield	2.35%	2.26%	2.38%	2.52%	2.19%	2.21%	2.40%	2.95%	4.25%	4.51%
Earnings Yield	23.31%	20.08%	18.70%	15.52%	12.23%	11.83%	9.22%	9.86%	10.48%	6.98%
Enterprise Value to Invested Capital (EV/IC)	1.26	1.33	1.35	1.35	1.45	1.43	1.77	1.77	0.87	1.19
Enterprise Value to Revenue (EV/Rev)	2.51	2.91	3.29	3.47	3.86	3.91	4.69	4.41	4.62	5.64
Enterprise Value to EBITDA (EV/EBITDA)	3.33	3.86	4.16	4.63	5.23	5.39	6.52	6.09	6.66	8.36
Enterprise Value to EBIT (EV/EBIT)	4.06	4.74	5.19	6.14	7.18	7.54	9.16	8.43	9.87	13.53
Enterprise Value to NOPAT (EV/NOPAT)	4.64	5.42	6.44	7.40	8.71	9.17	11.16	10.81	13.49	17.26
Enterprise Value to Operating Cash Flow (EV/OCF)	3.99	4.43	4.63	4.58	5.52	5.56	7.02	6.99	7.77	9.73
Enterprise Value to Free Cash Flow (EV/FCFF)	5.51	10.44	25.98	17.77	32.40	19.57	14.40	19.16	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.40	0.43	0.40	0.37	0.38	0.37	0.65	0.33	0.33
Long-Term Debt to Equity	0.37	0.40	0.43	0.40	0.37	0.38	0.37	0.65	0.31	0.30
Financial Leverage	0.39	0.37	0.37	0.32	0.30	0.33	0.33	0.28	0.30	0.31
Leverage Ratio	1.72	1.70	1.70	1.67	1.65	1.67	1.68	1.82	1.68	1.68
Compound Leverage Factor	1.69	1.64	1.64	1.59	1.61	1.64	1.62	1.78	1.66	1.64
Debt to Total Capital	26.90%	28.48%	30.15%	28.75%	26.84%	27.59%	26.89%	39.27%	24.98%	24.56%
Short-Term Debt to Total Capital	0.05%	0.05%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	1.93%	1.70%
Long-Term Debt to Total Capital	26.85%	28.43%	30.11%	28.75%	26.84%	27.59%	26.89%	39.27%	23.04%	22.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.59%	3.10%	2.85%	2.89%	3.03%	3.34%	4.34%	3.54%	2.69%	4.02%
Common Equity to Total Capital	69.51%	68.42%	66.99%	68.35%	70.13%	69.07%	68.77%	57.19%	72.34%	71.42%
Debt to EBITDA	0.74	0.86	0.96	1.05	1.03	1.09	1.06	1.78	1.94	1.74
Net Debt to EBITDA	0.64	0.76	0.88	0.95	0.81	0.90	0.82	0.67	1.82	1.67
Long-Term Debt to EBITDA	0.74	0.86	0.96	1.05	1.03	1.09	1.06	1.78	1.79	1.62
Debt to NOPAT	1.03	1.21	1.49	1.68	1.71	1.85	1.81	3.17	3.94	3.59
Net Debt to NOPAT	0.89	1.07	1.36	1.52	1.34	1.54	1.40	1.20	3.69	3.44
Long-Term Debt to NOPAT	1.03	1.21	1.49	1.68	1.71	1.85	1.81	3.17	3.64	3.34
Altman Z-Score	1.82	1.81	1.68	1.59	1.96	1.92	2.32	1.92	0.91	1.32
Noncontrolling Interest Sharing Ratio	6.13%	6.35%	5.90%	5.66%	4.50%	4.49%	5.06%	5.00%	3.75%	5.12%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.61	0.81	0.62	0.43	0.89	0.77	0.92	3.66	0.45	0.44
Quick Ratio	0.48	0.51	0.42	0.33	0.84	0.68	0.87	3.62	0.40	0.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	490	-1,489	-2,710	-1,498	-1,609	-952	53	-747	-28,498	-28,045
Operating Cash Flow to CapEx	270.37%	105.03%	111.94%	257.31%	0.00%	111.08%	177.87%	342.06%	14.62%	126.47%
Free Cash Flow to Firm to Interest Expense	81.66	-41.37	0.00	-374.43	0.00	0.00	0.00	0.00	0.00	-5,608.91
Operating Cash Flow to Interest Expense	320.83	40.03	0.00	378.25	0.00	0.00	0.00	0.00	0.00	468.20
Operating Cash Flow Less CapEx to Interest Expense	202.17	1.92	0.00	231.25	0.00	0.00	0.00	0.00	0.00	98.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.41	0.39	0.36	0.33	0.32	0.30	0.30	0.29	0.20	0.23
Accounts Receivable Turnover	12.08	13.85	9.99	9.64	9.31	10.73	10.28	12.23	7.95	9.10
Inventory Turnover	13.63	4.00	7.01	7.11	11.67	19.54	17.25	18.20	14.70	28.64
Fixed Asset Turnover	0.46	0.43	0.39	0.36	0.35	0.33	0.33	0.36	0.22	0.24
Accounts Payable Turnover	9.54	3.17	3.17	3.00	3.03	6.55	4.49	3.80	5.18	9.97
Days Sales Outstanding (DSO)	30.21	26.34	36.52	37.86	39.19	34.02	35.52	29.84	45.90	40.09
Days Inventory Outstanding (DIO)	26.79	91.25	52.09	51.30	31.26	18.68	21.15	20.06	24.82	12.75
Days Payable Outstanding (DPO)	38.27	115.30	115.31	121.80	120.45	55.76	81.26	96.14	70.42	36.60
Cash Conversion Cycle (CCC)	18.73	2.29	-26.70	-32.64	-50.00	-3.06	-24.59	-46.24	0.30	16.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	19,207	21,050	22,314	21,405	21,865	22,957	23,137	23,054	50,911	52,298
Invested Capital Turnover	0.51	0.49	0.45	0.41	0.40	0.38	0.38	0.42	0.26	0.29
Increase / (Decrease) in Invested Capital	824	2,491	3,512	2,278	2,658	1,907	823	1,649	29,046	29,341
Enterprise Value (EV)	24,159	28,042	30,091	28,874	31,672	32,909	40,892	40,885	44,237	62,399
Market Capitalization	18,795	21,843	23,098	22,281	26,087	26,577	34,705	35,279	30,755	47,837
Book Value per Share	$79.81	$85.28	$84.23	$85.89	$91.04	$92.88	$94.97	$97.83	$209.81	$129.24
Tangible Book Value per Share	$79.81	$85.28	$84.23	$85.89	$91.04	$92.88	$94.97	$97.83	$209.81	$129.24
Total Capital	19,915	21,938	23,083	22,755	23,214	24,071	24,648	30,507	51,742	52,837
Total Debt	5,357	6,248	6,960	6,543	6,230	6,641	6,629	11,980	12,923	12,975
Total Long-Term Debt	5,347	6,238	6,950	6,543	6,230	6,641	6,629	11,980	11,923	12,075
Net Debt	4,649	5,518	6,334	5,935	4,881	5,527	5,118	4,527	12,092	12,436
Capital Expenditures (CapEx)	712	1,372	1,273	588	-16	1,462	750	447	8,272	1,851
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-671	-478	-769	-1,226	-1,055	-1,072	-1,069	-1,223	-1,814	-1,965
Debt-free Net Working Capital (DFNWC)	-637	-314	-716	-1,205	-225	-487	-170	5,688	-1,441	-1,801
Net Working Capital (NWC)	-647	-324	-726	-1,205	-225	-487	-170	5,688	-2,441	-2,701
Net Nonoperating Expense (NNE)	44	-26	56	194	56	-56	67	7.80	-160	6.43
Net Nonoperating Obligations (NNO)	4,649	5,360	6,191	5,193	4,881	5,527	5,118	4,527	12,092	12,436
Total Depreciation and Amortization (D&A)	336	365	403	432	442	469	469	483	742	1,156
Debt-free, Cash-free Net Working Capital to Revenue	-6.96%	-4.96%	-8.40%	-14.75%	-12.84%	-12.74%	-12.27%	-13.18%	-18.93%	-17.76%
Debt-free Net Working Capital to Revenue	-6.61%	-3.26%	-7.82%	-14.50%	-2.74%	-5.79%	-1.95%	61.31%	-15.04%	-16.28%
Net Working Capital to Revenue	-6.72%	-3.36%	-7.93%	-14.50%	-2.74%	-5.79%	-1.95%	61.31%	-25.47%	-24.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.72	$5.61	$3.88	$3.05	$5.07	$5.34	$4.28	$4.66	$3.19	$3.40
Adjusted Weighted Average Basic Shares Outstanding	174.41M	176.54M	181.99M	180.37M	178.87M	180.00M	178.48M	178.36M	204.73M	213.55M
Adjusted Diluted Earnings per Share	$6.72	$5.61	$3.88	$3.05	$5.07	$5.34	$4.28	$4.66	$3.19	$3.40
Adjusted Weighted Average Diluted Shares Outstanding	174.41M	176.54M	181.99M	180.37M	178.87M	180.00M	178.48M	178.36M	204.73M	213.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	176.00M	183.59M	181.09M	178.82M	178.98M	178.45M	178.34M	178.39M	291.99M	289.44M
Normalized Net Operating Profit after Tax (NOPAT)	1,323	1,004	809	782	1,049	955	886	904	747	1,324
Normalized NOPAT Margin	54.28%	49.46%	42.01%	40.74%	44.84%	42.89%	39.78%	36.41%	28.23%	35.68%
Pre Tax Income Margin	64.01%	63.50%	49.51%	39.14%	54.23%	57.23%	46.34%	46.15%	34.71%	37.86%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	265.00	37.11	0.00	197.00	0.00	0.00	0.00	0.00	0.00	287.80
NOPAT to Interest Expense	218.99	27.82	0.00	195.07	0.00	0.00	0.00	0.00	0.00	259.29
EBIT Less CapEx to Interest Expense	146.33	-1.00	0.00	50.00	0.00	0.00	0.00	0.00	0.00	-82.40
NOPAT Less CapEx to Interest Expense	100.33	-10.29	0.00	48.07	0.00	0.00	0.00	0.00	0.00	-110.91
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	32.41%	39.22%	49.08%	49.09%	40.53%	47.15%	46.75%	49.10%	61.98%	48.77%
Augmented Payout Ratio	58.39%	63.28%	80.67%	88.79%	71.10%	72.33%	62.93%	55.27%	82.09%	74.68%

Frequently Asked Questions About Diamondback Energy's Financials

When does Diamondback Energy's fiscal year end?

According to the most recent income statement we have on file, Diamondback Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Diamondback Energy's net income changed over the last 9 years?

Diamondback Energy's net income appears to be on an upward trend, with a most recent value of $3.70 billion in 2024, falling from -$547.79 million in 2015. The previous period was $3.34 billion in 2023.

What is Diamondback Energy's operating income?

Diamondback Energy's total operating income in 2024 was $4.40 billion, based on the following breakdown:

Total Gross Profit: $8.50 billion
Total Operating Expenses: $4.11 billion

How has Diamondback Energy revenue changed over the last 9 years?

Over the last 9 years, Diamondback Energy's total revenue changed from $446.73 million in 2015 to $11.07 billion in 2024, a change of 2,377.1%.

How much debt does Diamondback Energy have?

Diamondback Energy's total liabilities were at $27.43 billion at the end of 2024, a 137.1% increase from 2023, and a 4,174.3% increase since 2015.

How much cash does Diamondback Energy have?

In the past 9 years, Diamondback Energy's cash and equivalents has ranged from $20.12 million in 2015 to $1.67 billion in 2016, and is currently $161 million as of their latest financial filing in 2024.

How has Diamondback Energy's book value per share changed over the last 9 years?

Over the last 9 years, Diamondback Energy's book value per share changed from 28.12 in 2015 to 129.24 in 2024, a change of 359.5%.

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This page (NASDAQ:FANG) was last updated on 4/21/2025 by MarketBeat.com Staff

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Diamondback Energy (FANG) Financials

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Diamondback Energy (FANG) Financials

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