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NASDAQ · CRUDE PETROLEUM & NATURAL GAS · LARGE CAP

Diamondback Energy, Inc. FANG

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$15.0B
▲ 35.8% YoY
$1.7B
▼ 50.1% YoY
$2.8B

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Diamondback Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. It reports operations in one reportable segment, the upstream segment. At December 31, 2025, its total acreage position in the Permian Basin was approximately 1,097,846 gross (869,036 net) acres, consisting primarily of 982,692 gross (774,645 net) acres in the Midland Basin and 115,154 gross (94,391 net) acres in the Delaware Basin. As of December 31, 2025, its estimated proved oil and natural gas reserves were 3,617,856 MBOE, which includes estimated reserves of 406,035 MBOE attributable to the mineral interests owned by its publicly traded subsidiary Viper. It ended 2025 with 1,762 full-time employees.

Written from the business description in Diamondback Energy, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 15.0B
Revenue, FY2025 · full 16-year series below
Revenue $B Net income $B
FY2025 · Revenue 15.0 · Net income 1.7
10B20B-2B-4B
201020132016201920222025
Compound annual growth
+15.9%
+39.8%
+42.1%
+52.3%
−27.6%
+42.5%
−24.3%
+28.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +39.8% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

10 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 8.4% · Net 10.3%
20%40%60%-50%-100%-150%
201020172025
ROE
FY2025 · ROE 4.5%
10%20%30%-20%-40%
201020172025
Three returns, three denominators.

Each USD of equity produced 4 cents of profit this year.

Cash & shareholders

USD 1.2B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 2.8
2B4B-1B-2B
201020172025
Net buybacks $B Dividends $B
FY2025 · Dividends 1.2 · Net buybacks ·
1.0B2.0B-0.2B-0.4BDividendsNet buybacks
2016201720182019202020212022202320242025

USD 1.2B in dividends — 69% of the year's profit went back to shareholders.

Total assetsUSD 71.1B
EquityUSD 37.0B
CashUSD 104.0M
Gross debtUSD 14.5B
Net debtUSD 14.4B
Current ratio0.42×

Net debt stands at 39% of equity.

The 16-year record

16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
FANG, 16-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B15.011.18.49.66.82.84.02.21.20.50.40.50.20.10.00.0
Operating income $B1.34.44.66.54.0−5.50.71.00.6−0.1−0.70.20.10.00.00.0
EBITDA $B6.37.26.37.95.3−4.22.11.60.90.1−0.50.40.20.00.00.0
Income tax $B0.30.80.91.20.6−1.10.00.2−0.00.0−0.20.10.00.1◌◌
Net income $B1.73.33.14.42.2−4.50.20.80.5−0.2−0.60.20.1−0.0−0.00.0
Free cash flow $B2.8−2.53.94.73.21.92.00.2−1.1−0.3−0.0−0.5−0.00.00.0−0.0
EPS, diluted $5.7315.5317.3424.6112.24−28.611.478.064.94−2.20−8.743.641.29◌◌◌
Dividend / sh $4.008.297.998.961.751.520.940.500.00◌◌◌◌◌◌◌
Payout %6947463614−54740−0——————
ROE %4.512.319.932.420.9−41.01.88.910.8−5.9−30.414.98.3−12.4−0.37.1
Shares out B0.280.290.180.180.180.160.160.160.100.090.070.060.050.040.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 59 reconciliationsAUDITED

Reconciled in 16 of the 16 fiscal years we could check. Eight checks were skipped: the balance sheet is not tagged before 2011. Six checks were skipped: EPS is not tagged before 2013.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityCrude Petroleum & Natural Gas
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2010

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