Diamondback Energy, Inc.
FANG Energy Oil & Gas E&P
Diamondback Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $15.0 billion, up 35.8% from fiscal 2024. In the quarter to June 2026, revenue grew 51.2%, EPS grew 179.4%, free cash flow grew 219.2% and total debt fell 16.6%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100.
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Diamondback Energy, Inc. (FANG) Free cash flow margin
Diamondback Energy, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 51.3%, up 5.3 percentage points from fiscal 2025 (46.0%). Over the past ten years it has ranged from −7.10% (fiscal 2016) to 70.5% (fiscal 2019); the current reading is higher than 55% of that period. That is above the Oil & Gas E&P industry median of 8.18% and above the Energy sector median of 6.79%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 46.0% | 9.69 |
| FY2024 | 36.3% | (18.73) |
| FY2023 | 55.0% | 6.10 |
| FY2022 | 48.9% | 0.68 |
| FY2021 | 48.2% | (17.31) |
| FY2020 | 65.5% | (4.99) |
| FY2019 | 70.5% | 71.43 |
| FY2018 | −0.92% | (2.66) |
| FY2017 | 1.74% | 8.84 |
| FY2016 | −7.10% | (8.33) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| FANG Diamondback Energy, Inc. | 51.3% |
| TPL Texas Pacific Land Corporation compare | 42.9% |
| EQT EQT Corporation compare | 39.5% |
| EOG EOG Resources, Inc. compare | 25.1% |
| OXY Occidental Petroleum Corporation compare | 23.8% |
| PR Permian Resources Corporation compare | 19.0% |
| EXE Expand Energy Corporation compare | 18.9% |
| DVN Devon Energy Corporation compare | 8.17% |
| WDS Woodside Energy Group Ltd compare | 0.00% |
| Oil & Gas E&P industry median | 8.18% |
| Energy sector median | 6.79% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
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- Free cash flow
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- Operating margin
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