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) Gross margin
Diamondback Energy, Inc.'s gross margin over the twelve months to 30 June 2026 was 84.8%, up 0.6 percentage points from fiscal 2025 (84.2%). Over the past ten years it has ranged from 79.9% (fiscal 2020) to 90.6% (fiscal 2022); the current reading is higher than 45% of that period. That is above the Oil & Gas E&P industry median of 80.4% and above the Energy sector median of 49.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 84.2% | (1.00) |
| FY2024 | 85.2% | (1.06) |
| FY2023 | 86.2% | (4.34) |
| FY2022 | 90.6% | 1.99 |
| FY2021 | 88.6% | 8.66 |
| FY2020 | 79.9% | (3.21) |
| FY2019 | 83.1% | (2.96) |
| FY2018 | 86.1% | (1.47) |
| FY2017 | 87.6% | 5.39 |
| FY2016 | 82.2% | 2.02 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 88.0% | 3.77 |
| Mar 2026 | 84.3% | 3.94 |
| Dec 2025 | 80.3% | (4.07) |
| Sep 2025 | 84.4% | 0.31 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| TPL Texas Pacific Land Corporation compare | 100.0% |
| EOG EOG Resources, Inc. compare | 100.0% |
| FANG Diamondback Energy, Inc. | 84.8% |
| EXE Expand Energy Corporation compare | 80.7% |
| DVN Devon Energy Corporation compare | 79.5% |
| EQT EQT Corporation compare | 79.3% |
| PR Permian Resources Corporation compare | 75.9% |
| OXY Occidental Petroleum Corporation compare | 73.3% |
| WDS Woodside Energy Group Ltd compare | 52.0% |
| Oil & Gas E&P industry median | 80.4% |
| Energy sector median | 49.5% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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