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) Return on invested capital
Diamondback Energy, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 1.20%, down 0.2 percentage points from fiscal 2025 (1.38%). Over the past ten years it has ranged from −22.1% (fiscal 2020) to 18.7% (fiscal 2022); the current reading is higher than 36% of that period. That is below the Oil & Gas E&P industry median of 6.32% and below the Energy sector median of 5.84%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 1.38% | (3.84) |
| FY2024 | 5.22% | (6.94) |
| FY2023 | 12.2% | (6.52) |
| FY2022 | 18.7% | 5.70 |
| FY2021 | 13.0% | 35.04 |
| FY2020 | −22.1% | (24.21) |
| FY2019 | 2.15% | (1.28) |
| FY2018 | 3.43% | (2.01) |
| FY2017 | 5.44% | 6.68 |
| FY2016 | −1.24% | 16.72 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| TPL Texas Pacific Land Corporation compare | 29.5% |
| EOG EOG Resources, Inc. compare | 16.0% |
| EXE Expand Energy Corporation compare | 10.3% |
| PR Permian Resources Corporation compare | 8.64% |
| EQT EQT Corporation compare | 7.36% |
| OXY Occidental Petroleum Corporation compare | 6.85% |
| DVN Devon Energy Corporation compare | 5.05% |
| FANG Diamondback Energy, Inc. | 1.20% |
| WDS Woodside Energy Group Ltd compare | 0.00% |
| Oil & Gas E&P industry median | 6.32% |
| Energy sector median | 5.84% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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