undamentalytics Newsletter
Sign in

Diamondback Energy key statistics and ratios

In fiscal 2025, Diamondback Energy had return on equity of 4.5% and a net margin of 11.1%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Net margin−31.3%40.0%38.9%6.1%−160.6%32.1%45.5%37.4%30.2%11.1%8.6%
Return on equity−4.5%10.8%8.9%1.8%−41.0%20.9%32.4%19.9%12.3%4.5%3.9%
Return on assets−3.1%7.3%5.8%1.1%−22.0%10.8%17.9%11.4%6.9%2.4%2.1%
Effective tax rate—−4.0%15.1%13.0%—21.7%20.5%21.5%17.8%17.4%18.0%
SG&A as % of revenue8.1%4.0%3.0%2.6%3.1%2.1%1.5%1.8%1.9%1.9%1.7%
Dividends ÷ net income—0.0%4.4%46.7%—14.3%35.8%45.9%47.3%69.5%80.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $70.2bn
Short-term assets $2.6bnLonger-term assets $67.6bn
What it owes, and who funded it · $64.1bn
Short-term liabilities $5.7bnLonger-term liabilities $20.6bnShareholders' equity $37.9bn
  • Short-term assets cover short-term liabilities $2.6bn of assets due within a year against $5.7bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.6bn short-term assets against $20.6bn of longer-dated liabilities.
  • More cash than debt $462m of cash against $12.6bn of debt.
  • Debt below 40% of shareholders' equity Debt is 33% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 55% to 33% over five years.
  • A year's operating cash flow covers at least 20% of debt $10.1bn of operating cash flow against $12.6bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Diamondback Energy's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

56 /100

Moderate moat

How hard Diamondback Energy's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 6 / 20

    Net income has been a median 5.0% of total assets over 10 years.

  • Durability 10 / 20

    Operating margin has been a median 39.1%; its worst year was -103.1%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 8 of 9 years, at a median 47.8% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 77.5% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: DVN vs FANGEXE vs FANGEOG vs FANG

More: Oil & Gas Exploration & Production stocks compared, Energy sector, rankings of US companies

Figures from Diamondback Energy's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Diamondback Energy.