FirmAtlas
Company handbook · FANG · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
FANG · CIK 1539838 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026
Diamondback Energy, Inc.
$203.95
+8.35 (+4.27%)
Close, Oct 16, 2026 · 52-week $137–217
Last fiscal year
Diamondback Energy, Inc. reported revenue of $15.0B for the year ended Dec 31, 2025 (FY25), up 35.8% from FY24. Net income was $1.7B and operating cash flow $8.8B. Source: 10-K filed Feb 25, 2026.
Market cap
$58.0B
P/E
39.6
EV/EBITDA
11.5x
P/B
1.5
Div yield
2.08%
ROIC
2.1%
Revenue 1Y
35.8%/yr
EPS 1Y
−63.1%/yr
Shares 1Y
−2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOKaes Van’t Hof
HQMidland, TX
AuditorGrant Thornton LLP
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
7.3%
13.5%
6.8%
46.3%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$3.7B deployed
Dividends
$2.7B
74.0%
Buybacks
$959M
26.0%
Operating cash flow over the period: $15.2B. Total debt changed by +$1.5B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
11,066
15,026+35.8%
17,102
YoY
+35.8%
Operating income
4,396
1,266−71.2%
1,082
Operating margin
39.7%
8.4%−31.3 pp
—
EBITDA
7,246
6,304−13.0%
—
EBITDA margin
65.5%
42.0%−23.5 pp
—
Interest expense
135
244+80.7%
—
Interest coverage
53.67x
25.84x−27.84x
—
Net income
3,338
1,664−50.1%
1,467
YoY
−50.1%
Net margin
30.2%
11.1%−19.1 pp
—
EPS (diluted, $)
15.53
5.73−63.1%
5.12
YoY
−63.1%
Balance sheet
Total assets
67,292
71,059+5.6%
70,218
Cash & short-term investments
164
106−35.4%
—
Accounts receivable
1,387
1,128−18.7%
—
Inventory
116
86−25.9%
—
Net PP&E
64,472
68,621+6.4%
—
Other assets
1,153
1,118−3.0%
—
Total liabilities
29,556
34,087+15.3%
32,318
Total debt
12,975
14,489+11.7%
12,614
Other liabilities
16,581
19,598+18.2%
—
Shareholders’ equity
37,736
36,972−2.0%
37,900
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
6,413
8,758+36.6%
10,143
Net income
3,701
1,547−58.2%
—
Depreciation & amortization
2,850
5,038+76.8%
—
Stock-based compensation
65
—
—
Working capital & other
(203)
2,173n/m
—
Cash from investing
(11,221)
(7,809)n/m
—
PP&E sold
467
—
—
Other investing
(11,688)
(7,809)n/m
—
Cash from financing
4,387
(1,007)−123.0%
—
Debt raised
5,500
15,042+173.5%
—
Debt repaid
(3,502)
(13,467)n/m
—
Dividends
(1,578)
(1,156)n/m
—
Buybacks
(959)
—
—
Shares issued
476
1,232+158.8%
—
Other financing
4,450
(2,658)−159.7%
—
Net change in cash
(421)
(58)n/m
—
Where the cash went
Returns & ratios
ROIC (all capital)
7.2%
2.1%−5.1 pp
—
ROIC (operating)
5.5%
1.5%−3.9 pp
—
Net debt / EBITDA
1.77x
2.28x+0.51x
—
Debt / equity
0.34x
0.39x+0.05x
—
ROE
8.8%
4.5%−4.3 pp
—
ROA
5.0%
2.3%−2.6 pp
—
ROCE
7.0%
1.9%−5.1 pp
—
NOPAT
3,615
1,045−71.1%
—
Invested capital (operating)
65,975
69,835+5.9%
—
Invested capital (all)
50,547
51,355+1.6%
—
Reinvestment rate
—
369.3%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
3,924
3,376
4,240
5,562
vs year-ago quarter
Operating income
1,236
(2,782)
116
2,512
Net income
1,018
(1,458)
25
1,882
vs year-ago quarter
Net margin
25.9%
−43.2%
0.6%
33.8%
EPS (diluted, $)
3.51
−5.12
0.08
6.65
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
76,213
71,059
70,080
70,218
Cash & equivalents
552
106
176
464
Total debt
16,242
14,489
13,898
12,614
Shareholders’ equity
39,088
36,972
36,473
37,900
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
2,383
2,343
1,828
3,589