Diamondback Energy, Inc. (FANG) Financial Statements
Historical financial data — 42 statements covering FY2018–FY2025
Diamondback is a crude oil and natural gas exploration and production firm whose operations represent a pure-play in the US Permian Basin. The company went public in 2012 and has established itself...
Diamondback Energy, Inc.'s revenue increased 35.8% year over year, from $11.07B to $15.03B.
Net income decreased 50.1% over the same period, from $3.34B to $1.66B.
Over the 7-year period from FY2018 to FY2025, revenue grew by 590% in total.
Total debt increased by 13.7% to $13.73B.
The debt-to-equity ratio stands at 0.37, indicating a moderate leverage profile.
Operating cash flow grew 36.6% to $8.76B.
Diamondback Energy, Inc. maintains a healthy net profit margin of 11.1%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $2.65B+6.5% | $659.0M | $2.26B | $710.0M | $1.21B | $65.75B | $11.92B | $37.43B |
| Q4 FY2024 | $3.71B+40.3% | $1.07B | $3.39B | $1.41B | $2.34B | $67.29B | $12.07B | $37.74B |
| Q1 FY2025 | $4.05B+9.1% | $1.41B | $3.56B | $1.67B | $2.35B | $70.07B | $13.00B | $38.47B |
| Q2 FY2025 | $3.68B-9.1% | $699.0M | $-743.0M | $1.14B | $1.68B | $71.94B | $15.12B | $38.88B |
| Q3 FY2025 | $3.92B+6.7% | $1.02B | $1.24B | $1.24B | $2.38B | $76.21B | $15.85B | $39.09B |
| Q4 FY2025 | $3.38B-14.0% | $-1.46B | $-2.78B | $-2.78B | $2.34B | $71.06B | $13.73B | $36.97B |
| Q1 FY2026 | $4.24B+25.6% | $25.0M | $116.0M | $116.0M | $1.83B | N/A | N/A | N/A |
| Q2 FY2026 | $5.56B+31.2% | $1.88B | $2.51B | $2.51B | $3.59B | N/A | N/A | N/A |
Balance Sheet Summary (FY2025)
Diamondback Energy, Inc. (FANG) Financial Statements & Revenue History
Diamondback Energy, Inc. (FANG) is a US-listed stock operating in the Energy sector, specifically the Crude Petroleum & Natural Gas industry trading at $203.77 with a market capitalization of $57. This page provides 42 historical financial statements for Diamondback Energy, Inc., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Diamondback Energy, Inc. reported revenue of $15.0 billion, representing 35.8% year-over-year growth. The net profit margin of 11.1% indicates moderate profitability. The debt-to-equity ratio of 0.37 shows conservative leverage.
FANG Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Diamondback Energy, Inc.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether FANG is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track FANG's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Diamondback Energy, Inc. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of FANG's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use FANG Financial Data
Investors use Diamondback Energy, Inc.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare FANG's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how FANG's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View FANG's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Diamondback Energy, Inc.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.FANG trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.