Stocktoria

Diamondback Energy, Inc. FANG

Nasdaq · stock · Crude Petroleum & Natural Gas · website · IPO 2012-10-17 · LEI

Diamondback Energy, Inc. statistics & valuation

Market cap$50.6B
P / E30.4×
P / S3.4×
P / B1.2×
Dividend yield2.28%
Net margin11.1%
Return on equity3.9%
Net debt$13.6B
Net debt / EBITDA2.2×
Enterprise value USD$64.2B
EV / EBITDA10.2×
Earnings yield EBIT/EV2%
Return on capital1.9%
Graham number -31.1%$138.43

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($138.43); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-31.30% 40.00% 38.90% 6.10% -160.60% 32.10% 45.50% 37.40% 30.20% 11.10% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-13.00% 50.20% 46.50% 17.50% -194.70% 58.90% 67.50% 54.30% 39.70% 8.40% 2016201720182019202020212022202320242025
Return on equity (%)
-4.10% 8.60% 6.00% 1.60% -46.10% 16.50% 28.00% 18.00% 8.40% 3.90% 2016201720182019202020212022202320242025
Shares outstanding
90.1M 98.2M 164.3M 163.8M 158.1M 177.6M 179.8M 180.0M 291.0M 289.1M 2016201720182019202020212022202320242025
Net debt ($)
-$560.7M $1.37B $4.25B $5.25B $5.52B $5.99B $6.08B $6.06B $11.91B $13.62B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-3.10% 6.20% 3.90% 1.00% -25.60% 9.50% 16.70% 10.80% 5.00% 2.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.28× 0.26× 0.32× 0.36× 0.57× 0.50× 0.40× 0.38× 0.30× 0.32× 2016201720182019202020212022202320242025
EPS ($)
-$2.20 $4.94 $8.06 $1.47 -$28.61 $12.24 $24.61 $17.34 $15.53 $5.73 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Diamondback Energy, Inc. trades at about 35.1× earnings — above its 10-year norm (10-year range 5.9×–50.6×, median 19×).

5.9× 50.6×

Shaded band = 10-year range (5.9×–50.6×); dot = today's 35.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin8.4%39.7%54.3%67.5%58.9%-194.7%17.5%46.5%50.2%-13.0%
Net margin11.1%30.2%37.4%45.5%32.1%-160.6%6.1%38.9%40.0%-31.3%
Return on assets2.3%5.0%10.8%16.7%9.5%-25.6%1.0%3.9%6.2%-3.1%
Return on equity3.9%8.4%18.0%28.0%16.5%-46.1%1.6%6.0%8.6%-4.1%
Debt / equity0.32×0.30×0.38×0.40×0.50×0.57×0.36×0.32×0.26×0.28×
Current ratio0.420.440.770.811.010.490.690.910.628.56

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.