17 years of historical data (2009–2025) · Energy · Oil & Gas Exploration & Production
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Diamondback Energy, Inc. trades at 30.4x earnings, 153% above its 5-year average of 12.0x, sitting at the 80th percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a premium of 81%. On a free-cash-flow basis, the stock trades at 9.5x P/FCF, 27% below the 5-year average of 13.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $49.5B | $43.5B | $35.0B | $27.9B | $24.1B | $19.1B | $7.6B | $15.2B | $9.7B | $12.3B | $7.6B |
| Enterprise Value | $63.9B | $57.8B | $47.3B | $34.1B | $30.4B | $25.2B | $13.5B | $20.6B | $14.0B | $13.7B | $7.0B |
| P/E Ratio → | 30.38 | 26.24 | 10.55 | 8.94 | 5.56 | 8.77 | — | 63.60 | 11.50 | 25.56 | — |
| P/S Ratio | 3.30 | 2.89 | 3.17 | 3.35 | 2.52 | 2.84 | 2.72 | 3.84 | 4.47 | 10.23 | 14.39 |
| P/B Ratio | 1.17 | 1.01 | 0.88 | 1.60 | 1.54 | 1.44 | 0.78 | 1.02 | 0.69 | 2.21 | 1.89 |
| P/FCF | 9.46 | 8.30 | — | 23.15 | 8.90 | 11.45 | 103.32 | — | — | — | — |
| P/OCF | 5.66 | 4.96 | 5.46 | 4.72 | 3.82 | 4.85 | 3.61 | 5.55 | 6.22 | 13.87 | 22.85 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Diamondback Energy, Inc.'s enterprise value stands at 6.4x EBITDA, 22% above its 5-year average of 5.3x. The Energy sector median is 7.3x, placing the stock at a 12% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.85 | 4.29 | 4.09 | 3.17 | 3.74 | 4.79 | 5.19 | 6.45 | 11.39 | 13.36 |
| EV / EBITDA | 6.42 | 5.81 | 6.52 | 5.40 | 3.87 | 4.79 | — | 9.58 | 8.59 | 14.73 | 64.36 |
| EV / EBIT | 13.00 | 27.31 | 9.87 | 7.72 | 5.16 | 8.15 | — | 38.76 | 11.78 | 25.51 | — |
| EV / FCF | — | 11.05 | — | 28.30 | 11.20 | 15.12 | 182.05 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Diamondback Energy, Inc. earns an operating margin of 32.7%, significantly above the Energy sector average of 13.9%. Operating margins have compressed from 54.8% to 32.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.0% is modest, trailing the sector median of 8.2%. ROIC of 6.7% represents adequate returns on invested capital versus a sector median of 6.8%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.2% | 35.2% | 45.1% | 57.5% | 70.1% | 63.3% | 22.6% | 40.2% | 51.3% | 54.3% | 41.9% |
| Operating Margin | 32.7% | 32.7% | 39.9% | 54.8% | 68.0% | 59.3% | -194.7% | 17.5% | 46.5% | 50.2% | -13.0% |
| Net Profit Margin | 11.1% | 11.1% | 30.3% | 37.7% | 45.8% | 32.3% | -160.6% | 6.1% | 38.9% | 40.0% | -31.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.0% | 4.0% | 11.7% | 19.0% | 30.3% | 18.9% | -36.6% | 1.7% | 8.6% | 10.0% | -5.4% |
| ROA | 2.4% | 2.4% | 6.9% | 11.4% | 17.9% | 10.8% | -22.0% | 1.1% | 5.8% | 7.3% | -4.1% |
| ROIC | 6.7% | 6.7% | 8.7% | 15.0% | 23.7% | 17.2% | -22.9% | 2.7% | 6.0% | 8.7% | -1.7% |
| ROCE | 7.6% | 7.6% | 9.8% | 17.8% | 28.3% | 21.1% | -28.3% | 3.2% | 7.3% | 9.8% | -1.8% |
Solvency and debt-coverage ratios — lower is generally safer
Diamondback Energy, Inc. carries a Debt/EBITDA ratio of 1.5x, which is manageable (42% below the sector average of 2.5x). Net debt stands at $14.4B ($14.5B total debt minus $106M cash). Interest coverage of 20.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.34 | 0.34 | 0.31 | 0.39 | 0.41 | 0.51 | 0.60 | 0.37 | 0.32 | 0.27 | 0.28 |
| Debt / EBITDA | 1.46 | 1.46 | 1.72 | 1.08 | 0.81 | 1.28 | — | 2.55 | 2.77 | 1.62 | 10.24 |
| Net Debt / Equity | — | 0.33 | 0.31 | 0.36 | 0.40 | 0.46 | 0.59 | 0.36 | 0.30 | 0.25 | -0.14 |
| Net Debt / EBITDA | 1.44 | 1.44 | 1.69 | 0.98 | 0.79 | 1.16 | — | 2.50 | 2.64 | 1.49 | -5.00 |
| Debt / FCF | — | 2.75 | — | 5.16 | 2.29 | 3.66 | 78.73 | — | — | — | — |
| Interest Coverage | 20.16 | 20.16 | 15.11 | 26.11 | 40.67 | 20.00 | -27.24 | 4.02 | 11.51 | 14.76 | -1.69 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.42x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.77x to 0.42x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.42 | 0.42 | 0.44 | 0.77 | 0.81 | 1.01 | 0.49 | 0.69 | 0.91 | 0.62 | 8.56 |
| Quick Ratio | 0.40 | 0.40 | 0.41 | 0.74 | 0.77 | 0.96 | 0.46 | 0.66 | 0.87 | 0.61 | 8.55 |
| Cash Ratio | 0.02 | 0.02 | 0.03 | 0.28 | 0.09 | 0.45 | 0.08 | 0.10 | 0.21 | 0.19 | 7.96 |
| Asset Turnover | — | 0.21 | 0.16 | 0.29 | 0.36 | 0.29 | 0.16 | 0.17 | 0.10 | 0.16 | 0.10 |
| Inventory Turnover | 113.29 | 113.29 | 52.16 | 56.21 | 42.76 | 39.95 | 65.94 | 64.08 | 28.19 | 60.50 | 154.57 |
| Days Sales Outstanding | — | 33.67 | 52.48 | 37.07 | 38.38 | 36.30 | 56.70 | 58.38 | 72.11 | 70.16 | 83.18 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Diamondback Energy, Inc. returns 6.4% to shareholders annually — split between a 2.3% dividend yield and 4.1% buyback yield. A payout ratio of 69.5% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 3.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.3% | 2.7% | 4.5% | 5.2% | 6.5% | 1.6% | 3.1% | 0.7% | 0.4% | — | — |
| Payout Ratio | 69.5% | 69.5% | 47.3% | 45.9% | 35.8% | 14.3% | — | 46.7% | 4.4% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 3.8% | 9.5% | 11.2% | 18.0% | 11.4% | — | 1.6% | 8.7% | 3.9% | — |
| FCF Yield | 10.6% | 12.0% | — | 4.3% | 11.2% | 8.7% | 1.0% | — | — | — | — |
| Buyback Yield | 4.1% | 4.6% | 2.7% | 3.3% | 5.2% | 2.7% | 1.8% | 3.9% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.4% | 7.3% | 7.3% | 8.5% | 11.7% | 4.4% | 4.9% | 4.6% | 0.4% | 0.0% | 0.0% |
| Shares Outstanding | — | $289M | $214M | $180M | $177M | $177M | $158M | $164M | $105M | $98M | $75M |
Compare FANG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| FANGYou | $50B | 30.4 | 6.4 | 9.5 | 35.2% | 32.7% | 4.0% | 6.7% | 1.5 |
| EOG | $67B | 13.6 | 5.7 | 17.1 | 68.1% | 35.1% | 16.8% | 19.1% | 0.7 |
| DVN | $27B | 10.4 | 4.6 | 8.7 | 24.6% | 22.0% | 17.5% | 12.3% | 1.2 |
| OVV | $13B | 10.6 | 5.0 | 8.5 | 28.6% | 21.6% | 11.5% | 8.0% | 1.8 |
| MTDR | $6B | 8.4 | 3.5 | 2.7 | 88.8% | 33.2% | 13.3% | 11.8% | 0.9 |
| CHRD | $6B | 146.4 | 4.5 | 8.9 | — | 4.0% | 5.3% | 1.6% | 0.9 |
| SM | $3B | 4.1 | 3.7 | 4.6 | — | 0.5% | 14.3% | 0.2% | 1.9 |
| CIVI | $2B | 3.2 | 1.9 | 2.6 | 41.2% | 29.0% | 13.1% | 10.8% | 1.3 |
| PR | $2B | 14.3 | 0.4 | 0.4 | — | — | 8.5% | 8.5% | 0.0 |
| VTLE | $693M | -3.8 | 4.5 | — | 31.4% | -1.2% | -6.3% | -0.3% | 3.6 |
| HPK | $654M | 7.8 | 1.9 | 9.5 | 35.2% | 31.6% | 6.0% | 10.0% | 1.3 |
| Energy Median | — | 16.8 | 7.3 | 11.5 | 35.3% | 13.9% | 8.2% | 6.8% | 2.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 17 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how FANG stacks up against sector leader EOG Resources, Inc..
Start ComparisonDiamondback Energy, Inc.'s current P/E ratio is 30.4x. The historical average is 21.8x. This places it at the 80th percentile of its historical range.
Diamondback Energy, Inc.'s current EV/EBITDA is 6.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.8x.
Diamondback Energy, Inc.'s return on equity (ROE) is 4.0%. The historical average is 2.9%.
Based on historical data, Diamondback Energy, Inc. is trading at a P/E of 30.4x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Diamondback Energy, Inc.'s current dividend yield is 2.30% with a payout ratio of 69.5%.
Diamondback Energy, Inc. has 35.2% gross margin and 32.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Diamondback Energy, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.