Diamondback Energy, Inc. (FANG) Financial Ratios
17 years of historical data (2009–2025) · Energy · Oil & Gas Exploration & Production
EV/EBITDA
↑
6.63
↑+26% vs avg
5yr avg: 5.28
30Y Low3.9·High64.4
P/FCF
↓
9.86
↓-24% vs avg
5yr avg: 12.95
30Y Low8.3·High103.3
P/B Ratio
↓
1.23
-5% vs avg
5yr avg: 1.29
30Y Low0.7·High2.6
ROE
↓
4.0%
↑-76% vs avg
5yr avg: 16.8%
30Y Low-37%·High30%
Debt/EBITDA
↑
1.46
+15% vs avg
5yr avg: 1.27
30Y Low0.1·High10.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FANG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Diamondback Energy, Inc. trades at 32.0x earnings, 167% 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 15.4x, the stock trades at a premium of 108%. On a free-cash-flow basis, the stock trades at 9.9x P/FCF, 24% 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 | $51.6B | $43.5B | $35.0B | $27.9B | $24.1B | $19.1B | $7.6B | $15.2B | $9.7B | $12.3B | $7.6B |
| Enterprise Value | $66.0B | $57.8B | $47.3B | $34.1B | $30.4B | $25.2B | $13.5B | $20.6B | $14.0B | $13.7B | $7.0B |
| P/E Ratio → | 32.02 | 26.24 | 10.55 | 8.94 | 5.56 | 8.77 | — | 63.60 | 11.50 | 25.56 | — |
| P/S Ratio | 3.44 | 2.89 | 3.17 | 3.35 | 2.52 | 2.84 | 2.72 | 3.84 | 4.47 | 10.23 | 14.39 |
| P/B Ratio | 1.23 | 1.01 | 0.88 | 1.60 | 1.54 | 1.44 | 0.78 | 1.02 | 0.69 | 2.21 | 1.89 |
| P/FCF | 9.86 | 8.30 | — | 23.15 | 8.90 | 11.45 | 103.32 | — | — | — | — |
| P/OCF | 5.89 | 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
FANG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Diamondback Energy, Inc.'s enterprise value stands at 6.6x EBITDA, 26% above its 5-year average of 5.3x. The Energy sector median is 7.8x, placing the stock at a 15% 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 | 6.63 | 5.81 | 6.52 | 5.40 | 3.87 | 4.79 | — | 9.58 | 8.59 | 14.73 | 64.36 |
| EV / EBIT | 13.42 | 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 | — | — | — | — |
FANG Profitability
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 13.8%. 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 7.2%. ROIC of 6.7% represents adequate returns on invested capital versus a sector median of 6.2%.
Margins
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% |
Return on Capital
| 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% |
FANG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Diamondback Energy, Inc. carries a Debt/EBITDA ratio of 1.5x, which is manageable (44% below the sector average of 2.6x). Net debt stands at $14.4B ($14.5B total debt minus $106M cash). Interest coverage of 8.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| 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 | 8.68 | 8.68 | 16.46 | 25.27 | 36.77 | 15.48 | -27.77 | 3.07 | 13.56 | 13.12 | -3.05 |
FANG Liquidity & Efficiency
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 |
FANG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Diamondback Energy, Inc. returns 6.1% to shareholders annually — split between a 2.2% dividend yield and 3.9% buyback yield. A payout ratio of 69.5% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 3.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 2.2% | 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% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.1% | 3.8% | 9.5% | 11.2% | 18.0% | 11.4% | — | 1.6% | 8.7% | 3.9% | — |
| FCF Yield | 10.1% | 12.0% | — | 4.3% | 11.2% | 8.7% | 1.0% | — | — | — | — |
| Buyback Yield | 3.9% | 4.6% | 2.7% | 3.3% | 5.2% | 2.7% | 1.8% | 3.9% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.1% | 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 |
Peer Comparison
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 | $52B | 32.0 | 6.6 | 9.9 | 35.2% | 32.7% | 4.0% | 6.7% | 1.5 |
 MTDR | $6B | 8.1 | 4.0 | 25.5 | 43.7% | 32.5% | 13.3% | 10.5% | 1.5 |
 CTRA | $25B | 14.5 | 5.9 | 15.1 | 60.4% | 89.1% | 12.3% | 10.9% | 0.8 |
 SM | $3B | 4.8 | 2.5 | 5.4 | 31.9% | 26.1% | 14.3% | 8.9% | 1.1 |
 PARR | $3B | 7.1 | 5.5 | 8.5 | 18.1% | 7.2% | 26.9% | 15.1% | 2.0 |
 EOG | $69B | 14.3 | 5.9 | 17.6 | 68.1% | 35.1% | 16.8% | 19.1% | 0.7 |
 DVN | $26B | 10.0 | 4.5 | 8.4 | 24.7% | 22.0% | 17.5% | 12.3% | 1.2 |
 OVV | $15B | 11.0 | 5.4 | 9.8 | 28.6% | 21.6% | 11.5% | 8.0% | 1.8 |
 COP | $131B | 17.0 | 6.4 | 7.8 | 24.6% | 19.6% | 12.4% | 10.4% | 1.0 |
 APA | $12B | 8.3 | 3.0 | 6.6 | 37.3% | 30.8% | 21.5% | 17.8% | 0.9 |
 HAL | $29B | 23.3 | 10.3 | 17.4 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 17 years · Updated daily
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FANG — Frequently Asked Questions
Quick answers to the most common questions about buying FANG stock.
What is Diamondback Energy, Inc.'s P/E ratio?
Diamondback Energy, Inc.'s current P/E ratio is 32.0x. The historical average is 21.8x. This places it at the 80th percentile of its historical range.
What is Diamondback Energy, Inc.'s EV/EBITDA?
Diamondback Energy, Inc.'s current EV/EBITDA is 6.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.8x.
What is Diamondback Energy, Inc.'s ROE?
Diamondback Energy, Inc.'s return on equity (ROE) is 4.0%. The historical average is 2.9%.
Is FANG stock overvalued?
Based on historical data, Diamondback Energy, Inc. is trading at a P/E of 32.0x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Diamondback Energy, Inc.'s dividend yield?
Diamondback Energy, Inc.'s current dividend yield is 2.18% with a payout ratio of 69.5%.
What are Diamondback Energy, Inc.'s profit margins?
Diamondback Energy, Inc. has 35.2% gross margin and 32.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Diamondback Energy, Inc. have?
Diamondback Energy, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.