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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Diamondback Energy, Inc. (FANG) Quarterly Financial Ratios

Last 48 quarters of trend data · Energy · Oil & Gas Exploration & Production

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

EV/EBITDA has expanded 9.0% YoY to 6.3x, reflecting rising market expectations or slowing EBITDA growth.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
P/E Ratio →30.38—10.2214.438.2811.1613.5110.7411.587.267.6410.778.69
——-24.3%+34.4%-28.5%+53.7%+76.9%-0.3%+33.2%+19.3%+70.4%+181.6%+10.5%
P/S Ratio3.303.182.652.752.873.233.353.613.993.132.963.093.19
—-1.8%-21.0%-23.9%-28.0%+3.4%+13.1%+16.9%+24.8%+4.5%+37.3%+59.5%+25.7%
P/B Ratio1.171.000.910.941.111.200.911.931.961.591.631.461.53
—-16.8%+0.1%-51.4%-43.5%-24.6%-44.3%+31.9%+28.7%+2.7%+13.0%-1.9%-13.7%
P/FCF9.467.666.45—17.4624.80—10.6015.4644.7313.699.02—
—-69.1%——+12.9%-44.6%—+17.6%——+207.5%+94.2%—
EV / EBITDA6.426.345.675.745.295.828.276.256.475.074.665.315.52
—+9.0%-31.5%-8.1%-18.3%+14.7%+77.7%+17.7%+17.4%+8.4%+37.9%+82.6%+44.3%
EV / EBIT13.00—10.0013.787.559.4312.788.579.596.476.349.447.89
——-21.7%+60.8%-21.3%+45.9%+101.7%-9.3%+21.7%+11.5%+54.3%+167.7%+11.2%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Diamondback Energy, Inc.'s operating margin was 25.8% in Q4 2025, down 5.7 pp QoQ and down 12.4 pp YoY. The trailing four-quarter average of 32.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 40.9% YoY, suggesting cost inflation or competitive pricing pressure.

Margins

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Gross Margin35.2%24.3%34.6%34.6%45.0%41.1%39.8%49.0%53.4%56.2%60.8%55.8%57.7%
—-40.9%-13.0%-29.4%-15.7%-26.9%-34.5%-12.1%-7.5%-12.9%-12.4%-24.3%-19.6%
Operating Margin32.7%25.8%31.5%31.2%41.5%38.2%26.9%46.7%50.4%54.4%57.3%52.1%53.2%
—-32.5%+16.9%-33.3%-17.7%-29.7%-53.0%-10.3%-5.3%-12.2%-13.5%-27.1%-22.8%
Net Margin11.1%-43.2%25.9%19.1%34.9%29.1%25.0%33.8%34.6%43.3%39.1%29.0%37.0%
—-248.6%+3.8%-43.4%+0.7%-32.9%-36.1%+16.8%-6.4%-12.7%-19.5%-43.4%+14.3%

Return on Capital

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
ROE4.0%-3.3%2.3%1.7%3.4%2.7%2.3%4.6%4.3%5.6%5.5%3.4%4.5%
—-220.6%+0.2%-63.9%-20.5%-51.1%-58.3%+33.2%-3.2%-16.2%-32.6%-65.7%-22.1%
ROA2.4%-2.0%1.4%1.0%2.0%1.6%1.3%2.6%2.6%3.4%3.3%2.0%2.6%
—-222.6%+5.7%-61.6%-21.8%-52.0%-60.5%+27.1%-1.1%-16.4%-34.3%-66.7%-21.5%
ROIC6.7%1.1%1.6%1.5%2.4%2.0%1.4%3.7%3.5%3.9%4.5%3.3%3.4%
—-46.4%+9.3%-58.2%-33.1%-47.9%-68.1%+11.8%+3.4%-12.9%-27.0%-56.5%-46.5%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

Diamondback Energy, Inc.'s Debt/EBITDA ratio is 6.4x — elevated, raising questions about debt serviceability. The current ratio has weakened 5.1% YoY to 0.42x, tightening the short-term liquidity position.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Debt / Equity0.340.340.360.350.330.310.330.650.370.390.370.400.43
—+8.1%+6.9%-45.3%-9.4%-20.1%-9.2%+60.2%-14.8%-4.0%-0.3%+6.4%+2.3%
Debt / EBITDA1.466.416.396.325.044.818.947.354.184.063.504.604.87
—+33.2%-28.4%-14.0%+20.6%+18.5%+155.1%+59.7%-14.3%+3.9%+27.5%+94.5%+64.4%
Current Ratio0.420.420.620.550.860.440.453.660.920.770.890.430.62
—-5.1%+37.5%-85.0%-6.6%-43.0%-49.4%+746.8%+49.5%-5.2%+45.7%-41.0%-14.5%
Quick Ratio0.400.400.600.520.830.410.423.640.890.740.860.400.58
—-4.1%+41.8%-85.7%-6.5%-43.9%-50.7%+806.0%+54.3%-4.3%+48.8%-42.1%-15.7%
Interest Coverage20.1611.1517.6620.3441.8341.5339.4426.2728.6732.5736.2220.4122.28
—————————————

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Includes 30+ ratios · 48 years · Updated daily

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Frequently Asked Questions

What is Diamondback Energy, Inc.'s quarterly P/E ratio trend?

Diamondback Energy, Inc.'s current P/E is 30.4x. The average P/E over the last 3 quarters is 11.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Diamondback Energy, Inc.'s margins change by quarter?

Diamondback Energy, Inc.'s current operating margin is 32.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at FANG quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Diamondback Energy, Inc.'s business trajectory between earnings reports.

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