Diamondback Energy, Inc. (FANG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2023)
FANG's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
FANG Revenue Analysis (2014–2025)
As of February 28, 2026, Diamondback Energy, Inc. (FANG) generated trailing twelve-month (TTM) revenue of $14.98 billion, reflecting moderate decline in growth of -8.7% year-over-year. The most recent quarter (Q4 2025) recorded $3.38 billion in revenue, down 14.0% sequentially.
Looking at the longer-term picture, FANG's 5-year compound annual growth rate (CAGR) stands at +39.8%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $15.03 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows FANG's business is primarily driven by Upstream Services Segment (100%). With over half of revenue concentrated in Upstream Services Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including EOG (-3.5% YoY), DVN (+6.7% YoY), and OVV (-4.0% YoY), FANG has underperformed the peer group in terms of revenue growth. Compare FANG vs EOG →
Peer Comparison
Compare FANG's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FANGCurrent | $15.0B | -8.7% | +39.8% | 32.7% | |
| EOG | $22.6B | -3.5% | +18.0% | 35.1% | |
| DVN | $17.2B | +6.7% | +31.6% | 22.0% | |
| OVV | $8.7B | -4.0% | +7.5% | 21.6% | |
| MTDR | $3.7B | +6.2% | +34.0% | 33.2% | |
| CHRD | $4.9B | -7.1% | +35.1% | 4.0% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $15.03B | +36.3% | $5.28B | 35.2% | $4.92B | 32.7% |
| 2024 | $11.02B | +32.2% | $4.97B | 45.1% | $4.40B | 39.9% |
| 2023 | $8.34B | -12.8% | $4.80B | 57.5% | $4.57B | 54.8% |
| 2022 | $9.57B | +41.8% | $6.70B | 70.1% | $6.51B | 68.0% |
| 2021 | $6.75B | +139.9% | $4.27B | 63.3% | $4.00B | 59.3% |
| 2020 | $2.81B | -29.0% | $637.0M | 22.6% | $-5,476,000,000 | -194.7% |
| 2019 | $3.96B | +82.2% | $1.59B | 40.2% | $695.0M | 17.5% |
| 2018 | $2.18B | +80.6% | $1.12B | 51.3% | $1.01B | 46.5% |
| 2017 | $1.21B | +128.6% | $654.0M | 54.3% | $605.0M | 50.2% |
| 2016 | $527.1M | +18.0% | $220.6M | 41.9% | $-68,617,000 | -13.0% |
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Start ComparisonFrequently Asked Questions
Is FANG's revenue growth accelerating or slowing?
FANG revenue declined -8.7% year-over-year, contrasting with the 5-year CAGR of +39.8%. TTM revenue fell to $15.0B. This reverses the prior growth trend.
What is FANG's long-term revenue growth rate?
Diamondback Energy, Inc.'s 5-year revenue CAGR of +39.8% reflects the variable expansion pattern. Current YoY growth of -8.7% is below this long-term average.
How is FANG's revenue distributed by segment?
FANG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.