Diamondback Energy, Inc. (FANG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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FANG Revenue Growth
Revenue Breakdown (FY 2025)
FANG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
FANG Revenue Analysis (2014–2025)
As of May 8, 2026, Diamondback Energy, Inc. (FANG) generated trailing twelve-month (TTM) revenue of $15.19 billion, reflecting solid growth of +5.2% year-over-year. The most recent quarter (Q1 2026) recorded $4.24 billion in revenue, up 25.6% 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 Oil Exploration and Production (88%), Oil Purchased (5%), and Natural Gas Liquids Production (5%). With over half of revenue concentrated in Oil Exploration and Production, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including MTDR (-9.2% YoY), CTRA (+7.3% YoY), and SM (+28.5% YoY), FANG has underperformed the peer group in terms of revenue growth. Compare FANG vs MTDR →
FANG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FANGCurrent | $15.2B | +5.2% | +39.8% | 32.7% | |
 MTDR | $3.7B | -9.2% | +33.7% | 32.5% | |
 CTRA | $2.8B | +7.3% | +14.4% | 89.1% | |
 SM | $3.2B | +28.5% | +22.9% | 26.1% | |
 PARR | $7.5B | -2.5% | +19.0% | 7.2% | |
 EOG | $22.6B | +0.4% | +18.0% | 35.1% |
FANG Historical Revenue Data (2014–2025)
| 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% |
Full FANG Stock Analysis
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Start ComparisonFANG — Frequently Asked Questions
Quick answers to the most common questions about buying FANG stock.
Is FANG's revenue growth accelerating or slowing?
FANG maintains +5.2% revenue growth, in line with its 5-year CAGR of +39.8%. TTM revenue stands at $15.2B. Growth rate remains consistent with historical average.
What is FANG's long-term revenue growth rate?
Diamondback Energy, Inc.'s 5-year revenue CAGR of +39.8% reflects the sustained expansion pattern. Current YoY growth of +5.2% is near 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.