Diamondback is a crude oil and natural gas exploration and production firm whose operations represent a pure-play in the US Permian Basin. The company went public in 2012 and has established itself as a top-tier independent producer through disciplined acquisition and operational excellence.
It is a $53.7B energy company. Revenue grew 21.4% over the last year, it keeps 9¢ of every dollar of sales as profit, and its net debt equals ~1.3 years of free cash flow. It trades at 36.7× earnings — in the most expensive third of its own history.
- Website
- diamondbackenergy.com
- Location
- Midland, TX
- Employees
- 1 762
- Sector
- Energy
- Founded
- 2007
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Profitability, Health, Quality and Moat lag behind.
Valuation65
- P/E vs own history82th pct · 0/25
- FCF yield18.9% · 25/25
- P/S3.1x · 20/25
- EV/EBITDA10.2x · 20/25
Growth50
- Revenue CAGR21.9% · 25/25
- Net income CAGR-6.6% · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth282.5% · 25/25
Profitability28
- ROIC3.3% · 5/25
- ROE3.9% · 5/25
- Net margin8.6% · 13/25
- Operating margin7.1% · 5/25
Health47
- Altman Z1.57 · 10/25
- Current ratio0.47 · 0/25
- Interest coverage12.1x · 25/25
- Net cash / debtD/A 19% · 12/25
Quality35
- Piotroski F4/9 · 10/25
- Beneish M1.84 · 0/25
- FCF conversion272% · 25/25
- Margin stabilityσ 82.7% · 0/25
Moat31
- ROIC >12% years3/10 yrs · 6/25
- Median gross margin91.9% · 25/25
- FCF-positive yearsn/a · 0/25
- Worst-year net marginworst -160.6% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2025AcquisitionThe company acquired Double Eagle IV for $3 billion in cash and 6.9 million shares of stock
- FY2024FinancialRevenue crossed $10B$11.1B for the year
- 2024AcquisitionThe company acquired Endeavor Energy Resources
- FY2022FinancialBest year on record$4.39B net income
- 2021AcquisitionThe company acquired QEP Resources
- FY2018FinancialRevenue crossed $1B$2.18B for the year
- 2018AcquisitionThe company acquired the assets of Ajax Resources for $1.25 billion
- FY2017FinancialTurned profitable$482M net income after a loss year
- 2017AcquisitionThe company acquired assets from Brigham Resources for $2.55 billion
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2012IPOThe company became a public company via an initial public offering, issuing 12,500,000 shares of…
- 2007FoundedThe company began operations in December 2007 with the acquisition of 4,174 net acres in the Permian Basin
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (68.0%)
- Revenue growing 21.4% year over year
- Strong cash conversion — FCF is 59.3% of revenue
- Interest covered 12.1× by operating earnings
Watch-outs
- Altman Z-Score 1.57 — elevated financial-distress risk
- Loss-making in 2 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+21.4% YoY
- Profitable — makes more than it spends$1.47B TTM
- Profit growing — earnings are higher than last year-38.6% YoY
- Generates cash — cash left after running and investing$10.1B TTM
- Debt under control — could handle its obligations~1.3y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$53.7B market cap
- Not printing shares — share count not ballooning — you keep your slice+83.0% shares over ~5y
- Proven track record — years of profitability behind it8/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 1.6 — distress
- Pays a dividend — returns cash to shareholdersyield 2.19%
- Valuation not extreme — price not wildly above earningsP/E 36.7
Peer comparisonDiamondback Energy, Inc. vs 6 largest energy peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| FANG this company | $53.7B | 36.7 | +21.4% | 8.6% | Mixed |
| XOM ExxonMobil Holdings Corporation | $694.0B | 21.1 | +9.1% | 8.9% | Mixed |
| CVX Chevron Corporation | $416.8B | 20.3 | +10.2% | 9.6% | Mixed |
| SHEL Shell plc | $284.6B | 11.0 | -6.1% | 6.7% | Solid |
| TTE TotalEnergies SE | $191.1B | 10.9 | -6.8% | 7.2% | Solid |
| COP ConocoPhillips | $161.5B | 17.4 | +9.6% | 14.7% | Strained |
| MPC Marathon Petroleum Corporation | $127.8B | 14.9 | +15.0% | 5.6% | Strained |
Head-to-head: FANG vs XOM · FANG vs CVX · FANG vs SHEL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/FANG
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of FANG on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $191.80 · market cap $53.7B.