How does Diamondback Energy (FANG) make money?

Diamondback Energy (FANG) primarily makes money through Oil Exploration and Production, which accounts for 88.3% of total revenue. For TTM through Q4 2025, Diamondback Energy generated $14.98B in total revenue with a net profit margin of 11.1%.

What is Diamondback Energy (FANG) gross profit margin?

Diamondback Energy (FANG) reported a gross profit margin of 35.1% for TTM through Q4 2025, equivalent to $5.26B in gross profit. This means Diamondback Energy retains 35.1% of each revenue unit after direct costs of production.

What is Diamondback Energy (FANG) operating profit margin?

Diamondback Energy (FANG) reported an operating profit margin of 32.8% for TTM through Q4 2025, equivalent to $4.92B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Diamondback Energy (FANG) net profit margin?

Diamondback Energy (FANG) reported a net profit margin of 11.1% for TTM through Q4 2025, equivalent to $1.66B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Diamondback Energy (FANG) spend on capital expenditures?

Diamondback Energy (FANG) spent $7.40B on capital expenditures in TTM through Q4 2025 (49.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Diamondback Energy (FANG) free cash flow?

Diamondback Energy (FANG) generated $1.36B in free cash flow for TTM through Q4 2025 (9.1% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Diamondback Energy (FANG) effective tax rate?

Diamondback Energy (FANG) had an effective tax rate of 17.4% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

How Diamondback Energy (FANG) Makes Money: A Visual Guide

Diamondback Energy (FANG) generated $14.98B in revenue, earning $1.66B in net profit (11.1% margin). Its largest revenue source is Oil Exploration and Production (88.3% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Diamondback Energy (FANG) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 25, 2026).

Frequently asked questions

How does Diamondback Energy (FANG) make money?: Diamondback Energy (FANG) primarily makes money through Oil Exploration and Production, which accounts for 88.3% of total revenue. For TTM through Q4 2025, Diamondback Energy generated $14.98B in total revenue with a net profit margin of 11.1%.
What is Diamondback Energy (FANG) gross profit margin?: Diamondback Energy (FANG) reported a gross profit margin of 35.1% for TTM through Q4 2025, equivalent to $5.26B in gross profit. This means Diamondback Energy retains 35.1% of each revenue unit after direct costs of production.
What is Diamondback Energy (FANG) operating profit margin?: Diamondback Energy (FANG) reported an operating profit margin of 32.8% for TTM through Q4 2025, equivalent to $4.92B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Diamondback Energy (FANG) net profit margin?: Diamondback Energy (FANG) reported a net profit margin of 11.1% for TTM through Q4 2025, equivalent to $1.66B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Diamondback Energy (FANG) spend on capital expenditures?: Diamondback Energy (FANG) spent $7.40B on capital expenditures in TTM through Q4 2025 (49.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Diamondback Energy (FANG) free cash flow?: Diamondback Energy (FANG) generated $1.36B in free cash flow for TTM through Q4 2025 (9.1% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Diamondback Energy (FANG) effective tax rate?: Diamondback Energy (FANG) had an effective tax rate of 17.4% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.