Diamondback Energy Inc (FANG)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 8,145,000 | 6,016,000 | 5,836,000 | 5,660,000 | 5,581,000 | 5,655,000 | 5,171,000 | 6,140,000 | 6,733,000 | 5,407,000 | 4,918,000 | 3,898,000 | 2,868,000 | 3,173,000 | 2,188,000 | 1,078,000 | 637,000 | 779,000 | 930,000 | 1,477,000 |
| Revenue (ttm) | US$ in thousands | 11,051,000 | 9,572,000 | 9,267,000 | 8,680,000 | 8,378,000 | 8,191,000 | 8,288,000 | 9,160,000 | 9,643,000 | 9,635,000 | 9,107,000 | 8,018,000 | 6,793,000 | 5,538,000 | 4,348,000 | 3,092,000 | 2,806,000 | 3,141,000 | 3,395,000 | 3,990,000 |
| Gross profit margin | 73.70% | 62.85% | 62.98% | 65.21% | 66.61% | 69.04% | 62.39% | 67.03% | 69.82% | 56.12% | 54.00% | 48.62% | 42.22% | 57.30% | 50.32% | 34.86% | 22.70% | 24.80% | 27.39% | 37.02% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,145,000K ÷ $11,051,000K
= 73.70%
The gross profit margin of Diamondback Energy Inc has shown fluctuations over the periods indicated. The trend in the gross profit margin percentage is as follows:
- There was a gradual decrease in the gross profit margin from March 31, 2020, to December 31, 2020, indicating a potential strain on profitability during this period.
- From March 31, 2021, to September 30, 2022, there was a significant improvement in the gross profit margin, reaching a peak of 69.82% on December 31, 2022, suggesting effective cost management and/or higher revenue generation.
- Subsequently, there was a slight decline in the gross profit margin until December 31, 2023, followed by a modest increase in the last quarter of 2023.
- The gross profit margin surged to 73.70% by the end of December 31, 2024, marking a considerable recovery and higher profitability compared to the previous periods.
Overall, the gross profit margin of Diamondback Energy Inc demonstrates variability but shows a positive trajectory, particularly in the later periods, indicating improved efficiency in production and potentially stronger financial performance.
Peer comparison
Dec 31, 2024