Diamondback Energy Inc (FANG)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,338,000 | 3,143,000 | 4,386,000 | 2,182,000 | -4,672,000 |
| Revenue | US$ in thousands | 11,023,000 | 8,412,000 | 9,643,000 | 6,797,000 | 2,813,000 |
| Net profit margin | 30.28% | 37.36% | 45.48% | 32.10% | -166.09% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $3,338,000K ÷ $11,023,000K
= 30.28%
Diamondback Energy Inc's net profit margin has shown significant fluctuations over the past few years. In December 31, 2020, the net profit margin stood at a concerning -166.09%, indicating that the company's expenses exceeded its revenue, leading to a substantial loss. However, there has been a notable improvement in subsequent years, with the net profit margin increasing to 32.10% in December 31, 2021, and further to 45.48% in December 31, 2022. This upward trend demonstrates a positive turnaround in the company's profitability, with Diamondback Energy Inc generating higher profits relative to its revenue.
In December 31, 2023, the net profit margin slightly decreased to 37.36%, indicating a slight dip in profitability compared to the previous year. By December 31, 2024, the net profit margin decreased further to 30.28%, signaling a potential decline in profitability for that year. It is essential for Diamondback Energy Inc to closely monitor its expenses and revenue generation to sustain and improve its profitability levels over time.
Peer comparison
Dec 31, 2024