Diamondback Energy Inc (FANG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,143,000 | 4,386,000 | 2,182,000 | -4,517,000 | 240,000 |
| Revenue | US$ in thousands | 8,412,000 | 9,643,000 | 6,797,000 | 2,813,000 | 3,964,000 |
| Net profit margin | 37.36% | 45.48% | 32.10% | -160.58% | 6.05% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $3,143,000K ÷ $8,412,000K
= 37.36%
Diamondback Energy Inc's net profit margin has shown fluctuating trends over the past five years. In 2023, the net profit margin decreased to 37.10% from 45.48% in 2022. Despite the decrease, the company still maintained a healthy level of profitability. The net profit margin in 2021 was 32.10%, indicating a moderate level of profitability compared to 2020, where the company experienced a negative net profit margin of -160.58%, possibly due to exceptional one-time charges or losses incurred during that year. In 2019, Diamondback Energy Inc's net profit margin was 6.05%, indicating a reasonable level of profitability. Overall, the company has shown the ability to generate profits, with fluctuations possibly attributed to changes in operating expenses, revenues, or extraordinary items impacting the bottom line.
Peer comparison
Dec 31, 2023