Diamondback Energy Inc (FANG)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,338,000 | 3,224,000 | 3,480,000 | 3,199,000 | 3,143,000 | 3,190,000 | 3,447,000 | 4,291,000 | 4,358,000 | 4,402,000 | 3,873,000 | 2,781,000 | 2,222,000 | 432,000 | -1,324,000 | -4,025,000 | -4,517,000 | -4,265,000 | -2,784,000 | -42,000 |
| 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 |
| Net profit margin | 30.21% | 33.68% | 37.55% | 36.85% | 37.51% | 38.95% | 41.59% | 46.84% | 45.19% | 45.69% | 42.53% | 34.68% | 32.71% | 7.80% | -30.45% | -130.17% | -160.98% | -135.78% | -82.00% | -1.05% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,338,000K ÷ $11,051,000K
= 30.21%
The net profit margin of Diamondback Energy Inc has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024. The company experienced negative net profit margins in the initial quarters, indicating losses in relation to its total revenue. However, there was a gradual improvement in the net profit margin starting from the third quarter of 2021, where it turned positive at 7.80%.
Subsequently, there was a notable upward trend in the net profit margin, reaching 45.19% by December 31, 2022. This positive trend continued into 2023 and 2024, with the net profit margin consistently staying above 30%, indicating strong profitability and efficient cost management by Diamondback Energy Inc.
Overall, the increasing trend in the net profit margin signifies that the company's profitability has improved significantly over the analyzed period. This indicates that Diamondback Energy Inc has been successful in managing its expenses and generating more profits from its revenue, which is a positive indicator of long-term financial sustainability and growth potential.
Peer comparison
Dec 31, 2024