Diamondback Energy Inc (FANG)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,143,000 | 3,190,000 | 3,459,000 | 4,319,000 | 4,386,000 | 4,381,000 | 3,846,000 | 2,741,000 | 2,182,000 | 441,000 | -1,321,000 | -4,025,000 | -4,517,000 | -4,265,000 | -2,784,000 | -42,000 | 240,000 | 1,034,000 | 823,000 | 693,000 |
| Revenue (ttm) | US$ in thousands | 8,412,000 | 8,214,000 | 8,311,000 | 9,160,000 | 9,643,000 | 9,635,000 | 9,108,000 | 8,021,000 | 6,797,000 | 5,544,000 | 4,354,000 | 3,098,000 | 2,813,000 | 3,148,000 | 3,403,000 | 3,999,000 | 3,964,000 | 3,493,000 | 3,055,000 | 2,561,000 |
| Net profit margin | 37.36% | 38.84% | 41.62% | 47.15% | 45.48% | 45.47% | 42.23% | 34.17% | 32.10% | 7.95% | -30.34% | -129.92% | -160.58% | -135.48% | -81.81% | -1.05% | 6.05% | 29.60% | 26.94% | 27.06% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,143,000K ÷ $8,412,000K
= 37.36%
Diamondback Energy Inc's net profit margin has shown some fluctuations over the past eight quarters. In Q1 2022, the net profit margin was at its lowest, standing at 34.17%. However, the margin steadily increased in the following quarters, reaching a peak of 47.15% in Q1 2023. Despite the slight decrease in the most recent quarter to 37.10%, the company has maintained relatively high net profit margins overall, indicating efficient cost management and strong profitability. Further analysis of the company's operations and financial performance would provide a better understanding of the factors influencing these fluctuations in net profit margin.
Peer comparison
Dec 31, 2023