Diamondback Energy Inc (FANG)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,396,000 | 4,570,000 | 6,508,000 | 4,001,000 | 547,000 |
| Revenue | US$ in thousands | 11,023,000 | 8,412,000 | 9,643,000 | 6,797,000 | 2,813,000 |
| Operating profit margin | 39.88% | 54.33% | 67.49% | 58.86% | 19.45% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,396,000K ÷ $11,023,000K
= 39.88%
Diamondback Energy Inc's operating profit margin has shown a positive trend over the years, indicating improving operational efficiency and profitability. The margin increased significantly from 19.45% as of December 31, 2020, to 67.49% as of December 31, 2022, reflecting the company's ability to effectively control costs and generate higher profits from its operations.
However, there was a slight decrease in the operating profit margin to 54.33% as of December 31, 2023, followed by a further decline to 39.88% as of December 31, 2024. Despite these decreases, Diamondback Energy Inc's operating profit margin remains relatively healthy, showcasing the company's ability to generate profits from its core business activities.
Overall, the company has demonstrated strong operational performance, but it is essential for stakeholders to monitor any fluctuations in the operating profit margin to understand the underlying factors driving these changes.
Peer comparison
Dec 31, 2024