Diamondback Energy Inc (FANG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,570,000 | 6,508,000 | 4,001,000 | -5,476,000 | 695,000 |
| Revenue | US$ in thousands | 8,412,000 | 9,643,000 | 6,797,000 | 2,813,000 | 3,964,000 |
| Operating profit margin | 54.33% | 67.49% | 58.86% | -194.67% | 17.53% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,570,000K ÷ $8,412,000K
= 54.33%
The operating profit margin of Diamondback Energy Inc has experienced fluctuations over the past five years. In 2023, the operating profit margin decreased to 54.46% from a peak of 67.63% in 2022. Despite the decline, the margin remains relatively high compared to historical performance. In 2021, the operating profit margin was 60.01%, indicating strong profitability, followed by a significant increase from 19.02% in 2020. The steep rise in 2020 may suggest improved cost management or increased operating efficiency. In 2019, the operating profit margin was 37.46%, showing a moderate level of profitability compared to the subsequent years. Overall, Diamondback Energy Inc has demonstrated varying levels of operating efficiency, with the most recent year showing a decline in profitability compared to the previous years.
Peer comparison
Dec 31, 2023