Diamondback Energy Inc (FANG)

Operating 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
Operating income (ttm)	US$ in thousands	4,570,000	4,621,000	4,895,000	5,873,000	6,508,000	6,563,000	6,113,000	5,090,000	4,001,000	1,944,000	-476,000	-4,103,000	-5,476,000	-5,114,000	-3,509,000	-426,000	695,000	1,274,000	1,193,000	1,063,000
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
Operating profit margin		54.33%	56.26%	58.90%	64.12%	67.49%	68.12%	67.12%	63.46%	58.86%	35.06%	-10.93%	-132.44%	-194.67%	-162.45%	-103.11%	-10.65%	17.53%	36.47%	39.05%	41.51%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,570,000K ÷ $8,412,000K
= 54.33%

Diamondback Energy Inc's operating profit margin has shown a gradual decline over the past eight quarters, starting at 67.63% in Q4 2022 and decreasing to 54.46% in Q4 2023. This downward trend suggests potential challenges or inefficiencies in managing operating expenses relative to revenue generation. It is important for the company to closely monitor and control costs to improve profitability and overall financial performance. Further analysis of the underlying factors contributing to these fluctuations in operating profit margin would be beneficial in identifying areas for improvement and enhancing shareholder value.