Diamondback Energy Inc (FANG)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 98.12% | 98.13% | 98.15% | 98.30% | 98.43% | 98.33% | 98.19% | 97.98% | 97.79% | 79.29% | 39.55% | -66.43% | -119.13% | -62.55% | -6.23% | 72.99% | 91.83% | 90.69% | 86.80% | 80.67% |
| 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% |
| Pretax margin | 48.20% | 49.90% | 52.73% | 59.81% | 57.66% | 57.84% | 54.25% | 43.98% | 41.39% | 10.66% | -38.31% | -166.14% | -199.82% | -168.07% | -100.03% | 3.03% | 7.24% | 36.93% | 33.39% | 30.50% |
| 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% |
Diamondback Energy Inc has demonstrated consistent and strong profitability over the quarters based on the provided data of profitability ratios.
- Gross Profit Margin has remained at an impressive 100% throughout all quarters, indicating that the company is efficiently managing its production costs and generating significant profits from its operations.
- Operating Profit Margin has shown a decreasing trend from Q1 2023 to Q4 2023, although remaining above 50% in all quarters. This suggests that while the company is effectively controlling its operating expenses, there may be some cost pressures impacting profitability.
- Pretax Margin has fluctuated over the quarters but generally remained at healthy levels above 50%. The trend shows a peak in Q1 2023 and a slight decrease in Q4 2023, indicating that the company's pre-tax profitability has been solid overall.
- Net Profit Margin has also remained strong, ranging from 34.17% in Q1 2022 to 47.15% in Q1 2023. This indicates that Diamondback Energy Inc is effectively managing its tax expenses and other costs to generate a healthy bottom line profit relative to its revenue.
Overall, Diamondback Energy Inc's profitability ratios illustrate a company that is efficiently managing its operations and generating strong profits, although there may be some fluctuations that require further analysis to understand their root causes and potential impact on future profitability.
Return on investment
| 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 return on assets (Operating ROA) | 15.76% | 16.47% | 17.74% | 21.29% | 24.83% | 27.53% | 26.07% | 21.82% | 17.47% | 8.59% | -2.08% | -18.65% | -31.08% | -27.26% | -17.25% | -1.82% | 2.95% | 5.41% | 5.07% | 4.52% |
| Return on assets (ROA) | 10.84% | 11.37% | 12.54% | 15.65% | 16.73% | 18.37% | 16.40% | 11.75% | 9.53% | 1.95% | -5.77% | -18.30% | -25.64% | -22.73% | -13.69% | -0.18% | 1.02% | 4.39% | 3.50% | 2.95% |
| Return on total capital | 19.64% | 20.53% | 22.15% | 26.20% | 30.63% | 34.20% | 32.66% | 27.45% | 21.36% | 10.56% | -2.60% | -22.62% | -37.98% | -33.63% | -21.05% | -2.30% | 3.73% | 6.77% | 6.46% | 5.76% |
| Return on equity (ROE) | 18.91% | 19.59% | 22.24% | 27.93% | 29.22% | 31.65% | 28.88% | 21.51% | 18.05% | 3.84% | -12.09% | -37.71% | -51.36% | -44.65% | -25.98% | -0.33% | 1.81% | 7.36% | 5.88% | 5.03% |
Diamondback Energy Inc's profitability ratios have shown a general decline over the past few quarters, with fluctuations in the levels of profitability metrics.
The Operating return on assets (Operating ROA) has also shown a decreasing trend from 24.88% in Q4 2022 to 15.80% in Q4 2023. This indicates that the company is generating lower operating profits relative to its assets in the most recent quarter.
The Return on assets (ROA) has followed a similar pattern, declining from 16.73% in Q4 2022 to 10.76% in Q4 2023. This suggests that the company's overall profitability in relation to its total assets has decreased.
The Return on total capital has also decreased from 31.04% in Q4 2022 to 19.90% in Q4 2023. This indicates that Diamondback Energy Inc is generating lower returns on the total capital employed in its operations.
The Return on equity (ROE) has seen a decline as well, dropping from 29.22% in Q4 2022 to 18.77% in Q4 2023. This indicates a decrease in the company's ability to generate profit from its shareholders' equity.
Overall, the profitability ratios of Diamondback Energy Inc have shown a downward trend, suggesting a potential decrease in the company's overall profitability and efficiency in utilizing its assets and capital.
See also:
Diamondback Energy Inc Profitability Ratios (Quarterly Data)