Diamondback Energy, Inc.
FANGFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
11,023
Cost of Revenue
6,051
Gross Profit
4,972
Gross Margin
45.1%
Operating Income
4,396
Operating Margin
39.9%
Net Income
3,338
Net Margin
30.3%
EPS (Basic)
$15.53
EPS (Diluted)
$15.53
EBITDA
7,639
EBITDA Margin
69.3%
2023
12/31/2023
Revenue
8,339
Cost of Revenue
3,541
Gross Profit
4,798
Gross Margin
57.5%
Operating Income
4,570
Operating Margin
54.8%
Net Income
3,143
Net Margin
37.7%
EPS (Basic)
$17.34
EPS (Diluted)
$17.34
EBITDA
6,169
EBITDA Margin
74.0%
2022
12/31/2022
Revenue
9,566
Cost of Revenue
2,865
Gross Profit
6,701
Gross Margin
70.1%
Operating Income
6,508
Operating Margin
68.0%
Net Income
4,386
Net Margin
45.8%
EPS (Basic)
$24.61
EPS (Diluted)
$24.61
EBITDA
7,228
EBITDA Margin
75.6%
2021
12/31/2021
Revenue
6,747
Cost of Revenue
2,477
Gross Profit
4,270
Gross Margin
63.3%
Operating Income
4,001
Operating Margin
59.3%
Net Income
2,182
Net Margin
32.3%
EPS (Basic)
$12.35
EPS (Diluted)
$12.30
EBITDA
4,371
EBITDA Margin
64.8%
2020
12/31/2020
Revenue
2,813
Cost of Revenue
2,176
Gross Profit
637
Gross Margin
22.6%
Operating Income
-5,476
Operating Margin
-194.7%
Net Income
-4,517
Net Margin
-160.6%
EPS (Basic)
$-28.59
EPS (Diluted)
$-28.59
EBITDA
-4,270
EBITDA Margin
-151.8%