Return on Equity (ROE)
since 2012
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Diamondback Energy Inc. pages available for free this week:
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2012
- Operating Profit Margin since 2012
- Total Asset Turnover since 2012
- Price to Sales (P/S) since 2012
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Calculation
Diamondback Energy Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to Diamondback Energy, Inc.1 | ÷ | Total Diamondback Energy, Inc. stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | = | 100 | × | ÷ | |||
| Dec 31, 2020 | = | 100 | × | ÷ | |||
| Dec 31, 2019 | = | 100 | × | ÷ | |||
| Dec 31, 2018 | = | 100 | × | ÷ | |||
| Dec 31, 2017 | = | 100 | × | ÷ | |||
| Dec 31, 2016 | = | 100 | × | ÷ | |||
| Dec 31, 2015 | = | 100 | × | ÷ | |||
| Dec 31, 2014 | = | 100 | × | ÷ | |||
| Dec 31, 2013 | = | 100 | × | ÷ | |||
| Dec 31, 2012 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
1 US$ in millions
- Net Income (Loss) Attributable to Diamondback Energy, Inc.
- The net income exhibits significant volatility throughout the period. Starting with a loss of 37 million USD in 2012, the company turned profitable in 2013 and 2014, with net income increasing to 55 million and 194 million USD respectively. However, in 2015 and 2016, substantial losses were recorded, reaching a peak loss of 551 million USD in 2015. From 2017 onwards, the company returned to profitability, with net income peaking at 846 million USD in 2018. Although the net income declined in 2019 to 240 million USD, a sharp loss was observed again in 2020, amounting to 4,517 million USD. The most recent fiscal year, 2021, saw a strong recovery with net income rising to 2,182 million USD.
- Total Diamondback Energy, Inc. Stockholders’ Equity
- Stockholders’ equity shows a consistent upward trend over the entire period. Starting at 462 million USD in 2012, the equity nearly quadrupled by 2016, reaching 3,697 million USD. Growth accelerated notably from 2017 through 2018, with equity peaking at 13,699 million USD. Although equity slightly declined in 2019 to 13,249 million USD and again more substantially in 2020 to 8,794 million USD, it rebounded in 2021 to 12,088 million USD. This pattern suggests general growth in the company’s net asset value despite some declines correlating with significant net income losses.
- Return on Equity (ROE)
- The ROE metric reflects the fluctuations observed in net income. It began in negative territory at -7.9% in 2012, improved to positive figures in the subsequent two years, peaking at 11.07% in 2014. The company experienced negative ROE again in 2015 and 2016, consistent with sizable net losses during those years. Recovery in profitability is mirrored by positive ROE values from 2017 to 2019, though with a declining trend, dropping to 1.81% in 2019. The exceptional net loss in 2020 caused ROE to plunge sharply to -51.36%. Following this, a significant rebound to 18.05% in 2021 demonstrates a strong recovery in shareholder returns.
Comparison to Competitors
Diamondback Energy Inc., ROE, long-term trends, comparison to competitors
| Diamondback Energy Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2021 | |||||
| Dec 31, 2020 | |||||
| Dec 31, 2019 | |||||
| Dec 31, 2018 | |||||
| Dec 31, 2017 | |||||
| Dec 31, 2016 | |||||
| Dec 31, 2015 | |||||
| Dec 31, 2014 | |||||
| Dec 31, 2013 | |||||
| Dec 31, 2012 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Diamondback Energy Inc., ROE, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Diamondback Energy Inc. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Industry (Energy)
Diamondback Energy Inc., ROE, long-term trends, comparison to industry (energy)
| Diamondback Energy Inc. | Energy | |
|---|---|---|
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).