Stock Analysis on Net
Stock Analysis on Net

Diamondback Energy Inc. (NASDAQ:FANG)

This company has been moved to the archive! The financial data has not been updated since November 8, 2022.

Adjusted Financial Ratios

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Adjusted Financial Ratios (Summary)

Diamondback Energy Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Activity Ratio
Total Asset Turnover
Reported 0.29 0.16 0.17 0.10 0.15
Adjusted 0.30 0.16 0.17 0.10 0.15
Solvency Ratios
Debt to Equity
Reported 0.55 0.66 0.41 0.33 0.28
Adjusted 0.46 0.55 0.32 0.28 0.26
Debt to Capital
Reported 0.36 0.40 0.29 0.25 0.22
Adjusted 0.31 0.36 0.24 0.22 0.21
Financial Leverage
Reported 1.89 2.00 1.78 1.58 1.48
Adjusted 1.57 1.67 1.40 1.36 1.37
Profitability Ratios
Net Profit Margin
Reported 32.34% -163.90% 6.17% 39.71% 40.65%
Adjusted 42.72% -207.33% 9.31% 52.31% 41.83%
Return on Equity (ROE)
Reported 18.05% -51.36% 1.81% 6.17% 9.18%
Adjusted 19.82% -54.35% 2.17% 7.03% 8.72%
Return on Assets (ROA)
Reported 9.53% -25.64% 1.02% 3.92% 6.21%
Adjusted 12.61% -32.57% 1.55% 5.18% 6.39%

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).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Diamondback Energy Inc. adjusted total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Diamondback Energy Inc. adjusted debt-to-equity ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Diamondback Energy Inc. adjusted debt-to-capital ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Diamondback Energy Inc. adjusted financial leverage ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Diamondback Energy Inc. adjusted net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Diamondback Energy Inc. adjusted ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Diamondback Energy Inc. adjusted ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Diamondback Energy Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Revenue from contracts with customers 6,747 2,756 3,887 2,130 1,186
Total assets 22,898 17,619 23,531 21,596 7,771
Activity Ratio
Total asset turnover1 0.29 0.16 0.17 0.10 0.15
Adjusted
Selected Financial Data (US$ in millions)
Revenue from contracts with customers 6,747 2,756 3,887 2,130 1,186
Adjusted total assets2 22,858 17,546 23,389 21,499 7,771
Activity Ratio
Adjusted total asset turnover3 0.30 0.16 0.17 0.10 0.15

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).

1 2021 Calculation
Total asset turnover = Revenue from contracts with customers ÷ Total assets
= 6,747 ÷ 22,898 = 0.29

2 Adjusted total assets. See details »

3 2021 Calculation
Adjusted total asset turnover = Revenue from contracts with customers ÷ Adjusted total assets
= 6,747 ÷ 22,858 = 0.30

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Diamondback Energy Inc. adjusted total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Total debt 6,687 5,815 5,371 4,464 1,477
Total Diamondback Energy, Inc. stockholders’ equity 12,088 8,794 13,249 13,699 5,255
Solvency Ratio
Debt to equity1 0.55 0.66 0.41 0.33 0.28
Adjusted
Selected Financial Data (US$ in millions)
Total debt 6,687 5,815 5,371 4,464 1,477
Adjusted total equity2 14,543 10,514 16,650 15,854 5,690
Solvency Ratio
Adjusted debt to equity3 0.46 0.55 0.32 0.28 0.26

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).

1 2021 Calculation
Debt to equity = Total debt ÷ Total Diamondback Energy, Inc. stockholders’ equity
= 6,687 ÷ 12,088 = 0.55

2 Adjusted total equity. See details »

3 2021 Calculation
Adjusted debt to equity = Total debt ÷ Adjusted total equity
= 6,687 ÷ 14,543 = 0.46

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Diamondback Energy Inc. adjusted debt-to-equity ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Total debt 6,687 5,815 5,371 4,464 1,477
Total capital 18,775 14,609 18,620 18,164 6,732
Solvency Ratio
Debt to capital1 0.36 0.40 0.29 0.25 0.22
Adjusted
Selected Financial Data (US$ in millions)
Total debt 6,687 5,815 5,371 4,464 1,477
Adjusted total capital2 21,230 16,329 22,021 20,318 7,167
Solvency Ratio
Adjusted debt to capital3 0.31 0.36 0.24 0.22 0.21

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).

1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 6,687 ÷ 18,775 = 0.36

2 Adjusted total capital. See details »

3 2021 Calculation
Adjusted debt to capital = Total debt ÷ Adjusted total capital
= 6,687 ÷ 21,230 = 0.31

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Diamondback Energy Inc. adjusted debt-to-capital ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Total assets 22,898 17,619 23,531 21,596 7,771
Total Diamondback Energy, Inc. stockholders’ equity 12,088 8,794 13,249 13,699 5,255
Solvency Ratio
Financial leverage1 1.89 2.00 1.78 1.58 1.48
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 22,858 17,546 23,389 21,499 7,771
Adjusted total equity3 14,543 10,514 16,650 15,854 5,690
Solvency Ratio
Adjusted financial leverage4 1.57 1.67 1.40 1.36 1.37

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).

1 2021 Calculation
Financial leverage = Total assets ÷ Total Diamondback Energy, Inc. stockholders’ equity
= 22,898 ÷ 12,088 = 1.89

2 Adjusted total assets. See details »

3 Adjusted total equity. See details »

4 2021 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 22,858 ÷ 14,543 = 1.57

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Diamondback Energy Inc. adjusted financial leverage ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Diamondback Energy, Inc. 2,182 (4,517) 240 846 482
Revenue from contracts with customers 6,747 2,756 3,887 2,130 1,186
Profitability Ratio
Net profit margin1 32.34% -163.90% 6.17% 39.71% 40.65%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 2,882 (5,714) 362 1,114 496
Revenue from contracts with customers 6,747 2,756 3,887 2,130 1,186
Profitability Ratio
Adjusted net profit margin3 42.72% -207.33% 9.31% 52.31% 41.83%

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).

1 2021 Calculation
Net profit margin = 100 × Net income (loss) attributable to Diamondback Energy, Inc. ÷ Revenue from contracts with customers
= 100 × 2,182 ÷ 6,747 = 32.34%

2 Adjusted net income (loss). See details »

3 2021 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Revenue from contracts with customers
= 100 × 2,882 ÷ 6,747 = 42.72%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Diamondback Energy Inc. adjusted net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Diamondback Energy, Inc. 2,182 (4,517) 240 846 482
Total Diamondback Energy, Inc. stockholders’ equity 12,088 8,794 13,249 13,699 5,255
Profitability Ratio
ROE1 18.05% -51.36% 1.81% 6.17% 9.18%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 2,882 (5,714) 362 1,114 496
Adjusted total equity3 14,543 10,514 16,650 15,854 5,690
Profitability Ratio
Adjusted ROE4 19.82% -54.35% 2.17% 7.03% 8.72%

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).

1 2021 Calculation
ROE = 100 × Net income (loss) attributable to Diamondback Energy, Inc. ÷ Total Diamondback Energy, Inc. stockholders’ equity
= 100 × 2,182 ÷ 12,088 = 18.05%

2 Adjusted net income (loss). See details »

3 Adjusted total equity. See details »

4 2021 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted total equity
= 100 × 2,882 ÷ 14,543 = 19.82%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Diamondback Energy Inc. adjusted ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Diamondback Energy, Inc. 2,182 (4,517) 240 846 482
Total assets 22,898 17,619 23,531 21,596 7,771
Profitability Ratio
ROA1 9.53% -25.64% 1.02% 3.92% 6.21%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 2,882 (5,714) 362 1,114 496
Adjusted total assets3 22,858 17,546 23,389 21,499 7,771
Profitability Ratio
Adjusted ROA4 12.61% -32.57% 1.55% 5.18% 6.39%

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).

1 2021 Calculation
ROA = 100 × Net income (loss) attributable to Diamondback Energy, Inc. ÷ Total assets
= 100 × 2,182 ÷ 22,898 = 9.53%

2 Adjusted net income (loss). See details »

3 Adjusted total assets. See details »

4 2021 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × 2,882 ÷ 22,858 = 12.61%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Diamondback Energy Inc. adjusted ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.