Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Diamondback Energy Inc., profitability ratios
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).
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Diamondback Energy Inc. operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Diamondback Energy Inc. net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Diamondback Energy Inc. ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Diamondback Energy Inc. ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Operating Profit Margin
Diamondback Energy Inc., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Income (loss) from operations | 4,001) | (5,476) | 695) | 1,011) | 605) | |
| Revenue from contracts with customers | 6,747) | 2,756) | 3,887) | 2,130) | 1,186) | |
| Profitability Ratio | ||||||
| Operating profit margin1 | 59.30% | -198.69% | 17.88% | 47.46% | 51.00% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 14.81% | -6.22% | 4.83% | — | — | |
| ConocoPhillips | 29.84% | -12.74% | 32.04% | — | — | |
| Exxon Mobil Corp. | 11.91% | -14.85% | 8.66% | — | — | |
| Marathon Petroleum Corp. | 3.58% | -17.55% | 4.50% | — | — | |
| Occidental Petroleum Corp. | 17.59% | -79.89% | 3.17% | — | — | |
| Valero Energy Corp. | 1.87% | -2.43% | 3.54% | — | — | |
| Operating Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 10.93% | -14.14% | 7.25% | — | — | |
| Operating Profit Margin, Industry | ||||||
| Energy | 10.97% | -15.78% | 5.50% | — | — | |
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
Operating profit margin = 100 × Income (loss) from operations ÷ Revenue from contracts with customers
= 100 × 4,001 ÷ 6,747 = 59.30%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Diamondback Energy Inc. operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Net Profit Margin
Diamondback Energy Inc., net profit margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| 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% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 10.04% | -5.87% | 2.09% | — | — | |
| ConocoPhillips | 17.63% | -14.38% | 22.07% | — | — | |
| Exxon Mobil Corp. | 8.33% | -12.57% | 5.61% | — | — | |
| Marathon Petroleum Corp. | 8.12% | -14.08% | 2.13% | — | — | |
| Occidental Petroleum Corp. | 8.95% | -83.28% | -3.27% | — | — | |
| Valero Energy Corp. | 0.82% | -2.19% | 2.24% | — | — | |
| Net Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 8.09% | -12.77% | 4.24% | — | — | |
| Net Profit Margin, Industry | ||||||
| Energy | 8.10% | -14.38% | 2.62% | — | — | |
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 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Diamondback Energy Inc. net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Return on Equity (ROE)
Diamondback Energy Inc., ROE calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| 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% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Chevron Corp. | 11.24% | -4.21% | 2.03% | — | — | |
| ConocoPhillips | 17.79% | -9.05% | 20.55% | — | — | |
| Exxon Mobil Corp. | 13.67% | -14.28% | 7.48% | — | — | |
| Marathon Petroleum Corp. | 37.16% | -44.26% | 7.83% | — | — | |
| Occidental Petroleum Corp. | 11.42% | -79.85% | -1.95% | — | — | |
| Valero Energy Corp. | 5.05% | -7.56% | 11.11% | — | — | |
| ROE, Sector | ||||||
| Oil, Gas & Consumable Fuels | 14.29% | -15.01% | 6.26% | — | — | |
| ROE, Industry | ||||||
| Energy | 14.23% | -17.24% | 3.86% | — | — | |
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 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Diamondback Energy Inc. ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Return on Assets (ROA)
Diamondback Energy Inc., ROA calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| 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% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Chevron Corp. | 6.52% | -2.31% | 1.23% | — | — | |
| ConocoPhillips | 8.91% | -4.31% | 10.20% | — | — | |
| Exxon Mobil Corp. | 6.80% | -6.74% | 3.95% | — | — | |
| Marathon Petroleum Corp. | 11.41% | -11.54% | 2.68% | — | — | |
| Occidental Petroleum Corp. | 3.09% | -18.52% | -0.61% | — | — | |
| Valero Energy Corp. | 1.61% | -2.74% | 4.50% | — | — | |
| ROA, Sector | ||||||
| Oil, Gas & Consumable Fuels | 6.73% | -6.66% | 3.09% | — | — | |
| ROA, Industry | ||||||
| Energy | 6.63% | -7.52% | 1.89% | — | — | |
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 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Diamondback Energy Inc. ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |