Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Diamondback Energy Inc., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| 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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Diamondback Energy Inc. net profit margin ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Diamondback Energy Inc. ROE improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Diamondback Energy Inc. ROA improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Operating Profit Margin
Diamondback Energy Inc., operating profit margin calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Income (loss) from operations | 1,614) | 1,978) | 1,660) | 1,311) | 1,164) | 955) | 571) | (746) | (1,256) | (2,672) | (802) | (384) | 349) | 411) | 319) | 195) | 267) | 281) | 268) | 214) | 143) | 132) | 116) | |||||||
| Revenue from contracts with customers | 2,417) | 2,752) | 2,389) | 2,011) | 1,897) | 1,667) | 1,172) | 754) | 707) | 412) | 883) | 1,089) | 956) | 1,000) | 842) | 621) | 527) | 515) | 467) | 387) | 299) | 267) | 232) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| Operating profit margin1 | 68.59% | 67.55% | 63.91% | 59.30% | 35.41% | -11.07% | -134.75% | -198.69% | -165.45% | -105.06% | -10.85% | 17.88% | 37.26% | 39.86% | 42.40% | 47.46% | 54.30% | 54.27% | 53.24% | 51.00% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 21.03% | 19.86% | 16.73% | 14.81% | 11.53% | 6.49% | -7.90% | -6.22% | -13.16% | -8.42% | 5.08% | 4.83% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 37.27% | 37.07% | 36.63% | 29.84% | 22.86% | 14.26% | 4.66% | -12.74% | 0.02% | 16.39% | 20.41% | 32.04% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 18.60% | 15.93% | 12.25% | 11.91% | -2.07% | -6.88% | -12.46% | -14.85% | 3.17% | 5.30% | 7.05% | 8.66% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 10.70% | 8.25% | 4.29% | 3.58% | 2.84% | 0.59% | 0.18% | -17.55% | -14.23% | -9.03% | -6.15% | 4.50% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 38.11% | 34.71% | 25.87% | 17.59% | 4.22% | -23.09% | -79.26% | -79.89% | -69.22% | -47.38% | -5.23% | 3.17% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 7.62% | 6.36% | 3.17% | 1.87% | 0.07% | -1.54% | 0.05% | -2.43% | 0.83% | 2.43% | 1.18% | 3.54% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Operating profit margin = 100
× (Income (loss) from operationsQ3 2022
+ Income (loss) from operationsQ2 2022
+ Income (loss) from operationsQ1 2022
+ Income (loss) from operationsQ4 2021)
÷ (Revenue from contracts with customersQ3 2022
+ Revenue from contracts with customersQ2 2022
+ Revenue from contracts with customersQ1 2022
+ Revenue from contracts with customersQ4 2021)
= 100 × (1,614 + 1,978 + 1,660 + 1,311)
÷ (2,417 + 2,752 + 2,389 + 2,011)
= 68.59%
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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Net Profit Margin
Diamondback Energy Inc., net profit margin calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net income (loss) attributable to Diamondback Energy, Inc. | 1,184) | 1,416) | 779) | 1,002) | 649) | 311) | 220) | (739) | (1,113) | (2,393) | (272) | (487) | 368) | 349) | 10) | 307) | 157) | 219) | 163) | 115) | 73) | 158) | 136) | |||||||
| Revenue from contracts with customers | 2,417) | 2,752) | 2,389) | 2,011) | 1,897) | 1,667) | 1,172) | 754) | 707) | 412) | 883) | 1,089) | 956) | 1,000) | 842) | 621) | 527) | 515) | 467) | 387) | 299) | 267) | 232) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| Net profit margin1 | 45.78% | 42.50% | 34.42% | 32.34% | 8.03% | -30.72% | -132.18% | -163.90% | -137.98% | -83.35% | -1.07% | 6.17% | 30.23% | 27.51% | 27.66% | 39.71% | 34.47% | 34.14% | 35.82% | 40.65% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 15.05% | 14.09% | 11.60% | 10.04% | 7.36% | 3.09% | -8.10% | -5.87% | -11.02% | -7.57% | 2.86% | 2.09% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 24.06% | 24.34% | 23.91% | 17.63% | 12.93% | 6.33% | 0.09% | -14.38% | -5.76% | 9.43% | 12.23% | 22.07% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 13.41% | 11.06% | 8.40% | 8.33% | -2.45% | -6.21% | -10.55% | -12.57% | 1.70% | 3.35% | 4.57% | 5.61% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 6.92% | 5.13% | 8.00% | 8.12% | 9.01% | 8.74% | -1.19% | -14.08% | -11.66% | -7.96% | -5.59% | 2.13% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 35.55% | 32.60% | 25.31% | 8.95% | -1.47% | -24.23% | -78.62% | -83.28% | -74.55% | -56.15% | -14.39% | -3.27% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 5.53% | 4.54% | 1.93% | 0.82% | -0.46% | -1.69% | -0.43% | -2.19% | 0.00% | 1.22% | 0.41% | 2.24% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Net profit margin = 100
× (Net income (loss) attributable to Diamondback Energy, Inc.Q3 2022
+ Net income (loss) attributable to Diamondback Energy, Inc.Q2 2022
+ Net income (loss) attributable to Diamondback Energy, Inc.Q1 2022
+ Net income (loss) attributable to Diamondback Energy, Inc.Q4 2021)
÷ (Revenue from contracts with customersQ3 2022
+ Revenue from contracts with customersQ2 2022
+ Revenue from contracts with customersQ1 2022
+ Revenue from contracts with customersQ4 2021)
= 100 × (1,184 + 1,416 + 779 + 1,002)
÷ (2,417 + 2,752 + 2,389 + 2,011)
= 45.78%
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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Return on Equity (ROE)
Diamondback Energy Inc., ROE calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net income (loss) attributable to Diamondback Energy, Inc. | 1,184) | 1,416) | 779) | 1,002) | 649) | 311) | 220) | (739) | (1,113) | (2,393) | (272) | (487) | 368) | 349) | 10) | 307) | 157) | 219) | 163) | 115) | 73) | 158) | 136) | |||||||
| Total Diamondback Energy, Inc. stockholders’ equity | 13,843) | 13,316) | 12,743) | 12,088) | 11,483) | 10,926) | 10,673) | 8,794) | 9,552) | 10,714) | 12,826) | 13,249) | 14,050) | 14,004) | 13,773) | 13,699) | 5,933) | 5,631) | 5,417) | 5,255) | 4,899) | 4,818) | 4,652) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| ROE1 | 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% | 5.87% | 5.03% | 6.17% | 11.02% | 10.11% | 9.39% | 9.18% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 21.53% | 18.92% | 14.02% | 11.24% | 7.29% | 2.69% | -5.89% | -4.21% | -8.72% | -6.49% | 2.69% | 2.03% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 36.79% | 31.69% | 26.12% | 17.79% | 10.61% | 4.18% | 0.05% | -9.05% | -3.93% | 7.29% | 11.55% | 20.55% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 27.87% | 21.97% | 15.24% | 13.67% | -3.67% | -8.41% | -12.17% | -14.28% | 1.87% | 3.98% | 6.25% | 7.48% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 45.50% | 31.12% | 45.16% | 37.16% | 32.71% | 26.52% | -3.86% | -44.26% | -43.06% | -32.38% | -27.36% | 7.83% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 44.97% | 39.51% | 29.49% | 11.42% | -1.73% | -25.93% | -70.84% | -79.85% | -74.81% | -51.73% | -10.58% | -1.95% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 43.01% | 33.72% | 13.49% | 5.05% | -2.51% | -7.73% | -1.54% | -7.56% | -0.01% | 5.40% | 2.28% | 11.11% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
ROE = 100
× (Net income (loss) attributable to Diamondback Energy, Inc.Q3 2022
+ Net income (loss) attributable to Diamondback Energy, Inc.Q2 2022
+ Net income (loss) attributable to Diamondback Energy, Inc.Q1 2022
+ Net income (loss) attributable to Diamondback Energy, Inc.Q4 2021)
÷ Total Diamondback Energy, Inc. stockholders’ equity
= 100 × (1,184 + 1,416 + 779 + 1,002)
÷ 13,843 = 31.65%
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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Return on Assets (ROA)
Diamondback Energy Inc., ROA calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net income (loss) attributable to Diamondback Energy, Inc. | 1,184) | 1,416) | 779) | 1,002) | 649) | 311) | 220) | (739) | (1,113) | (2,393) | (272) | (487) | 368) | 349) | 10) | 307) | 157) | 219) | 163) | 115) | 73) | 158) | 136) | |||||||
| Total assets | 23,843) | 23,448) | 23,331) | 22,898) | 22,639) | 22,335) | 21,996) | 17,619) | 18,760) | 20,337) | 23,386) | 23,531) | 23,553) | 23,171) | 22,268) | 21,596) | 9,807) | 8,954) | 8,225) | 7,771) | 7,288) | 6,784) | 6,370) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| ROA1 | 18.37% | 16.40% | 11.75% | 9.53% | 1.95% | -5.91% | -18.30% | -25.64% | -22.73% | -13.69% | -0.18% | 1.02% | 4.39% | 3.55% | 3.11% | 3.92% | 6.66% | 6.36% | 6.19% | 6.21% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 13.15% | 11.26% | 8.23% | 6.52% | 4.13% | 1.48% | -3.21% | -2.31% | -5.15% | -3.89% | 1.64% | 1.23% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 19.04% | 16.98% | 13.78% | 8.91% | 5.36% | 2.17% | 0.02% | -4.31% | -1.91% | 3.64% | 5.56% | 10.20% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 14.01% | 10.59% | 7.27% | 6.80% | -1.75% | -3.95% | -5.72% | -6.74% | 0.93% | 1.98% | 3.20% | 3.95% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 13.34% | 8.46% | 11.90% | 11.41% | 10.36% | 8.13% | -0.96% | -11.54% | -11.51% | -9.09% | -7.63% | 2.68% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 17.90% | 14.82% | 9.89% | 3.09% | -0.43% | -5.92% | -16.34% | -18.52% | -17.60% | -13.50% | -3.26% | -0.61% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 15.88% | 10.99% | 4.20% | 1.61% | -0.80% | -2.46% | -0.51% | -2.74% | 0.00% | 2.18% | 0.90% | 4.50% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
ROA = 100
× (Net income (loss) attributable to Diamondback Energy, Inc.Q3 2022
+ Net income (loss) attributable to Diamondback Energy, Inc.Q2 2022
+ Net income (loss) attributable to Diamondback Energy, Inc.Q1 2022
+ Net income (loss) attributable to Diamondback Energy, Inc.Q4 2021)
÷ Total assets
= 100 × (1,184 + 1,416 + 779 + 1,002)
÷ 23,843 = 18.37%
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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |