Explain this page
Arphra AIPlain-English read on Diamondback Energy, Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | $34.99B | $43.46B | — | — | — | — |
| Enterprise value | — | — | — | $47.25B | $57.84B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 4.29 | 3.85 | — | — | — | — |
| EV / FCF | — | — | — | -8.79 | 11.05 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | +9.54% | +3.83% | — | — | — | — |
| Free cash flow yield | — | — | — | -15.36% | +12.05% | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +63.29% | +70.05% | +57.54% | +45.11% | +35.16% | +45.24% | +46.97% | +46.82% | +44.83% |
| Operating margin | +59.30% | +68.03% | +54.80% | +39.88% | +32.73% | +41.62% | +42.85% | +42.82% | +41.40% |
| EBITDA margin | +64.78% | +75.56% | +73.98% | +69.30% | +47.62% | +62.17% | +64.77% | +62.71% | +64.54% |
| EBIT margin | +45.89% | +61.51% | +53.04% | +43.45% | +14.10% | +36.24% | +36.91% | +37.96% | +36.50% |
| Pre-tax margin | +43.09% | +59.96% | +50.94% | +40.83% | +12.47% | +35.19% | +35.01% | +35.56% | +34.18% |
| Net margin | +32.34% | +45.85% | +37.69% | +30.28% | +11.07% | +26.68% | +26.91% | +26.89% | +26.56% |
| Cost structure | |||||||||
| Cost of revenue / sales | +36.71% | +29.95% | +42.46% | +54.89% | +64.84% | +53.30% | +54.30% | +53.00% | +53.44% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +2.16% | +1.51% | +1.80% | +1.93% | +1.92% | +1.90% | +1.83% | +1.84% | +1.85% |
| Effective tax rate | +21.71% | +20.47% | +21.47% | +17.77% | +17.45% | +18.93% | +18.63% | +18.75% | +19.01% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +16.47% | +27.95% | +18.03% | +8.37% | +3.87% | +9.14% | +9.20% | +9.42% | +9.51% |
| Return on assets (ROA) | +9.53% | +16.73% | +10.84% | +4.96% | +2.34% | +5.65% | +5.62% | +5.78% | +5.49% |
| Return on capital (ROC) | +19.99% | +29.49% | +18.86% | +8.41% | +8.56% | +10.76% | +10.95% | +11.17% | +10.96% |
| Return on invested capital (ROIC) | +10.90% | +19.87% | +12.97% | +6.38% | +2.90% | +6.90% | +6.88% | +7.02% | +7.03% |
| Asset turnover | +29.47% | +36.50% | +28.75% | +16.38% | +21.15% | +21.17% | +20.88% | +21.50% | +20.69% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +32.34% | +45.85% | +37.69% | +30.28% | +11.07% | +26.68% | +26.91% | +26.89% | +26.56% |
| Asset turnover (× revenue / assets) | +29.47% | +36.50% | +28.75% | +16.38% | +21.15% | +21.17% | +20.88% | +21.50% | +20.69% |
| Equity multiplier (× assets / equity) | +172.88% | +167.04% | +166.39% | +168.81% | +165.38% | +161.91% | +163.78% | +162.84% | +173.09% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.29 | 0.36 | 0.29 | 0.16 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 |
| Fixed-asset turnover | 0.33 | 0.40 | 0.31 | 0.17 | 17.19 | — | — | — | — |
| Inventory turnover | 39.95 | 42.76 | 56.21 | 52.16 | 113.29 | — | — | — | — |
| Receivables turnover | 10.06 | 9.51 | 9.85 | 6.95 | 10.84 | — | — | — | — |
| Payables turnover | 68.81 | 22.56 | 13.57 | 23.92 | 8.34 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 36.30 | 38.38 | 37.07 | 52.48 | 33.67 | — | — | — | — |
| Days inventory outstanding (DIO) | 9.14 | 8.54 | 6.49 | 7.00 | 3.22 | — | — | — | — |
| Days payables outstanding (DPO) | 5.30 | 16.18 | 26.90 | 15.26 | 43.76 | — | — | — | — |
| Cash conversion cycle | 40.13 | 30.74 | 16.66 | 44.22 | -6.87 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.81 | 1.44 | 1.88 | 1.92 | 5.26 | 2.29 | 2.33 | 2.32 | 2.42 |
| FCF / Net income | 0.77 | 0.62 | 0.38 | -1.61 | 3.15 | 0.01 | 0.01 | 0.01 | 0.01 |
| FCF margin | +24.75% | +28.35% | +14.46% | -48.75% | +34.84% | +0.18% | +0.18% | +0.18% | +0.18% |
| OCF margin | +58.46% | +66.12% | +70.99% | +58.18% | +58.29% | +61.23% | +62.77% | +62.52% | +64.19% |
| CapEx / Revenue | +33.70% | +37.77% | +56.53% | +106.93% | +23.45% | +62.14% | +61.96% | +60.98% | +63.18% |
| CapEx / D&A | 1.78 | 2.69 | 2.70 | 4.14 | 0.70 | — | — | — | — |
| Stock-based comp / Revenue | +0.76% | +0.57% | +0.65% | +0.59% | 0.00% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 12.30 | 24.61 | 17.34 | 15.53 | 5.73 | 19.98 | 17.24 | 17.31 | 16.53 |
| EPS · basic | 12.35 | 24.61 | 17.34 | 15.53 | 5.73 | 20.07 | 17.10 | 17.42 | 16.56 |
| Book value / share | 74.68 | 88.88 | 96.83 | 186.67 | 148.63 | 183.35 | 168.39 | 167.66 | 150.72 |
| Tangible BV / share | 74.68 | 88.88 | 96.83 | 186.67 | 148.63 | 183.35 | 168.39 | 167.66 | 150.72 |
| Sales / share | 38.04 | 54.19 | 46.33 | 51.62 | 51.98 | 62.84 | 57.59 | 58.70 | 53.97 |
| Operating CF / share | 22.24 | 35.83 | 32.89 | 30.03 | 30.30 | 38.47 | 36.14 | 36.70 | 34.64 |
| Free cash flow / share | 9.42 | 15.36 | 6.70 | -25.17 | 18.11 | 0.11 | 0.11 | 0.11 | 0.10 |
| Dividends / share | 1.76 | 8.90 | 8.02 | 7.39 | 4.00 | 8.26 | 7.74 | 7.57 | 7.19 |
| Payout ratio | +14.30% | +35.84% | +45.94% | +47.27% | +69.47% | +49.23% | +49.93% | +47.93% | +50.15% |
| Retention ratio | +85.70% | +64.16% | +54.06% | +52.73% | +30.53% | +50.77% | +50.07% | +52.07% | +49.85% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +41.78% | -12.83% | +32.19% | +36.31% | +20.67% | -7.62% | +0.96% | -7.90% | +11.02% |
| Gross profit · YoY | — | +56.93% | -28.40% | +3.63% | +6.26% | +55.27% | -4.08% | +0.63% | -11.83% | +6.34% |
| Profit | ||||||||||
| Operating income · YoY | — | +62.66% | -29.78% | -3.81% | +11.87% | +53.45% | -4.90% | +0.90% | -10.96% | +6.15% |
| EBITDA · YoY | — | +65.36% | -14.65% | +23.83% | -6.32% | +57.53% | -3.76% | -2.25% | -5.21% | +10.97% |
| Net income · YoY | — | +101.01% | -28.34% | +6.20% | -50.15% | +190.76% | -6.84% | +0.90% | -9.06% | +8.32% |
| Operating | ||||||||||
| EBIT · YoY | — | +90.05% | -24.83% | +8.27% | -55.77% | +210.23% | -5.90% | +3.82% | -11.45% | +7.89% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +100.08% | -29.54% | -10.44% | -63.10% | +248.64% | -13.68% | +0.38% | -4.49% | +3.77% |
| EPS · basic · YoY | — | +99.27% | -29.54% | -10.44% | -63.10% | +250.32% | -14.83% | +1.92% | -4.96% | +3.74% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $6.77B | $6.38B | $6.8B | $12.43B | $14.49B | $17.2B | $16.54B | $16.5B | $15.35B |
| Net debt | $6.12B | $6.22B | $6.22B | $12.27B | $14.38B | $16.66B | $16.03B | $15.98B | $14.87B |
| Net debt / EBITDA | 1.40 | 0.86 | 1.01 | 1.61 | 2.01 | 1.48 | 1.48 | 1.51 | 1.48 |
| Debt / equity | 0.51 | 0.41 | 0.39 | 0.31 | 0.34 | 0.33 | 0.34 | 0.34 | 0.35 |
| Debt / assets | +29.58% | +24.34% | +23.45% | +18.47% | +20.39% | +20.08% | +20.62% | +20.98% | +20.39% |
| Equity / assets | +57.84% | +59.86% | +60.10% | +59.24% | +60.47% | +61.76% | +61.06% | +61.41% | +57.77% |
| Coverage | |||||||||
| EBITDA / interest expense | 21.86 | 45.17 | 35.25 | 26.25 | 29.33 | 29.02 | 30.78 | 29.81 | 29.88 |
| Operating income / interest | 20.00 | 40.67 | 26.11 | 15.11 | 20.16 | 19.43 | 20.36 | 20.35 | 19.17 |
| Interest expense | $200M | $160M | $175M | $291M | $244M | $388.48M | $352.42M | $355.76M | $336.42M |
| Liquidity | |||||||||
| Current ratio | 1.01 | 0.81 | 0.77 | 0.44 | 0.42 | — | — | — | — |
| Quick ratio | 0.92 | 0.68 | 0.68 | 0.36 | 0.32 | — | — | — | — |
| Cash ratio | 0.45 | 0.09 | 0.28 | 0.03 | 0.02 | — | — | — | — |
| Working capital | $8M | -$324M | -$487M | -$2.7B | -$2.69B | — | — | — | — |
| Working capital / revenue | +0.12% | -3.39% | -5.84% | -24.50% | -17.87% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 3.85x | 4.29x |
| Earnings yield | 3.8% | 9.5% |
| FCF yield | 12.0% | -15.4% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 4.5% | 8.8% |
| ROA | 2.3% | 5.0% |
| ROIC | 6.0% | 5.8% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 2.01 | 1.61 |
| Interest coverage | — | — |
| Current ratio | 0.42x | 0.44x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).