Diamondback Energy (FANG) Gross Margin (2011 - 2026)
Diamondback Energy (FANG) recorded quarterly Gross Margin of 99.43% in Q1 2026, down 1.56% on a QoQ basis from 101.01% in Q4 2025, and up 131.0% year-over-year from 43.05% in Q1 2025.
Diamondback Energy (FANG) Gross Margin (2011 - 2026) Analysis & Trends
Diamondback Energy has disclosed Gross Margin across 16 years of filings, most recently posting 99.43% for Q1 2026.
- Quarterly Gross Margin rose 131.0% year-over-year to 99.43% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 99.59% (up 55.0% YoY) and the FY2025 annual result came in at 99.49%, up 316.0% from the prior year.
- Gross Margin declined to 99.43% in Q1 2026, from 101.01% in the prior quarter.
- Over five years, Gross Margin peaked at 118.87% in Q4 2022 and troughed at 91.95% in Q1 2023.
- A 5-year average of 99.73% and a median of 99.08% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 3588 bps — and 2024, when it slumped 1193 bps.
- Tracing FANG's Gross Margin over 5 years: stood at 118.87% in 2022, then retreated by 6 bps to 112.12% in 2023, then decreased by 11 bps to 100.19% in 2024, then gained by 1 bps to 101.01% in 2025, then slipped by 2 bps to 99.43% in 2026.
- Business Quant data shows FANG's Gross Margin at 99.43% in Q1 2026, 101.01% in Q4 2025, and 99.08% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 85.25% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 60.14% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | - |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 93.19% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 99.43% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 54.61% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 88.15% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 98.87% |
| 10 | Devon Energy | 27.08 Bn | 27.08 Bn | 3.61 Bn | 80.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 99.43% |
| Dec 31, 2025 | 101.01% |
| Sep 30, 2025 | 99.08% |
| Jun 30, 2025 | 99.02% |
| Mar 31, 2025 | 98.12% |
| Dec 31, 2024 | 100.19% |
| Sep 30, 2024 | 98.68% |
| Jun 30, 2024 | 99.23% |
| Mar 31, 2024 | 99.37% |
| Dec 31, 2023 | 112.12% |
| Sep 30, 2023 | 94.96% |
| Jun 30, 2023 | 92.29% |
| Mar 31, 2023 | 91.95% |
| Dec 31, 2022 | 118.87% |
| Sep 30, 2022 | 98.69% |
| Jun 30, 2022 | 99.16% |
| Mar 31, 2022 | 93.26% |
| Dec 31, 2021 | 82.99% |
| Sep 30, 2021 | 98.95% |
| Jun 30, 2021 | 99.64% |