Diamondback Energy (FANG) Gross Margin (2011 - 2026)
Diamondback Energy's (FANG) quarterly Gross Margin came in at 99.84% in Q2 2026, up 190.0% on a YoY basis from 34.43% in Q2 2025, and little changed quarter-over-quarter from 99.43% in Q1 2026.
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Diamondback Energy (FANG) Gross Margin (2011 - 2026) Analysis & Trends
Diamondback Energy (FANG) has reported Gross Margin for 16 consecutive years, with 99.84% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 190.0% year-over-year to 99.84%; the trailing twelve-month figure through Jun 2026 stood at 99.8% (up 352.0% YoY), and the FY2025 full-year result was 99.49%, up 316.0% from the prior year.
- Gross Margin was little changed at 99.84% in Q2 2026 per FANG's latest filing, from 99.43% in the prior quarter.
- Across five years, Gross Margin topped out at 101.01% in Q4 2025 and bottomed at 90.89% in Q4 2024.
- Historically, Gross Margin has averaged 98.43% across 5 years, with a median of 98.68% in 2022.
- The sharpest annual moves came in 2024 and 2025: Gross Margin slumped 740 bps in 2024, then soared 1012 bps in 2025.
- Over 5 years, Gross Margin stood at 98.67% in 2022, then declined by 0 bps to 98.29% in 2023, then decreased by 8 bps to 90.89% in 2024, then gained by 11 bps to 101.01% in 2025, then dropped by 1 bps to 99.84% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 99.84%, 99.43%, and 101.01% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn | 82.99% |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - | - |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn | 99.84% |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn | 81.22% |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn | 78.58% |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - | - |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn | 93.93% |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn | 94.91% |
| 10 | Antero Resources | 12.13 Bn | 11.56 Bn | 1.56 Bn | 100.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 99.84% |
| Mar 31, 2026 | 99.43% |
| Dec 31, 2025 | 101.01% |
| Sep 30, 2025 | 99.08% |
| Jun 30, 2025 | 97.93% |
| Mar 31, 2025 | 98.12% |
| Dec 31, 2024 | 90.89% |
| Sep 30, 2024 | 98.68% |
| Jun 30, 2024 | 99.23% |
| Mar 31, 2024 | 99.37% |
| Dec 31, 2023 | 98.29% |
| Sep 30, 2023 | 97.99% |
| Jun 30, 2023 | 98.33% |
| Mar 31, 2023 | 98.23% |
| Dec 31, 2022 | 98.67% |
| Sep 30, 2022 | 98.69% |
| Jun 30, 2022 | 99.17% |
| Mar 31, 2022 | 98.75% |
| Dec 31, 2021 | 99.31% |
| Sep 30, 2021 | 98.95% |