Diamondback Energy (FANG) Gross Margin (2011 - 2026)
Diamondback Energy's (FANG) quarterly Gross Margin came in at 99.43% in Q1 2026, up 131.0% YoY from 43.05% in Q1 2025, and down 1.56% on a QoQ basis from 101.01% in Q4 2025.
Diamondback Energy (FANG) Gross Margin (2011 - 2026) Analysis & Trends
Diamondback Energy (FANG) has 16 years of Gross Margin data on file, last reported at 99.43% in 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 322.0% YoY) and the FY2025 annual result came in at 99.49%, up 316.0% from the prior year.
- Gross Margin retreated to 99.43% in Q1 2026, from 101.01% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 101.01% in Q4 2025 to a low of 90.89% in Q4 2024.
- A 5-year average of 98.41% and a median of 98.69% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin sank 740 bps — and 2025, when it surged 1012 bps.
- Tracing FANG's Gross Margin over 5 years: stood at 98.67% in 2022, then slipped by 0 bps to 98.29% in 2023, then fell by 8 bps to 90.89% in 2024, then increased by 11 bps to 101.01% in 2025, then retreated by 2 bps to 99.43% in 2026.
- The last three Gross Margin figures came in at 99.43% (Q1 2026), 101.01% (Q4 2025), and 99.08% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 85.63% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | - |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 99.84% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 81.22% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 91.41% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 95.88% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 78.73% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 78.58% |
Historic Data
Download 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 | 99.02% |
| 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 | 99.16% |
| Mar 31, 2022 | 98.74% |
| Dec 31, 2021 | 99.32% |
| Sep 30, 2021 | 98.95% |