Diamondback Energy (FANG) Operating Margin (2011 - 2026)
Diamondback Energy (FANG) recorded quarterly Operating Margin of 2.74% in Q1 2026, up 103.32% on a QoQ basis from 82.41% in Q4 2025, and down 3859.0% year-over-year from 0.07% in Q1 2025.
Diamondback Energy (FANG) Operating Margin (2011 - 2026) Analysis & Trends
Diamondback Energy has disclosed Operating Margin across 16 years of filings, most recently posting 2.74% for Q1 2026.
- Quarterly Operating Margin fell 3859.0% year-over-year to 2.74% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.91% (down 4033.0% YoY) and the FY2025 annual result came in at 8.43%, down 3130.0% from the prior year.
- Operating Margin improved to 2.74% in Q1 2026, from 82.41% in the prior quarter.
- Over five years, Operating Margin peaked at 71.88% in Q2 2022 and troughed at 82.41% in Q4 2025.
- A 5-year average of 39.53% and a median of 50.2% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin soared 2077 bps — and 2025, when it sank 12045 bps.
- Tracing FANG's Operating Margin over 5 years: stood at 61.87% in 2022, then slipped by 13 bps to 54.08% in 2023, then retreated by 30 bps to 38.05% in 2024, then tumbled by 317 bps to 82.41% in 2025, then surged by 103 bps to 2.74% in 2026.
- Business Quant data shows FANG's Operating Margin at 2.74% in Q1 2026, 82.41% in Q4 2025, and 31.5% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 72.10% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 45.70% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 37.54% |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 71.82% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 2.74% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 24.92% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 60.26% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 71.27% |
| 10 | Devon Energy | 27.08 Bn | 27.08 Bn | 3.61 Bn | -0.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.74% |
| Dec 31, 2025 | -82.41% |
| Sep 30, 2025 | 31.50% |
| Jun 30, 2025 | 30.97% |
| Mar 31, 2025 | 41.33% |
| Dec 31, 2024 | 38.05% |
| Sep 30, 2024 | 26.84% |
| Jun 30, 2024 | 46.56% |
| Mar 31, 2024 | 50.20% |
| Dec 31, 2023 | 54.08% |
| Sep 30, 2023 | 57.26% |
| Jun 30, 2023 | 52.11% |
| Mar 31, 2023 | 53.25% |
| Dec 31, 2022 | 61.87% |
| Sep 30, 2022 | 66.23% |
| Jun 30, 2022 | 71.88% |
| Mar 31, 2022 | 69.49% |
| Dec 31, 2021 | 64.84% |
| Sep 30, 2021 | 61.36% |
| Jun 30, 2021 | 56.81% |