Diamondback Energy (FANG) Operating Margin (2011 - 2026)
Diamondback Energy (FANG) reported Operating Margin of 45.16% for Q2 2026, up 14.20 percentage points from 30.97% a year earlier and up 42.43 percentage points from the prior quarter.
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Analysis
Diamondback Energy (FANG) Operating Margin (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Diamondback Energy's Operating Margin came in at 6.33%, down 28.71 percentage points year-over-year; for FY2025, it came in at 8.43%, down 31.30 percentage points from FY2024.
- Operating Margin has declined for three consecutive years, though with a five-year change of +203.09 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 39.73% in FY2024 (-14.60 pp), 54.33% in FY2023 (-13.16 pp), 67.49% in FY2022 (+8.63 pp) and 58.86% in FY2021 (+253.53 pp).
- The Q2 2026 figure ranks as the highest quarterly Operating Margin since Q2 2024.
- Year over year, Operating Margin gained in two of the last eight quarters, with an average year-over-year change of -26.39 percentage points.
- The high point for year-over-year Operating Margin in five years was Q3 2021 (a gain of 235.39 percentage points); the low point was Q4 2025 (a drop of 120.45 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 2.74% (Q1 2026), -82.41% (Q4 2025) and 31.50% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 744.64 Bn | 701.12 Bn | - | - |
| 2 | Chevron | 442.27 Bn | 414.39 Bn | 33.45 Bn | -28.44% |
| 3 | Shell | 309.15 Bn | 238.89 Bn | 30.13 Bn | 22.64% |
| 4 | TotalEnergies SE | 197.58 Bn | 78.16 Bn | 61.77 Bn | 24.82% |
| 5 | Conocophillips | 176.06 Bn | 148.77 Bn | 12.81 Bn | 53.17% |
| 6 | Equinor Asa | 119.68 Bn | 34.13 Bn | - | 36.94% |
| 7 | Phillips 66 | 116.58 Bn | 104.37 Bn | 8.38 Bn | -74.35% |
| 8 | Canadian Natural Resources | 113.35 Bn | 110.35 Bn | 8.84 Bn | 81.91% |
| 9 | Suncor Energy | 95.61 Bn | 81.35 Bn | - | 3.43% |
| 10 | Diamondback Energy | 56.96 Bn | 56.07 Bn | - | 45.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.16% |
| 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 | 71.46% |
| Mar 31, 2022 | 68.94% |
| Dec 31, 2021 | 64.84% |
| Sep 30, 2021 | 60.94% |
API Access
Diamondback Energy Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=FANG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "FANG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=FANG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();