Diamondback Energy (FANG) Return on Capital Employed [ROCE] (2012 - 2026)
Diamondback Energy (FANG) recorded Return on Capital Employed [ROCE] of 1.68% in Q2 2026, down 5.66 percentage points from 7.34% a year earlier but up 2.12 percentage points from the prior quarter.
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Analysis
Diamondback Energy (FANG) Return on Capital Employed [ROCE] (2012 - 2026) Analysis & Trends
For FY2025, Diamondback Energy reported Return on Capital Employed [ROCE] of 1.96%, down 8.18 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has declined for three straight years, though with a five-year change of +30.28 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 10.14% in FY2024 (-7.78 pp), 17.92% in FY2023 (-10.57 pp), 28.50% in FY2022 (+7.24 pp) and 21.26% in FY2021 (+49.57 pp).
- Quarterly Return on Capital Employed [ROCE] has ranged from -0.44% in Q1 2026 to 29.88% in Q3 2022 over the past five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined for 14 consecutive quarters, with an average year-over-year change of -7.11 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 51.06 percentage points in Q4 2021, against a drop of 12.36 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -0.44% (Q1 2026), 1.83% (Q4 2025) and 7.81% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 744.85 Bn | 701.33 Bn | - | 12.28% |
| 2 | Chevron | 442.63 Bn | 414.75 Bn | 33.45 Bn | -29.93% |
| 3 | Shell | 309.21 Bn | 238.95 Bn | 30.13 Bn | 17.79% |
| 4 | TotalEnergies SE | 197.75 Bn | 78.34 Bn | 61.77 Bn | 39.24% |
| 5 | Conocophillips | 176.36 Bn | 149.07 Bn | 12.81 Bn | 28.17% |
| 6 | Equinor Asa | 119.82 Bn | 34.28 Bn | - | - |
| 7 | Phillips 66 | 116.79 Bn | 104.58 Bn | 8.38 Bn | -190.97% |
| 8 | Canadian Natural Resources | 113.45 Bn | 110.46 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 95.66 Bn | 81.41 Bn | - | 2.07% |
| 10 | Diamondback Energy | 57.03 Bn | 56.13 Bn | - | 1.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.68% |
| Mar 31, 2026 | -0.44% |
| Dec 31, 2025 | 1.83% |
| Sep 30, 2025 | 7.81% |
| Jun 30, 2025 | 7.34% |
| Mar 31, 2025 | 7.74% |
| Dec 31, 2024 | 7.12% |
| Sep 30, 2024 | 9.06% |
| Jun 30, 2024 | 15.79% |
| Mar 31, 2024 | 17.13% |
| Dec 31, 2023 | 17.30% |
| Sep 30, 2023 | 17.51% |
| Jun 30, 2023 | 18.70% |
| Mar 31, 2023 | 23.48% |
| Dec 31, 2022 | 27.92% |
| Sep 30, 2022 | 29.88% |
| Jun 30, 2022 | 28.11% |
| Mar 31, 2022 | 23.96% |
| Dec 31, 2021 | 18.76% |
| Sep 30, 2021 | 9.36% |
API Access
Diamondback Energy Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=FANG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=FANG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();