Diamondback Energy (FANG) Return on Invested Capital [ROIC] (2012 - 2026)
Diamondback Energy (FANG) recorded Return on Invested Capital [ROIC] of 1.57% in Q2 2026, down 5.55 percentage points from 7.12% a year earlier but up 2.08 percentage points from the prior quarter.
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Analysis
Diamondback Energy (FANG) Return on Invested Capital [ROIC] (2012 - 2026) Analysis & Trends
For FY2025, Diamondback Energy reported Return on Invested Capital [ROIC] of 1.90%, down 7.50 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has declined for three straight years, though with a five-year change of +26.57 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 9.40% in FY2024 (-6.20 pp), 15.60% in FY2023 (-9.12 pp), 24.72% in FY2022 (+7.10 pp) and 17.62% in FY2021 (+42.30 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from -0.51% in Q1 2026 to 26.20% in Q3 2022 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for 13 consecutive quarters, with an average year-over-year change of -6.18 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 43.51 percentage points in Q4 2021, against a drop of 10.38 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -0.51% (Q1 2026), 1.75% (Q4 2025) and 7.47% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 744.85 Bn | 701.33 Bn | - | 11.12% |
| 2 | Chevron | 442.63 Bn | 414.75 Bn | 33.45 Bn | -25.37% |
| 3 | Shell | 309.21 Bn | 238.95 Bn | 30.13 Bn | 13.05% |
| 4 | TotalEnergies SE | 197.75 Bn | 78.34 Bn | 61.77 Bn | 36.80% |
| 5 | Conocophillips | 176.36 Bn | 149.07 Bn | 12.81 Bn | 22.50% |
| 6 | Equinor Asa | 119.82 Bn | 34.28 Bn | - | 47.74% |
| 7 | Phillips 66 | 116.79 Bn | 104.58 Bn | 8.38 Bn | -181.46% |
| 8 | Canadian Natural Resources | 113.45 Bn | 110.46 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 95.66 Bn | 81.41 Bn | - | - |
| 10 | Diamondback Energy | 57.03 Bn | 56.13 Bn | - | 1.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.57% |
| Mar 31, 2026 | -0.51% |
| Dec 31, 2025 | 1.75% |
| Sep 30, 2025 | 7.47% |
| Jun 30, 2025 | 7.12% |
| Mar 31, 2025 | 7.46% |
| Dec 31, 2024 | 6.91% |
| Sep 30, 2024 | 7.97% |
| Jun 30, 2024 | 13.72% |
| Mar 31, 2024 | 15.04% |
| Dec 31, 2023 | 15.18% |
| Sep 30, 2023 | 15.82% |
| Jun 30, 2023 | 17.03% |
| Mar 31, 2023 | 20.75% |
| Dec 31, 2022 | 24.73% |
| Sep 30, 2022 | 26.20% |
| Jun 30, 2022 | 24.26% |
| Mar 31, 2022 | 20.14% |
| Dec 31, 2021 | 15.94% |
| Sep 30, 2021 | 7.63% |
API Access
Diamondback Energy Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=FANG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=FANG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();