FANG Diamondback Energy margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 44

Gross margin

68%

Operating margin

6.3%

EBITDA margin

42.7%

Net margin

8.6%

Currently, Diamondback Energy has a gross margin of 68%, an operating margin of 6.3%, an EBITDA margin of 42.7%, and a net margin of 8.6%. Each available margin declined from the same period last year. Operating margin recorded the strongest contraction, decreasing by 28.7 percentage points.

FANG margin history

Gross, operating, EBITDA and net margin trends

Diamondback Energy's margins averaged 71.91% gross, 33.16% operating, 60.89% EBITDA, and 25.66% net over the last 3 years. At present, all four current margins are below their three-year averages.

FANG margin expansion

Year-over-year margin changes in percentage points

Diamondback Energy's gross margin contracted by 2.8 percentage points, operating margin by 28.7 percentage points, EBITDA margin by 22.5 percentage points, and net margin by 18.6 percentage points, led by operating margin with a decline of 28.7 percentage points.

Gross margin expansion

-2.8pp

Operating margin expansion

-28.7pp

EBITDA margin expansion

-22.5pp

Net margin expansion

-18.6pp

FANG Gross margin

Diamondback Energy's gross margin averaged 71.91% over the last 3 years. As of the latest period, the current gross margin for Diamondback Energy is 68%, 3.9 percentage points below its three-year average. Over the last 3 years, Diamondback Energy's gross margin peaked at 78.7% in Dec 2023 and reached a low of 67.8% in Mar 2026.

FANG Operating margin

Over the last 3 years, the average operating margin for Diamondback Energy was 33.16%. The latest operating margin for Diamondback Energy is 6.3%, 26.9 percentage points below its three-year average. Diamondback Energy's operating margin ranged from a low of -1.9% in Mar 2026 to a high of 54.3% in Dec 2023.

FANG EBITDA margin

Diamondback Energy's EBITDA margin averaged 60.89% in the last 3 years. The latest EBITDA margin for Diamondback Energy is 42.7%, 18.2 percentage points below its three-year average. Over the last 3 years, Diamondback Energy's EBITDA margin peaked at 70.9% in Dec 2023 and reached a low of 37.7% in Mar 2026.

FANG Net margin

Diamondback Energy recorded an average net margin of 25.66% across the last 3 years. Against its three-year average, Diamondback Energy's net margin is currently 8.6%, 17.1 percentage points below its three-year average. The highest net margin for Diamondback Energy was 37.5% in Jun 2024, while the lowest was 1.9% in Mar 2026.

FANG margin group comparison

Margins compared with peer-group, industry and sector averages

Diamondback Energy's gross margin of 68% is above the Energy sector, the industry and its peers average. Looking at its Energy sector average of 42.7%, Diamondback Energy's gross margin is 59% higher.

FANG margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Diamondback Energy's gross margin?

The current gross margin for FANG is 68% as of Jun 30, 2026.

What is Diamondback Energy's operating margin?

As of Jun 30, 2026, FANG has an operating margin of 6.3%.

What is Diamondback Energy's EBITDA margin?

For the period ending Jun 30, 2026, FANG recorded an EBITDA margin of 42.7%.

What is Diamondback Energy's net margin?

For the period ending Jun 30, 2026, FANG recorded a net margin of 8.6%.

What are the average margins of FANG?

The three-year average margins for FANG were 71.9% gross, 33.2% operating, 60.9% EBITDA, and 25.7% net.

What are the highest historical margins of FANG?

Over the last 5 years, Diamondback Energy's highest margins were 84.4% gross in Sep 2022, 68.1% operating in Sep 2022, 77.2% EBITDA in Mar 2023, and 47.2% net in Mar 2023.

What are the lowest historical margins of FANG?

Looking back across 5 years, FANG reached its lowest margins at 67.8% gross in Mar 2026, -1.9% operating in Mar 2026, 37.7% EBITDA in Mar 2026, and 1.9% net in Mar 2026.