FANG financial statements

The full income statement, balance sheet, and cash-flow statement for Diamondback Energy Inc. (FANG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	15.0B YoY+35.8%	11.1B YoY+31.6%	8.41B YoY-12.1%	9.57B YoY+41.8%	6.75B YoY+144.8%
Selling, general & administrative	288M YoY+35.2%	213M YoY+42.0%	150M YoY+4.2%	144M YoY-1.4%	146M YoY+65.9%
Operating income	1.27B YoY-71.2%	4.40B YoY-3.8%	4.57B YoY-29.8%	6.51B YoY+62.7%	4.00B YoY+173.1%
Interest expense	244M YoY+80.7%	135M YoY-15.1%	159M YoY+3.2%	154M YoY-22.6%	199M YoY+1.0%
Other non-operating income	455M YoY+350.5%	101M YoY+1.0%	100M YoY+114.5%	-690M YoY+24.2%	-910M YoY-783.5%
Equity-method income	—	21.0M YoY-56.3%	48.0M YoY-37.7%	77.0M YoY+413.3%	15.0M YoY+250.0%
Pre-tax income	1.87B YoY-58.4%	4.50B YoY+6.0%	4.25B YoY-25.9%	5.74B YoY+97.3%	2.91B YoY+150.3%
Income tax	327M YoY-59.1%	800M YoY-12.3%	912M YoY-22.3%	1.17B YoY+86.1%	631M YoY+157.2%
	1.66B YoY-50.1%	3.34B YoY+6.2%	3.14B YoY-28.3%	4.39B YoY+101.0%	2.18B YoY+148.3%
Net income to non-controlling interest	-117M YoY-132.2%	363M YoY+88.1%	193M YoY+9.7%	176M YoY+87.2%	94.0M YoY+160.6%
Net income to common	1.66B YoY-50.1%	3.32B YoY+6.3%	3.12B YoY-28.2%	4.34B YoY+100.9%	2.16B YoY+147.8%
	$5.73 YoY-63.1%	$15.53 YoY-10.4%	$17.34 YoY-29.5%	$24.61 YoY+101.1%	$12.24 YoY+142.8%
EPS (basic)	$5.73 YoY-63.1%	$15.53 YoY-10.4%	$17.34 YoY-29.5%	$24.61 YoY+101.1%	$12.24 YoY+142.8%
	289M YoY+35.4%	214M YoY+18.6%	180M YoY+2.0%	177M YoY-0.1%	177M YoY+11.8%
	289M YoY+35.4%	214M YoY+18.6%	180M YoY+2.0%	177M YoY-0.1%	177M YoY+11.8%
Dividends per share	$4.00 YoY-51.7%	$8.29 YoY+3.8%	$7.99 YoY-10.8%	$8.96 YoY+412.0%	$1.75 YoY+14.8%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.92B YoY-9.2%	2.11B YoY+30.2%	1.62B YoY+16.5%	1.39B YoY-3.7%	1.45B YoY+140.2%
Cash & equivalents	104M YoY-35.4%	161M YoY-72.3%	582M YoY+270.7%	157M YoY-76.0%	654M YoY+528.8%
Accounts receivable	1.13B YoY-18.7%	1.39B YoY+112.1%	654M YoY+5.8%	618M YoY+3.3%	598M YoY+112.8%
Inventory	86.0M YoY-25.9%	116M YoY+84.1%	63.0M YoY-6.0%	67.0M YoY+8.1%	62.0M YoY+87.9%
Prepaid expenses	337M YoY+37.6%	245M YoY+122.7%	110M YoY+378.3%	23.0M YoY-17.9%	28.0M YoY+21.7%
Other current assets	7.00M YoY+133.3%	3.00M	—	—	—
	71.1B YoY+5.6%	67.3B YoY+132.0%	29.0B YoY+10.7%	26.2B YoY+14.5%	22.9B YoY+30.0%
Property, plant & equipment	68.6B YoY+6.4%	64.5B YoY+141.7%	26.7B YoY+12.3%	23.8B YoY+15.2%	20.6B YoY+27.2%
Deferred tax assets	—	173M YoY+284.4%	45.0M YoY-29.7%	64.0M YoY+60.0%	40.0M YoY-45.2%
Other non-current assets	523M YoY-26.3%	710M YoY+442.0%	131M YoY+211.9%	42.0M YoY-44.7%	76.0M YoY+68.9%
	4.60B YoY-4.4%	4.81B YoY+128.2%	2.11B YoY+22.8%	1.72B YoY+19.3%	1.44B YoY+16.3%
Accounts payable	—	253M YoY-3.1%	261M YoY+105.5%	127M YoY+252.8%	36.0M YoY-49.3%
Deferred revenue	1.40B YoY-6.3%	1.49B YoY+95.2%	764M YoY+23.4%	619M YoY+36.9%	452M YoY+90.7%
Short-term & current debt	763M YoY-15.2%	900M	0.00 YoY-100.0%	10.0M YoY-77.8%	45.0M YoY-76.4%
	28.1B YoY+2.4%	27.4B YoY+137.1%	11.6B YoY+10.0%	10.5B YoY+9.0%	9.65B YoY+23.5%
Long-term debt	13.7B YoY+13.7%	12.1B YoY+81.8%	6.64B YoY+6.5%	6.24B YoY-6.1%	6.64B YoY+18.1%
Deferred tax liabilities	9.14B YoY-7.0%	9.83B YoY+301.2%	2.45B YoY+18.4%	2.07B YoY+54.6%	1.34B YoY+70.9%
Other non-current liabilities	625M YoY-13.0%	718M YoY+5883.3%	12.0M YoY+0.0%	12.0M YoY-70.0%	40.0M YoY+471.4%
	37.0B YoY-2.0%	37.7B YoY+127.0%	16.6B YoY+10.8%	15.0B YoY+24.2%	12.1B YoY+37.5%
Additional paid-in capital	32.2B YoY-3.8%	33.5B YoY+136.9%	14.1B YoY-0.5%	14.2B YoY+0.9%	14.1B YoY+11.3%
Retained earnings	4.74B YoY+11.8%	4.24B YoY+70.3%	2.49B YoY+210.7%	801M YoY+140.1%	-2.00B YoY+48.3%
Accumulated other comprehensive income	-7.00M YoY-16.7%	-6.00M YoY+25.0%	-8.00M YoY-14.3%	-7.00M	0.00
Non-controlling interest	6.00B YoY+182.0%	2.13B YoY+164.1%	805M YoY+18.2%	681M YoY-41.1%	1.16B YoY+14.6%
Total equity incl. non-controlling	43.0B YoY+7.8%	39.9B YoY+128.7%	17.4B YoY+11.1%	15.7B YoY+18.5%	13.2B YoY+35.1%
Total liabilities & equity	71.1B YoY+5.6%	67.3B YoY+132.0%	29.0B YoY+10.7%	26.2B YoY+14.5%	22.9B YoY+30.0%
	285M YoY-2.2%	291M YoY+62.8%	179M YoY-0.6%	180M YoY+1.3%	178M YoY+12.3%
	285M YoY-2.2%	291M YoY+62.8%	179M YoY-0.6%	180M YoY+1.3%	178M YoY+12.3%
	282M YoY-2.5%	289M YoY+62.2%	178M YoY-2.8%	184M YoY+3.5%	177M YoY+12.3%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	8.76B YoY+36.6%	6.41B YoY+8.3%	5.92B YoY-6.4%	6.33B YoY+60.4%	3.94B YoY+86.2%
Depreciation & amortization	5.04B YoY+76.8%	2.85B YoY+63.2%	1.75B YoY+29.9%	1.34B YoY+5.4%	1.27B YoY-2.7%
Share-based compensation	—	65.0M YoY+20.4%	54.0M YoY-1.8%	55.0M YoY+7.8%	51.0M YoY+37.8%
Deferred income taxes	-519M YoY-3560.0%	15.0M YoY-96.0%	378M YoY-47.5%	720M YoY+18.8%	606M YoY+158.2%
Change in receivables	-386M YoY-1019.0%	42.0M YoY-40.8%	71.0M YoY+51.1%	47.0M YoY-76.0%	196M YoY+190.3%
Other operating activities	-430M YoY-423.3%	133M YoY+1109.1%	11.0M YoY-87.1%	85.0M YoY+117.9%	39.0M YoY+95.0%
	-7.81B YoY+30.4%	-11.2B YoY-237.7%	-3.32B YoY+0.2%	-3.33B YoY-116.4%	-1.54B YoY+26.7%
Capital expenditure	3.52B YoY+22.9%	2.87B YoY+6.1%	2.70B YoY+39.4%	1.94B YoY+33.0%	1.46B YoY-15.2%
Free cash flow	5.24B YoY+47.6%	3.55B YoY+10.2%	3.22B YoY-26.6%	4.39B YoY+76.4%	2.49B YoY+523.3%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Proceeds from sale of PP&E	—	467M YoY-66.8%	1.41B YoY+330.3%	327M YoY-60.1%	820M YoY+1201.6%
Other investing activities	18.0M YoY+118.2%	-99.0M YoY-718.8%	16.0M YoY-63.6%	44.0M YoY-48.2%	85.0M YoY+51.8%
	-1.01B YoY-123.0%	4.39B YoY+301.6%	-2.18B YoY+37.9%	-3.50B YoY-90.3%	-1.84B YoY-4875.7%
Long-term debt issued	15.0B YoY+173.5%	5.50B YoY+1275.0%	400M YoY-84.0%	2.50B YoY+13.6%	2.20B YoY+120.7%
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	1.23B YoY+158.8%	476M	0.00	0.00	0.00
Common stock repurchased	0.00 YoY-100.0%	959M YoY+14.2%	840M YoY-23.5%	1.10B YoY+154.8%	431M YoY+339.8%
Dividends paid	1.16B YoY-26.7%	1.58B YoY+9.3%	1.44B YoY-8.1%	1.57B YoY+403.8%	312M YoY+32.2%
Other financing activities	-266M YoY-78.5%	-149M YoY-6.4%	-140M YoY-102.9%	-69.0M YoY-91.7%	-36.0M YoY-89.5%
Net change in cash	-58.0M YoY+86.2%	-421M YoY-200.0%	421M YoY+182.9%	-508M YoY-190.1%	564M YoY+2920.0%
Interest paid	155M YoY-42.4%	269M YoY+84.2%	146M YoY+8.1%	135M YoY-30.4%	194M YoY-12.2%
Income taxes paid	—	-605M YoY-71.9%	-352M YoY+51.0%	-718M YoY-620.3%	138M
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	42.4B YoY-10.6%	47.4B YoY+70.8%	27.8B YoY+15.3%	24.1B YoY+25.8%	19.1B YoY+150.2%
P/E	25.5× YoY+79.4%	14.2× YoY+63.3%	8.7× YoY+58.4%	5.5× YoY-37.3%	8.8×
P/S	2.8× YoY-34.1%	4.3× YoY+26.9%	3.4× YoY+34.2%	2.5× YoY-11.3%	2.8× YoY+2.2%
P/B	1.1× YoY-8.7%	1.3× YoY-26.3%	1.7× YoY-2.0%	1.7× YoY+9.9%	1.6× YoY+82.0%
P/FCF	8.1× YoY-39.4%	13.4× YoY+48.1%	9.0× YoY+61.2%	5.6× YoY-27.2%	7.7× YoY-59.9%
	3.9% YoY-44.3%	7.0% YoY-38.7%	11.5% YoY-36.8%	18.2% YoY+59.6%	11.4%
	12.3% YoY+65.1%	7.5% YoY-32.5%	11.1% YoY-38.0%	17.8% YoY+37.3%	13.0% YoY+149.1%
	2.7% YoY-47.4%	5.1% YoY-1.8%	5.2% YoY-21.3%	6.6% YoY+303.7%	1.6% YoY-48.5%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: FANG's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FANG filings on SEC EDGAR → Not investment advice.