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Diamondback Energy, Inc.(FANG)

F

Financial data as of Dec 31, 2024Improving · Energy

FCF Margin-48.8%Free Cash Flow / Revenue
Cash Conversion192.1%Operating CF / Net Income
Free Cash Flow-$5.4B
Revenue$11.0B
Net Cash-$13.2BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.44Tight short-term liquidity
YoY FCF Growth+101.0%3 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Current ratio below 1.0 (0.44)
→
+1Strong YoY FCF growth (101.0% YoY)
→
-0.5Highly volatile FCF (consistency: 1.79)
→
FinalF

Analysis Summary

Strengths

  • Excellent cash conversion (192%)
  • Strong YoY FCF growth (+101.0%)
  • FCF trend is improving

Concerns

  • Negative FCF margin (-48.8%)
  • Net debt position ($13.2B)
  • Current ratio below 1.0 — tight short-term liquidity
  • Only 3 positive FCF quarters recently
  • Highly volatile quarterly FCF
Heavy CapEx — Operating cash flow is strong (58% margin) but most is reinvested

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-48.8%
Net Margin30.3%
Operating CF Margin58.2%
CapEx Ratio106.9%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$13.2BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.44Tight liquidity
Debt / Equity0.35Low leverage

Quarterly FCF Trend

+101.0% YoYImproving (+101.0%)

Free cash flow per quarter

Sector Comparison — Energy

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameDiamondback Energy, Inc.
SectorEnergy
Free Cash Flow-$5.4B
Revenue$11.0B
Net Income$3.3B
Operating Cash Flow$6.4B
Capital Expenditure$11.8B
FCF Margin-48.8%
Cash Conversion Rate192.1%
Net Margin30.3%
Total Debt$13.3B
Total Cash$161.0M
Net Cash-$13.2B
Current Ratio0.44
Debt / Equity0.35
Debt / FCFN/A
YoY FCF Growth+101.0%
Positive Quarters3 of 5
Trend DirectionImproving
Report DateDec 31, 2024
GradeF
Data SourceYahoo Finance

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