Diamondback Energy (FANG)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from FANG's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Diamondback Energy's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.7B | $9.6B | $8.4B | $11.1B | $15.0B |
| Net income | $2.2B | $4.4B | $3.1B | $3.3B | $1.7B |
| Free cash flow | — | — | — | — | — |
| EPS (diluted) | $12.24 | $24.61 | $17.34 | $15.53 | $5.73 |
| Operating margin | 59.3% | 68.0% | 54.3% | 39.7% | 8.4% |
Where the revenue comes from
Revenue by segments, fiscal 2023.
Superinvestors who own FANG
From each investor's latest 13F filing (what a 13F shows). 9 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Hersh Cohen ClearBridge Investments |
Added | $281M | 0.23% | Q2 2026 |
| Ric Dillon Diamond Hill Capital Management |
Trimmed | $269M | 2.2% | Q2 2026 |
| Donald Yacktman Yacktman Asset Management |
Added | $178M | 2.2% | Q2 2026 |
| Bill Smead Smead Capital Management |
Trimmed | $178M | 3.8% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $32M | 0.01% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $28M | 0.06% | Q2 2026 |
| Eric Marshall Hodges Capital Management |
Added | $448,741 | 0.03% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Added | $444,548 | 0.00% | Q2 2026 |
| Murray Stahl Horizon Kinetics LLC |
Trimmed | $322,381 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Diamondback Energy's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are Diamondback Energy insiders buying the stock?
No open-market insider purchases of FANG in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Diamondback Energy?
9 of the superinvestors Investingly tracks hold FANG in their latest 13F, including Hersh Cohen, Ric Dillon, Donald Yacktman.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.