Diamondback Energy, Inc.

FANGNASDAQEnergy● Active

$199.26

+$6.64(+3.45%)

Market Cap$56.1B

P/E Ratio—

52W High$214.51

52W Low$134.3

Avg Volume3.1M

Open$195.43

Beta0.39

Free Cash Flow Financials Revenue

Diamondback Energy, Inc. (FANG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FANG · free cash flow · updated Jun 8, 2026

Core FCF metrics

FANG · FCF · TTM · margin & CAGR

Free cash flow was $5.24B for FY2025 (fiscal year ending 2025-12-31), up 197.4% year-over-year The FCF margin was 34.8%. Five-year CAGR stands at +134.4%.

FY2025 Free Cash Flow$5.24B▲ +197.4% YoY

Trailing 12M (TTM)$1.59Btrailing 4 quarters sum

FCF Margin34.8%$5.24B ÷ revenue

3-Year CAGR+24.5%FY2022 → FY2025

5-Year CAGR+134.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FANG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$8.76B(3.52B)$5.24B▲ +197.4%34.8%

FY2024$6.41B(11.79B)−$5.37B▼ 545.6%-48.8%

FY2023$5.92B(4.71B)$1.21B▼ 55.5%14.5%

FY2022$6.33B(3.61B)$2.71B▲ +62.4%28.4%

FY2021$3.94B(2.27B)$1.67B▲ +2156.8%24.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FANG · P/FCF · FCF yield · FCF per share

Diamondback Energy, Inc. (FANG) trades at a FCF yield of 2.94% and a price-to-free-cash-flow ratio of 36.2x. FCF per share stands at $5.51, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.94%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.51

TTM FCF ÷ Shares Outstanding

Price / FCF

x36.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x42.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FANG · cash flow statement · operating / investing / financing

For FY2025, Diamondback Energy, Inc. generated $8.76B in operating cash flow and spent 3.52B in capital expenditures, yielding $5.24B in free cash flow.

Operating Activities

+$8.76B

Cash from core business operations

2025-12-31

Investing Activities

−$7.81B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.01B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($8.76B) − |CapEx| (3.52B) = FCF ($5.24B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

FANG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Diamondback Energy, Inc.YOU

FANG

$5.24B+197.4%34.8%

22%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Diamondback Energy, Inc. (FANG) reported free cash flow of $5.24B for FY2025 (fiscal year ending 2025-12-31), up 197.4% year-over-year. The FCF margin was 34.8%.

Based on available data, Diamondback Energy, Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $5.24B in FY2025. The 5-year CAGR stands at +134.4%.

Diamondback Energy, Inc.'s FCF yield is 2.94% and price-to-FCF ratio is 36.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FANG free cash flow · 8 questions

Diamondback Energy, Inc. free cash flow was $5.24B for FY2025, up 197.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.59B.

FANG free cash flowFANG FCFFANG FCF 2025FANG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Diamondback Energy, Inc. · Diamondback Energy, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026