Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Debt to Equity
Adjusted Debt to Capital
Adjusted Financial Leverage
Adjusted Net Profit Margin
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

Diamondback Energy Inc., adjusted financial ratios

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Activity Ratio
Total Asset Turnover
Reported	0.29	0.16	0.17	0.10	0.15
Adjusted	0.30	0.16	0.17	0.10	0.15
Solvency Ratios
Debt to Equity
Reported	0.55	0.66	0.41	0.33	0.28
Adjusted	0.46	0.55	0.32	0.28	0.26
Debt to Capital
Reported	0.36	0.40	0.29	0.25	0.22
Adjusted	0.31	0.36	0.24	0.22	0.21
Financial Leverage
Reported	1.89	2.00	1.78	1.58	1.48
Adjusted	1.57	1.67	1.40	1.36	1.37
Profitability Ratios
Net Profit Margin
Reported	32.34%	-163.90%	6.17%	39.71%	40.65%
Adjusted	42.72%	-207.33%	9.31%	52.31%	41.83%
Return on Equity (ROE)
Reported	18.05%	-51.36%	1.81%	6.17%	9.18%
Adjusted	19.82%	-54.35%	2.17%	7.03%	8.72%
Return on Assets (ROA)
Reported	9.53%	-25.64%	1.02%	3.92%	6.21%
Adjusted	12.61%	-32.57%	1.55%	5.18%	6.39%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Diamondback Energy Inc. adjusted total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Diamondback Energy Inc. adjusted debt-to-equity ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Diamondback Energy Inc. adjusted debt-to-capital ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Diamondback Energy Inc. adjusted financial leverage ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Diamondback Energy Inc. adjusted net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Diamondback Energy Inc. adjusted ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Diamondback Energy Inc. adjusted ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Diamondback Energy Inc., Financial Ratios: Reported vs. Adjusted

Download chart

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Revenue from contracts with customers	6,747)	2,756)	3,887)	2,130)	1,186)
Total assets	22,898)	17,619)	23,531)	21,596)	7,771)
Activity Ratio
Total asset turnover¹	0.29	0.16	0.17	0.10	0.15
Adjusted
Selected Financial Data (US$ in millions)
Revenue from contracts with customers	6,747)	2,756)	3,887)	2,130)	1,186)
Adjusted total assets²	22,858)	17,546)	23,389)	21,499)	7,771)
Activity Ratio
Adjusted total asset turnover³	0.30	0.16	0.17	0.10	0.15

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

¹ 2021 Calculation
Total asset turnover = Revenue from contracts with customers ÷ Total assets
= 6,747 ÷ 22,898 = 0.29

² Adjusted total assets. See details »

³ 2021 Calculation
Adjusted total asset turnover = Revenue from contracts with customers ÷ Adjusted total assets
= 6,747 ÷ 22,858 = 0.30

Download chart

Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Diamondback Energy Inc. adjusted total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Total debt	6,687)	5,815)	5,371)	4,464)	1,477)
Total Diamondback Energy, Inc. stockholders’ equity	12,088)	8,794)	13,249)	13,699)	5,255)
Solvency Ratio
Debt to equity¹	0.55	0.66	0.41	0.33	0.28
Adjusted
Selected Financial Data (US$ in millions)
Total debt	6,687)	5,815)	5,371)	4,464)	1,477)
Adjusted total equity²	14,543)	10,514)	16,650)	15,854)	5,690)
Solvency Ratio
Adjusted debt to equity³	0.46	0.55	0.32	0.28	0.26

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

¹ 2021 Calculation
Debt to equity = Total debt ÷ Total Diamondback Energy, Inc. stockholders’ equity
= 6,687 ÷ 12,088 = 0.55

² Adjusted total equity. See details »

³ 2021 Calculation
Adjusted debt to equity = Total debt ÷ Adjusted total equity
= 6,687 ÷ 14,543 = 0.46

Download chart

Solvency ratio	Description	The company
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Diamondback Energy Inc. adjusted debt-to-equity ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Total debt	6,687)	5,815)	5,371)	4,464)	1,477)
Total capital	18,775)	14,609)	18,620)	18,164)	6,732)
Solvency Ratio
Debt to capital¹	0.36	0.40	0.29	0.25	0.22
Adjusted
Selected Financial Data (US$ in millions)
Total debt	6,687)	5,815)	5,371)	4,464)	1,477)
Adjusted total capital²	21,230)	16,329)	22,021)	20,318)	7,167)
Solvency Ratio
Adjusted debt to capital³	0.31	0.36	0.24	0.22	0.21

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

¹ 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 6,687 ÷ 18,775 = 0.36

² Adjusted total capital. See details »

³ 2021 Calculation
Adjusted debt to capital = Total debt ÷ Adjusted total capital
= 6,687 ÷ 21,230 = 0.31

Download chart

Solvency ratio	Description	The company
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Diamondback Energy Inc. adjusted debt-to-capital ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Total assets	22,898)	17,619)	23,531)	21,596)	7,771)
Total Diamondback Energy, Inc. stockholders’ equity	12,088)	8,794)	13,249)	13,699)	5,255)
Solvency Ratio
Financial leverage¹	1.89	2.00	1.78	1.58	1.48
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets²	22,858)	17,546)	23,389)	21,499)	7,771)
Adjusted total equity³	14,543)	10,514)	16,650)	15,854)	5,690)
Solvency Ratio
Adjusted financial leverage⁴	1.57	1.67	1.40	1.36	1.37

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

¹ 2021 Calculation
Financial leverage = Total assets ÷ Total Diamondback Energy, Inc. stockholders’ equity
= 22,898 ÷ 12,088 = 1.89

² Adjusted total assets. See details »

³ Adjusted total equity. See details »

⁴ 2021 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 22,858 ÷ 14,543 = 1.57

Download chart

Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Diamondback Energy Inc. adjusted financial leverage ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Diamondback Energy, Inc.	2,182)	(4,517)	240)	846)	482)
Revenue from contracts with customers	6,747)	2,756)	3,887)	2,130)	1,186)
Profitability Ratio
Net profit margin¹	32.34%	-163.90%	6.17%	39.71%	40.65%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)²	2,882)	(5,714)	362)	1,114)	496)
Revenue from contracts with customers	6,747)	2,756)	3,887)	2,130)	1,186)
Profitability Ratio
Adjusted net profit margin³	42.72%	-207.33%	9.31%	52.31%	41.83%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

¹ 2021 Calculation
Net profit margin = 100 × Net income (loss) attributable to Diamondback Energy, Inc. ÷ Revenue from contracts with customers
= 100 × 2,182 ÷ 6,747 = 32.34%

² Adjusted net income (loss). See details »

³ 2021 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Revenue from contracts with customers
= 100 × 2,882 ÷ 6,747 = 42.72%

Download chart

Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Diamondback Energy Inc. adjusted net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Diamondback Energy, Inc.	2,182)	(4,517)	240)	846)	482)
Total Diamondback Energy, Inc. stockholders’ equity	12,088)	8,794)	13,249)	13,699)	5,255)
Profitability Ratio
ROE¹	18.05%	-51.36%	1.81%	6.17%	9.18%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)²	2,882)	(5,714)	362)	1,114)	496)
Adjusted total equity³	14,543)	10,514)	16,650)	15,854)	5,690)
Profitability Ratio
Adjusted ROE⁴	19.82%	-54.35%	2.17%	7.03%	8.72%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

¹ 2021 Calculation
ROE = 100 × Net income (loss) attributable to Diamondback Energy, Inc. ÷ Total Diamondback Energy, Inc. stockholders’ equity
= 100 × 2,182 ÷ 12,088 = 18.05%

² Adjusted net income (loss). See details »

³ Adjusted total equity. See details »

⁴ 2021 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted total equity
= 100 × 2,882 ÷ 14,543 = 19.82%

Download chart

Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Diamondback Energy Inc. adjusted ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Diamondback Energy, Inc.	2,182)	(4,517)	240)	846)	482)
Total assets	22,898)	17,619)	23,531)	21,596)	7,771)
Profitability Ratio
ROA¹	9.53%	-25.64%	1.02%	3.92%	6.21%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)²	2,882)	(5,714)	362)	1,114)	496)
Adjusted total assets³	22,858)	17,546)	23,389)	21,499)	7,771)
Profitability Ratio
Adjusted ROA⁴	12.61%	-32.57%	1.55%	5.18%	6.39%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

¹ 2021 Calculation
ROA = 100 × Net income (loss) attributable to Diamondback Energy, Inc. ÷ Total assets
= 100 × 2,182 ÷ 22,898 = 9.53%

² Adjusted net income (loss). See details »

³ Adjusted total assets. See details »

⁴ 2021 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × 2,882 ÷ 22,858 = 12.61%

Download chart

Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Diamondback Energy Inc. adjusted ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Diamondback Energy Inc. (NASDAQ:FANG)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

Diamondback Energy Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Debt to Equity

Adjusted Debt to Capital

Adjusted Financial Leverage

Adjusted Net Profit Margin

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)