Diamondback Energy
Diamondback Energy returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 1.56% | 1.63% | — | 3.79% | 2.06% | -6.1 pp |
| FY 2026 Q1 | Mar 31, 2026 | — | -0.45% | — | 0.74% | 0.41% | — |
| FY 2025 Q4 | Dec 31, 2025 | 1.9% | 1.96% | -54.95% | 4.43% | 2.41% | -5.8 pp |
| FY 2025 Q3 | Sep 30, 2025 | 7.92% | 8.19% | 11.59% | 10.92% | 5.91% | 0.2 pp |
| FY 2025 Q2 | Jun 30, 2025 | 9.94% | 9.7% | 0.76% | 13.55% | 7.13% | 2.2 pp |
| FY 2025 Q1 | Mar 31, 2025 | 10.43% | 10.66% | 1.27% | 14.26% | 7.97% | 2.7 pp |
| FY 2024 Q4 | Dec 31, 2024 | 9.49% | 9.84% | 0.09% | 12.2% | 6.93% | 1.8 pp |
| FY 2024 Q3 | Sep 30, 2024 | 8.89% | 9.61% | -1.23% | 11.92% | 6.87% | 1.2 pp |
| FY 2024 Q2 | Jun 30, 2024 | 16.33% | 16.35% | -13.87% | 20.94% | 11.01% | 8.6 pp |
| FY 2024 Q1 | Mar 31, 2024 | 15.66% | 17.51% | -140.9% | 19.6% | 11.17% | 8 pp |
| FY 2023 Q4 | Dec 31, 2023 | 15.86% | 17.79% | -92.92% | 19.73% | 11.39% | 8.2 pp |
| FY 2023 Q3 | Sep 30, 2023 | 17.2% | 19.22% | -62.96% | 21.01% | 12.29% | 9.5 pp |
| FY 2023 Q2 | Jun 30, 2023 | 18.35% | 20.71% | -30.46% | 23.75% | 13.56% | 10.6 pp |
| FY 2023 Q1 | Mar 31, 2023 | 21.93% | 24.91% | 19.51% | 30.35% | 16.96% | 14.2 pp |
| FY 2022 Q4 | Dec 31, 2022 | 25.21% | 28.32% | 81.64% | 32.06% | 17.86% | 17.5 pp |
| FY 2022 Q3 | Sep 30, 2022 | 26.85% | 30.66% | 381.99% | 34.4% | 18.85% | 19.2 pp |
| FY 2022 Q2 | Jun 30, 2022 | 24.78% | 28.99% | — | 31.62% | 16.8% | 17.1 pp |
| FY 2022 Q1 | Mar 31, 2022 | 20.6% | 24.48% | — | 23.41% | 12.09% | 12.9 pp |
| FY 2021 Q4 | Dec 31, 2021 | 18.01% | 21.15% | — | 20.9% | 10.77% | 10.3 pp |
| FY 2021 Q3 | Sep 30, 2021 | 8.34% | 10.18% | — | 4.19% | 2.13% | 0.6 pp |
| FY 2021 Q2 | Jun 30, 2021 | — | -2.4% | — | -12.21% | -6.19% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | -19.45% | — | -34.26% | -17.74% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | -28.34% | — | -40.98% | -21.95% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | -25.63% | — | -36.14% | -20.16% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | -17.01% | — | -22.53% | -12.8% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | -1.97% | — | -0.32% | -0.18% | — |
| FY 2019 Q4 | Dec 31, 2019 | 3.14% | 3.24% | -14.57% | 1.78% | 1.06% | -4.6 pp |
| FY 2019 Q3 | Sep 30, 2019 | 7.27% | 8.1% | 0.63% | 10.35% | 6.2% | -0.4 pp |
| FY 2019 Q2 | Jun 30, 2019 | 7.07% | 7.89% | 0.75% | 8.38% | 5.12% | -0.6 pp |
| FY 2019 Q1 | Mar 31, 2019 | 7.25% | 7.38% | 2.01% | 7.22% | 4.54% | -0.5 pp |
| FY 2018 Q4 | Dec 31, 2018 | 6.77% | 7.28% | — | 8.92% | 5.76% | -0.9 pp |
| FY 2018 Q3 | Sep 30, 2018 | 12.69% | 12.9% | — | 12.07% | 7.65% | 5 pp |
| FY 2018 Q2 | Jun 30, 2018 | 12.36% | 12.33% | — | 10.9% | 7.24% | 4.7 pp |
| FY 2018 Q1 | Mar 31, 2018 | 10.76% | 11.01% | — | 10.11% | 6.97% | 3.1 pp |
| FY 2017 Q4 | Dec 31, 2017 | — | 9.81% | — | 10.77% | 7.35% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 9.36% | — | 10.61% | 7.27% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 7.48% | — | 9.39% | 6.61% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 1.68% | — | 0.12% | 0.09% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | -1.77% | — | -5.92% | -4.07% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | -11.19% | — | -16.54% | -11.6% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | -21.13% | — | -26.83% | -17.72% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | -26.78% | — | -29.54% | -19.53% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | -27.19% | — | -30.36% | -18.81% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | -19% | — | -14.27% | -9.1% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | -8% | — | -4.1% | -2.45% | — |
| FY 2015 Q1 | Mar 31, 2015 | 4.93% | 7.08% | 2.07% | 11.87% | 7% | -2.8 pp |
| FY 2014 Q4 | Dec 31, 2014 | 6.98% | 10.06% | 5.71% | 14.92% | 8.39% | -0.7 pp |
| FY 2014 Q3 | Sep 30, 2014 | — | 10.68% | — | 9.31% | 5.38% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 13.83% | — | 9.88% | 6.05% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 11.44% | — | 9.39% | 5.63% | — |
| FY 2013 Q4 | Dec 31, 2013 | 6.97% | 9.88% | — | 8.35% | 5.13% | -0.7 pp |
| FY 2013 Q3 | Sep 30, 2013 | — | 7.44% | — | — | -1.99% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | — | — | — |
| FY 2013 Q1 | Mar 31, 2013 | — | — | — | — | — | — |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | — | — | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · FANG, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.