The Filing Desk

EOG Resources vs Diamondback Energy

EOG Resources EOG · Diamondback Energy FANG · Oil & Gas Exploration & Production

EOG Resources reported revenue of $22.6 billion in fiscal 2025, 1.5 times Diamondback Energy's $15.0 billion in fiscal 2025. EOG Resources' revenue fell 4.5% in its latest year, and Diamondback Energy's grew 35.8%. EOG Resources had an operating margin of 28.2%, against 8.4% at Diamondback Energy.

Side by side

EOG ResourcesDiamondback Energy
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$22.6B$15.0B
Revenue growth−4.5%35.8%
Revenue growth a year, last 5 years15.5%39.8%
Gross margin——
Operating margin28.2%8.4%
Net margin22.0%11.1%
Free cash flow——
Free cash flow margin——
Return on capital16.2%1.9%
Net debt to EBITDA0.4x2.3x
Dividends and buybacks$4.7B$1.2B
Change in diluted share count−4.0%35.4%
Last close$163.68$207.13
P/E at the last close12.7×39.4×
Insider trades, last 12 monthssold $10.8 millionsold $7.0 billion
Piotroski F-score4 of 84 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
EOG ResourcesDiamondback Energy
Operating margin
Percent of revenue
EOG ResourcesDiamondback Energy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
EOG ResourcesDiamondback Energy

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the EOG Resources and Diamondback Energy pages.