The Filing Desk

Expand Energy vs Diamondback Energy

Expand Energy EXE · Diamondback Energy FANG · Oil & Gas Exploration & Production

Diamondback Energy reported revenue of $15.0 billion in fiscal 2025, 1.2 times Expand Energy's $12.1 billion in fiscal 2025. Expand Energy's revenue grew 186.3% in its latest year, and Diamondback Energy's grew 35.8%. Expand Energy had an operating margin of 20.4%, against 8.4% at Diamondback Energy.

Side by side

Expand EnergyDiamondback Energy
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$12.1B$15.0B
Revenue growth186.3%35.8%
Revenue growth a year, last 5 years7.3%39.8%
Gross margin——
Operating margin20.4%8.4%
Net margin15.0%11.1%
Free cash flow$1.8B—
Free cash flow margin15.2%—
Return on capital8.6%1.9%
Net debt to EBITDA0.8x2.3x
Dividends and buybacks$865M$1.2B
Change in diluted share count53.1%35.4%
Last close$94.02$207.13
P/E at the last close8.1×39.4×
Insider trades, last 12 monthsbought $876,540, sold $0sold $7.0 billion
Piotroski F-score7 of 84 of 8
Amounts in each company's own currency, US$ 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
Expand EnergyDiamondback Energy
Operating margin
Percent of revenue
Expand EnergyDiamondback Energy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Expand EnergyDiamondback 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 Expand Energy and Diamondback Energy pages.