The Filing Desk

Diamondback Energy vs Ovintiv

Diamondback Energy FANG · Ovintiv OVV · Oil & Gas Exploration & Production

Diamondback Energy reported revenue of $15.0 billion in fiscal 2025, 1.7 times Ovintiv's $8.9 billion in fiscal 2025. Diamondback Energy's revenue grew 35.8% in its latest year, and Ovintiv's fell 2.7%. Diamondback Energy had an operating margin of 8.4%, against 12.7% at Ovintiv.

Side by side

Diamondback EnergyOvintiv
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$15.0B$8.9B
Revenue growth35.8%−2.7%
Revenue growth a year, last 5 years39.8%7.9%
Gross margin——
Operating margin8.4%12.7%
Net margin11.1%13.9%
Free cash flow—$1.5B
Free cash flow margin—16.9%
Return on capital1.9%7.1%
Net debt to EBITDA2.3x1.5x
Dividends and buybacks$1.2B$615M
Change in diluted share count35.4%−2.9%
Last close$207.13$72.55
P/E at the last close39.4×20.8×
Insider trades, last 12 monthssold $7.0 billionsold $5.7 million
Piotroski F-score4 of 88 of 8
Amounts in each company's own currency, US$ 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
Diamondback EnergyOvintiv
Operating margin
Percent of revenue
Diamondback EnergyOvintiv
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Diamondback EnergyOvintiv

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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 Diamondback Energy and Ovintiv pages.