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EXPAND ENERGY vs Diamondback Energy: revenue, profit, margins and growth compared

EXPAND ENERGY brought in $12.1B of revenue in fiscal 2025, Diamondback Energy $15B in fiscal 2025. Revenue changed by +186.3% at EXPAND ENERGY and +35.8% at Diamondback Energy on the year before, so EXPAND ENERGY grew faster. EXPAND ENERGY kept 15.0% of its revenue as net profit, Diamondback Energy 11.1%.

Side by side, latest fiscal year

EXEFANG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$12.1B$15B
Revenue growth+186.3%+35.8%
Net income$1.8B$1.7B
Net margin15.0%11.1%
Free cash flow$1.8Bn/a
Free cash flow margin15.2%n/a
Earnings per share (diluted)$7.57$5.73
Cash$616M$104M
Debt$5B$13.7B
Price to earnings11.532.6
Market value$20.1B$52.3B
Dividend yieldn/a2.14%
Rank by revenue in sector#22 of 129 · Energy#21 of 129 · Energy

Over the years

Revenue
EXE FY2017: $10BEXE FY2018: $10BEXE FY2019: $8.5BEXE FY2020: $5.2BEXE FY2022: $11.7BEXE FY2023: $8.7BEXE FY2024: $4.2BEXE FY2025: $12.1BFANG FY2018: $2.2BFANG FY2019: $4BFANG FY2020: $2.8BFANG FY2021: $6.8BFANG FY2022: $9.6BFANG FY2023: $8.4BFANG FY2024: $11.1BFANG FY2025: $15BFY17FY18FY19FY20FY21FY22FY23FY24FY25
EXE $12.1BFANG $15B
Net income
EXE FY2017: -$505MEXE FY2018: $226MEXE FY2019: -$308MEXE FY2020: -$9.7BEXE FY2022: $4.9BEXE FY2023: $2.4BEXE FY2024: -$714MEXE FY2025: $1.8BFANG FY2018: $846MFANG FY2019: $240MFANG FY2020: -$4.5BFANG FY2021: $2.2BFANG FY2022: $4.4BFANG FY2023: $3.1BFANG FY2024: $3.3BFANG FY2025: $1.7BFY17FY18FY19FY20FY21FY22FY23FY24FY25
EXE $1.8BFANG $1.7B
Net margin
EXE FY2017: -5.0%EXE FY2018: 2.3%EXE FY2019: -3.6%EXE FY2020: -185.8%EXE FY2022: 42.0%EXE FY2023: 27.7%EXE FY2024: -16.9%EXE FY2025: 15.0%FANG FY2018: 38.9%FANG FY2019: 6.1%FANG FY2020: -160.6%FANG FY2021: 32.1%FANG FY2022: 45.5%FANG FY2023: 37.4%FANG FY2024: 30.2%FANG FY2025: 11.1%FY17FY18FY19FY20FY21FY22FY23FY24FY25
EXE 15.0%FANG 11.1%
Revenue growth
EXE FY2018: -0.1%EXE FY2019: -14.9%EXE FY2020: -38.6%EXE FY2023: -25.7%EXE FY2024: -51.4%EXE FY2025: +186.3%FANG FY2019: +82.1%FANG FY2020: -29.0%FANG FY2021: +141.6%FANG FY2022: +41.9%FANG FY2023: -12.8%FANG FY2024: +31.6%FANG FY2025: +35.8%FY18FY19FY20FY21FY22FY23FY24FY25
EXE +186.3%FANG +35.8%
Free cash flow
EXE FY2020: $22MEXE FY2022: $2.3BEXE FY2023: $551MEXE FY2024: $8MEXE FY2025: $1.8BFY20FY22FY23FY24FY25
EXE $1.8BFANG

Fiscal years as each company reports them; the two may end in different months.

Questions about EXPAND ENERGY and Diamondback Energy

Which is bigger by revenue, EXPAND ENERGY or Diamondback Energy?

Diamondback Energy is bigger by revenue: $15B in fiscal 2025, against $12.1B for EXPAND ENERGY in fiscal 2025.

Which keeps more of its revenue as profit, EXPAND ENERGY or Diamondback Energy?

EXPAND ENERGY had a net margin of 15.0% in fiscal 2025; Diamondback Energy had 11.1% in fiscal 2025.

Which grew revenue faster, EXPAND ENERGY or Diamondback Energy?

In their latest fiscal years revenue changed by +186.3% at EXPAND ENERGY and +35.8% at Diamondback Energy.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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