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Diamondback Energy vs Ovintiv: revenue, profit, margins and growth compared

Diamondback Energy brought in $15B of revenue in fiscal 2025, Ovintiv $8.9B in fiscal 2025. Revenue changed by +35.8% at Diamondback Energy and -2.7% at Ovintiv on the year before, so Diamondback Energy grew faster. Diamondback Energy kept 11.1% of its revenue as net profit, Ovintiv 13.9%.

Side by side, latest fiscal year

FANGOVV
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$15B$8.9B
Revenue growth+35.8%-2.7%
Net income$1.7B$1.2B
Net margin11.1%13.9%
Free cash flown/a$1.5B
Free cash flow marginn/a16.9%
Earnings per share (diluted)$5.73$4.78
Cash$104M$35M
Debt$13.7B$5.2B
Price to earnings32.612.6
Market value$52.3B$17B
Dividend yield2.14%2.00%
Rank by revenue in sector#21 of 129 · Energy#25 of 129 · Energy

Over the years

Revenue
FANG FY2018: $2.2BFANG FY2019: $4BFANG FY2020: $2.8BFANG FY2021: $6.8BFANG FY2022: $9.6BFANG FY2023: $8.4BFANG FY2024: $11.1BFANG FY2025: $15BOVV FY2019: $5.9BOVV FY2019: $7BOVV FY2020: $6.1BOVV FY2021: $10.5BOVV FY2022: $14.3BOVV FY2023: $10.9BOVV FY2024: $9.2BOVV FY2025: $8.9BFY18FY19FY20FY21FY22FY23FY24FY25
FANG $15BOVV $8.9B
Net income
FANG FY2018: $846MFANG FY2019: $240MFANG FY2020: -$4.5BFANG FY2021: $2.2BFANG FY2022: $4.4BFANG FY2023: $3.1BFANG FY2024: $3.3BFANG FY2025: $1.7BOVV FY2019: $1.1BOVV FY2019: $234MOVV FY2020: -$6.1BOVV FY2021: $1.4BOVV FY2022: $3.6BOVV FY2023: $2.1BOVV FY2024: $1.1BOVV FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
FANG $1.7BOVV $1.2B
Net margin
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%OVV FY2019: 18.0%OVV FY2019: 3.3%OVV FY2020: -100.2%OVV FY2021: 13.5%OVV FY2022: 25.5%OVV FY2023: 19.2%OVV FY2024: 12.3%OVV FY2025: 13.9%FY18FY19FY20FY21FY22FY23FY24FY25
FANG 11.1%OVV 13.9%
Revenue growth
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%OVV FY2019: +18.1%OVV FY2020: -13.2%OVV FY2021: +72.0%OVV FY2022: +36.3%OVV FY2023: -23.7%OVV FY2024: -15.9%OVV FY2025: -2.7%FY19FY20FY21FY22FY23FY24FY25
FANG +35.8%OVV -2.7%
Free cash flow
OVV FY2019: $325MOVV FY2019: $295MOVV FY2020: $159MOVV FY2021: $1.6BOVV FY2022: $2BOVV FY2023: $1.4BOVV FY2024: $1.4BOVV FY2025: $1.5BFY19FY20FY21FY22FY23FY24FY25
FANGOVV $1.5B

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

Questions about Diamondback Energy and Ovintiv

Which is bigger by revenue, Diamondback Energy or Ovintiv?

Diamondback Energy is bigger by revenue: $15B in fiscal 2025, against $8.9B for Ovintiv in fiscal 2025.

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

Diamondback Energy had a net margin of 11.1% in fiscal 2025; Ovintiv had 13.9% in fiscal 2025.

Which grew revenue faster, Diamondback Energy or Ovintiv?

In their latest fiscal years revenue changed by +35.8% at Diamondback Energy and -2.7% at Ovintiv.

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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