ConocoPhillips vs Diamondback Energy
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The short version
- ConocoPhillips is the larger business, with $58.9B of revenue in fiscal 2025 against $15.0B for Diamondback Energy, about 3.9 times as much.
- Diamondback Energy grew revenue faster (35.8%, against 7.7%).
- ConocoPhillips earned a higher return on the capital invested in it (10.7%, against 1.9%).
- Investors pay more for each dollar of Diamondback Energyβs earnings: a P/E of 39.1x against 19.9x for ConocoPhillips.
| Latest fiscal year | COP Β· FY25 | FANG Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $183.1B | $57.9B |
| Revenue | $58.9B | $15.0B |
| Free cash flow | β | β |
| Net income | $8.0B | $1.7B |
| Growth | ||
| Revenue growth | 7.7% | 35.8% |
| 5-year growth | 25.7% | 39.8% |
| Share count change | 6.2% | 35.4% |
| Profitability | ||
| Gross margin | 62.1% | β |
| Operating margin | β | 8.4% |
| Net margin | 13.6% | 11.1% |
| FCF margin | β | β |
| Return on capital | 10.7% | 1.9% |
| Return on equity | 12.4% | 4.5% |
| Balance sheet | ||
| Net debt | $16.5B | $14.4B |
| Net debt / EBITDA | 0.7x | 2.3x |
| Dividends and buybacks | $9.0B | $1.2B |
| Valuation & quality | ||
| P/E | 19.9x | 39.1x |
| Piotroski F-score | 5 | 4 |
Revenue
FY16
COP $24.4B
FANG $527M
FY17
COP $32.6B
FANG $1.2B
FY18
COP $38.7B
FANG $2.2B
FY19
COP $36.7B
FANG $4.0B
FY20
COP $18.8B
FANG $2.8B
FY21
COP $45.8B
FANG $6.8B
FY22
COP $78.5B
FANG $9.6B
FY23
COP $56.1B
FANG $8.4B
FY24
COP $54.7B
FANG $11.1B
FY25
COP $58.9B
FANG $15.0B
COP
FANG
Operating margin
FY16
COP β
FANG β13.0%
FY17
COP β
FANG 50.2%
FY18
COP β
FANG 46.5%
FY19
COP β
FANG 17.5%
FY20
COP β
FANG β194.7%
FY21
COP β
FANG 58.9%
FY22
COP β
FANG 67.5%
FY23
COP β
FANG 54.3%
FY24
COP β
FANG 39.7%
FY25
COP β
FANG 8.4%
COP
FANG
Free cash flow
FY16
COP β$466M
FANG β
FY17
COP $2.5B
FANG β
FY18
COP $6.2B
FANG β
FY19
COP $4.5B
FANG β
FY20
COP $87.0M
FANG β
FY21
COP $11.7B
FANG β
FY22
COP $18.2B
FANG β
FY23
COP β
FANG β
FY24
COP β
FANG β
FY25
COP β
FANG β
COP
FANG
Return on capital
FY16
COP β5.7%
FANG β1.8%
FY17
COP β2.3%
FANG 11.6%
FY18
COP 15.7%
FANG 6.8%
FY19
COP 18.8%
FANG 3.1%
FY20
COP β4.6%
FANG β24.3%
FY21
COP β
FANG 18.0%
FY22
COP β
FANG 25.2%
FY23
COP 19.7%
FANG 15.9%
FY24
COP 13.7%
FANG 9.5%
FY25
COP 10.7%
FANG 1.9%
COP
FANG
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.