EOG Resources
EOG · Oil & Gas Exploration & Production
$163.03
3.2%Diamondback Energy
FANG · Oil & Gas Exploration & Production
$205.75
4.4%The short version
- EOG Resources is the larger business, with $22.6B of revenue in fiscal 2025 against $15.0B for Diamondback Energy, about 1.5 times as much.
- Diamondback Energy grew revenue faster (35.8%, against −4.5%).
- EOG Resources kept more of each dollar of sales as operating profit (28.2% operating margin, against 8.4% operating margin).
- EOG Resources earned a higher return on the capital invested in it (16.2%, against 1.9%).
- Investors pay more for each dollar of Diamondback Energy’s earnings: a P/E of 39.1x against 12.7x for EOG Resources.
| Latest fiscal year | EOG · FY25 | FANG · FY25 |
|---|---|---|
| Size | ||
| Market cap | $86.2B | $57.9B |
| Revenue | $22.6B | $15.0B |
| Free cash flow | — | — |
| Net income | $5.0B | $1.7B |
| Growth | ||
| Revenue growth | −4.5% | 35.8% |
| 5-year growth | 15.5% | 39.8% |
| Share count change | −4.0% | 35.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 28.2% | 8.4% |
| Net margin | 22.0% | 11.1% |
| FCF margin | — | — |
| Return on capital | 16.2% | 1.9% |
| Return on equity | 16.8% | 4.5% |
| Balance sheet | ||
| Net debt | $4.7B | $14.4B |
| Net debt / EBITDA | 0.4x | 2.3x |
| Dividends and buybacks | $4.7B | $1.2B |
| Valuation & quality | ||
| P/E | 12.7x | 39.1x |
| Piotroski F-score | 4 | 4 |
FY16
EOG $7.7B
FANG $527M
FY17
EOG $11.2B
FANG $1.2B
FY18
EOG $17.3B
FANG $2.2B
FY19
EOG $17.4B
FANG $4.0B
FY20
EOG $11.0B
FANG $2.8B
FY21
EOG $18.6B
FANG $6.8B
FY22
EOG $25.7B
FANG $9.6B
FY23
EOG $24.2B
FANG $8.4B
FY24
EOG $23.7B
FANG $11.1B
FY25
EOG $22.6B
FANG $15.0B
EOG
FANG
FY16
EOG −16.0%
FANG −13.0%
FY17
EOG 8.3%
FANG 50.2%
FY18
EOG 25.9%
FANG 46.5%
FY19
EOG 21.3%
FANG 17.5%
FY20
EOG −4.9%
FANG −194.7%
FY21
EOG 32.7%
FANG 58.9%
FY22
EOG 38.8%
FANG 67.5%
FY23
EOG 39.7%
FANG 54.3%
FY24
EOG 34.1%
FANG 39.7%
FY25
EOG 28.2%
FANG 8.4%
EOG
FANG
FY16
EOG —
FANG —
FY17
EOG —
FANG —
FY18
EOG —
FANG —
FY19
EOG —
FANG —
FY20
EOG —
FANG —
FY21
EOG —
FANG —
FY22
EOG —
FANG —
FY23
EOG —
FANG —
FY24
EOG —
FANG —
FY25
EOG —
FANG —
EOG
FANG
FY16
EOG −5.1%
FANG −1.8%
FY17
EOG 4.5%
FANG 11.6%
FY18
EOG 15.8%
FANG 6.8%
FY19
EOG 11.7%
FANG 3.1%
FY20
EOG −1.8%
FANG −24.3%
FY21
EOG 21.2%
FANG 18.0%
FY22
EOG 33.6%
FANG 25.2%
FY23
EOG 29.6%
FANG 15.9%
FY24
EOG 23.3%
FANG 9.5%
FY25
EOG 16.2%
FANG 1.9%
EOG
FANG
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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.