Diamondback Energy
FANG · Oil & Gas Exploration & Production
$205.75
4.4%Ovintiv
OVV · Oil & Gas Exploration & Production
$72.27
4.3%The short version
- Diamondback Energy is the larger business, with $15.0B of revenue in fiscal 2025 against $8.9B for Ovintiv, about 1.7 times as much.
- Diamondback Energy grew revenue faster (35.8%, against −2.7%).
- Ovintiv kept more of each dollar of sales as operating profit (12.7% operating margin, against 8.4% operating margin).
- Ovintiv earned a higher return on the capital invested in it (7.1%, against 1.9%).
- Investors pay more for each dollar of Diamondback Energy’s earnings: a P/E of 39.1x against 20.7x for Ovintiv.
| Latest fiscal year | FANG · FY25 | OVV · FY25 |
|---|---|---|
| Size | ||
| Market cap | $57.9B | $20.4B |
| Revenue | $15.0B | $8.9B |
| Free cash flow | — | $1.5B |
| Net income | $1.7B | $1.2B |
| Growth | ||
| Revenue growth | 35.8% | −2.7% |
| 5-year growth | 39.8% | 7.9% |
| Share count change | 35.4% | −2.9% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 8.4% | 12.7% |
| Net margin | 11.1% | 13.9% |
| FCF margin | — | 16.9% |
| Return on capital | 1.9% | 7.1% |
| Return on equity | 4.5% | 11.5% |
| Balance sheet | ||
| Net debt | $14.4B | $4.9B |
| Net debt / EBITDA | 2.3x | 1.5x |
| Dividends and buybacks | $1.2B | $615M |
| Valuation & quality | ||
| P/E | 39.1x | 20.7x |
| Piotroski F-score | 4 | 8 |
FY16
FANG $527M
OVV $2.9B
FY17
FANG $1.2B
OVV $4.4B
FY18
FANG $2.2B
OVV $5.9B
FY19
FANG $4.0B
OVV $6.7B
FY20
FANG $2.8B
OVV $6.1B
FY21
FANG $6.8B
OVV $8.7B
FY22
FANG $9.6B
OVV $12.5B
FY23
FANG $8.4B
OVV $10.9B
FY24
FANG $11.1B
OVV $9.2B
FY25
FANG $15.0B
OVV $8.9B
FANG
OVV
FY16
FANG −13.0%
OVV −64.5%
FY17
FANG 50.2%
OVV 24.0%
FY18
FANG 46.5%
OVV 28.5%
FY19
FANG 17.5%
OVV 8.9%
FY20
FANG −194.7%
OVV −88.7%
FY21
FANG 58.9%
OVV 17.5%
FY22
FANG 67.5%
OVV 30.9%
FY23
FANG 54.3%
OVV 26.3%
FY24
FANG 39.7%
OVV 17.3%
FY25
FANG 8.4%
OVV 12.7%
FANG
OVV
FY16
FANG —
OVV −$507M
FY17
FANG —
OVV −$746M
FY18
FANG —
OVV $325M
FY19
FANG —
OVV $295M
FY20
FANG —
OVV $159M
FY21
FANG —
OVV $1.6B
FY22
FANG —
OVV $2.0B
FY23
FANG —
OVV $1.4B
FY24
FANG —
OVV $1.4B
FY25
FANG —
OVV $1.5B
FANG
OVV
FY16
FANG −1.8%
OVV −14.3%
FY17
FANG 11.6%
OVV 6.3%
FY18
FANG 6.8%
OVV 14.8%
FY19
FANG 3.1%
OVV 3.2%
FY20
FANG −24.3%
OVV −30.7%
FY21
FANG 18.0%
OVV 14.8%
FY22
FANG 25.2%
OVV 36.7%
FY23
FANG 15.9%
OVV 17.4%
FY24
FANG 9.5%
OVV 8.3%
FY25
FANG 1.9%
OVV 7.1%
FANG
OVV
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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.