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Diamondback Energy (MEX:FANG) Pretax Margin % : 34.71% (As of Sep. 2024)


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What is Diamondback Energy Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Diamondback Energy's Pre-Tax Income for the three months ended in Sep. 2024 was MXN18,076 Mil. Diamondback Energy's Revenue for the three months ended in Sep. 2024 was MXN52,081 Mil. Therefore, Diamondback Energy's pretax margin for the quarter that ended in Sep. 2024 was 34.71%.

The historical rank and industry rank for Diamondback Energy's Pretax Margin % or its related term are showing as below:

MEX:FANG' s Pretax Margin % Range Over the Past 10 Years
Min: -205.33   Med: 42.01   Max: 61.52
Current: 45.61


MEX:FANG's Pretax Margin % is ranked better than
92.3% of 948 companies
in the Oil & Gas industry
Industry Median: 5.435 vs MEX:FANG: 45.61

Diamondback Energy Pretax Margin % Historical Data

The historical data trend for Diamondback Energy's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Diamondback Energy Pretax Margin % Chart

Diamondback Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.13 -205.33 42.77 59.48 50.50

Diamondback Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.23 57.23 46.32 46.17 34.71

Competitive Comparison of Diamondback Energy's Pretax Margin %

For the Oil & Gas E&P subindustry, Diamondback Energy's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Diamondback Energy's Pretax Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Diamondback Energy's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Diamondback Energy's Pretax Margin % falls into.



Diamondback Energy Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Diamondback Energy's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=72106.605/142787.374
=50.50 %

Diamondback Energy's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=18075.695/52080.844
=34.71 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Diamondback Energy  (MEX:FANG) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Diamondback Energy Pretax Margin % Related Terms

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Diamondback Energy Business Description

Traded in Other Exchanges
Address
500 West Texas Avenue, Suite 1200, Midland, TX, USA, 79701
Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2023, the company reported net proven reserves of 2.2 billion barrels of oil equivalent. Net production averaged about 448,000 barrels per day in 2023, at a ratio of 59% oil, 21% natural gas liquids, and 20% natural gas.