Return on Tangible Equity (Quarterly)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Diamondback Energy, Inc. (FANG) had Return on Tangible Equity of 5.80% for the most recently reported fiscal quarter, ending 2023-12-31.

Quarterly Annual

Figures for fiscal quarter ending 2023-12-31

Income Statement Financials
Revenue	$2.23B
Net Income	$965.00M
Cost of Goods Sold	$332.00M
Gross Profit	$1.90B
Operating Expenses	$1.02B
Operating Income	$1.21B
Non-Operating Income/Expense	$70.00M
Pre-Tax Income	$1.27B
Normalized Pre-Tax Income	$1.27B
Income after Taxes	$1.01B
Income from Continuous Operations	$1.01B
Consolidated Net Income/Loss	$1.01B
Normalized Income after Taxes	$1.01B
EBIT	$1.21B
EBITDA	$1.67B
Weighted-Average Shares Outstanding (Basic)	180.00M
Weighted-Average Shares Outstanding (Diluted)	180.00M
Earnings per Share (EPS) (Basic)	$5.34
Earnings per Share (EPS) (Diluted)	$5.34
Balance Sheet Financials
Current Assets	$1.62B
Property, Plant, and Equipment	$26.67B
Long-Term Assets	$27.38B
Total Assets	$29.00B
Current Liabilities	$2.11B
Long-Term Debt	$6.64B
Long-Term Liabilities	$9.46B
Total Liabilities	$11.57B
Common Equity	$17.43B
Tangible Shareholders Equity	$17.43B
Shareholders Equity	$17.43B
Common Shares Outstanding	178.72M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$5.92B
Cash Flow from Investing Activities	$-3.32B
Cash Flow from Financial Activities	$-2.18B
Beginning Cash	$164.00M
End Cash	$585.00M
Increase/Decrease in Cash	$421.00M
Stock-Based Compensation	$54.00M
Common Stock Dividends Paid	$-1.57B
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	0.77
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.28
Debt to Equity Ratio	0.38
Gross Margin	85.10%
Operating Margin	54.08%
EBIT Margin	54.08%
EBITDA Margin	--
Pre-Tax Profit Margin	57.23%
Profit Margin	43.31%
Free Cash Flow	$4.63B
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.08
Inventory Turnover	5.27
Receiveable Turnover	2.63
Days Sales in Receivables	34.21
Return on Equity	5.80%
Return on Tangible Equity	5.80%
Return on Assets	3.49%
Return on Investments	4.20%
Book Value Per Share	$97.52
Free Cash Flow per Share	$25.70
Operating Cash Flow per Share	$32.89

Data from Zacks Investment Research, Inc.