Diamondback Free Cash Flow vs Net Income Analysis

FANG Stock

USD 185.29 2.59 1.42%

Diamondback Energy financial indicator trend analysis is much more than just examining Diamondback Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diamondback Energy is a good investment. Please check the relationship between Diamondback Energy Free Cash Flow and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamondback Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in Diamondback Stock please use our How to Invest in Diamondback Energy guide.

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Diamondback Energy Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Diamondback Energy's Free Cash Flow and Net Income is 0.53. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of Diamondback Energy, assuming nothing else is changed. The correlation between historical values of Diamondback Energy's Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Diamondback Energy are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., Diamondback Energy's Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Diamondback Energy financial statement analysis. It represents the amount of money remaining after all of Diamondback Energy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Diamondback Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diamondback Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamondback Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in Diamondback Stock please use our How to Invest in Diamondback Energy guide.At this time, Diamondback Energy's Enterprise Value is most likely to increase significantly in the upcoming years.

	2021	2022	2023	2024 (projected)
Interest Expense	199M	159M	177M	185.9M
Depreciation And Amortization	1.3B	1.3B	1.7B	1.8B

Interest Expense Depreciation And Amortization

Diamondback Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Liab	Other Assets	Long Term Debt	Other Current Assets	Property Plant Equipment
Total Assets		0.98	0.86	0.98	1.0	1.0	0.97	0.86	0.25	1.0	0.44	0.25	0.96	0.88	0.99	0.96	0.89	0.99	0.96	0.79	0.74	0.98	0.16	0.98	0.88	1.0
Short Long Term Debt Total	0.98		0.88	0.97	0.96	0.98	0.99	0.77	0.24	0.98	0.44	0.24	0.95	0.91	0.99	0.96	0.9	0.99	0.95	0.76	0.76	0.93	0.29	1.0	0.83	0.98
Other Current Liab	0.86	0.88		0.91	0.84	0.86	0.87	0.66	0.22	0.86	0.39	0.22	0.89	0.73	0.89	0.93	0.72	0.89	0.93	0.72	0.62	0.85	0.2	0.88	0.91	0.86
Total Current Liabilities	0.98	0.97	0.91		0.97	0.98	0.96	0.87	0.23	0.98	0.41	0.23	0.97	0.85	0.98	0.96	0.82	0.99	0.98	0.77	0.79	0.96	0.19	0.97	0.91	0.98
Total Stockholder Equity	1.0	0.96	0.84	0.97		1.0	0.94	0.88	0.26	0.99	0.44	0.26	0.95	0.85	0.98	0.95	0.88	0.98	0.96	0.8	0.72	0.98	0.1	0.96	0.88	1.0
Property Plant And Equipment Net	1.0	0.98	0.86	0.98	1.0		0.97	0.86	0.21	1.0	0.43	0.21	0.96	0.87	0.99	0.96	0.88	0.99	0.96	0.76	0.74	0.98	0.16	0.98	0.87	1.0
Net Debt	0.97	0.99	0.87	0.96	0.94	0.97		0.76	0.09	0.97	0.41	0.09	0.94	0.89	0.98	0.96	0.88	0.98	0.93	0.66	0.75	0.93	0.32	0.99	0.83	0.97
Accounts Payable	0.86	0.77	0.66	0.87	0.88	0.86	0.76		0.24	0.86	0.33	0.24	0.81	0.62	0.82	0.76	0.63	0.83	0.83	0.69	0.81	0.89	0.0	0.77	0.79	0.87
Cash	0.25	0.24	0.22	0.23	0.26	0.21	0.09	0.24		0.21	0.25	1.0	0.22	0.23	0.23	0.2	0.27	0.23	0.26	0.78	0.18	0.19	-0.1	0.24	0.19	0.22
Non Current Assets Total	1.0	0.98	0.86	0.98	0.99	1.0	0.97	0.86	0.21		0.43	0.21	0.96	0.87	0.99	0.96	0.88	0.99	0.96	0.76	0.74	0.98	0.17	0.98	0.87	1.0
Non Currrent Assets Other	0.44	0.44	0.39	0.41	0.44	0.43	0.41	0.33	0.25	0.43		0.25	0.44	0.43	0.43	0.38	0.46	0.43	0.4	0.45	0.26	0.39	0.1	0.44	0.39	0.43
Cash And Short Term Investments	0.25	0.24	0.22	0.23	0.26	0.21	0.09	0.24	1.0	0.21	0.25		0.22	0.23	0.23	0.2	0.27	0.23	0.26	0.78	0.18	0.19	-0.1	0.24	0.19	0.22
Net Receivables	0.96	0.95	0.89	0.97	0.95	0.96	0.94	0.81	0.22	0.96	0.44	0.22		0.87	0.97	0.97	0.84	0.97	0.98	0.78	0.65	0.95	0.1	0.95	0.95	0.96
Common Stock Shares Outstanding	0.88	0.91	0.73	0.85	0.85	0.87	0.89	0.62	0.23	0.87	0.43	0.23	0.87		0.88	0.84	0.96	0.88	0.82	0.69	0.59	0.78	0.31	0.91	0.7	0.86
Non Current Liabilities Total	0.99	0.99	0.89	0.98	0.98	0.99	0.98	0.82	0.23	0.99	0.43	0.23	0.97	0.88		0.97	0.88	1.0	0.97	0.77	0.75	0.97	0.21	0.99	0.88	0.99
Inventory	0.96	0.96	0.93	0.96	0.95	0.96	0.96	0.76	0.2	0.96	0.38	0.2	0.97	0.84	0.97		0.83	0.98	0.98	0.75	0.64	0.95	0.11	0.96	0.92	0.96
Other Stockholder Equity	0.89	0.9	0.72	0.82	0.88	0.88	0.88	0.63	0.27	0.88	0.46	0.27	0.84	0.96	0.88	0.83		0.87	0.8	0.72	0.56	0.79	0.3	0.9	0.68	0.88
Total Liab	0.99	0.99	0.89	0.99	0.98	0.99	0.98	0.83	0.23	0.99	0.43	0.23	0.97	0.88	1.0	0.98	0.87		0.97	0.77	0.76	0.97	0.21	0.99	0.88	0.99
Property Plant And Equipment Gross	0.96	0.95	0.93	0.98	0.96	0.96	0.93	0.83	0.26	0.96	0.4	0.26	0.98	0.82	0.97	0.98	0.8	0.97		0.8	0.69	0.96	0.05	0.95	0.94	0.96
Total Current Assets	0.79	0.76	0.72	0.77	0.8	0.76	0.66	0.69	0.78	0.76	0.45	0.78	0.78	0.69	0.77	0.75	0.72	0.77	0.8		0.52	0.75	-0.02	0.77	0.73	0.77
Short Term Debt	0.74	0.76	0.62	0.79	0.72	0.74	0.75	0.81	0.18	0.74	0.26	0.18	0.65	0.59	0.75	0.64	0.56	0.76	0.69	0.52		0.71	0.48	0.75	0.56	0.75
Other Liab	0.98	0.93	0.85	0.96	0.98	0.98	0.93	0.89	0.19	0.98	0.39	0.19	0.95	0.78	0.97	0.95	0.79	0.97	0.96	0.75	0.71		0.04	0.93	0.92	0.98
Other Assets	0.16	0.29	0.2	0.19	0.1	0.16	0.32	0.0	-0.1	0.17	0.1	-0.1	0.1	0.31	0.21	0.11	0.3	0.21	0.05	-0.02	0.48	0.04		0.28	-0.02	0.15
Long Term Debt	0.98	1.0	0.88	0.97	0.96	0.98	0.99	0.77	0.24	0.98	0.44	0.24	0.95	0.91	0.99	0.96	0.9	0.99	0.95	0.77	0.75	0.93	0.28		0.84	0.98
Other Current Assets	0.88	0.83	0.91	0.91	0.88	0.87	0.83	0.79	0.19	0.87	0.39	0.19	0.95	0.7	0.88	0.92	0.68	0.88	0.94	0.73	0.56	0.92	-0.02	0.84		0.88
Property Plant Equipment	1.0	0.98	0.86	0.98	1.0	1.0	0.97	0.87	0.22	1.0	0.43	0.22	0.96	0.86	0.99	0.96	0.88	0.99	0.96	0.77	0.75	0.98	0.15	0.98	0.88

Click cells to compare fundamentals

Diamondback Energy Account Relationship Matchups

Diamondback Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	23.5B	17.6B	22.9B	26.2B	29.0B	30.5B
Short Long Term Debt Total	5.5B	5.8B	6.7B	6.2B	6.8B	7.1B
Other Current Liab	27M	917M	1.3B	1.5B	1.5B	1.6B
Total Current Liabilities	1.3B	1.2B	1.4B	1.7B	2.1B	2.2B
Total Stockholder Equity	13.2B	8.8B	12.1B	15.0B	16.6B	17.5B
Property Plant And Equipment Net	21.8B	16.2B	20.6B	23.8B	26.7B	28.0B
Net Debt	5.2B	5.7B	6.0B	6.1B	6.2B	6.5B
Accounts Payable	179M	71M	36M	127M	261M	274.1M
Cash	123M	104M	654M	157M	582M	611.1M
Non Current Assets Total	22.7B	17.0B	21.5B	24.8B	27.4B	28.7B
Non Currrent Assets Other	90M	96M	88M	428M	132M	138.6M
Cash And Short Term Investments	123M	104M	654M	157M	582M	611.1M
Net Receivables	615M	437M	671M	1.0B	847M	889.4M
Common Stock Shares Outstanding	163.8M	158.0M	177.4M	176.5M	180.0M	102.4M
Liabilities And Stockholders Equity	23.5B	17.6B	22.9B	26.2B	29.0B	30.5B
Non Current Liabilities Total	7.4B	6.6B	8.2B	8.8B	9.5B	9.9B
Inventory	37M	33M	62M	67M	63M	66.2M
Other Stockholder Equity	12.4B	12.7B	14.1B	14.2B	14.1B	7.5B
Total Liab	8.6B	7.8B	9.7B	10.5B	11.6B	12.1B
Property Plant And Equipment Gross	21.8B	16.2B	34.2B	38.6B	43.1B	45.3B
Total Current Assets	869M	602M	1.4B	1.4B	1.6B	1.7B
Accumulated Other Comprehensive Income	(37.1M)	(74K)	(5.0B)	(7M)	(8M)	(8.4M)
Short Term Debt	119M	191M	45M	10M	206M	216.3M
Other Liab	2.0B	955M	1.6B	2.4B	2.8B	2.9B
Other Assets	333M	16.9B	220M	492M	565.8M	537.5M
Long Term Debt	5.4B	5.6B	6.6B	6.2B	6.6B	7.0B
Other Current Assets	43M	28M	59M	162M	129M	135.5M
Property Plant Equipment	21.8B	16.2B	20.6B	23.8B	27.3B	28.7B
Net Tangible Assets	13.2B	8.8B	12.1B	15.0B	17.3B	18.1B
Current Deferred Revenue	938M	725M	1.2B	64M	(160M)	(152M)
Noncontrolling Interest In Consolidated Entity	1.7B	1.0B	1.2B	681M	783.2M	608.7M
Retained Earnings	890M	(3.9B)	(2.0B)	801M	2.5B	2.6B
Retained Earnings Total Equity	890M	(3.9B)	(2.0B)	801M	720.9M	756.9M
Long Term Debt Total	5.4B	5.6B	6.6B	6.2B	7.2B	7.5B
Capital Surpluse	12.4B	12.7B	14.1B	14.2B	16.3B	17.2B
Deferred Long Term Liab	1.9B	840M	1.4B	2.2B	2.5B	2.7B

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When determining whether Diamondback Energy is a strong investment it is important to analyze Diamondback Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Diamondback Energy's future performance. For an informed investment choice regarding Diamondback Stock, refer to the following important reports:

How To Invest In Diamondback

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Is Diamondback Stock a good investment?

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What is Diamondback Energy's Net Worth?

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Largest Oil & Gas Exploration & Production Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamondback Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in Diamondback Stock please use our How to Invest in Diamondback Energy guide.

You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Diamondback Energy. If investors know Diamondback will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Diamondback Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.37)

Dividend Share

8.29

Earnings Share

17.32

Revenue Per Share

49.46

Quarterly Revenue Growth

0.087

The market value of Diamondback Energy is measured differently than its book value, which is the value of Diamondback that is recorded on the company's balance sheet. Investors also form their own opinion of Diamondback Energy's value that differs from its market value or its book value, called intrinsic value, which is Diamondback Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Diamondback Energy's market value can be influenced by many factors that don't directly affect Diamondback Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Diamondback Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamondback Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamondback Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Diamondback Free Cash Flow vs Net Income Analysis

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Income

Diamondback Energy fundamental ratios Correlations

Diamondback Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Diamondback Energy fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 1.0	Total Stockholder Equity

Other Assets	- 0.1	Cash And Short Term Investments
Other Assets	- 0.1	Cash
Other Current Assets	- 0.02	Other Assets
Other Assets	- 0.02	Total Current Assets
Other Assets	- 0.0	Accounts Payable