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Side-by-side financial comparison of Diamondback Energy (FANG) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
Diamondback Energy is the larger business by last-quarter revenue ($3.4B vs $2.2B, roughly 1.5× RENAISSANCERE HOLDINGS LTD). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs -43.2%, a 66.7% gap on every dollar of revenue. On growth, Diamondback Energy posted the faster year-over-year revenue change (-9.0% vs -36.8%). Over the past eight quarters, Diamondback Energy's revenue compounded faster (23.1% CAGR vs -11.9%).
Diamondback Energy, headquartered in Midland, Texas, is an American company engaged in hydrocarbon exploration in the Permian Basin.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
FANG vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.4B | $2.2B |
| Net Profit | $-1.5B | $515.8M |
| Gross Margin | — | — |
| Operating Margin | -82.4% | — |
| Net Margin | -43.2% | 23.5% |
| Revenue YoY | -9.0% | -36.8% |
| Net Profit YoY | -235.8% | 72.6% |
| EPS (diluted) | $-4.99 | $6.57 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $2.2B | ||
| Q4 25 | $3.4B | $3.0B | ||
| Q3 25 | $3.9B | $3.2B | ||
| Q2 25 | $3.7B | $3.2B | ||
| Q1 25 | $4.0B | $3.5B | ||
| Q4 24 | $3.7B | $2.3B | ||
| Q3 24 | $2.6B | $4.0B | ||
| Q2 24 | $2.5B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $-1.5B | $760.5M | ||
| Q3 25 | $1.0B | $916.5M | ||
| Q2 25 | $699.0M | $835.4M | ||
| Q1 25 | $1.4B | $170.0M | ||
| Q4 24 | $1.1B | $-189.7M | ||
| Q3 24 | $659.0M | $1.2B | ||
| Q2 24 | $837.0M | $503.9M |
| Q1 26 | — | — | ||
| Q4 25 | -82.4% | 42.5% | ||
| Q3 25 | 31.5% | 46.3% | ||
| Q2 25 | 31.0% | 41.8% | ||
| Q1 25 | 41.3% | -2.0% | ||
| Q4 24 | 38.0% | -3.6% | ||
| Q3 24 | 26.8% | 43.7% | ||
| Q2 24 | 46.6% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | -43.2% | 25.6% | ||
| Q3 25 | 25.9% | 28.7% | ||
| Q2 25 | 19.0% | 26.1% | ||
| Q1 25 | 34.7% | 4.9% | ||
| Q4 24 | 28.9% | -8.3% | ||
| Q3 24 | 24.9% | 29.8% | ||
| Q2 24 | 33.7% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $-4.99 | $16.16 | ||
| Q3 25 | $3.51 | $19.40 | ||
| Q2 25 | $2.38 | $17.20 | ||
| Q1 25 | $4.83 | $3.27 | ||
| Q4 24 | $3.40 | $-3.76 | ||
| Q3 24 | $3.19 | $22.62 | ||
| Q2 24 | $4.66 | $9.41 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $104.0M | $1.6B |
| Total DebtLower is stronger | $13.7B | — |
| Stockholders' EquityBook value | $37.0B | $4.3B |
| Total Assets | $71.1B | $53.7B |
| Debt / EquityLower = less leverage | 0.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $104.0M | $1.7B | ||
| Q3 25 | $159.0M | $1.7B | ||
| Q2 25 | $219.0M | $1.4B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $161.0M | $1.7B | ||
| Q3 24 | $370.0M | $1.6B | ||
| Q2 24 | $6.9B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $13.7B | $2.3B | ||
| Q3 25 | $15.8B | $2.2B | ||
| Q2 25 | $15.1B | $2.3B | ||
| Q1 25 | $13.0B | $2.8B | ||
| Q4 24 | $12.1B | $1.9B | ||
| Q3 24 | $11.9B | $1.9B | ||
| Q2 24 | $12.0B | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $37.0B | $11.6B | ||
| Q3 25 | $39.1B | $11.5B | ||
| Q2 25 | $38.9B | $10.8B | ||
| Q1 25 | $38.5B | $10.3B | ||
| Q4 24 | $37.7B | $10.6B | ||
| Q3 24 | $37.4B | $11.2B | ||
| Q2 24 | $17.4B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $71.1B | $53.8B | ||
| Q3 25 | $76.2B | $54.5B | ||
| Q2 25 | $71.9B | $54.7B | ||
| Q1 25 | $70.1B | $53.6B | ||
| Q4 24 | $67.3B | $50.7B | ||
| Q3 24 | $65.7B | $52.8B | ||
| Q2 24 | $35.6B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.37× | 0.20× | ||
| Q3 25 | 0.41× | 0.19× | ||
| Q2 25 | 0.39× | 0.21× | ||
| Q1 25 | 0.34× | 0.27× | ||
| Q4 24 | 0.32× | 0.18× | ||
| Q3 24 | 0.32× | 0.17× | ||
| Q2 24 | 0.69× | 0.19× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.3B | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $483.0M | ||
| Q3 25 | $2.4B | $1.6B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $2.4B | $157.8M | ||
| Q4 24 | $2.3B | $778.9M | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.5B | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | 2.34× | 1.73× | ||
| Q2 25 | 2.40× | 1.76× | ||
| Q1 25 | 1.68× | 0.93× | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | 1.83× | 1.26× | ||
| Q2 24 | 1.83× | 2.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FANG
| Oil Explorationand Production | $2.7B | 81% |
| Oil Purchased | $308.0M | 9% |
| Natural Gas Liquids Production | $293.0M | 9% |
| Natural Gas Production | $4.0M | 0% |
RNR
Segment breakdown not available.
