vs
Side-by-side financial comparison of Diamondback Energy (FANG) and Block, Inc. (XYZ). Click either name above to swap in a different company.
Block, Inc. is the larger business by last-quarter revenue ($6.3B vs $3.4B, roughly 1.9× Diamondback Energy). Block, Inc. runs the higher net margin — 1.9% vs -43.2%, a 45.0% gap on every dollar of revenue. On growth, Block, Inc. posted the faster year-over-year revenue change (3.6% vs -9.0%). Over the past eight quarters, Diamondback Energy's revenue compounded faster (23.1% CAGR vs 2.4%).
Diamondback Energy, headquartered in Midland, Texas, is an American company engaged in hydrocarbon exploration in the Permian Basin.
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
FANG vs XYZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.4B | $6.3B |
| Net Profit | $-1.5B | $115.8M |
| Gross Margin | — | 45.9% |
| Operating Margin | -82.4% | 7.8% |
| Net Margin | -43.2% | 1.9% |
| Revenue YoY | -9.0% | 3.6% |
| Net Profit YoY | -235.8% | -94.1% |
| EPS (diluted) | $-4.99 | $0.19 |
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.
| Q4 25 | $3.4B | $6.3B | ||
| Q3 25 | $3.9B | $6.1B | ||
| Q2 25 | $3.7B | $6.1B | ||
| Q1 25 | $4.0B | $5.8B | ||
| Q4 24 | $3.7B | $6.0B | ||
| Q3 24 | $2.6B | $6.0B | ||
| Q2 24 | $2.5B | $6.2B | ||
| Q1 24 | $2.2B | $6.0B |
| Q4 25 | $-1.5B | $115.8M | ||
| Q3 25 | $1.0B | $461.5M | ||
| Q2 25 | $699.0M | $538.5M | ||
| Q1 25 | $1.4B | $189.9M | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $659.0M | $283.8M | ||
| Q2 24 | $837.0M | $195.3M | ||
| Q1 24 | $768.0M | $472.0M |
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 43.5% | ||
| Q2 25 | — | 41.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 36.3% | ||
| Q1 24 | — | 35.2% |
| Q4 25 | -82.4% | 7.8% | ||
| Q3 25 | 31.5% | 6.7% | ||
| Q2 25 | 31.0% | 8.0% | ||
| Q1 25 | 41.3% | 5.7% | ||
| Q4 24 | 38.0% | 0.2% | ||
| Q3 24 | 26.8% | 5.4% | ||
| Q2 24 | 46.6% | 5.0% | ||
| Q1 24 | 50.2% | 4.2% |
| Q4 25 | -43.2% | 1.9% | ||
| Q3 25 | 25.9% | 7.5% | ||
| Q2 25 | 19.0% | 8.9% | ||
| Q1 25 | 34.7% | 3.3% | ||
| Q4 24 | 28.9% | 32.3% | ||
| Q3 24 | 24.9% | 4.7% | ||
| Q2 24 | 33.7% | 3.2% | ||
| Q1 24 | 34.5% | 7.9% |
| Q4 25 | $-4.99 | $0.19 | ||
| Q3 25 | $3.51 | $0.74 | ||
| Q2 25 | $2.38 | $0.87 | ||
| Q1 25 | $4.83 | $0.30 | ||
| Q4 24 | $3.40 | $3.06 | ||
| Q3 24 | $3.19 | $0.45 | ||
| Q2 24 | $4.66 | $0.31 | ||
| Q1 24 | $4.28 | $0.74 |
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 | $6.6B |
| Total DebtLower is stronger | $13.7B | — |
| Stockholders' EquityBook value | $37.0B | $22.2B |
| Total Assets | $71.1B | $39.5B |
| Debt / EquityLower = less leverage | 0.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.0M | $6.6B | ||
| Q3 25 | $159.0M | $8.3B | ||
| Q2 25 | $219.0M | $6.4B | ||
| Q1 25 | $1.8B | $7.1B | ||
| Q4 24 | $161.0M | $8.1B | ||
| Q3 24 | $370.0M | $8.3B | ||
| Q2 24 | $6.9B | $7.8B | ||
| Q1 24 | $896.0M | $5.8B |
| Q4 25 | $13.7B | — | ||
| Q3 25 | $15.8B | $7.3B | ||
| Q2 25 | $15.1B | $5.1B | ||
| Q1 25 | $13.0B | $5.1B | ||
| Q4 24 | $12.1B | $6.1B | ||
| Q3 24 | $11.9B | $6.1B | ||
| Q2 24 | $12.0B | $6.1B | ||
| Q1 24 | $6.6B | $4.1B |
| Q4 25 | $37.0B | $22.2B | ||
| Q3 25 | $39.1B | $22.5B | ||
| Q2 25 | $38.9B | $22.2B | ||
| Q1 25 | $38.5B | $21.5B | ||
| Q4 24 | $37.7B | $21.3B | ||
| Q3 24 | $37.4B | $19.9B | ||
| Q2 24 | $17.4B | $19.3B | ||
| Q1 24 | $16.9B | $19.0B |
| Q4 25 | $71.1B | $39.5B | ||
| Q3 25 | $76.2B | $39.2B | ||
| Q2 25 | $71.9B | $36.9B | ||
| Q1 25 | $70.1B | $36.4B | ||
| Q4 24 | $67.3B | $36.8B | ||
| Q3 24 | $65.7B | $36.4B | ||
| Q2 24 | $35.6B | $37.5B | ||
| Q1 24 | $29.7B | $35.6B |
| Q4 25 | 0.37× | — | ||
| Q3 25 | 0.41× | 0.32× | ||
| Q2 25 | 0.39× | 0.23× | ||
| Q1 25 | 0.34× | 0.24× | ||
| Q4 24 | 0.32× | 0.29× | ||
| Q3 24 | 0.32× | 0.31× | ||
| Q2 24 | 0.69× | 0.32× | ||
| Q1 24 | 0.39× | 0.22× |
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 | $621.0M |
| Free Cash FlowOCF − Capex | — | $579.8M |
| FCF MarginFCF / Revenue | — | 9.3% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | 5.36× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | $621.0M | ||
| Q3 25 | $2.4B | $1.5B | ||
| Q2 25 | $1.7B | $374.3M | ||
| Q1 25 | $2.4B | $133.3M | ||
| Q4 24 | $2.3B | $13.8M | ||
| Q3 24 | $1.2B | $684.8M | ||
| Q2 24 | $1.5B | $519.4M | ||
| Q1 24 | $1.3B | $489.4M |
| Q4 25 | — | $579.8M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $343.0M | ||
| Q1 25 | — | $101.5M | ||
| Q4 24 | — | $-13.2M | ||
| Q3 24 | — | $628.2M | ||
| Q2 24 | — | $481.0M | ||
| Q1 24 | — | $457.4M |
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | -0.2% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | — | 5.36× | ||
| Q3 25 | 2.34× | 3.14× | ||
| Q2 25 | 2.40× | 0.70× | ||
| Q1 25 | 1.68× | 0.70× | ||
| Q4 24 | 2.18× | 0.01× | ||
| Q3 24 | 1.83× | 2.41× | ||
| Q2 24 | 1.83× | 2.66× | ||
| Q1 24 | 1.74× | 1.04× |
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
