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EQNR vs. FANG: Equinor vs. Diamondback Energy Stock Comparison

How do Equinor (EQNR) and Diamondback Energy (FANG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Equinor (EQNR) and Diamondback Energy (FANG) both belong to the Oil, Gas & Consumable Fuels industry, though EQNR is classified under Integrated Oil & Gas while FANG falls under Oil & Gas Exploration & Production.

Diamondback Energy (FANG) trades as ordinary local shares, while Equinor (EQNR) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Equinor (EQNR) and Diamondback Energy (FANG)
Profile ItemEQNRFANG
NameEquinor ASA Sponsored ADRDiamondback Energy Inc.
Country/RegionNorwayUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Exploration & Production
Market Capitalization99.39 billion USD49.96 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateJune 18, 2001October 12, 2012
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

EQNR
FANG
GSPC
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Equinor (EQNR) vs. Diamondback Energy (FANG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Equinor (EQNR) and Diamondback Energy (FANG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Equinor (EQNR) and Diamondback Energy (FANG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Equinor (EQNR) and Diamondback Energy (FANG)
MetricEQNRFANG
Total Return (1Y)78.03%26.99%
Total Return (3Y, Annualized)17.56%8.52%
Total Return (5Y, Annualized)17.66%14.17%

Risk Profile

Drawdown History

EQNR
FANG
GSPC
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Equinor (EQNR) vs. Diamondback Energy (FANG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Equinor (EQNR) and Diamondback Energy (FANG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinor (EQNR) and Diamondback Energy (FANG)
MetricEQNRFANG
Volatility (1Y, Annualized)40.50%33.77%
Beta (5Y)0.180.53
Max Drawdown (5Y)-34.57%-42.10%
Avg. Volume (3M)3.77M2.38M

Risk-Adjusted Performance

Risk-Return Positioning

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EQNR and FANG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Equinor (EQNR) and Diamondback Energy (FANG)
MetricEQNRFANG
Sharpe Ratio (1Y)1.820.67
Sortino Ratio (1Y)2.760.97

Profitability

ROE (TTM)

Equinor (EQNR) at 27.57% sits in the top ROE quartile, while Diamondback Energy (FANG) at 4.86% is closer to the peer norm — stronger capital efficiency for EQNR.

EQNR

Energy industry group

27.57%

Max
53.85%
EQNR
27.57%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%

FANG

Energy industry group

4.86%

Max
53.85%
Q3
24.79%
Median
12.85%
FANG
4.86%
Q1
2.03%
Min
-29.09%
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Equinor (EQNR) vs. Diamondback Energy (FANG): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Equinor (EQNR) at 9.79% and Diamondback Energy (FANG) at 11.62% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

EQNR

Energy industry group

9.79%

Max
56.92%
Q3
22.92%
Median
10.10%
EQNR
9.79%
Q1
0.07%
Min
-27.38%

FANG

Energy industry group

11.62%

Max
56.92%
Q3
22.92%
FANG
11.62%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Equinor (EQNR) vs. Diamondback Energy (FANG): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Equinor (EQNR) at 37.00% and Diamondback Energy (FANG) at 44.95% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

EQNR

Energy industry group

37.00%

Max
71.31%
EQNR
37.00%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%

FANG

Energy industry group

44.95%

Max
71.31%
FANG
44.95%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Equinor (EQNR) vs. Diamondback Energy (FANG): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Equinor (EQNR) and Diamondback Energy (FANG)
MetricEQNRFANG
ROE (TTM)27.57%4.86%
ROA (TTM)17.10%2.07%
Net Margin (TTM)9.79%11.62%
Operating Margin (TTM)37.00%44.95%
Gross Margin (TTM)43.18%73.62%

Growth

Revenue Growth

Diamondback Energy (FANG) at 35.44% sits in the top revenue growth quartile, while Equinor (EQNR) at 3.24% is closer to the peer norm — faster top-line expansion for FANG.

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Equinor (EQNR) vs. Diamondback Energy (FANG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Equinor (EQNR) at -37.62% is around its peer norm for EPS growth, while Diamondback Energy (FANG) at -63.10% drops into the bottom quartile, signaling weaker earnings momentum.

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Equinor (EQNR) vs. Diamondback Energy (FANG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Equinor (EQNR) and Diamondback Energy (FANG)
MetricEQNRFANG
Revenue Growth (YoY)3.24%35.44%
Revenue Growth (3Y CAGR)-10.78%15.99%
EPS Growth (YoY)-37.62%-63.10%
EPS Growth (3Y CAGR)-40.11%-38.48%

Financial Strength

Current Ratio (MRQ)

Equinor (EQNR) at 1.18 keeps current ratio within its industry’s typical mid-range, while Diamondback Energy (FANG) at 0.55 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for FANG.

EQNR

Energy industry group

1.18

Max
3.64
Q3
2.21
Median
1.41
EQNR
1.18
Q1
0.88
Min
0.24

FANG

Energy industry group

0.55

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
FANG
0.55
Min
0.24
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Equinor (EQNR) vs. Diamondback Energy (FANG): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Diamondback Energy (FANG) at 0.29 keeps leverage in the lower industry quartile, while Equinor (EQNR) at 0.66 runs a more typical debt-to-equity mix.

EQNR

Energy industry group

0.66

Max
1.75
Q3
0.93
EQNR
0.66
Median
0.54
Q1
0.30
Min
0.00

FANG

Energy industry group

0.29

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
FANG
0.29
Min
0.00
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Equinor (EQNR) vs. Diamondback Energy (FANG): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Equinor (EQNR) and Diamondback Energy (FANG)
MetricEQNRFANG
Current Ratio (MRQ)1.180.55
Debt / Equity (MRQ)0.660.29
Net Debt / EBITDA0.120.99

Dividends

Dividend Yield (TTM)

Equinor (EQNR) at 3.67% delivers top-quartile income for its industry, while Diamondback Energy (FANG) at 2.47% pays a more typical yield — both are credible income propositions, EQNR the richer one.

EQNR

Energy industry group

3.67%

Max
8.57%
EQNR
3.67%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

FANG

Energy industry group

2.47%

Max
8.57%
Q3
3.58%
FANG
2.47%
Median
1.71%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Diamondback Energy (FANG): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Equinor (EQNR) at 31.54% pays out a band-typical share of earnings, while Diamondback Energy (FANG) at 57.20% distributes more than its industry norm — less retained, thinner cover.

EQNR

Energy industry group

31.54%

Max
133.24%
Q3
53.31%
EQNR
31.54%
Median
25.24%
Q1
0.00%
Min
0.00%

FANG

Energy industry group

57.20%

Max
133.24%
FANG
57.20%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Diamondback Energy (FANG): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Equinor (EQNR) and Diamondback Energy (FANG)
MetricEQNRFANG
Dividend Yield (TTM)3.67%2.47%
Dividend Payout Ratio (TTM)31.54%57.20%

Valuation

P/E Ratio (TTM)

Equinor (EQNR) at 8.71 is near its industry’s usual P/E ratio, while Diamondback Energy (FANG) at 24.09 sits in the richer quartile — FANG needs stronger growth or earnings quality to justify the premium.

EQNR

Energy industry group

8.71

Max
39.54
Q3
21.72
Median
12.19
EQNR
8.71
Q1
7.71
Min
2.99

FANG

Energy industry group

24.09

Max
39.54
FANG
24.09
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Equinor (EQNR) vs. Diamondback Energy (FANG): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Equinor (EQNR) at 0.82 sits in the cheaper P/S ratio quartile while Diamondback Energy (FANG) at 2.83 prices around its industry’s middle — EQNR costs less per dollar of sales, though read it alongside growth and margins.

EQNR

Energy industry group

0.82

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
EQNR
0.82
Min
0.00

FANG

Energy industry group

2.83

Max
5.40
Q3
2.85
FANG
2.83
Median
1.69
Q1
0.88
Min
0.00
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Equinor (EQNR) vs. Diamondback Energy (FANG): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Diamondback Energy (FANG) at 1.28 sits near its industry’s typical P/B ratio, while Equinor (EQNR) at 4.44 prices above its benchmark range — EQNR looks rich relative to book.

EQNR

Energy industry group

4.44

EQNR
4.44
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

FANG

Energy industry group

1.28

Max
4.21
Q3
2.38
Median
1.51
FANG
1.28
Q1
1.08
Min
0.01
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Equinor (EQNR) vs. Diamondback Energy (FANG): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Equinor (EQNR) and Diamondback Energy (FANG)
MetricEQNRFANG
P/E Ratio (TTM)8.7124.09
P/S Ratio (TTM)0.822.83
P/B Ratio (MRQ)4.441.28
Free Cash Flow Yield (TTM)32.55%12.09%