• Diamondback Energy average return on tangible equity for 2023 was 22.25, a 19.85% decline from 2022.
• Diamondback Energy average return on tangible equity for 2022 was 27.76, a 510.04% decline from 2021.
• Diamondback Energy average return on tangible equity for 2021 was -6.77, a 70.48% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.