Diamondback Energy, Inc. vs PEMBINA PIPELINE CORPORATION, two Oil & Gas stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Return on equity looks lopsided only because of Diamondback's distorted year: its 0.67% is an Endeavor-acquisition-charge artifact against Pembina's steady 10.1%, and normalized, Diamondback's Permian returns would tower over the pipeline's. The businesses differ in kind, Diamondback producing oil, Pembina tolling it through pipelines. Pembina nets 21.8% of revenue on contracted midstream economics; Diamondback's normalized margins are Permian-strong. Pembina trades at 24 times earnings, Diamondback's P/E is meaningless this year; both yield solid free cash, 8.85% and 16.2%. Pembina's contracted tolls earn steadily while Diamondback's barrels ride the oil price, and Diamondback should be read on its 16% cash yield, not its acquisition-crushed earnings.
Comparison updated 2026-07-11.
| Metric | FANG | PBA |
|---|---|---|
| Price | $179.74 | $47.20 |
| Market cap | $50.8B | $27.4B |
| Sector | Oil & Gas | Oil & Gas |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | +6.6% | -2.7% |
| P/E | 183.4 | 24.0 |
| P/B | 1.19 | 2.22 |
| P/S | 3.34 | 4.80 |
| EV/EBITDA | 13.1 | 13.2 |
| Revenue growth | +23.1% | +2.8% |
| Gross margin | — | 41.0% |
| Operating margin | 2.7% | 36.1% |
| Net margin | 1.9% | 21.8% |
| Return on equity | 0.7% | 10.1% |
| Return on assets | 0.4% | 4.8% |
| Return on invested capital | -0.4% | 12.9% |
| FCF yield | 16.2% | 8.8% |
| Dividend yield | 2.2% | — |
| Debt / equity | 0.33 | 0.00 |
| Current ratio | 0.56 | 0.61 |
| Altman Z (solvency) | 1.39 | 1.64 |
| Piotroski F (quality) | 8 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.