Can Diamondback Energy Outrun ConocoPhillips in the Next Rally?
ConocoPhillips surged 15% during the past Month. You may be tempted to buy more, or may want to reduce your exposure. But there is an entirely different perspective you might be missing. Is there a better alternative? Turns out, its peer Diamondback Energy gives you more. Diamondback Energy (FANG) stock offers superior revenue growth across key periods, better profitability, and relatively lower valuation vs ConocoPhillips (COP) stock, suggesting you may be better off investing in FANG
- FANG’s Last 12 Months revenue growth was 35.4%, vs. COP’s 7.7%.
- In addition, its Last 3-Year Average revenue growth came in at 18.3%, ahead of COP’s -7.8%.
- FANG leads on profitability over both periods – LTM margin of 32.9% and 3-year average of 42.5%.
These differences become even clearer when you look at the financials side by side. The table highlights how COP’s fundamentals stack up against those of FANG on growth, margins, momentum, and valuation multiples.
Valuation & Performance Overview
| COP | FANG | Preferred | |
|---|---|---|---|
| Valuation | |||
| P/EBIT Ratio | 13.8 | 11.1 | FANG |
| Revenue Growth | |||
| Last Quarter | -5.9% | -9.6% | COP |
| Last 12 Months | 7.7% | 35.4% | FANG |
| Last 3 Year Average | -7.8% | 18.3% | FANG |
| Operating Margins | |||
| Last 12 Months | 19.2% | 32.9% | FANG |
| Last 3 Year Average | 23.1% | 42.5% | FANG |
| Momentum | |||
| Last 3 Year Return | 46.2% | 69.2% | FANG |
Note: For “Last 3 Year Return” metric, preferred stock is one with higher returns unless the returns are too high (>300%) which creates risk of sell off.
See more revenue details: COP Revenue Comparison | FANG Revenue Comparison
See more margin details: COP Operating Income Comparison | FANG Operating Income Comparison
- EQT Looks Smarter Buy Than ConocoPhillips Stock
- Buy or Sell ConocoPhillips Stock?
- Why ConocoPhillips Stock Jumped 30%?
- Better Bet Than ConocoPhillips Stock: Pay Less To Get More From FANG, PR
- Better Bet Than ConocoPhillips Stock: Pay Less To Get More From FANG, PR
- How Will ConocoPhillips’ Stock React To Its Upcoming Earnings?
See detailed fundamentals on Buy or Sell FANG Stock and Buy or Sell COP Stock. Below we compare market return and related metrics across years.
Historical Market Performance
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | Avg | Best | |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| COP Return | 87% | 74% | 2% | -12% | -2% | 37% | 290% | ||
| FANG Return | 128% | 35% | 20% | 10% | -6% | 29% | 394% | <=== | |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 73% | ||
| Monthly Win Rates [3] | |||||||||
| COP Win Rate | 67% | 58% | 58% | 33% | 58% | 100% | 63% | ||
| FANG Win Rate | 83% | 50% | 67% | 67% | 67% | 100% | 72% | <=== | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | 60% | ||
| Max Drawdowns [4] | |||||||||
| COP Max Drawdown | -1% | 0% | -20% | -16% | -16% | 0% | -9% | ||
| FANG Max Drawdown | 0% | 0% | -8% | -4% | -27% | -7% | -8% | <=== | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | -8% | ||
[1] Cumulative total returns since the beginning of 2021
[2] 2026 data is for the year up to 3/23/2026 (YTD)
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
No matter how good the numbers, stock investment is never a smooth ride. There is a risk you must factor in. Read FANG Dip Buyer Analyses and COP Dip Buyer Analyses to see how these stocks have fallen and recovered in the past.
Still not sure about COP or FANG? Consider portfolio approach.
Portfolios Win When Stock Picks Fall Short
Single stocks swing wildly but staying invested matters. A well built portfolio helps you stay invested, captures upside and softens the blows from individual stocks.
The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? HQ Portfolio has posted more than 105% in cumulative return since inception, with less risk versus the benchmark index, as evident in HQ Portfolio performance metrics.