Diversified Energy Company PLC (DEC) Key Metrics
DEC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.02B
- Enterprise value
- $3.94B
- P/E (TTM)
- 2.4
- Forward P/E
- 4.7
- PEG ratio
- —
- Price / sales
- 0.5 10-yr median 0.9
- Price / book
- 1.0 10-yr median 1.2
- EV / EBITDA
- 3.6 10-yr median 9.6
- Dividend yield
- 7.82% $1.16 a year
- Beta
- 0.35
DEC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDEC valuation Price multiples at each fiscal year-end price.
DEC returns How much profit the business earns on the capital it uses.
DEC per-share figures Results divided by the shares outstanding at year-end.
DEC financial health Debt, liquidity and how easily interest is covered.
DEC efficiency & capital use Working capital cycle and where the cash goes.
DEC valuation history
DEC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DEC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DEC cash returned to shareholders
DEC price vs earnings per share
DEC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.08B | $799.0M | $712.7M | $1.18B | $1.15B | $1.06B | — | — | — | — |
| Enterprise value | $4.08B | $2.53B | $2.02B | $2.64B | $2.18B | $1.80B | — | — | — | — |
| P/E ratio | 3.2 | — | 0.9 | — | — | — | — | — | — | — |
| Price / sales | 0.7 | 1.0 | 0.8 | 0.6 | 1.2 | 2.6 | — | — | — | — |
| Price / book | 1.1 | 1.8 | 1.2 | — | 1.8 | 1.2 | — | — | — | — |
| Price / free cash flow | 3.9 | 2.7 | 2.1 | 3.9 | 4.3 | 4.9 | — | — | — | — |
| Price / operating cash flow | 2.3 | 2.3 | 1.7 | 3.0 | 3.6 | 4.4 | — | — | — | — |
| EV / sales | 2.5 | 3.2 | 2.3 | 1.4 | 2.2 | 4.4 | — | — | — | — |
| EV / EBITDA | 4.4 | 14.9 | 1.5 | — | — | 77.2 | — | — | — | — |
| EV / free cash flow | 14.6 | 8.6 | 6.0 | 8.8 | 8.1 | 8.3 | — | — | — | — |
| Earnings yield | 31.7% | −11.0% | 106.4% | −52.9% | −28.3% | −2.2% | — | — | — | — |
| Free cash flow yield | 26.0% | 36.7% | 47.1% | 25.5% | 23.5% | 20.4% | — | — | — | — |
| Dividend yield | 7.9% | 10.5% | 23.6% | 12.1% | 11.3% | 9.3% | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 17.1% | 13.1% | 25.1% | 15.1% | 11.4% | 10.7% | — | — | — | — |
| Share price at fiscal year-end | $14.48 | $16.80 | $15.00 | $28.00 | $29.00 | $31.00 | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $21.64 | $16.71 | $18.27 | $45.48 | $24.62 | $11.93 | $14.34 | $14.94 | — | — |
| Earnings per share | $4.59 | −$1.86 | $15.95 | −$14.82 | −$8.20 | −$0.69 | $3.08 | $10.37 | — | — |
| Operating cash flow per share | $6.24 | $7.27 | $8.63 | $9.19 | $8.07 | $7.06 | $8.66 | $4.52 | — | — |
| Free cash flow per share | $3.76 | $6.17 | $7.07 | $7.15 | $6.81 | $6.33 | $7.66 | $3.57 | — | — |
| Cash per share | $0.40 | $0.13 | $0.08 | $0.17 | $0.32 | $0.04 | $0.05 | $0.07 | — | — |
| Book value per share | $13.21 | $9.52 | $12.33 | −$3.62 | $16.32 | $25.88 | $29.10 | $38.61 | — | — |
| Tangible book value per share | $13.15 | $9.20 | $11.92 | −$4.12 | $15.96 | $25.32 | $28.60 | $38.61 | — | — |
| Dividends per share | $1.14 | $1.76 | $3.54 | $3.40 | $3.28 | $2.88 | $2.55 | $1.61 | — | — |
| Capex per share | $2.48 | $1.10 | $1.56 | $2.04 | $1.26 | $0.73 | $1.00 | $0.95 | — | — |
| Debt per share | $40.65 | $36.54 | $27.52 | $34.81 | $26.17 | $21.49 | $19.37 | $25.07 | — | — |
| Shares outstanding | 74.5M | 47.6M | 47.5M | 42.2M | 39.7M | 34.3M | 32.2M | 19.4M | — | — |
| Change in shares outstanding | +56.6% | +0.1% | +12.6% | +6.4% | +15.8% | +6.3% | +66.2% | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 47.6% | −17.0% | 350.0% | — | −42.4% | −2.6% | 11.8% | 48.0% | 18.0% | — |
| Return on invested capital (ROIC) | 7.9% | −1.7% | 55.1% | −35.6% | −22.4% | −3.9% | 5.8% | 32.8% | 16.8% | 30.2% |
| Return on assets (ROA) | 6.7% | −2.4% | 20.8% | −17.1% | −11.2% | −1.1% | 5.6% | 22.5% | 5.6% | 26.7% |
| Return on tangible assets | 5.5% | −2.2% | 21.9% | −16.4% | −9.3% | −1.0% | 5.0% | 12.9% | 3.9% | 20.6% |
| Free cash flow margin | 17.4% | 36.9% | 38.7% | 15.7% | 27.6% | 53.1% | 53.4% | 23.9% | −199.4% | −22.8% |
| Income quality (OCF / net income) | 1.36 | — | 0.54 | — | — | — | 2.81 | 0.44 | 0.78 | 0.29 |
| Financial health | ||||||||||
| Total debt | $3.03B | $1.74B | $1.31B | $1.47B | $1.04B | $736.1M | $624.3M | $486.4M | $72.2M | $37.7M |
| Cash & short-term investments | $29.7M | $6.0M | $3.8M | $7.3M | $12.6M | $1.4M | $1.7M | $1.4M | $15.2M | $224,000 |
| Net debt | $3.00B | $1.73B | $1.30B | $1.46B | $1.03B | $734.7M | $622.7M | $485.0M | $57.0M | $37.5M |
| Debt / equity | 3.08 | 3.84 | 2.23 | — | 1.60 | 0.83 | 0.67 | 0.65 | 0.80 | 4.12 |
| Debt / assets | 0.49 | 0.43 | 0.38 | 0.38 | 0.30 | 0.32 | 0.31 | 0.31 | 0.32 | 0.44 |
| Net debt / EBITDA | 3.25 | 10.18 | 0.96 | — | — | 31.57 | 2.34 | 1.52 | 1.39 | 0.96 |
| Current ratio | 0.60 | 0.40 | 0.48 | 0.31 | 0.44 | 0.48 | 1.26 | 1.74 | 1.93 | 0.12 |
| Quick ratio | 0.58 | 0.39 | 0.46 | 0.30 | 0.42 | 0.45 | 1.22 | 1.65 | 1.93 | 0.12 |
| Interest coverage | 1.2 | -0.3 | 8.7 | -6.6 | -9.1 | -1.8 | 2.9 | 16.7 | 3.1 | 6.8 |
| Working capital | −$425.5M | −$455.7M | −$333.8M | −$777.4M | −$436.5M | −$102.0M | $33.5M | $47.3M | $14.3M | −$33.9M |
| Invested capital | $3.98B | $2.18B | $1.89B | $1.31B | $1.67B | $1.62B | $1.56B | $1.23B | $146.6M | $46.7M |
| Tangible asset value | $990.7M | $449.4M | $579.1M | −$158.8M | $649.8M | $867.4M | $922.2M | $748.9M | $89.7M | $9.2M |
| Net current asset value | −$4.52B | −$3.23B | −$2.57B | −$3.61B | −$2.49B | −$1.31B | −$907.4M | −$696.5M | −$109.4M | −$72.1M |
| Graham number | $36.94 | — | $66.53 | — | — | — | $44.93 | $94.91 | — | — |
| Graham net-net per share | −$66.07 | −$70.49 | −$57.36 | −$88.48 | −$65.55 | −$39.38 | −$31.27 | −$38.42 | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $85.0M | $83.9M | $168.0M | $143.5M | $130.2M | $98.5M | $82.2M | $31.3M | $5.8M | $956,000 |
| Share buybacks (net) | $99.5M | $21.1M | $11.0M | $34.7M | $1.4M | $15.6M | $52.9M | — | — | — |
| Dividend payout ratio | 24.9% | — | 22.2% | — | — | — | 82.6% | 15.6% | 65.1% | 5.4% |
| Dividends + buybacks / free cash flow | 65.9% | 35.8% | 53.3% | 59.1% | 48.8% | 52.6% | 54.7% | 45.2% | — | — |
| Capex / revenue | 11.5% | 6.6% | 8.6% | 4.5% | 5.1% | 6.1% | 7.0% | 6.4% | 216.0% | 50.9% |
| Capex / operating cash flow | 39.7% | 15.1% | 18.1% | 22.2% | 15.7% | 10.3% | 11.6% | 21.1% | 1,303.4% | 181.3% |
| Capex / depreciation | 0.45 | 0.20 | 0.33 | 0.39 | 0.30 | 0.21 | 0.33 | 0.44 | 12.86 | 2.30 |
| Stock-based compensation / revenue | 0.6% | 1.0% | 0.7% | 0.4% | 0.8% | 1.2% | 0.7% | 0.3% | 0.1% | 1.9% |
| SG&A / revenue | 10.4% | 2.8% | 2.0% | 5.2% | 7.5% | 15.6% | 4.4% | 4.2% | 5.1% | 4.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 58.2 | 97.5 | 102.4 | 55.1 | 65.4 | 62.9 | 60.2 | 58.2 | 74.3 | 44.2 |
| Days of inventory on hand | 5.7 | 4.6 | 4.7 | 5.1 | 6.3 | 6.5 | 10.5 | 18.9 | 0.0 | 4.7 |
| Days payables outstanding | 44.3 | 69.0 | 38.4 | 41.5 | 32.1 | 20.4 | 26.2 | 41.1 | 36.4 | 54.8 |
| Cash conversion cycle (days) | 19.6 | 33.2 | 68.6 | 18.7 | 39.5 | 49.0 | 44.5 | 36.0 | 37.9 | -5.9 |
| Receivables turnover | 6.27 | 3.74 | 3.57 | 6.62 | 5.58 | 5.80 | 6.07 | 6.27 | 4.91 | 8.25 |
| Payables turnover | 8.24 | 5.29 | 9.51 | 8.79 | 11.35 | 17.89 | 13.94 | 8.89 | 10.02 | 6.66 |
| Inventory turnover | 64.18 | 78.69 | 77.99 | 71.57 | 58.23 | 55.98 | 34.74 | 19.30 | 27,921,000.00 | 77.99 |
| Asset turnover | 0.32 | 0.21 | 0.24 | 0.52 | 0.34 | 0.19 | 0.26 | 0.32 | 0.27 | 0.28 |
| Average receivables | $257.1M | $212.3M | $243.5M | $289.9M | $175.0M | $70.5M | $76.2M | $46.2M | $8.5M | $2.2M |
| Average payables | $145.6M | $129.5M | $70.0M | $76.0M | $40.4M | $18.0M | $13.0M | $5.8M | $2.8M | $2.5M |
| Average inventory | $18.7M | $8.7M | $8.5M | $9.3M | $7.9M | $5.7M | $5.2M | $2.7M | $1 | $215,500 |
| Intangibles / total assets | 0.1% | 0.4% | 0.6% | 0.6% | 0.4% | 0.8% | 0.8% | 0.0% | 0.0% | 0.0% |
Computed from DEC's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DEC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Diversified Energy traded at 3.2 times earnings. Based on the latest twelve months, the trailing P/E is 2.4 and the forward P/E is 4.7. Diversified Energy earned a return on equity of 47.6% and a return on invested capital of 7.9% in fiscal 2025. It ended the year with $3.0 billion of debt and $29.7 million in cash and short-term investments, net debt of $3.0 billion. It returned $184.5 million to shareholders: $85.0 million in dividends and $99.5 million in share buybacks, 66% of free cash flow.
See the DEC income statement, the DEC chart for price history, or the DEC stock overview for the latest quote and news.
DEC key metrics FAQ
What is Diversified Energy's P/E ratio?
Diversified Energy's trailing P/E ratio is 2.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 4.7. At the end of fiscal 2025 it was 3.2.
What is Diversified Energy's EV/EBITDA?
Diversified Energy's enterprise value was 4.4 times EBITDA at the end of fiscal 2025 (enterprise value $4.1 billion, EBITDA $923.8 million); the current EV/EBITDA is 3.6.
What is Diversified Energy's return on equity?
Diversified Energy's return on equity (ROE) was 47.6% in fiscal 2025: net income of $341.9 million on average shareholders' equity of $718.4 million.
What is Diversified Energy's ROIC?
Diversified Energy's return on invested capital was 7.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Diversified Energy have?
Diversified Energy had total debt of $3.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 3.08 and $3.0 billion of net debt (3.25 times EBITDA).
What is Diversified Energy's dividend yield?
Diversified Energy's forward dividend yield is 7.82%. Diversified Energy paid $85.0 million in dividends in fiscal 2025 ($1.14 per share), a payout ratio of 24.9%.
Does Diversified Energy buy back its shares?
Yes. Diversified Energy spent $99.5 million on net share repurchases in fiscal 2025 Shares outstanding changed +56.6% over the year, to 74.5M..
What is Diversified Energy's free cash flow yield?
Diversified Energy generated $280.0 million of free cash flow in fiscal 2025, a free cash flow yield of 26.0% on its market value at year-end ($1.1 billion).
What is Diversified Energy's current ratio?
Diversified Energy's current ratio was 0.60 at the end of fiscal 2025: current assets were 0.60 times current liabilities.