12 High Growth Non-Tech Stocks That Are Profitable in 2025

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5. Diamondback Energy, Inc. (NASDAQ:FANG)

5-Year Sales Growth: 21.73%

5-Year Net Income Growth: 69.30%

TTM Net Income: $3.32 Billion

Number of Hedge Fund Holders: 53

Diamondback Energy, Inc. (NASDAQ:FANG) is an independent oil and natural gas company that focuses on the acquisition, development, and exploration of unconventional, onshore oil and natural gas reserves in the Permian Basin. It specializes in horizontal drilling within formations like Wolfcamp, Spraberry, and Bone Spring.

On March 18, Barclays analyst Betty Jiang maintained a Buy rating on the stock with a price target of $200. Diamondback Energy, Inc. (NASDAQ:FANG) achieved significant operational milestones during the fiscal fourth quarter of 2024. It drilled 131 gross wells in the Midland Basin and six in the Delaware Basin, producing an average of 475.9 MBO/d. This resulted in a net income of $1.1 billion.

Diamondback Energy, Inc. (NASDAQ:FANG) is executing a significant drawdown of drilled but uncompleted wells. This strategy is expected to yield approximately $200 million in capital savings for the year. By completing these wells, the company can reduce future drilling costs and accelerate production without incurring additional drilling expenses. It is one of the high-growth non-tech stocks that are profitable in 2025.

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