ConocoPhillips (COP) vs Devon Energy Corporation (DVN)

ConocoPhillips and Devon Energy Corporation are both Oil & Gas E&P companies. ConocoPhillips is the larger, with a market value of $154.0B against $53.3B — 2.9× the size. Devon Energy Corporation trades at the lower P/E: 11.1× against 16.8×. Devon Energy Corporation grew revenue faster over the last twelve months: 14.6% against 8.48%. Devon Energy Corporation has the higher net margin (16.7% vs 14.2%) and the lower return on invested capital (5.05% vs 12.2%). Both pay a dividend; Devon Energy Corporation yields more (6.72% vs 2.63%). Across the 22 metrics below, ConocoPhillips leads on 11 and Devon Energy Corporation on 11.

Valuation

Metric COP DVN Oil & Gas E&P median
P/E 16.84 11.12 10.57
P/S 2.37 2.24 1.80
P/B 2.36 1.06 1.27
Price to free cash flow 12.70 27.43 9.99
EV/EBITDA 6.08 6.56 5.08
EV/Sales 2.61 2.77 2.39
Earnings yield 5.94% 8.99% 6.06%
Free cash flow yield 7.87% 3.65% 6.17%

Profitability

Metric COP DVN Oil & Gas E&P median
Gross margin 62.56% 79.45% 80.41%
Operating margin 24.14% 21.39% 21.39%
Net margin 14.17% 16.67% 14.17%
Free cash flow margin 18.63% 8.17% 9.71%
Return on equity 14.13% 11.50% 10.05%
Return on assets 7.50% 6.41% 5.81%
Return on invested capital 12.17% 5.05% 6.32%

Growth

Metric COP DVN Oil & Gas E&P median
Revenue growth (TTM) 8.48% 14.64% 9.94%
EPS growth (last fiscal year) (18.69%) (8.55%) —
Revenue growth, 5-year CAGR 26.16% 28.91% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric COP DVN Oil & Gas E&P median
Debt to equity 0.36 0.27 0.28
Current ratio 1.54 0.72 0.96
Net debt to EBITDA 0.64 0.99 0.91

Dividend

Metric COP DVN Oil & Gas E&P median
Dividend yield 2.63% 6.72% 4.93%
Payout ratio 0.37 0.62 0.07

Size

Metric COP DVN Oil & Gas E&P median
Market cap 153.96b 53.28b 923.59m

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