Devon Energy Corporation (DVN) vs EQT Corporation (EQT)

Devon Energy Corporation and EQT Corporation are both Oil & Gas E&P companies. Devon Energy Corporation is the larger, with a market value of $54.2B against $32.8B — 1.7× the size. Devon Energy Corporation trades at the lower P/E: 12.0× against 12.5×. EQT Corporation grew revenue faster over the last twelve months: 32.3% against 14.6%. EQT Corporation has the higher net margin (28.4% vs 16.7%) and the higher return on invested capital (7.36% vs 5.05%). Both pay a dividend; Devon Energy Corporation yields more (2.21% vs 1.22%). Across the 22 metrics below, Devon Energy Corporation leads on 11 and EQT Corporation on 11.

Valuation

Metric DVN EQT Oil & Gas E&P median
P/E 11.98 12.51 11.01
P/S 2.41 3.56 1.98
P/B 1.14 1.18 1.30
Price to free cash flow 29.55 9.03 10.68
EV/EBITDA 6.97 5.86 5.09
EV/Sales 2.94 4.15 2.63
Earnings yield 8.35% 7.99% 5.78%
Free cash flow yield 3.38% 11.08% 4.91%

Profitability

Metric DVN EQT Oil & Gas E&P median
Gross margin 79.45% 79.26% 80.41%
Operating margin 21.39% 42.47% 21.39%
Net margin 16.67% 28.44% 14.17%
Free cash flow margin 8.17% 39.48% 8.18%
Return on equity 11.50% 10.05% 10.05%
Return on assets 6.41% 6.70% 5.81%
Return on invested capital 5.05% 7.36% 6.32%

Growth

Metric DVN EQT Oil & Gas E&P median
Revenue growth (TTM) 14.64% 32.32% 9.94%
EPS growth (last fiscal year) (8.55%) 635.56% (10.50%)
Revenue growth, 5-year CAGR 28.91% 23.09% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DVN EQT Oil & Gas E&P median
Debt to equity 0.27 0.20 0.28
Current ratio 0.72 0.67 0.96
Net debt to EBITDA 0.99 1.31 0.89

Dividend

Metric DVN EQT Oil & Gas E&P median
Dividend yield 2.21% 1.22% 3.29%
Payout ratio 0.27 0.15 0.35

Size

Metric DVN EQT Oil & Gas E&P median
Market cap 54.16b 32.81b 1.04b

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