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 $47.2B against $31.7B — 1.5× the size. Devon Energy Corporation trades at the lower P/E: 10.2× against 12.0×. EQT Corporation grew revenue faster over the last twelve months: 18.6% against 14.6%. EQT Corporation has the higher net margin (28.4% vs 16.7%) and the higher return on invested capital (7.08% vs 5.05%). Both pay a dividend; Devon Energy Corporation yields more (2.60% vs 1.31%). 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 10.18 11.96 9.67
P/S 2.05 3.40 1.76
P/B 0.97 1.10 1.19
Price to free cash flow 25.10 8.35 8.37
EV/EBITDA 6.11 5.70 4.59
EV/Sales 2.58 4.00 2.27
Earnings yield 9.83% 8.36% 7.55%
Free cash flow yield 3.98% 11.98% 3.98%

Profitability

Metric DVN EQT Oil & Gas E&P median
Gross margin 79.45% 78.89% 79.54%
Operating margin 21.39% 41.78% 24.01%
Net margin 16.67% 28.40% 14.11%
Free cash flow margin 8.17% 40.78% 7.72%
Return on equity 11.50% 9.51% 8.99%
Return on assets 6.41% 6.42% 4.63%
Return on invested capital 5.05% 7.08% 6.33%

Growth

Metric DVN EQT Oil & Gas E&P median
Revenue growth (TTM) 14.64% 18.61% 13.60%
EPS growth (last fiscal year) (8.55%) 635.56% (10.17%)
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 0.19 0.29
Current ratio 0.72 0.71 0.92
Net debt to EBITDA 0.99 1.31 0.93

Dividend

Metric DVN EQT Oil & Gas E&P median
Dividend yield 2.60% 1.31% 3.76%
Payout ratio 0.27 0.16 0.33

Size

Metric DVN EQT Oil & Gas E&P median
Market cap 47.17b 31.67b 953.29m

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