Devon Energy Corporation (DVN) vs Expand Energy Corporation (EXE)

Devon Energy Corporation and Expand Energy Corporation are both Oil & Gas E&P companies. Devon Energy Corporation is the larger, with a market value of $54.2B against $21.0B — 2.6× the size. Expand Energy Corporation trades at the lower P/E: 8.0× against 12.0×. Expand Energy Corporation grew revenue faster over the last twelve months: 59.3% against 14.6%. Expand Energy Corporation has the higher net margin (20.5% vs 16.7%) and the higher return on invested capital (10.3% vs 5.05%). Only Devon Energy Corporation pays a dividend (2.21%). Across the 22 metrics below, Expand Energy Corporation leads on 19 and Devon Energy Corporation on 3.

Valuation

Metric DVN EXE Oil & Gas E&P median
P/E 11.98 8.02 11.01
P/S 2.41 1.64 1.98
P/B 1.14 1.15 1.30
Price to free cash flow 29.55 8.64 10.68
EV/EBITDA 6.97 4.06 5.09
EV/Sales 2.94 1.92 2.63
Earnings yield 8.35% 12.46% 5.78%
Free cash flow yield 3.38% 11.57% 4.91%

Profitability

Metric DVN EXE Oil & Gas E&P median
Gross margin 79.45% 80.66% 80.41%
Operating margin 21.39% 26.94% 21.39%
Net margin 16.67% 20.46% 14.17%
Free cash flow margin 8.17% 18.94% 8.18%
Return on equity 11.50% 14.89% 10.05%
Return on assets 6.41% 9.97% 5.81%
Return on invested capital 5.05% 10.25% 6.32%

Growth

Metric DVN EXE Oil & Gas E&P median
Revenue growth (TTM) 14.64% 59.29% 9.94%
EPS growth (last fiscal year) (8.55%) 266.37% (10.50%)
Revenue growth, 5-year CAGR 28.91% 18.27% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DVN EXE Oil & Gas E&P median
Debt to equity 0.27 0.19 0.28
Current ratio 0.72 0.96 0.96
Net debt to EBITDA 0.99 0.82 0.89

Dividend

Metric DVN EXE Oil & Gas E&P median
Dividend yield 2.21% 0.00% 3.29%
Payout ratio 0.27 0.00 0.35

Size

Metric DVN EXE Oil & Gas E&P median
Market cap 54.16b 21.02b 1.04b

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