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 $47.2B against $19.7B — 2.4× the size. Expand Energy Corporation trades at the lower P/E: 7.4× against 10.2×. Expand Energy Corporation grew revenue faster over the last twelve months: 28.2% against 14.6%. Expand Energy Corporation has the higher net margin (19.8% vs 16.7%) and the higher return on invested capital (9.35% vs 5.05%). Only Devon Energy Corporation pays a dividend (2.60%). 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 10.18 7.39 9.67
P/S 2.05 1.42 1.76
P/B 0.97 1.02 1.19
Price to free cash flow 25.10 7.67 8.37
EV/EBITDA 6.11 3.95 4.59
EV/Sales 2.58 1.80 2.27
Earnings yield 9.83% 13.54% 7.55%
Free cash flow yield 3.98% 13.04% 3.98%

Profitability

Metric DVN EXE Oil & Gas E&P median
Gross margin 79.45% 80.61% 79.54%
Operating margin 21.39% 25.71% 24.01%
Net margin 16.67% 19.78% 14.11%
Free cash flow margin 8.17% 18.57% 7.72%
Return on equity 11.50% 14.62% 8.99%
Return on assets 6.41% 9.60% 4.63%
Return on invested capital 5.05% 9.35% 6.33%

Growth

Metric DVN EXE Oil & Gas E&P median
Revenue growth (TTM) 14.64% 28.21% 13.60%
EPS growth (last fiscal year) (8.55%) 266.37% (10.17%)
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 0.24 0.29
Current ratio 0.72 0.90 0.92
Net debt to EBITDA 0.99 0.82 0.93

Dividend

Metric DVN EXE Oil & Gas E&P median
Dividend yield 2.60% 0.00% 3.76%
Payout ratio 0.27 0.00 0.33

Size

Metric DVN EXE Oil & Gas E&P median
Market cap 47.17b 19.71b 953.29m

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