Devon Energy Corporation (DVN) vs Diamondback Energy, Inc. (FANG)

Devon Energy Corporation and Diamondback Energy, Inc. are both Oil & Gas E&P companies. Devon Energy Corporation and Diamondback Energy, Inc. are of similar size ($53.3B and $52.3B). Devon Energy Corporation trades at the lower P/E: 11.1× against 36.4×. Diamondback Energy, Inc. grew revenue faster over the last twelve months: 21.5% against 14.6%. Devon Energy Corporation has the higher net margin (16.7% vs 8.58%) and the higher return on invested capital (5.05% vs 1.20%). Both pay a dividend; Devon Energy Corporation yields more (6.72% vs 5.25%). Across the 22 metrics below, Devon Energy Corporation leads on 16 and Diamondback Energy, Inc. on 6.

Valuation

Metric DVN FANG Oil & Gas E&P median
P/E 11.12 36.39 10.57
P/S 2.24 3.07 1.80
P/B 1.06 1.19 1.27
Price to free cash flow 27.43 5.99 9.99
EV/EBITDA 6.56 10.22 5.08
EV/Sales 2.77 3.78 2.39
Earnings yield 8.99% 2.75% 6.06%
Free cash flow yield 3.65% 16.70% 6.17%

Profitability

Metric DVN FANG Oil & Gas E&P median
Gross margin 79.45% 84.75% 80.41%
Operating margin 21.39% 6.33% 21.39%
Net margin 16.67% 8.58% 14.17%
Free cash flow margin 8.17% 51.26% 9.71%
Return on equity 11.50% 3.38% 10.05%
Return on assets 6.41% 2.06% 5.81%
Return on invested capital 5.05% 1.20% 6.32%

Growth

Metric DVN FANG Oil & Gas E&P median
Revenue growth (TTM) 14.64% 21.45% 9.94%
EPS growth (last fiscal year) (8.55%) (63.10%) —
Revenue growth, 5-year CAGR 28.91% 39.81% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DVN FANG Oil & Gas E&P median
Debt to equity 0.27 0.29 0.28
Current ratio 0.72 0.47 0.96
Net debt to EBITDA 0.99 2.28 0.91

Dividend

Metric DVN FANG Oil & Gas E&P median
Dividend yield 6.72% 5.25% 4.93%
Payout ratio 0.62 0.47 0.07

Size

Metric DVN FANG Oil & Gas E&P median
Market cap 53.28b 52.34b 923.59m

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