Devon Energy Corporation (DVN) vs Permian Resources Corporation (PR)

Devon Energy Corporation and Permian Resources Corporation are both Oil & Gas E&P companies. Devon Energy Corporation is the larger, with a market value of $47.2B against $17.9B — 2.6× the size. Devon Energy Corporation trades at the lower P/E: 10.2× against 10.9×. Permian Resources Corporation grew revenue faster over the last twelve months: 22.8% against 14.6%. Permian Resources Corporation has the higher net margin (25.0% vs 16.7%) and the higher return on invested capital (13.1% vs 5.05%). Both pay a dividend; Permian Resources Corporation yields more (2.94% vs 2.60%). Across the 22 metrics below, Permian Resources Corporation leads on 14 and Devon Energy Corporation on 8.

Valuation

Metric DVN PR Oil & Gas E&P median
P/E 10.18 10.95 9.67
P/S 2.05 2.82 1.76
P/B 0.97 1.46 1.19
Price to free cash flow 25.10 17.48 8.37
EV/EBITDA 6.11 5.11 4.59
EV/Sales 2.58 3.32 2.27
Earnings yield 9.83% 9.13% 7.55%
Free cash flow yield 3.98% 5.72% 3.98%

Profitability

Metric DVN PR Oil & Gas E&P median
Gross margin 79.45% 0.00% 79.54%
Operating margin 21.39% 40.06% 24.01%
Net margin 16.67% 25.04% 14.11%
Free cash flow margin 8.17% 16.14% 7.72%
Return on equity 11.50% 13.53% 8.99%
Return on assets 6.41% 8.76% 4.63%
Return on invested capital 5.05% 13.06% 6.33%

Growth

Metric DVN PR Oil & Gas E&P median
Revenue growth (TTM) 14.64% 22.75% 13.60%
EPS growth (last fiscal year) (8.55%) (11.72%) (10.17%)
Revenue growth, 5-year CAGR 28.91% 54.23% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DVN PR Oil & Gas E&P median
Debt to equity 0.27 0.00 0.29
Current ratio 0.72 0.50 0.92
Net debt to EBITDA 0.99 0.97 0.93

Dividend

Metric DVN PR Oil & Gas E&P median
Dividend yield 2.60% 2.94% 3.76%
Payout ratio 0.27 0.33 0.33

Size

Metric DVN PR Oil & Gas E&P median
Market cap 47.17b 17.87b 953.29m

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