Devon Energy
DVN · Oil & Gas Exploration & Production
$51.39
4.5%Woodside Energy
WDS · Oil & Gas Exploration & Production
$23.66
3.5%The short version
- Devon Energy is the larger business, with $17.2B of revenue in fiscal 2025 against $13.0B for Woodside Energy.
- Devon Energy grew revenue faster (7.8%, against −1.5%).
- Devon Energy earned a higher return on the capital invested in it (13.0%, against 7.1%).
| Latest fiscal year | DVN · FY25 | WDS · FY25 |
|---|---|---|
| Size | ||
| Market cap | $48.3B | $45.3B |
| Revenue | $17.2B | $13.0B |
| Free cash flow | $3.1B | — |
| Net income | $2.6B | $2.7B |
| Growth | ||
| Revenue growth | 7.8% | −1.5% |
| 5-year growth | 28.9% | 29.3% |
| Share count change | −0.2% | 0.1% |
| Profitability | ||
| Gross margin | — | 34.9% |
| Operating margin | — | 30.0% |
| Net margin | 15.4% | 20.9% |
| FCF margin | 18.2% | — |
| Return on capital | 13.0% | 7.1% |
| Return on equity | 17.6% | 7.6% |
| Balance sheet | ||
| Net debt | $8.0B | $6.3B |
| Net debt / EBITDA | 1.1x | 0.7x |
| Dividends and buybacks | $1.7B | $2.1B |
| Valuation & quality | ||
| P/E | 12.2x | — |
| Piotroski F-score | 5 | 4 |
FY16
DVN $6.8B
WDS —
FY17
DVN $6.5B
WDS —
FY18
DVN $8.9B
WDS —
FY19
DVN $6.2B
WDS —
FY20
DVN $4.8B
WDS $3.6B
FY21
DVN $12.2B
WDS $7.0B
FY22
DVN $19.2B
WDS $16.8B
FY23
DVN $15.3B
WDS $14.0B
FY24
DVN $15.9B
WDS $13.2B
FY25
DVN $17.2B
WDS $13.0B
DVN
WDS
FY16
DVN −42.9%
WDS —
FY17
DVN —
WDS —
FY18
DVN —
WDS —
FY19
DVN —
WDS —
FY20
DVN —
WDS −143.6%
FY21
DVN —
WDS 50.2%
FY22
DVN —
WDS 54.6%
FY23
DVN —
WDS 23.6%
FY24
DVN —
WDS 34.3%
FY25
DVN —
WDS 30.0%
DVN
WDS
FY16
DVN $116M
WDS —
FY17
DVN $1.3B
WDS —
FY18
DVN −$533M
WDS —
FY19
DVN $133M
WDS —
FY20
DVN $311M
WDS —
FY21
DVN $2.9B
WDS —
FY22
DVN $6.0B
WDS —
FY23
DVN $2.7B
WDS —
FY24
DVN $3.0B
WDS —
FY25
DVN $3.1B
WDS —
DVN
WDS
FY16
DVN −10.8%
WDS —
FY17
DVN 1.6%
WDS —
FY18
DVN 6.4%
WDS —
FY19
DVN 1.2%
WDS —
FY20
DVN −30.8%
WDS —
FY21
DVN 32.9%
WDS —
FY22
DVN 40.9%
WDS 23.8%
FY23
DVN 23.2%
WDS 7.1%
FY24
DVN 15.6%
WDS 9.1%
FY25
DVN 13.0%
WDS 7.1%
DVN
WDS
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.