Devon Energy vs Diamondback Energy
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KIRAβs take AI analyst
I put Devon Energy and Diamondback Energy side by side, using each oneβs latest annual report. Here is what stands out:
- Devon Energy is the larger business, with $17.2B of revenue in fiscal 2025 against $15.0B for Diamondback Energy.
- Diamondback Energy grew revenue faster (35.8%, against 7.8%).
- Devon Energy earned a higher return on the capital invested in it (13.0%, against 1.9%).
- Investors pay more for each dollar of Diamondback Energyβs earnings: a P/E of 39.4x against 12.3x for Devon Energy.
Who comes out ahead
Of the 8 measures where higher (or lower) is clearly better, how many each company leads.
Devon Energy
DVN
6/8
Net marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDAShare count change
Diamondback Energy
FANG
2/8
Revenue growth5-year growth
Side by side
Best in the row
| Latest fiscal year | DVN FY25 | FANG FY25 |
|---|---|---|
| Size | ||
| Market cap | $48.5B | $58.2B |
| Revenue | $17.2B | $15.0B |
| Free cash flow | $3.1B | β |
| Net income | $2.6B | $1.7B |
| Growth | ||
| Revenue growth | 7.8% | 35.8% |
| 5-year growth | 28.9% | 39.8% |
| Share count change | β0.2% | 35.4% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | 8.4% |
| Net margin | 15.4% | 11.1% |
| FCF margin | 18.2% | β |
| Return on capital | 13.0% | 1.9% |
| Return on equity | 17.6% | 4.5% |
| Balance sheet | ||
| Net debt | $8.0B | $14.4B |
| Net debt / EBITDA | 1.1x | 2.3x |
| Dividends and buybacks | $1.7B | $1.2B |
| Valuation & quality | ||
| P/E | 12.3x | 39.4x |
| Piotroski F-score | 5 | 4 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.