Is AM or DVN cheaper?

On trailing earnings, DVN is cheaper: AM trades at a 26.97 P/E and DVN at 11.76.

Which has grown faster, AM or DVN?

Over the past five years, DVN grew revenue faster — AM at a 5.93% CAGR versus DVN at 28.13%.

Does AM or DVN pay a bigger dividend?

AM yields 3.88% and DVN yields 3.03% based on trailing dividends and the latest price.

Is AM or DVN more profitable?

AM runs the higher net margin — AM at 31.94% versus DVN at 13.71%.

Which has been the better investment, AM or DVN?

Over the past 5-year, AM delivered the higher annualized total return — AM at 25.67% versus DVN at 5.43%. Past performance doesn't predict future results.

Antero Midstream Corporation (AM) vs Devon Energy Corporation (DVN)

DVN leads on 10 of 16 compared metrics.

A side-by-side comparison of Antero Midstream Corporation and Devon Energy Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 29, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Antero Midstream Corporation

$11.01B

$23.19Energy

DVN

Devon Energy Corporation

$26.23B

$42.21Energy

Total return — AM vs DVN

growth of $100 · last 9y

AM -31.3%DVN +8.6%DVN compounded faster

AM DVN

AM vs DVN: by the numbers

•DVN is the larger company ($26.23B vs $11.01B market cap).
•DVN trades at the lower earnings multiple (11.76 vs 26.97 P/E).
•AM converts more revenue to profit (31.94% vs 13.71% net margin).
•DVN grew revenue faster over the past five years (28.13% vs 5.93% CAGR).
•AM pays the higher dividend yield (3.88% vs 3.03%).

Which is better, AM or DVN?

Metric tally: AM 6 · DVN 10

It depends on what you're optimizing for:

ValueDVN(lower P/E)

GrowthDVN(faster 5Y revenue CAGR)

IncomeAM(higher dividend yield)

QualityDVN(higher ROIC)

Metrics side by side

Valuation

Metric	AM	DVN
P/E ratio	26.97	11.76●
Forward P/E	18.22	7.68●
P/S ratio	8.62	1.59●
P/B ratio	5.72	1.70●
PEG ratio	5.72	—
EV / EBITDA	15.57	4.93●
FCF yield	8.26%	10.22%●

Profitability

Metric	AM	DVN
Gross margin	64.52%●	22.13%
Operating margin	57.56%●	18.84%
Net margin	31.94%●	13.71%
ROE	21.21%●	14.70%
ROIC	8.18%	10.46%●

Dividends

Metric	AM	DVN
Dividend yield	3.88%●	3.03%
Payout ratio	104.65%	30.40%

Growth (annualized)

Metric	AM	DVN
Revenue CAGR (5Y)	5.93%	28.13%●
EPS CAGR (5Y)	-13.48%	-5.25%●
FCF CAGR (5Y)	7.24%	53.32%●
Total return CAGR (5Y)	25.67%●	12.71%

Frequently asked

Which is better, AM or DVN?: It depends on your goal. value: DVN (lower P/E); growth: DVN (faster 5Y revenue CAGR); income: AM (higher dividend yield); quality: DVN (higher ROIC). Across all compared metrics, DVN leads 10 to 6.
Is AM or DVN cheaper?: On trailing earnings, DVN is cheaper: AM trades at a 26.97 P/E and DVN at 11.76.
Which has grown faster, AM or DVN?: Over the past five years, DVN grew revenue faster — AM at a 5.93% CAGR versus DVN at 28.13%.
Does AM or DVN pay a bigger dividend?: AM yields 3.88% and DVN yields 3.03% based on trailing dividends and the latest price.
Is AM or DVN more profitable?: AM runs the higher net margin — AM at 31.94% versus DVN at 13.71%.
Which has been the better investment, AM or DVN?: Over the past 5-year, AM delivered the higher annualized total return — AM at 25.67% versus DVN at 5.43%. Past performance doesn't predict future results.

Go deeper

Full AM analysis Full DVN analysis Interactive comparison tool

Dig into the metrics

Antero Midstream P/E ratio Devon Energy P/E ratio Antero Midstream dividend yield Devon Energy dividend yield Antero Midstream ROE Devon Energy ROE Antero Midstream operating margin Devon Energy operating margin Antero Midstream revenue growth Devon Energy revenue growth Antero Midstream free cash flow Devon Energy free cash flow

Antero Midstream & Devon Energy appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 29, 2026.