Devon Energy Corporation (DVN) vs EQT Corporation (EQT)

A side-by-side comparison of Devon Energy Corporation and EQT Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 13, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnDVN vs EQT

growth of $100 · dividends reinvested · last 10y
DVN +46.6% (+3.9%/yr)EQT +52.0% (+4.3%/yr)EQT compounded faster over this window
050100150200Start $10020182020202220242026$147$152
DVN EQT

DVN vs EQT: by the numbers

  • EQT is the larger company ($33.82B vs $31.41B market cap).
  • DVN trades at the lower trailing earnings multiple (10.66 vs 11.91 P/E), one valuation lens rather than an overall verdict.
  • EQT converts more revenue to profit (30.68% vs 16.67% net margin).
  • DVN grew revenue faster over the past five years (23.63% vs 20.44% CAGR).
  • DVN pays the higher dividend yield (2.32% vs 1.22%).

Metrics side by side

Valuation

MetricDVNEQT
P/E ratio10.6611.91
Forward P/E8.8712.77
P/S ratio2.143.64
P/B ratio1.011.34
EV / EBITDA6.025.87
FCF yield3.97%11.14%

Profitability

MetricDVNEQT
Gross margin25.55%48.86%
Operating margin23.86%34.70%
Net margin16.67%30.68%
ROE7.86%11.28%
ROIC10.46%6.18%

Dividends

MetricDVNEQT
Dividend yield2.32%1.22%
Payout ratio24.70%19.82%

Growth (annualized)

MetricDVNEQT
Revenue CAGR (5Y)23.63%20.44%
FCF CAGR (5Y)8.72%157.06%
Total return CAGR (5Y)15.11%25.37%

Frequently asked

Which has the lower trailing P/E, DVN or EQT?
DVN has the lower trailing P/E: DVN trades at 10.66 and EQT at 11.91. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DVN or EQT?
Over the past five years, DVN grew revenue faster — DVN at a 23.63% CAGR versus EQT at 20.44%.
Does DVN or EQT pay a bigger dividend?
DVN yields 2.32% and EQT yields 1.22% based on trailing dividends and the latest price.
Is DVN or EQT more profitable?
EQT runs the higher net margin — DVN at 16.67% versus EQT at 30.68%.
How have DVN and EQT total returns compared?
Over the past 10 years, DVN delivered 4.49% and EQT delivered 4.77% annualized total return. Past performance doesn't predict future results.

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 August 13, 2026.