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.
DVN
Devon Energy Corporation
$44.86EnergyDelayed quote: Aug 12, 2026, 4:00 PM EDT
EQT
EQT Corporation
$54.06EnergyDelayed quote: Aug 12, 2026, 4:02 PM EDT
Total return — DVN vs EQT
growth of $100 · dividends reinvested · last 10yDVN +46.6% (+3.9%/yr)EQT +52.0% (+4.3%/yr)EQT compounded faster over this window
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
| Metric | DVN | EQT |
|---|---|---|
| P/E ratio | 10.66 | 11.91 |
| Forward P/E | 8.87 | 12.77 |
| P/S ratio | 2.14 | 3.64 |
| P/B ratio | 1.01 | 1.34 |
| EV / EBITDA | 6.02 | 5.87 |
| FCF yield | 3.97% | 11.14% |
Profitability
| Metric | DVN | EQT |
|---|---|---|
| Gross margin | 25.55% | 48.86% |
| Operating margin | 23.86% | 34.70% |
| Net margin | 16.67% | 30.68% |
| ROE | 7.86% | 11.28% |
| ROIC | 10.46% | 6.18% |
Dividends
| Metric | DVN | EQT |
|---|---|---|
| Dividend yield | 2.32% | 1.22% |
| Payout ratio | 24.70% | 19.82% |
Growth (annualized)
| Metric | DVN | EQT |
|---|---|---|
| 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.
Go deeper
Dig into the metrics
Devon Energy P/E ratioEQT P/E ratioDevon Energy dividend yieldEQT dividend yieldDevon Energy ROEEQT ROEDevon Energy operating marginEQT operating marginDevon Energy revenue growthEQT revenue growthDevon Energy free cash flowEQT free cash flow
Devon Energy & EQT appear in these rankings
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.