Which has the lower trailing P/E, DVN or ET?

DVN has the lower trailing P/E: DVN trades at 11.66 and ET at 13.16. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, DVN or ET?

Over the past five years, DVN grew revenue faster — DVN at a 23.63% CAGR versus ET at 14.94%.

Does DVN or ET pay a bigger dividend?

DVN yields 2.12% and ET yields 6.35% based on trailing dividends and the latest price.

Is DVN or ET more profitable?

DVN runs the higher net margin — DVN at 16.67% versus ET at 5.57%.

How have DVN and ET total returns compared?

Over the past 10 years, DVN delivered 4.79% and ET delivered 10.40% annualized total return. Past performance doesn't predict future results.

Devon Energy Corporation (DVN) vs Energy Transfer LP (ET)

A side-by-side comparison of Devon Energy Corporation and Energy Transfer LP across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 23, 2026. Differences are shown without an overall score or investment verdict.

DVN

Devon Energy Corporation

$54.01B

$49.10EnergyAt close: Aug 21, 2026, 4:00 PM ET

Energy Transfer LP

$72.92B

$21.19EnergyAt close: Aug 21, 2026, 4:00 PM ET

Total return — DVN vs ET

growth of $100 · dividends reinvested · last 10y

DVN +59.7% (+4.8%/yr)ET +168.7% (+10.4%/yr)ET compounded faster over this window

DVN ET

DVN vs ET: by the numbers

•ET is the larger company ($72.92B vs $54.01B market cap).
•DVN trades at the lower trailing earnings multiple (11.66 vs 13.16 P/E), one valuation lens rather than an overall verdict.
•DVN converts more revenue to profit (16.67% vs 5.57% net margin).
•DVN grew revenue faster over the past five years (23.63% vs 14.94% CAGR).
•ET pays the higher dividend yield (6.35% vs 2.12%).

Metrics side by side

Valuation

Metric	DVN	ET
P/E ratio	11.66	13.16
Forward P/E	9.56	12.64
P/S ratio	2.35	0.70
P/B ratio	1.11	2.08
EV / EBITDA	6.48	8.49
FCF yield	3.63%	7.11%

Profitability

Metric	DVN	ET
Gross margin	25.55%	24.11%
Operating margin	23.86%	10.60%
Net margin	16.67%	5.57%
ROE	7.86%	16.47%
ROIC	5.61%	8.16%

Dividends

Metric	DVN	ET
Dividend yield	2.12%	6.35%
Payout ratio	24.70%	98.90%

Growth (annualized)

Metric	DVN	ET
Revenue CAGR (5Y)	23.63%	14.94%
EPS CAGR (5Y)	N/A	0.25%
FCF CAGR (5Y)	8.72%	11.51%
Total return CAGR (5Y)	19.63%	28.39%

Frequently asked

Which has the lower trailing P/E, DVN or ET?: DVN has the lower trailing P/E: DVN trades at 11.66 and ET at 13.16. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DVN or ET?: Over the past five years, DVN grew revenue faster — DVN at a 23.63% CAGR versus ET at 14.94%.
Does DVN or ET pay a bigger dividend?: DVN yields 2.12% and ET yields 6.35% based on trailing dividends and the latest price.
Is DVN or ET more profitable?: DVN runs the higher net margin — DVN at 16.67% versus ET at 5.57%.
How have DVN and ET total returns compared?: Over the past 10 years, DVN delivered 4.79% and ET delivered 10.40% annualized total return. Past performance doesn't predict future results.

Go deeper

Full DVN analysis Full ET analysis Interactive comparison tool

Dig into the metrics

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

Devon Energy & Energy Transfer LP appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest FCF Yield Stocks Lowest P/E Ratio 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 August 23, 2026.