Devon Energy Corporation (DVN) vs Diamondback Energy, Inc. (FANG)
A side-by-side comparison of Devon Energy Corporation and Diamondback Energy, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 17, 2026. Differences are shown without an overall score or investment verdict.
DVN
Devon Energy Corporation
$46.70EnergyDelayed quote: Aug 17, 2026, 12:30 PM EDT
FANG
Diamondback Energy, Inc.
$202.81EnergyDelayed quote: Aug 17, 2026, 12:30 PM EDT
Total return — DVN vs FANG
growth of $100 · dividends reinvested · last 10yDVN +67.0% (+5.3%/yr)FANG +176.3% (+10.7%/yr)FANG compounded faster over this window
DVN FANG
DVN vs FANG: by the numbers
- •FANG is the larger company ($57.05B vs $51.37B market cap).
- •DVN trades at the lower trailing earnings multiple (10.89 vs 39.54 P/E), one valuation lens rather than an overall verdict.
- •DVN converts more revenue to profit (16.67% vs 9.27% net margin).
- •FANG grew revenue faster over the past five years (31.48% vs 23.63% CAGR).
- •DVN pays the higher dividend yield (2.27% vs 2.05%).
Metrics side by side
Valuation
| Metric | DVN | FANG |
|---|---|---|
| P/E ratio | 10.89 | 39.54 |
| Forward P/E | 9.06 | 10.22 |
| P/S ratio | 2.19 | 3.33 |
| P/B ratio | 1.03 | 1.50 |
| EV / EBITDA | 6.13 | 6.91 |
| FCF yield | 3.88% | 11.42% |
Profitability
| Metric | DVN | FANG |
|---|---|---|
| Gross margin | 25.55% | 35.16% |
| Operating margin | 23.86% | 27.68% |
| Net margin | 16.67% | 9.27% |
| ROE | 7.86% | 4.18% |
| ROIC | 10.46% | 6.00% |
Dividends
| Metric | DVN | FANG |
|---|---|---|
| Dividend yield | 2.27% | 2.05% |
| Payout ratio | 24.70% | 72.43% |
Growth (annualized)
| Metric | DVN | FANG |
|---|---|---|
| Revenue CAGR (5Y) | 23.63% | 31.48% |
| EPS CAGR (5Y) | N/A | 25.44% |
| FCF CAGR (5Y) | 8.72% | 51.55% |
| Total return CAGR (5Y) | 15.99% | 27.05% |
Frequently asked
- Which has the lower trailing P/E, DVN or FANG?
- DVN has the lower trailing P/E: DVN trades at 10.89 and FANG at 39.54. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, DVN or FANG?
- Over the past five years, FANG grew revenue faster — DVN at a 23.63% CAGR versus FANG at 31.48%.
- Does DVN or FANG pay a bigger dividend?
- DVN yields 2.27% and FANG yields 2.05% based on trailing dividends and the latest price.
- Is DVN or FANG more profitable?
- DVN runs the higher net margin — DVN at 16.67% versus FANG at 9.27%.
- How have DVN and FANG total returns compared?
- Over the past 10 years, DVN delivered 4.72% and FANG delivered 10.91% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Devon Energy P/E ratioDiamondback Energy P/E ratioDevon Energy dividend yieldDiamondback Energy dividend yieldDevon Energy ROEDiamondback Energy ROEDevon Energy operating marginDiamondback Energy operating marginDevon Energy revenue growthDiamondback Energy revenue growthDevon Energy free cash flowDiamondback Energy free cash flow
Devon Energy & Diamondback Energy 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 17, 2026.