Devon Energy Corporation (DVN) vs First Solar, Inc. (FSLR)

FSLR leads on 8 of 15 compared metrics, though DVN is the cheaper stock.

A side-by-side comparison of Devon Energy Corporation and First Solar, Inc. 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).

Compare

Total return — DVN vs FSLR

growth of $100 · last 20y
DVN -38.7%FSLR +866.3%FSLR compounded faster
Log scale — wide-divergence pair
1101001k10kStart $10020102014201820222026$61$966
DVN FSLR

DVN vs FSLR: by the numbers

  • DVN is the larger company ($26.23B vs $25.69B market cap).
  • DVN trades at the lower earnings multiple (11.76 vs 15.44 P/E).
  • FSLR converts more revenue to profit (30.73% vs 13.71% net margin).
  • DVN grew revenue faster over the past five years (28.13% vs 12.69% CAGR).
  • DVN pays a dividend (3.03% yield) while FSLR does not currently pay one.

Which is better, DVN or FSLR?

Metric tally: DVN 7 · FSLR 8

It depends on what you're optimizing for:

ValueDVN(lower P/E)
GrowthDVN(faster 5Y revenue CAGR)
QualityFSLR(higher ROIC)

Metrics side by side

Valuation

MetricDVNFSLR
P/E ratio11.7615.44
Forward P/E7.689.93
P/S ratio1.594.75
P/B ratio1.702.60
PEG ratio1.01
EV / EBITDA4.9310.13
FCF yield10.22%6.48%

Profitability

MetricDVNFSLR
Gross margin22.13%41.73%
Operating margin18.84%33.17%
Net margin13.71%30.73%
ROE14.70%16.86%
ROIC10.46%14.42%

Dividends

MetricDVNFSLR
Dividend yield3.03%
Payout ratio30.40%

Growth (annualized)

MetricDVNFSLR
Revenue CAGR (5Y)28.13%12.69%
EPS CAGR (5Y)-5.25%30.54%
FCF CAGR (5Y)53.32%55.54%
Total return CAGR (5Y)12.71%22.15%

Frequently asked

Which is better, DVN or FSLR?
It depends on your goal. value: DVN (lower P/E); growth: DVN (faster 5Y revenue CAGR); quality: FSLR (higher ROIC). Across all compared metrics, FSLR leads 8 to 7.
Is DVN or FSLR cheaper?
On trailing earnings, DVN is cheaper: DVN trades at a 11.76 P/E and FSLR at 15.44.
Which has grown faster, DVN or FSLR?
Over the past five years, DVN grew revenue faster — DVN at a 28.13% CAGR versus FSLR at 12.69%.
Does DVN or FSLR pay a bigger dividend?
DVN pays a dividend (3.03% yield) while FSLR does not currently pay one.
Is DVN or FSLR more profitable?
FSLR runs the higher net margin — DVN at 13.71% versus FSLR at 30.73%.
Which has been the better investment, DVN or FSLR?
Over the past 10-year, FSLR delivered the higher annualized total return — DVN at 5.43% versus FSLR at 17.90%. 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 June 29, 2026.