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

DVN has the lower trailing P/E: DVN trades at 11.71 and MPLX at 12.56. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, DVN or MPLX?

Over the past five years, DVN grew revenue faster — DVN at a 23.63% CAGR versus MPLX at 7.97%.

Does DVN or MPLX pay a bigger dividend?

DVN yields 2.11% and MPLX yields 7.37% based on trailing dividends and the latest price.

Is DVN or MPLX more profitable?

MPLX runs the higher net margin — DVN at 16.67% versus MPLX at 36.75%.

How have DVN and MPLX total returns compared?

Over the past 10 years, DVN delivered 4.83% and MPLX delivered 15.60% annualized total return. Past performance doesn't predict future results.

Devon Energy Corporation (DVN) vs MPLX Lp (MPLX)

A side-by-side comparison of Devon Energy Corporation and MPLX Lp across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 21, 2026. Differences are shown without an overall score or investment verdict.

DVN

Devon Energy Corporation

$54.01B

$49.10EnergyDelayed quote: Aug 21, 2026, 4:00 PM EDT

MPLX

MPLX Lp

$59.27B

$58.41EnergyDelayed quote: Aug 21, 2026, 4:00 PM EDT

Total return — DVN vs MPLX

growth of $100 · dividends reinvested · last 10y

DVN +67.3% (+5.3%/yr)MPLX +333.3% (+15.8%/yr)MPLX compounded faster over this window

DVN MPLX

DVN vs MPLX: by the numbers

•MPLX is the larger company ($59.27B vs $54.01B market cap).
•DVN trades at the lower trailing earnings multiple (11.71 vs 12.56 P/E), one valuation lens rather than an overall verdict.
•MPLX converts more revenue to profit (36.75% vs 16.67% net margin).
•DVN grew revenue faster over the past five years (23.63% vs 7.97% CAGR).
•MPLX pays the higher dividend yield (7.37% vs 2.11%).

Metrics side by side

Valuation

Metric	DVN	MPLX
P/E ratio	11.71	12.56
Forward P/E	9.61	13.57
P/S ratio	2.36	4.60
P/B ratio	1.11	4.23
EV / EBITDA	6.50	12.10
FCF yield	3.61%	7.47%

Profitability

Metric	DVN	MPLX
Gross margin	25.55%	52.17%
Operating margin	23.86%	42.91%
Net margin	16.67%	36.75%
ROE	7.86%	33.77%
ROIC	5.61%	13.47%

Dividends

Metric	DVN	MPLX
Dividend yield	2.11%	7.37%
Payout ratio	24.70%	89.34%

Growth (annualized)

Metric	DVN	MPLX
Revenue CAGR (5Y)	23.63%	7.97%
EPS CAGR (5Y)	N/A	29.32%
FCF CAGR (5Y)	8.72%	1.14%
Total return CAGR (5Y)	19.74%	26.69%

Frequently asked

Which has the lower trailing P/E, DVN or MPLX?: DVN has the lower trailing P/E: DVN trades at 11.71 and MPLX at 12.56. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DVN or MPLX?: Over the past five years, DVN grew revenue faster — DVN at a 23.63% CAGR versus MPLX at 7.97%.
Does DVN or MPLX pay a bigger dividend?: DVN yields 2.11% and MPLX yields 7.37% based on trailing dividends and the latest price.
Is DVN or MPLX more profitable?: MPLX runs the higher net margin — DVN at 16.67% versus MPLX at 36.75%.
How have DVN and MPLX total returns compared?: Over the past 10 years, DVN delivered 4.83% and MPLX delivered 15.60% annualized total return. Past performance doesn't predict future results.

Go deeper

Full DVN analysis Full MPLX analysis Interactive comparison tool

Dig into the metrics

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

Devon Energy & MPLX Lp appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest ROE Stocks Highest Operating Margin 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 21, 2026.