Is Permian Resources a Better Buy Than Devon Energy?
Devon Energy surged 16% during the past Month. You may be tempted to buy more, or may want to reduce your exposure. But there is an entirely different perspective you might be missing. Is there a better alternative? Turns out, its peer Permian Resources gives you more. Permian Resources (PR) stock offers superior revenue growth across key periods, better profitability, and relatively lower valuation vs Devon Energy (DVN) stock, suggesting you may be better off investing in PR
- PR’s quarterly revenue growth was 8.7%, vs. DVN’s 7.6%.
- In addition, its Last 3-Year Average revenue growth came in at 48.7%, ahead of DVN’s -2.1%.
- PR leads on profitability over both periods – LTM margin of 39.1% and 3-year average of 44.1%.
These differences become even clearer when you look at the financials side by side. The table highlights how DVN’s fundamentals stack up against those of PR on growth, margins, momentum, and valuation multiples.
Valuation & Performance Overview
| DVN | PR | Preferred | |
|---|---|---|---|
| Valuation | |||
| P/EBIT Ratio | 6.0 | 5.2 | PR |
| Revenue Growth | |||
| Last Quarter | 7.6% | 8.7% | PR |
| Last 12 Months | 11.4% | 7.6% | DVN |
| Last 3 Year Average | -2.1% | 48.7% | PR |
| Operating Margins | |||
| Last 12 Months | 22.7% | 39.1% | PR |
| Last 3 Year Average | 28.3% | 44.1% | PR |
| Momentum | |||
| Last 3 Year Return | -36.9% | 66.7% | PR |
Note: For “Last 3 Year Return” metric, preferred stock is one with higher returns unless the returns are too high (>300%) which creates risk of sell off.
See more revenue details: DVN Revenue Comparison | PR Revenue Comparison
See more margin details: DVN Operating Income Comparison | PR Operating Income Comparison
See detailed fundamentals on Buy or Sell PR Stock and Buy or Sell DVN Stock. Below we compare market return and related metrics across years.
Historical Market Performance
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | Avg | Best | |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| DVN Return | -35% | 196% | 51% | -22% | -25% | 18% | 98% | ||
| PR Return | -68% | 299% | 58% | 49% | 11% | 3% | 247% | <=== | |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 112% | ||
| Monthly Win Rates [3] | |||||||||
| DVN Win Rate | 42% | 92% | 58% | 42% | 25% | 60% | 53% | ||
| PR Win Rate | 33% | 67% | 58% | 50% | 33% | 50% | 49% | ||
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | 64% | <=== | |
| Max Drawdowns [4] | |||||||||
| DVN Max Drawdown | -79% | 0% | 0% | -27% | -30% | -18% | -26% | ||
| PR Max Drawdown | -95% | -1% | -11% | -9% | -5% | -27% | -25% | ||
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | -12% | <=== | |
[1] Cumulative total returns since the beginning of 2020
[2] 2025 data is for the year up to 12/4/2025 (YTD)
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
No matter how good the numbers, stock investment is never a smooth ride. There is a risk you must factor in. Read PR Dip Buyer Analyses and DVN Dip Buyer Analyses to see how these stocks have fallen and recovered in the past.
Still not sure about DVN or PR? Consider portfolio approach.
A Multi Asset Portfolio Beats Picking Stocks Alone
Single markets are unpredictable but different assets react differently. A multi asset portfolio cuts downside shocks while keeping upside on the table.
The asset allocation framework of Trefis’ Boston-based, wealth management partner yielded positive returns during the 2008-09 period when the S&P lost more than 40%. Our partner’ strategy now includes Trefis High Quality Portfolio, which has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices