How Does Devon Energy Stock Stack Up Against Its Peers?
Devon Energy stock has largely outperformed most peers over the past year, but how does it truly stack up operationally amidst a projected oil supply glut and evolving energy markets? A closer look reveals solid profitability, robust free cash flow generation, positive revenue growth, and an attractive valuation. However, potential upside could be tempered by broad oil market oversupply concerns and a restrained growth trajectory in certain basins.
- DVN’s 22.7% operating margin, while high, trails EOG (33.4%), suggesting DVN’s varying asset quality or higher cost structure.
- DVN’s 11.4% LTM revenue growth, strong vs. EOG, APA, EPM, lags OKE; OKE’s midstream model benefits from fee-based revenue & acquisitions.
- DVN’s 1-yr stock down 2.9%, underperforming APA, with a PE of 8.4, may reflect investor concerns over DVN’s oil-price sensitivity & shale reinvestment needs.
Here’s how Devon Energy stacks up across size, valuation, and profitability versus key peers.
| DVN | EOG | OKE | APA | EPM | |
|---|---|---|---|---|---|
| Market Cap ($ Bil) | 22.8 | 57.9 | 46.3 | 9.3 | 0.1 |
| Revenue ($ Bil) | 17.5 | 22.6 | 31.6 | 9.6 | 0.1 |
| PE Ratio | 8.4 | 10.5 | 13.9 | 6.2 | 529.1 |
| LTM Revenue Growth | 11.4% | -5.0% | 58.4% | 4.9% | -2.2% |
| LTM Operating Margin | 22.7% | 33.4% | 18.7% | 30.6% | 2.6% |
| LTM FCF Margin | 16.1% | 17.2% | 9.3% | 19.7% | -7.1% |
| 12M Market Return | -2.9% | -19.2% | -27.8% | 7.6% | -27.9% |
For more details on Devon Energy, read Buy or Sell DVN Stock. Below we compare DVN’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| DVN | 11.4% | – | 4.5% | -20.4% | 57.0% |
| EOG | -5.0% | – | 0.8% | -21.4% | 49.9% |
| OKE | 58.4% | – | 22.7% | -21.0% | 35.4% |
| APA | 4.9% | – | 17.6% | -25.2% | 38.7% |
| EPM | -2.2% | -0.0% | -33.2% | 18.0% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| DVN | 22.7% | – | 26.0% | 32.2% | 41.3% |
| EOG | 33.4% | – | 35.3% | 38.4% | 48.3% |
| OKE | 18.7% | – | 23.3% | 23.9% | 12.5% |
| APA | 30.6% | – | 32.9% | 40.6% | 45.9% |
| EPM | 2.6% | 4.9% | 9.2% | 35.1% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| DVN | 8.4 | – | 8.0 | 5.6 | 4.9 |
| EOG | 10.5 | – | 9.3 | 9.4 | 9.1 |
| OKE | 13.9 | – | 14.2 | 18.3 | 18.2 |
| APA | 6.2 | – | 10.7 | 2.5 | 3.3 |
| EPM | 529.1 | 79.7 | 41.9 | 5.4 |
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