Devon Energy vs EOG Resources
EOG Resources is the larger business, with $22.63bn of revenue in fiscal 2025 against $17.19bn for Devon Energy (1.3 times as much). Devon Energy grew faster (7.8% against -4.5%). EOG Resources kept more of each dollar of sales as profit: a net margin of 22.0% against 15.4%. EOG Resources carries less debt relative to equity (26.6% against 60.5%).
| Latest fiscal year | Devon EnergyDVN, 2025 | EOG ResourcesEOG, 2025 |
|---|---|---|
| Revenue | $17.19bn | $22.63bn |
| Revenue growth | 7.8% | -4.5% |
| Net income | $2.64bn | $4.98bn |
| Operating margin | — | 28.2% |
| Net margin | 15.4% | 22.0% |
| Return on equity | 17.6% | 16.8% |
| Free cash flow | $3.12bn | $3.93bn |
| Cash | $1.38bn | $3.40bn |
| Total debt | $9.39bn | $7.94bn |
| Debt to equity | 60.5% | 26.6% |
| Dividend per share | — | $3.99 |
| Dividend yield | 1.1% | 2.6% |
| Share buybacks | $1.05bn | $2.56bn |
| Employees | 2,200 | — |
| Market value | $44.82bn | $82.05bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 58 (Moderate) | 86 (Strong) |
| Insider trades, 12 months | 1 buys, 5 sales | 0 buys, 12 sales |