Devon Energy vs Expand Energy
Devon Energy is the larger business, with $17.19bn of revenue in fiscal 2025 against $12.12bn for Expand Energy (1.4 times as much). Expand Energy grew faster (186.3% against 7.8%). Devon Energy kept more of each dollar of sales as profit: a net margin of 15.4% against 15.0%. Expand Energy carries less debt relative to equity (27.0% against 60.5%).
| Latest fiscal year | Devon EnergyDVN, 2025 | Expand EnergyEXE, 2025 |
|---|---|---|
| Revenue | $17.19bn | $12.12bn |
| Revenue growth | 7.8% | 186.3% |
| Net income | $2.64bn | $1.82bn |
| Operating margin | — | 20.4% |
| Net margin | 15.4% | 15.0% |
| Return on equity | 17.6% | 10.1% |
| Free cash flow | $3.12bn | $1.84bn |
| Cash | $1.38bn | $616m |
| Total debt | $9.39bn | $5.03bn |
| Debt to equity | 60.5% | 27.0% |
| Dividend per share | — | — |
| Dividend yield | 1.1% | 2.6% |
| Share buybacks | $1.05bn | $100m |
| Employees | 2,200 | 1,600 |
| Market value | $44.82bn | $20.87bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 58 (Moderate) | 45 (Moderate) |
| Insider trades, 12 months | 1 buys, 5 sales | 7 buys, 0 sales |