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Devon Energy vs Diamondback Energy

Devon Energy and Diamondback Energy are similar in size: $17.19bn and $15.03bn of revenue in their latest fiscal years. Diamondback Energy grew faster (35.8% against 7.8%). Devon Energy kept more of each dollar of sales as profit: a net margin of 15.4% against 11.1%.

Latest fiscal yearDevon EnergyDVN, 2025Diamondback EnergyFANG, 2025
Revenue $17.19bn $15.03bn
Revenue growth 7.8% 35.8%
Net income $2.64bn $1.66bn
Operating margin — —
Net margin 15.4% 11.1%
Return on equity 17.6% 4.5%
Free cash flow $3.12bn $2.82bn
Cash $1.38bn $104m
Total debt $9.39bn $14.49bn
Debt to equity 60.5% —
Dividend per share — $4.00
Dividend yield 1.1% 2.1%
Share buybacks $1.05bn —
Employees 2,200 1,983
Market value $44.82bn $54.23bn
Price vs our value range Below our value range Below our value range
Moat score 58 (Moderate) 56 (Moderate)
Insider trades, 12 months 1 buys, 5 sales 0 buys, 97 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.