Devon Energy (DVN) vs Diamondback Energy (FANG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Devon Energy (DVN) has outperformed Diamondback Energy (FANG) over the past year, gaining 40.5% versus a gain of 33.2%. Over five years, FANG leads with a +77.4% price change compared with +20.3% for DVN. Diamondback Energy is the larger company by market cap ($53.80 billion vs $53.09 billion), about 1.0 times the size.
On valuation, Devon Energy trades at a lower forward P/E (9.0x vs 10.3x for Diamondback Energy). Diamondback Energy offers the higher dividend yield (2.21% vs 2.15%). Devon Energy converts more of its revenue into profit, with a net margin of 15.4% versus 11.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | DVN | FANG |
|---|---|---|
| Share price | $48.26 | $192.13 |
| Market cap | $53.09B | $53.80B |
| 1-day change | -1.35% | +0.23% |
| YTD return | +31.75% | +27.81% |
| 1-year return | +40.49% | +33.23% |
| 5-year return | +20.35% | +77.44% |
| P/E ratio (TTM) | 10.65 | 36.60 |
| Forward P/E | 8.95 | 10.25 |
| EPS (TTM) | $4.53 | $5.25 |
| Dividend yield | 2.15% | 2.21% |
| Annual dividend | $1.04 | $4.25 |
| Revenue (latest FY) | $17.19B | $15.03B |
| Revenue growth (YoY) | +7.83% | +35.79% |
| Net income (latest FY) | $2.64B | $1.66B |
| Operating margin | — | 8.43% |
| Net margin | 15.37% | 11.07% |
| 52-week high | $52.71 | $216.90 |
| 52-week low | $31.47 | $137.03 |
| Distance from 52-week high | -8.44% | -11.42% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +25.51% | +22.14% |
| Average volume | 10.97M | 2.35M |
| Shares outstanding | 1.10B | 280.02M |
| Employees | 2,200 | 1,762 |
| Sector | Energy | Energy |
| Industry | Oil & Gas Production | Oil & Gas Production |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Diamondback Energy trades at a higher earnings multiple (36.6x vs 10.7x trailing P/E).
- Diamondback Energy grew revenue faster in its latest fiscal year (+35.79% vs +7.83%).
About Devon Energy
DVN stock →Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming.
Energy · Oil & Gas Production · 2,200 employees
About Diamondback Energy
FANG stock →Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States. The company primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the Permian Basin in West Texas and New Mexico.
Energy · Oil & Gas Production · 1,762 employees
DVN vs FANG FAQ
Which is bigger, Devon Energy or Diamondback Energy?
Diamondback Energy (FANG) is larger, with a market capitalization of $53.80B compared with $53.09B for Devon Energy (DVN).
Which stock has performed better over the past year, DVN or FANG?
DVN returned +40.49% over the past 12 months, compared with +33.23% for FANG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DVN or FANG?
DVN has the lower trailing P/E at 10.7, versus 36.6 for FANG. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Devon Energy or Diamondback Energy?
Diamondback Energy has the higher yield at 2.21%, compared with 2.15% for Devon Energy.
Are Devon Energy and Diamondback Energy in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.