The Filing Desk

Devon Energy vs Diamondback Energy

Devon Energy DVN · Diamondback Energy FANG · Oil & Gas Exploration & Production

Devon Energy reported revenue of $17.2 billion in fiscal 2025, about the same as Diamondback Energy's $15.0 billion in fiscal 2025. Devon Energy's revenue grew 7.8% in its latest year, and Diamondback Energy's grew 35.8%.

Side by side

Devon EnergyDiamondback Energy
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$17.2B$15.0B
Revenue growth7.8%35.8%
Revenue growth a year, last 5 years28.9%39.8%
Gross margin——
Operating margin—8.4%
Net margin15.4%11.1%
Free cash flow$3.1B—
Free cash flow margin18.1%—
Return on capital13.0%1.9%
Net debt to EBITDA1.1x2.3x
Dividends and buybacks$1.7B$1.2B
Change in diluted share count−0.2%35.4%
Last close$51.64$207.13
P/E at the last close12.3×39.4×
Insider trades, last 12 monthsbought $199,876, sold $5.6 millionsold $7.0 billion
Piotroski F-score5 of 84 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Devon EnergyDiamondback Energy
Operating margin
Percent of revenue
Devon EnergyDiamondback Energy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Devon EnergyDiamondback Energy

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Devon Energy and Diamondback Energy pages.