Comprehensive Stock Comparison
Compare Devon Energy Corporation (DVN) vs Matador Resources Company (MTDR) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | DVN | 10.4% revenue growth vs MTDR's 6.2% |
| Value | MTDR | Lower P/E (11.6x vs 13.5x) |
| Quality / Margins | MTDR | 20.5% net margin vs DVN's 15.9% |
| Stability / Safety | DVN | Beta 1.24 vs MTDR's 1.40 |
| Dividends | MTDR | 2.5% yield, 5-year raise streak, vs DVN's 2.3% |
| Momentum (1Y) | DVN | +22.8% vs MTDR's +1.4% |
| Efficiency (ROA) | DVN | 8.4% ROA vs MTDR's 7.3%, ROIC 12.3% vs 11.8% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Devon Energy is an independent oil and gas exploration and production company focused on U.S. onshore basins. It generates revenue primarily from crude oil sales (roughly 60% of total), with natural gas and natural gas liquids making up the remainder. The company's competitive advantage lies in its high-quality, low-cost asset portfolio concentrated in premier U.S. shale plays like the Delaware Basin.
Matador Resources is an independent oil and gas exploration and production company focused on shale plays in the Delaware Basin and other U.S. regions. It generates revenue primarily from oil sales (~60% of total revenue) and natural gas sales (~40%), supplemented by midstream services for third parties. The company's competitive advantage lies in its concentrated, high-quality acreage position in the prolific Delaware Basin — particularly in the Wolfcamp and Bone Spring formations — which provides low-cost, high-return drilling opportunities.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
MTDR leads in 4 of 6 categories (Financial Metrics, Valuation Metrics). DVN leads in 1 (Profitability & Efficiency). 1 tied.
Financial Metrics (TTM)
DVN is the larger business by revenue, generating $16.6B annually — 4.5x MTDR's $3.7B. Profitability is closely matched — net margins range from 20.5% (MTDR) to 15.9% (DVN). On growth, DVN holds the edge at -6.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | DVNDevon Energy Corp… | MTDRMatador Resources… |
|---|---|---|
| RevenueTrailing 12 months | $16.6B | $3.7B |
| EBITDAEarnings before interest/tax | $6.9B | $2.4B |
| Net IncomeAfter-tax profit | $2.6B | $759M |
| Free Cash FlowCash after capex | $3.0B | $830M |
| Gross MarginGross profit ÷ Revenue | +22.7% | +88.8% |
| Operating MarginEBIT ÷ Revenue | +19.8% | +33.2% |
| Net MarginNet income ÷ Revenue | +15.9% | +20.5% |
| FCF MarginFCF ÷ Revenue | +18.4% | +22.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -6.3% | -13.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -9.1% | -9.4% |
Valuation Metrics
At 8.4x trailing earnings, MTDR trades at a 19% valuation discount to DVN's 10.4x P/E. On an enterprise value basis, MTDR's 3.5x EV/EBITDA is more attractive than DVN's 4.6x.
| Metric | DVNDevon Energy Corp… | MTDRMatador Resources… |
|---|---|---|
| Market CapShares × price | $27.0B | $6.5B |
| Enterprise ValueMkt cap + debt − cash | $34.3B | $8.6B |
| Trailing P/EPrice ÷ TTM EPS | 10.36x | 8.44x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.50x | 11.65x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 4.63x | 3.54x |
| Price / SalesMarket cap ÷ Revenue | 1.57x | 1.75x |
| Price / BookPrice ÷ Book value/share | 1.76x | 1.07x |
| Price / FCFMarket cap ÷ FCF | 8.66x | 2.67x |
Profitability & Efficiency
DVN delivers a 17.0% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $13 for MTDR. MTDR carries lower financial leverage with a 0.35x debt-to-equity ratio, signaling a more conservative balance sheet compared to DVN's 0.57x.
| Metric | DVNDevon Energy Corp… | MTDRMatador Resources… |
|---|---|---|
| ROE (TTM)Return on equity | +17.0% | +12.7% |
| ROA (TTM)Return on assets | +8.4% | +7.3% |
| ROICReturn on invested capital | +12.3% | +11.8% |
| ROCEReturn on capital employed | +13.8% | +12.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.57x | 0.35x |
| Net DebtTotal debt minus cash | $7.3B | $2.1B |
| Cash & Equiv.Liquid assets | $1.4B | $15M |
| Total DebtShort + long-term debt | $8.8B | $2.1B |
| Interest CoverageEBIT ÷ Interest expense | 7.42x | 5.96x |
Total Returns (with DRIP)
A $10,000 investment in DVN five years ago would be worth $24,978 today (with dividends reinvested), compared to $24,960 for MTDR. Over the past 12 months, DVN leads with a +22.8% total return vs MTDR's +1.4%. The 3-year compound annual growth rate (CAGR) favors MTDR at 0.4% vs DVN's -3.3% — a key indicator of consistent wealth creation.
| Metric | DVNDevon Energy Corp… | MTDRMatador Resources… |
|---|---|---|
| YTD ReturnYear-to-date | +14.9% | +19.4% |
| 1-Year ReturnPast 12 months | +22.8% | +1.4% |
| 3-Year ReturnCumulative with dividends | -9.5% | +1.2% |
| 5-Year ReturnCumulative with dividends | +149.8% | +149.6% |
| 10-Year ReturnCumulative with dividends | +194.4% | +240.8% |
| CAGR (3Y)Annualised 3-year return | -3.3% | +0.4% |
Risk & Volatility
DVN is the less volatile stock with a 1.24 beta — it tends to amplify market swings less than MTDR's 1.40 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | DVNDevon Energy Corp… | MTDRMatador Resources… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.24x | 1.40x |
| 52-Week HighHighest price in past year | $46.15 | $53.84 |
| 52-Week LowLowest price in past year | $25.89 | $35.19 |
| % of 52W HighCurrent price vs 52-week peak | +94.3% | +95.5% |
| RSI (14)Momentum oscillator 0–100 | 54.7 | 58.6 |
| Avg Volume (50D)Average daily shares traded | 8.6M | 1.4M |
Analyst Outlook
Wall Street rates DVN as "Buy" and MTDR as "Buy". Consensus price targets imply 10.3% upside for MTDR (target: $57) vs 9.8% for DVN (target: $48). For income investors, MTDR offers the higher dividend yield at 2.55% vs DVN's 2.26%.
| Metric | DVNDevon Energy Corp… | MTDRMatador Resources… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $47.78 | $56.67 |
| # AnalystsCovering analysts | 63 | 41 |
| Dividend YieldAnnual dividend ÷ price | +2.3% | +2.5% |
| Dividend StreakConsecutive years of raises | 0 | 5 |
| Dividend / ShareAnnual DPS | $0.98 | $1.31 |
| Buyback YieldShare repurchases ÷ mkt cap | +3.9% | +0.9% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 20 | Feb 26 | Change |
|---|---|---|---|
| Devon Energy Corpor… (DVN) | 100 | 247.17 | +147.2% |
| Matador Resources C… (MTDR) | 100 | 453.01 | +353.0% |
Devon Energy Corpor… (DVN) returned +150% over 5 years vs Matador Resources C… (MTDR)'s +150%. A $10,000 investment in DVN 5 years ago would be worth $24,978 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Devon Energy Corpor… (DVN) | $10.5B | $17.2B | +63.4% |
| Matador Resources C… (MTDR) | $264M | $3.7B | +1297.9% |
Devon Energy Corporation's revenue grew from $10.5B (2016) to $17.2B (2025) — a 5.6% CAGR. Matador Resources Company's revenue grew from $264M (2016) to $3.7B (2025) — a 34.1% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Devon Energy Corpor… (DVN) | -31.4% | 15.4% | +149.0% |
| Matador Resources C… (MTDR) | -36.8% | 20.5% | +155.8% |
Devon Energy Corporation's net margin went from -31% (2016) to 15% (2025). Matador Resources Company's net margin went from -37% (2016) to 21% (2025).
Chart 4P/E Ratio History — 8 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Devon Energy Corpor… (DVN) | 24.4 | 8.7 | -64.3% |
| Matador Resources C… (MTDR) | 25.3 | 7 | -72.3% |
Devon Energy Corporation has traded in a 4x–24x P/E range over 7 years; current trailing P/E is ~10x. Matador Resources Company has traded in a 6x–25x P/E range over 8 years; current trailing P/E is ~8x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Devon Energy Corpor… (DVN) | -6.44 | 4.2 | +165.2% |
| Matador Resources C… (MTDR) | -1.07 | 6.09 | +669.2% |
Devon Energy Corporation's EPS grew from $-6.44 (2016) to $4.20 (2025). Matador Resources Company's EPS grew from $-1.07 (2016) to $6.09 (2025).
Chart 6Free Cash Flow — 5 Years
Devon Energy Corporation generated $3B FCF in 2025 (+8% vs 2021). Matador Resources Company generated $2B FCF in 2025 (+658% vs 2021).
DVN vs MTDR: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is DVN or MTDR a better buy right now?
Matador Resources Company (MTDR) offers the better valuation at 8.4x trailing P/E (11.6x forward), making it the more compelling value choice. Analysts rate Devon Energy Corporation (DVN) a "Buy" — based on 63 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — DVN or MTDR?
On trailing P/E, Matador Resources Company (MTDR) is the cheapest at 8.4x versus Devon Energy Corporation at 10.4x. On forward P/E, Matador Resources Company is actually cheaper at 11.6x.
03Which is the better long-term investment — DVN or MTDR?
Over the past 5 years, Devon Energy Corporation (DVN) delivered a total return of +149.8%, compared to +149.6% for Matador Resources Company (MTDR). A $10,000 investment in DVN five years ago would be worth approximately $25K today (assuming dividends reinvested). Over 10 years, the gap is even starker: MTDR returned +240.8% versus DVN's +194.4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — DVN or MTDR?
By beta (market sensitivity over 5 years), Devon Energy Corporation (DVN) is the lower-risk stock at 1.24β versus Matador Resources Company's 1.40β — meaning MTDR is approximately 13% more volatile than DVN relative to the S&P 500. On balance sheet safety, Matador Resources Company (MTDR) carries a lower debt/equity ratio of 35% versus 57% for Devon Energy Corporation — giving it more financial flexibility in a downturn.
05Which has better profit margins — DVN or MTDR?
Matador Resources Company (MTDR) is the more profitable company, earning 20.5% net margin versus 15.4% for Devon Energy Corporation — meaning it keeps 20.5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MTDR leads at 33.2% versus 22.0% for DVN. At the gross margin level — before operating expenses — MTDR leads at 88.8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is DVN or MTDR more undervalued right now?
On forward earnings alone, Matador Resources Company (MTDR) trades at 11.6x forward P/E versus 13.5x for Devon Energy Corporation — 1.9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MTDR: 10.3% to $56.67.
07Which pays a better dividend — DVN or MTDR?
All stocks in this comparison pay dividends. Matador Resources Company (MTDR) offers the highest yield at 2.5%, versus 2.3% for Devon Energy Corporation (DVN).
08Is DVN or MTDR better for a retirement portfolio?
For long-horizon retirement investors, Devon Energy Corporation (DVN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.24), 2.3% yield, +194.4% 10Y return). Both have compounded well over 10 years (DVN: +194.4%, MTDR: +240.8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between DVN and MTDR?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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