Comprehensive Stock Comparison
Compare HighPeak Energy, Inc. (HPK) vs Devon Energy Corporation (DVN) 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 HPK's -3.8% |
| Value | HPK | Lower P/E (7.8x vs 13.5x) |
| Quality / Margins | DVN | 15.9% net margin vs HPK's 6.0% |
| Stability / Safety | DVN | Beta 1.24 vs HPK's 1.76, lower leverage |
| Dividends | HPK | 3.3% yield, 2-year raise streak, vs DVN's 2.3% |
| Momentum (1Y) | DVN | +22.8% vs HPK's -58.4% |
| Efficiency (ROA) | DVN | 8.4% ROA vs HPK's 1.7%, ROIC 12.3% vs 10.0% |
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
HighPeak Energy is an independent oil and gas company focused on acquiring, developing, and producing reserves in the Midland Basin of West Texas. It generates revenue primarily from oil sales — which typically constitute 70-80% of its production mix — supplemented by natural gas and natural gas liquids. The company's competitive advantage lies in its concentrated acreage position in the prolific Midland Basin, allowing for efficient development through long-lateral horizontal drilling.
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.
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
DVN leads in 4 of 6 categories (Financial Metrics, Profitability & Efficiency). HPK leads in 2 (Valuation Metrics, Analyst Outlook).
Financial Metrics (TTM)
DVN is the larger business by revenue, generating $16.6B annually — 18.8x HPK's $882M. DVN is the more profitable business, keeping 15.9% of every revenue dollar as net income compared to HPK's 6.0%. On growth, DVN holds the edge at -6.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | HPKHighPeak Energy, … | DVNDevon Energy Corp… |
|---|---|---|
| RevenueTrailing 12 months | $882M | $16.6B |
| EBITDAEarnings before interest/tax | $657M | $6.9B |
| Net IncomeAfter-tax profit | $53M | $2.6B |
| Free Cash FlowCash after capex | $42M | $3.0B |
| Gross MarginGross profit ÷ Revenue | +31.5% | +22.7% |
| Operating MarginEBIT ÷ Revenue | +27.2% | +19.8% |
| Net MarginNet income ÷ Revenue | +6.0% | +15.9% |
| FCF MarginFCF ÷ Revenue | +4.7% | +18.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -30.5% | -6.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -142.9% | -9.1% |
Valuation Metrics
At 7.8x trailing earnings, HPK trades at a 25% valuation discount to DVN's 10.4x P/E. On an enterprise value basis, HPK's 1.9x EV/EBITDA is more attractive than DVN's 4.6x.
| Metric | HPKHighPeak Energy, … | DVNDevon Energy Corp… |
|---|---|---|
| Market CapShares × price | $654M | $27.0B |
| Enterprise ValueMkt cap + debt − cash | $1.6B | $34.3B |
| Trailing P/EPrice ÷ TTM EPS | 7.78x | 10.36x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 13.50x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 1.93x | 4.63x |
| Price / SalesMarket cap ÷ Revenue | 0.61x | 1.57x |
| Price / BookPrice ÷ Book value/share | 0.42x | 1.76x |
| Price / FCFMarket cap ÷ FCF | 9.45x | 8.66x |
Profitability & Efficiency
DVN delivers a 17.0% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $3 for HPK. DVN carries lower financial leverage with a 0.57x debt-to-equity ratio, signaling a more conservative balance sheet compared to HPK's 0.66x. On the Piotroski fundamental quality scale (0–9), DVN scores 5/9 vs HPK's 4/9, reflecting solid financial health.
| Metric | HPKHighPeak Energy, … | DVNDevon Energy Corp… |
|---|---|---|
| ROE (TTM)Return on equity | +3.3% | +17.0% |
| ROA (TTM)Return on assets | +1.7% | +8.4% |
| ROICReturn on invested capital | +10.0% | +12.3% |
| ROCEReturn on capital employed | +12.1% | +13.8% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.66x | 0.57x |
| Net DebtTotal debt minus cash | $963M | $7.3B |
| Cash & Equiv.Liquid assets | $87M | $1.4B |
| Total DebtShort + long-term debt | $1.0B | $8.8B |
| Interest CoverageEBIT ÷ Interest expense | 1.44x | 7.42x |
Total Returns (with DRIP)
A $10,000 investment in DVN five years ago would be worth $24,978 today (with dividends reinvested), compared to $4,469 for HPK. Over the past 12 months, DVN leads with a +22.8% total return vs HPK's -58.4%. The 3-year compound annual growth rate (CAGR) favors DVN at -3.3% vs HPK's -40.6% — a key indicator of consistent wealth creation.
| Metric | HPKHighPeak Energy, … | DVNDevon Energy Corp… |
|---|---|---|
| YTD ReturnYear-to-date | +16.6% | +14.9% |
| 1-Year ReturnPast 12 months | -58.4% | +22.8% |
| 3-Year ReturnCumulative with dividends | -79.0% | -9.5% |
| 5-Year ReturnCumulative with dividends | -55.3% | +149.8% |
| 10-Year ReturnCumulative with dividends | -39.6% | +194.4% |
| CAGR (3Y)Annualised 3-year return | -40.6% | -3.3% |
Risk & Volatility
DVN is the less volatile stock with a 1.24 beta — it tends to amplify market swings less than HPK's 1.76 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. DVN currently trades 94.3% from its 52-week high vs HPK's 39.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | HPKHighPeak Energy, … | DVNDevon Energy Corp… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.76x | 1.24x |
| 52-Week HighHighest price in past year | $13.12 | $46.15 |
| 52-Week LowLowest price in past year | $3.85 | $25.89 |
| % of 52W HighCurrent price vs 52-week peak | +39.7% | +94.3% |
| RSI (14)Momentum oscillator 0–100 | 53.5 | 54.7 |
| Avg Volume (50D)Average daily shares traded | 763K | 8.6M |
Analyst Outlook
Wall Street rates HPK as "Buy" and DVN as "Buy". Consensus price targets imply 130.3% upside for HPK (target: $12) vs 9.8% for DVN (target: $48). For income investors, HPK offers the higher dividend yield at 3.30% vs DVN's 2.26%.
| Metric | HPKHighPeak Energy, … | DVNDevon Energy Corp… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $12.00 | $47.78 |
| # AnalystsCovering analysts | 4 | 63 |
| Dividend YieldAnnual dividend ÷ price | +3.3% | +2.3% |
| Dividend StreakConsecutive years of raises | 2 | 0 |
| Dividend / ShareAnnual DPS | $0.17 | $0.98 |
| Buyback YieldShare repurchases ÷ mkt cap | +5.4% | +3.9% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| HighPeak Energy, In… (HPK) | 100 | 44.64 | -55.4% |
| Devon Energy Corpor… (DVN) | 100 | 246.11 | +146.1% |
Devon Energy Corpor… (DVN) returned +150% over 5 years vs HighPeak Energy, In… (HPK)'s -55%. 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 |
|---|---|---|---|
| HighPeak Energy, In… (HPK) | $8M | $1.1B | +13078.2% |
| Devon Energy Corpor… (DVN) | $10.5B | $17.2B | +63.4% |
Devon Energy Corporation's revenue grew from $10.5B (2016) to $17.2B (2025) — a 5.6% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| HighPeak Energy, In… (HPK) | -142.7% | 8.9% | +106.2% |
| Devon Energy Corpor… (DVN) | -31.4% | 15.4% | +149.0% |
Devon Energy Corporation's net margin went from -31% (2016) to 15% (2025).
Chart 4P/E Ratio History — 7 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| HighPeak Energy, In… (HPK) | 27.1 | 21.9 | -19.2% |
| Devon Energy Corpor… (DVN) | 24.4 | 8.7 | -64.3% |
HighPeak Energy, Inc. has traded in a 9x–27x P/E range over 4 years; current trailing P/E is ~8x. Devon Energy Corporation has traded in a 4x–24x P/E range over 7 years; current trailing P/E is ~10x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| HighPeak Energy, In… (HPK) | -0.13 | 0.67 | +615.4% |
| Devon Energy Corpor… (DVN) | -6.44 | 4.2 | +165.2% |
Devon Energy Corporation's EPS grew from $-6.44 (2016) to $4.20 (2025).
Chart 6Free Cash Flow — 5 Years
HighPeak Energy, Inc. generated $69M FCF in 2024 (+148% vs 2021). Devon Energy Corporation generated $3B FCF in 2025 (+8% vs 2021).
HPK vs DVN: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is HPK or DVN a better buy right now?
HighPeak Energy, Inc. (HPK) offers the better valuation at 7.8x trailing P/E, making it the more compelling value choice. Analysts rate HighPeak Energy, Inc. (HPK) a "Buy" — based on 4 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 — HPK or DVN?
On trailing P/E, HighPeak Energy, Inc. (HPK) is the cheapest at 7.8x versus Devon Energy Corporation at 10.4x.
03Which is the better long-term investment — HPK or DVN?
Over the past 5 years, Devon Energy Corporation (DVN) delivered a total return of +149.8%, compared to -55.3% for HighPeak Energy, Inc. (HPK). 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: DVN returned +194.4% versus HPK's -39.6%. 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 — HPK or DVN?
By beta (market sensitivity over 5 years), Devon Energy Corporation (DVN) is the lower-risk stock at 1.24β versus HighPeak Energy, Inc.'s 1.76β — meaning HPK is approximately 42% more volatile than DVN relative to the S&P 500. On balance sheet safety, Devon Energy Corporation (DVN) carries a lower debt/equity ratio of 57% versus 66% for HighPeak Energy, Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — HPK or DVN?
Devon Energy Corporation (DVN) is the more profitable company, earning 15.4% net margin versus 8.9% for HighPeak Energy, Inc. — meaning it keeps 15.4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HPK leads at 31.6% versus 22.0% for DVN. At the gross margin level — before operating expenses — HPK leads at 35.2%, 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 HPK or DVN more undervalued right now?
Analyst consensus price targets imply the most upside for HPK: 130.3% to $12.00.
07Which pays a better dividend — HPK or DVN?
All stocks in this comparison pay dividends. HighPeak Energy, Inc. (HPK) offers the highest yield at 3.3%, versus 2.3% for Devon Energy Corporation (DVN).
08Is HPK or DVN 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). HighPeak Energy, Inc. (HPK) carries a higher beta of 1.76 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (DVN: +194.4%, HPK: -39.6%), 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 HPK and DVN?
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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