Comprehensive Stock Comparison
Compare Permian Resources Corporation (PR) 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 PR's -100.0% |
| Value | DVN | Lower P/E (13.5x vs 16.3x) |
| Quality / Margins | PR | 24.0% net margin vs DVN's 15.9% |
| Stability / Safety | DVN | Beta 1.24 vs PR's 1.34 |
| Dividends | PR | 3.3% yield, vs DVN's 2.3% |
| Momentum (1Y) | PR | +34.1% vs DVN's +22.8% |
| Efficiency (ROA) | DVN | 8.4% ROA vs PR's 5.2%, ROIC 12.3% vs 8.5% |
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
Permian Resources is an independent oil and gas company focused on developing crude oil and liquids-rich natural gas reserves in the Delaware Basin of West Texas and New Mexico. It generates revenue primarily from oil sales (roughly 70% of total revenue), with natural gas and natural gas liquids making up the remainder. The company's competitive advantage lies in its concentrated, high-quality acreage position in the core of the Delaware Basin — one of the most productive and cost-competitive oil regions in the United States.
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
PR 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 — 4.3x PR's $3.9B. PR is the more profitable business, keeping 24.0% of every revenue dollar as net income compared to DVN's 15.9%. On growth, DVN holds the edge at -6.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | PRPermian Resources… | DVNDevon Energy Corp… |
|---|---|---|
| RevenueTrailing 12 months | $3.9B | $16.6B |
| EBITDAEarnings before interest/tax | $3.5B | $6.9B |
| Net IncomeAfter-tax profit | $935M | $2.6B |
| Free Cash FlowCash after capex | $3.6B | $3.0B |
| Gross MarginGross profit ÷ Revenue | +40.2% | +22.7% |
| Operating MarginEBIT ÷ Revenue | +37.5% | +19.8% |
| Net MarginNet income ÷ Revenue | +24.0% | +15.9% |
| FCF MarginFCF ÷ Revenue | +92.6% | +18.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -100.0% | -6.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +55.2% | -9.1% |
Valuation Metrics
At 10.4x trailing earnings, DVN trades at a 27% valuation discount to PR's 14.3x P/E. On an enterprise value basis, PR's 0.4x EV/EBITDA is more attractive than DVN's 4.6x.
| Metric | PRPermian Resources… | DVNDevon Energy Corp… |
|---|---|---|
| Market CapShares × price | $1.5B | $27.0B |
| Enterprise ValueMkt cap + debt − cash | $1.5B | $34.3B |
| Trailing P/EPrice ÷ TTM EPS | 14.29x | 10.36x |
| Forward P/EPrice ÷ next-FY EPS est. | 16.35x | 13.50x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 0.44x | 4.63x |
| Price / SalesMarket cap ÷ Revenue | — | 1.57x |
| Price / BookPrice ÷ Book value/share | 1.16x | 1.76x |
| Price / FCFMarket cap ÷ FCF | 0.43x | 8.66x |
Profitability & Efficiency
DVN delivers a 17.0% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $8 for PR. PR carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to DVN's 0.57x. On the Piotroski fundamental quality scale (0–9), DVN scores 5/9 vs PR's 4/9, reflecting solid financial health.
| Metric | PRPermian Resources… | DVNDevon Energy Corp… |
|---|---|---|
| ROE (TTM)Return on equity | +8.1% | +17.0% |
| ROA (TTM)Return on assets | +5.2% | +8.4% |
| ROICReturn on invested capital | +8.5% | +12.3% |
| ROCEReturn on capital employed | +9.2% | +13.8% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.01x | 0.57x |
| Net DebtTotal debt minus cash | -$19M | $7.3B |
| Cash & Equiv.Liquid assets | $154M | $1.4B |
| Total DebtShort + long-term debt | $135M | $8.8B |
| Interest CoverageEBIT ÷ Interest expense | 7.62x | 7.42x |
Total Returns (with DRIP)
A $10,000 investment in PR five years ago would be worth $49,064 today (with dividends reinvested), compared to $24,978 for DVN. Over the past 12 months, PR leads with a +34.1% total return vs DVN's +22.8%. The 3-year compound annual growth rate (CAGR) favors PR at 22.5% vs DVN's -3.3% — a key indicator of consistent wealth creation.
| Metric | PRPermian Resources… | DVNDevon Energy Corp… |
|---|---|---|
| YTD ReturnYear-to-date | +27.0% | +14.9% |
| 1-Year ReturnPast 12 months | +34.1% | +22.8% |
| 3-Year ReturnCumulative with dividends | +83.8% | -9.5% |
| 5-Year ReturnCumulative with dividends | +390.6% | +149.8% |
| 10-Year ReturnCumulative with dividends | +99.2% | +194.4% |
| CAGR (3Y)Annualised 3-year return | +22.5% | -3.3% |
Risk & Volatility
DVN is the less volatile stock with a 1.24 beta — it tends to amplify market swings less than PR's 1.34 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PR currently trades 98.4% from its 52-week high vs DVN's 94.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | PRPermian Resources… | DVNDevon Energy Corp… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.34x | 1.24x |
| 52-Week HighHighest price in past year | $18.58 | $46.15 |
| 52-Week LowLowest price in past year | $10.01 | $25.89 |
| % of 52W HighCurrent price vs 52-week peak | +98.4% | +94.3% |
| RSI (14)Momentum oscillator 0–100 | 69.2 | 54.7 |
| Avg Volume (50D)Average daily shares traded | 9.3M | 8.6M |
Analyst Outlook
Wall Street rates PR as "Buy" and DVN as "Buy". Consensus price targets imply 9.8% upside for DVN (target: $48) vs 4.6% for PR (target: $19). For income investors, PR offers the higher dividend yield at 3.35% vs DVN's 2.26%.
| Metric | PRPermian Resources… | DVNDevon Energy Corp… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $19.13 | $47.78 |
| # AnalystsCovering analysts | 18 | 63 |
| Dividend YieldAnnual dividend ÷ price | +3.3% | +2.3% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.61 | $0.98 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +3.9% |
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 |
|---|---|---|---|
| Permian Resources C… (PR) | 100 | 664.14 | +564.1% |
| Devon Energy Corpor… (DVN) | 100 | 247.17 | +147.2% |
Permian Resources C… (PR) returned +391% over 5 years vs Devon Energy Corpor… (DVN)'s +150%. A $10,000 investment in PR 5 years ago would be worth $49,064 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Permian Resources C… (PR) | $99M | $0.00 | -100.0% |
| Devon Energy Corpor… (DVN) | $10.5B | $17.2B | +63.4% |
Permian Resources Corporation's revenue grew from $99M (2016) to $0M (2025) — a -100.0% CAGR. 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 |
|---|---|---|---|
| Permian Resources C… (PR) | -2.3% | 19.7% | +958.1% |
| 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 — 8 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Permian Resources C… (PR) | 61.9 | 11 | -82.2% |
| Devon Energy Corpor… (DVN) | 24.4 | 8.7 | -64.3% |
Permian Resources Corporation has traded in a 6x–77x P/E range over 8 years; current trailing P/E is ~14x. 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 |
|---|---|---|---|
| Permian Resources C… (PR) | -3.55 | 1.28 | +136.1% |
| Devon Energy Corpor… (DVN) | -6.44 | 4.2 | +165.2% |
Permian Resources Corporation's EPS grew from $-3.55 (2016) to $1.28 (2025). Devon Energy Corporation's EPS grew from $-6.44 (2016) to $4.20 (2025).
Chart 6Free Cash Flow — 5 Years
Permian Resources Corporation generated $4B FCF in 2025 (+1717% vs 2021). Devon Energy Corporation generated $3B FCF in 2025 (+8% vs 2021).
PR vs DVN: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is PR or DVN a better buy right now?
Devon Energy Corporation (DVN) offers the better valuation at 10.4x trailing P/E (13.5x forward), making it the more compelling value choice. Analysts rate Permian Resources Corporation (PR) a "Buy" — based on 18 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 — PR or DVN?
On trailing P/E, Devon Energy Corporation (DVN) is the cheapest at 10.4x versus Permian Resources Corporation at 14.3x. On forward P/E, Devon Energy Corporation is actually cheaper at 13.5x.
03Which is the better long-term investment — PR or DVN?
Over the past 5 years, Permian Resources Corporation (PR) delivered a total return of +390.6%, compared to +149.8% for Devon Energy Corporation (DVN). A $10,000 investment in PR five years ago would be worth approximately $49K today (assuming dividends reinvested). Over 10 years, the gap is even starker: DVN returned +194.4% versus PR's +99.2%. 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 — PR or DVN?
By beta (market sensitivity over 5 years), Devon Energy Corporation (DVN) is the lower-risk stock at 1.24β versus Permian Resources Corporation's 1.34β — meaning PR is approximately 8% more volatile than DVN relative to the S&P 500. On balance sheet safety, Permian Resources Corporation (PR) carries a lower debt/equity ratio of 1% versus 57% for Devon Energy Corporation — giving it more financial flexibility in a downturn.
05Which has better profit margins — PR or DVN?
Permian Resources Corporation (PR) is the more profitable company, earning 24.0% net margin versus 15.4% for Devon Energy Corporation — meaning it keeps 24.0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PR leads at 37.5% versus 22.0% for DVN. At the gross margin level — before operating expenses — PR leads at 40.2%, 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 PR or DVN more undervalued right now?
On forward earnings alone, Devon Energy Corporation (DVN) trades at 13.5x forward P/E versus 16.3x for Permian Resources Corporation — 2.8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DVN: 9.8% to $47.78.
07Which pays a better dividend — PR or DVN?
All stocks in this comparison pay dividends. Permian Resources Corporation (PR) offers the highest yield at 3.3%, versus 2.3% for Devon Energy Corporation (DVN).
08Is PR 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). Both have compounded well over 10 years (DVN: +194.4%, PR: +99.2%), 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 PR 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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