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Devon Energy vs Diamondback Energy: DVN and FANG compared
Devon Energy is the larger company: $6.9B of revenue in its latest quarter (Q3 2026) against $5.4B for Diamondback Energy (Q3 2026). Devon Energy is growing faster (+58% against +38% a year earlier). Diamondback Energy is more profitable, with an operating margin of 46.0% against 18.3%.
Where the money goes: DVN and FANG
Devon Energy (DVN) · Q3 2026
Devon Energy, Q3 2026: revenue $6.9B (+58% year over year), operating margin 18.3%, net earnings $1.0B, operating cash flow $2.8B. The chart follows the revenue to costs, profit and cash.
Diamondback Energy (FANG) · Q3 2026
Diamondback Energy, Q3 2026: revenue $5.4B (+38% year over year), operating margin 46.0%, net earnings $1.6B, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
| Devon Energy (DVN) | Diamondback Energy (FANG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $6.9B | $5.4B |
| Revenue growth, Y/Y | +58% | +38% |
| Operating margin | 18.3% | 46.0% |
| Net earnings | $1.0B | $1.6B |
| Net margin | 14.7% | 29.5% |
| Operating cash flow | $2.8B | $2.6B |
| Free cash flow | $1.3B | $1.4B |
| Market value | $49.1B | $50.3B |
| P/E | 13.6× | 24.2× |
| Analysts’ mean target | $61.52 | $238.73 |
Questions
Which is bigger, Devon Energy or Diamondback Energy?
Devon Energy is the larger company: $6.9B of revenue in its latest quarter (Q3 2026) against $5.4B for Diamondback Energy (Q3 2026).
Is Devon Energy or Diamondback Energy growing faster?
Devon Energy is growing faster (+58% against +38% a year earlier).
Which is more profitable, Devon Energy or Diamondback Energy?
Diamondback Energy is more profitable, with an operating margin of 46.0% against 18.3%.
More: Devon Energy earnings · how Devon Energy makes money · Diamondback Energy earnings · how Diamondback Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.