FANG vs DVN Stock Comparison: AI Score, Valuation, Performance and Upside
FANG and DVN are both large US independents with opposite portfolio philosophies. Diamondback concentrates entirely on the Permian, where contiguous acreage and scale deliver very low costs but no diversification. Devon operates across five basins, which allows capital to flow to the best opportunities but sacrifices the operational focus and cost efficiency of a single-basin operator.
Use this FANG vs DVN comparison to decide whether concentration or optionality matters more to you. Diamondback's single-basin focus is the reason for its cost advantage, and also the reason a Permian-specific pipeline, water, or regulatory issue would hit it fully. Devon's spread costs efficiency but provides genuine alternatives.
DVN holds the edge across 3 of 5 key metrics in this comparison. DVN leads on both 1-year return (+33.63%) and forward P/E quality (8.84x vs 10.91x for FANG), a relatively favorable combination of momentum and valuation. On fundamentals, DVN is growing revenue faster (64.20%), while FANG maintains the higher operating margin (48.47%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for DVN (+25.74%) than for FANG (+17.64%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want the lowest-cost concentrated exposure to Permian oil
- Value operational simplicity and acreage contiguity
- Like the added cash flow from the royalty affiliate
- Accept single-basin concentration and infrastructure constraint risk
- Want multi-basin diversification across oil and gas
- Value the flexibility to allocate capital to the best returns
- Prefer commodity mix diversity to pure oil exposure
- Accept operational complexity and uneven results across regions
| Metric | FANG | DVN |
|---|---|---|
| AI scorei | 56.0 | 45.9 |
| AI ranki | #224 | #674 |
| Latest closei | $186.67 | $47.05 |
| 1M returni | -6.59% | +0.47% |
| 6M returni | -7.52% | -9.64% |
| 1Y returni | +29.09% | +33.63% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | FANG | DVN |
|---|---|---|
| 1Y ago | $12.8K (+28.0%) started 2025-09-25 | $13.16K (+31.6%) started 2025-09-25 |
| 5Y ago | $28.55K (+185.5%) started 2021-09-27 | $20.37K (+103.7%) started 2021-09-27 |
| 10Y ago | $34.66K (+246.6%) started 2016-09-26 | $24.35K (+143.5%) started 2016-09-26 |
Hypothetical — past performance does not guarantee future results.
| Metric | FANG | DVN |
|---|---|---|
| Market capi | $55.35B | $52.08B |
| Trailing P/Ei | 37.58 | 10.29 |
| Forward P/Ei | 10.91 | 8.84 |
| Price/Salesi | 3.34 | N/A |
| EV/Revenuei | 4.53 | 3.36 |
| Analyst targeti | $232.54 | $59.54 |
| Target upsidei | +17.64% | +25.74% |
| Metric | FANG | DVN |
|---|---|---|
| Revenue growthi | 52.50% | 64.20% |
| Earnings growthi | 179.50% | 44.00% |
| EPS growthi | +179.50% | +44.00% |
| FCF margini | +30.99% | +4.17% |
| Operating margini | 48.47% | 41.08% |
| Profit margini | 9.03% | 17.46% |
| ROIC proxyi | 3.49% | 11.52% |
| Return on equityi | 3.49% | 11.52% |
| Dividend yieldi | 2.23% | 2.72% |
| Payout ratioi | 79.05% | 22.61% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 0.42 | 0.42 |
| Debt/equityi | 28.68 | 28.49 |
| Current ratioi | 0.47 | 0.72 |
| Quick ratioi | 0.42 | 0.58 |
Over the past year, FANG and DVN have moved strongly in the same direction (correlation of 0.82), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | FANG | DVN |
|---|---|---|---|
| 1Y | Growthi | +28.04% | +31.57% |
| CAGRi | +28.09% | +31.62% | |
| Volatilityi | 32.73% | 34.98% | |
| Sharpe ratioi | 0.79 | 0.83 | |
| Sortino ratioi | 1.12 | 1.20 | |
| Max drawdowni | 19.53% | 22.70% | |
| Current drawdowni | 12.64% | 9.64% | |
| Avg drawdowni | 5.32% | 7.79% | |
| Ulcer Indexi | 6.88% | 9.77% | |
| Max daily dropi | 8.03% | 8.61% | |
| Max wkly dropi | 12.78% | 11.80% | |
| 5Y | Growthi | +134.24% | +63.78% |
| CAGRi | +18.58% | +10.38% | |
| Volatilityi | 36.65% | 40.04% | |
| Sharpe ratioi | 0.53 | 0.34 | |
| Sortino ratioi | 0.75 | 0.47 | |
| Max drawdowni | 42.10% | 60.83% | |
| Current drawdowni | 12.64% | 31.23% | |
| Avg drawdowni | 13.40% | 30.86% | |
| Ulcer Indexi | 16.83% | 34.82% | |
| Max daily dropi | 12.68% | 12.76% | |
| Max wkly dropi | 25.87% | 28.67% | |
| 10Y | Growthi | +163.57% | +64.99% |
| CAGRi | +10.18% | +5.14% | |
| Volatilityi | 49.15% | 49.38% | |
| Sharpe ratioi | 0.36 | 0.26 | |
| Sortino ratioi | 0.51 | 0.37 | |
| Max drawdowni | 88.72% | 88.51% | |
| Current drawdowni | 12.64% | 31.23% | |
| Avg drawdowni | 22.21% | 35.19% | |
| Ulcer Indexi | 29.80% | 40.36% | |
| Max daily dropi | 44.65% | 37.40% | |
| Max wkly dropi | 57.10% | 53.93% |
| Category | FANG | DVN |
|---|---|---|
| Company | Diamondback Energy, Inc. | Devon Energy Corporation |
| Sector | Energy | Energy |
| Industry | Oil & Gas E&P | Oil & Gas E&P |
| Core business | Pure-play Permian Basin producer concentrated in the Midland Basin, substantially enlarged by the Endeavor acquisition, with a mineral and royalty affiliate providing additional cash flow with no drilling cost. | Multi-basin US producer with operations in the Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin, and Powder River Basin, giving it geographic and commodity mix diversity across oil and gas. |
| Investor focus | Permian well costs and productivity, integration of acquired acreage, free cash flow, leverage, and the mix of dividends and buybacks. | Delaware Basin well performance, portfolio-wide capital allocation, acquisition integration, free cash flow, and the balance of dividends and buybacks. |
- Among the lowest cost structures in US shale thanks to concentrated contiguous acreage
- Scale in a single basin reduces operating complexity and improves logistics
- Royalty affiliate generates cash flow without capital spending
- Multi-basin footprint allows capital to be directed toward the best returns at any time
- Diversified commodity mix across oil, gas, and liquids
- Has returned substantial cash through dividends and buybacks
- Single-basin concentration means Permian-specific problems have nowhere to be offset
- Permian infrastructure constraints, particularly gas takeaway and water handling, affect realised prices and costs
- Large acquisitions require integration and added leverage
- Operating across five basins adds complexity and reduces the focus advantage of a pure-play
- Well productivity in some non-core areas has disappointed relative to expectations
- Fully exposed to commodity prices without downstream operations
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