DEVON ENERGY CORP/DE vs Woodside Energy Group Ltd, two Oil & Gas stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
What is priced in: both Devon and Woodside trade near 12-13 times earnings, the market pricing neither for growth so much as cash return from their respective resources, US shale oil and Australian LNG. Devon earns the higher return on equity, 14.7% against 6.87%, its shale economics beating LNG's capital-heavy development returns; Woodside nets more per revenue dollar, 21.1% against 13.2%. Both run light-to-no debt. Woodside yields far more free cash, 20% against 11.2%. The pair prices two resource producers on different molecules and continents; Devon offers higher returns and faster shale response, Woodside the fatter cash yield and Asian LNG demand, and the market prices both as cheap, cash-generative resource plays with different commodity exposures.
Comparison updated 2026-07-11.
| Metric | DVN | WDS |
|---|---|---|
| Price | $42.18 | $18.95 |
| Market cap | $26.1B | $35.9B |
| Sector | Oil & Gas | Oil & Gas |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | -0.4% | — |
| P/E | 11.8 | 13.2 |
| P/B | 1.69 | 0.90 |
| P/S | 1.52 | 2.77 |
| EV/EBITDA | 9.4 | 7.8 |
| Revenue growth | +2.6% | +29.4% |
| Gross margin | — | 34.9% |
| Operating margin | — | 29.9% |
| Net margin | 13.2% | 21.1% |
| Return on equity | 14.7% | 6.9% |
| Return on assets | 7.0% | 4.1% |
| Return on invested capital | — | 7.8% |
| FCF yield | 11.2% | 20.0% |
| Dividend yield | 1.6% | — |
| Debt / equity | 0.61 | 0.00 |
| Current ratio | 1.01 | 1.59 |
| Altman Z (solvency) | 6.97 | 1.27 |
| Piotroski F (quality) | 8 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.