DVN vs. TPL: Devon Energy vs. Texas Pacific Land Stock Comparison
How do Devon Energy (DVN) and Texas Pacific Land (TPL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Devon Energy (DVN) and Texas Pacific Land (TPL) are both classified in the Oil & Gas Exploration & Production sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.
| Profile Item | DVN | TPL |
|---|---|---|
| Name | Devon Energy Corporation | Texas Pacific Land Corporation |
| Country/Region | United States | United States |
| GICS Sector | Energy | Energy |
| GICS Industry Group | Energy | Energy |
| GICS Industry | Oil, Gas & Consumable Fuels | Oil, Gas & Consumable Fuels |
| GICS Sub-Industry | Oil & Gas Exploration & Production | Oil & Gas Exploration & Production |
| Market Capitalization | 48.11 billion USD | 18.79 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 22, 1985 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | DVN | TPL |
|---|---|---|
| Total Return (1Y) | 28.98% | -14.10% |
| Total Return (3Y, Annualized) | 1.94% | 16.13% |
| Total Return (5Y, Annualized) | 4.07% | 13.42% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Devon Energy (DVN) is heavily traded at around 10.82M shares per day, whereas Texas Pacific Land (TPL) sees a more moderate 380.93K — larger orders in the latter may require more patience and tighter control over order sizing.
| Metric | DVN | TPL |
|---|---|---|
| Volatility (1Y, Annualized) | 35.86% | 49.74% |
| Beta (5Y) | 0.51 | 0.62 |
| Max Drawdown (5Y) | -60.83% | -52.50% |
| Avg. Volume (3M) | 10.82M | 380.93K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | DVN | TPL |
|---|---|---|
| Sharpe Ratio (1Y) | 0.69 | -0.37 |
| Sortino Ratio (1Y) | 0.99 | -0.50 |
Profitability
ROE (TTM)
Texas Pacific Land (TPL) at 37.07% sits in the top ROE quartile, while Devon Energy (DVN) at 12.56% is closer to the peer norm — stronger capital efficiency for TPL.
DVN
Energy industry group
12.56%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- DVN
- 12.56%
- Q1
- 2.03%
- Min
- -29.09%
TPL
Energy industry group
37.07%
- Max
- 53.85%
- TPL
- 37.07%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
Texas Pacific Land (TPL) at 60.71% converts revenue to bottom-line profit above its industry’s benchmark range, while Devon Energy (DVN) at 16.29% keeps roughly the typical share for its industry.
DVN
Energy industry group
16.29%
- Max
- 56.92%
- Q3
- 22.92%
- DVN
- 16.29%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
TPL
Energy industry group
60.71%
- TPL
- 60.71%
- Max
- 56.92%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Texas Pacific Land (TPL) at 76.20% turns sales into operating profit above its industry’s benchmark range, while Devon Energy (DVN) at 19.84% operates around its industry’s norm.
DVN
Energy industry group
19.84%
- Max
- 71.31%
- Q3
- 33.75%
- DVN
- 19.84%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
TPL
Energy industry group
76.20%
- TPL
- 76.20%
- Max
- 71.31%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | DVN | TPL |
|---|---|---|
| ROE (TTM) | 12.56% | 37.07% |
| ROA (TTM) | 6.52% | 26.08% |
| Net Margin (TTM) | 16.29% | 60.71% |
| Operating Margin (TTM) | 19.84% | 76.20% |
| Gross Margin (TTM) | 53.48% | 94.09% |
Growth
Revenue Growth
Both Devon Energy (DVN) at 7.83% and Texas Pacific Land (TPL) at 13.09% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Both Devon Energy (DVN) at -8.55% and Texas Pacific Land (TPL) at 6.04% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | DVN | TPL |
|---|---|---|
| Revenue Growth (YoY) | 7.83% | 13.09% |
| Revenue Growth (3Y CAGR) | -3.57% | 6.15% |
| EPS Growth (YoY) | -8.55% | 6.04% |
| EPS Growth (3Y CAGR) | -22.96% | 2.78% |
Financial Strength
Current Ratio (MRQ)
Texas Pacific Land (TPL) at 5.41 carries current ratio above its industry’s typical mid-range, while Devon Energy (DVN) at 0.70 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
DVN
Energy industry group
0.70
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- DVN
- 0.70
- Min
- 0.24
TPL
Energy industry group
5.41
- TPL
- 5.41
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- Min
- 0.24
Debt / Equity (MRQ)
Both Devon Energy (DVN) at 0.26 and Texas Pacific Land (TPL) at 0.01 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.
DVN
Energy industry group
0.26
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- DVN
- 0.26
- Min
- 0.00
TPL
Energy industry group
0.01
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- TPL
- 0.01
- Min
- 0.00
Financial Strength Metrics
| Metric | DVN | TPL |
|---|---|---|
| Current Ratio (MRQ) | 0.70 | 5.41 |
| Debt / Equity (MRQ) | 0.26 | 0.01 |
| Net Debt / EBITDA | 1.05 | -0.44 |
Dividends
Dividend Yield (TTM)
Both Devon Energy (DVN) at 2.61% and Texas Pacific Land (TPL) at 0.86% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
DVN
Energy industry group
2.61%
- Max
- 8.57%
- Q3
- 3.58%
- DVN
- 2.61%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
TPL
Energy industry group
0.86%
- Max
- 8.57%
- Q3
- 3.58%
- Median
- 1.71%
- TPL
- 0.86%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Devon Energy (DVN) at 26.29% and Texas Pacific Land (TPL) at 27.42% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
DVN
Energy industry group
26.29%
- Max
- 133.24%
- Q3
- 53.31%
- DVN
- 26.29%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
TPL
Energy industry group
27.42%
- Max
- 133.24%
- Q3
- 53.31%
- TPL
- 27.42%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | DVN | TPL |
|---|---|---|
| Dividend Yield (TTM) | 2.61% | 0.86% |
| Dividend Payout Ratio (TTM) | 26.29% | 27.42% |
Valuation
P/E Ratio (TTM)
Devon Energy (DVN) at 9.91 is near its industry’s usual P/E ratio, while Texas Pacific Land (TPL) at 32.00 sits in the richer quartile — TPL needs stronger growth or earnings quality to justify the premium.
DVN
Energy industry group
9.91
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- DVN
- 9.91
- Q1
- 7.71
- Min
- 2.99
TPL
Energy industry group
32.00
- Max
- 39.54
- TPL
- 32.00
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
Devon Energy (DVN) at 2.18 prices around its industry’s typical P/S ratio, while Texas Pacific Land (TPL) at 19.41 clears its benchmark range — TPL looks notably rich on sales.
DVN
Energy industry group
2.18
- Max
- 5.40
- Q3
- 2.85
- DVN
- 2.18
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
TPL
Energy industry group
19.41
- TPL
- 19.41
- Max
- 5.40
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Devon Energy (DVN) at 1.15 sits near its industry’s typical P/B ratio, while Texas Pacific Land (TPL) at 10.42 prices above its benchmark range — TPL looks rich relative to book.
DVN
Energy industry group
1.15
- Max
- 4.21
- Q3
- 2.38
- Median
- 1.51
- DVN
- 1.15
- Q1
- 1.08
- Min
- 0.01
TPL
Energy industry group
10.42
- TPL
- 10.42
- Max
- 4.21
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | DVN | TPL |
|---|---|---|
| P/E Ratio (TTM) | 9.91 | 32.00 |
| P/S Ratio (TTM) | 2.18 | 19.41 |
| P/B Ratio (MRQ) | 1.15 | 10.42 |
| Free Cash Flow Yield (TTM) | 3.11% | 0.43% |