DVN vs EXE vs MUR Stock Comparison

Devon Energy, Expand Energy and Murphy Oil Prices as of Oct 26, 2026 Peers: Industry group
DVN Devon Energy Corp/De
$51.63 +9.7% 1M +56.6% 1Y
Market cap
$47.97B
P/E
14.6x
Revenue (TTM)
$20.38B
Div. yield
0.02%
Oil and Gas Exploration and Production Energy
3 wins
EXE EXPAND ENERGY Corp
$94.02 +8.3% 1M -9.4% 1Y
Market cap
$22.54B
P/E
8.1x
Revenue (TTM)
$13.60B
Div. yield
0.03%
Oil and Gas Exploration and Production Energy
8 wins
MUR Murphy Oil Corp
$44.23 +21.7% 1M +52.9% 1Y
Market cap
$6.18B
P/E
21.0x
Revenue (TTM)
$3.00B
Div. yield
0.03%
Oil and Gas Exploration and Production Energy
1 win

Head to Head

12 decided of 12

Expand Energy leads on 8 of the 12 questions below (Expand Energy 8, Devon Energy 3, Murphy Oil 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDVNEXEMURLeader
Larger companyMarket capitalisation $47.97B $22.54B $6.18B DVN
Cheaper on earningsLower P/E, profitable companies only 14.6x 8.1x 21.0x EXE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.1x 10.4x 11.1x DVN
Faster revenue growthRevenue growth, trailing twelve months +18.1% +59.3% +7.3% EXE
More profitableNet margin, trailing twelve months 16.1% 20.5% 9.8% EXE
Better return on capitalReturn on invested capital -3.5% 12.1% 5.8% EXE
Less leveragedLower net debt / EBITDA 4.1x 0.5x 0.7x EXE
Higher dividend yieldTrailing dividend yield 0.02% 0.03% 0.03% EXE
Better 1-year returnPrice return, last 12 months +56.6% -9.4% +52.9% DVN
Better 5-year returnAnnualised price return, 5 years +5.4%/yr +7.3%/yr +10.2%/yr MUR
Less volatileAnnualised volatility, 1 year 34.1% 30.3% 46.5% EXE
Higher overall scoreMean of the five percentile scores vs peers 48/100 83/100 49/100 EXE

Percentile Scorecard

DVNEXEMUR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDVNEXEMUR
Valuation 39 #61 of 99 96 #5 of 99 71 #29 of 99
Growth 70 #30 of 97 95 #6 of 97 24 #74 of 97
Profitability 46 #52 of 96 76 #24 of 96 58 #41 of 96
Financial Health 37 #65 of 102 73 #28 of 102 55 #47 of 102
Shareholder Returns 48 #40 of 76 73 #21 of 76 37 #48 of 76
Overall 48 83 49
  • DVN ranked among 103 companies in Oil and Gas Upstream
  • EXE ranked among 103 companies in Oil and Gas Upstream
  • MUR ranked among 103 companies in Oil and Gas Upstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDVNEXEMURSPY
1 month +9.7%+8.3%+21.7% -0.8%
3 months +19.6%+3.9%+17.9% +3.5%
6 months +7.1%-2.4%+12.4% +7.0%
Year to date +41.0%-14.8%+41.5% +12.2%
1 year +56.6%-9.4%+52.9% +13.0%
3 years +10.4%+9.6%-2.4% +86.3%
3 years, per year +3.4%+3.1%-0.8% +23.1%
5 years +30.3%+42.0%+62.1% +68.6%
5 years, per year +5.4%+7.3%+10.2% +11.0%
10 years +28.4%—+48.9% +258.0%
10 years, per year +2.5%—+4.1% +13.6%

Risk

MeasureDVNEXEMURSPY
Volatility, 1Y 34.1%30.3%46.5% 12.7%
Downside volatility, 1Y 33.3%29.2%48.5% 12.7%
Beta vs S&P 500, 1Y -0.73-0.14-0.87 1.00
Return / volatility, 1Y 1.66-0.311.14 1.02
Max drawdown, 5Y -65.7%-32.9%-61.3% -25.4%
From 52-week high -0.8%-23.5%-0.3% -1.8%
52-week high $52.07$122.89$44.35 $779.14
52-week low $32.01$84.09$26.57 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDVNEXEMUR
P/E now vs peer median 14.7xmedian 13.5x 8.1xmedian 13.5x 21.6xmedian 13.5x
P/S now vs peer median 2.8xmedian 2.1x 1.6xmedian 2.1x 2.1xmedian 2.1x
EV/EBITDA now vs peer median 24.8xmedian 5.9x 3.8xmedian 5.9x 4.6xmedian 5.9x
P/FCF now vs peer median 38.5xmedian 11.0x 8.1xmedian 11.0x 20.7xmedian 11.0x
P/B now vs peer median 1.4xmedian 1.5x 1.1xmedian 1.5x 1.2xmedian 1.5x
PEG now vs peer median -0.66median 2.27 -0.23median 2.27 -0.67median 2.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDVNEXEMUR
Revenue $20.38B $13.60B $3.00B
Gross profit $14.11B $10.38B –
Operating income -$1.35B $3.66B $558.07M
Net income $3.29B $2.78B $346.53M
Free cash flow $1.48B $2.68B $306.28M
R&D $54.00M $49.00M $208.92M
EPS (diluted) $3.49 $11.67 $2.01
Cash & equivalents – $663.00M $483.88M
Total debt $11.39B $3.69B $6.00B
Shares (diluted) 940.00M 238.36M 146.15M
Enterprise value $47.97B $18.43B $4.52B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDVNEXEMUR
P/E 14.7x 8.1x 21.6x
P/FCF 38.5x 8.1x 20.7x
P/Operating cash flow 6.6x 3.8x 4.0x
P/S 2.8x 1.6x 2.1x
P/B 1.4x 1.1x 1.2x
P/Tangible book 1.4x 1.1x 1.2x
EV/EBITDA 24.8x 3.8x 4.6x
EV/EBIT -50.4x 6.8x 13.3x
EV/Revenue 3.3x 1.8x 2.5x
EV/FCF 46.2x 9.3x 24.2x
EV/Operating cash flow 8.0x 4.4x 4.7x
PEG (3Y EPS CAGR) -0.66 -0.23 -0.67

Growth

14 metrics
MetricDVNEXEMUR
Revenue growth (1Y) 18.1% 59.3% 7.3%
Revenue CAGR (3Y) 5.9% 2.7% -7.7%
Gross profit growth (1Y) 18.4% 73.5% –
Gross profit CAGR (3Y) 4.9% 4.3% –
Operating income growth (1Y) 11.9% 696.1% 11.5%
Operating income CAGR (3Y) -44.2% -13.0% -28.7%
Net income growth (1Y) 13.2% 1,250% 1.9%
Net income CAGR (3Y) -11.9% -23.6% -32.1%
EPS growth (1Y) -22.0% 1,262% 1.2%
EPS CAGR (3Y) -22.4% -35.3% -32.2%
Operating cash flow growth (1Y) 25.5% 75.5% 3.0%
Operating cash flow CAGR (3Y) 6.4% 14.5% -7.4%
Free cash flow growth (1Y) 337.8% 129.4% -32.0%
Free cash flow CAGR (3Y) 11.7% 16.9% -26.2%

Profitability

14 metrics
MetricDVNEXEMUR
Gross margin 69.3% 76.3% –
EBITDA margin 13.5% 48.5% 53.4%
Operating margin -6.6% 26.9% 18.6%
Pretax margin -8.8% 26.0% 16.2%
Net margin 16.1% 20.5% 9.8%
FCF margin 7.2% 19.7% 10.2%
Operating cash flow margin 42.0% 41.6% 52.3%
Return on equity 11.5% 14.3% 6.5%
Return on assets 6.4% 9.7% 3.4%
Return on invested capital -3.5% 12.1% 5.8%
Return on capital employed -3.0% 14.2% 6.2%
Asset turnover 0.4x 0.5x 0.3x
Cash conversion (OCF / net income) 2.6x 2.0x 4.5x
Stock comp / revenue 0.7% 0.3% 1.6%

Financial Health

11 metrics
MetricDVNEXEMUR
Debt / assets 16.1% 13.1% 15.1%
Debt / equity 0.3x 0.2x 0.3x
Net debt / EBITDA 4.1x 0.5x 0.7x
Debt / FCF 7.7x 1.4x 5.1x
Liabilities / assets 41.1% 30.8% 47.4%
Equity / assets 58.9% 69.2% 52.6%
Interest coverage -2.7x 16.8x 5.5x
Current ratio 0.7x 1.0x 0.9x
Quick ratio – 0.6x 0.9x
Cash ratio – 0.2x 0.4x
Altman Z-score 1.59 2.71 2.17

Shareholder Returns

7 metrics
MetricDVNEXEMUR
Dividend yield 2.2% 2.4% 3.1%
Net buyback yield 1.3% 2.6% 0.0%
Shareholder yield 3.5% 5.0% 3.1%
Payout ratio (earnings) 25.0% 27.5% 55.7%
Payout ratio (FCF) 55.6% 28.6% 63.1%
Dividend growth (1Y) 11.9% 55.8% 6.2%
Dividend CAGR (3Y) -34.6% -9.7% 5.7%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDVNEXEMUR
Forward P/E 9.1xFY2026 10.4xFY2026 11.1xFY2026
EPS, next fiscal year $5.69FY2026 $9.02FY2026 $3.98FY2026
EPS growth, next FY +45.2%FY2026 +47.9%FY2026 +190.5%FY2026
EPS growth, the year after -5.1% -14.2% -7.3%
Revenue, next fiscal year $24.57BFY2026 $12.26BFY2026 $3.42BFY2026
Revenue growth, next FY +42.9%FY2026 +1.2%FY2026 +25.8%FY2026
Revenue growth, the year after +2.6% +6.9% -9.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDVNEXEMUR
Held by institutions 92.2% – 88.2%
Institutions holding 1,458 – 434
Change in shares held, QoQ +86.7% – -0.6%
Institutions buying 1,138 – 212
Institutions selling 231 – 139
Buyers to sellers 4.93 – 1.53

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DVNEXEMUR
DVN 1.00 0.46 0.72
EXE 0.46 1.00 0.28
MUR 0.72 0.28 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DVN, EXE and MUR?

Devon Energy (DVN) is the largest by market capitalisation: Devon Energy (DVN) $47.97B, Expand Energy (EXE) $22.54B, Murphy Oil (MUR) $6.18B.

Which stock is cheaper, DVN, EXE and MUR?

Expand Energy (EXE) trades on the lowest price-to-earnings ratio (Devon Energy (DVN) 14.6x, Expand Energy (EXE) 8.1x, Murphy Oil (MUR) 21.0x). On next year's consensus earnings, Devon Energy (DVN) is cheapest (Devon Energy (DVN) 9.1x, Expand Energy (EXE) 10.4x, Murphy Oil (MUR) 11.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Expand Energy (EXE) grew revenue fastest over the trailing twelve months: Devon Energy (DVN) +18.1%, Expand Energy (EXE) +59.3%, Murphy Oil (MUR) +7.3%.

Which company is more profitable?

Expand Energy (EXE) has the highest net margin (Devon Energy (DVN) 16.1%, Expand Energy (EXE) 20.5%, Murphy Oil (MUR) 9.8%). On return on invested capital, Expand Energy (EXE) leads (Devon Energy (DVN) -3.5%, Expand Energy (EXE) 12.1%, Murphy Oil (MUR) 5.8%).

Which stock has performed better?

Over the past year Devon Energy (DVN) returned the most: Devon Energy (DVN) +56.6%, Expand Energy (EXE) -9.4%, Murphy Oil (MUR) +52.9%. Over five years, Murphy Oil (MUR) compounded fastest (Devon Energy (DVN) +5.4%/yr, Expand Energy (EXE) +7.3%/yr, Murphy Oil (MUR) +10.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Expand Energy (EXE) has the highest dividend yield: Devon Energy (DVN) 0.02%, Expand Energy (EXE) 0.03%, Murphy Oil (MUR) 0.03%.

Which stock is riskier?

By one-year price volatility, Expand Energy (EXE) has been the steadiest (Devon Energy (DVN) 34.1%, Expand Energy (EXE) 30.3%, Murphy Oil (MUR) 46.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DVN, EXE and MUR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Expand Energy (EXE) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.