DVN vs MPLX vs WMB Stock Comparison

Devon Energy, Mplx and Williams Companies Prices as of Oct 28, 2026 Peers: Industry group
DVN Devon Energy Corp/De
$51.28 +9.7% 1M +60.2% 1Y
Market cap
$56.41B
P/E
14.6x
Revenue (TTM)
$20.38B
Div. yield
2.18%
Oil and Gas Exploration and Production Energy
3 wins
MPLX Mplx Lp
$58.92 +2.2% 1M +16.1% 1Y
Market cap
$59.74B
P/E
12.7x
Revenue (TTM)
$13.22B
Div. yield
7.33%
Oil and Gas Pipelines Energy
6 wins
WMB Williams Companies, Inc.
$74.28 +7.7% 1M +29.0% 1Y
Market cap
$90.86B
P/E
26.9x
Revenue (TTM)
$12.20B
Div. yield
2.81%
Oil and Gas Pipelines Energy
3 wins

Head to Head

12 decided of 12

Mplx leads on 6 of the 12 questions below (Mplx 6, Williams Companies 3, Devon Energy 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDVNMPLXWMBLeader
Larger companyMarket capitalisation $56.41B $59.74B $90.86B WMB
Cheaper on earningsLower P/E, profitable companies only 14.6x 12.7x 26.9x MPLX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.0x 14.4x 28.9x DVN
Faster revenue growthRevenue growth, trailing twelve months +18.1% +8.7% +8.7% DVN
More profitableNet margin, trailing twelve months 16.1% 35.8% 27.7% MPLX
Better return on capitalReturn on invested capital -3.5% 14.6% — MPLX
Less leveragedLower net debt / EBITDA 4.1x 3.4x 0.9x WMB
Higher dividend yieldTrailing dividend yield 2.18% 7.33% 2.81% MPLX
Better 1-year returnPrice return, last 12 months +60.2% +16.1% +29.0% DVN
Better 5-year returnAnnualised price return, 5 years +5.1%/yr +14.4%/yr +21.5%/yr WMB
Less volatileAnnualised volatility, 1 year 33.9% 17.2% 25.0% MPLX
Higher overall scoreMean of the five percentile scores vs peers 46/100 56/100 39/100 MPLX

Percentile Scorecard

DVNMPLXWMB

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

AxisDVNMPLXWMB
Valuation 39 #61 of 99 35 #23 of 35 3 #34 of 35
Growth 66 #34 of 97 27 #25 of 34 39 #21 of 34
Profitability 46 #52 of 96 91 #4 of 34 76 #9 of 34
Financial Health 35 #67 of 102 56 #16 of 35 53 #17 of 35
Shareholder Returns 45 #43 of 77 70 #10 of 31 23 #24 of 31
Overall 46 56 39
  • DVN ranked among 103 companies in Oil and Gas Upstream
  • MPLX ranked among 35 companies in Oil and Gas Midstream
  • WMB ranked among 35 companies in Oil and Gas Midstream

Price Performance

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

Returns

PeriodDVNMPLXWMBSPY
1 month +9.7%+2.2%+7.7% +0.9%
3 months +15.3%+2.1%+5.9% +5.9%
6 months +0.4%+6.1%+1.3% +8.5%
Year to date +40.0%+10.4%+23.6% +13.3%
1 year +60.2%+16.1%+29.0% +12.4%
3 years +9.6%+65.1%+118.1% +88.1%
3 years, per year +3.1%+18.2%+29.7% +23.5%
5 years +27.9%+95.6%+164.4% +68.2%
5 years, per year +5.1%+14.4%+21.5% +11.0%
10 years +30.9%+75.8%+150.4% +263.4%
10 years, per year +2.7%+5.8%+9.6% +13.8%

Risk

MeasureDVNMPLXWMBSPY
Volatility, 1Y 33.9%17.2%25.0% 12.7%
Downside volatility, 1Y 33.0%18.0%24.9% 12.7%
Beta vs S&P 500, 1Y -0.73-0.040.05 1.00
Return / volatility, 1Y 1.780.941.16 0.98
Max drawdown, 5Y -65.7%-20.1%-25.2% -25.4%
From 52-week high -1.5%-2.5%-6.4% -0.9%
52-week high $52.07$60.43$79.40 $779.14
52-week low $32.01$50.29$56.51 $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.

MultipleDVNMPLXWMB
P/E now vs peer median 14.6xmedian 12.4x 12.7xmedian 19.6x 26.9xmedian 19.6x
P/S now vs peer median 2.8xmedian 2.0x 4.5xmedian 2.7x 7.4xmedian 2.7x
EV/EBITDA now vs peer median 24.6xmedian 5.9x 11.6xmedian 10.9x 13.9xmedian 10.9x
P/FCF now vs peer median 38.2xmedian 10.0x 17.9xmedian 16.6x -841.3xmedian 16.6x
P/B now vs peer median 1.4xmedian 1.5x 4.2xmedian 2.5x 6.9xmedian 2.5x
PEG now vs peer median -0.65median 0.92 2.43median 1.72 3.26median 1.72

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 monthsDVNMPLXWMB
Revenue $20.38B $13.22B $12.20B
Gross profit $14.11B $11.61B $10.12B
Operating income -$1.35B $5.88B $4.66B
Net income $3.29B $4.77B $3.24B
Free cash flow $1.48B $3.34B -$108.00M
R&D $54.00M – –
EPS (diluted) $3.49 $4.66 $2.76
Cash & equivalents – $1.03B $203.00M
Total debt $11.39B $26.01B $6.64B
Shares (diluted) 940.00M 1.02B 1.23B
Enterprise value $56.41B $53.30B $89.57B

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
MetricDVNMPLXWMB
P/E 14.6x 12.7x 26.9x
P/FCF 38.2x 17.9x -841.3x
P/Operating cash flow 6.6x 10.0x 15.2x
P/S 2.8x 4.5x 7.4x
P/B 1.4x 4.2x 6.9x
P/Tangible book 1.4x 4.6x 6.9x
EV/EBITDA 24.6x 11.6x 13.9x
EV/EBIT -50.1x 14.4x 20.9x
EV/Revenue 3.3x 6.4x 8.0x
EV/FCF 45.9x 25.4x -900.9x
EV/Operating cash flow 7.9x 14.2x 16.2x
PEG (3Y EPS CAGR) -0.65 2.43 3.26

Growth

14 metrics
MetricDVNMPLXWMB
Revenue growth (1Y) 18.1% 8.7% 8.7%
Revenue CAGR (3Y) 5.9% 4.9% 2.0%
Gross profit growth (1Y) 18.4% 9.5% 12.4%
Gross profit CAGR (3Y) 4.9% 2.5% 5.1%
Operating income growth (1Y) 11.9% 11.4% 27.0%
Operating income CAGR (3Y) -44.2% 4.8% 4.2%
Net income growth (1Y) 13.2% 9.6% 26.2%
Net income CAGR (3Y) -11.9% 4.7% 5.4%
EPS growth (1Y) -22.0% 10.6% 39.2%
EPS CAGR (3Y) -22.4% 5.2% 8.2%
Operating cash flow growth (1Y) 25.5% -1.6% 12.2%
Operating cash flow CAGR (3Y) 6.4% 5.6% 2.3%
Free cash flow growth (1Y) 337.8% -32.1% -105.7%
Free cash flow CAGR (3Y) 11.7% -6.8% -26.8%

Profitability

14 metrics
MetricDVNMPLXWMB
Gross margin 69.3% 87.8% 82.9%
EBITDA margin 13.5% 55.4% 57.3%
Operating margin -6.6% 44.4% 38.2%
Pretax margin -8.8% 36.1% 34.7%
Net margin 16.1% 35.8% 27.7%
FCF margin 7.2% 25.2% -0.9%
Operating cash flow margin 42.0% 45.2% 49.1%
Return on equity 11.5% 33.4% 24.7%
Return on assets 6.4% 11.1% 5.8%
Return on invested capital -3.5% 14.6% –
Return on capital employed -3.0% 14.8% 8.7%
Asset turnover 0.4x 0.3x 0.2x
Cash conversion (OCF / net income) 2.6x 1.3x 1.8x
Stock comp / revenue 0.7% – –

Financial Health

11 metrics
MetricDVNMPLXWMB
Debt / assets 16.1% 60.5% 11.0%
Debt / equity 0.3x 1.8x 0.5x
Net debt / EBITDA 4.1x 3.4x 0.9x
Debt / FCF 7.7x 7.8x -61.5x
Liabilities / assets 41.1% 66.8% 78.2%
Equity / assets 58.9% 33.2% 21.8%
Interest coverage -2.7x 5.3x 3.1x
Current ratio 0.7x 0.9x 0.5x
Quick ratio – 0.8x 0.3x
Cash ratio – 0.3x 0.0x
Altman Z-score 1.58 – 1.26

Shareholder Returns

7 metrics
MetricDVNMPLXWMB
Dividend yield 2.2% 7.3% 2.8%
Net buyback yield 1.4% 0.5% –
Shareholder yield 3.5% 7.8% 2.8%
Payout ratio (earnings) 25.0% 89.3% –
Payout ratio (FCF) 55.6% 127.5% –
Dividend growth (1Y) 11.9% 12.3% –
Dividend CAGR (3Y) -34.6% 11.8% –

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.

ConsensusDVNMPLXWMB
Forward P/E 9.0xFY2026 14.4xFY2026 28.9xFY2026
EPS, next fiscal year $5.69FY2026 $4.10FY2026 $2.57FY2026
EPS growth, next FY +45.2%FY2026 -14.9%FY2026 +22.4%FY2026
EPS growth, the year after -5.1% +13.7% -2.7%
Revenue, next fiscal year $24.57BFY2026 $13.68BFY2026 $12.71BFY2026
Revenue growth, next FY +42.9%FY2026 +5.2%FY2026 +6.4%FY2026
Revenue growth, the year after +2.6% -4.0% +9.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDVNMPLXWMB
Held by institutions 92.2% 18.8% 89.4%
Institutions holding 1,459 625 1,833
Change in shares held, QoQ +86.7% -3.3% +4.2%
Institutions buying 1,139 301 886
Institutions selling 231 144 658
Buyers to sellers 4.93 2.09 1.35

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.

DVNMPLXWMB
DVN 1.00 0.21 0.33
MPLX 0.21 1.00 0.37
WMB 0.33 0.37 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DVN, MPLX and WMB?

Williams Companies (WMB) is the largest by market capitalisation: Devon Energy (DVN) $56.41B, Mplx (MPLX) $59.74B, Williams Companies (WMB) $90.86B.

Which stock is cheaper, DVN, MPLX and WMB?

Mplx (MPLX) trades on the lowest price-to-earnings ratio (Devon Energy (DVN) 14.6x, Mplx (MPLX) 12.7x, Williams Companies (WMB) 26.9x). On next year's consensus earnings, Devon Energy (DVN) is cheapest (Devon Energy (DVN) 9.0x, Mplx (MPLX) 14.4x, Williams Companies (WMB) 28.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Devon Energy (DVN) grew revenue fastest over the trailing twelve months: Devon Energy (DVN) +18.1%, Mplx (MPLX) +8.7%, Williams Companies (WMB) +8.7%.

Which company is more profitable?

Mplx (MPLX) has the highest net margin (Devon Energy (DVN) 16.1%, Mplx (MPLX) 35.8%, Williams Companies (WMB) 27.7%). On return on invested capital, Mplx (MPLX) leads (Devon Energy (DVN) -3.5%, Mplx (MPLX) 14.6%).

Which stock has performed better?

Over the past year Devon Energy (DVN) returned the most: Devon Energy (DVN) +60.2%, Mplx (MPLX) +16.1%, Williams Companies (WMB) +29.0%. Over five years, Williams Companies (WMB) compounded fastest (Devon Energy (DVN) +5.1%/yr, Mplx (MPLX) +14.4%/yr, Williams Companies (WMB) +21.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Mplx (MPLX) has the highest dividend yield: Devon Energy (DVN) 2.18%, Mplx (MPLX) 7.33%, Williams Companies (WMB) 2.81%.

Which stock is riskier?

By one-year price volatility, Mplx (MPLX) has been the steadiest (Devon Energy (DVN) 33.9%, Mplx (MPLX) 17.2%, Williams Companies (WMB) 25.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DVN, MPLX and WMB?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Mplx (MPLX) leads on 6. 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.