DVN · Devon Energy Corp/De - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $17.19B | $15.94B | $15.26B | $19.83B | $13.75B | $4.83B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $492.00M | $500.00M | $408.00M | $395.00M | $391.00M | $338.00M |
| Total Operating Expenses | $14.51B | $13.00B | - | - | - | - |
| D&A | $3.60B | $3.25B | $2.55B | $2.22B | $2.16B | $1.30B |
| Operating Income | $3.47B | $3.71B | $4.62B | ($3.09B) | - | ($3.09B) |
| Interest Expense | $497.00M | $401.00M | $369.00M | $370.00M | $388.00M | $259.00M |
| Income Tax | $785.00M | $770.00M | $841.00M | $1.74B | $65.00M | ($547.00M) |
| Net Income | $2.64B | $2.89B | $3.75B | $6.01B | $2.81B | ($2.68B) |
| EPS - Basic | $4.18 | $4.58 | $5.86 | $9.15 | $4.20 | ($7.12) |
| EPS - Diluted | $4.17 | $4.56 | $5.84 | $9.12 | $4.19 | ($7.12) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.38B | $811.00M | $853.00M | $1.31B | $2.10B | $2.05B |
| Accounts Receivable | $1.79B | $1.97B | $1.57B | $1.77B | $1.54B | $601.00M |
| Inventory | $336.00M | $294.00M | $249.00M | $114.00M | - | - |
| Accounts Payable | $790.00M | $806.00M | $760.00M | $859.00M | $500.00M | $242.00M |
| Current Assets | $4.01B | $3.43B | $3.16B | $3.89B | $4.25B | $3.26B |
| Total Assets | $31.60B | $30.49B | $24.49B | $23.72B | $21.02B | $9.91B |
| Current Liabilities | $4.09B | $3.31B | $2.95B | $3.10B | $3.09B | $1.44B |
| Long-term Debt | $7.39B | $8.40B | $5.67B | $6.19B | $6.48B | $4.30B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $15.53B | $14.50B | $12.06B | $11.17B | $9.26B | $2.88B |
| Retained Earnings | $10.20B | $8.17B | $6.20B | $4.30B | $1.69B | $208.00M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $6.71B | $6.60B | $6.54B | $8.53B | $4.90B | $1.46B |
| Investing Cash Flow | ($3.39B) | ($7.33B) | ($1.57B) | ($5.12B) | ($1.57B) | ($1.13B) |
| Financing Cash Flow | ($2.73B) | $706.00M | ($3.29B) | ($4.21B) | ($3.29B) | ($306.00M) |
| CapEx | $3.59B | $3.65B | $3.88B | $2.54B | $1.99B | $1.15B |
| Free Cash Flow | $3.12B | $2.96B | $2.66B | $5.99B | $2.91B | $311.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 20.2% | 23.3% | 30.3% | -15.6% | - | -64.0% |
| EBITDA margin | 41.1% | 43.7% | 47.0% | -4.4% | - | -37.1% |
| Net margin | 15.4% | 18.1% | 24.6% | 30.3% | 20.5% | -55.5% |
| Free cash flow margin | 18.1% | 18.5% | 17.4% | 30.2% | 21.2% | 6.4% |
| FCF / Net income | 1.18 | 1.02 | 0.71 | 1.00 | 1.03 | -0.12 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 2.9% | 3.1% | 2.7% | 2.0% | 2.8% | 7.0% |
| Effective tax rate | 22.9% | 21.0% | 18.3% | 22.4% | 2.3% | - |
| Return on assets | 8.4% | 9.5% | 15.3% | 25.4% | 13.4% | -27.0% |
| Return on equity | 17.0% | 19.9% | 31.1% | 53.9% | 30.4% | -92.9% |
| Return on invested capital | 11.7% | 12.8% | 21.3% | -13.8% | - | -34.0% |
| Liquidity | ||||||
| Current ratio | 0.98 | 1.04 | 1.07 | 1.25 | 1.38 | 2.26 |
| Quick ratio | 0.90 | 0.95 | 0.99 | 1.22 | 1.38 | 2.26 |
| Cash ratio | 0.34 | 0.25 | 0.29 | 0.42 | 0.68 | 1.42 |
| Leverage | ||||||
| Debt / Equity | 0.48 | 0.58 | 0.47 | 0.55 | 0.70 | 1.49 |
| Debt / Assets | 0.23 | 0.28 | 0.23 | 0.26 | 0.31 | 0.43 |
| Debt / EBITDA | 1.05 | 1.21 | 0.79 | - | - | - |
| Interest coverage | 7.0x | 9.3x | 12.5x | -8.4x | - | -11.9x |
| Equity multiplier | 2.03 | 2.10 | 2.03 | 2.12 | 2.27 | 3.44 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.54 | 0.52 | 0.62 | 0.84 | 0.65 | 0.49 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 38d | 45d | 38d | 33d | 41d | 45d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 8.8x | 7.2x | 7.8x | 6.7x | 10.5x | - |
| P / B | 1.5x | 1.4x | 2.4x | 3.6x | 3.2x | 2.1x |
| P / S | 1.3x | 1.3x | 1.9x | 2.0x | 2.1x | 1.2x |
| EV / EBITDA | 4.1x | 4.1x | 4.7x | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 7.8% | 4.5% | -23.0% | 44.2% | 184.8% | -22.4% |
| Revenue CAGR (3y) | -4.6% | 5.0% | 46.7% | 47.2% | 8.6% | -29.8% |
| Revenue CAGR (5y) | 28.9% | 20.7% | 7.3% | 7.3% | 2.4% | -18.2% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -6.6% | -19.7% | - | - | - | -2734.9% |
| Net income growth (YoY) | -8.6% | -22.8% | -37.7% | 113.8% | - | -654.9% |
| EPS growth (YoY) | -8.6% | -21.9% | -36.0% | 117.7% | - | -700.0% |
| EPS CAGR (3y) | -23.0% | 2.9% | - | - | -11.8% | - |
| EPS CAGR (5y) | - | - | -0.9% | 39.9% | - | - |
| FCF growth (YoY) | 5.5% | 11.0% | -55.6% | 105.8% | 835.7% | -84.5% |
| FCF CAGR (5y) | 58.6% | 8.0% | 4.3% | 32.7% | 94.3% | -40.8% |
| Book value growth (YoY) | 7.1% | 20.2% | 8.0% | 20.6% | 221.0% | -50.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$28.01B totalOil Gas And NGLSales$11.22B · 40.1%
Oil Reserves$8.91B · 31.8%
Marketing And Midstream Revenues$5.56B · 19.9%
NGL$1.48B · 5.3%
Gas$842.00M · 3.0%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Crude Petroleum & Natural Gas
Comparing DEVON ENERGY CORP/DE against the 5 most active filers in the same SIC group.
Dividends
$0.96/share trailing 12 months · -23.2% YoY
| Ex-date | Per share |
|---|---|
| Mar 13, 2026 | $0.2400 |
| Dec 15, 2025 | $0.2400 |
| Sep 15, 2025 | $0.2400 |
| Jun 13, 2025 | $0.2400 |
| Mar 14, 2025 | $0.2400 |
| Dec 13, 2024 | $0.2200 |
| Sep 13, 2024 | $0.4400 |
| Jun 14, 2024 | $0.3500 |
| Mar 14, 2024 | $0.4400 |
| Dec 14, 2023 | $0.7700 |
| Sep 14, 2023 | $0.4900 |
| Jun 14, 2023 | $0.7200 |
| Mar 14, 2023 | $0.8900 |
| Dec 9, 2022 | $1.3500 |
| Sep 9, 2022 | $1.5500 |
| Jun 10, 2022 | $1.2700 |
| Mar 11, 2022 | $1.0000 |
| Dec 9, 2021 | $0.8400 |
| Sep 10, 2021 | $0.4900 |
| Jun 11, 2021 | $0.3400 |
| Mar 12, 2021 | $0.3000 |
| Dec 10, 2020 | $0.1100 |
| Sep 11, 2020 | $0.1100 |
| Aug 13, 2020 | $0.2600 |