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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.51B | - | $4.33B | $4.28B | $4.55B | - | $4.02B | $3.92B | $3.74B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $125.00M | - | $114.00M | $113.00M | $130.00M | - | $117.00M | $114.00M | $114.00M | - |
| Total Operating Expenses | $3.69B | - | $3.20B | $3.06B | $2.99B | - | - | - | - | - |
| D&A | $904.00M | - | $879.00M | $914.00M | $912.00M | - | $794.00M | $768.00M | $722.00M | - |
| Operating Income | $166.00M | - | $912.00M | $1.16B | $646.00M | - | $1.06B | $1.04B | $768.00M | - |
| Interest Expense | $118.00M | - | $125.00M | $126.00M | $127.00M | - | $98.00M | $88.00M | $87.00M | - |
| Income Tax | $46.00M | - | $219.00M | $244.00M | $137.00M | - | $239.00M | $185.00M | $159.00M | - |
| Net Income | $120.00M | - | $687.00M | $899.00M | $494.00M | - | $812.00M | $844.00M | $596.00M | - |
| EPS - Basic | $0.19 | - | $1.09 | $1.42 | $0.77 | - | $1.31 | $1.35 | $0.95 | - |
| EPS - Diluted | $0.19 | - | $1.09 | $1.41 | $0.77 | - | $1.30 | $1.34 | $0.94 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.76B | $1.38B | $1.23B | $1.71B | $1.20B | $811.00M | $645.00M | $1.14B | $1.13B | $853.00M |
| Accounts Receivable | $2.25B | $1.79B | $1.83B | $1.85B | $2.04B | $1.97B | $1.78B | $1.59B | $1.67B | $1.57B |
| Inventory | $319.00M | $336.00M | $361.00M | $327.00M | $332.00M | $294.00M | $293.00M | $258.00M | $234.00M | $249.00M |
| Accounts Payable | $975.00M | $790.00M | $934.00M | $885.00M | $923.00M | $806.00M | $995.00M | $754.00M | $879.00M | $760.00M |
| Current Assets | $4.76B | $4.01B | $3.87B | $4.32B | $3.90B | $3.43B | $3.23B | $3.36B | $3.40B | $3.16B |
| Total Assets | $32.54B | $31.60B | $31.22B | $31.39B | $30.93B | $30.49B | $30.26B | $25.16B | $24.98B | $24.49B |
| Current Liabilities | $4.73B | $4.09B | $4.04B | $3.54B | $3.62B | $3.31B | $2.91B | $3.02B | $3.27B | $2.95B |
| Long-term Debt | $7.39B | $7.39B | $7.39B | $8.39B | $8.39B | $8.40B | $8.88B | $5.67B | $5.67B | $5.67B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $15.43B | $15.53B | $15.35B | $15.06B | $14.54B | $14.50B | $14.28B | $12.55B | $12.17B | $12.06B |
| Retained Earnings | $10.17B | $10.20B | $9.79B | $9.25B | $8.51B | $8.17B | $7.67B | $7.13B | $6.51B | $6.20B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.66B | - | $1.69B | $1.54B | $1.94B | - | $1.66B | $1.53B | $1.74B | - |
| Investing Cash Flow | ($1.02B) | - | ($1.02B) | ($597.00M) | ($802.00M) | - | ($4.35B) | ($1.02B) | ($921.00M) | - |
| Financing Cash Flow | ($254.00M) | - | ($1.15B) | ($424.00M) | ($752.00M) | - | $2.19B | ($495.00M) | ($541.00M) | - |
| CapEx | $839.00M | - | $870.00M | $956.00M | $934.00M | - | $877.00M | $948.00M | $894.00M | - |
| Free Cash Flow | $816.00M | - | $820.00M | $589.00M | $1.01B | - | $786.00M | $587.00M | $844.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 3.7% | - | 21.1% | 27.1% | 14.2% | - | 26.4% | 26.6% | 20.5% | - |
| EBITDA margin | 23.7% | - | 41.4% | 48.4% | 34.2% | - | 46.2% | 46.2% | 39.8% | - |
| Net margin | 2.7% | - | 15.9% | 21.0% | 10.9% | - | 20.2% | 21.5% | 15.9% | - |
| Free cash flow margin | 18.1% | - | 18.9% | 13.7% | 22.2% | - | 19.5% | 15.0% | 22.6% | - |
| FCF / Net income | 6.80 | - | 1.19 | 0.66 | 2.04 | - | 0.97 | 0.70 | 1.42 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 2.8% | - | 2.6% | 2.6% | 2.9% | - | 2.9% | 2.9% | 3.0% | - |
| Effective tax rate | 27.7% | - | 24.2% | 21.3% | 21.7% | - | 22.7% | 18.0% | 21.1% | - |
| Return on assets | 0.4% | - | 2.2% | 2.9% | 1.6% | - | 2.7% | 3.4% | 2.4% | - |
| Return on equity | 0.8% | - | 4.5% | 6.0% | 3.4% | - | 5.7% | 6.7% | 4.9% | - |
| Return on invested capital | 0.5% | - | 3.0% | 3.9% | 2.2% | - | 3.5% | 4.7% | 3.4% | - |
| Liquidity | ||||||||||
| Current ratio | 1.01 | 0.98 | 0.96 | 1.22 | 1.08 | 1.04 | 1.11 | 1.11 | 1.04 | 1.07 |
| Quick ratio | 0.94 | 0.90 | 0.87 | 1.13 | 0.99 | 0.95 | 1.01 | 1.03 | 0.97 | 0.99 |
| Cash ratio | 0.37 | 0.34 | 0.30 | 0.48 | 0.33 | 0.25 | 0.22 | 0.38 | 0.34 | 0.29 |
| Leverage | ||||||||||
| Debt / Equity | 0.48 | 0.48 | 0.48 | 0.56 | 0.58 | 0.58 | 0.62 | 0.45 | 0.47 | 0.47 |
| Debt / Assets | 0.23 | 0.23 | 0.24 | 0.27 | 0.27 | 0.28 | 0.29 | 0.23 | 0.23 | 0.23 |
| Debt / EBITDA | 6.90 | - | 4.13 | 4.04 | 5.39 | - | 4.78 | 3.13 | 3.80 | - |
| Interest coverage | 1.4x | - | 7.3x | 9.2x | 5.1x | - | 10.9x | 11.8x | 8.8x | - |
| Equity multiplier | 2.11 | 2.03 | 2.03 | 2.08 | 2.13 | 2.10 | 2.12 | 2.00 | 2.05 | 2.03 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.14 | 0.14 | 0.15 | - | 0.13 | 0.16 | 0.15 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 182d | - | 155d | 158d | 163d | - | 161d | 148d | 163d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 264.8x | - | 32.2x | 22.6x | 48.6x | - | 30.1x | 35.4x | 53.4x | - |
| P / B | 2.0x | - | 1.4x | 1.3x | 1.7x | - | 1.7x | 2.4x | 2.6x | - |
| P / S | 6.9x | - | 5.1x | 4.7x | 5.3x | - | 6.1x | 7.6x | 8.5x | - |
| EV / EBITDA | 34.3x | - | 15.8x | 13.0x | 20.1x | - | 17.6x | 19.0x | 24.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -0.9% | - | 7.6% | 9.4% | 21.6% | - | -0.1% | 11.0% | -2.1% | - |
| Revenue CAGR (3y) | 5.6% | - | -7.3% | -9.6% | 0.4% | - | 1.9% | 7.9% | 17.8% | - |
| Revenue CAGR (5y) | 14.5% | - | 30.3% | 41.5% | 16.9% | - | 16.9% | 15.3% | 20.0% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -74.3% | - | -14.3% | 11.6% | -15.9% | - | -0.7% | 15.9% | -37.3% | - |
| Net income growth (YoY) | -75.7% | - | -15.4% | 6.5% | -17.1% | - | -10.8% | 22.3% | -40.1% | - |
| EPS growth (YoY) | -75.3% | - | -16.2% | 5.2% | -18.1% | - | -8.5% | 25.2% | -38.6% | - |
| EPS CAGR (3y) | -50.1% | - | -27.7% | -21.6% | -19.6% | - | 1.6% | 52.2% | 43.2% | - |
| EPS CAGR (5y) | -9.9% | - | - | - | - | - | 36.9% | 2.4% | - | - |
| FCF growth (YoY) | -19.0% | - | 4.3% | 0.3% | 19.4% | - | -6.8% | 80.1% | 26.9% | - |
| FCF CAGR (5y) | 54.4% | - | 29.7% | 31.6% | 13.9% | - | 5.8% | 4.3% | 18.2% | - |
| Book value growth (YoY) | 6.1% | 7.1% | 7.5% | 20.0% | 19.5% | 20.2% | 22.7% | 13.9% | 10.8% | 8.0% |
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%
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 |