Devon Energy (DVN)
Energy · $51.4B market cap · SEC CIK 0001090012
$46.93
▼-1.39% on the day
close of Sep 22, 2026
69
Screens well
fundamentals score out of 100
fundamentals score out of 100
Next reports on Nov 3, 2026, after the close, with analysts expecting $1.22 in earnings per share.
The case for DVN
- Generated $3.1B of free cash flow in FY2025, 19% of revenue.
- Revenue growing 14.6% year over year.
- Reasonably priced at 15.7× earnings.
- Trades at 1.14× book value, close to what the balance sheet says it owns.
- Has compounded revenue at 28.9% a year over five years.
- Moves less than the market (beta 0.51).
The case against
- A yield of 9.3% is usually the market pricing in a cut.
- Growth is slowing: revenue up 14.6% this year against 28.9% a year over five.
- Earnings per share fell 5.3%.
- Current liabilities exceed current assets (ratio 0.72).
- Long-term debt of $7.4B against $1.4B of cash.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Energy companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 71 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 65 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 65 |
| Momentumhow the price has behaved lately | 78 |
| Stabilityhow violently it moves, what it owes and what it pays you | 68 |
- Each factor except momentum is half fixed thresholds, half rank among the 21 Energy companies.
Key numbers
| Price / earnings | 15.7× |
|---|---|
| Price / book | 1.14× |
| Price / sales | 2.6× |
| Revenue growth (YoY) | +14.6% |
| EPS growth (YoY) | -5.3% |
| Gross margin | 48% |
| Operating margin | 23% |
| Net margin | 17% |
| Return on equity | 15% |
| Debt / equity | 0.27× |
| Current ratio | 0.72 |
| Dividend yield | 9.31% |
| Beta | 0.51 |
| 52-week range | $31.47 – $52.71 |
| Position in that range | 73% of the way up |
| 3-month return | +13.0% |
| 1-year return | +40.1% |
Five years of financials, as filed
Pulled from Devon Energy's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $16.8B | $15.9B | $15.1B | $19.8B | $13.8B |
| Net income | $2.6B | $2.9B | $3.7B | $6.0B | $2.8B |
| Operating cash flow | $6.7B | $6.6B | $6.5B | $8.5B | $4.9B |
| Capital expenditure | $3.6B | $3.6B | $3.9B | $2.5B | $2.0B |
| Total assets | $31.6B | $30.5B | $24.5B | $23.3B | $21.0B |
| Shareholder equity | $15.5B | $14.5B | $12.1B | $11.2B | $9.3B |
| Cash | $1.4B | $811M | $853M | $1.3B | $2.1B |
| Long-term debt | $7.4B | $8.4B | $5.7B | $6.2B | $6.5B |
| Free cash flow | $3.1B | $3.0B | $2.7B | $6.0B | $2.9B |
| Net margin | 15.7% | 18.2% | 24.7% | 30.4% | 20.4% |
| Diluted shares | 633M | 634M | 642M | 653M | 665M |
Share count is down 4.8% over 4 years. Buybacks have been shrinking the pie.
Risk factors DVN lists in its 10-K
- Market for Common Equity, Related Stock
- holder Matters and Issuer Purchases of Equity Securities
- Issuer Purchases of Equity Securities
- Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
- Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
- sis of Financial Condition and Results of Operations
- Capital Resources, Uses and Liquidity
- Acquisitions of Property and Equipment
- Divestitures of Property and Equipment
- Shareholder Distributions and Stock Activity
- Oil and Gas Assets Accounting, Classification, Reserves & Valuation
- Successful Efforts Method of Accounting and Classification
- EBITDAX and Field-Level Cash Margin
- itative Disclosures about Market Risk