Devon Energy Corporation

US$42.21As of Sun 8 Nov 2026, 12:00 UTC

NYSE:DVNEnergy

Country USA

PE (Fwd) •••

TSR 10Y CAGR 4.87%

Div yield 3.03%

ROE 12.56%

Oil & Gas Exploration & Production

Beta (5Y) 0.48

PE TTM 9.786

TSR TTM 33.23%

Mkt cap US$48.11B

ROIC 7.96%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$44

3.27%

(33.60%)

Sell 9|0|3|1|6

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

6.178

Revenue$B

12.67

13.05

13.22

13.06

12.87

13.24

13.37

13.63

14.10

14.21

6.559

2.01%

1.15%

23.40

Revenue growth%

8.38

8.87

7.43

10.13

7.18

4.44

5.02

5.38

6.26

7.98

5.80

5.38

7.31

28.45

Gross margin%

21.47

19.58

21.30

18.64

15.88

18.61

18.28

19.01

21.89

24.19

15.80

19.01

19.29

29.11

Operating margin%

20.06

20.61

19.32

17.55

20.10

22.78

22.65

21.35

19.33

18.19

2.99

21.35

20.08

3.02

Net margin%

13.72

11.26

12.12

13.36

14.72

11.82

9.49

7.23

7.15

6.51

13.17

7.23

11.54

26.78

P/E ratio (avg)x

18.83

21.70

25.30

29.82

32.60

32.15

33.79

34.77

34.65

37.82

20.30

34.65

32.38

11.87

EV/EBITx

19.93

17.61

15.20

13.10

12.09

13.01

13.32

11.50

10.88

10.57

27.67

11.50

13.06

12.66

FCF yield (avg)%

3.31

2.18

1.05

0.40

1.99

2.41

1.56

2.46

0.88

0.40

26.56

1.56

1.77

26.92

FCF margin%

4.04

5.76

7.27

8.83

7.34

7.33

6.99

4.30

6.04

3.37

29.84

6.04

6.51

1.689

FCF / Net incomex

0.387

0.405

0.404

0.393

0.374

0.350

0.355

0.340

0.360

0.342

0.639

0.350

0.367

28.39

ROIC%

16.73

18.99

17.14

18.78

16.34

14.26

14.34

15.11

16.87

15.93

14.92

15.11

16.53

2.23

Return on equity%

7.02

9.49

6.52

4.73

2.18

1.91

3.66

1.01

1.52

2.05

15.96

1.91

2.92

17.51

Return on assets%

21.13

19.93

17.32

16.32

15.53

16.22

18.59

21.24

19.12

16.92

7.20

18.59

17.96

2.20

EPS$

5.51

5.36

5.54

5.71

5.56

6.29

6.51

6.18

5.76

6.51

2.43

3.21%

2.80%

—

25.19

EPS growth%

17.31

17.27

20.24

21.12

19.09

19.03

17.27

14.37

14.22

12.08

11.74

14.37

17.29

4.63

Bookvalue per sh$

6.47

7.14

7.48

7.30

8.00

7.50

7.45

7.66

8.46

9.10

5.29

2.61%

4.30%

—

1.55

FCF per share$

2.52

2.49

2.38

2.53

2.62

3.02

3.21

3.43

3.49

3.41

5.94

5.38%

2.86%

—

0.98

Dividend per sh$

6.27

6.53

7.21

6.90

6.88

7.46

8.17

8.08

7.89

6.10

2.72%

2.55%

—

10.36

Div yield (avg)%

8.80

9.58

10.04

7.84

8.60

11.11

12.32

12.08

9.56

8.71

16.85

11.11

9.57

7.56

Payout ratio%

24.74

27.29

24.39

24.27

22.21

21.93

20.16

19.91

19.60

20.37

4.74

20.16

22.07

1.138

Shares (diluted)B

1.727

1.907

1.977

1.911

2.156

2.157

2.375

2.699

2.606

2.648

1.157

4.19%

6.05%

25.72

Buyback yield%

9.84

7.03

5.78

7.05

6.46

4.20

2.84

4.19

4.67

5.51

6.10

4.20

5.64

0.350

D/E ratiox

0.180

0.215

0.239

0.244

0.246

0.286

0.277

0.312

0.327

0.362

1.791

0.312

0.261

2.306

Enterprise value$B

3.823

4.370

4.517

4.696

5.407

5.604

5.602

6.548

7.761

8.369

5.080

9.13%

9.99%

15.25

LT debt$B

14.95

15.27

15.60

15.22

13.55

13.43

13.28

14.00

13.14

11.99

(0.62%)

(1.30%)

Peers (US$48.11B)

Cap (US$)

Occidental Petroleum…

56.36B

8.656x

Diamondback Energy…

49.96B

24.78x

EQT Corporation

30.90B

11.73x

Woodside Energy Group…

40.14B

13.25x

Capital

TTM

10Y

Leveragex

1.925

(0.015)

(0.017)

EBIT/Intx

0.155

0.146

0.152

Own earn%

25.83

(13.53)

(8.11)

Sh yield%

36.08

15.16

15.24

Owners

Insiders/Inst%

1.89

72.89

Short interest%

5.87

SBC / revenue%

1.30

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

18–23

$1 testx

—

Incr. ROIC%

Devon Energy Corporation is an independent energy company engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in the Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford in North America, the Anadarko Basin in western Oklahoma, the Williston Basin in North Dakota, and the Powder River Basin in Wyoming.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$14.21B

1.15%

1.00×

Cost of revenue

$9.949B

1.15%

1.00×

Operating expenses

$2.078B

1.07%

0.99×