Companies / Energy
DVN
Devon Energy
Oil & Gas Exploration & Production
Oil & Gas Exploration & ProductionAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health64
Growth26
Profitability69
Cash generation86
Balance sheet61
Dilution control79
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)82.9%Revenue growth (FY)5.4%Revenue CAGR (3y)-5.4%Gross margin—Operating margin—Net margin15.7%Free cash flow margin18.6%R&D / revenue—Stock comp / revenue0.6%Net debt / operating cash flow1.34xCurrent ratio0.98Diluted share count change-0.2%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $13.8B | $19.8B | $15.1B | $15.9B | $16.8B |
| Net income | $2.8B | $6.0B | $3.7B | $2.9B | $2.6B |
| Operating cash flow | $4.9B | $8.5B | $6.5B | $6.6B | $6.7B |
| Capital expenditure | $2.0B | $2.5B | $3.9B | $3.6B | $3.6B |
| Free cash flow | $2.9B | $6.0B | $2.7B | $3.0B | $3.1B |
| Stock-based comp | $99M | $88M | $93M | $99M | $99M |
| Buybacks | $589M | $718M | $979M | $1.1B | $1.1B |
| Dividends | $1.3B | $3.4B | $1.9B | $937M | — |
| Cash | $2.1B | $1.3B | $853M | $811M | $1.4B |
| Total debt | $6.5B | $6.9B | $7.1B | $9.9B | $10.4B |
| Equity | $9.3B | $11.2B | $12.1B | $14.5B | $15.5B |
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