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Devon Energy (DVN) Financials

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$31.34 +0.18 (+0.58%)
Closing price 05/27/2025 03:59 PM Eastern
Extended Trading
$31.36 +0.02 (+0.06%)
As of 06:00 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Devon Energy

Annual Income Statements for Devon Energy

This table shows Devon Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
2,891 3,747 6,015 2,813 -2,680 -355 3,064 898 -1,056 -12,896
Consolidated Net Income / (Loss)
2,942 3,782 6,037 2,833 -2,671 -353 3,224 1,078 -1,458 -13,645
Net Income / (Loss) Continuing Operations
2,942 3,782 6,037 2,833 -2,543 -79 714 33 -574 -13,645
Total Pre-Tax Income
3,712 4,623 7,775 2,898 -3,090 -109 944 40 -433 -19,858
Total Operating Income
4,171 4,969 7,989 3,184 -2,854 145 1,517 371 385 -19,075
Total Gross Profit
7,965 7,921 10,592 5,837 1,692 2,211 3,422 2,151 2,127 4,245
Total Revenue
15,940 15,258 19,169 12,206 4,828 6,220 8,896 6,501 6,753 13,145
Operating Revenue
15,919 15,140 19,827 13,750 4,673 6,674 8,439 6,501 6,753 13,145
Other Revenue
21 118 -658 -1,544 155 -454 457 - - -
Total Cost of Revenue
7,975 7,337 8,577 6,369 3,136 4,009 5,474 4,350 4,626 8,900
Operating Cost of Revenue
7,975 7,337 8,577 6,369 3,136 4,009 5,474 4,350 4,626 8,900
Total Operating Expenses
3,794 2,952 2,603 2,653 4,546 2,066 1,905 1,780 1,742 23,320
Selling, General & Admin Expense
500 408 395 391 338 475 574 645 733 1,193
Exploration Expense
28 20 29 14 167 58 128 346 215 451
Depreciation Expense
3,255 2,554 2,223 2,158 1,300 1,497 1,228 1,008 1,592 4,022
Other Special Charges / (Income)
11 -30 -44 -168 -1.00 -48 -278 -219 -1,496 7.00
Total Other Income / (Expense), net
-459 -346 -214 -286 -236 -254 -573 -331 -818 -783
Interest & Investment Income
-363 -308 -309 -329 -270 -250 -580 -321 -717 -519
Other Income / (Expense), net
-96 -38 95 43 34 -4.00 7.00 -10 -101 -264
Income Tax Expense
770 841 1,738 65 -547 -30 230 7.00 141 -6,213
Net Income / (Loss) Attributable to Noncontrolling Interest
51 35 22 20 9.00 2.00 160 180 -402 -749
Basic Earnings per Share
$4.58 $5.86 $9.15 $4.20 ($7.12) ($0.89) $6.14 $1.71 ($2.09) ($31.72)
Weighted Average Basic Shares Outstanding
649M 635M 654M 664.20M 673.10M 382.90M 494M 520M -238.40M 407M
Diluted Earnings per Share
$4.56 $5.84 $9.12 $4.19 ($7.12) ($0.89) $6.10 $1.70 ($2.09) ($31.72)
Weighted Average Diluted Shares Outstanding
649M 635M 654M 664.20M 673.10M 382.90M 494M 520M -238.40M 407M
Weighted Average Basic & Diluted Shares Outstanding
649M 635M 654M 664.20M 673.10M 382.90M 494M 520M -238.40M 407M
Cash Dividends to Common per Share
$1.45 $2.87 $5.17 $1.97 $0.68 $0.35 - $0.24 $0.42 $0.96

Quarterly Income Statements for Devon Energy

This table shows Devon Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
494 639 812 844 596 1,152 910 690 995 1,201 1,893
Consolidated Net Income / (Loss)
509 653 825 855 609 1,161 920 698 1,003 1,204 1,900
Net Income / (Loss) Continuing Operations
509 653 825 855 609 1,161 920 698 1,003 1,204 1,900
Total Pre-Tax Income
646 840 1,064 1,040 768 1,430 1,072 897 1,224 1,553 2,465
Total Operating Income
796 995 1,189 1,121 866 1,517 1,166 985 1,301 1,622 2,492
Total Gross Profit
2,104 2,120 2,112 2,021 1,712 2,293 1,919 1,684 2,025 2,353 3,172
Total Revenue
4,452 4,403 4,024 3,917 3,596 4,145 3,836 3,454 3,823 4,299 5,432
Operating Revenue
4,550 4,487 3,797 3,894 3,741 3,821 4,030 3,530 3,759 4,352 5,184
Other Revenue
-98 -84 227 23 -145 324 -194 -76 64 -53 248
Total Cost of Revenue
2,348 2,283 1,912 1,896 1,884 1,852 1,917 1,770 1,798 1,946 2,260
Operating Cost of Revenue
2,348 2,283 1,912 1,896 1,884 1,852 1,917 1,770 1,798 1,946 2,260
Total Operating Expenses
1,308 1,125 923 900 846 776 753 699 724 731 680
Selling, General & Admin Expense
130 155 117 114 114 111 99 92 106 122 95
Exploration Expense
10 12 4.00 3.00 9.00 4.00 3.00 10 3.00 13 4.00
Depreciation Expense
912 971 794 768 722 650 651 638 615 625 581
Impairment Charge
254 - - - - - - - - - -
Other Special Charges / (Income)
2.00 -5.00 0.00 15 1.00 11 0.00 -41 0.00 -29 0.00
Total Other Income / (Expense), net
-150 -155 -125 -81 -98 -87 -94 -88 -77 -69 -27
Interest & Investment Income
-123 -123 -88 -76 -76 -77 -81 -78 -72 -73 -67
Other Income / (Expense), net
-27 -32 -37 -5.00 -22 -10 -13 -10 -5.00 4.00 40
Income Tax Expense
137 187 239 185 159 269 152 199 221 349 565
Net Income / (Loss) Attributable to Noncontrolling Interest
15 14 13 11 13 9.00 10 8.00 8.00 3.00 7.00
Basic Earnings per Share
$0.77 $0.97 $1.31 $1.35 $0.95 $1.82 $1.43 $1.08 $1.53 $1.84 $2.89
Weighted Average Basic Shares Outstanding
642.10M 649M 656.90M 626.20M 632M 635M 640.70M 640.70M 641.70M 654M 653.70M
Diluted Earnings per Share
$0.77 $0.98 $1.30 $1.34 $0.94 $1.82 $1.42 $1.07 $1.53 $1.83 $2.88
Weighted Average Diluted Shares Outstanding
642.10M 649M 656.90M 626.20M 632M 635M 640.70M 640.70M 641.70M 654M 653.70M
Weighted Average Basic & Diluted Shares Outstanding
642.10M 649M 656.90M 626.20M 632M 635M 640.70M 640.70M 641.70M 654M 653.70M
Cash Dividends to Common per Share
$0.24 - $0.44 $0.35 $0.44 - - $0.72 $0.89 - $1.55

Annual Cash Flow Statements for Devon Energy

This table details how cash moves in and out of Devon Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
-29 -579 -817 34 393 -602 -238 -1,129 -351 830
Net Cash From Operating Activities
6,600 6,544 8,530 4,899 1,354 2,071 2,704 1,243 773 4,898
Net Cash From Continuing Operating Activities
6,600 6,544 8,530 4,899 1,464 2,043 1,583 1,243 834 4,898
Net Income / (Loss) Continuing Operations
2,942 3,782 6,037 2,833 -2,543 -79 714 33 -574 -13,645
Consolidated Net Income / (Loss)
2,942 3,782 6,037 2,833 -2,671 -353 3,224 1,078 -1,458 -13,645
Depreciation Expense
3,255 2,554 2,223 2,158 1,300 1,497 1,228 1,008 1,592 4,022
Amortization Expense
8.00 -16 -31 -27 32 33 - - - -
Non-Cash Adjustments To Reconcile Net Income
291 -3.00 -642 -13 3,093 705 -429 202 -316 20,171
Changes in Operating Assets and Liabilities, net
104 227 943 -52 -418 -113 70 0.00 71 -5,650
Net Cash From Investing Activities
-7,332 -3,942 -5,123 -1,574 -646 921 1,055 -2,199 -594 -5,803
Net Cash From Continuing Investing Activities
-7,332 -3,942 -5,123 -1,574 -1,127 -1,551 -1,671 -1,233 787 -5,803
Purchase of Property, Plant & Equipment
-7,453 -3,947 -5,125 -2,007 -1,161 -1,941 -2,171 -1,658 -2,233 -5,894
Purchase of Investments
-118 -53 -76 -25 - - - - - -
Sale of Property, Plant & Equipment
24 26 39 79 34 390 500 425 3,020 -
Divestitures
215 32 39 379 0.00 0.00 - - - 107
Net Cash From Financing Activities
706 -3,184 -4,213 -3,292 -306 -3,639 -4,203 -173 -1,196 1,812
Net Cash From Continuing Financing Activities
706 -3,184 -4,213 -3,292 -306 -2,061 -4,377 -173 -2,170 1,812
Repayment of Debt
-472 -242 0.00 -1,302 0.00 -162 -1,233 - -3,383 -2,954
Repurchase of Common Equity
-1,057 -979 -718 -589 -38 -1,849 -2,956 - 0.00 -
Payment of Dividends
-988 -1,903 -3,409 -1,336 -271 -140 -149 -127 -221 -650
Issuance of Debt
3,219 0.00 0.00 - - - - - - 4,772
Issuance of Common Equity
52 37 0.00 4.00 21 116 0.00 - 1,469 16
Other Financing Activities, net
-48 -97 -86 -69 -18 -26 -39 -46 -35 628
Effect of Exchange Rate Changes
-3.00 3.00 -11 1.00 0.00 - - - - -77

Quarterly Cash Flow Statements for Devon Energy

This table details how cash moves in and out of Devon Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
388 170 -493 20 274 114 273 -399 -567 144 -2,147
Net Cash From Operating Activities
1,942 1,664 1,663 1,535 1,738 1,737 1,725 1,405 1,677 1,911 2,104
Net Cash From Continuing Operating Activities
1,942 1,664 1,663 1,535 1,738 1,737 1,725 1,405 1,677 1,911 2,104
Net Income / (Loss) Continuing Operations
509 653 825 855 609 1,161 920 698 1,003 1,204 1,900
Consolidated Net Income / (Loss)
509 653 825 855 609 1,161 920 698 1,003 1,204 1,900
Depreciation Expense
912 971 794 768 722 650 651 638 615 625 581
Amortization Expense
6.00 6.00 2.00 - 0.00 1.00 -2.00 -8.00 -7.00 -8.00 -8.00
Non-Cash Adjustments To Reconcile Net Income
379 164 -141 74 194 -493 418 100 -28 -128 -587
Changes in Operating Assets and Liabilities, net
136 -130 183 -162 213 418 -262 -23 94 218 218
Net Cash From Investing Activities
-802 -1,043 -4,349 -1,019 -921 -910 -897 -1,102 -1,033 -829 -3,098
Net Cash From Continuing Investing Activities
-802 -1,043 -4,349 -1,019 -921 -910 -897 -1,102 -1,033 -829 -3,098
Purchase of Property, Plant & Equipment
-942 -1,042 -4,479 -1,030 -902 -920 -905 -1,097 -1,025 -821 -3,093
Purchase of Investments
-2.00 -40 -30 -1.00 -47 -1.00 - -15 -37 -17 -16
Sale of Property, Plant & Equipment
133 6.00 - 1.00 17 3.00 1.00 1.00 21 - 4.00
Divestitures
9.00 33 160 11 11 8.00 7.00 9.00 8.00 9.00 7.00
Net Cash From Financing Activities
-752 -450 2,192 -495 -541 -716 -553 -704 -1,211 -940 -1,143
Net Cash From Continuing Financing Activities
-752 -450 2,192 -495 -541 -716 -553 -704 -1,211 -940 -1,143
Repayment of Debt
-274 - - - - - - - - - -
Repurchase of Common Equity
-301 -301 -295 -256 -205 -234 - -228 -517 -57 -126
Payment of Dividends
-172 -158 -282 -242 -306 -500 -321 -475 -607 -883 -1,016
Issuance of Debt
0.00 - - - - - - - - - -
Issuance of Common Equity
14 8.00 20 12 12 19 10 8.00 0.00 - -
Other Financing Activities, net
-19 1.00 2.00 -9.00 -42 -1.00 - -9.00 -87 - -1.00
Effect of Exchange Rate Changes
0.00 -1.00 1.00 -1.00 -2.00 3.00 -2.00 2.00 0.00 2.00 -10

Annual Balance Sheets for Devon Energy

This table presents Devon Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
30,489 24,490 23,721 21,025 9,912 13,717 19,566 30,241 28,675 29,451
Total Current Assets
3,427 3,157 3,891 4,249 3,260 3,851 4,437 4,791 3,772 4,021
Cash & Equivalents
846 875 1,454 2,271 2,237 - 2,414 2,642 1,959 2,310
Accounts Receivable
1,972 1,573 1,767 1,543 601 832 812 989 1,356 1,105
Inventories, net
294 249 201 114 - - - - - -
Other Current Assets
315 460 469 321 248 232 880 400 264 606
Plant, Property, & Equipment, net
25,011 19,328 18,106 15,008 5,393 7,558 8,462 14,584 20,533 19,068
Plant, Property & Equipment, gross
25,011 19,328 18,106 15,008 5,393 - - 14,584 20,533 91,154
Total Noncurrent Assets
2,051 2,005 1,724 1,768 1,259 2,308 6,667 10,866 4,370 6,362
Goodwill
753 753 753 753 753 753 753 841 2,383 5,032
Other Noncurrent Operating Assets
1,298 1,252 971 1,015 506 1,474 276 296 1,987 1,330
Total Liabilities & Shareholders' Equity
30,489 24,490 23,721 21,025 9,912 13,717 19,566 30,241 28,675 29,451
Total Liabilities
15,785 12,273 12,425 11,626 6,893 7,797 10,380 16,137 15,953 18,462
Total Current Liabilities
3,309 2,949 3,105 3,087 1,440 1,927 2,226 3,315 2,616 3,295
Short-Term Debt
485 483 251 0.00 - - 162 115 0.00 976
Accounts Payable
806 760 859 500 242 428 530 633 642 1,669
Other Current Liabilities
2,018 1,706 1,995 2,587 1,198 1,040 1,042 1,576 1,974 650
Total Noncurrent Liabilities
12,476 9,324 9,320 8,539 5,453 5,870 8,154 12,822 13,337 15,167
Long-Term Debt
8,398 5,672 6,189 6,482 4,298 4,294 4,292 6,749 10,154 12,056
Capital Lease Obligations
320 295 257 252 246 244 - - - -
Asset Retirement Reserve & Litigation Obligation
770 643 511 468 358 380 468 1,099 1,226 1,370
Noncurrent Deferred & Payable Income Tax Liabilities
2,148 1,838 1,463 287 - 341 529 489 1,063 888
Other Noncurrent Operating Liabilities
840 876 900 1,050 551 426 411 549 894 853
Total Equity & Noncontrolling Interests
14,704 12,217 11,296 9,399 3,019 5,920 9,186 14,104 12,722 10,989
Total Preferred & Common Equity
14,496 12,061 11,167 9,262 2,885 5,802 9,186 9,254 8,274 7,049
Total Common Equity
14,496 12,061 11,167 9,262 2,885 5,802 9,186 9,254 8,274 7,049
Common Stock
6,452 6,003 6,986 7,702 2,804 2,773 4,531 7,386 7,289 5,038
Retained Earnings
8,166 6,195 4,297 1,692 208 3,148 3,650 702 -69 1,781
Treasury Stock
0.00 -13 0.00 - - - -22 0.00 - -
Accumulated Other Comprehensive Income / (Loss)
-122 -124 -116 -132 -127 -119 1,027 1,166 1,054 230
Noncontrolling Interest
208 156 129 137 134 118 - 4,850 4,448 3,940

Quarterly Balance Sheets for Devon Energy

This table presents Devon Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets
30,928 30,489 30,263 25,162 24,978 24,490 24,241 23,355 23,420 23,721 23,557
Total Current Assets
3,905 3,427 3,232 3,359 3,398 3,157 3,212 2,605 3,189 3,891 4,009
Cash & Equivalents
1,234 846 676 1,169 1,149 875 761 488 887 1,454 1,310
Accounts Receivable
2,036 1,972 1,779 1,589 1,670 1,573 1,853 1,519 1,615 1,767 2,061
Inventories, net
332 294 293 258 234 249 233 201 212 201 -
Other Current Assets
303 315 484 343 345 460 365 397 475 469 638
Plant, Property, & Equipment, net
25,082 25,011 24,950 19,785 19,584 19,328 19,031 18,763 18,515 18,106 17,793
Plant, Property & Equipment, gross
25,082 25,011 24,950 19,785 19,584 19,328 19,031 18,763 18,515 18,106 17,793
Total Noncurrent Assets
1,941 2,051 2,081 2,018 1,996 2,005 1,998 1,987 1,716 1,724 1,755
Goodwill
753 753 753 753 753 753 753 753 753 753 753
Other Noncurrent Operating Assets
1,188 1,298 1,328 1,265 1,243 1,252 1,245 1,234 963 971 1,002
Total Liabilities & Shareholders' Equity
30,928 30,489 30,263 25,162 24,978 24,490 24,241 23,355 23,420 23,721 23,557
Total Liabilities
16,155 15,785 15,785 12,433 12,637 12,273 12,462 12,205 12,317 12,425 12,550
Total Current Liabilities
3,618 3,309 2,906 3,016 3,266 2,949 3,330 2,669 2,931 3,105 3,460
Short-Term Debt
485 485 0.00 475 479 483 487 244 247 251 255
Accounts Payable
923 806 995 754 879 760 812 843 935 859 761
Current Deferred & Payable Income Tax Liabilities
0.00 - - - 189 - - - - - -
Other Current Liabilities
2,210 2,018 1,911 1,787 1,719 1,706 2,031 1,582 1,749 1,995 2,444
Total Noncurrent Liabilities
12,537 12,476 12,879 9,417 9,371 9,324 9,132 9,536 9,386 9,320 9,090
Long-Term Debt
8,395 8,398 8,884 5,665 5,668 5,672 5,675 6,169 6,175 6,189 6,196
Capital Lease Obligations
77 320 328 315 301 295 290 299 256 257 259
Asset Retirement Reserve & Litigation Obligation
835 770 765 691 683 643 641 548 546 511 498
Noncurrent Deferred & Payable Income Tax Liabilities
2,189 2,148 2,082 1,917 1,878 1,838 1,676 1,662 1,543 1,463 1,196
Other Noncurrent Operating Liabilities
1,041 840 820 829 841 876 850 858 866 900 941
Total Equity & Noncontrolling Interests
14,773 14,704 14,478 12,729 12,341 12,217 11,779 11,150 11,103 11,296 11,007
Total Preferred & Common Equity
14,545 14,496 14,277 12,551 12,167 12,061 11,639 11,021 10,977 11,167 10,873
Total Common Equity
14,545 14,496 14,277 12,551 12,167 12,061 11,639 11,021 10,977 11,167 10,873
Common Stock
6,160 6,452 6,728 5,541 5,781 6,003 6,217 6,195 6,408 6,986 7,021
Retained Earnings
8,506 8,166 7,670 7,132 6,509 6,195 5,535 4,940 4,712 4,297 3,981
Accumulated Other Comprehensive Income / (Loss)
-121 -122 -121 -122 -123 -124 -113 -114 -115 -116 -129
Noncontrolling Interest
228 208 201 178 174 156 140 129 126 129 134

Annual Metrics And Ratios for Devon Energy

This table displays calculated financial ratios and metrics derived from Devon Energy's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
4.47% -20.40% 57.05% 152.82% -22.38% -30.08% 36.84% -3.73% -48.63% -32.82%
EBITDA Growth
-1.75% -27.32% 91.79% 460.08% -189.05% -39.28% 101.02% -27.03% 112.25% -293.79%
EBIT Growth
-17.36% -39.00% 150.51% 214.43% -2,100.00% -90.75% 322.16% 27.11% 101.47% -521.79%
NOPAT Growth
-18.68% -34.47% 99.29% 255.80% -2,068.28% -91.15% 274.87% 13.57% 102.02% -782.22%
Net Income Growth
-22.21% -37.35% 113.10% 206.07% -656.66% -110.95% 199.07% 173.94% 89.31% -906.92%
EPS Growth
-21.92% -35.96% 117.66% 158.85% -700.00% -114.59% 258.82% 181.34% 93.41% -911.25%
Operating Cash Flow Growth
0.86% -23.28% 74.12% 261.82% -34.62% -23.41% 117.54% 60.80% -84.22% -18.65%
Free Cash Flow Firm Growth
-169.81% -20.25% 165.02% -666.59% 3,973.19% -99.59% -30.94% 557.87% 18.59% 113.74%
Invested Capital Growth
29.61% 7.58% 19.31% 160.27% -35.68% 0.95% -35.73% -38.41% -4.55% -39.90%
Revenue Q/Q Growth
1.65% -1.00% 0.14% 32.49% -6.02% -14.22% 73.48% -5.86% -34.95% -19.13%
EBITDA Q/Q Growth
-2.89% -1.13% -0.73% 61.97% -9.73% -47.78% 2,992.13% -77.71% 139.75% -33.28%
EBIT Q/Q Growth
-11.78% -2.36% -1.49% 124.25% -3.03% -92.36% 298.18% -92.53% 103.70% -29.88%
NOPAT Q/Q Growth
-12.16% -0.59% -4.99% 100.74% -3.56% -92.45% 313.15% -93.08% 105.27% -28.52%
Net Income Q/Q Growth
-14.72% -1.12% -4.85% 131.64% 16.87% -124.58% 35.52% -67.72% 80.24% -27.88%
EPS Q/Q Growth
-15.56% -0.17% -4.40% 150.90% 15.84% -130.80% 42.86% -75.22% 85.93% -24.64%
Operating Cash Flow Q/Q Growth
-1.09% -2.59% 2.83% 38.74% -19.21% -22.90% 144.48% 4.28% -57.83% -10.31%
Free Cash Flow Firm Q/Q Growth
-10.27% -7.08% -2.33% 14.37% -54.93% -99.33% -20.43% 144.48% -47.79% 205.38%
Invested Capital Q/Q Growth
0.20% 1.84% 0.80% 2.77% -4.96% -14.25% -30.74% -34.73% 11.93% -16.61%
Profitability Metrics
- - - - - - - - - -
Gross Margin
49.97% 51.91% 55.26% 47.82% 35.05% 35.55% 38.47% 33.09% 31.50% 32.29%
EBITDA Margin
46.04% 48.95% 53.61% 43.90% -30.82% 26.87% 30.94% 21.06% 27.78% -116.52%
Operating Margin
26.17% 32.57% 41.68% 26.09% -59.11% 2.33% 17.05% 5.71% 5.70% -145.11%
EBIT Margin
25.56% 32.32% 42.17% 26.44% -58.41% 2.27% 17.13% 5.55% 4.21% -147.12%
Profit (Net Income) Margin
18.46% 24.79% 31.49% 23.21% -55.32% -5.68% 36.24% 16.58% -21.59% -103.80%
Tax Burden Percent
79.26% 81.81% 77.65% 97.76% 86.44% 323.85% 341.53% 2,695.00% 336.72% 68.71%
Interest Burden Percent
91.09% 93.75% 96.18% 89.80% 109.57% -77.31% 61.94% 11.08% -152.46% 102.68%
Effective Tax Rate
20.74% 18.19% 22.35% 2.24% 0.00% 0.00% 24.36% 17.50% 0.00% 0.00%
Return on Invested Capital (ROIC)
16.18% 23.68% 40.81% 32.44% -29.36% 1.23% 10.94% 1.83% 1.27% -46.18%
ROIC Less NNEP Spread (ROIC-NNEP)
10.96% 18.45% 37.39% 24.18% -58.21% -64.73% -167.84% 25.00% -17.18% -49.03%
Return on Net Nonoperating Assets (RNNOA)
5.67% 8.49% 17.53% 13.18% -30.40% -5.91% 16.74% 6.21% -13.57% -26.93%
Return on Equity (ROE)
21.86% 32.17% 58.34% 45.63% -59.76% -4.67% 27.69% 8.04% -12.30% -73.10%
Cash Return on Invested Capital (CROIC)
-9.61% 16.38% 23.20% -56.53% 14.07% 0.29% 54.45% 49.37% 5.92% 3.66%
Operating Return on Assets (OROA)
14.82% 20.46% 36.13% 20.86% -23.87% 0.85% 6.12% 1.23% 0.98% -48.29%
Return on Assets (ROA)
10.70% 15.69% 26.98% 18.31% -22.61% -2.12% 12.95% 3.66% -5.02% -34.08%
Return on Common Equity (ROCE)
21.56% 31.78% 57.59% 44.63% -58.08% -4.64% 21.92% 5.25% -7.95% -55.99%
Return on Equity Simple (ROE_SIMPLE)
20.30% 31.36% 54.06% 30.59% -92.58% -6.08% 35.10% 11.65% -17.62% -193.57%
Net Operating Profit after Tax (NOPAT)
3,306 4,065 6,203 3,113 -1,998 102 1,147 306 270 -13,353
NOPAT Margin
20.74% 26.64% 32.36% 25.50% -41.38% 1.63% 12.90% 4.71% 3.99% -101.58%
Net Nonoperating Expense Percent (NNEP)
5.22% 5.23% 3.42% 8.26% 28.84% 65.97% 178.79% -23.17% 18.45% 2.85%
Return On Investment Capital (ROIC_SIMPLE)
13.83% 21.78% 34.48% - - - - - - -
Cost of Revenue to Revenue
50.03% 48.09% 44.74% 52.18% 64.95% 64.45% 61.53% 66.91% 68.50% 67.71%
SG&A Expenses to Revenue
3.14% 2.67% 2.06% 3.20% 7.00% 7.64% 6.45% 9.92% 10.85% 9.08%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
23.80% 19.35% 13.58% 21.74% 94.16% 33.22% 21.41% 27.38% 25.80% 177.41%
Earnings before Interest and Taxes (EBIT)
4,075 4,931 8,084 3,227 -2,820 141 1,524 361 284 -19,339
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
7,338 7,469 10,276 5,358 -1,488 1,671 2,752 1,369 1,876 -15,317
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.48 2.32 3.28 2.81 1.72 1.33 0.88 1.78 2.17 1.38
Price to Tangible Book Value (P/TBV)
1.56 2.48 3.51 3.06 2.33 1.53 0.95 1.96 3.05 4.83
Price to Revenue (P/Rev)
1.35 1.84 1.91 2.13 1.03 1.24 0.91 2.53 2.66 0.74
Price to Earnings (P/E)
7.44 7.48 6.09 9.25 0.00 0.00 2.63 18.32 0.00 0.00
Dividend Yield
3.76% 1.83% 1.21% 1.15% 5.24% 1.74% 1.74% 0.77% 1.22% 4.05%
Earnings Yield
13.45% 13.36% 16.43% 10.81% 0.00% 0.00% 38.06% 5.46% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
1.30 1.90 2.54 2.21 1.39 1.27 1.23 2.00 1.48 1.12
Enterprise Value to Revenue (EV/Rev)
1.89 2.21 2.19 2.51 1.53 1.69 1.13 3.93 4.53 1.86
Enterprise Value to EBITDA (EV/EBITDA)
4.10 4.52 4.08 5.71 0.00 6.30 3.67 18.65 16.32 0.00
Enterprise Value to EBIT (EV/EBIT)
7.38 6.85 5.19 9.49 0.00 74.66 6.62 70.71 107.78 0.00
Enterprise Value to NOPAT (EV/NOPAT)
9.09 8.31 6.77 9.84 0.00 103.71 8.79 83.40 113.58 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
4.56 5.16 4.92 6.25 5.47 5.08 3.73 20.54 39.60 4.98
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 12.01 11.90 0.00 7.74 447.95 1.77 3.09 24.36 23.03
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.63 0.53 0.59 0.72 1.51 0.77 0.48 0.49 0.80 1.19
Long-Term Debt to Equity
0.59 0.49 0.57 0.72 1.51 0.77 0.47 0.48 0.80 1.10
Financial Leverage
0.52 0.46 0.47 0.55 0.52 0.09 -0.10 0.25 0.79 0.55
Leverage Ratio
2.04 2.05 2.16 2.49 2.64 2.20 2.14 2.20 2.45 2.15
Compound Leverage Factor
1.86 1.92 2.08 2.24 2.90 -1.70 1.32 0.24 -3.74 2.20
Debt to Total Capital
38.50% 34.55% 37.22% 41.74% 60.08% 43.39% 32.65% 32.74% 44.39% 54.25%
Short-Term Debt to Total Capital
2.03% 2.59% 1.40% 0.00% 0.00% 0.00% 1.19% 0.55% 0.00% 4.06%
Long-Term Debt to Total Capital
36.47% 31.97% 35.83% 41.74% 60.08% 43.39% 31.47% 32.19% 44.39% 50.19%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.87% 0.84% 0.72% 0.85% 1.77% 1.13% 0.00% 23.13% 19.44% 16.40%
Common Equity to Total Capital
60.64% 64.61% 62.06% 57.41% 38.15% 55.48% 67.35% 44.13% 36.17% 29.35%
Debt to EBITDA
1.25 0.86 0.65 1.26 -3.05 2.72 1.62 5.01 5.41 -0.85
Net Debt to EBITDA
1.14 0.75 0.51 0.83 -1.55 1.61 0.74 3.08 4.37 -0.70
Long-Term Debt to EBITDA
1.19 0.80 0.63 1.26 -3.05 2.72 1.56 4.93 5.41 -0.79
Debt to NOPAT
2.78 1.59 1.08 2.16 -2.27 44.71 3.88 22.43 37.68 -0.98
Net Debt to NOPAT
2.53 1.37 0.85 1.43 -1.15 26.54 1.78 13.79 30.41 -0.80
Long-Term Debt to NOPAT
2.64 1.47 1.04 2.16 -2.27 44.71 3.74 22.05 37.68 -0.90
Altman Z-Score
2.16 3.02 3.99 2.61 0.23 1.57 1.57 0.96 0.99 -1.29
Noncontrolling Interest Sharing Ratio
1.35% 1.21% 1.29% 2.18% 2.82% 0.78% 20.82% 34.66% 35.38% 23.42%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.04 1.07 1.25 1.38 2.26 2.00 1.99 1.45 1.44 1.22
Quick Ratio
0.85 0.83 1.04 1.24 1.97 0.43 1.45 1.10 1.27 1.04
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-1,963 2,812 3,526 -5,423 957 24 5,708 8,266 1,257 1,060
Operating Cash Flow to CapEx
88.84% 166.90% 167.72% 254.10% 120.14% 133.53% 161.82% 100.81% 0.00% 83.10%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.58 0.63 0.86 0.79 0.41 0.37 0.36 0.22 0.23 0.33
Accounts Receivable Turnover
8.99 9.14 11.58 11.39 6.74 7.57 9.88 5.54 5.49 8.58
Inventory Turnover
29.37 32.61 54.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.72 0.82 1.16 1.20 0.75 0.78 0.77 0.37 0.34 0.47
Accounts Payable Turnover
10.19 9.06 12.62 17.17 9.36 8.37 9.41 6.82 4.00 4.18
Days Sales Outstanding (DSO)
40.59 39.95 31.51 32.06 54.17 48.24 36.95 65.83 66.51 42.54
Days Inventory Outstanding (DIO)
12.43 11.19 6.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
35.84 40.27 28.92 21.26 38.99 43.61 38.77 53.49 91.17 87.39
Cash Conversion Cycle (CCC)
17.18 10.87 9.30 10.79 15.18 4.63 -1.83 12.34 -24.66 -44.86
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
23,061 17,792 16,539 13,862 5,326 8,281 8,203 12,764 20,724 21,711
Invested Capital Turnover
0.78 0.89 1.26 1.27 0.71 0.75 0.85 0.39 0.32 0.45
Increase / (Decrease) in Invested Capital
5,269 1,253 2,677 8,536 -2,955 78 -4,561 -7,960 -987 -14,412
Enterprise Value (EV)
30,065 33,772 41,976 30,613 7,409 10,527 10,091 25,527 30,609 24,396
Market Capitalization
21,500 28,041 36,604 26,013 4,968 7,715 8,051 16,455 17,966 9,734
Book Value per Share
$22.07 $18.82 $17.08 $13.68 $7.54 $15.11 $19.62 $17.61 $15.80 $17.15
Tangible Book Value per Share
$20.92 $17.65 $15.93 $12.57 $5.57 $13.15 $18.01 $16.01 $11.25 $4.91
Total Capital
23,907 18,667 17,993 16,133 7,563 10,458 13,640 20,968 22,876 24,021
Total Debt
9,203 6,450 6,697 6,734 4,544 4,538 4,454 6,864 10,154 13,032
Total Long-Term Debt
8,718 5,967 6,446 6,734 4,544 4,538 4,292 6,749 10,154 12,056
Net Debt
8,357 5,575 5,243 4,463 2,307 2,694 2,040 4,222 8,195 10,722
Capital Expenditures (CapEx)
7,429 3,921 5,086 1,928 1,127 1,551 1,671 1,233 -787 5,894
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-243 -184 -417 -1,109 -417 80 -41 -1,051 -803 -608
Debt-free Net Working Capital (DFNWC)
603 691 1,037 1,162 1,820 1,924 2,373 1,591 1,156 1,702
Net Working Capital (NWC)
118 208 786 1,162 1,820 1,924 2,211 1,476 1,156 726
Net Nonoperating Expense (NNE)
364 283 166 280 673 455 -2,077 -772 1,728 293
Net Nonoperating Obligations (NNO)
8,357 5,575 5,243 4,463 2,307 2,361 -983 -1,340 8,002 10,722
Total Depreciation and Amortization (D&A)
3,263 2,538 2,192 2,131 1,332 1,530 1,228 1,008 1,592 4,022
Debt-free, Cash-free Net Working Capital to Revenue
-1.52% -1.21% -2.18% -9.09% -8.64% 1.29% -0.46% -16.17% -11.89% -4.63%
Debt-free Net Working Capital to Revenue
3.78% 4.53% 5.41% 9.52% 37.70% 30.93% 26.67% 24.47% 17.12% 12.95%
Net Working Capital to Revenue
0.74% 1.36% 4.10% 9.52% 37.70% 30.93% 24.85% 22.70% 17.12% 5.52%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$4.58 $5.86 $9.15 $4.20 ($7.12) ($0.89) $6.14 $1.71 ($6.52) ($35.55)
Adjusted Weighted Average Basic Shares Outstanding
649M 635M 654M 664.20M 673.10M 382.90M 438.30M 526.10M 524.60M 441.30M
Adjusted Diluted Earnings per Share
$4.56 $5.84 $9.12 $4.19 ($7.12) ($0.89) $6.10 $1.70 ($6.52) ($35.55)
Adjusted Weighted Average Diluted Shares Outstanding
649M 635M 654M 664.20M 673.10M 382.90M 438.30M 526.10M 524.60M 441.30M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
649M 635M 654M 664.20M 673.10M 382.90M 438.30M 526.10M 524.60M 441.30M
Normalized Net Operating Profit after Tax (NOPAT)
3,315 4,041 6,169 3,201 -79 127 1,128 125 -289 -995
Normalized NOPAT Margin
20.79% 26.48% 32.18% 26.22% -1.64% 2.04% 12.69% 1.93% -4.28% -7.57%
Pre Tax Income Margin
23.29% 30.30% 40.56% 23.74% -64.00% -1.75% 10.61% 0.62% -6.41% -151.07%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
33.58% 50.32% 56.47% 47.16% -10.15% -39.66% 4.62% 11.78% -15.16% -4.76%
Augmented Payout Ratio
69.51% 76.20% 68.36% 67.95% -11.57% -563.46% 96.31% 11.78% -15.16% -4.76%

Quarterly Metrics And Ratios for Devon Energy

This table displays calculated financial ratios and metrics derived from Devon Energy's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
23.80% 6.22% 4.90% 13.40% -5.94% -3.58% -29.38% -38.61% 0.29% 0.61% 56.72%
EBITDA Growth
7.73% -10.10% 8.10% 17.38% -17.75% -3.79% -41.96% -48.19% 4.04% -3.28% 91.55%
EBIT Growth
-8.89% -36.10% -0.09% 14.46% -34.88% -7.32% -54.46% -62.19% -3.79% -6.98% 141.14%
NOPAT Growth
-8.67% -37.20% -7.87% 20.24% -35.59% -2.06% -47.90% -61.89% 5.15% -20.83% 108.55%
Net Income Growth
-16.42% -43.76% -10.33% 22.49% -39.28% -3.57% -51.58% -63.98% 0.80% -20.37% 125.12%
EPS Growth
-18.09% -46.15% -8.45% 25.23% -38.56% -0.55% -50.69% -63.48% 3.38% -18.67% 132.26%
Operating Cash Flow Growth
11.74% -4.20% -3.59% 9.25% 3.64% -9.11% -18.01% -47.54% -8.71% 18.26% 31.66%
Free Cash Flow Firm Growth
-7,032.53% -20,940.73% -7,315.69% 109.00% 97.42% 98.49% 93.76% -236.90% -241.90% 79.57% 85.66%
Invested Capital Growth
27.53% 29.61% 31.73% 3.69% 4.42% 7.58% 6.48% 28.80% 24.84% 19.31% 21.64%
Revenue Q/Q Growth
1.11% 9.42% 2.73% 8.93% -13.24% 8.06% 11.06% -9.65% -11.07% -20.86% -3.45%
EBITDA Q/Q Growth
-13.04% -0.41% 3.40% 20.31% -27.43% 19.76% 12.27% -15.70% -15.11% -27.76% 0.23%
EBIT Q/Q Growth
-20.15% -16.41% 3.23% 32.23% -43.99% 30.70% 18.26% -24.77% -20.30% -35.78% -1.82%
NOPAT Q/Q Growth
-18.91% -16.10% 0.04% 34.20% -44.24% 23.08% 30.55% -28.10% -15.22% -34.53% -4.49%
Net Income Q/Q Growth
-22.05% -20.85% -3.51% 40.39% -47.55% 26.20% 31.81% -30.41% -16.69% -36.63% -1.96%
EPS Q/Q Growth
-21.43% -24.62% -2.99% 42.55% -48.35% 28.17% 32.71% -30.07% -16.39% -36.46% -1.71%
Operating Cash Flow Q/Q Growth
16.71% 0.06% 8.34% -11.68% 0.06% 0.70% 22.78% -16.22% -12.24% -9.17% -21.43%
Free Cash Flow Firm Q/Q Growth
5.93% 2.74% -1,747.26% 573.26% -177.50% 65.72% 98.00% -35.83% -61.74% -42.21% -143.82%
Invested Capital Q/Q Growth
-2.45% 0.20% 27.75% 2.13% -0.85% 1.84% 0.55% 2.84% 2.15% 0.80% 21.63%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
47.26% 48.15% 52.49% 51.60% 47.61% 55.32% 50.03% 48.76% 52.97% 54.73% 58.39%
EBITDA Margin
37.89% 44.06% 48.41% 48.10% 43.55% 52.06% 46.98% 46.47% 49.80% 52.17% 57.16%
Operating Margin
17.88% 22.60% 29.55% 28.62% 24.08% 36.60% 30.40% 28.52% 34.03% 37.73% 45.88%
EBIT Margin
17.27% 21.87% 28.63% 28.49% 23.47% 36.36% 30.06% 28.23% 33.90% 37.82% 46.61%
Profit (Net Income) Margin
11.43% 14.83% 20.50% 21.83% 16.94% 28.01% 23.98% 20.21% 26.24% 28.01% 34.98%
Tax Burden Percent
78.79% 77.74% 77.54% 82.21% 79.30% 81.19% 85.82% 77.81% 81.94% 77.53% 77.08%
Interest Burden Percent
84.01% 87.23% 92.36% 93.19% 91.00% 94.89% 92.97% 92.00% 94.44% 95.51% 97.35%
Effective Tax Rate
21.21% 22.26% 22.46% 17.79% 20.70% 18.81% 14.18% 22.19% 18.06% 22.47% 22.92%
Return on Invested Capital (ROIC)
11.79% 13.71% 17.75% 20.60% 16.62% 26.41% 23.74% 24.46% 35.16% 36.89% 45.29%
ROIC Less NNEP Spread (ROIC-NNEP)
9.98% 11.98% 16.39% 19.44% 15.22% 25.11% 22.28% 23.01% 33.88% 35.79% 44.86%
Return on Net Nonoperating Assets (RNNOA)
4.79% 6.20% 8.88% 9.37% 7.20% 11.55% 10.85% 10.21% 16.31% 16.78% 21.97%
Return on Equity (ROE)
16.58% 19.91% 26.63% 29.97% 23.82% 37.96% 34.58% 34.67% 51.47% 53.67% 67.25%
Cash Return on Invested Capital (CROIC)
-8.02% -9.61% -8.80% 18.09% 17.03% 16.38% 17.87% 7.29% 19.01% 23.20% 24.15%
Operating Return on Assets (OROA)
10.38% 12.68% 16.47% 18.20% 14.58% 23.01% 19.38% 20.63% 28.77% 32.41% 40.00%
Return on Assets (ROA)
6.87% 8.60% 11.80% 13.94% 10.52% 17.73% 15.47% 14.77% 22.27% 24.00% 30.02%
Return on Common Equity (ROCE)
16.34% 19.64% 26.28% 29.59% 23.52% 37.50% 34.16% 34.24% 50.82% 52.98% 66.35%
Return on Equity Simple (ROE_SIMPLE)
19.54% 0.00% 24.16% 28.24% 27.85% 0.00% 32.86% 43.60% 55.07% 0.00% 58.36%
Net Operating Profit after Tax (NOPAT)
627 773 922 922 687 1,232 1,001 766 1,066 1,257 1,921
NOPAT Margin
14.09% 17.57% 22.91% 23.53% 19.10% 29.71% 26.09% 22.19% 27.89% 29.25% 35.36%
Net Nonoperating Expense Percent (NNEP)
1.82% 1.73% 1.36% 1.16% 1.40% 1.31% 1.45% 1.44% 1.28% 1.10% 0.42%
Return On Investment Capital (ROIC_SIMPLE)
2.64% 3.24% - - - 6.60% - - - 6.99% -
Cost of Revenue to Revenue
52.74% 51.85% 47.51% 48.40% 52.39% 44.68% 49.97% 51.24% 47.03% 45.27% 41.61%
SG&A Expenses to Revenue
2.92% 3.52% 2.91% 2.91% 3.17% 2.68% 2.58% 2.66% 2.77% 2.84% 1.75%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
29.38% 25.55% 22.94% 22.98% 23.53% 18.72% 19.63% 20.24% 18.94% 17.00% 12.52%
Earnings before Interest and Taxes (EBIT)
769 963 1,152 1,116 844 1,507 1,153 975 1,296 1,626 2,532
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,687 1,940 1,948 1,884 1,566 2,158 1,802 1,605 1,904 2,243 3,105
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.67 1.48 1.72 2.39 2.64 2.32 2.51 2.69 2.87 3.28 3.34
Price to Tangible Book Value (P/TBV)
1.76 1.56 1.81 2.54 2.82 2.48 2.68 2.89 3.08 3.51 3.59
Price to Revenue (P/Rev)
1.45 1.35 1.56 1.93 2.14 1.84 1.89 1.75 1.64 1.91 1.90
Price to Earnings (P/E)
8.70 7.44 7.20 8.55 9.60 7.48 7.69 6.21 5.22 6.09 5.75
Dividend Yield
3.34% 3.76% 3.09% 2.05% 1.63% 1.83% 1.71% 1.64% 1.50% 1.21% 1.10%
Earnings Yield
11.49% 13.45% 13.90% 11.69% 10.41% 13.36% 13.00% 16.10% 19.14% 16.43% 17.40%
Enterprise Value to Invested Capital (EV/IC)
1.43 1.30 1.44 1.97 2.13 1.90 2.01 2.07 2.21 2.54 2.55
Enterprise Value to Revenue (EV/Rev)
1.92 1.89 2.12 2.29 2.50 2.21 2.27 2.12 1.95 2.19 2.19
Enterprise Value to EBITDA (EV/EBITDA)
4.32 4.10 4.40 4.78 5.28 4.52 4.64 4.07 3.61 4.08 4.04
Enterprise Value to EBIT (EV/EBIT)
8.06 7.38 7.20 7.67 8.40 6.85 6.94 5.60 4.65 5.19 5.10
Enterprise Value to NOPAT (EV/NOPAT)
9.93 9.09 8.83 9.22 10.21 8.31 8.57 7.19 5.98 6.77 6.41
Enterprise Value to Operating Cash Flow (EV/OCF)
4.74 4.56 4.98 5.26 5.70 5.16 5.21 5.08 4.47 4.92 5.04
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 11.07 12.80 12.01 11.58 32.05 12.93 11.90 11.59
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.61 0.63 0.64 0.51 0.52 0.53 0.55 0.60 0.60 0.59 0.61
Long-Term Debt to Equity
0.57 0.59 0.64 0.47 0.48 0.49 0.51 0.58 0.58 0.57 0.59
Financial Leverage
0.48 0.52 0.54 0.48 0.47 0.46 0.49 0.44 0.48 0.47 0.49
Leverage Ratio
2.06 2.04 2.08 2.03 2.06 2.05 2.10 2.18 2.20 2.16 2.22
Compound Leverage Factor
1.73 1.78 1.92 1.89 1.88 1.95 1.95 2.00 2.08 2.07 2.16
Debt to Total Capital
37.75% 38.50% 38.89% 33.65% 34.32% 34.55% 35.39% 37.58% 37.56% 37.22% 37.87%
Short-Term Debt to Total Capital
2.04% 2.03% 0.00% 2.48% 2.55% 2.59% 2.67% 1.37% 1.39% 1.40% 1.44%
Long-Term Debt to Total Capital
35.70% 36.47% 38.89% 31.17% 31.77% 31.97% 32.72% 36.21% 36.17% 35.83% 36.43%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.96% 0.87% 0.85% 0.93% 0.93% 0.84% 0.77% 0.72% 0.71% 0.72% 0.76%
Common Equity to Total Capital
61.29% 60.64% 60.27% 65.42% 64.76% 64.61% 63.84% 61.70% 61.73% 62.06% 61.37%
Debt to EBITDA
1.20 1.25 1.22 0.87 0.90 0.86 0.85 0.76 0.65 0.65 0.65
Net Debt to EBITDA
1.04 1.14 1.13 0.71 0.74 0.75 0.75 0.70 0.56 0.51 0.52
Long-Term Debt to EBITDA
1.14 1.19 1.22 0.81 0.84 0.80 0.79 0.73 0.62 0.63 0.62
Debt to NOPAT
2.76 2.78 2.45 1.68 1.75 1.59 1.58 1.34 1.07 1.08 1.03
Net Debt to NOPAT
2.38 2.53 2.27 1.38 1.44 1.37 1.39 1.24 0.93 0.85 0.83
Long-Term Debt to NOPAT
2.61 2.64 2.45 1.56 1.62 1.47 1.46 1.29 1.03 1.04 0.99
Altman Z-Score
1.92 1.82 1.94 2.62 2.61 2.56 2.51 2.62 2.83 3.10 3.17
Noncontrolling Interest Sharing Ratio
1.48% 1.35% 1.30% 1.29% 1.28% 1.21% 1.20% 1.24% 1.27% 1.29% 1.35%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.08 1.04 1.11 1.11 1.04 1.07 0.96 0.98 1.09 1.25 1.16
Quick Ratio
0.90 0.85 0.84 0.91 0.86 0.83 0.79 0.75 0.85 1.04 0.97
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-4,229 -4,496 -4,622 281 -59 -21 -62 -3,119 -2,296 -1,420 -998
Operating Cash Flow to CapEx
240.05% 160.62% 37.13% 149.17% 196.38% 189.42% 190.82% 128.19% 167.03% 232.76% 68.11%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.60 0.58 0.58 0.64 0.62 0.63 0.64 0.73 0.85 0.86 0.86
Accounts Receivable Turnover
9.06 8.99 8.64 9.97 9.15 9.14 7.88 8.80 10.61 11.58 10.70
Inventory Turnover
29.82 29.37 28.68 32.89 33.29 32.61 0.00 0.00 0.00 54.46 0.00
Fixed Asset Turnover
0.75 0.72 0.71 0.80 0.79 0.82 0.84 1.00 1.14 1.16 1.16
Accounts Payable Turnover
9.37 10.19 8.35 9.45 8.18 9.06 9.45 10.29 11.16 12.62 13.10
Days Sales Outstanding (DSO)
40.27 40.59 42.27 36.61 39.89 39.95 46.35 41.49 34.42 31.51 34.11
Days Inventory Outstanding (DIO)
12.24 12.43 12.72 11.10 10.97 11.19 0.00 0.00 0.00 6.70 0.00
Days Payable Outstanding (DPO)
38.97 35.84 43.71 38.61 44.60 40.27 38.63 35.47 32.70 28.92 27.86
Cash Conversion Cycle (CCC)
13.54 17.18 11.28 9.10 6.25 10.87 7.72 6.02 1.72 9.30 6.25
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
22,496 23,061 23,014 18,015 17,640 17,792 17,470 17,374 16,894 16,539 16,407
Invested Capital Turnover
0.84 0.78 0.77 0.88 0.87 0.89 0.91 1.10 1.26 1.26 1.28
Increase / (Decrease) in Invested Capital
4,856 5,269 5,544 641 746 1,253 1,063 3,885 3,362 2,677 2,919
Enterprise Value (EV)
32,224 30,065 33,234 35,421 37,623 33,772 35,033 36,032 37,375 41,976 41,847
Market Capitalization
24,273 21,500 24,497 29,957 32,150 28,041 29,202 29,679 31,458 36,604 36,313
Book Value per Share
$22.41 $22.07 $22.80 $19.86 $19.25 $18.82 $18.17 $17.17 $16.78 $17.08 $16.61
Tangible Book Value per Share
$21.25 $20.92 $21.60 $18.67 $18.06 $17.65 $16.99 $16.00 $15.63 $15.93 $15.46
Total Capital
23,730 23,907 23,690 19,184 18,789 18,667 18,231 17,862 17,781 17,993 17,717
Total Debt
8,957 9,203 9,212 6,455 6,448 6,450 6,452 6,712 6,678 6,697 6,710
Total Long-Term Debt
8,472 8,718 9,212 5,980 5,969 5,967 5,965 6,468 6,431 6,446 6,455
Net Debt
7,723 8,357 8,536 5,286 5,299 5,575 5,691 6,224 5,791 5,243 5,400
Capital Expenditures (CapEx)
809 1,036 4,479 1,029 885 917 904 1,096 1,004 821 3,089
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-462 -243 -350 -351 -538 -184 -392 -308 -382 -417 -506
Debt-free Net Working Capital (DFNWC)
772 603 326 818 611 691 369 180 505 1,037 804
Net Working Capital (NWC)
287 118 326 343 132 208 -118 -64 258 786 549
Net Nonoperating Expense (NNE)
118 120 97 67 78 71 81 68 63 53 21
Net Nonoperating Obligations (NNO)
7,723 8,357 8,536 5,286 5,299 5,575 5,691 6,224 5,791 5,243 5,400
Total Depreciation and Amortization (D&A)
918 977 796 768 722 651 649 630 608 617 573
Debt-free, Cash-free Net Working Capital to Revenue
-2.75% -1.52% -2.23% -2.27% -3.58% -1.21% -2.54% -1.81% -1.99% -2.18% -2.64%
Debt-free Net Working Capital to Revenue
4.60% 3.78% 2.08% 5.28% 4.06% 4.53% 2.39% 1.06% 2.63% 5.41% 4.20%
Net Working Capital to Revenue
1.71% 0.74% 2.08% 2.21% 0.88% 1.36% -0.77% -0.38% 1.35% 4.10% 2.87%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.77 $0.97 $1.31 $1.35 $0.95 $1.82 $1.43 $1.08 $1.53 $1.84 $2.89
Adjusted Weighted Average Basic Shares Outstanding
642.10M 649M 656.90M 626.20M 632M 635M 640.70M 640.70M 641.70M 654M 653.70M
Adjusted Diluted Earnings per Share
$0.77 $0.98 $1.30 $1.34 $0.94 $1.82 $1.42 $1.07 $1.53 $1.83 $2.88
Adjusted Weighted Average Diluted Shares Outstanding
642.10M 649M 656.90M 626.20M 632M 635M 640.70M 640.70M 641.70M 654M 653.70M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
642.10M 649M 656.90M 626.20M 632M 635M 640.70M 640.70M 641.70M 654M 653.70M
Normalized Net Operating Profit after Tax (NOPAT)
829 770 928 934 688 1,241 1,001 735 1,066 1,235 1,921
Normalized NOPAT Margin
18.62% 17.48% 23.06% 23.84% 19.12% 29.93% 26.09% 21.27% 27.89% 28.73% 35.36%
Pre Tax Income Margin
14.51% 19.08% 26.44% 26.55% 21.36% 34.50% 27.95% 25.97% 32.02% 36.12% 45.38%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
30.05% 33.58% 38.55% 38.62% 47.28% 50.32% 59.76% 62.04% 55.27% 56.47% 48.64%
Augmented Payout Ratio
70.62% 69.51% 67.25% 58.22% 66.97% 76.20% 80.73% 81.35% 72.21% 68.36% 68.34%

Frequently Asked Questions About Devon Energy's Financials

When does Devon Energy's financial year end?

According to the most recent income statement we have on file, Devon Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Devon Energy's net income changed over the last 9 years?

Devon Energy's net income appears to be on an upward trend, with a most recent value of $2.94 billion in 2024, falling from -$13.65 billion in 2015. The previous period was $3.78 billion in 2023. See Devon Energy's forecast for analyst expectations on what’s next for the company.

What is Devon Energy's operating income?
Devon Energy's total operating income in 2024 was $4.17 billion, based on the following breakdown:
  • Total Gross Profit: $7.97 billion
  • Total Operating Expenses: $3.79 billion
How has Devon Energy revenue changed over the last 9 years?

Over the last 9 years, Devon Energy's total revenue changed from $13.15 billion in 2015 to $15.94 billion in 2024, a change of 21.3%.

How much debt does Devon Energy have?

Devon Energy's total liabilities were at $15.79 billion at the end of 2024, a 28.6% increase from 2023, and a 14.5% decrease since 2015.

How much cash does Devon Energy have?

In the past 9 years, Devon Energy's cash and equivalents has ranged from $0.00 in 2019 to $2.64 billion in 2017, and is currently $846 million as of their latest financial filing in 2024.

How has Devon Energy's book value per share changed over the last 9 years?

Over the last 9 years, Devon Energy's book value per share changed from 17.15 in 2015 to 22.07 in 2024, a change of 28.7%.



This page (NYSE:DVN) was last updated on 5/28/2025 by MarketBeat.com Staff
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