Devon Energy (DVN) Financials

$30.70 +0.08 (+0.27%)

Closing price 03:59 PM Eastern

Extended Trading

$30.70 0.00 (-0.01%)

As of 05:25 PM Eastern

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

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

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

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

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Total Assets	23,557	23,721	23,420	23,355	24,241	24,490	24,978	25,162	30,263	30,489
Total Current Assets	4,009	3,891	3,189	2,605	3,212	3,157	3,398	3,359	3,232	3,427
Cash & Equivalents	1,310	1,454	887	488	761	875	1,149	1,169	676	846
Accounts Receivable	2,061	1,767	1,615	1,519	1,853	1,573	1,670	1,589	1,779	1,972
Inventories, net	-	201	212	201	233	249	234	258	293	294
Other Current Assets	638	469	475	397	365	460	345	343	484	315
Plant, Property, & Equipment, net	17,793	18,106	18,515	18,763	19,031	19,328	19,584	19,785	24,950	25,011
Plant, Property & Equipment, gross	17,793	18,106	18,515	18,763	19,031	19,328	19,584	19,785	24,950	25,011
Total Noncurrent Assets	1,755	1,724	1,716	1,987	1,998	2,005	1,996	2,018	2,081	2,051
Goodwill	753	753	753	753	753	753	753	753	753	753
Other Noncurrent Operating Assets	1,002	971	963	1,234	1,245	1,252	1,243	1,265	1,328	1,298
Total Liabilities & Shareholders' Equity	23,557	23,721	23,420	23,355	24,241	24,490	24,978	25,162	30,263	30,489
Total Liabilities	12,550	12,425	12,317	12,205	12,462	12,273	12,637	12,433	15,785	15,785
Total Current Liabilities	3,460	3,105	2,931	2,669	3,330	2,949	3,266	3,016	2,906	3,309
Short-Term Debt	255	251	247	244	487	483	479	475	0.00	485
Accounts Payable	761	859	935	843	812	760	879	754	995	806
Other Current Liabilities	2,444	1,995	1,749	1,582	2,031	1,706	1,719	1,787	1,911	2,018
Total Noncurrent Liabilities	9,090	9,320	9,386	9,536	9,132	9,324	9,371	9,417	12,879	12,476
Long-Term Debt	6,196	6,189	6,175	6,169	5,675	5,672	5,668	5,665	8,884	8,398
Capital Lease Obligations	259	257	256	299	290	295	301	315	328	320
Asset Retirement Reserve & Litigation Obligation	498	511	546	548	641	643	683	691	765	770
Noncurrent Deferred & Payable Income Tax Liabilities	1,196	1,463	1,543	1,662	1,676	1,838	1,878	1,917	2,082	2,148
Other Noncurrent Operating Liabilities	941	900	866	858	850	876	841	829	820	840
Total Equity & Noncontrolling Interests	11,007	11,296	11,103	11,150	11,779	12,217	12,341	12,729	14,478	14,704
Total Preferred & Common Equity	10,873	11,167	10,977	11,021	11,639	12,061	12,167	12,551	14,277	14,496
Total Common Equity	10,873	11,167	10,977	11,021	11,639	12,061	12,167	12,551	14,277	14,496
Common Stock	7,021	6,986	6,408	6,195	6,217	6,003	5,781	5,541	6,728	6,452
Retained Earnings	3,981	4,297	4,712	4,940	5,535	6,195	6,509	7,132	7,670	8,166
Treasury Stock	0.00	0.00	-28	-	-	-13	0.00	0.00	0.00	0.00
Accumulated Other Comprehensive Income / (Loss)	-129	-116	-115	-114	-113	-124	-123	-122	-121	-122
Noncontrolling Interest	134	129	126	129	140	156	174	178	201	208

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

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

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

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

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. Check out Devon Energy's forecast to explore projected trends and price targets.

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%.

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This page (NYSE:DVN) was last updated on 5/6/2025 by MarketBeat.com Staff

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Devon Energy (DVN) Financials

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Devon Energy (DVN) Financials

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