Devon Energy (DVN) Financials

$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

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

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

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

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

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

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

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%

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%.

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

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Devon Energy (DVN) Financials

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