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DVN (Devon Energy Corporation) Stock Financials & Earnings | Market Cap Arena
DVN
Devon Energy Corporation
Mkt Cap
$28B
Energy
·
Oil & Gas Exploration & Production
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$16.6B
Net Income (TTM)
$2.6B
EPS (TTM)
$4.17
Free Cash Flow (TTM)
$3.0B
Gross Margin
22.7%
Op. Margin
19.8%
Net Margin
15.9%
FCF Margin
18.4%
P/S Ratio (TTM)
1.7x
P/E Ratio (TTM)
10.5x
YoY Rev Growth
+6.7%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$3.8B
$1.3B
$1.2B
Q2 23
$3.5B
$1.1B
$983M
Q3 23
$4.0B
$1.5B
$1.4B
Q4 23
$3.8B
$1.3B
$1.2B
Q1 24
$3.4B
$788M
$674M
Q2 24
$3.8B
$1.2B
$1.1B
Q3 24
$4.1B
$1.4B
$1.3B
Q4 24
$4.2B
$937M
$782M
Q1 25
$4.4B
$1.1B
$974M
Q2 25
$4.0B
$858M
$754M
Q3 25
$4.3B
$1.0B
$902M
Q4 25
$3.9B
$792M
$657M
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Revenue Breakdown
DVN
Devon Energy Corporation
Revenue Breakdown
Q4 2025
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Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
1.4x
4.6x
Q2 23
1.6x
5.8x
Q3 23
1.8x
7.3x
Q4 23
1.8x
7.4x
Q1 24
1.9x
8.3x
Q2 24
1.8x
7.9x
Q3 24
1.8x
8.1x
Q4 24
1.8x
9.6x
Q1 25
1.7x
9.9x
Q2 25
1.7x
9.7x
Q3 25
1.6x
10.2x
Q4 25
1.7x
10.5x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$1.7B
$652M
Q2 23
$1.4B
$308M
Q3 23
$1.7B
$820M
Q4 23
$1.7B
$825M
Q1 24
$1.7B
$836M
Q2 24
$1.5B
$516M
Q3 24
$1.7B
-$2.8B
Q4 24
$1.7B
$622M
Q1 25
$1.9B
$1.0B
Q2 25
$1.5B
$589M
Q3 25
$1.7B
$820M
Q4 25
$1.6B
$641M
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$1.0B
Q2 23
$1.1B
Q3 23
$905M
Q4 23
$920M
Q1 24
$902M
Q2 24
$1.0B
Q3 24
$4.5B
Q4 24
$1.0B
Q1 25
$942M
Q2 25
$956M
Q3 25
$870M
Q4 25
$933M
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OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-22.3%
-0.2%
Q2 23
-44.3%
-17.7%
Q3 23
-22.0%
-9.2%
Q4 23
-12.2%
-4.0%
Q1 24
-9.5%
+8.2%
Q2 24
+9.7%
+10.8%
Q3 24
+2.2%
+5.9%
Q4 24
+10.0%
+30.7%
Q1 25
+28.5%
+24.6%
Q2 25
+5.6%
+18.4%
Q3 25
+3.0%
+18.5%
Q4 25
-6.3%
-4.1%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$23M
0.6%
Q2 23
$25M
0.7%
Q3 23
$22M
0.5%
Q4 23
$23M
0.6%
Q1 24
$24M
0.7%
Q2 24
$27M
0.7%
Q3 24
$24M
0.6%
Q4 24
$24M
0.6%
Q1 25
$30M
0.7%
Q2 25
$23M
0.6%
Q3 25
$24M
0.6%
Q4 25
$0
0.0%
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OpEx Breakdown
G&A
S&M
SG&A
Quarter
G&A
S&M
SG&A
Q1 23
—
—
$106M
Q2 23
—
—
$92M
Q3 23
—
—
$99M
Q4 23
—
—
$111M
Q1 24
—
—
$114M
Q2 24
—
—
$114M
Q3 24
—
—
$117M
Q4 24
—
—
$155M
Q1 25
—
—
$130M
Q2 25
$113M
$20M
—
Q3 25
$114K
$1M
—
Q4 25
—
—
$135M
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Revenue Segments
Quarter
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War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$761M
$0
$761M
Q2 23
$372M
$0
$372M
Q3 23
$761M
$0
$761M
Q4 23
$875M
$0
$875M
Q1 24
$1.1B
$0
$1.1B
Q2 24
$1.2B
$0
$1.2B
Q3 24
$676M
$0
$676M
Q4 24
$846M
$0
$846M
Q1 25
$1.2B
$0
$1.2B
Q2 25
$1.8B
$0
$1.8B
Q3 25
$1.3B
$0
$1.3B
Q4 25
$1.4B
$0
$1.4B
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Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
647M
-1.2%
Q2 23
639M
-1.2%
Q3 23
639M
+0.0%
Q4 23
638M
-0.2%
Q1 24
632M
-0.9%
Q2 24
628M
-0.6%
Q3 24
623M
-0.8%
Q4 24
623M
+0.0%
Q1 25
645M
+3.5%
Q2 25
636M
-1.4%
Q3 25
636M
+0.0%
Q4 25
622M
-2.2%
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Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$3M
7K
FY 15
$1M
7K
FY 16
$2M
5K
FY 17
$2M
5K
FY 18
$3M
3K
FY 19
$4M
2K
FY 20
$3M
1K
FY 21
$9M
2K
FY 22
$11M
2K
FY 23
$8M
2K
FY 24
$7M
2K
FY 25
$8M
2K
marketcaparena.com