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Devon Energy Corporation logo

Devon Energy Corporation

DVN

NYSEEnergyOil & Gas Exploration & Production

Open in GoAI

Previous close

$49.10

−$0.20 · -0.41%

Aug 21, 4:00 PM ET

DVN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

83

Deep Value

Momentum

40

Weakening

Sentiment

83

Very Bullish

Risk resilience

70

Moderate Risk

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Company profile

Company website

As an independent energy producer, Devon Energy Corporation primarily focuses on the exploration, development, and extraction of oil, natural gas, and natural gas liquids within the United States. The company manages roughly 5,134 gross wells. Established in 1971, its corporate headquarters are located in Oklahoma City, Oklahoma.

Industry
Oil & Gas Exploration & Production
Sector
Energy
Headquarters
US
CEO
Clay Gaspar
Listed since
Jul 22, 1985
Employees
2,200

Market position

Day range

Current $49.10

52-week range

Current $49.10

Open
$49.445
Previous close
$49.30
Volume
9M
0.67× average
Average volume
13.34M
Average daily volume
Market cap
54.01B USD
Beta
0.42
Market reference 1
50-day average
$43.8726
+11.91% above average
200-day average
$42.8174
+14.67% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
30.35B USD
P/E (TTM)
11.61×
P/B (TTM)
1.1×
P/S (TTM)
2.74×
EV / EBITDA
4.02×
Earnings yield
11.49%
Free cash flow yield
12.16%
Dividend yield
2.12%

Profitability & efficiency

Gross margin
34.04%
Operating margin
23.86%
Net margin
16.67%
Return on equity
17.01%
Return on assets
8.36%
Return on invested capital
10.46%

Financial health

Debt / equity
0.28×
Current ratio
0.98×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends46%35%24%13%Gross margin, FY2021: 30.14%Gross margin, FY2022: 43.66%Gross margin, FY2023: 35.17%Gross margin, FY2024: 29.55%Gross margin, FY2025: 25.55%Operating margin, FY2021: 26.59%Operating margin, FY2022: 41.32%Operating margin, FY2023: 32.37%Operating margin, FY2024: 26.24%Operating margin, FY2025: 22.43%Net margin, FY2021: 23.05%Net margin, FY2022: 31.38%Net margin, FY2023: 24.56%Net margin, FY2024: 18.14%Net margin, FY2025: 15.37%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 30.14%. Gross margin FY2022 43.66%. Gross margin FY2023 35.17%. Gross margin FY2024 29.55%. Gross margin FY2025 25.55%. Operating margin FY2021 26.59%. Operating margin FY2022 41.32%. Operating margin FY2023 32.37%. Operating margin FY2024 26.24%. Operating margin FY2025 22.43%. Net margin FY2021 23.05%. Net margin FY2022 31.38%. Net margin FY2023 24.56%. Net margin FY2024 18.14%. Net margin FY2025 15.37%.

Income trends

Revenue

17.19B USD+7.83%

Operating income

3.86B USD-7.80%

Net income

2.64B USD-8.61%
Income trends across reported periods20.82B USD14.21B USD7.6B USD989.3M USDRevenue, FY2021: 12.21B USDRevenue, FY2022: 19.17B USDRevenue, FY2023: 15.26B USDRevenue, FY2024: 15.94B USDRevenue, FY2025: 17.19B USDOperating income, FY2021: 3.25B USDOperating income, FY2022: 7.92B USDOperating income, FY2023: 4.94B USDOperating income, FY2024: 4.18B USDOperating income, FY2025: 3.86B USDNet income, FY2021: 2.81B USDNet income, FY2022: 6.02B USDNet income, FY2023: 3.75B USDNet income, FY2024: 2.89B USDNet income, FY2025: 2.64B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 12.21B USD. Revenue FY2022 19.17B USD. Revenue FY2023 15.26B USD. Revenue FY2024 15.94B USD. Revenue FY2025 17.19B USD. Operating income FY2021 3.25B USD. Operating income FY2022 7.92B USD. Operating income FY2023 4.94B USD. Operating income FY2024 4.18B USD. Operating income FY2025 3.86B USD. Net income FY2021 2.81B USD. Net income FY2022 6.02B USD. Net income FY2023 3.75B USD. Net income FY2024 2.89B USD. Net income FY2025 2.64B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue17.19B USD15.94B USD15.26B USD19.17B USD12.21B USD
Cost of goods sold12.8B USD11.23B USD9.89B USD10.8B USD8.53B USD
Gross profit4.39B USD4.71B USD5.37B USD8.37B USD3.68B USD
Selling, general, and administrative492M USD500M USD408M USD395M USD391M USD
Operating expenses535M USD528M USD428M USD449M USD433M USD
Interest income56M USD38M USD55M USD38M USD2M USD
Interest expense511M USD401M USD363M USD347M USD361M USD
Depreciation and amortization3.6B USD3.26B USD2.55B USD2.22B USD2.16B USD
Operating income3.86B USD4.18B USD4.94B USD7.92B USD3.25B USD
Net income2.64B USD2.89B USD3.75B USD6.02B USD2.81B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 3 misses, 1 met estimate
Average EPS surprise
+4.71%
11 comparable reports
Latest EPS result
1.57
Estimate 1.4 · Beat by 12.14%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.631.341.040.74Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual 1.16, estimate 1, surprise +16.00%, Beat. Q2 2025, reported May 6, 2025: actual 1.21, estimate 1.24, surprise -2.42%, Miss. Q3 2025, reported Aug 5, 2025: actual 0.84, estimate 0.864, surprise -2.78%, Miss. Q4 2025, reported Nov 5, 2025: actual 1.04, estimate 0.93, surprise +11.83%, Beat. Q1 2026, reported Feb 17, 2026: actual 0.82, estimate 0.807, surprise +1.61%, Beat. Q2 2026, reported May 5, 2026: actual 1.04, estimate 1.06, surprise -1.89%, Miss. Q3 2026, reported Aug 4, 2026: actual 1.57, estimate 1.4, surprise +12.14%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 1.24, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates7.71B6.31B4.91B3.51BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual 4.62B USD, estimate 4.21B USD, surprise +9.89%, Beat. Q2 2025, reported May 6, 2025: actual 4.45B USD, estimate 4.43B USD, surprise +0.51%, Beat. Q3 2025, reported Aug 5, 2025: actual 4.05B USD, estimate 4.03B USD, surprise +0.33%, Beat. Q4 2025, reported Nov 5, 2025: actual 4.25B USD, estimate 4.14B USD, surprise +2.76%, Beat. Q1 2026, reported Feb 17, 2026: actual 4.12B USD, estimate 4B USD, surprise +2.91%, Beat. Q2 2026, reported May 5, 2026: actual 3.81B USD, estimate 4.34B USD, surprise -12.25%, Miss. Q3 2026, reported Aug 4, 2026: actual 7.42B USD, estimate 6.01B USD, surprise +23.40%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 6.44B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$60.77

23.77% upside
Past 12 months12-month forecastHigh $68.00Average $60.77Low $54.00

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ETFs holding DVN

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
1.66B
Weight
0.07%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Schwab U.S. Dividend Equity ETF logoSchwab U.S. Dividend Equity ETFSCHD
Market value
1.55B
Weight
1.39%
AUM
112B USD
Expense ratio
0.06%
Price / 1D
$35.11+0.80%
State Street Energy Select Sector SPDR ETF logoState Street Energy Select Sector SPDR ETFXLE
Market value
1.38B
Weight
3.30%
AUM
41.9B USD
Expense ratio
0.08%
Price / 1D
$63.64-0.17%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
1.37B
Weight
0.08%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Vanguard Morningstar Mid-Cap ETF logoVanguard Morningstar Mid-Cap ETFVO
Market value
1.13B
Weight
0.50%
AUM
224.7B USD
Expense ratio
0.03%
Price / 1D
$82.97+0.53%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
766.13M
Weight
0.09%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
704.89M
Weight
0.09%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
Vanguard Morningstar Value ETF logoVanguard Morningstar Value ETFVTV
Market value
495.77M
Weight
0.19%
AUM
256.5B USD
Expense ratio
0.03%
Price / 1D
$226.4+0.54%

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