FirmAtlas
Company handbook · DVN · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
DVN · CIK 1090012 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026
DEVON ENERGY CORP/DE
$50.73
+1.49 (+3.03%)
Close, Oct 16, 2026 · 52-week $31–53
Last fiscal year
DEVON ENERGY CORP/DE reported revenue of $16.8B for the year ended Dec 31, 2025 (FY25), up 5.4% from FY24. Net income was $2.6B, operating cash flow $6.7B and free cash flow $3.1B. Source: 10-K filed Feb 18, 2026.
Market cap
$32.1B
P/E
9.8
P/B
0.8
Div yield
2.21%
Revenue 1Y
5.4%/yr
EPS 1Y
−8.6%/yr
Shares 1Y
−0.2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOClay M. Gaspar
HQHouston, TX
AuditorKPMG LLP
Employees2,200
Year endsDecember
Revenue by segment · FY25
Oil Gas And NGL Sales67%
Marketing And Midstream Revenues33%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
1.6%
4.8%
0.9%
58.4%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$10.9B deployed
Capex
$7.2B
66.4%
Dividends
$1.6B
14.3%
Buybacks
$2.1B
19.3%
Operating cash flow over the period: $13.3B. Total debt changed by +$19M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
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Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
30,489
31,599+3.6%
70,893
Cash & short-term investments
846
1,434+69.5%
—
Accounts receivable
1,972
1,792−9.1%
—
Inventory
294
336+14.3%
—
Net PP&E
25,011
25,419+1.6%
—
Other assets
2,366
2,618+10.7%
—
Total liabilities
15,993
16,071+0.5%
29,146
Total debt
9,368
9,387+0.2%
12,885
Other liabilities
6,625
6,684+0.9%
—
Shareholders’ equity
14,496
15,528+7.1%
41,747
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
6,600
6,711+1.7%
8,553
Net income
2,942
2,681−8.9%
—
Depreciation & amortization
3,255
3,595+10.4%
—
Stock-based compensation
99
99+0.0%
—
Working capital & other
304
336+10.5%
—
Cash from investing
(7,332)
(3,393)n/m
—
Capex
(3,645)
(3,592)n/m
—
PP&E sold
24
545+2170.8%
—
Investments bought
(118)
(62)n/m
—
Other investing
(3,593)
(284)n/m
—
Cash from financing
706
(2,730)−486.7%
—
Debt raised
3,219
0−100.0%
—
Debt repaid
(472)
(485)n/m
—
Dividends
(937)
(619)n/m
—
Buybacks
(1,057)
(1,050)n/m
—
Other financing
(47)
(576)n/m
—
Net change in cash
(29)
588n/m
—
Free cash flow (OCF − capex)
2,955
3,119+5.5%
4,694
Where the cash went
Operating cash flow
6,600
6,711+1.7%
8,553
Reinvested in the business
3,645
3,592−1.5%
—
% of operating cash flow
55.2%
53.5%
Capex
3,645
3,592−1.5%
3,859
Free cash flow
2,955
3,119+5.5%
4,694
YoY
+5.5%
Returned to shareholders
1,994
1,669−16.3%
—
% of free cash flow
67.5%
53.5%
Dividends
937
619−33.9%
—
Buybacks
1,057
1,050−0.7%
—
Change in total debt
—
19
—
Cash left over
—
1,469
—
FCF conversion (FCF ÷ net income)
102.2%
118.1%+15.8 pp
—
Owner earnings
—
2,783
—
Owner earnings margin
—
16.6%
—
Buyback yield
5.1%
4.5%−0.6 pp
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
4,251
3,937
4,508
7,003
vs year-ago quarter
Net income
687
562
120
1,911
vs year-ago quarter
Net margin
16.2%
14.3%
2.7%
27.3%
EPS (diluted, $)
1.09
0.89
0.19
2.03
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
31,221
31,599
32,543
70,893
Cash & equivalents
1,278
1,434
1,815
1,009
Total debt
9,389
9,387
9,385
12,885
Shareholders’ equity
15,350
15,528
15,428
41,747
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,690
1,534
1,655
3,674
Capex
870
832
839
1,318
Free cash flow
820
702
816
2,356
vs year-ago quarter