DEVON ENERGY CORP/DE

DVN · Mid cap · Calculated market cap · $50.6B · as of 2026-09-30

Company Stats

Market Cap: $50.6B; as of Sep 30, 2026
Enterprise Value: $57.7B
Shares Outstanding: 1.1B
Free Float: 91.2%

Income Statement

Revenue: $17.2B
Net Income: $2.6B
Non-cash Impairment: $254.0M
Revenue Growth, 3Y: -3.6%
FCF Margin, 3Y Avg: 18.0%
FCF Margin, Worst Year: 17.4%

Cash Flow

Free Cash Flow: $3.1B
FCF Yield: 6.2%
Owner FCF Yield: 6.0%

Balance Sheet

Cash & Equivalents: $1.4B
Total Debt: $8.4B
Net Debt: $7.0B

Returns & Capital

Dividends Paid: $608.0M
Dividend Yield: 1.2%
Dividend Payout, 3Y Avg: 35.0%
Share Repurchases: $1.1B
Buyback Yield, 3Y Avg: 2.0%
SBC, 3Y Avg: $97.0M

Cash Flow by Year

Year	Revenue	FCF	Margin
FY2025	$17.2B	$3.1B	18.1%
FY2024	$15.9B	$3.0B	18.5%
FY2023	$15.3B	$2.7B	17.4%
FY2022	$19.2B	$6.0B	31.2%
FY2021	$12.2B	$2.9B	23.8%

Annual filing data through FY ended December 31, 2025; shares and float as of October 27, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Company RSS

Earnings

Nov 5, 2026Devon Raises 2026 Synergy Run-Rate After Eagle Ford Sale Agreement Aug 5, 2026Devon Earnings Climb as Coterra Merger Expands Output

Other Coverage

November 7, 2026 This Week in Energy

This Week in Energy — November 5, 2026 October 29, 2026 Theme Survey

Energy Sector: Pipeline Enters Service, LNG Starts Production October 13, 2026 This Week in Energy

This Week in Energy — October 8, 2026 October 7, 2026 Theme Survey

Energy Sector: War Warnings Sharpen, Gas Projects Enter Service September 28, 2026 QBook

Stronger demand supports expansion as pricing diverges August 14, 2026 Industry Earnings Roundup

Energy Earnings: Demand Runs Hot, Capex Stays Disciplined July 4, 2026 Guidance Season

Chipmakers Lead a Guidance Season Almost Free of Cuts

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