Devon Energy Corporation (DVN) reported $23.82B of revenue for the twelve months ended Sep 30, 2026. That is up 35.6% from the year before. Revenue for fiscal 2025 was $17.19B.

Yes. Devon Energy Corporation earned $3.60B in net income for the twelve months ended Sep 30, 2026, a net margin of 15.1%.

How much cash and debt does DVN have?

Devon Energy Corporation reported $352.00M in cash and cash equivalents and $10.64B of debt on its most recent balance sheet in SEC filings.

How fast is DVN revenue growing?

Devon Energy Corporation's revenue changed +7.8% in fiscal 2025, to $17.19B. Its compound annual growth rate was +28.9% over 5 years and +2.7% over 10 years.

What is DVN free cash flow?

Devon Energy Corporation generated $5.22B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $9.67B less capital expenditures.

What is DVN earnings per share?

Diluted earnings per share were $4.00 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did DVN last report financial results?

The latest statements here come from Devon Energy Corporation's 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.

Financials · DVN

Devon Energy Corporation (DVN) financials

For the twelve months ended Sep 30, 2026, Devon Energy Corporation reported $23.82B of revenue and $3.60B of net income.

Revenue, TTM: $23.82B
Revenue growth, YoY: +35.6%
Net income, TTM: $3.60B
Net income growth, YoY: +32.3%
Net margin: 15.1%
Free cash flow, TTM: $5.22B
EPS, diluted, TTM: $4.00
Cash: $352.00M
Total debt: $10.64B
P/E: 12.95
P/S: 1.96
Market cap: $46.64B

Annual revenue$17.19B

FY2016FY2025

Annual net income$2.64B

FY2016FY2025

Annual free cash flow$3.12B

FY2016FY2025

DVN revenue and earnings growth

DVN revenueQ3 2026$7.77B

Quarter YoY: +79.5%
QoQ: +4.8%
FY YoY: +7.8%
5Y CAGR: +28.9%
10Y CAGR: +2.7%

DVN revenue was $7.77B in fiscal Q3 2026 (ended Sep 30, 2026), up 79.5% from a year earlier and up 4.8% from the prior quarter. For the full fiscal 2025 it was $17.19B, up 7.8% from fiscal 2024. Compound annual growth was +28.9% over 5 years and +2.7% over 10 years. It rose in 5 of the last 10 fiscal years.

DVN net incomeQ3 2026$1.01B

Quarter YoY: +46.7%
QoQ: -47.3%
FY YoY: -8.7%

DVN net income was $1.01B in fiscal Q3 2026 (ended Sep 30, 2026), up 46.7% from a year earlier and down 47.3% from the prior quarter. For the full fiscal 2025 it was $2.64B, down 8.7% from fiscal 2024. It rose in 1 of the last 4 fiscal years.

DVN EPSQ3 2026$0.88

QoQ: -56.7%
FY YoY: -8.6%

DVN diluted EPS was $0.88 in fiscal Q3 2026 (ended Sep 30, 2026), down 56.7% from the prior quarter. For the full fiscal 2025 it was $4.17, down 8.6% from fiscal 2024.

DVN free cash flowQ3 2026$1.34B

Quarter YoY: +63.9%
QoQ: -43.0%
FY YoY: +5.5%
5Y CAGR: +58.6%
10Y CAGR: -1.9%

DVN free cash flow was $1.34B in fiscal Q3 2026 (ended Sep 30, 2026), up 63.9% from a year earlier and down 43.0% from the prior quarter. For the full fiscal 2025 it was $3.12B, up 5.5% from fiscal 2024. Compound annual growth was +58.6% over 5 years and -1.9% over 10 years. It rose in 5 of the last 6 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$17.19B	$15.94B	$15.26B	$19.83B	$13.75B	$4.83B	$6.67B	$8.90B	$6.50B	$6.75B
Cost of revenue	-	-	-	-	-	-	$2.81B	$4.32B	$3.56B	$2.82B
Gross profit	-	-	-	-	-	-	$3.86B	$4.58B	$2.94B	$3.93B
Selling, general and admin	$492.00M	$500.00M	$408.00M	$395.00M	$391.00M	$338.00M	$475.00M	$574.00M	$645.00M	$733.00M
Operating income	-	-	-	-	-	-	-	-	-	-$2.90B
Pre-tax income	$3.47B	$3.71B	$4.62B	$7.78B	$2.90B	-$3.09B	-$109.00M	$944.00M	$40.00M	-$433.00M
Income tax	$785.00M	$770.00M	$841.00M	$1.74B	$65.00M	-$547.00M	-$30.00M	$230.00M	$7.00M	$141.00M
Net income	$2.64B	$2.89B	$3.74B	$6.03B	$2.81B	-$2.68B	-$355.00M	$3.06B	$898.00M	-$1.06B
EPS, basic	$4.18	$4.58	$5.86	$9.15	$4.20	-$7.12	-$0.89	$6.14	$1.71	-$2.09
EPS, diluted	$4.17	$4.56	$5.84	$9.12	$4.19	-$7.12	-$0.89	$6.10	$1.70	-$2.09
Diluted shares	633.0M	634.0M	642.0M	653.0M	665.0M	377.0M	401.0M	497.0M	520.0M	507.0M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$1.43B	$846.00M	$853.00M	$1.45B	$2.27B	$2.24B	$1.84B	$2.45B	$2.68B	$1.96B
Receivables	$1.79B	$1.97B	$1.57B	$1.77B	$1.54B	$601.00M	$832.00M	$812.00M	$989.00M	$1.36B
Inventory	$336.00M	$294.00M	$249.00M	$201.00M	$114.00M	-	-	-	-	-
Current assets	$4.01B	$3.43B	$3.16B	$3.89B	$4.25B	$3.26B	$3.85B	$4.44B	$4.79B	$3.77B
Goodwill	$753.00M	$753.00M	$753.00M	$753.00M	$753.00M	$753.00M	$753.00M	$753.00M	$841.00M	$2.38B
Total assets	$31.60B	$30.49B	$24.49B	$23.27B	$21.02B	$9.91B	$13.72B	$19.57B	$30.24B	$28.68B
Current liabilities	$4.09B	$3.31B	$2.95B	$3.10B	$3.09B	$1.44B	$1.93B	$2.23B	$3.31B	$2.62B
Short-term debt	$998.00M	$485.00M	$483.00M	$251.00M	$0	-	-	$162.00M	$115.00M	-
Long-term debt	$7.39B	$8.40B	$5.67B	$6.19B	$6.48B	$4.30B	$4.29B	$4.29B	$6.75B	$10.15B
Total debt	$8.39B	$8.88B	$6.16B	$6.44B	$6.48B	$4.30B	$4.29B	$4.45B	$6.86B	$10.15B
Total liabilities	$16.07B	$15.79B	$12.27B	$12.43B	$11.63B	$6.89B	$7.80B	$10.38B	$16.14B	$15.95B
Shareholders' equity	$15.53B	$14.70B	$12.22B	$11.30B	$9.40B	$3.02B	$5.92B	$9.19B	$14.10B	$12.72B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$6.71B	$6.60B	$6.54B	$8.53B	$4.90B	$1.46B	$2.04B	$1.58B	$1.24B	$834.00M
Capital expenditures	$3.59B	$3.65B	$3.88B	$2.54B	$1.99B	$1.15B	$1.91B	$2.12B	$44.00M	$849.00M
Free cash flow	$3.12B	$2.96B	$2.66B	$5.99B	$2.91B	$311.00M	$133.00M	-$533.00M	$1.20B	-$15.00M
Investing cash flow	-$3.39B	-$7.33B	-$3.94B	-$5.12B	-$1.57B	-$1.13B	-$1.55B	-$1.67B	-$1.23B	$787.00M
Financing cash flow	-$2.73B	$706.00M	-$3.18B	-$4.21B	-$3.29B	-$306.00M	-$2.06B	-$4.38B	-$173.00M	-$2.17B
Dividends paid	$319.00M	$937.00M	$1.86B	$3.38B	$1.31B	$257.00M	$140.00M	-	-	-
Share repurchases	$1.05B	$1.06B	$979.00M	$718.00M	$589.00M	$38.00M	$1.85B	$2.96B	-	-
Stock-based compensation	$99.00M	$99.00M	$93.00M	$88.00M	$99.00M	$88.00M	$115.00M	$137.00M	$126.00M	$203.00M
Depreciation and amortization	$3.60B	$3.25B	$2.55B	$2.22B	$2.16B	$1.30B	$1.50B	$1.23B	$1.01B	$1.59B

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	7.8%	4.5%	-23.0%	44.2%	184.8%	-27.7%	-25.0%	36.8%	-3.7%	-48.6%
Net income growth, YoY	-8.7%	-22.6%	-38.0%	114.4%	-	-	-	241.2%	-	-
EPS growth, YoY	-8.6%	-21.9%	-36.0%	117.7%	-	-	-	258.8%	-	-
Gross margin	-	-	-	-	-	-	57.9%	51.4%	45.3%	58.2%
Operating margin	-	-	-	-	-	-	-	-	-	-42.9%
Net margin	15.4%	18.1%	24.5%	30.4%	20.5%	-55.5%	-5.3%	34.4%	13.8%	-15.6%
Free cash flow margin	18.1%	18.5%	17.4%	30.2%	21.2%	6.4%	2.0%	-6.0%	18.4%	-0.2%
Return on equity	17.0%	19.7%	30.6%	53.4%	29.9%	-88.8%	-6.0%	33.4%	6.4%	-8.3%
Return on assets	8.4%	9.5%	15.3%	25.9%	13.4%	-27.0%	-2.6%	15.7%	3.0%	-3.7%
Current ratio	0.98	1.04	1.07	1.25	1.38	2.26	2.00	1.99	1.45	1.44
Debt to equity	0.54	0.60	0.50	0.57	0.69	1.42	0.73	0.48	0.49	0.80

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$7.77B	$7.42B	$4.51B	$4.12B	$4.33B	$4.28B	$4.55B	$4.40B	$4.02B	$3.92B	$3.74B	$3.94B
Selling, general and admin	$180.00M	$175.00M	$125.00M	$135.00M	$114.00M	$113.00M	$130.00M	$155.00M	$117.00M	$114.00M	$114.00M	$111.00M
Pre-tax income	$1.25B	$2.38B	$166.00M	$747.00M	$912.00M	$1.16B	$646.00M	$840.00M	$1.06B	$1.04B	$768.00M	$1.43B
Income tax	$244.00M	$473.00M	$46.00M	$185.00M	$219.00M	$244.00M	$137.00M	$187.00M	$239.00M	$185.00M	$159.00M	$269.00M
Net income	$1.01B	$1.91B	$120.00M	$562.00M	$687.00M	$899.00M	$494.00M	$641.00M	$812.00M	$844.00M	$596.00M	$1.14B
EPS, basic	$0.88	$2.04	$0.19	$0.90	$1.09	$1.42	$0.77	$0.97	$1.31	$1.35	$0.95	$1.82
EPS, diluted	$0.88	$2.03	$0.19	$0.90	$1.09	$1.41	$0.77	$0.98	$1.30	$1.34	$0.94	$1.82
Diluted shares	1.15B	940.0M	618.0M	-	629.0M	636.0M	645.0M	-	623.0M	628.0M	632.0M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$352.00M	$1.01B	$1.81B	$1.43B	$1.23B	$1.76B	$1.23B	$846.00M	$645.00M	$1.17B	$1.15B	$853.00M
Receivables	$3.54B	$3.16B	$2.25B	$1.79B	$1.83B	$1.85B	$2.04B	$1.97B	$1.78B	$1.59B	$1.67B	$1.57B
Inventory	$382.00M	$356.00M	$319.00M	$336.00M	$361.00M	$327.00M	$332.00M	$294.00M	$293.00M	$258.00M	$234.00M	$249.00M
Current assets	$4.82B	$5.05B	$4.76B	$4.01B	$3.87B	$4.32B	$3.90B	$3.43B	$3.23B	$3.36B	$3.40B	$3.16B
Goodwill	$753.00M	$753.00M	$753.00M	$753.00M	$753.00M	$753.00M	$753.00M	$753.00M	$753.00M	$753.00M	$753.00M	$753.00M
Total assets	$70.81B	$70.89B	$32.54B	$31.60B	$31.22B	$31.39B	$30.93B	$30.49B	$30.26B	$25.16B	$24.98B	$24.49B
Current liabilities	$6.85B	$7.04B	$4.73B	$4.09B	$4.04B	$3.54B	$3.62B	$3.31B	$2.91B	$3.02B	$3.27B	$2.95B
Short-term debt	$822.00M	$1.50B	$999.00M	$998.00M	$998.00M	$485.00M	$485.00M	$485.00M	$0	$475.00M	$479.00M	$483.00M
Long-term debt	$9.81B	$9.89B	$7.39B	$7.39B	$7.39B	$8.39B	$8.39B	$8.40B	$8.88B	$5.67B	$5.67B	$5.67B
Total debt	$10.64B	$11.39B	$8.39B	$8.39B	$8.39B	$8.88B	$8.88B	$8.88B	$8.88B	$6.14B	$6.15B	$6.16B
Total liabilities	$28.80B	$29.15B	$17.11B	$16.07B	$15.87B	$16.10B	$16.16B	$15.79B	$15.79B	$12.43B	$12.64B	$12.27B
Shareholders' equity	$42.01B	$41.75B	$15.43B	$15.53B	$15.35B	$15.29B	$14.77B	$14.70B	$14.48B	$12.73B	$12.34B	$12.22B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$2.81B	$3.67B	$1.66B	$1.53B	$1.69B	$1.54B	$1.94B	$1.66B	$1.66B	$1.53B	$1.74B	$1.74B
Capital expenditures	$1.46B	$1.32B	$839.00M	$832.00M	$870.00M	$956.00M	$934.00M	$926.00M	$877.00M	$948.00M	$894.00M	$910.00M
Free cash flow	$1.34B	$2.36B	$816.00M	$702.00M	$820.00M	$589.00M	$1.01B	$738.00M	$786.00M	$587.00M	$844.00M	$827.00M
Investing cash flow	-$1.86B	-$3.38B	-$1.02B	-$970.00M	-$1.02B	-$597.00M	-$802.00M	-$1.04B	-$4.35B	-$1.02B	-$921.00M	-$910.00M
Financing cash flow	-$1.54B	-$1.11B	-$254.00M	-$407.00M	-$1.15B	-$424.00M	-$752.00M	-$450.00M	$2.19B	-$495.00M	-$541.00M	-$716.00M
Dividends paid	$366.00M	-	-	-$151.00M	$151.00M	-	-	$143.00M	$272.00M	$223.00M	$299.00M	$488.00M
Share repurchases	$414.00M	$197.00M	$69.00M	$250.00M	$250.00M	$249.00M	$301.00M	$301.00M	$295.00M	$256.00M	$205.00M	$234.00M
Stock-based compensation	$51.00M	$71.00M	$22.00M	$22.00M	$24.00M	$23.00M	$30.00M	$24.00M	$24.00M	$27.00M	$24.00M	$23.00M
Depreciation and amortization	$1.68B	$1.42B	$904.00M	$890.00M	$879.00M	$914.00M	$912.00M	$971.00M	$794.00M	$768.00M	$722.00M	$650.00M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	79.5%	73.1%	-0.9%	-6.4%	7.6%	9.4%	21.6%	11.8%	-0.1%	11.0%	-2.1%	-9.5%
Net income growth, YoY	46.7%	112.6%	-75.7%	-12.3%	-15.4%	6.5%	-17.1%	-44.0%	-10.8%	22.3%	-40.1%	-6.0%
EPS growth, YoY	-	-	-75.3%	-8.2%	-16.2%	5.2%	-18.1%	-46.2%	-8.5%	25.2%	-38.6%	-0.5%
Net margin	13.0%	25.8%	2.7%	13.6%	15.9%	21.0%	10.9%	14.6%	20.2%	21.5%	15.9%	29.0%
Free cash flow margin	17.3%	31.8%	18.1%	17.0%	18.9%	13.7%	22.2%	16.8%	19.5%	15.0%	22.6%	21.0%
Current ratio	0.70	0.72	1.01	0.98	0.96	1.22	1.08	1.04	1.11	1.11	1.04	1.07
Debt to equity	0.25	0.27	0.54	0.54	0.55	0.58	0.60	0.60	0.61	0.48	0.50	0.50

Source: XBRL data Devon Energy Corporation files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DVN peers

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CNQCanadian Natural Resources Limited	C$38.76B	+8.7%	C$10.82B	27.9%	$98.26B
EENI S.p.A.	€82.15B	-7.5%	€2.61B	3.2%	$87.98B
EOGEOG Resources Inc.	$29.73B	+31.7%	$8.19B	27.5%	$76.96B
OXYOccidental Petroleum Corporation	$25.75B	+36.9%	$7.50B	29.1%	$55.74B
OKEONEOK Inc.	$43.19B	+36.8%	$4.07B	9.4%	$54.21B

DVN FAQ

8 questions

What is DVN revenue?
Devon Energy Corporation (DVN) reported $23.82B of revenue for the twelve months ended Sep 30, 2026. That is up 35.6% from the year before. Revenue for fiscal 2025 was $17.19B.
Is DVN profitable?
Yes. Devon Energy Corporation earned $3.60B in net income for the twelve months ended Sep 30, 2026, a net margin of 15.1%.
How much cash and debt does DVN have?
Devon Energy Corporation reported $352.00M in cash and cash equivalents and $10.64B of debt on its most recent balance sheet in SEC filings.
How fast is DVN revenue growing?
Devon Energy Corporation's revenue changed +7.8% in fiscal 2025, to $17.19B. Its compound annual growth rate was +28.9% over 5 years and +2.7% over 10 years.
What is DVN free cash flow?
Devon Energy Corporation generated $5.22B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $9.67B less capital expenditures.
What is DVN earnings per share?
Diluted earnings per share were $4.00 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did DVN last report financial results?
The latest statements here come from Devon Energy Corporation's 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
Where does this DVN financial data come from?
Quantisnow builds these statements from the structured XBRL data Devon Energy Corporation files with the SEC. It is provided for information only and is not investment advice.