Fundamental analysis · SEC EDGAR · TTM through 30/06/2026
DVN · NYSE · Energy
Fundamental quality
77
out of 100
Devon Energy Corp grows profitably: it increases revenue at double digits (29.1% a year) without giving up profitability (net margin 16.7%). On fundamental quality it scores 77 out of 100, profiling it as a company with solid fundamentals. Its weakest area is its profitability (net margin 16.7%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Devon Energy is an American shale oil and gas producer, based in the Delaware Basin. It pioneered the 'variable dividend': paying shareholders a fixed share of each quarter's cash flow, whatever the barrel earns, instead of promising the impossible.
EPS growth: 2.1% · Revenue growth: 29.1%
Net margin: 16.7% · ROE: 7.9% · ROIC: 7.1%
Net debt/EBITDA: 1.19x · FCF: 23.9%
Source: SEC EDGAR · TTM through 30/06/2026
The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its profitability drags it down the most.
Percentile against the other 30 Energy companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 4,828 | -2,680 | — | 2,251 |
| 2021 | 12,206 | 2,813 | 2,910 | 4,383 |
| 2022 | 19,169 | 6,031 | 5,988 | 5,126 |
| 2023 | 15,258 | 3,739 | 2,661 | 5,302 |
| 2024 | 15,940 | 2,893 | 2,955 | 8,072 |
| 2025 | 17,188 | 2,642 | 3,119 | 7,005 |
Between 2020 and 2025, revenue went from $4,828M to $17,188M (+256%) and net income went from -$2,680M to $2,642M (+199%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):
Compared with the previous close (March 31, 2026), this is what moved in its accounts:
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$0.67
per share, yearly
32.4% of earnings
Payout
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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Is Devon Energy Corp cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Devon Energy Corp a good company to invest in?
In terms of business quality, Devon Energy Corp scores 77 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Devon Energy Corp a profitable company?
Yes. Devon Energy Corp shows a net margin of 16.7% and an ROE of 7.9%, a sign of a profitable business.
Does Devon Energy Corp have a lot of debt?
Not particularly. Its net debt is 1.19 times its EBITDA, a low level.
Is Devon Energy Corp growing?
Its revenue has grown 29.1% annualized in recent years and its earnings per share 2.1%.
Does Devon Energy Corp generate cash?
Yes. It converts about 23.9% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Devon Energy Corp's filings on EDGAR
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