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DEVON ENERGY CORP/DE (DVN)

As-reported financials and recent SEC filings for DEVON ENERGY CORP/DE, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About DEVON ENERGY CORP/DE

Devon Energy is an oil and natural gas company that explores for, produces, and markets oil, natural gas, and natural gas liquids. It operates in various regions including the Barnett Shale, Eagle Ford, Delaware Basin, and Williston Basin. The company serves customers in the energy sector by providing upstream production and midstream marketing services.

Snapshot

Revenue
$16.79B
Revenue growth (YoY)
5.4%
Net income
$2.64B
Diluted EPS
$4.17
Gross margin
Operating margin
Net margin
15.7%
FCF margin
18.6%
ROE
17.0%
P/E (TTM)
12.0×
Market cap
Debt / equity
0.5×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Devon Energy Corp/de

  • Revenue grew 5.4% to $16.8B in FY2025, in line with the 5.1% the year before.
  • Most recent quarter Q1 FY2026: revenue $4.5B, down 0.9% from Q1 FY2025.
  • Free cash flow was $3.1B in FY2025, 18.6% of revenue.
  • Net income fell 8.7% to $2.6B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Devon Energy Corp/de’s fundamentals sit among the 61 oil and gas companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin15.7%
65th percentile of 58
FCF margin18.6%
68th percentile of 20
Revenue growth (YoY)+5.4%
50th percentile of 59
ROE17.0%
88th percentile of 49
P/E (TTM)12.0×
38th percentile of 40
Debt / equity0.48×
56th percentile of 37
Short interest2.56d
22nd percentile of 60

Devon Energy Corp/de’s return on equity of 17.0% ranks in the 88th percentile of the 49 oil and gas companies reporting it.

No open-market insider buys in the last 90 days; 3 insider sales totaling $5.3M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
2
+5 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
5
3 trimmed, 2 exited
Combined position
$705.6M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ1 2026$257.8M5.1MReduced
D. E. ShawquantQ1 2026$193.0M3.8MAdded
Citadel AdvisorsquantQ1 2026$101.6M2.0MReduced
Millennium ManagementquantQ1 2026$50.0M994.1KReduced
Gotham Asset ManagementQ1 2026$49.3M979.6KAdded
Two Sigma InvestmentsquantQ1 2026$31.0M615.4KAdded
Yacktman Asset ManagementQ1 2026$23.1M458.8KAdded

No longer held by: Bridgewater Associates (as of Q1 2026), Renaissance Technologies (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
3
$5.3M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-10
filed 2026-06-12
Alexander AndreaSVP & CHIEF ADMIN OFFICERSell18.0K$46.74$841K
2026-05-14
filed 2026-05-15
Vela Adam MSVP & GENERAL COUNSELSell24.3K$47.21$1.1M
2026-05-11
filed 2026-05-12
Ritenour Jeffrey LEVP & CHIEF CORP DEV OFFICERSell70.0K$46.66$3.3M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
31.5M
settled 2026-07-15
Change vs prior
+7.4%
vs previous settlement
Days to cover
2.56
at avg daily volume
Avg daily volume
12.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1531.5M+7.4%2.56
2026-06-3029.3M-0.6%1.78
2026-06-1529.5M+8.3%2.00
2026-05-2927.3M-1.2%1.95
2026-05-1527.6M-25.4%1.59
2026-04-3037.0M+21.6%2.99
2026-04-1530.4M-8.3%2.39
2026-03-3133.2M+35.9%1.57

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$16.79B$15.92B$15.14B$19.17B$12.21B
Gross profit
Operating income
Net income$2.64B$2.89B$3.74B$6.03B$2.81B
Diluted EPS$4.17$4.56$5.84$9.12$4.19

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$1.38B$811.0M$853.0M$1.31B$2.10B
Current assets$4.01B$3.43B$3.16B$3.89B$4.25B
Total assets$31.60B$30.49B$24.49B$23.27B$21.02B
Current liabilities$4.09B$3.31B$2.95B$3.10B$3.09B
Long-term debt$7.39B$8.40B$5.67B$6.19B$6.48B
Total liabilities$16.07B$15.79B$12.27B$11.97B$11.63B
Total equity$15.53B$14.70B$12.22B$11.30B$9.40B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$6.71B$6.60B$6.54B$8.53B$4.90B
Capital expenditure$3.59B$3.65B$3.88B$2.54B$1.99B
Free cash flow$3.12B$2.96B$2.66B$5.99B$2.91B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$4.51B-0.9%$120.0M$0.19
Q4 FY2025$3.94B-12.3%$562.0M$0.90
Q3 FY2025$4.25B12.0%$687.0M$1.09
Q2 FY2025$4.05B4.0%$899.0M$1.41
Q1 FY2025$4.55B21.6%$494.0M$0.77
Q4 FY2024$4.49B17.4%$641.0M$0.98
Q3 FY2024$3.80B-5.8%$812.0M$1.30
Q2 FY2024$3.89B10.3%$844.0M$1.34

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorEnergy
SIC industryCrude Petroleum & Natural Gas
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2014
SEC CIK1090012

Recent SEC filings

10-K/A2026-04-21
View on EDGAR →
10-K2026-02-18
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
10-Q2025-11-06
View on EDGAR →
10-Q2025-08-06
View on EDGAR →
10-Q2025-05-07
View on EDGAR →
8-K2026-06-30
View on EDGAR →
8-K2026-06-25
View on EDGAR →

Largest oil and gas peers

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.