Devon Energy Corporation (DVN) Stock Analysis
Energy · Oil & Gas E&P · NYSE
Devon Energy Corporation (DVN) posted $17.19B in revenue for fiscal 2025 (up 7.8% year over year), at a 15.4% net margin, and has compounded revenue about 28.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Devon Energy Corporation
Devon Energy Corporation has grown revenue from $6.75B to $17.19B over the last 10 fiscal years, compounding about 28.9% a year. The most recent year was up 7.8%, so growth has cooled from its longer-run pace.
Net margin sits at 15.4%, down 2.7 points year over year. It carries about $9.39B of total debt.
The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Devon Energy Corporation's SEC filings — descriptive, not advice. Ask the analyst your own question →
Devon Energy Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.75B | $6.50B | $8.90B | $6.22B | $4.83B | $12.21B | $19.17B | $15.26B | $15.94B | $17.19B |
| Gross profit | $3.93B | $2.94B | $4.58B | $3.41B | — | — | — | — | — | — |
| Net income | $-1.06B | $898.00M | $3.06B | $-355.00M | $-2.68B | $2.81B | $6.03B | $3.74B | $2.89B | $2.64B |
| Net margin | -15.6% | 13.8% | 34.4% | -5.7% | -55.5% | 23.0% | 31.5% | 24.5% | 18.1% | 15.4% |
Source: Devon Energy Corporation SEC filings (10-K). 19 years of history available in the interactive view.
Devon Energy Corporation: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 31.5% to 15.4% over ~3 years — profitability is compressing.
Explore 19 years of Devon Energy Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Devon Energy Corporation financial history by metric
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About Devon Energy Corporation
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Houston, Texas.
Devon Energy Corporation — frequently asked questions
What is Devon Energy Corporation's revenue?
Devon Energy Corporation (DVN) reported revenue of $17.19B for fiscal year 2025, up 7.8% from the prior year, according to its SEC filings.
Is Devon Energy Corporation profitable?
Yes. DVN earned net income of $2.64B in fiscal 2025, a net margin of 15.4%.
What is DVN's P/E ratio?
Devon Energy Corporation trades at a price-to-earnings ratio of about 12.6 based on the latest data in our nightly-refreshed cache.
How fast is Devon Energy Corporation growing?
DVN's revenue grew at roughly 28.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Devon Energy Corporation have?
As of fiscal year 2025, DVN carried roughly $9.39B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Devon Energy Corporation's market cap?
Devon Energy Corporation (DVN) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does Devon Energy Corporation's fiscal year end?
DVN's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Devon Energy Corporation's official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.