15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $16.8B | $2.6B | 0.0% | 0.0% | 17.0% | 8.4% | $3.1B | $9.4B | $1.4B |
| 2024 | $15.9B | $2.9B | 0.0% | 0.0% | 20.0% | 9.5% | $3.0B | $9.4B | $811M |
| 2023 | $15.1B | $3.7B | 0.0% | 0.0% | 31.0% | 15.3% | $2.7B | $6.6B | $853M |
| 2022 | $19.8B | $6.0B | 0.0% | 0.0% | 54.0% | 25.9% | $6.0B | $6.7B | $1.3B |
| 2021 | $13.8B | $2.8B | 0.0% | 0.0% | 30.3% | 13.4% | $2.9B | $6.5B | $2.1B |
| 2020 | $4.7B | -$2.7B | 0.0% | 0.0% | -92.9% | -27.0% | — | $4.3B | $2.0B |
| 2019 | $6.7B | -$355M | 57.9% | 0.0% | -6.1% | -2.6% | — | $4.3B | $1.5B |
| 2018 | $8.4B | $3.1B | 48.8% | 0.0% | 33.4% | 15.7% | — | $4.5B | $2.4B |
| 2017 | $3.5B | $898M | -1.3% | 0.0% | 9.7% | 3.0% | $1.3B | $6.9B | $2.6B |
| 2016 | $2.8B | -$1.1B | -1.8% | -104.4% | -12.8% | -3.7% | $116M | $10.2B | $1.9B |
| 2015 | — | -$12.9B | — | — | -182.9% | -43.5% | $111M | $13.0B | $2.3B |
| 2014 | — | $1.6B | — | — | 7.5% | 3.2% | -$1.0B | $11.3B | $1.5B |
| 2013 | — | -$20M | — | — | -0.1% | -0.0% | -$1.1B | $12.0B | $6.1B |
| 2012 | — | -$206M | — | — | -1.0% | -0.5% | -$3.3B | $11.6B | $4.6B |
| 2011 | — | $4.7B | — | — | 22.0% | 11.5% | -$1.3B | $9.8B | $5.6B |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Mar '26 | $4.5B | $120M | 0.0% | 0.0% | 0.8% | 0.4% | $816M | $9.4B | $1.8B |
| Dec '25 | $3.9B | $562M | 0.0% | 0.0% | 3.6% | 1.8% | $702M | $9.4B | $1.4B |
| Sep '25 | $4.3B | $687M | 0.0% | 0.0% | 4.5% | 2.2% | $820M | $9.4B | $1.2B |
| Jun '25 | $4.0B | $899M | 0.0% | 0.0% | 6.0% | 2.9% | $589M | $9.4B | $1.7B |
| Mar '25 | $4.5B | $494M | 0.0% | 0.0% | 3.4% | 1.6% | $1.0B | $9.4B | $1.2B |
| Dec '24 | $4.5B | $639M | 0.0% | 0.0% | 4.4% | 2.1% | $738M | $9.4B | $811M |
| Sep '24 | $3.8B | $812M | 0.0% | 0.0% | 5.7% | 2.7% | $786M | $8.9B | $645M |
| Jun '24 | $3.9B | $844M | 0.0% | 0.0% | 6.7% | 3.4% | $587M | $6.6B | $1.1B |
| Mar '24 | $3.7B | $596M | 0.0% | 0.0% | 4.9% | 2.4% | $844M | $6.6B | $1.1B |
| Dec '23 | $3.8B | $1.2B | 0.0% | 0.0% | 9.6% | 4.7% | $827M | $6.6B | $853M |
| Sep '23 | $4.0B | $910M | 0.0% | 0.0% | 7.8% | 3.8% | $843M | $6.6B | $654M |
| Jun '23 | $3.5B | $690M | 0.0% | 0.0% | 6.3% | 3.0% | $326M | $6.7B | $372M |
| Mar '23 | $3.8B | $995M | 0.0% | 0.0% | 9.1% | 4.2% | $665M | $6.7B | $761M |
| Dec '22 | $4.4B | $1.2B | 0.0% | 0.0% | 10.8% | 5.2% | $1.1B | $6.7B | $1.3B |
| Sep '22 | $5.2B | $1.9B | 0.0% | 0.0% | 17.4% | 8.0% | $1.5B | $6.7B | $1.2B |
| Jun '22 | $5.8B | $1.9B | 0.0% | 0.0% | 19.1% | 8.3% | $2.1B | $6.5B | $3.3B |
| Mar '22 | $4.5B | $989M | 0.0% | 0.0% | 10.6% | 4.5% | $1.3B | $6.5B | $2.5B |
| Dec '21 | $4.3B | $1.5B | 0.0% | 0.0% | 16.3% | 7.2% | — | $6.5B | $2.1B |
| Sep '21 | $3.8B | $838M | 0.0% | 0.0% | 9.4% | 4.0% | $1.1B | $6.5B | $2.1B |
| Jun '21 | $3.1B | $256M | 0.0% | 0.0% | 3.0% | 1.3% | $589M | $6.5B | $1.3B |
How the market has priced DVN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Devon Energy's revenue has grown 29.1% per year. These are computed facts, not advice.
As of FY2025, Devon Energy reported $9.4B of total debt against $1.4B of cash.
In FY2025, gross margin was —, operating margin —, and net margin 15.7%.
As of Sep '26, Devon Energy traded at a price-to-earnings ratio of about 20.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.