DEVON ENERGY CORP (DVN) Fundamental Analysis & Valuation

NYSE:DVN • US25179M1036

46.19 USD
+0.83 (+1.83%)
At close: Mar 12, 2026
46.5 USD
+0.31 (+0.67%)
After Hours: 3/12/2026, 10:34:07 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This DVN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall DVN gets a fundamental rating of 5 out of 10. We evaluated DVN against 207 industry peers in the Oil, Gas & Consumable Fuels industry. DVN has an average financial health and profitability rating. DVN has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. DVN Profitability Analysis

1.1 Basic Checks

  • In the past year DVN was profitable.
  • DVN had a positive operating cash flow in the past year.
  • Each year in the past 5 years DVN has been profitable.
  • DVN had a positive operating cash flow in each of the past 5 years.
DVN Yearly Net Income VS EBIT VS OCF VS FCFDVN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B 8B

1.2 Ratios

  • DVN's Return On Assets of 8.36% is amongst the best of the industry. DVN outperforms 84.06% of its industry peers.
  • With an excellent Return On Equity value of 17.01%, DVN belongs to the best of the industry, outperforming 82.61% of the companies in the same industry.
  • DVN's Return On Invested Capital of 10.97% is amongst the best of the industry. DVN outperforms 87.92% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for DVN is significantly below the industry average of 22.51%.
Industry RankSector Rank
ROA 8.36%
ROE 17.01%
ROIC 10.97%
ROA(3y)11.05%
ROA(5y)14.3%
ROE(3y)22.68%
ROE(5y)30.29%
ROIC(3y)13.66%
ROIC(5y)17.09%
DVN Yearly ROA, ROE, ROICDVN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

1.3 Margins

  • DVN's Profit Margin of 15.37% is fine compared to the rest of the industry. DVN outperforms 66.18% of its industry peers.
  • In the last couple of years the Profit Margin of DVN has declined.
  • DVN has a Operating Margin of 22.43%. This is in the better half of the industry: DVN outperforms 60.87% of its industry peers.
  • DVN's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 46.46%, DVN is in line with its industry, outperforming 56.04% of the companies in the same industry.
  • In the last couple of years the Gross Margin of DVN has declined.
Industry RankSector Rank
OM 22.43%
PM (TTM) 15.37%
GM 46.46%
OM growth 3Y-18.5%
OM growth 5YN/A
PM growth 3Y-20.92%
PM growth 5YN/A
GM growth 3Y-5.62%
GM growth 5Y-9.55%
DVN Yearly Profit, Operating, Gross MarginsDVN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. DVN Health Analysis

2.1 Basic Checks

  • DVN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • DVN has less shares outstanding than it did 1 year ago.
  • DVN has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for DVN has been reduced compared to a year ago.
DVN Yearly Shares OutstandingDVN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
DVN Yearly Total Debt VS Total AssetsDVN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 2.45 indicates that DVN is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a decent Altman-Z score value of 2.45, DVN is doing good in the industry, outperforming 71.98% of the companies in the same industry.
  • DVN has a debt to FCF ratio of 3.01. This is a good value and a sign of high solvency as DVN would need 3.01 years to pay back of all of its debts.
  • DVN has a better Debt to FCF ratio (3.01) than 76.33% of its industry peers.
  • A Debt/Equity ratio of 0.48 indicates that DVN is not too dependend on debt financing.
  • The Debt to Equity ratio of DVN (0.48) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 3.01
Altman-Z 2.45
ROIC/WACC1.4
WACC7.83%
DVN Yearly LT Debt VS Equity VS FCFDVN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 0.98 indicates that DVN may have some problems paying its short term obligations.
  • With a Current ratio value of 0.98, DVN perfoms like the industry average, outperforming 40.58% of the companies in the same industry.
  • A Quick Ratio of 0.90 indicates that DVN may have some problems paying its short term obligations.
  • DVN's Quick ratio of 0.90 is in line compared to the rest of the industry. DVN outperforms 44.93% of its industry peers.
Industry RankSector Rank
Current Ratio 0.98
Quick Ratio 0.9
DVN Yearly Current Assets VS Current LiabilitesDVN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. DVN Growth Analysis

3.1 Past

  • The earnings per share for DVN have decreased strongly by -19.05% in the last year.
  • Measured over the past years, DVN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -22.22% on average per year.
  • Looking at the last year, DVN shows a small growth in Revenue. The Revenue has grown by 7.83% in the last year.
  • The Revenue has been growing by 28.91% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-19.05%
EPS 3Y-22.22%
EPS 5YN/A
EPS Q2Q%-29.31%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y-3.57%
Revenue growth 5Y28.91%
Sales Q2Q%-6.4%

3.2 Future

  • DVN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.85% yearly.
  • DVN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.84% yearly.
EPS Next Y-18.11%
EPS Next 2Y-0.27%
EPS Next 3Y5.99%
EPS Next 5Y11.85%
Revenue Next Year1.57%
Revenue Next 2Y5.38%
Revenue Next 3Y0.63%
Revenue Next 5Y-2.84%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
DVN Yearly Revenue VS EstimatesDVN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B
DVN Yearly EPS VS EstimatesDVN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 2 4 6 8

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Find the best growth stocksShow best growing peers

6

4. DVN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 11.81, which indicates a very decent valuation of DVN.
  • Based on the Price/Earnings ratio, DVN is valued a bit cheaper than 79.23% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.71. DVN is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 14.43, the valuation of DVN can be described as correct.
  • Based on the Price/Forward Earnings ratio, DVN is valued a bit cheaper than the industry average as 67.63% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of DVN to the average of the S&P500 Index (23.82), we can say DVN is valued slightly cheaper.
Industry RankSector Rank
PE 11.81
Fwd PE 14.43
DVN Price Earnings VS Forward Price EarningsDVN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • DVN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. DVN is cheaper than 85.51% of the companies in the same industry.
  • DVN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. DVN is cheaper than 85.02% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.24
EV/EBITDA 4.71
DVN Per share dataDVN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • DVN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.27%
EPS Next 3Y5.99%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. DVN Dividend Analysis

5.1 Amount

  • DVN has a Yearly Dividend Yield of 2.16%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.41, DVN has a dividend in line with its industry peers.
  • DVN's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.16%

5.2 History

  • The dividend of DVN is nicely growing with an annual growth rate of 7.65%!
  • DVN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.65%
Div Incr Years0
Div Non Decr Years0
DVN Yearly Dividends per shareDVN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • 23.43% of the earnings are spent on dividend by DVN. This is a low number and sustainable payout ratio.
  • The dividend of DVN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP23.43%
EPS Next 2Y-0.27%
EPS Next 3Y5.99%
DVN Yearly Income VS Free CF VS DividendDVN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B
DVN Dividend Payout.DVN Dividend Payout, showing the Payout Ratio.DVN Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

DVN Fundamentals: All Metrics, Ratios and Statistics

DEVON ENERGY CORP

NYSE:DVN (3/12/2026, 10:34:07 PM)

After market: 46.5 +0.31 (+0.67%)

46.19

+0.83 (+1.83%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-17
Earnings (Next)05-04
Inst Owners79.76%
Inst Owner Change3.42%
Ins Owners0.43%
Ins Owner Change0.35%
Market Cap28.64B
Revenue(TTM)17.19B
Net Income(TTM)2.64B
Analysts80
Price Target49.47 (7.1%)
Short Float %3.2%
Short Ratio1.85
Dividend
Industry RankSector Rank
Dividend Yield 2.16%
Yearly Dividend0.97
Dividend Growth(5Y)7.65%
DP23.43%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.6%
Min EPS beat(2)0.01%
Max EPS beat(2)11.19%
EPS beat(4)2
Avg EPS beat(4)1.22%
Min EPS beat(4)-4.28%
Max EPS beat(4)11.19%
EPS beat(8)5
Avg EPS beat(8)4.17%
EPS beat(12)7
Avg EPS beat(12)3.43%
EPS beat(16)10
Avg EPS beat(16)3.18%
Revenue beat(2)2
Avg Revenue beat(2)2.72%
Min Revenue beat(2)1.43%
Max Revenue beat(2)4.01%
Revenue beat(4)4
Avg Revenue beat(4)2.77%
Min Revenue beat(4)0.2%
Max Revenue beat(4)5.44%
Revenue beat(8)7
Avg Revenue beat(8)2.92%
Revenue beat(12)10
Avg Revenue beat(12)2.09%
Revenue beat(16)12
Avg Revenue beat(16)2.41%
PT rev (1m)5.09%
PT rev (3m)6.95%
EPS NQ rev (1m)-24.43%
EPS NQ rev (3m)-32.07%
EPS NY rev (1m)-8.64%
EPS NY rev (3m)-22.45%
Revenue NQ rev (1m)-2.32%
Revenue NQ rev (3m)-3.87%
Revenue NY rev (1m)7.64%
Revenue NY rev (3m)5.37%
Valuation
Industry RankSector Rank
PE 11.81
Fwd PE 14.43
P/S 1.67
P/FCF 10.24
P/OCF 4.27
P/B 1.84
P/tB 1.94
EV/EBITDA 4.71
EPS(TTM)3.91
EY8.47%
EPS(NY)3.2
Fwd EY6.93%
FCF(TTM)4.51
FCFY9.77%
OCF(TTM)10.82
OCFY23.43%
SpS27.72
BVpS25.05
TBVpS23.83
PEG (NY)N/A
PEG (5Y)N/A
Graham Number46.94
Profitability
Industry RankSector Rank
ROA 8.36%
ROE 17.01%
ROCE 14.02%
ROIC 10.97%
ROICexc 11.58%
ROICexgc 11.92%
OM 22.43%
PM (TTM) 15.37%
GM 46.46%
FCFM 16.27%
ROA(3y)11.05%
ROA(5y)14.3%
ROE(3y)22.68%
ROE(5y)30.29%
ROIC(3y)13.66%
ROIC(5y)17.09%
ROICexc(3y)14.23%
ROICexc(5y)18.3%
ROICexgc(3y)14.7%
ROICexgc(5y)19.02%
ROCE(3y)17.44%
ROCE(5y)21.82%
ROICexgc growth 3Y-29.34%
ROICexgc growth 5YN/A
ROICexc growth 3Y-29.09%
ROICexc growth 5YN/A
OM growth 3Y-18.5%
OM growth 5YN/A
PM growth 3Y-20.92%
PM growth 5YN/A
GM growth 3Y-5.62%
GM growth 5Y-9.55%
F-Score6
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 3.01
Debt/EBITDA 0.99
Cap/Depr 108.87%
Cap/Sales 22.77%
Interest Coverage 7.58
Cash Conversion 90.07%
Profit Quality 105.87%
Current Ratio 0.98
Quick Ratio 0.9
Altman-Z 2.45
F-Score6
WACC7.83%
ROIC/WACC1.4
Cap/Depr(3y)164.13%
Cap/Depr(5y)163.19%
Cap/Sales(3y)31.8%
Cap/Sales(5y)27.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.05%
EPS 3Y-22.22%
EPS 5YN/A
EPS Q2Q%-29.31%
EPS Next Y-18.11%
EPS Next 2Y-0.27%
EPS Next 3Y5.99%
EPS Next 5Y11.85%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y-3.57%
Revenue growth 5Y28.91%
Sales Q2Q%-6.4%
Revenue Next Year1.57%
Revenue Next 2Y5.38%
Revenue Next 3Y0.63%
Revenue Next 5Y-2.84%
EBIT growth 1Y-7.8%
EBIT growth 3Y-21.41%
EBIT growth 5YN/A
EBIT Next Year99.02%
EBIT Next 3Y37.9%
EBIT Next 5Y17.41%
FCF growth 1Y427.9%
FCF growth 3Y-6.35%
FCF growth 5Y70.7%
OCF growth 1Y1.68%
OCF growth 3Y-7.68%
OCF growth 5Y37.73%

DEVON ENERGY CORP / DVN FAQ

What is the fundamental rating for DVN stock?

ChartMill assigns a fundamental rating of 5 / 10 to DVN.


What is the valuation status of DEVON ENERGY CORP (DVN) stock?

ChartMill assigns a valuation rating of 6 / 10 to DEVON ENERGY CORP (DVN). This can be considered as Fairly Valued.


Can you provide the profitability details for DEVON ENERGY CORP?

DEVON ENERGY CORP (DVN) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for DVN stock?

The Price/Earnings (PE) ratio for DEVON ENERGY CORP (DVN) is 11.81 and the Price/Book (PB) ratio is 1.84.


What is the expected EPS growth for DEVON ENERGY CORP (DVN) stock?

The Earnings per Share (EPS) of DEVON ENERGY CORP (DVN) is expected to decline by -18.11% in the next year.