DEVON ENERGY CORP (DVN) Stock Fundamental Analysis

NYSE:DVN • US25179M1036

43.53 USD
+0.87 (+2.04%)
At close: Feb 27, 2026
43.6789 USD
+0.15 (+0.34%)
After Hours: 2/27/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall DVN gets a fundamental rating of 5 out of 10. We evaluated DVN against 206 industry peers in the Oil, Gas & Consumable Fuels industry. DVN has only an average score on both its financial health and profitability. DVN is valued quite cheap, while showing a decent growth score. This is a good combination! With these ratings, DVN could be worth investigating further for value investing!.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • DVN had positive earnings in the past year.
  • DVN had a positive operating cash flow in the past year.
  • In the past 5 years DVN has always been profitable.
  • Each year in the past 5 years DVN had a positive operating cash flow.
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 has a Return On Assets of 8.36%. This is amongst the best in the industry. DVN outperforms 84.95% of its industry peers.
  • Looking at the Return On Equity, with a value of 17.01%, DVN belongs to the top of the industry, outperforming 85.44% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 10.97%, DVN belongs to the best of the industry, outperforming 87.38% of the companies in the same industry.
  • DVN had an Average Return On Invested Capital over the past 3 years of 13.66%. This is significantly below the industry average of 21.99%.
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

  • With a decent Profit Margin value of 15.37%, DVN is doing good in the industry, outperforming 66.50% of the companies in the same industry.
  • DVN's Profit Margin has declined in the last couple of years.
  • The Operating Margin of DVN (22.43%) is better than 60.19% of its industry peers.
  • DVN's Operating Margin has declined in the last couple of years.
  • The Gross Margin of DVN (46.46%) is comparable to the rest of the 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. Health

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.
  • Compared to 1 year ago, DVN has an improved debt to assets ratio.
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 2.38 indicates that DVN is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of DVN (2.38) is better than 71.36% of its industry peers.
  • The Debt to FCF ratio of DVN is 3.01, which is a good value as it means it would take DVN, 3.01 years of fcf income to pay off all of its debts.
  • DVN's Debt to FCF ratio of 3.01 is fine compared to the rest of the industry. DVN outperforms 76.21% of its industry peers.
  • DVN has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
  • DVN has a Debt to Equity ratio (0.48) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 3.01
Altman-Z 2.38
ROIC/WACC1.44
WACC7.61%
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

  • DVN has a Current Ratio of 0.98. This is a bad value and indicates that DVN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • DVN has a Current ratio of 0.98. This is comparable to the rest of the industry: DVN outperforms 41.75% of its industry peers.
  • 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 46.12% 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. Growth

3.1 Past

  • The earnings per share for DVN have decreased strongly by -19.05% in the last year.
  • The earnings per share for DVN have been decreasing by -22.22% on average. This is quite bad
  • DVN shows a small growth in Revenue. In the last year, the Revenue has grown by 7.83%.
  • DVN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.91% yearly.
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 11.11% yearly.
  • Based on estimates for the next years, DVN will show a decrease in Revenue. The Revenue will decrease by -2.48% on average per year.
EPS Next Y-10.37%
EPS Next 2Y7.74%
EPS Next 3Y10.17%
EPS Next 5Y11.11%
Revenue Next Year2.74%
Revenue Next 2Y7.37%
Revenue Next 3Y4.46%
Revenue Next 5Y-2.48%

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

7

4. Valuation

4.1 Price/Earnings Ratio

  • DVN is valuated reasonably with a Price/Earnings ratio of 11.13.
  • 83.01% of the companies in the same industry are more expensive than DVN, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.10. DVN is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 12.42, which indicates a correct valuation of DVN.
  • 73.79% of the companies in the same industry are more expensive than DVN, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 28.06. DVN is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.13
Fwd PE 12.42
DVN Price Earnings VS Forward Price EarningsDVN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 84.95% of the companies in the same industry are more expensive than DVN, based on the Enterprise Value to EBITDA ratio.
  • 85.44% of the companies in the same industry are more expensive than DVN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.65
EV/EBITDA 4.49
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

  • The decent profitability rating of DVN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y7.74%
EPS Next 3Y10.17%

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

6

5. Dividend

5.1 Amount

  • DVN has a Yearly Dividend Yield of 2.25%. Purely for dividend investing, there may be better candidates out there.
  • DVN's Dividend Yield is comparable with the industry average which is at 3.48.
  • Compared to an average S&P500 Dividend Yield of 1.83, DVN pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.25%

5.2 History

  • On average, the dividend of DVN grows each year by 7.65%, which is quite nice.
  • 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 2Y7.74%
EPS Next 3Y10.17%
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

DEVON ENERGY CORP

NYSE:DVN (2/27/2026, 8:04:00 PM)

After market: 43.6789 +0.15 (+0.34%)

43.53

+0.87 (+2.04%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-17
Earnings (Next)05-04
Inst Owners76.44%
Inst Owner Change2.25%
Ins Owners0.39%
Ins Owner Change0.35%
Market Cap27.00B
Revenue(TTM)17.19B
Net Income(TTM)2.64B
Analysts79.44
Price Target49.47 (13.65%)
Short Float %3.24%
Short Ratio1.98
Dividend
Industry RankSector Rank
Dividend Yield 2.25%
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)2.08%
PT rev (3m)1.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.73%
EPS NY rev (1m)-5.73%
EPS NY rev (3m)-14.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.32%
Revenue NY rev (1m)8.05%
Revenue NY rev (3m)4.6%
Valuation
Industry RankSector Rank
PE 11.13
Fwd PE 12.42
P/S 1.57
P/FCF 9.65
P/OCF 4.02
P/B 1.74
P/tB 1.83
EV/EBITDA 4.49
EPS(TTM)3.91
EY8.98%
EPS(NY)3.5
Fwd EY8.05%
FCF(TTM)4.51
FCFY10.36%
OCF(TTM)10.82
OCFY24.86%
SpS27.71
BVpS25.03
TBVpS23.82
PEG (NY)N/A
PEG (5Y)N/A
Graham Number46.93
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 2.38
F-Score6
WACC7.61%
ROIC/WACC1.44
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-10.37%
EPS Next 2Y7.74%
EPS Next 3Y10.17%
EPS Next 5Y11.11%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y-3.57%
Revenue growth 5Y28.91%
Sales Q2Q%-6.4%
Revenue Next Year2.74%
Revenue Next 2Y7.37%
Revenue Next 3Y4.46%
Revenue Next 5Y-2.48%
EBIT growth 1Y-7.8%
EBIT growth 3Y-21.41%
EBIT growth 5YN/A
EBIT Next Year99.02%
EBIT Next 3Y38.22%
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 7 / 10 to DEVON ENERGY CORP (DVN). This can be considered as Undervalued.


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 11.13 and the Price/Book (PB) ratio is 1.74.


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 -10.37% in the next year.