DEVON ENERGY CORP (DVN) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:DVN • US25179M1036
43.81 USD
+0.64 (+1.48%)
At close: Feb 6, 2026
43.67 USD
-0.14 (-0.32%)
Pre-Market: 2/9/2026, 5:22:07 AM
DVN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 206 industry peers in the Oil, Gas & Consumable Fuels industry. While DVN belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on DVN.
1. Profitability
1.1 Basic Checks
- In the past year DVN was profitable.
- DVN had a positive operating cash flow in the past year.
- DVN had positive earnings in 4 of the past 5 years.
- DVN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- DVN's Return On Assets of 8.71% is amongst the best of the industry. DVN outperforms 86.89% of its industry peers.
- Looking at the Return On Equity, with a value of 17.71%, DVN belongs to the top of the industry, outperforming 84.95% of the companies in the same industry.
- DVN's Return On Invested Capital of 11.84% is amongst the best of the industry. DVN outperforms 88.35% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for DVN is in line with the industry average of 22.02%.
- The last Return On Invested Capital (11.84%) for DVN is well below the 3 year average (20.63%), which needs to be investigated, but indicates that DVN had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.71% | ||
| ROE | 17.71% | ||
| ROIC | 11.84% |
ROA(3y)16.63%
ROA(5y)7.21%
ROE(3y)34.79%
ROE(5y)8.28%
ROIC(3y)20.63%
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 15.56%, DVN is in the better half of the industry, outperforming 66.50% of the companies in the same industry.
- In the last couple of years the Profit Margin of DVN has declined.
- DVN has a Operating Margin of 22.88%. This is in the better half of the industry: DVN outperforms 60.68% of its industry peers.
- DVN's Operating Margin has improved in the last couple of years.
- The Gross Margin of DVN (47.14%) is comparable to the rest of the industry.
- DVN's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.88% | ||
| PM (TTM) | 15.56% | ||
| GM | 47.14% |
OM growth 3Y-0.73%
OM growth 5Y55.24%
PM growth 3Y-7.34%
PM growth 5YN/A
GM growth 3Y1.47%
GM growth 5Y-9.16%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), DVN is creating value.
- DVN has more shares outstanding than it did 1 year ago.
- Compared to 5 years ago, DVN has more shares outstanding
- The debt/assets ratio for DVN is higher compared to a year ago.
2.2 Solvency
- DVN has an Altman-Z score of 2.45. This is not the best score and indicates that DVN is in the grey zone with still only limited risk for bankruptcy at the moment.
- DVN has a Altman-Z score of 2.45. This is in the better half of the industry: DVN outperforms 73.30% of its industry peers.
- DVN has a debt to FCF ratio of 2.98. This is a good value and a sign of high solvency as DVN would need 2.98 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 2.98, DVN is in the better half of the industry, outperforming 76.70% of the companies in the same industry.
- 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 in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.98 | ||
| Altman-Z | 2.45 |
ROIC/WACC1.53
WACC7.73%
2.3 Liquidity
- DVN has a Current Ratio of 0.96. 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 (0.96) which is comparable to the rest of the industry.
- A Quick Ratio of 0.87 indicates that DVN may have some problems paying its short term obligations.
- DVN has a Quick ratio of 0.87. This is comparable to the rest of the industry: DVN outperforms 44.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
- DVN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.34%.
- DVN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 31.25% yearly.
- Looking at the last year, DVN shows a quite strong growth in Revenue. The Revenue has grown by 11.40% in the last year.
- DVN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.71% yearly.
EPS 1Y (TTM)-16.34%
EPS 3Y11.12%
EPS 5Y31.25%
EPS Q2Q%-5.45%
Revenue 1Y (TTM)11.4%
Revenue growth 3Y9.3%
Revenue growth 5Y20.71%
Sales Q2Q%7.63%
3.2 Future
- DVN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.93% yearly.
- Based on estimates for the next years, DVN will show a small growth in Revenue. The Revenue will grow by 4.31% on average per year.
EPS Next Y-17.53%
EPS Next 2Y-14.82%
EPS Next 3Y-2.05%
EPS Next 5Y2.93%
Revenue Next Year8%
Revenue Next 2Y0.94%
Revenue Next 3Y2.04%
Revenue Next 5Y4.31%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. Valuation
4.1 Price/Earnings Ratio
- DVN is valuated reasonably with a Price/Earnings ratio of 10.31.
- DVN's Price/Earnings ratio is rather cheap when compared to the industry. DVN is cheaper than 82.52% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.93. DVN is valued rather cheaply when compared to this.
- DVN is valuated correctly with a Price/Forward Earnings ratio of 12.50.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of DVN indicates a somewhat cheap valuation: DVN is cheaper than 70.39% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 27.77, DVN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.31 | ||
| Fwd PE | 12.5 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DVN indicates a rather cheap valuation: DVN is cheaper than 82.52% of the companies listed in the same industry.
- 83.01% of the companies in the same industry are more expensive than DVN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.75 | ||
| EV/EBITDA | 4.52 |
4.3 Compensation for Growth
- DVN has a very decent profitability rating, which may justify a higher PE ratio.
- A cheap valuation may be justified as DVN's earnings are expected to decrease with -2.05% in the coming years.
PEG (NY)N/A
PEG (5Y)0.33
EPS Next 2Y-14.82%
EPS Next 3Y-2.05%
5. Dividend
5.1 Amount
- DVN has a Yearly Dividend Yield of 2.22%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 3.64, DVN has a dividend in line with its industry peers.
- DVN's Dividend Yield is a higher than the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.22% |
5.2 History
- On average, the dividend of DVN grows each year by 34.02%, which is quite nice.
- DVN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)34.02%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- DVN pays out 22.55% of its income as dividend. This is a sustainable payout ratio.
- The dividend of DVN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP22.55%
EPS Next 2Y-14.82%
EPS Next 3Y-2.05%
43.81
+0.64 (+1.48%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-05 2025-11-05/amc
Earnings (Next)02-17 2026-02-17/amc
Inst Owners76.44%
Inst Owner Change0.08%
Ins Owners0.39%
Ins Owner Change0.12%
Market Cap27.48B
Revenue(TTM)17.47B
Net Income(TTM)2.72B
Analysts80.57
Price Target47.08 (7.46%)
Short Float %3.66%
Short Ratio2.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.22% |
Yearly Dividend1.46
Dividend Growth(5Y)34.02%
DP22.55%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.57%
Min EPS beat(2)-2.06%
Max EPS beat(2)11.19%
EPS beat(4)2
Avg EPS beat(4)4.83%
Min EPS beat(4)-4.28%
Max EPS beat(4)14.49%
EPS beat(8)4
Avg EPS beat(8)4.09%
EPS beat(12)6
Avg EPS beat(12)2.92%
EPS beat(16)10
Avg EPS beat(16)3.87%
Revenue beat(2)2
Avg Revenue beat(2)4.72%
Min Revenue beat(2)4.01%
Max Revenue beat(2)5.44%
Revenue beat(4)4
Avg Revenue beat(4)3.31%
Min Revenue beat(4)0.2%
Max Revenue beat(4)5.44%
Revenue beat(8)7
Avg Revenue beat(8)3.49%
Revenue beat(12)9
Avg Revenue beat(12)1.32%
Revenue beat(16)12
Avg Revenue beat(16)3.1%
PT rev (1m)1.31%
PT rev (3m)2.37%
EPS NQ rev (1m)-5.36%
EPS NQ rev (3m)-10.45%
EPS NY rev (1m)-0.68%
EPS NY rev (3m)0.5%
Revenue NQ rev (1m)-0.22%
Revenue NQ rev (3m)-1.69%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)0.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.31 | ||
| Fwd PE | 12.5 | ||
| P/S | 1.57 | ||
| P/FCF | 9.75 | ||
| P/OCF | 4.02 | ||
| P/B | 1.79 | ||
| P/tB | 1.88 | ||
| EV/EBITDA | 4.52 |
EPS(TTM)4.25
EY9.7%
EPS(NY)3.5
Fwd EY8%
FCF(TTM)4.49
FCFY10.25%
OCF(TTM)10.91
OCFY24.89%
SpS27.85
BVpS24.47
TBVpS23.27
PEG (NY)N/A
PEG (5Y)0.33
Graham Number48.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.71% | ||
| ROE | 17.71% | ||
| ROCE | 14.71% | ||
| ROIC | 11.84% | ||
| ROICexc | 12.4% | ||
| ROICexgc | 12.77% | ||
| OM | 22.88% | ||
| PM (TTM) | 15.56% | ||
| GM | 47.14% | ||
| FCFM | 16.13% |
ROA(3y)16.63%
ROA(5y)7.21%
ROE(3y)34.79%
ROE(5y)8.28%
ROIC(3y)20.63%
ROIC(5y)N/A
ROICexc(3y)21.8%
ROICexc(5y)N/A
ROICexgc(3y)22.62%
ROICexgc(5y)N/A
ROCE(3y)25.62%
ROCE(5y)N/A
ROICexgc growth 3Y-9.4%
ROICexgc growth 5Y53.9%
ROICexc growth 3Y-8.79%
ROICexc growth 5Y55.35%
OM growth 3Y-0.73%
OM growth 5Y55.24%
PM growth 3Y-7.34%
PM growth 5YN/A
GM growth 3Y1.47%
GM growth 5Y-9.16%
F-Score6
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.98 | ||
| Debt/EBITDA | 0.97 | ||
| Cap/Depr | 109.44% | ||
| Cap/Sales | 23.03% | ||
| Interest Coverage | 14.28 | ||
| Cash Conversion | 89.16% | ||
| Profit Quality | 103.64% | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.87 | ||
| Altman-Z | 2.45 |
F-Score6
WACC7.73%
ROIC/WACC1.53
Cap/Depr(3y)204.69%
Cap/Depr(5y)159.27%
Cap/Sales(3y)33.12%
Cap/Sales(5y)27.97%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-16.34%
EPS 3Y11.12%
EPS 5Y31.25%
EPS Q2Q%-5.45%
EPS Next Y-17.53%
EPS Next 2Y-14.82%
EPS Next 3Y-2.05%
EPS Next 5Y2.93%
Revenue 1Y (TTM)11.4%
Revenue growth 3Y9.3%
Revenue growth 5Y20.71%
Sales Q2Q%7.63%
Revenue Next Year8%
Revenue Next 2Y0.94%
Revenue Next 3Y2.04%
Revenue Next 5Y4.31%
EBIT growth 1Y-15.46%
EBIT growth 3Y8.5%
EBIT growth 5Y87.39%
EBIT Next Year79.34%
EBIT Next 3Y21.96%
EBIT Next 5Y15.28%
FCF growth 1Y-1.81%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1.83%
OCF growth 3Y10.44%
OCF growth 5Y26.09%
DEVON ENERGY CORP / DVN FAQ
What is the fundamental rating for DVN stock?
ChartMill assigns a fundamental rating of 6 / 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 7 / 10.
Can you provide the PE and PB ratios for DVN stock?
The Price/Earnings (PE) ratio for DEVON ENERGY CORP (DVN) is 10.31 and the Price/Book (PB) ratio is 1.79.
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 -17.53% in the next year.