DEVON ENERGY CORP (DVN) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:DVN • US25179M1036
40.14 USD
-0.07 (-0.17%)
At close: Feb 2, 2026
40.08 USD
-0.06 (-0.15%)
After Hours: 2/2/2026, 8:04:00 PM
We assign a fundamental rating of 6 out of 10 to DVN. DVN was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. DVN has an excellent profitability rating, but there are some minor concerns on its financial health. DVN scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
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.
- Of the past 5 years DVN 4 years were profitable.
- In the past 5 years DVN always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 8.71%, DVN belongs to the top of the industry, outperforming 86.96% of the companies in the same industry.
- DVN's Return On Equity of 17.71% is amongst the best of the industry. DVN outperforms 85.02% of its industry peers.
- DVN has a Return On Invested Capital of 11.84%. This is amongst the best in the industry. DVN outperforms 88.41% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for DVN is in line with the industry average of 21.94%.
- The 3 year average ROIC (20.63%) for DVN is well above the current ROIC(11.84%). The reason for the recent decline needs to be investigated.
| 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
- The Profit Margin of DVN (15.56%) is better than 66.67% of its industry peers.
- In the last couple of years the Profit Margin of DVN has declined.
- DVN has a better Operating Margin (22.88%) than 60.39% of its industry peers.
- In the last couple of years the Operating Margin of DVN has grown nicely.
- DVN has a Gross Margin of 47.14%. This is comparable to the rest of the industry: DVN outperforms 56.04% of its industry peers.
- In the last couple of years the Gross Margin of DVN has declined.
| 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
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so DVN is creating value.
- The number of shares outstanding for DVN has been increased compared to 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
- An Altman-Z score of 2.37 indicates that DVN is not a great score, but indicates only limited risk for bankruptcy at the moment.
- DVN has a Altman-Z score of 2.37. This is in the better half of the industry: DVN outperforms 71.50% 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 75.85% of the companies in the same industry.
- A Debt/Equity ratio of 0.48 indicates that DVN is not too dependend on debt financing.
- DVN's Debt to Equity ratio of 0.48 is in line compared to the rest of the industry. DVN outperforms 49.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.98 | ||
| Altman-Z | 2.37 |
ROIC/WACC1.47
WACC8.07%
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's Current ratio of 0.96 is in line compared to the rest of the industry. DVN outperforms 41.55% of its industry peers.
- 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 44.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
- The earnings per share for DVN have decreased strongly by -16.34% in the last year.
- The Earnings Per Share has been growing by 31.25% on average over the past years. This is a very strong growth
- DVN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.40%.
- Measured over the past years, DVN shows a very strong growth in Revenue. The Revenue has been growing by 20.71% on average per year.
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.
- DVN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.31% yearly.
EPS Next Y-17.39%
EPS Next 2Y-12.27%
EPS Next 3Y1.26%
EPS Next 5Y2.93%
Revenue Next Year7.93%
Revenue Next 2Y0.98%
Revenue Next 3Y2.31%
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
- Based on the Price/Earnings ratio of 9.44, the valuation of DVN can be described as reasonable.
- Based on the Price/Earnings ratio, DVN is valued cheaply inside the industry as 84.54% of the companies are valued more expensively.
- DVN is valuated cheaply when we compare the Price/Earnings ratio to 28.41, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 10.80, the valuation of DVN can be described as reasonable.
- Based on the Price/Forward Earnings ratio, DVN is valued a bit cheaper than 78.26% of the companies in the same industry.
- DVN is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.64, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.44 | ||
| Fwd PE | 10.8 |
4.2 Price Multiples
- 84.06% of the companies in the same industry are more expensive than DVN, based on the Enterprise Value to EBITDA ratio.
- 84.54% 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 | 8.94 | ||
| EV/EBITDA | 4.22 |
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)0.3
EPS Next 2Y-12.27%
EPS Next 3Y1.26%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.40%, DVN has a reasonable but not impressive dividend return.
- DVN's Dividend Yield is comparable with the industry average which is at 3.64.
- DVN's Dividend Yield is a higher than the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.4% |
5.2 History
- The dividend of DVN is nicely growing with an annual growth rate of 34.02%!
- DVN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)34.02%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 22.55% 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 the earnings are growing slower. This means the dividend growth is not sustainable.
DP22.55%
EPS Next 2Y-12.27%
EPS Next 3Y1.26%
40.14
-0.07 (-0.17%)
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 Change-0.23%
Ins Owners0.39%
Ins Owner Change-0.03%
Market Cap25.18B
Revenue(TTM)17.47B
Net Income(TTM)2.72B
Analysts80.57
Price Target46.11 (14.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.4% |
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)-0.76%
PT rev (3m)0.28%
EPS NQ rev (1m)-5.01%
EPS NQ rev (3m)-11.41%
EPS NY rev (1m)-0.52%
EPS NY rev (3m)0.05%
Revenue NQ rev (1m)-0.32%
Revenue NQ rev (3m)-2.84%
Revenue NY rev (1m)-0.18%
Revenue NY rev (3m)-0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.44 | ||
| Fwd PE | 10.8 | ||
| P/S | 1.44 | ||
| P/FCF | 8.94 | ||
| P/OCF | 3.68 | ||
| P/B | 1.64 | ||
| P/tB | 1.72 | ||
| EV/EBITDA | 4.22 |
EPS(TTM)4.25
EY10.59%
EPS(NY)3.72
Fwd EY9.26%
FCF(TTM)4.49
FCFY11.19%
OCF(TTM)10.91
OCFY27.17%
SpS27.85
BVpS24.47
TBVpS23.27
PEG (NY)N/A
PEG (5Y)0.3
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 | 2.37 |
F-Score6
WACC8.07%
ROIC/WACC1.47
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-17.39%
EPS Next 2Y-12.27%
EPS Next 3Y1.26%
EPS Next 5Y2.93%
Revenue 1Y (TTM)11.4%
Revenue growth 3Y9.3%
Revenue growth 5Y20.71%
Sales Q2Q%7.63%
Revenue Next Year7.93%
Revenue Next 2Y0.98%
Revenue Next 3Y2.31%
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 9.44 and the Price/Book (PB) ratio is 1.64.
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 -17.39% in the next year.