DEVON ENERGY CORP (DVN) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:DVN • US25179M1036

43.39 USD
+2.28 (+5.55%)
At close: Feb 4, 2026
43.35 USD
-0.04 (-0.09%)
Pre-Market: 2/5/2026, 4:50:49 AM
Fundamental Rating

6

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 scores excellent on profitability, but there are some minor concerns on its financial health. DVN may be a bit undervalued, certainly considering the very reasonable score on growth


Dividend Valuation Growth Profitability Health

7

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.
  • 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 0 2B -2B 4B 6B 8B

1.2 Ratios

  • With an excellent Return On Assets value of 8.71%, DVN belongs to the best of the industry, outperforming 86.96% of the companies in the same industry.
  • The Return On Equity of DVN (17.71%) is better than 85.02% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 11.84%, DVN belongs to the top of the industry, outperforming 88.41% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for DVN is in line with the industry average of 21.95%.
  • 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 RankSector 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
DVN Yearly ROA, ROE, ROICDVN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

1.3 Margins

  • DVN has a better Profit Margin (15.56%) than 66.67% of its industry peers.
  • DVN's Profit Margin has declined in the last couple of years.
  • With a decent Operating Margin value of 22.88%, DVN is doing good in the industry, outperforming 60.39% of the companies in the same industry.
  • In the last couple of years the Operating Margin of DVN has grown nicely.
  • DVN's Gross Margin of 47.14% is in line compared to the rest of the industry. DVN outperforms 56.04% of its industry peers.
  • DVN's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
DVN Yearly Profit, Operating, Gross MarginsDVN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

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.
  • DVN has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for DVN has been increased compared to 5 years ago.
  • DVN has a worse debt/assets ratio than last year.
DVN Yearly Shares OutstandingDVN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 2.44 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 2.44, DVN is doing good in the industry, outperforming 72.46% of the companies in the same industry.
  • The Debt to FCF ratio of DVN is 2.98, which is a good value as it means it would take DVN, 2.98 years of fcf income to pay off all of its debts.
  • DVN's Debt to FCF ratio of 2.98 is fine compared to the rest of the industry. DVN outperforms 75.85% of its industry peers.
  • A Debt/Equity ratio of 0.48 indicates that DVN is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.48, DVN perfoms like the industry average, outperforming 49.28% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 2.98
Altman-Z 2.44
ROIC/WACC1.46
WACC8.09%
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 0 5B 10B

2.3 Liquidity

  • A Current Ratio of 0.96 indicates that DVN may have some problems paying 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.
  • The Quick ratio of DVN (0.87) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.96
Quick Ratio 0.87
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 1B 2B 3B 4B

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

5

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.
  • DVN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.40%.
  • The Revenue has been growing by 20.71% on average over the past years. This is a very strong growth!
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

  • Based on estimates for the next years, DVN will show a small growth in Earnings Per Share. The EPS will grow by 2.93% on average per year.
  • The Revenue is expected to grow by 4.31% on average over the next years.
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.
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 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

  • A Price/Earnings ratio of 10.21 indicates a reasonable valuation of DVN.
  • Compared to the rest of the industry, the Price/Earnings ratio of DVN indicates a rather cheap valuation: DVN is cheaper than 82.61% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of DVN to the average of the S&P500 Index (28.25), we can say DVN is valued rather cheaply.
  • A Price/Forward Earnings ratio of 11.67 indicates a reasonable valuation of DVN.
  • DVN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. DVN is cheaper than 73.91% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of DVN to the average of the S&P500 Index (27.50), we can say DVN is valued rather cheaply.
Industry RankSector Rank
PE 10.21
Fwd PE 11.67
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

  • Based on the Enterprise Value to EBITDA ratio, DVN is valued cheaply inside the industry as 83.09% of the companies are valued more expensively.
  • 82.61% 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 9.66
EV/EBITDA 4.48
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)0.33
EPS Next 2Y-12.27%
EPS Next 3Y1.26%

More info and screens

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

5

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.
  • Compared to an average S&P500 Dividend Yield of 1.82, DVN pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.4%

5.2 History

  • On average, the dividend of DVN grows each year by 34.02%, which is quite nice.
  • 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
DVN Yearly Dividends per shareDVN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

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%
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 0 2B -2B 4B
DVN Dividend Payout.DVN Dividend Payout, showing the Payout Ratio.DVN Dividend Payout.PayoutRetained Earnings

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DEVON ENERGY CORP

NYSE:DVN (2/4/2026, 8:15:13 PM)

Premarket: 43.35 -0.04 (-0.09%)

43.39

+2.28 (+5.55%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-05
Earnings (Next)02-17
Inst Owners76.44%
Inst Owner Change-0.23%
Ins Owners0.39%
Ins Owner Change-0.03%
Market Cap27.22B
Revenue(TTM)17.47B
Net Income(TTM)2.72B
Analysts80.57
Price Target46.11 (6.27%)
Short Float %3.66%
Short Ratio2.46
Dividend
Industry RankSector 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 RankSector Rank
PE 10.21
Fwd PE 11.67
P/S 1.56
P/FCF 9.66
P/OCF 3.98
P/B 1.77
P/tB 1.86
EV/EBITDA 4.48
EPS(TTM)4.25
EY9.79%
EPS(NY)3.72
Fwd EY8.57%
FCF(TTM)4.49
FCFY10.35%
OCF(TTM)10.91
OCFY25.13%
SpS27.85
BVpS24.47
TBVpS23.27
PEG (NY)N/A
PEG (5Y)0.33
Graham Number48.37
Profitability
Industry RankSector 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 RankSector 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 2.44
F-Score6
WACC8.09%
ROIC/WACC1.46
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 10.21 and the Price/Book (PB) ratio is 1.77.


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.