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
43.97 USD
+0.16 (+0.37%)
After Hours: 2/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

DVN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year DVN was profitable.
  • In the past year DVN had a positive cash flow from operations.
  • Of the past 5 years DVN 4 years were 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 0 2B -2B 4B 6B 8B

1.2 Ratios

  • The Return On Assets of DVN (8.71%) is better than 86.96% of its industry peers.
  • DVN's Return On Equity of 17.71% is amongst the best of the industry. DVN outperforms 85.02% of its industry peers.
  • DVN's Return On Invested Capital of 11.84% is amongst the best of the industry. DVN outperforms 88.41% of its industry peers.
  • DVN had an Average Return On Invested Capital over the past 3 years of 20.63%. This 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 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

  • Looking at the Profit Margin, with a value of 15.56%, DVN is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • DVN's Profit Margin has declined in the last couple of years.
  • The Operating Margin of DVN (22.88%) is better than 60.39% of its industry peers.
  • DVN's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 47.14%, DVN is in line with its industry, outperforming 56.04% of the companies in the same industry.
  • 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.
  • Compared to 1 year ago, DVN has more shares outstanding
  • 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.
  • DVN has a Altman-Z score of 2.44. This is in the better half of the industry: DVN outperforms 73.43% 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.
  • 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.
  • 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 RankSector Rank
Debt/Equity 0.48
Debt/FCF 2.98
Altman-Z 2.44
ROIC/WACC1.48
WACC8.01%
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

  • 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 (0.87) which 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

  • The earnings per share for DVN have decreased strongly by -16.34% in the last year.
  • Measured over the past years, DVN shows a very strong growth in Earnings Per Share. The EPS has been growing by 31.25% on average per year.
  • DVN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.40%.
  • 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.
  • 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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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

  • With a Price/Earnings ratio of 10.31, the valuation of DVN can be described as very reasonable.
  • DVN's Price/Earnings ratio is rather cheap when compared to the industry. DVN is cheaper than 82.61% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.92, DVN is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 11.79, the valuation of DVN can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, DVN is valued a bit cheaper than 72.95% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of DVN to the average of the S&P500 Index (27.78), we can say DVN is valued rather cheaply.
Industry RankSector Rank
PE 10.31
Fwd PE 11.79
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 cheaper than 82.13% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, DVN is valued cheaply inside the industry as 82.61% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.75
EV/EBITDA 4.46
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%

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

5

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 3.66, 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 RankSector 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
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

  • 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-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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Find the best dividend stocksShow peers with best dividend

DEVON ENERGY CORP

NYSE:DVN (2/6/2026, 8:04:00 PM)

After market: 43.97 +0.16 (+0.37%)

43.81

+0.64 (+1.48%)

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 Cap27.48B
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 RankSector 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)-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 10.31
Fwd PE 11.79
P/S 1.57
P/FCF 9.75
P/OCF 4.02
P/B 1.79
P/tB 1.88
EV/EBITDA 4.46
EPS(TTM)4.25
EY9.7%
EPS(NY)3.72
Fwd EY8.49%
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 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
WACC8.01%
ROIC/WACC1.48
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 10.31 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 -17.39% in the next year.