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Devon Energy

DVNEnergy

Generated Jul 5, 2026, 08:11 PM UTC

analytical score -16

DVN (Devon Energy) analytical snapshot. Revenue declined +20.4% YoY to $15.26B. 5-year revenue CAGR +19.7%; 10y CAGR -3.3%. Net margin at 39.53% (expanding ▲). Market cap $25.15B at $40.47 per share. Trailing P/E 6.93, P/S 1.65, P/B 1.63. EV/Operating income ≈ 6.76 (EV $31.77B). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score -16 (data confidence 79%). Descriptive analytics from public filings — not investment advice.

Market cap
$25.15B
621.40M shares
Price
$40.47
NYQ
P/E (ttm)
6.93
Revenue (FY)
$15.26B
YoY -20.4%
Net margin
39.53%
▲ 95.04pp
Free cash flow
—
Risk level
Moderate

Free SEC analysis

— computed from SEC filings, free to read
Free previewFundamentals Analyst

Fundamentals

Fundamentals Analyst
score -10Stable
80% conf

Revenue declined +20.4% YoY to $15.26B. 5-year revenue CAGR +19.7%; 10y CAGR -3.3%. Net margin at 39.53% (expanding ▲).

  • Revenue declined +20.4% YoY to $15.26B.
  • 5-year revenue CAGR +19.7%; 10y CAGR -3.3%.
  • Net margin at 39.53% (expanding ▲).
  • Return on equity 41.60%, ROA 24.63%, ROIC 0.00%.
  • Gross margin 0.00%, operating margin 0.00%.
  • Net income up ▲ +0.3% YoY.
  • Debt/equity 0.54, current ratio 1.01, net debt $6.62B.
  • Asset turnover 0.47 — capital efficiency.
Revenue (FY)
$15.26B
YoY -20.4%
Net margin
39.53%
▲ 95.04pp
ROE
41.60%
ROA 24.63%
ROIC
0.00%
EPS (diluted)
$5.84
FY2025
Free cash flow
—
Debt / equity
0.54
Cash $1.76B
Current ratio
1.01
Equity $15.43B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
FYRevenueRev YoYGross%Op%Net%FCFROE%
2016$20.64B—0.0022.767.79—22.80
2017$13.14B-36.3%0.000.00-98.11$3.79B-155.86
2018$6.75B-48.6%0.000.00-15.64—-11.41
2019$6.50B-3.7%0.000.0013.81—9.78
2020$8.90B+36.8%0.000.0034.44—52.81
2021$6.22B-30.1%0.000.00-5.71—-12.31
2022$4.83B-22.4%0.000.00-55.51—-28.94
2023$12.21B+152.8%0.000.0023.05—25.19
2024$19.17B+57.0%0.000.0031.38—49.87
2025$15.26B-20.4%0.000.0039.53—41.60
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
Quarter endRevenueYoYQoQNet margin
Mar 31, 2025$4.45B+23.8%—11.10%
Jun 30, 2025$8.74B+16.3%+96.2%15.95%
Jun 30, 2025$4.28B-43.0%-51.0%32.52%
Sep 30, 2025$13.07B+13.3%+205.0%15.92%
Sep 30, 2025$4.33B-62.5%-66.9%48.03%
Mar 31, 2026$3.81B-14.5%-12.1%3.15%
Revenue (annual, SEC 10-K)
2016: 20,638
2017: 13,145
2018: 6,753
2019: 6,501
2020: 8,896
2021: 6,220
2022: 4,828
2023: 12,206
2024: 19,169
2025: 15,258
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
-98.1-63.7-29.35.139.5201620182020202220242025
GrossOperatingNet
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst

Filings & Ownership

Regulatory Analyst
score 30Improving
80% conf

Latest annual report (10-K) filed Feb 18, 2026. Latest quarterly report (10-Q) filed May 6, 2026. 18 recent 8-K material-event filings in the index.

  • Latest annual report (10-K) filed Feb 18, 2026.
  • Latest quarterly report (10-Q) filed May 6, 2026.
  • 18 recent 8-K material-event filings in the index.
  • Recent insider Form 4s: 0 buy vs 0 sell transactions.
  • ~10,000+ recent 13F-HR filings reference Devon Energy; broad institutional reporting.
  • Recent filers include TELEOS MANAGEMENT LLC, Encompass Capital Advisors LLC, Encompass Capital Advisors LLC.
  • 19 recent 13D activist/beneficial-ownership filings — potential catalyst.
  • 1 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 18, 2026
Annual report
Latest 10-Q
May 6, 2026
8-K (recent)
18
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
19
Recent 13F institutional filers (SEC EDGAR full-text)
FilerFormFiled
TELEOS MANAGEMENT LLC13F-HRAug 13, 2001
Encompass Capital Advisors LLC13F-HRFeb 16, 2016
Encompass Capital Advisors LLC13F-HRNov 14, 2013
Arosa Capital Management LP13F-HRMay 16, 2016
TVR Capital Management LP13F-HRFeb 13, 2018
Recent 8-K material events
DateFormDescription
Jun 30, 20268-K8-K
Jun 25, 20268-K8-K
Jun 5, 20268-K8-K
May 22, 20268-K8-K
May 21, 20268-K8-K
May 7, 20268-K8-K
May 5, 20268-K8-K
May 5, 20268-K8-K
Sources:SEC EDGAR — Company FilingsSEC EDGAR — Full-Text Search
Free previewSEC Filing Analyst

SEC Filing Deep-Analysis

SEC Filing Analyst
score -65Deteriorating
64% conf

5 risk signal(s), 1 watch item(s) detected from XBRL filing diff analysis. Revenue grew -20.4% but receivables grew +25.4% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.

  • Receivables outpacing revenue: Accounts receivable grew +25.4% YoY vs revenue growth of -20.4%. The +45.8% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
  • Inventory buildup exceeds sales growth: Inventory grew +18.1% vs revenue -20.4%. Excess inventory may signal weakening demand, potential write-downs, or supply chain overcommitment. Watch gross margin for discounting impact.
  • NEW: Going concern doubt in latest filing: The term "going concern" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
  • Material weakness in internal controls: The term "material weakness" appears in 20 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
  • NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
  • NEW: Off-balance sheet arrangements: Off-balance sheet arrangements appears in recent filings but not in the prior 24-month period. Monitor for materiality.
  • Endogenous analysis: Revenue grew -20.4% but receivables grew +25.4% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
  • 1 new XBRL disclosure(s) in latest filing — expanding reporting scope.
  • 20 disclosure(s) dropped from prior year — reduced reporting granularity.
  • 3 new risk-language term(s) detected in filing text: Going concern doubt, Substantial doubt about ability to continue, Off-balance sheet arrangements.
  • Ongoing high-severity risk language: Material weakness in internal controls.
Revenue
$15.26B
-20.4% YoY
Operating income
$4.70B
+728.6% YoY
Net income
$6.03B
+0.3% YoY
Operating cash flow
$6.54B
-23.3% YoY
Capex
$44.0M
-94.8% YoY
Total assets
$24.49B
+5.2% YoY
Long-term debt
$8.88B
+44.3% YoY
Cash & equivalents
$853.0M
-35.1% YoY
Filing quality score
72/100
1 new disclosures
SEC XBRL metric changes (latest annual vs prior)
MetricPrior yearLatest yearChange% Change
Revenue$19.17B$15.26B$-3.91B-20.4%
Operating income$567.0M$4.70B$4.13B+728.6%
Net income$6.01B$6.03B$16.0M+0.3%
Operating cash flow$8.53B$6.54B$-1.99B-23.3%
Capex$849.0M$44.0M$-805.0M-94.8%
Total assets$23.27B$24.49B$1.22B+5.2%
Long-term debt$6.16B$8.88B$2.73B+44.3%
Cash & equivalents$1.31B$853.0M$-461.0M-35.1%
Stockholders equity$12.06B$14.50B$2.44B+20.2%
Inventory$249.0M$294.0M$45.0M+18.1%
Accounts receivable$1.57B$1.97B$399.0M+25.4%
Interest expense$352.0M$406.0M$54.0M+15.3%
XBRL disclosure changes (new vs dropped concepts)
TypeConcepts
AddedRestructuringCosts
RemovedAmortizationExpensePerPhysicalUnitOfProduction, AssetImpairmentCharges, CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves, CapitalizedExploratoryWellCostChargedToExpense1, CapitalizedExploratoryWellCosts, CashAcquiredFromAcquisition, CommercialPaper, CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves, CostsIncurredAcquisitionOfUnprovedOilAndGasProperties, CostsIncurredDevelopmentCosts
Risk language in filing text (EDGAR full-text search)
TermSeverityRecentPriorStatus
Going concern doubthigh10NEW
Material weakness in internal controlshigh202Ongoing
Substantial doubt about ability to continuehigh10NEW
Impairment chargemedium342Ongoing
Restructuringmedium798Ongoing
Off-balance sheet arrangementsmedium70NEW
Related party transactionslow20NEW
Filing signal breakdown
Red flags: 5
Positive: 0
Watch: 1
Red flags
Positive
Watch
Sources:SEC EDGAR — Company Facts (XBRL)SEC EDGAR — Financial Reports

Unlock the rest

  • Valuation
    Market cap $25.15B at $40.47 per share.
    Pro
  • Price & Technicals
    Price $40.47 — downtrend (below 200-DMA); 1-month momentum negative.
    Pro
  • Macro & Rates
    Market regime: Risk-on · Supportive.
    Pro
  • Risk Scorecard
    Composite risk: Moderate.
    Pro

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3 sections free · 4 Pro sections locked · composite -16

Macro exposure

Cyclical / growth · High sensitivity
Supportive

Macro regime: Risk-on · Supportive. Devon Energy is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.

Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%

Analytical read

deterministic preview

Latest annual report (10-K) filed Feb 18, 2026..

Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Open analytical workspace

Peer comparison

Cyclical / growth group

How DVN stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.

CompanyScoreMacro
Marathon Petroleum MPC25Supportive
Nike Inc. NKE24Supportive
Airbnb Inc. ABNB22Supportive
Datadog Inc. DDOG16Supportive
Okta Inc. OKTA15Supportive
Valero Energy VLO13Supportive
Deere & Co. DE12Supportive
ASML Holding NV ASML10Supportive
Marriott International MAR10Supportive
GE Aerospace GE10Supportive
United Parcel Service UPS9Supportive
Snowflake Inc. SNOW8Supportive
Cloudflare Inc. NET8Supportive
NVIDIA Corp. NVDA7Supportive
Alphabet Inc. GOOGL7Supportive
General Motors Co. GM7Supportive
Booking Holdings BKNG6Supportive
Nucor Corp. NUE5Supportive
Shopify Inc. SHOP5Supportive
Ulta Beauty Inc. ULTA5Supportive
Pinterest Inc. PINS5Supportive
Amazon.com Inc. AMZN4Supportive
Microchip Technology MCHP3Supportive
Warner Bros Discovery WBD3Supportive
Adobe Inc. ADBE3Supportive
Intuit Inc. INTU2Supportive
General Dynamics GD1Supportive
Roku Inc. ROKU1Supportive
Lockheed Martin LMT0Supportive
Boeing Co. BA0Supportive
Hess Corp. HES0Supportive
MercadoLibre Inc. MELI-1Supportive
EOG Resources EOG-2Supportive
Applied Materials Inc. AMAT-2Supportive
IBM Corp. IBM-3Supportive
Spotify Technology SPOT-3Supportive
Energy Transfer ET-3Supportive
Meta Platforms Inc. META-4Supportive
Uber Technologies UBER-4Supportive
Phillips 66 PSX-4Supportive
United Airlines Holdings UAL-5Supportive
Caterpillar Inc. CAT-5Supportive
Alibaba Group BABA-5Supportive
Comcast Corp. CMCSA-6Supportive
TJX Cos. TJX-6Supportive
Starbucks Corp. SBUX-6Supportive
Schlumberger N.V. SLB-7Supportive
Workday Inc. WDAY-7Supportive
McDonald's Corp. MCD-7Supportive
Micron Technology MU-8Supportive
CF Industries CF-8Supportive
Lam Research Corp. LRCX-8Supportive
Albemarle Corp. ALB-8Supportive
Delta Air Lines DAL-8Supportive
Yum Brands Inc. YUM-8Supportive
Linde plc LIN-9Supportive
Home Depot Inc. HD-10Supportive
Sherwin-Williams SHW-10Supportive
Chipotle Mexican Grill CMG-10Supportive
Old Dominion Freight ODFL-10Supportive
Salesforce Inc. CRM-11Supportive
Netflix Inc. NFLX-12Supportive
Union Pacific Corp. UNP-12Supportive
Norfolk Southern NSC-13Supportive
Air Products & Chemicals APD-13Supportive
Exxon Mobil Corp. XOM-14Supportive
Palo Alto Networks PANW-14Supportive
Royal Caribbean Group RCL-15Supportive
Apple Inc. AAPL-15Supportive
ConocoPhillips COP-15Supportive
Zscaler Inc. ZS-15Supportive
Occidental Petroleum OXY-15Supportive
Devon Energy DVN● you-16Supportive
Kinder Morgan KMI-16Supportive
Cisco Systems Inc. CSCO-16Supportive
CSX Corp. CSX-16Supportive
Microsoft Corp. MSFT-16Supportive
Tesla Inc. TSLA-17Supportive
Walt Disney Co. DIS-17Supportive
Dow Inc. DOW-17Supportive
ON Semiconductor Corp. ON-18Supportive
Oracle Corp. ORCL-18Supportive
CrowdStrike Holdings CRWD-18Supportive
Mosaic Co. MOS-18Supportive
RTX Corp. RTX-19Supportive
Advanced Micro Devices AMD-19Supportive
Freeport-McMoRan FCX-20Supportive
Dollar General Corp. DG-20Supportive
Eaton Corp. ETN-22Supportive
Chevron Corp. CVX-22Supportive
T-Mobile US Inc. TMUS-22Supportive
3M Co. MMM-23Supportive
Lowe's Cos. LOW-24Supportive
Honeywell International HON-24Supportive
Texas Instruments TXN-25Supportive
Qualcomm Inc. QCOM-25Supportive
Marvell Technology MRVL-29Supportive
Verizon Communications VZ-30Supportive
Intel Corp. INTC-31Supportive
ServiceNow Inc. NOW-33Supportive
Newmont Corp. NEM-34Supportive
Autodesk Inc. ADSK-34Supportive
Broadcom Inc. AVGO-35Supportive