Devon Energy financials
$46.60−0.28%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.79B | $15.92B | $15.14B | $19.83B | $13.75B | $4.67B | $6.67B | $8.44B | $6.50B | $6.75B |
| Gross profit | $7.58B | $7.94B | $7.80B | $11.25B | $7.38B | $3.55B | $5.48B | $7.29B | $2.15B | $2.13B |
| Gross margin | 45.2% | 49.9% | 51.5% | 56.7% | 53.7% | 76.0% | 82.1% | 86.3% | 33.1% | 31.5% |
| Operating income | $3.20B | $4.16B | $4.82B | $8.60B | $4.60B | -$3.01B | $551.0M | $782.0M | $152.0M | -$1.11B |
| Net income | $2.64B | $2.89B | $3.75B | $5.96B | $2.78B | -$2.56B | -$83.0M | $706.0M | $32.0M | -$576.0M |
| Net margin | 15.7% | 18.2% | 24.7% | 30.0% | 20.2% | −54.7% | −1.2% | 8.4% | 0.5% | −8.5% |
| Diluted EPS | $4.17 | $4.56 | $5.84 | $9.12 | $4.19 | $-6.78 | $-0.21 | $1.42 | $0.06 | $-1.14 |
| EBITDA | $7.05B | $7.42B | $7.38B | $10.83B | $7.02B | $1.03B | $2.13B | $2.26B | $1.16B | $1.18B |
| Operating cash flow | $6.71B | $6.60B | $6.54B | $8.53B | $4.90B | $1.35B | $2.07B | $2.70B | $2.91B | $1.50B |
| Free cash flow | $2.80B | -$853.0M | $2.60B | $3.40B | $2.89B | $193.0M | $130.0M | $533.0M | $1.25B | -$733.0M |
| Diluted shares | 633.0M | 634.0M | 642.0M | 653.0M | 665.0M | 377.0M | 401.0M | 497.0M | 520.0M | 507.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $0.00 | $846.0M | $0.00 | $0.00 | $2.27B | $2.24B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $8.39B | $8.88B | $6.16B | $6.44B | $6.48B | $4.30B |
| Total assets | $31.60B | $30.49B | $24.49B | $23.72B | $21.02B | $9.91B |
| Total liabilities | $16.07B | $15.79B | $12.27B | $12.43B | $11.63B | $6.89B |
| Shareholders' equity | $15.53B | $14.70B | $12.22B | $11.30B | $9.40B | $3.02B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology