Devon Energy (DVN) | Financial Analysis & Statements

Devon Energy Corporation | Large-cap | Energy

$32.68

-1.66%

Devon Energy vs ConocoPhillips Devon Energy vs Canadian Natural Devon Energy vs Eog Resources Devon Energy vs Diamondback Energy Devon Energy vs Occidental Petroleum Devon Energy vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 15.9B

Gross Profit 4.7B 29.55%

Operating Income 4.1B 25.99%

Net Income 2.9B 18.46%

EPS (Diluted) $4.56

Balance Sheet Metrics

Total Assets 30.5B

Total Liabilities 15.8B

Shareholders Equity 14.7B

Debt to Equity 1.07

Cash Flow Metrics

Operating Cash Flow 6.6B

Free Cash Flow -853.0M

Revenue & Profitability Trend

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Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Devon Energy Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	15.9B	15.3B	19.2B	12.2B	4.8B
Cost of Goods Sold	11.2B	9.9B	10.8B	8.5B	4.4B
Gross Profit	4.7B	5.4B	8.4B	3.7B	392.0M
Operating Expenses	567.0M	457.0M	449.0M	433.0M	525.0M
Operating Income	4.1B	4.9B	7.9B	3.2B	-133.0M
Pre-tax Income	3.7B	4.6B	7.8B	2.9B	-3.1B
Income Tax	770.0M	841.0M	1.7B	65.0M	-547.0M
Net Income	2.9B	3.8B	6.0B	2.8B	-2.7B
EPS (Diluted)	$4.56	$5.84	$9.12	$4.19	-$7.12

Income Statement Trend

Devon Energy Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	3.4B	3.2B	3.9B	4.2B	3.3B
Non-Current Assets	27.1B	21.3B	19.8B	16.8B	6.7B
Total Assets	30.5B	24.5B	23.7B	21.0B	9.9B
Liabilities
Current Liabilities	3.3B	2.9B	3.1B	3.1B	1.4B
Non-Current Liabilities	12.5B	9.3B	9.3B	8.5B	5.5B
Total Liabilities	15.8B	12.3B	12.4B	11.6B	6.9B
Equity
Total Shareholders Equity	14.7B	12.2B	11.3B	9.4B	3.0B

Balance Sheet Composition

Devon Energy Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	2.9B	3.8B	6.0B	2.8B	-2.7B
Operating Cash Flow	6.6B	7.0B	7.8B	3.0B	-1.2B
Investing Activities
Capital Expenditures	-3.8B	-38.0M	-2.5B	61.0M	26.0M
Investing Cash Flow	-3.8B	-91.0M	-2.6B	380.0M	26.0M
Financing Activities
Dividends Paid	-937.0M	-1.9B	-3.4B	-1.3B	-257.0M
Financing Cash Flow	706.0M	-3.2B	-4.2B	-3.3B	-306.0M
Free Cash Flow	-853.0M	2.6B	3.4B	2.9B	193.0M

Cash Flow Trend

Devon Energy Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 7.48

Forward P/E 7.36

Price to Book 1.45

Price to Sales 1.32

PEG Ratio 7.36

Profitability Ratios

Profit Margin 17.49%

Operating Margin 23.63%

Return on Equity 20.96%

Return on Assets 9.56%

Financial Health

Current Ratio 1.08

Debt to Equity 60.97

Beta 1.06

Per Share Data

EPS (TTM) $4.39

Book Value per Share $22.59

Revenue per Share $25.09

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
dvn	21.1B	7.48	1.45	20.96%	17.49%	60.97
ConocoPhillips	119.5B	12.00	1.83	16.66%	16.15%	36.46
Canadian Natural	70.3B	12.84	1.73	18.95%	19.76%	46.57
Eog Resources	66.6B	11.30	2.28	20.90%	25.88%	17.15
Diamondback Energy	43.5B	9.26	1.11	14.67%	32.35%	33.59
Occidental Petroleum	43.3B	17.79	1.57	9.49%	11.43%	74.03

Financial data is updated regularly. All figures are in the company's reporting currency.