Devon Energy Corporation
DVN Energy Oil & Gas E&P
Devon Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $17.2 billion, up 7.83% from fiscal 2024. In the quarter to June 2026, revenue grew 73.1%, EPS grew 43.7%, free cash flow fell 130.2% and total debt rose 28.3%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.
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Devon Energy Corporation (DVN) EV/EBITDA
As of 16 October 2026, Devon Energy Corporation (DVN) trades at a EV/EBITDA of 7.0×. Over the past ten years it has ranged from 0.0× (March 2021) to 152× (July 2018); the current reading is higher than 74% of that period. That is above the Oil & Gas E&P industry median of 5.1× and in line with the Energy sector median of 6.9×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 4.3× | 3.42% |
| FY2024 | 4.1× | (14.42%) |
| FY2023 | 4.8× | 14.52% |
| FY2022 | 4.2× | (33.15%) |
| FY2021 | 6.3× | — |
| FY2020 | 0.0× | — |
| FY2019 | 7.7× | 28.66% |
| FY2018 | 6.0× | (68.05%) |
| FY2017 | 18.8× | 12.88% |
| FY2016 | 16.6× | — |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 5.9× | 3.49% |
| Mar 2026 | 5.7× | 34.05% |
| Dec 2025 | 4.3× | 4.62% |
| Sep 2025 | 4.1× | 7.60% |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| WDS Woodside Energy Group Ltd compare | 0.3× |
| EXE Expand Energy Corporation compare | 4.1× |
| OXY Occidental Petroleum Corporation compare | 4.9× |
| PR Permian Resources Corporation compare | 5.7× |
| EQT EQT Corporation compare | 5.9× |
| EOG EOG Resources, Inc. compare | 6.3× |
| DVN Devon Energy Corporation | 7.0× |
| FANG Diamondback Energy, Inc. compare | 11.0× |
| TPL Texas Pacific Land Corporation compare | 32.3× |
| Oil & Gas E&P industry median | 5.1× |
| Energy sector median | 6.9× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on DVN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement