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.

50.68 1.44 +2.92%
Market cap
$54.2B
P/E
12.0×
Fwd P/E
8.8×
Dividend yield
2.21%
F-score
5/9
Altman Z
2.22
Beneish M
−3.14
Dividend safety
66/100

Devon Energy Corporation (DVN) EV/EBITDA

Alert me on 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

Against its own ten years

Low 0.0× High 152×
Ten-year median 4.5×
Current reading's percentile 74

EV/EBITDA against peers

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)

The full definition of EV/EBITDA →

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