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.

Revenue
+58.4%
EPS
−19.3%
Free cash flow
−130.2%
Total debt
+26.8%

Quarter to September 2026, against a year earlier

42.16 0.72 −1.68%
Market cap
$47.2B
P/E
10.6×
Fwd P/E
9.6×
Dividend yield
2.63%
F-score
5/9
Altman Z
2.22
Beneish M
−3.14
Dividend safety
66/100

Devon Energy Corporation (DVN) Free cash flow

Alert me on Free cash flow

Devon Energy Corporation's free cash flow for fiscal 2025 was $3.3B, compared with −$829.0M in fiscal 2024. Over the twelve months to 30 September 2026 it was $9.7B. Over the past ten years it has ranged from −$889.0M (fiscal 2015) to $3.4B (fiscal 2022); the current reading is higher than 91% of that period. Devon Energy Corporation ranks 11th of 68 Oil & Gas E&P companies by free cash flow.

Free cash flow, annual

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Annual newest first

Period Free cash flow Change
FY2025 $3.3B —
FY2024 −$829.0M —
FY2023 $2.6B (23.84%)
FY2022 $3.4B 15.92%
FY2021 $3.0B 781.60%
FY2020 $337.0M (31.50%)
FY2019 $492.0M —
FY2018 −$33.0M —
FY2017 $54.0M (96.67%)
FY2016 $1.6B —

Quarterly newest first

Period Free cash flow Change
Sep 2026 $2.8B —
Jun 2026 −$285.0M —
Mar 2026 $628.0M 4.15%
Dec 2025 $603.0M (8.77%)
43 more quarters

Against its own ten years

Low −$889.0M High $3.4B
Ten-year median $492.0M
Current reading's percentile 91

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)

The full definition of Free cash flow →

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