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) Price to free cash flow

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As of 16 October 2026, Devon Energy Corporation (DVN) trades at a price to free cash flow of 29.6×. Over the past ten years it has ranged from 0.0× (September 2025) to 525× (June 2015); the current reading is higher than 88% of that period. That is above the Oil & Gas E&P industry median of 10.7× and above the Energy sector median of 11.2×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 6.9× —
FY2024 0.0× —
FY2023 11.2× 1.65%
FY2022 11.0× 11.76%
FY2021 9.8× (44.42%)
FY2020 17.7× (16.44%)
FY2019 21.2× —
FY2018 0.0× —
FY2017 407× 2,661.66%
FY2016 14.7× —

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 24.1× 120.51%
Mar 2026 10.9× 57.73%
Dec 2025 6.9× 5.93%
Sep 2025 6.5× —
42 more quarters

Against its own ten years

Low 0.0× High 525×
Ten-year median 10.0×
Current reading's percentile 88

Price to free cash flow against peers

Company Price to free cash flow
WDS Woodside Energy Group Ltd compare n/m
FANG Diamondback Energy, Inc. compare 6.5×
EXE Expand Energy Corporation compare 8.6×
EQT EQT Corporation compare 9.0×
OXY Occidental Petroleum Corporation compare 10.9×
EOG EOG Resources, Inc. compare 12.3×
PR Permian Resources Corporation compare 18.9×
DVN Devon Energy Corporation 29.6×
TPL Texas Pacific Land Corporation compare 62.8×
Oil & Gas E&P industry median 10.7×
Energy sector median 11.2×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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