Devon Energy

Energy Oil & Gas Exploration & Production Oklahoma City, Oklahoma Last filing Feb 18, 2026 · FY2025

                    Revenue
                    FY2025
                
$17.2B
                    3y CAGR -3.6%
                    
                    P58
                    
                    +7.8%
                    
                    Net income
                    FY2025
                
$2.6B
                    Net margin +15.4%
                    
                    P68
                    
                    -8.6%
                    
                    Total assets
                    FY2025
                
$31.6B
                    ROA +8.4%
                    
                    P91
                    
                    +3.6%
                    
                    Operating cash flow
                    FY2025
                
$6.7B
                    
                    +1.7%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

30 accounts · 10 years

Total assets $31.6B

Total liabilities $4.1B

Shareholders equity $15.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	4.5%	2.7%	3.5%	5.5%	10.0%	20.7%	10.7%	12.3%	8.7%	7.6%
Accounts Receivable	5.7%	6.5%	6.4%	7.4%	7.3%	6.1%	6.1%	4.5%	5.5%	5.2%
Inventory	1.1%	1.0%	1.0%	0.8%	—	—	—	—	—	—
Prepaid Expenses	1.4%	1.0%	1.9%	2.0%	1.7%	2.5%	2.0%	4.8%	1.5%	1.0%
Other Current Assets	1.4%	1.0%	1.9%	2.0%	1.7%	2.5%	2.0%	4.8%	1.5%	1.0%
Total Current Assets	12.7%	11.2%	12.9%	16.4%	20.2%	32.9%	28.1%	22.7%	15.8%	14.6%
Property,Plant and Equipment	80.4%	82.0%	78.9%	76.3%	71.4%	54.4%	62.6%	71.2%	70.0%	79.2%
Operating Lease Assets	0.9%	0.2%	0.1%	0.1%	0.1%	0.0%	0.1%	—	—	—
Goodwill	2.4%	2.5%	3.1%	3.2%	3.6%	7.6%	5.5%	4.3%	7.9%	15.3%
Intangible Assets	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	5.0%	6.3%
Other Noncurrent Assets	1.3%	0.9%	1.3%	1.3%	1.8%	2.9%	1.4%	1.8%	6.3%	7.7%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	2.5%	2.6%	3.1%	3.6%	2.4%	2.4%	3.1%	3.4%	2.7%	2.5%
Accrued Liabilities	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.4%	0.4%	0.5%
Current Portion of Long Term Debt	3.2%	1.6%	2.0%	1.1%	—	—	—	0.8%	0.4%	—
Operating Lease Liabilities	0.3%	0.1%	0.0%	0.1%	0.1%	0.0%	0.1%	—	—	—
Other Current Liabilities	2.6%	1.9%	2.0%	2.1%	5.4%	5.4%	2.3%	2.2%	4.0%	4.1%
Total Current Liabilities	12.9%	10.9%	12.0%	13.1%	14.7%	14.5%	14.0%	11.4%	11.0%	10.1%
Long Term Debt	23.4%	27.5%	23.2%	26.1%	30.8%	43.4%	31.3%	29.6%	34.0%	39.2%
Operating Lease Liabilities Noncurrent	0.6%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—
Deferred Tax Liabilities	0.0%	8.8%	9.7%	8.6%	7.9%	2.1%	5.9%	4.5%	2.8%	2.5%
Other Noncurrent Liabilities	2.9%	2.8%	3.6%	3.8%	5.0%	5.6%	3.1%	2.4%	1.9%	3.5%
Total Liabilities	12.9%	10.9%	12.0%	13.1%	14.7%	14.5%	14.0%	11.4%	11.0%	10.1%
Equity
Common Stock	0.2%	0.2%	0.3%	0.3%	0.3%	0.4%	0.3%	0.2%	0.2%	0.2%
Additional Paid In Capital	17.1%	20.9%	24.3%	29.2%	36.3%	27.9%	19.9%	22.9%	24.2%	27.9%
Retained Earnings	32.3%	26.8%	25.3%	18.1%	8.0%	2.1%	22.9%	18.7%	2.3%	-6.4%
Treasury Stock	3.4%	3.6%	0.1%	3.4%	3.0%	0.6%	13.5%	0.1%	0.1%	0.1%
Accumulated Other Comprehensive Income	-0.4%	-0.4%	-0.5%	-0.5%	-0.6%	-1.3%	-0.9%	5.2%	3.9%	4.1%
Total Stockholders Equity	49.1%	47.5%	49.2%	47.1%	44.1%	29.1%	42.3%	46.9%	30.6%	22.9%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

14 accounts · 10 years

Revenue $17.2B

Operating income $6.0B

Net income $2.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	54.4%	52.3%	62.3%	80.8%	58.1%	48.7%	45.3%	45.5%	21.5%	26.1%
Expenses Selling,General and Administrative	1.6%	1.6%	1.7%	1.7%	1.9%	3.4%	3.5%	2.9%	2.1%	2.8%
Expenses Depreciation and Amortization	11.4%	10.7%	10.4%	9.4%	10.3%	13.1%	10.9%	6.3%	3.3%	6.1%
Expenses Share Based Compensation	0.3%	0.3%	0.4%	0.4%	0.5%	0.9%	0.8%	0.7%	0.4%	0.8%
Expenses Operating Expenses	45.9%	42.6%	46.9%	55.4%	—	—	—	—	—	58.2%
Other Income Expense Interest Expense	1.6%	1.3%	1.5%	1.6%	1.8%	2.6%	1.9%	1.5%	1.1%	1.9%
Other Income Expense Income Before Tax	11.0%	12.2%	18.9%	32.8%	13.8%	-31.2%	-0.8%	4.8%	0.1%	-1.7%
Income Tax Income Tax Expense	2.5%	2.5%	3.4%	7.3%	0.3%	-5.5%	-0.2%	1.2%	0.0%	0.5%
net Income net Income	8.4%	9.5%	15.3%	25.4%	13.4%	-27.0%	-2.6%	15.7%	3.0%	-4.1%
net Income Comprehensive Income	8.4%	9.5%	15.3%	25.4%	13.4%	-27.1%	-10.9%	15.1%	3.3%	-3.9%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%	-0.0%	0.0%	0.0%	-0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%	-0.0%	0.0%	0.0%	-0.0%
Earnings Per Share Weighted Average Shares Basic	2.0%	2.1%	2.6%	2.7%	3.2%	3.8%	2.9%	2.5%	1.7%	2.0%
Earnings Per Share Weighted Average Shares Diluted	2.0%	2.1%	2.6%	2.8%	3.2%	3.8%	2.9%	2.5%	1.7%	2.0%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 10 years

Operating cash flow $6.7B

Investing cash flow $-3.4B

Financing cash flow $-2.7B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	8.4%	9.5%	15.3%	25.4%	13.4%	-27.0%	-2.6%	15.7%	3.0%	-4.1%
Operating Activities Depreciation and Amortization	11.4%	10.7%	10.4%	9.4%	10.3%	13.1%	10.9%	6.3%	3.3%	6.1%
Operating Activities Stock Based Compensation	0.3%	0.3%	0.4%	0.4%	0.5%	0.9%	0.8%	0.7%	0.4%	0.7%
Operating Activities Deferred Income Taxes	1.5%	1.0%	1.5%	5.0%	0.2%	-3.3%	-0.2%	1.3%	-0.0%	0.2%
Operating Activities Changes In Operating Assets and Liabilities	-0.5%	0.7%	0.6%	1.0%	0.6%	1.0%	0.6%	0.8%	-0.0%	-0.1%
Operating Activities Other Non Cash Items	-0.2%	0.0%	-0.0%	-0.0%	0.1%	0.1%	-0.0%	-0.1%	-0.0%	0.0%
Operating Activities net Cash From Operating Activities	21.2%	21.6%	26.7%	36.0%	23.3%	—	—	—	9.6%	5.8%
Investing Activities Purchases of Investments	0.2%	0.4%	0.2%	0.3%	0.1%	—	—	—	—	—
Investing Activities net Cash From Investing Activities	-10.7%	-24.0%	-16.1%	-21.6%	-7.5%	—	—	—	-7.3%	-2.3%
Financing Activities Proceeds From Debt	0.0%	10.6%	0.0%	0.0%	—	—	—	—	7.9%	8.3%
Financing Activities Repayment of Debt	1.5%	1.5%	1.0%	0.0%	5.9%	0.0%	1.2%	4.7%	7.0%	9.6%
Financing Activities Repurchase of Common Stock	3.3%	3.5%	4.0%	3.0%	2.8%	0.4%	13.5%	15.1%	—	—
Financing Activities Dividends Paid	1.9%	3.1%	7.6%	14.2%	6.3%	2.6%	1.0%	0.8%	0.4%	0.9%
Financing Activities Tax Withholding On Stock Based Compensation	0.1%	0.2%	0.4%	0.4%	0.2%	0.2%	0.2%	0.2%	0.2%	0.1%
Financing Activities net Cash From Financing Activities	-8.6%	2.3%	-13.0%	-17.8%	-15.7%	—	—	—	0.0%	-4.6%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.0%	0.0%	-0.0%	0.0%	0.0%	—	1.1%	0.0%	-0.2%
Cash Reconciliation net Change In Cash	1.9%	-0.1%	-2.4%	-3.4%	0.2%	4.0%	-4.4%	-1.2%	2.4%	-1.4%
Cash Reconciliation Cash At Beginning of Period	4.5%	2.8%	3.6%	6.1%	10.8%	22.6%	13.4%	12.5%	8.9%	7.6%
Cash Reconciliation Cash At End of Period	4.5%	2.8%	3.6%	6.1%	10.8%	22.6%	13.4%	12.5%	8.9%	7.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	+54.8%	+51.4%	+45.3%	+58.2%
Operating margin	—	—	—	+31.5%	+23.2%	-52.7%	-1.3%	+8.0%	+0.5%	-42.9%
Net margin	+15.4%	+18.1%	+24.6%	+31.4%	+23.0%	-55.5%	-5.7%	+34.4%	+13.8%	-15.6%
FCF margin	—	—	—	—	—	—	—	—	+44.1%	+9.6%
Growth
Revenue CAGR (3y)	-3.6%	+9.3%	+46.7%	+45.5%	+11.1%	-9.4%	-2.7%	-12.2%	-32.0%	-13.4%
Returns
ROE	+17.0%	+19.9%	+31.1%	+53.9%	+30.4%	-92.9%	-6.1%	+33.4%	+9.7%	-17.8%
ROA	+8.4%	+9.5%	+15.3%	+25.4%	+13.4%	-27.0%	-2.6%	+15.7%	+3.0%	-4.1%
ROIC	—	—	—	+28.8%	+20.3%	-49.5%	-0.9%	+4.2%	+0.2%	-20.5%
Liquidity
Current ratio	0.98x	1.04x	1.07x	1.25x	1.38x	2.26x	2.00x	1.99x	1.45x	1.44x
Quick ratio	0.79x	0.84x	0.82x	0.99x	1.18x	1.84x	1.19x	1.48x	1.30x	1.27x
Leverage
D/E	0.26x	0.23x	0.24x	0.28x	0.33x	0.50x	0.33x	0.24x	0.36x	0.44x
Interest coverage	—	—	—	16.32x	7.30x	-9.82x	-0.30x	2.49x	0.10x	-5.93x
Efficiency
Asset turnover	0.54x	0.52x	0.62x	0.81x	0.58x	0.49x	0.45x	0.45x	0.21x	0.26x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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Devon Energy

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