DVN
DEVON ENERGY CORP/DE
Energy • CIK 0001090012
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Market Cap
$45.45B
P/E (TTM)
8.8x
Rev Growth (TTM)
+14.6%
Net Margin (TTM)
16.7%
FCF Yield (TTM)
16.2%
FCF Margin (TTM)
23.9%
Filings
Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.
10-Q2026 Q22026-08-05source
8-KEarnings2026-08-04source
8-KJun 20262026-06-30source
8-KJun 20262026-06-25source
8-KJun 20262026-06-05source
What your agent reads
Investor Relations
Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.
Company-published, not SEC-audited
Cash Flow Health
Free Cash Flow8/8 positive
TTM$4.7B
Q2 '26
$2.4B+189%
Q1 '26
$816M+16%
FCF Margin
TTM23.9%
Q2 '2631.8%+48%
Sector: 12.3%Above Avg
OCF Margin43.5%
OCF/NI2.61x
CapEx Coverage2.2x
FCF Yield16.2%
FCF Growth (2Y)+17%
Cash Conversion Cycle
39 days
DSO: 39+DIO: –−DPO: –
Cash flow trends & capital efficiency
Capital Allocation
Total Shareholder YieldTTM
TTM4.4%
Div Yield1.8%
+Buyback (TTM)2.6%
Dividend & Payout Metrics
Dividend Yield (TTM)1.8%
FCF Payout Ratio17.4%
Free Cash Flow (TTM)$4.7B
Stock Repurchases (TTM)$766.0M
Capital Return / FCF27.4%
Est. Dividends Paid (TTM)$818.6M
Shows how management rewards shareholders
Valuation Metrics
Price-to-EarningsTTM
8.8x
Volatile
8Q: 8.2x+2151%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
8.8x
vs – sector
Cash Flow
7.5x
EV/FCF vs –
Growth-Adj
0.6xPEG
Undervalued for growth
Quality-Adj
1.1P/E per %ROIC
ROIC: 8.3%
Shareholder Returns
Dividend
1.8%
Buyback
2.6%
Total Yield
4.4%
Market Cap$45.45B
EV$55.89B
Multi-angle valuation analysis with sector context
Margins & Efficiency
ROIC 75th pctile
Profitability Cascade
Gross
—
Operating
16.7%
Above Avg in sector
Net
16.7%
Margins Unknown
Return on Invested CapitalTTM
8.3%
Stable
-0.0% YoY-1.2%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
13.0%
8Q: 11.8%
Asset Turnover
0.54x
8Q: 0.56x
Leverage (1+D/E)
1.27x
D/E: 0.27x
DuPont: 8.9% ≈ 8.3% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
0.65x
8Q:0.69x
-8.9%
Invested Cap Turn
0.64x
8Q:0.66x
-6.6%
CapEx Intensity
12.5%
8Q:13.7%
CapEx/Depreciation
0.94x
FCF vs Net Margin Gap+7.2 pts
Margin trends, ROIC, and capital efficiency
Balance Sheet & Solvency
D/E 0.27x
Net Debt / EBITDA
–Net Debt: $10.44B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
0.27x
Balance sheet risk & solvency analysis
Related Research
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