DEVON ENERGY CORP/DE (DVN) Factsheet

DEVON ENERGY CORP/DE (DVN) Stock Analysis

Analysis from 10-Q filed 2026-11-06. Data as of Q3 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 7.1%. FCF margin 23.5%. D/E 0.3x. Source: 10-Q filed 2026-11-06.

Metric	Value	Context
ROIC	7.1%	Below expectations
FCF Margin	23.5%	Strong cash generation
Debt/Equity	0.3x	Conservative leverage

ROIC 7.1% — Top 50% of sector peers. FCF margin 23.5% — Top 25%.

Explore DEVON ENERGY CORP/DE: Earnings History | Overview

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for DVN: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_section, get_metric_history, compare_companies, screen_filing_signals.

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Profitability: DEVON ENERGY CORP/DE earns 7.1% ROIC, Top 50% in Energy

ROIC TTM 7.1%, sector median 7.0%, Top 50%. DuPont: NOPAT margin 12.8% × asset turnover 0.5x. Operating margin 16.2%. Source: 10-Q filed 2026-11-06.

Metric	DVN	Rating	Context
Return on Invested Capital (ROIC)	7.1%	Warning	Above sector median of 7.0%
Return on Equity (ROE)	14.2%	Adequate	Moderate equity returns
Operating Margin	16.2%	Good	Efficient operations

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Cash Flow: DEVON ENERGY CORP/DE generates $5.2B FCF at 23.5% margin, positive NaN/8 quarters

FCF TTM $5.2B. FCF margin 23.5%, Top 25%. OCF/Net income 2.7x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2026-11-06.

Metric	DVN	Rating	Context
Free Cash Flow Margin	23.5%	Excellent	Excellent cash conversion
Free Cash Flow (TTM)	$5.2B	Good	Positive cash generation
OCF/Net Income	2.7x	Excellent	High earnings quality
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

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Balance Sheet: DEVON ENERGY CORP/DE at 0.3x leverage, 6.8x interest coverage

Debt/Equity 0.3x. Total debt $10.6B, cash & investments $352.0M. Interest coverage 6.8x. Source: 10-Q filed 2026-11-06.

Metric	DVN	Rating	Context
Debt to Equity	0.3x	Excellent	Conservative capital structure
Net Cash Position	$-10.3B	Warning	Net debt position
Interest Coverage	6.8x	Good	Comfortable debt service

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Valuation: DEVON ENERGY CORP/DE trades at 14.6x earnings

P/E 14.6x. EV/Sales 2.8x. FCF yield 9.9%. Dividend yield 2.4%. Source: 10-Q filed 2026-11-06.

Metric	DVN	Rating	Context
P/E Ratio	14.6x	Adequate	Reasonable valuation
EV/Sales	2.8x	Good	Attractive revenue multiple
FCF Yield	9.9%	Excellent	Attractive cash return
Dividend Yield	2.4%	Adequate	Growth focus over income

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Capital Allocation: DEVON ENERGY CORP/DE returns 3.7% shareholder yield

Total shareholder yield 3.7% (div 2.4% + buyback 1.8%). Share count +81.7% YoY. Capital returned $2.0B TTM. Source: 10-Q filed 2026-11-06.

Metric	DVN	Rating	Context
Total Shareholder Yield	3.7%	Good	Dividend + buyback yield combined
Buyback Yield	1.8%	Adequate	Minimal buyback activity
Share Count Change (YoY)	81.7%	Warning	Net dilution from issuance/SBC
Total Capital Returned (TTM)	$2.0B	Good	Dividends + buybacks returned to shareholders

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Sector Rankings

Metric	Value	Percentile	vs Median
Return on Invested Capital (ROIC)	7.1%	Top 50%	1.0x above
Free Cash Flow Margin	23.5%	Top 25%	3.0x above
Operating Margin	16.2%	Top 50%	1.1x above
Return on Equity (ROE)	14.2%	Top 50%	1.3x above
P/E Ratio	14.6x	N/A	-

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Financial Scorecard

Metric	DVN	Rating	Sector Context
Return on Invested Capital (ROIC)	7.1%	Warning	Top 50% of sector (median: 7.0%)
Free Cash Flow Margin	23.5%	Excellent	Top 25% of sector (median: 7.9%)
Debt to Equity Ratio	25.3%	Excellent	Conservative capital structure
P/E Ratio (Price-to-Earnings)	14.6x	Adequate	Attractively valued
Free Cash Flow Yield	9.9%	Excellent	High cash return

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Frequently Asked Questions

Q: What is DEVON ENERGY CORP/DE's Return on Invested Capital (ROIC)?

DEVON ENERGY CORP/DE (DVN) has a trailing twelve-month Return on Invested Capital (ROIC) of 7.1%. The 8-quarter median ROIC is 7.1% with a declining trend. Sector median 7.0%. Source: 10-Q filed 2026-11-06.

Q: What is DEVON ENERGY CORP/DE's Free Cash Flow Margin?

DEVON ENERGY CORP/DE (DVN) has a free cash flow margin of 23.5%, generating $5.2 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2026-11-06.

Q: What is DEVON ENERGY CORP/DE's P/E ratio and how does it compare to peers?

DEVON ENERGY CORP/DE (DVN) trades at a P/E ratio of 14.6x, which is above the sector median of N/A. EV/Sales 2.8x. FCF yield 9.9%. Source: 10-Q filed 2026-11-06.

Q: Does DEVON ENERGY CORP/DE pay a dividend?

DEVON ENERGY CORP/DE (DVN) currently pays a dividend yield of 2.4%. Total shareholder yield (dividend + buybacks) 3.7%. Source: 10-Q filed 2026-11-06.

Q: What is DEVON ENERGY CORP/DE's revenue and earnings growth?

DEVON ENERGY CORP/DE (DVN) grew revenue by 27.1% year-over-year. EPS +1.9% YoY. Source: 10-Q filed 2026-11-06.

Q: Is DEVON ENERGY CORP/DE buying back stock?

DEVON ENERGY CORP/DE (DVN) repurchased $930.0 million of stock over the trailing twelve months. This represents a buyback yield of 1.8%. Share count +81.7% YoY. Source: 10-Q filed 2026-11-06.

Q: How does DEVON ENERGY CORP/DE compare to competitors in Energy?

Compared to other companies in Energy, DEVON ENERGY CORP/DE (DVN) shows: ROIC 7.1%, sector median 7.0% (Top 50%). FCF margin 23.5%, sector median 7.9% (Top 25%). These rankings are based on MetricDuck's analysis of all Energy companies with available SEC filings.

Q: What warning signs should I watch for with DEVON ENERGY CORP/DE?

No quantitative warning flags fired for DEVON ENERGY CORP/DE (DVN) on margin trend, FCF trend, ROIC trend, or leverage thresholds. Source: 10-Q filed 2026-11-06.

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Data Source: Data sourced from 10-Q filed 2026-11-06. TTM metrics as of Q3 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.