DEVON ENERGY CORP/DE (DVN) Stock Analysis

Analysis from 10-Q filed 2025-11-06. Data as of Q2 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 8.3%. FCF margin 23.9%. D/E 0.3x. Source: 10-Q filed 2025-11-06.

Metric	Value	Context
ROIC	8.3%	Near cost of capital
FCF Margin	23.9%	Strong cash generation
Debt/Equity	0.3x	Conservative leverage

ROIC 8.3% — Top 50% of sector peers. FCF margin 23.9% — Top 50%.

Explore DEVON ENERGY CORP/DE: Earnings History | Filings

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_changes, get_metric_history, compare_companies, screen_filing_signals.

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Profitability: DEVON ENERGY CORP/DE earns 8.3% ROIC, Top 50% in Energy

ROIC TTM 8.3%, sector median 7.3%, Top 50%. DuPont: NOPAT margin 13.0% × asset turnover 0.5x. Operating margin 16.7%. Source: 10-Q filed 2025-11-06.

Metric	DVN	Rating	Context
Return on Invested Capital (ROIC)	8.3%	Adequate	Above sector median of 7.3%
Return on Equity (ROE)	17.6%	Good	Efficient use of shareholder equity
Operating Margin	16.7%	Good	Efficient operations

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Cash Flow: DEVON ENERGY CORP/DE generates $4.7B FCF at 23.9% margin, positive NaN/8 quarters

FCF TTM $4.7B. FCF margin 23.9%, Top 50%. OCF/Net income 2.6x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-11-06.

Metric	DVN	Rating	Context
Free Cash Flow Margin	23.9%	Excellent	Excellent cash conversion
Free Cash Flow (TTM)	$4.7B	Good	Positive cash generation
OCF/Net Income	2.6x	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

Debt/Equity 0.3x. Total debt $11.4B, cash & investments $950.0M. Source: 10-Q filed 2025-11-06.

Metric	DVN	Rating	Context
Debt to Equity	0.3x	Excellent	Conservative capital structure
Net Cash Position	$-10.4B	Warning	Net debt position

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Valuation: DEVON ENERGY CORP/DE trades at 8.8x earnings

P/E 8.8x. EV/Sales 1.8x. FCF yield 16.2%. Dividend yield 1.8%. Source: 10-Q filed 2025-11-06.

Metric	DVN	Rating	Context
P/E Ratio	8.8x	Adequate	Reasonable valuation
EV/Sales	1.8x	Excellent	Attractive revenue multiple
FCF Yield	16.2%	Excellent	Attractive cash return
Dividend Yield	1.8%	Adequate	Growth focus over income

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Capital Allocation: DEVON ENERGY CORP/DE returns 4.4% shareholder yield

Total shareholder yield 4.4% (div 1.8% + buyback 2.6%). Capital returned $1.3B TTM. Source: 10-Q filed 2025-11-06.

Metric	DVN	Rating	Context
Total Shareholder Yield	4.4%	Good	Dividend + buyback yield combined
Buyback Yield	2.6%	Adequate	Active share repurchases
Total Capital Returned (TTM)	$1.3B	Good	Dividends + buybacks returned to shareholders

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Sector Rankings

Metric	Value	Percentile	vs Median
Return on Invested Capital (ROIC)	8.3%	Top 50%	1.1x above
Free Cash Flow Margin	23.9%	Top 50%	1.9x above
Operating Margin	16.7%	Top 50%	1.5x above
Return on Equity (ROE)	17.6%	Top 50%	1.7x above
P/E Ratio	8.8x	N/A	-

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Financial Scorecard

Metric	DVN	Rating	Sector Context
Return on Invested Capital (ROIC)	8.3%	Adequate	Top 50% of sector (median: 7.3%)
Free Cash Flow Margin	23.9%	Excellent	Top 50% of sector (median: 12.3%)
Debt to Equity Ratio	27.3%	Excellent	Conservative capital structure
P/E Ratio (Price-to-Earnings)	882.0%	Adequate	Attractively valued
Free Cash Flow Yield	16.2%	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 8.3%. Sector median 7.3%. Source: 10-Q filed 2025-11-06.

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

DEVON ENERGY CORP/DE (DVN) has a free cash flow margin of 23.9%, generating $4.7 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2025-11-06.

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 8.8x, which is above the sector median of N/A. EV/Sales 1.8x. FCF yield 16.2%. Source: 10-Q filed 2025-11-06.

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

DEVON ENERGY CORP/DE (DVN) currently pays a dividend yield of 1.8%. Total shareholder yield (dividend + buybacks) 4.4%. Source: 10-Q filed 2025-11-06.

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

DEVON ENERGY CORP/DE (DVN) grew revenue by 14.6% year-over-year. EPS +4.9% YoY. Source: 10-Q filed 2025-11-06.

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

DEVON ENERGY CORP/DE (DVN) repurchased $766.0 million of stock over the trailing twelve months. This represents a buyback yield of 2.6%. Source: 10-Q filed 2025-11-06.

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 8.3%, sector median 7.3% (Top 50%). FCF margin 23.9%, sector median 12.3% (Top 50%). 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 2025-11-06.

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Data Source: Data sourced from 10-Q filed 2025-11-06. TTM metrics as of Q2 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.