D

DEVON ENERGY CORP/DE

DVN · CIK 0001090012

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$16.79B5.4%
FY2025
Net income (FY)
$2.64B8.6%
FY2025
Free cash flow (FY)
$3.12B5.5%
FY2025
Diluted EPS (FY)
$4.178.6%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
−$10B$0$10B$20BFY2007 · Revenue $9.97B · Net income $3.61B · 0000950123-10-017093 · filed 2010-02-25FY07Revenue $9.97BNet income $3.61B0000950123-10-017093 · filed 2010-02-25FY2008 · Revenue $13.86B · Net income −$2.15B · 0000950123-11-018537 · filed 2011-02-25FY08Revenue $13.86BNet income −$2.15B0000950123-11-018537 · filed 2011-02-25FY2009 · Revenue $8.02B · Net income −$2.48B · 0001193125-12-077085 · filed 2012-02-24FY09Revenue $8.02BNet income −$2.48B0001193125-12-077085 · filed 2012-02-24FY2010 · Revenue $9.94B · Net income $4.55B · 0001193125-13-068817 · filed 2013-02-21FY10Revenue $9.94BNet income $4.55B0001193125-13-068817 · filed 2013-02-21FY2011 · Revenue $11.45B · Net income $4.70B · 0001193125-14-076267 · filed 2014-02-28FY11Revenue $11.45BNet income $4.70B0001193125-14-076267 · filed 2014-02-28FY2012 · Revenue $9.50B · Net income −$206.0M · 0001193125-15-056497 · filed 2015-02-20FY12Revenue $9.50BNet income −$206.0M0001193125-15-056497 · filed 2015-02-20FY2013 · Revenue $10.40B · Net income −$20.0M · 0001193125-16-466687 · filed 2016-02-17FY13Revenue $10.40BNet income −$20.0M0001193125-16-466687 · filed 2016-02-17FY2014 · Revenue $20.64B · Net income $1.61B · 0001564590-17-001607 · filed 2017-02-15FY14Revenue $20.64BNet income $1.61B0001564590-17-001607 · filed 2017-02-15FY2015 · Revenue $13.14B · Net income −$12.90B · 0001564590-18-002582 · filed 2018-02-21FY15Revenue $13.14BNet income −$12.90B0001564590-18-002582 · filed 2018-02-21FY2016 · Revenue $2.77B · Net income −$1.06B · 0001564590-19-003382 · filed 2019-02-20FY16Revenue $2.77BNet income −$1.06B0001564590-19-003382 · filed 2019-02-20FY2017 · Revenue $3.51B · Net income $898.0M · 0001564590-20-005182 · filed 2020-02-19FY17Revenue $3.51BNet income $898.0M0001564590-20-005182 · filed 2020-02-19FY2018 · Revenue $8.44B · Net income $3.06B · 0001564590-21-006239 · filed 2021-02-17FY18Revenue $8.44BNet income $3.06B0001564590-21-006239 · filed 2021-02-17FY2019 · Revenue $6.67B · Net income −$355.0M · 0001564590-22-005321 · filed 2022-02-16FY19Revenue $6.67BNet income −$355.0M0001564590-22-005321 · filed 2022-02-16FY2020 · Revenue $4.67B · Net income −$2.68B · 0000950170-23-002852 · filed 2023-02-15FY20Revenue $4.67BNet income −$2.68B0000950170-23-002852 · filed 2023-02-15FY2021 · Revenue $13.75B · Net income $2.81B · 0000950170-24-021781 · filed 2024-02-28FY21Revenue $13.75BNet income $2.81B0000950170-24-021781 · filed 2024-02-28FY2022 · Revenue $19.83B · Net income $6.01B · 0000950170-25-022844 · filed 2025-02-19FY22Revenue $19.83BNet income $6.01B0000950170-25-022844 · filed 2025-02-19FY2023 · Revenue $15.14B · Net income $3.75B · 0001193125-26-056485 · filed 2026-02-18FY23Revenue $15.14BNet income $3.75B0001193125-26-056485 · filed 2026-02-18FY2024 · Revenue $15.92B · Net income $2.89B · 0001193125-26-056485 · filed 2026-02-18FY24Revenue $15.92BNet income $2.89B0001193125-26-056485 · filed 2026-02-18FY2025 · Revenue $16.79B · Net income $2.64B · 0001193125-26-056485 · filed 2026-02-18FY25Revenue $16.79BNet income $2.64B0001193125-26-056485 · filed 2026-02-18FY25Revenue $16.79BNet income $2.64B0001193125-26-056485 · filed 2026-02-18FY07FY10FY13FY16FY19FY22FY25

revenue 1.7× since FY2007 · net margin 36.2% → 15.7%

MarginsNet marginFCF margin
-100%0%FY2007 · Net margin 36.2% · FCF margin 9.4%FY07Net margin 36.2%FCF margin 9.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin -15.5% · FCF margin 4.1%FY08Net margin -15.5%FCF margin 4.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin -30.9% · FCF margin -1.8%FY09Net margin -30.9%FCF margin -1.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 45.8% · FCF margin -10.0%FY10Net margin 45.8%FCF margin -10.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 41.1% · FCF margin -11.4%FY11Net margin 41.1%FCF margin -11.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin -2.2% · FCF margin -34.4%FY12Net margin -2.2%FCF margin -34.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin -0.2% · FCF margin 49.8%FY13Net margin -0.2%FCF margin 49.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 7.8% · FCF margin -2.3%FY14Net margin 7.8%FCF margin -2.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin -98.1% · FCF margin 28.8%FY15Net margin -98.1%FCF margin 28.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin -38.1% · FCF margin 23.5%FY16Net margin -38.1%FCF margin 23.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 25.6% · FCF margin 81.6%FY17Net margin 25.6%FCF margin 81.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 36.3% · FCF margin 18.1%FY18Net margin 36.3%FCF margin 18.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin -5.3% · FCF margin 30.1%FY19Net margin -5.3%FCF margin 30.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -57.4% · FCF margin 6.7%FY20Net margin -57.4%FCF margin 6.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 20.5% · FCF margin 21.2%FY21Net margin 20.5%FCF margin 21.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 30.3% · FCF margin 30.2%FY22Net margin 30.3%FCF margin 30.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 24.7% · FCF margin 17.6%FY23Net margin 24.7%FCF margin 17.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 18.2% · FCF margin 18.6%FY24Net margin 18.2%FCF margin 18.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 15.7% · FCF margin 18.6%FY25Net margin 15.7%FCF margin 18.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 15.7%FCF margin 18.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 15.7% · free cash flow 18.6% of revenue

Cash engineOperating cash flowFree cash flow
$0$5B$10BFY2007 · OCF $6.65B · FCF $941.0M · 0000950123-10-017093 · filed 2010-02-25FY07OCF $6.65BFCF $941.0M0000950123-10-017093 · filed 2010-02-25FY2008 · OCF $9.41B · FCF $565.0M · 0000950123-11-018537 · filed 2011-02-25FY08OCF $9.41BFCF $565.0M0000950123-11-018537 · filed 2011-02-25FY2009 · OCF $4.74B · FCF −$142.0M · 0001193125-12-077085 · filed 2012-02-24FY09OCF $4.74BFCF −$142.0M0001193125-12-077085 · filed 2012-02-24FY2010 · OCF $5.48B · FCF −$998.0M · 0001193125-13-068817 · filed 2013-02-21FY10OCF $5.48BFCF −$998.0M0001193125-13-068817 · filed 2013-02-21FY2011 · OCF $6.22B · FCF −$1.31B · 0001193125-14-076267 · filed 2014-02-28FY11OCF $6.22BFCF −$1.31B0001193125-14-076267 · filed 2014-02-28FY2012 · OCF $4.96B · FCF −$3.27B · 0001193125-15-056497 · filed 2015-02-20FY12OCF $4.96BFCF −$3.27B0001193125-15-056497 · filed 2015-02-20FY2013 · OCF $5.44B · FCF $5.18B · 0001193125-15-056497 · filed 2015-02-20FY13OCF $5.44BFCF $5.18B0001193125-15-056497 · filed 2015-02-20FY2014 · OCF $5.98B · FCF −$481.0M · 0001193125-15-056497 · filed 2015-02-20FY14OCF $5.98BFCF −$481.0M0001193125-15-056497 · filed 2015-02-20FY2015 · OCF $4.90B · FCF $3.79B · 0001564590-18-002582 · filed 2018-02-21FY15OCF $4.90BFCF $3.79B0001564590-18-002582 · filed 2018-02-21FY2016 · OCF $1.50B · FCF $651.0M · 0001564590-18-002582 · filed 2018-02-21FY16OCF $1.50BFCF $651.0M0001564590-18-002582 · filed 2018-02-21FY2017 · OCF $2.91B · FCF $2.87B · 0001564590-18-002582 · filed 2018-02-21FY17OCF $2.91BFCF $2.87B0001564590-18-002582 · filed 2018-02-21FY2018 · OCF $1.58B · FCF $1.53B · 0001564590-21-006239 · filed 2021-02-17FY18OCF $1.58BFCF $1.53B0001564590-21-006239 · filed 2021-02-17FY2019 · OCF $2.04B · FCF $2.01B · 0001564590-22-005321 · filed 2022-02-16FY19OCF $2.04BFCF $2.01B0001564590-22-005321 · filed 2022-02-16FY2020 · OCF $1.46B · FCF $311.0M · 0000950170-23-002852 · filed 2023-02-15FY20OCF $1.46BFCF $311.0M0000950170-23-002852 · filed 2023-02-15FY2021 · OCF $4.90B · FCF $2.91B · 0000950170-24-021781 · filed 2024-02-28FY21OCF $4.90BFCF $2.91B0000950170-24-021781 · filed 2024-02-28FY2022 · OCF $8.53B · FCF $5.99B · 0000950170-25-022844 · filed 2025-02-19FY22OCF $8.53BFCF $5.99B0000950170-25-022844 · filed 2025-02-19FY2023 · OCF $6.54B · FCF $2.66B · 0001193125-26-056485 · filed 2026-02-18FY23OCF $6.54BFCF $2.66B0001193125-26-056485 · filed 2026-02-18FY2024 · OCF $6.60B · FCF $2.96B · 0001193125-26-056485 · filed 2026-02-18FY24OCF $6.60BFCF $2.96B0001193125-26-056485 · filed 2026-02-18FY2025 · OCF $6.71B · FCF $3.12B · 0001193125-26-056485 · filed 2026-02-18FY25OCF $6.71BFCF $3.12B0001193125-26-056485 · filed 2026-02-18FY25OCF $6.71BFCF $3.12B0001193125-26-056485 · filed 2026-02-18’09’13’17’21’25

FY2025: $6.71B operating cash − $3.59B capex = $3.12B free cash flow

Returns on capitalReturn on equityReturn on assets
-100%0%FY2008 · ROE -12.6% · ROA -6.7%FY08ROE -12.6%ROA -6.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE -15.9% · ROA -8.4%FY09ROE -15.9%ROA -8.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 23.6% · ROA 13.8%FY10ROE 23.6%ROA 13.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 22.0% · ROA 11.4%FY11ROE 22.0%ROA 11.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE -1.0% · ROA -0.5%FY12ROE -1.0%ROA -0.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE -0.1% · ROA -0.0%FY13ROE -0.1%ROA -0.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 7.5% · ROA 3.2%FY14ROE 7.5%ROA 3.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE -182.9% · ROA -43.8%FY15ROE -182.9%ROA -43.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE -12.8% · ROA -3.7%FY16ROE -12.8%ROA -3.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 9.7% · ROA 3.0%FY17ROE 9.7%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 33.4% · ROA 15.7%FY18ROE 33.4%ROA 15.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE -6.1% · ROA -2.6%FY19ROE -6.1%ROA -2.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -92.9% · ROA -27.0%FY20ROE -92.9%ROA -27.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 30.4% · ROA 13.4%FY21ROE 30.4%ROA 13.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 53.9% · ROA 25.4%FY22ROE 53.9%ROA 25.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 31.1% · ROA 15.3%FY23ROE 31.1%ROA 15.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 19.9% · ROA 9.5%FY24ROE 19.9%ROA 9.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 17.0% · ROA 8.4%FY25ROE 17.0%ROA 8.4%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 17.0%ROA 8.4%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity -13% (FY2008) → 17% (FY2025) · on assets 8.4%

The receipts