Is Devon Energy (DVN) overvalued or fairly valued?

MarketChacha shows Devon Energy's valuation in context — a trailing P/E of about 10.2, a forward P/E of about 8.9, a price-to-book of about 1.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Devon Energy's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.14×) from reported figures — education, not a rating.

What is Devon Energy's revenue?

Devon Energy reported revenue of $16.8B for FY2025, with net profit of $2.6B, per official filings.

What is the share price of Devon Energy (DVN)?

Devon Energy last traded at $48.20 (-1.2% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Devon Energy

DVN · NYSE · Energy · United States

Snapshot

TickerDVN

ExchangeNYSE

SectorEnergy

IndustryOil & Gas E&P

CountryUnited States

Employees2,200

HeadquartersHouston, United States

Websitewww.devonenergy.com

Filings tracked24

About Devon Energy

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Houston, Texas.

Who owns it

Insiders0.7%
Institutions94.7%
Public & other4.6%

1,881 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.8.67%
Vanguard Capital Management LLC6.85%
State Street Corporation6.65%
Vanguard Portfolio Management LLC5.21%
Wellington Management Group, LLP4.68%
Charles Schwab Investment Management, Inc.3.48%
Geode Capital Management, LLC2.77%
Davis Selected Advisers2.30%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 9.0 points over the period — profitability is trending down.

Cash conversion2.14×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend24.7% → 15.7%

Margin has compressed by about 9.0 points over the period — profitability is trending down.

Return on equity17.0%

Latest ROE of 17.0% — capital is generating a healthy return.

Growth qualityrev 5% · PAT -16%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $6.9B · EPS 1.31

Est. earnings growth +60.1%

Next fiscal year

Rev $25.9B · EPS 4.75

Est. earnings growth +0.4%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$16.8B

Net margin

15.7%

ROE

17.0%

Revenue CAGR (2y)

+5.3%

Profit CAGR (2y)

-16.0%

EPS (FY2025)

4.17

Net profit (FY2025)

$2.6B

Ask MarketChacha about DVN

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$16.8B	$2.6B	4.17	15.7%	17.0%
FY2024	$15.9B	$2.9B	4.56	18.2%	19.9%
FY2023	$15.1B	$3.7B	5.84	24.7%	31.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$7.0B	$1.9B	2.03	27.3%
2026Q1	$4.5B	$120.0M	0.19	2.7%
2025Q3	$4.3B	$687.0M	1.09	16.2%
2025Q2	$4.0B	$899.0M	1.41	22.2%
2025Q1	$4.5B	$494.0M	0.77	10.9%
2024Q3	$3.8B	$812.0M	1.30	21.4%
2024Q2	$3.9B	$844.0M	1.34	21.7%
2024Q1	$3.7B	$596.0M	0.94	15.9%
2023Q3	$4.0B	$910.0M	1.42	22.6%
2023Q2	$3.5B	$690.0M	1.07	19.5%
2023Q1	$3.8B	$995.0M	1.53	26.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/5/2026
8-K — Results of operations, Exhibits
SEC8/4/2026material
8-K — Shareholder vote results
SEC6/30/2026material
8-K — Material agreement, Material financial obligation, Other events, Exhibits
SEC6/25/2026material
8-K — Other events, Exhibits
SEC6/5/2026material
8-K — Other events, Exhibits
SEC5/22/2026material
8-K — Reg FD disclosure, Other events, Exhibits
SEC5/21/2026material
8-K — Completion of acquisition/disposition, Executive/director change, Bylaw/charter change, Reg FD disclosure, Exhibits
SEC5/7/2026material
10-Q filing
SEC5/6/2026
8-K — Shareholder vote results, Exhibits
SEC5/5/2026material
8-K — Results of operations, Exhibits
SEC5/5/2026material
8-K — Other events
SEC4/24/2026material
10-K/A filing
SEC4/21/2026
8-K — Other events, Exhibits
SEC4/10/2026material
8-K — Other events
SEC4/2/2026material
8-K — Material agreement, Exhibits
SEC3/24/2026material
10-K filing
SEC2/18/2026
8-K — Results of operations, Exhibits
SEC2/17/2026material
8-K — Material agreement, Executive/director change, Reg FD disclosure, Exhibits
SEC2/2/2026material

2025

10-Q filing
SEC11/6/2025
8-K — Results of operations, Exhibits
SEC11/5/2025material
8-K — Executive/director change
SEC10/2/2025material
10-Q filing
SEC8/6/2025
8-K — Results of operations, Exhibits
SEC8/5/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.