financial statements

The full income statement, balance sheet, and cash-flow statement for Devon Energy Corporation (DVN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	16.8B YoY+5.4%	15.9B YoY+5.1%	15.1B YoY-23.6%	19.8B YoY+44.2%	13.8B YoY+194.2%
	14.5B YoY+11.6%	13.0B YoY+13.3%	11.5B YoY-12.6%	13.1B	—
Selling, general & administrative	492M YoY-1.6%	500M YoY+22.5%	408M YoY+3.3%	395M YoY+1.0%	391M YoY+15.7%
General & administrative	492M YoY-1.6%	500M YoY+22.5%	408M YoY+3.3%	395M YoY+1.0%	391M YoY+15.7%
Restructuring	—	—	0.00	0.00 YoY-100.0%	258M YoY+426.5%
Pre-tax income	3.47B YoY-6.6%	3.71B YoY-19.7%	4.62B YoY-40.5%	7.78B YoY+168.3%	2.90B YoY+193.8%
Income tax	785M YoY+1.9%	770M YoY-8.4%	841M YoY-51.6%	1.74B YoY+2573.8%	65.0M YoY+111.9%
	2.64B YoY-8.7%	2.89B YoY-22.6%	3.74B YoY-38.0%	6.03B YoY+114.8%	2.81B YoY+204.8%
Income from continuing operations	—	—	—	6.04B YoY+113.1%	2.83B YoY+211.4%
Discontinued operations	—	—	—	0.00	0.00 YoY+100.0%
Net income to non-controlling interest	39.0M YoY-23.5%	51.0M YoY+45.7%	35.0M YoY+59.1%	22.0M YoY+10.0%	20.0M YoY+122.2%
	$4.17 YoY-8.6%	$4.56 YoY-21.9%	$5.84 YoY-36.0%	$9.12 YoY+117.7%	$4.19 YoY+158.8%
EPS (basic)	$4.18 YoY-8.7%	$4.58 YoY-21.8%	$5.86 YoY-36.0%	$9.15 YoY+117.9%	$4.20 YoY+159.0%
Weighted-avg shares (basic)	632M YoY+0.0%	632M YoY-1.1%	639M YoY-1.8%	651M YoY-1.8%	663M YoY+75.9%
Weighted-avg shares (diluted)	633M YoY-0.2%	634M YoY-1.2%	642M YoY-1.7%	653M YoY-1.8%	665M YoY+76.4%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.01B YoY+16.9%	3.43B YoY+8.6%	3.16B YoY-18.9%	3.89B YoY-8.4%	4.25B YoY+30.3%
Cash & equivalents	1.38B YoY+70.7%	811M YoY-4.9%	853M YoY-35.1%	1.31B YoY-37.4%	2.10B YoY+2.5%
Short-term investments	869M YoY+0.0%	869M YoY+0.0%	869M YoY+0.0%	869M YoY+0.0%	869M YoY+0.0%
Cash & short-term investments	6.80B YoY+0.0%	6.80B YoY+0.0%	6.80B YoY+0.0%	6.80B YoY+0.0%	6.80B YoY+0.0%
Accounts receivable	1.79B YoY-9.1%	1.97B YoY+25.4%	1.57B YoY-11.0%	1.77B YoY+14.5%	1.54B YoY+156.7%
Inventory	336M YoY+14.3%	294M YoY+18.1%	249M YoY+23.9%	201M YoY+76.3%	114M YoY+3.6%
Other current assets	444M YoY+41.0%	315M YoY-31.5%	460M YoY-1.9%	469M YoY+46.1%	321M YoY+29.4%
	31.6B YoY+3.6%	30.5B YoY+24.5%	24.5B YoY+5.2%	23.3B YoY+10.7%	21.0B YoY+112.1%
Property, plant & equipment	25.4B YoY+1.6%	25.0B YoY+29.4%	19.3B YoY+6.7%	18.1B YoY+20.6%	15.0B YoY+178.3%
Operating lease right-of-use	276M YoY+401.8%	55.0M YoY+161.9%	21.0M YoY+0.0%	21.0M YoY-12.5%	24.0M YoY+700.0%
Goodwill	753M YoY+0.0%	753M YoY+0.0%	753M YoY+0.0%	753M YoY+0.0%	753M YoY+0.0%
Intangible assets	1.47B YoY+0.0%	1.47B YoY+0.0%	1.47B YoY+0.0%	1.47B YoY+0.0%	1.47B YoY+0.0%
Other non-current assets	395M YoY+47.4%	268M YoY-16.0%	319M YoY+3.9%	307M YoY-18.8%	378M YoY+39.5%
	4.09B YoY+23.5%	3.31B YoY+12.2%	2.95B YoY-5.0%	3.10B YoY+0.6%	3.09B YoY+114.4%
Accounts payable	790M YoY-2.0%	806M YoY+6.1%	760M YoY-11.5%	859M YoY+71.8%	500M YoY+106.6%
Short-term & current debt	998M YoY+105.8%	485M YoY+0.4%	483M YoY+92.4%	251M	0.00 YoY-100.0%
Current lease liability	95.0M YoY+239.3%	28.0M YoY+133.3%	12.0M YoY-7.7%	13.0M YoY-27.8%	18.0M YoY+1700.0%
Other current liabilities	807M YoY+37.7%	586M YoY+21.1%	484M YoY-1.0%	489M YoY-56.8%	1.13B YoY+111.0%
Long-term debt	7.39B YoY-12.0%	8.40B YoY+48.1%	5.67B YoY-8.4%	6.19B YoY-4.5%	6.48B YoY+50.8%
Non-current lease liability	181M YoY+570.4%	27.0M YoY+200.0%	9.00M YoY+12.5%	8.00M YoY+60.0%	5.00M YoY+150.0%
Deferred tax liabilities	341M YoY+0.0%	341M YoY+0.0%	341M YoY+0.0%	341M YoY+0.0%	341M YoY+0.0%
Other non-current liabilities	907M YoY+8.0%	840M YoY-4.1%	876M YoY-2.7%	900M YoY-14.3%	1.05B YoY+90.6%
	15.5B YoY+7.1%	14.5B YoY+20.2%	12.1B YoY+8.0%	11.2B YoY+20.6%	9.26B YoY+221.0%
Common stock	62.0M YoY-4.6%	65.0M YoY+1.6%	64.0M YoY-1.5%	65.0M YoY-1.5%	66.0M YoY+73.7%
Additional paid-in capital	5.39B YoY-15.6%	6.39B YoY+7.5%	5.94B YoY-14.2%	6.92B YoY-9.4%	7.64B YoY+176.1%
Retained earnings	10.2B YoY+24.9%	8.17B YoY+31.8%	6.20B YoY+44.2%	4.30B YoY+154.0%	1.69B YoY+713.5%
Treasury stock	0.00	0.00 YoY-100.0%	13.0M	0.00	0.00 YoY-100.0%
Accumulated other comprehensive income	-122M YoY+0.0%	-122M YoY+1.6%	-124M YoY-6.9%	-116M YoY+12.1%	-132M YoY-3.9%
Non-controlling interest	0.00 YoY-100.0%	208M YoY+33.3%	156M YoY+20.9%	129M YoY-5.8%	137M YoY+2.2%
Total equity incl. non-controlling	15.5B YoY+5.6%	14.7B YoY+20.4%	12.2B YoY+8.2%	11.3B YoY+20.2%	9.40B YoY+211.3%
Total liabilities & equity	31.6B YoY+3.6%	30.5B YoY+24.5%	24.5B YoY+3.2%	23.7B YoY+12.8%	21.0B YoY+112.1%
Common shares issued	622M YoY-4.5%	651M YoY+2.4%	636M YoY-2.6%	653M YoY-1.5%	663M YoY+73.6%
Shares outstanding (cover)	627M YoY-4.5%	657M YoY+2.5%	641M YoY-2.0%	654M YoY-3.4%	677M YoY+77.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	6.71B YoY+1.7%	6.60B YoY+0.9%	6.54B YoY-23.3%	8.53B YoY+74.1%	4.90B YoY+234.6%
Depreciation & amortization	3.60B YoY+10.4%	3.25B YoY+27.4%	2.55B YoY+14.9%	2.22B YoY+3.0%	2.16B YoY+66.0%
Share-based compensation	99.0M YoY+0.0%	99.0M YoY+6.5%	93.0M YoY+5.7%	88.0M YoY-11.1%	99.0M YoY+12.5%
Deferred income taxes	484M YoY+55.6%	311M YoY-17.3%	376M YoY-68.1%	1.18B YoY+2306.1%	49.0M YoY+114.9%
Change in receivables	-183M YoY-207.6%	170M YoY+189.0%	-191M YoY-234.5%	142M YoY-73.0%	526M YoY+327.7%
Other operating activities	-67.0M YoY-770.0%	10.0M YoY+300.0%	-5.00M YoY+50.0%	-10.0M YoY-166.7%	15.0M YoY+200.0%
	-3.39B YoY+53.7%	-7.33B YoY-86.0%	-3.94B YoY+23.1%	-5.12B YoY-225.5%	-1.57B
Capital expenditure	3.59B YoY-1.5%	3.65B YoY-6.1%	3.88B YoY+52.8%	2.54B YoY+27.8%	1.99B YoY+72.5%
Purchases of investments	62.0M YoY-47.5%	118M YoY+122.6%	53.0M YoY-30.3%	76.0M YoY+204.0%	25.0M
Proceeds from sale of PP&E	545M YoY+2170.8%	24.0M YoY-7.7%	26.0M YoY-33.3%	39.0M YoY-50.6%	79.0M YoY+132.4%
	-2.73B YoY-486.7%	706M YoY+122.2%	-3.18B YoY+24.4%	-4.21B YoY-28.0%	-3.29B
Long-term debt issued	0.00 YoY-100.0%	3.22B	0.00	0.00	—
Long-term debt repaid	485M YoY+2.8%	472M YoY+95.0%	242M	0.00 YoY-100.0%	1.24B
Common stock repurchased	1.05B YoY-0.7%	1.06B YoY+8.0%	979M YoY+36.4%	718M YoY+21.9%	589M YoY+1450.0%
Dividends paid	—	937M YoY-49.6%	1.86B YoY-45.0%	3.38B YoY+157.0%	1.31B YoY+411.7%
FX effect on cash	0.00 YoY+100.0%	-3.00M YoY-200.0%	3.00M YoY+127.3%	-11.0M YoY-1200.0%	1.00M
Net change in cash	588M YoY+2127.6%	-29.0M YoY+95.0%	-579M YoY+29.1%	-817M YoY-2502.9%	34.0M YoY-91.3%
Interest paid	509M YoY+39.1%	366M YoY-3.2%	378M YoY+2.2%	370M YoY-8.4%	404M YoY+56.0%
Income taxes paid	186M YoY-61.3%	480M YoY+20.0%	400M YoY-8.7%	438M YoY+477.6%	-116M YoY-167.8%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	23.0B YoY+6.9%	21.5B YoY-25.9%	29.0B YoY-27.8%	40.2B YoY+34.8%	29.8B YoY+393.1%
P/E	8.7× YoY+17.0%	7.4× YoY-2.4%	7.6× YoY+19.4%	6.4× YoY-39.9%	10.6×
P/S	1.4× YoY+1.4%	1.4× YoY-27.1%	1.9× YoY-9.3%	2.0× YoY-5.9%	2.2× YoY+67.6%
P/B	1.5× YoY-0.2%	1.5× YoY-40.5%	2.5× YoY-32.7%	3.7× YoY+15.0%	3.2× YoY+53.6%
P/FCF	7.4× YoY+1.3%	7.3× YoY-26.3%	9.9× YoY+46.6%	6.7× YoY-34.3%	10.2× YoY-47.3%
Earnings yield	11.5% YoY-14.5%	13.5% YoY+2.4%	13.1% YoY-16.2%	15.7% YoY+66.5%	9.4%
FCF yield	13.6% YoY-1.2%	13.7% YoY+35.6%	10.1% YoY-31.8%	14.9% YoY+52.3%	9.8% YoY+89.7%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: DVN's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DVN filings on SEC EDGAR → Not investment advice.

DVN▼ financial statements

About this data

financial statements