Devon Energy (DVN) financials
Devon Energy revenue and earnings by year
Devon Energy's revenue was $17.2 billion in the fiscal year to December 31, 2025, up 7.8% from the year before. Net income was $2.64 billion, 15.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 10.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.2 | 15.9 | 15.3 | 19.2 | 12.2 | 4.8 | 6.2 | 8.9 | 6.5 | 6.8 |
| Revenue growth | 7.8% | 4.5% | -20.4% | 57.0% | 152.8% | -22.4% | -30.1% | 36.8% | -3.7% | — |
| Gross profit | 8.0 | 8.0 | 7.9 | 10.6 | 5.8 | 1.7 | 2.2 | 3.4 | 2.2 | 2.1 |
| Gross margin | 46.5% | 50.0% | 51.9% | 55.3% | 47.8% | 35.0% | 35.5% | 38.5% | 33.1% | 31.5% |
| Operating income | 3.9 | 4.2 | 5.0 | 8.0 | 3.2 | -2.9 | 0.1 | 1.5 | 0.4 | 0.3 |
| Operating margin | 23.0% | 26.2% | 32.6% | 41.7% | 26.1% | -59.1% | 2.3% | 17.1% | 5.6% | 4.2% |
| Net income | 2.6 | 2.9 | 3.7 | 6.0 | 2.8 | -2.7 | -0.4 | 3.1 | 0.9 | -1.1 |
| Net margin | 15.4% | 18.1% | 24.6% | 31.4% | 23.0% | -55.5% | -5.7% | 34.4% | 13.8% | -15.6% |
| Diluted EPS | $4.17 | $4.56 | $5.84 | $9.12 | $4.19 | -$7.12 | -$0.98 | $6.41 | $1.71 | -$6.96 |
| Free cash flow | 3.3 | -0.8 | 2.6 | 3.4 | 3.0 | 0.2 | 0.5 | 1.0 | 1.7 | 0.7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open DVN in Markets.
How Devon Energy makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Oil Gas & NGL Sales | $5.11B | 72.9% |
| Marketing & Midstream Revenues | $1.90B | 27.1% |
See also: DVN valuation and P/E history · DVN returns
No forecast, no recommendation. This page describes Devon Energy from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.