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Devon Energy Corporation (DVN) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for DVN. Market data source · as of 2026-06-30.

Section freshness

Price Aug 12, 10:31 AM EDT · Statements Jun 29, 8:00 PM EDT

Financial read

DVN latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$7.00B

+73.0% YoY

Net income

$1.91B

+1492.5% QoQ

Net margin

27.29%

Balance sheet coverage

DVN balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-06-30

Open balance sheet table

Latest period

Q2 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$70.89B

Liabilities —

Cash / debt

$950.00M

Net cash -$8.94B

Equity / working capital

$41.75B

Working capital -$1.99B

Financial statements

DVN statement coverage.

Income statement, balance sheet, and cash-flow figures for DVN, with quarterly and annual history in the tables below.

Data last updated

Jun 29, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual DVN statements, sourced from Market data source · as of 2026-06-30.

Financial statement period

DVN statement history

Market data source · as of 2026-06-30 · Data last updated: Jun 29, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends20 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Revenue	Net income	Net margin	Revenue QoQ	Net income QoQ
Q2 FY2026	$7.00B	$1.91B	27.29%	+55.3%	+1492.5%
Q1 FY2026	$4.51B	$120.00M	2.66%	+14.5%	-78.6%
Q4 FY2025	$3.94B	$562.00M	14.27%	-7.4%	-18.2%
Q3 FY2025	$4.25B	$687.00M	16.16%	+5.0%	-23.6%
Q2 FY2025	$4.05B	$899.00M	22.21%	-11.0%	+82.0%
Q1 FY2025	$4.55B	$494.00M	10.86%	+1.4%	-22.9%
Q4 FY2024	$4.49B	$641.00M	14.29%	+18.2%	-21.1%
Q3 FY2024	$3.80B	$812.00M	21.39%	-2.5%	-3.8%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total debt	Total equity	Debt QoQ
Q2 FY2026	$950.00M	$5.05B	$7.04B	$70.89B	$9.89B	$41.75B	+33.9%
Q1 FY2026	$1.76B	$4.76B	$4.73B	$32.54B	$7.39B	$15.43B	-0.1%
Q4 FY2025	$1.38B	$4.01B	$4.09B	$31.60B	$7.39B	$15.53B	-0.0%
Q3 FY2025	$1.23B	$3.87B	$4.04B	$31.22B	$7.39B	$15.35B	-11.9%
Q2 FY2025	$1.71B	$4.32B	$3.54B	$31.39B	$8.39B	$15.06B	-0.0%
Q1 FY2025	$1.20B	$3.90B	$3.62B	$30.93B	$8.39B	$14.54B	-0.0%
Q4 FY2024	$811.00M	$3.43B	$3.31B	$30.49B	$8.40B	$14.50B	-5.5%
Q3 FY2024	$645.00M	$3.23B	$2.91B	$30.26B	$8.88B	$14.28B	+56.8%

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 20 Quarterly

Period	Operating cash flow	Net income	Dividends paid	Buybacks
Q2 FY2026	$3.67B	$1.91B		$197.00M
Q1 FY2026	$1.66B	$120.00M		$69.00M
Q4 FY2025	$1.53B	$562.00M	-$151.00M	$250.00M
Q3 FY2025	$1.69B	$687.00M	$151.00M	$250.00M
Q2 FY2025	$1.54B	$899.00M		$249.00M
Q1 FY2025	$1.94B	$494.00M		$301.00M
Q4 FY2024	$1.66B	$641.00M	$143.00M	$301.00M
Q3 FY2024	$1.66B	$812.00M	$272.00M	$295.00M

Valuation and returns

Enterprise value: $58.45B; TECHi computed

Return on equity: 7.86%; Market data source

Return on assets: 4.63%; Market data source

Debt / equity: 0.24; Current ratio 0.72

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $16.79B; Annual statement 2025-12-31

Annual income base: $2.64B; Annual statement 2025-12-31

Market cap / annual revenue: 2.95; Live market value divided by annual revenue

Market cap / annual income: 18.74; Live market value divided by annual net income

Annual sales and income multiple

EV / annual revenue3.48

Market capitalization bridge

Market cap / annual revenue2.95

Market cap / annual income18.74

TTM valuation multiples

TTM revenue: $19.70B; Trailing twelve months

Market cap / TTM revenue: 2.51; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 2.97; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

Market cap / TTM net income15.09

Revenue, net income, and free cash flow

Revenue$7.00BNet income$1.91B

Q1 FY2025Q4 FY2025Q2 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Revenue growth YoY+73.0%

Debt growth YoY+17.8%

Operating expense growth YoY+63.5%

Quarterly margin heatmap

Gross margin

Q1 FY2025

—

Q2 FY2025

—

Q3 FY2025

—

Q4 FY2025

—

Q1 FY2026

—

Q2 FY2026

—

Operating margin

Q1 FY2025

—

Q2 FY2025

—

Q3 FY2025

—

Q4 FY2025

—

Q1 FY2026

—

Q2 FY2026

—

Net margin

Q1 FY2025

10.86%

Q2 FY2025

22.21%

Q3 FY2025

16.16%

Q4 FY2025

14.27%

Q1 FY2026

2.66%

Q2 FY2026

27.29%

Latest quarter expense mix

Operating expenses$5.51B

Profit bridge

Pretax income$2.38B

Tax expense$473.00M

Other income statement lines

Income before tax$2.38B

Income tax expense$473.00M

Balance sheet · Q2 FY2026

Cash & equivalents: $950.00M

Total debt: $9.89B

Net cash: -$8.94B; Net debt position

Total equity: $41.75B

Balance sheet detail

Current assets: $5.05B

Current liabilities: $7.04B

Inventory: $356.00M

Receivables: $3.16B

Property, plant & equipment: $63.10B

Long-term debt: $9.89B

Debt and liquidity

Debt / revenuei0.50

Debt / income3.02

Cash / debt0.10

Quick ratioi0.58

Cash + short-term investments + receivables / current liabilities

Cash generation

Operating cash flow: $3.67B

Capital returned: $197.00M; Buybacks + dividends paid

Cash-flow detail

Depreciation & amortization: $1.42B

Investing cash flow: -$3.38B

Financing cash flow: -$1.11B

Buybacks: $197.00M

Net buybacks: $197.00M; Repurchases less stock issuance

Frequently asked

Common questions.

What financial data is available for DVN?

The DVN Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Devon Energy Corporation. Missing modules and empty line items are omitted.

How current are DVN's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is Devon Energy Corporation's reported net margin?

Devon Energy Corporation's fresh reported margin field is 16.65%. The Financials page shows the supporting period data currently available for DVN.