Devon Energy Corporation

DVN

Oil & Gas Exploration & Production · Energy

Also trades as: 0I8W.L

Price

$49.10

-0.20 (-0.41%)

Market Cap

$54.01B

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Strong

Growth

Mixed

Cash Flow

Strong

Stability

Exceptional

Valuation

Strong

Dividends

Mixed

Track this stock — start free trial

Share count falling — buybacks

−5.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 665.0M (2021) → 629.0M (2025)

Winston Score History

The full picture

Devon Energy is an American oil and natural gas company. It finds oil and gas underground, pulls it out, and sells it to refiners, utilities, and other energy companies. Devon operates entirely in the United States, with its most important fields located in the Permian Basin in Texas and New Mexico, as well as Oklahoma, Wyoming, and Montana.

Devon makes money by selling the oil, natural gas, and natural gas liquids it produces. Revenue rises and falls with commodity prices, which Devon does not control. The company is a mid-to-large independent producer with a market cap around $29 billion, and it competes on cost efficiency rather than unique technology. Devon uses a "fixed-plus-variable" dividend model, paying shareholders more when oil prices are high and less when they fall. The biggest risk the business faces is a sustained drop in oil and gas prices, which would directly shrink revenue, profits, and the variable portion of its dividend.

Politician Trades

8 trades / 12mo

3 Congressional buys and 4 sells on DVN in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+73.1% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+43.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

0.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~16 months

$2.0B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Revenue accelerating

Devon Energy Corporation grew revenue 73% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

56.0%

Premium pricing power — 56.0% gross margin

Profit after running costs

Operating Margin

34.5%

Excellent — 34.5% operating margin

Return on the money invested

ROCE

8.8%

Below par — 8.8% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+14.6%

Fast-growing sales (+14.6% YoY)

Profit growth

EPS YoY

-5.6%

Earnings shrinking (-5.6% YoY)

Slight earnings drop. Typical near a cyclical low.

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

261%

Turns 261% of profit into real cash

Spare cash per sale

FCF Margin

8.5%

Modest free cash flow (8.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.27

Conservative — low debt load (0.27)

Covers its interest

Interest Cover

9.19x

Comfortably covers interest (9.2x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

11.6x

Attractive valuation — P/E 11.6

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+4.1

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (11.6 → 7.5)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

2.30%

Moderate income — 2.30% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

-8.8%

Dividend cut (-8.8% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial