Devon Energy Past Earnings Performance

Past criteria checks 2/6

Devon Energy has been growing earnings at an average annual rate of 31.6%, while the Oil and Gas industry saw earnings growing at 25.2% annually. Revenues have been growing at an average rate of 16.5% per year. Devon Energy's return on equity is 19%, and it has net margins of 17.7%.

Key information

31.60%

Earnings growth rate

36.57%

EPS growth rate

Oil and Gas Industry Growth	27.84%
Revenue growth rate	16.47%
Return on equity	18.99%
Net Margin	17.66%
Next Earnings Update	05 Nov 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Devon Energy makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BIT:1DY6 Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 25	16,105	2,844	561
31 Mar 25	15,943	2,789	545
31 Dec 24	15,171	2,891	528
30 Sep 24	14,529	3,404	476
30 Jun 24	14,941	3,502	457
31 Mar 24	14,386	3,356	442
31 Dec 23	14,427	3,747	428
30 Sep 23	14,930	3,789	448
30 Jun 23	16,084	4,755	445
31 Mar 23	18,289	5,972	437
31 Dec 22	19,827	5,958	424
30 Sep 22	18,785	6,251	385
30 Jun 22	17,402	5,207	384
31 Mar 22	14,802	3,545	387
31 Dec 21	13,750	2,783	405
30 Sep 21	10,413	1,218	388
30 Jun 21	7,766	279	368
31 Mar 21	5,535	-653	359
31 Dec 20	4,673	-2,556	353
30 Sep 20	4,789	-2,469	415
30 Jun 20	5,196	-2,226	449
31 Mar 20	6,085	-1,398	481
31 Dec 19	6,674	-83	515
30 Sep 19	7,679	1,163	510
30 Jun 19	8,194	1,157	532
31 Mar 19	8,450	421	556
31 Dec 18	8,439	546	607
30 Sep 18	8,084	-786	687
30 Jun 18	7,895	-743	764
31 Mar 18	8,161	27	838
31 Dec 17	6,340	-148	774
30 Sep 17	9,097	3,223	1,201
30 Jun 17	9,974	4,032	1,131
31 Mar 17	10,442	2,289	1,060
31 Dec 16	6,604	-174	871
30 Sep 16	10,187	-8,168	676
30 Jun 16	10,562	-12,658	733
31 Mar 16	11,586	-13,915	798
31 Dec 15	12,938	-12,901	1,384
30 Sep 15	13,708	-10,330	913
30 Jun 15	15,157	-5,816	910
31 Mar 15	16,450	-2,332	887
31 Dec 14	17,217	1,590	825

Quality Earnings: 1DY6 has high quality earnings.

Growing Profit Margin: 1DY6's current net profit margins (17.7%) are lower than last year (23.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 1DY6 has become profitable over the past 5 years, growing earnings by 31.6% per year.

Accelerating Growth: 1DY6's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1DY6 had negative earnings growth (-18.8%) over the past year, making it difficult to compare to the Oil and Gas industry average (-30.3%).

Return on Equity

High ROE: 1DY6's Return on Equity (19%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/06 17:07
End of Day Share Price	2025/10/03 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Devon Energy Corporation is covered by 78 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
William Selesky	Argus Research Company
Hsulin Peng	Baird
Ishan Majumdar	Baptista Research