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Devon Energy DVN Debt-to-equity

Debt-to-equity at other companies

Occidental Petroleum logo
Occidental PetroleumOXY
0.5×-0.3×
EOG Resources logo
EOG ResourcesEOG
0.3×+0.1×
Oneok logo
OneokOKE
1.4×0.0×
Permian Resources logo
Permian ResourcesPR
0.3×-0.1×
EQT Corporation logo
EQT CorporationEQT
0.2×-0.2×
Imperial Oil logo
Imperial OilIMO
0.2×0.0×

Other financials

Income statement

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Revenue$3.8B-14.5%
Net income$120.0M-75.7%
EPS (diluted)$0.19-75.3%

Balance sheet

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Total debt$8.7B-3.5%
Total equity$15.4B+6.1%
Total assets$32.5B+5.2%

Cash flow

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Operating cash flow$1.7B-14.8%
CapEx$839.0M-10.2%
Free cash flow$816.0M-19.1%

Valuation

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Market cap$49.11B+28.7%
P/E21.7×+8.0×
P/S+0.7×

Profitability

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Gross margin63.5%
Operating margin-76.3%
Net margin13.7%-2.9pp

Returns & leverage

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Return on equity15.1%-5.8pp
Current ratio-0.1×

Where this comes from

Calculated from Devon Energy’s reported figures.

Based on the most recent quarter.

The official record: Devon Energy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Devon Energy's debt-to-equity?
Devon Energy (DVN) reported debt-to-equity of 0.6× in Q1 2026.
How has Devon Energy's debt-to-equity changed year-over-year?
Devon Energy's debt-to-equity decreased by 9.0% year-over-year, from 0.6× to 0.6×.
What is the long-term trend for Devon Energy's debt-to-equity?
Over 4 years (2021 to 2025), Devon Energy's debt-to-equity has grown at a -7.5% compound annual growth rate (CAGR), from 3.2× to 2.3×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.