Free cash flow
Devon Energy Free cash flow increased by 16.2% to $816.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 19.0%, from $1.01B to $816.00M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows relatively stable performance with a 1.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $589.00M | $1.12B | $1.10B | $1.30B | $2.11B | $1.48B | $1.11B | $665.00M | $326.00M | $843.00M | $827.00M | $844.00M | $587.00M | $786.00M | $738.00M | $1.01B | $589.00M | $820.00M | $702.00M | $816.00M |
| QoQ Change | — | +90.8% | -1.8% | +17.8% | +61.9% | -29.9% | -25.0% | -39.9% | -51.0% | +158.6% | -1.9% | +2.1% | -30.5% | +33.9% | -6.1% | +36.6% | -41.6% | +39.2% | -14.4% | +16.2% |
| YoY Change | — | — | — | — | +257.4% | +31.3% | +0.3% | -48.8% | -84.5% | -42.9% | -25.3% | +26.9% | +80.1% | -6.8% | -10.8% | +19.4% | +0.3% | +4.3% | -4.9% | -19.0% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Devon Energy's free cash flow?
- Devon Energy (DVN) reported free cash flow of $816.00M in Q1 2026.
- How has Devon Energy's free cash flow changed year-over-year?
- Devon Energy's free cash flow decreased by 19.0% year-over-year, from $1.01B to $816.00M.
- What is the long-term trend for Devon Energy's free cash flow?
- Over 4 years (2021 to 2025), Devon Energy's free cash flow has grown at a 1.7% compound annual growth rate (CAGR), from $2.91B to $3.12B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.