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Devon Energy DVN Return on invested capital

Return on invested capital at other companies

Occidental Petroleum logo
Occidental PetroleumOXY
2.8%-2.9pp
EOG Resources logo
EOG ResourcesEOG
17.6%-4.0pp
Oneok logo
OneokOKE
8.6%-0.2pp
Permian Resources logo
Permian ResourcesPR
8.2%-3.8pp
EQT Corporation logo
EQT CorporationEQT
12.5%+9.0pp
Imperial Oil logo
Imperial OilIMO
24.9%-11.2pp

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
Debt / equity0.6×-0.1×
Current ratio-0.1×

Where this comes from

Calculated from Devon Energy’s reported figures.

Based on trailing twelve months.

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 return on invested capital?
Devon Energy (DVN) reported return on invested capital of 9.6% in Q1 2026.
How has Devon Energy's return on invested capital changed year-over-year?
Devon Energy's return on invested capital decreased by 28.8% year-over-year, from 13.5% to 9.6%.
What is the long-term trend for Devon Energy's return on invested capital?
Over 4 years (2021 to 2025), Devon Energy's return on invested capital has grown at a 14.7% compound annual growth rate (CAGR), from 28.9% to 49.9%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.