Last 48 quarters of trend data · Energy · Oil & Gas Producers
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.02 | 10.76 | 5.09 | 66.21 | 10.18 | 8.04 | 5.64 | 12.14 | 8.27 | 7.52 | 8.84 | 13.35 | 6.26 | 8.40 | 11.19 | 8.22 | 8.45 | 5.20 | 4.70 | 9.92 | 4.94 |
| — | +33.8% | -9.8% | +445.3% | +23.1% | +6.9% | -36.2% | -9.0% | +32.1% | -10.4% | -21.0% | +62.4% | -25.9% | +61.4% | +138.0% | -17.2% | +71.1% | -27.3% | -75.5% | -41.9% | — | |
| P/S Ratio | 1.33 | 1.58 | 1.31 | 2.06 | 1.38 | 1.29 | 1.18 | 1.35 | 1.16 | 1.51 | 1.90 | 2.20 | 1.74 | 1.89 | 2.21 | 2.18 | 2.31 | 1.90 | 1.45 | 2.03 | 1.74 |
| — | +22.5% | +10.9% | +51.7% | +19.4% | -15.0% | -37.9% | -38.6% | -33.6% | -19.7% | -14.1% | +1.2% | -24.7% | -0.9% | +52.4% | +7.2% | +32.7% | +20.0% | -8.7% | +59.3% | +40.2% | |
| P/B Ratio | 1.71 | 1.03 | 0.93 | 2.03 | 1.47 | 1.45 | 1.32 | 1.63 | 1.39 | 1.68 | 2.34 | 2.57 | 2.37 | 2.59 | 2.77 | 2.95 | 3.57 | 3.58 | 3.56 | 4.17 | 3.15 |
| — | -29.1% | -29.7% | +24.2% | +5.8% | -13.7% | -43.4% | -36.5% | -41.4% | -34.9% | -15.6% | -12.9% | -33.7% | -27.8% | -22.1% | -29.2% | +13.1% | +34.7% | +53.2% | +146.7% | +57.3% | |
| P/FCF | 13.45 | 8.05 | — | 12.50 | 9.48 | 6.80 | 8.59 | 6.03 | 8.20 | — | 14.42 | 9.48 | 8.76 | 9.29 | 25.07 | 12.56 | 9.24 | — | 4.54 | 7.57 | 6.73 |
| — | +18.4% | — | +107.3% | +15.6% | — | -40.5% | -36.4% | -6.4% | — | -42.5% | -24.5% | -5.2% | — | +452.8% | +65.9% | +37.3% | — | -46.5% | -80.4% | -30.2% | |
| EV / EBITDA | 3.74 | 4.59 | 3.12 | 7.83 | 4.35 | 3.97 | 3.62 | 4.05 | 3.75 | 4.12 | 4.60 | 5.82 | 3.97 | 4.47 | 5.74 | 5.22 | 5.01 | 3.98 | 2.66 | 3.89 | 3.76 |
| — | +15.6% | -13.9% | +93.1% | +15.9% | -3.7% | -21.3% | -30.4% | -5.5% | -7.8% | -19.8% | +11.6% | -20.8% | +12.4% | +116.2% | +34.2% | +33.3% | +10.6% | -35.0% | +7.9% | -57.5% | |
| EV / EBIT | 9.57 | — | 4.85 | 33.52 | 8.70 | 7.13 | 5.33 | 10.30 | 7.42 | 7.08 | 7.77 | 10.82 | 5.68 | 7.77 | 9.40 | 7.36 | 6.93 | 4.41 | 3.85 | 8.08 | 4.90 |
| — | — | -9.1% | +225.4% | +17.2% | +0.7% | -31.3% | -4.8% | +30.7% | -8.9% | -17.4% | +47.0% | -18.0% | +76.3% | +144.0% | -8.9% | +41.4% | -35.1% | -75.9% | -89.4% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.5% | — | 56.0% | 12.1% | 23.8% | 25.5% | 26.0% | 26.8% | 26.1% | 32.8% | 32.0% | 27.5% | 39.6% | 36.4% | 30.8% | 35.7% | 40.2% | 45.1% | 52.7% | 49.7% | 42.3% |
| — | — | +115.2% | -54.7% | -8.8% | -22.2% | -18.7% | -2.7% | -34.2% | -10.0% | +3.9% | -22.9% | -1.3% | -19.4% | -41.6% | -28.1% | -5.0% | +14.3% | +49.0% | +34.3% | +2138.0% | |
| Operating Margin | 22.4% | — | 34.5% | 8.2% | 20.4% | 22.7% | 22.9% | 23.6% | 21.4% | 29.8% | 29.0% | 24.1% | 36.7% | 33.9% | 28.1% | 32.9% | 37.4% | 43.3% | 51.3% | 47.8% | 40.1% |
| — | — | +50.7% | -65.3% | -4.7% | -24.0% | -21.0% | -2.0% | -41.6% | -12.0% | +3.1% | -26.7% | -1.9% | -21.6% | -45.2% | -31.1% | -6.7% | +17.1% | +58.7% | +43.9% | +926.3% | |
| Net Margin | 15.4% | 14.7% | 25.8% | 3.2% | 13.6% | 15.9% | 21.0% | 11.1% | 14.5% | 20.2% | 21.5% | 16.6% | 27.8% | 22.5% | 19.8% | 26.5% | 27.6% | 36.5% | 30.8% | 20.4% | 35.4% |
| — | -7.4% | +22.8% | -71.6% | -6.0% | -21.4% | -2.6% | -33.1% | -47.8% | -10.4% | +9.1% | -37.4% | +0.7% | -38.3% | -35.9% | +29.5% | -22.1% | +65.6% | +275.7% | +169.6% | +522.7% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.5% | 2.4% | 6.7% | 0.8% | 3.6% | 4.5% | 6.0% | 3.4% | 4.4% | 6.0% | 6.7% | 4.9% | 9.6% | 7.9% | 6.2% | 8.9% | 10.8% | 17.8% | 19.7% | 10.5% | 16.3% |
| — | -46.3% | +11.8% | -76.9% | -16.9% | -24.9% | -11.2% | -30.9% | -54.4% | -24.8% | +8.6% | -45.4% | -10.8% | -55.5% | -68.4% | -15.4% | -34.0% | +87.2% | +553.4% | +183.6% | +593.3% | |
| ROA | 8.5% | 1.4% | 3.7% | 0.4% | 1.8% | 2.2% | 2.9% | 1.6% | 2.1% | 2.9% | 3.4% | 2.4% | 4.7% | 3.8% | 3.0% | 4.2% | 5.1% | 8.1% | 8.6% | 4.6% | 7.2% |
| — | -35.2% | +28.1% | -76.7% | -14.9% | -25.1% | -14.3% | -33.2% | -55.5% | -23.4% | +14.1% | -42.9% | -6.9% | -52.8% | -65.7% | -8.7% | -29.0% | +98.7% | +580.0% | +229.5% | +810.1% | |
| ROIC | 12.6% | — | 5.1% | 1.0% | 2.8% | 3.3% | 3.3% | 3.5% | 3.1% | 4.4% | 4.8% | 3.7% | 6.5% | 5.9% | 4.3% | 5.5% | 7.4% | 11.2% | 17.7% | 12.5% | 9.3% |
| — | — | +57.2% | -70.0% | -9.7% | -25.7% | -31.6% | -5.6% | -52.5% | -25.4% | +11.9% | -33.6% | -12.3% | -47.3% | -75.8% | -55.8% | -20.5% | +45.3% | +230.1% | +77.4% | +1306.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.57 | 0.26 | 0.28 | 0.56 | 0.57 | 0.56 | 0.59 | 0.61 | 0.63 | 0.64 | 0.51 | 0.52 | 0.53 | 0.55 | 0.60 | 0.60 | 0.59 | 0.61 | 0.66 | 0.71 | 0.72 |
| — | -52.8% | -52.2% | -8.1% | -9.6% | -12.5% | +15.9% | +16.0% | +18.5% | +16.2% | -15.8% | -13.1% | -10.9% | -10.1% | -8.4% | -15.6% | -17.3% | -18.1% | -17.0% | -19.7% | -52.4% | |
| Debt / EBITDA | 1.18 | 3.76 | 2.95 | 7.07 | 5.07 | 4.59 | 4.74 | 4.56 | 4.81 | 4.62 | 3.39 | 4.06 | 2.97 | 3.19 | 4.14 | 3.61 | 2.95 | 2.38 | 1.79 | 2.40 | 2.95 |
| — | -18.1% | -37.7% | +54.9% | +5.5% | -0.5% | +39.9% | +12.4% | +61.8% | +44.7% | -18.1% | +12.5% | +0.8% | +34.3% | +130.8% | +50.3% | -0.2% | -30.2% | -59.0% | -55.4% | -84.3% | |
| Current Ratio | 0.98 | 0.70 | 0.72 | 1.01 | 0.98 | 0.96 | 1.22 | 1.08 | 1.04 | 1.11 | 1.11 | 1.04 | 1.07 | 0.96 | 0.98 | 1.09 | 1.25 | 1.16 | 1.55 | 1.32 | 1.38 |
| — | -26.4% | -41.3% | -6.8% | -5.3% | -14.0% | +9.7% | +3.7% | -3.3% | +15.3% | +14.1% | -4.4% | -14.6% | -16.8% | -37.1% | -17.9% | -9.0% | -3.9% | +54.9% | +12.5% | -39.2% | |
| Quick Ratio | 0.90 | 0.65 | 0.67 | 0.94 | 0.90 | 0.87 | 1.13 | 0.99 | 0.95 | 1.01 | 1.03 | 0.97 | 0.99 | 0.89 | 0.90 | 1.02 | 1.19 | 1.16 | 1.55 | 1.32 | 1.34 |
| — | -25.2% | -41.0% | -5.0% | -5.1% | -14.2% | +9.9% | +1.9% | -4.0% | +13.1% | +14.2% | -4.6% | -17.0% | -22.8% | -41.9% | -23.3% | -11.3% | -3.9% | +54.9% | +12.5% | -40.8% | |
| Interest Coverage | 7.76 | — | 17.75 | 2.31 | 7.28 | 8.30 | 9.90 | 5.81 | 6.96 | 11.86 | 12.53 | 9.61 | 17.44 | 12.52 | 10.65 | 14.12 | 18.45 | 29.66 | 30.01 | 15.67 | 20.33 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying DVN stock.
Devon Energy Corporation's current P/E is 11.0x. The average P/E over the last 4 quarters is 23.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Devon Energy Corporation's current operating margin is 22.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Devon Energy Corporation's business trajectory between earnings reports.