Last 48 quarters of trend data · Energy · Oil & Gas Exploration & Production
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Devon Energy Corporation's quarterly P/E stands at 66.2x, up 445.3% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.10 | 66.21 | 10.18 | 8.04 | 5.64 | 12.14 | 8.27 | 7.52 | 8.84 | 13.35 | 6.26 | 8.40 | 11.19 |
| — | +445.3% | +23.1% | +6.9% | -36.2% | -9.0% | +32.1% | -10.4% | -21.0% | +62.4% | -25.9% | +61.4% | +138.0% | |
| P/S Ratio | 1.69 | — | 1.45 | 1.31 | 1.25 | 1.38 | 1.21 | 1.48 | 1.94 | 2.33 | 1.89 | 1.89 | 2.21 |
| — | — | +19.3% | -11.1% | -35.7% | -40.8% | -35.9% | -21.7% | -12.2% | +7.0% | -18.3% | -0.9% | +52.4% | |
| P/B Ratio | 1.89 | — | 1.47 | 1.45 | 1.32 | 1.63 | 1.39 | 1.68 | 2.34 | 2.57 | 2.37 | 2.59 | 2.77 |
| — | — | +5.8% | -13.7% | -43.4% | -36.5% | -41.4% | -34.9% | -15.6% | -12.9% | -33.7% | -27.8% | -22.1% | |
| P/FCF | 9.28 | — | 8.89 | 6.80 | 8.59 | 6.03 | 8.20 | — | 14.42 | 9.48 | 8.76 | 9.29 | 25.07 |
| — | — | +8.4% | — | -40.5% | -36.4% | -6.4% | — | -42.5% | -24.5% | -5.2% | — | +452.8% | |
| EV / EBITDA | 4.89 | — | 4.87 | 4.15 | 4.12 | 4.22 | 4.10 | 3.93 | 4.82 | 6.63 | 4.65 | 4.47 | 5.74 |
| — | — | +18.8% | +5.7% | -14.6% | -36.3% | -11.8% | -12.2% | -16.1% | +27.0% | -7.3% | +12.4% | +116.2% | |
| EV / EBIT | 9.62 | — | 11.47 | 7.13 | 5.32 | 10.22 | 7.34 | 7.03 | 7.76 | 10.80 | 5.68 | 7.77 | 9.40 |
| — | — | +56.2% | +1.5% | -31.4% | -5.3% | +29.2% | -9.6% | -17.5% | +46.7% | -18.0% | +76.3% | +144.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.7% | — | 20.1% | 23.9% | 21.2% | 25.2% | 22.3% | 34.4% | 30.4% | 23.2% | 34.4% | 36.4% | 30.8% |
| — | — | -9.8% | -30.5% | -30.3% | +9.0% | -35.2% | -5.5% | -1.2% | -35.2% | -14.3% | -19.4% | -41.6% | |
| Operating Margin | 22.0% | — | 16.7% | 21.2% | 18.6% | 22.3% | 18.6% | 31.5% | 27.4% | 19.8% | 31.5% | 33.9% | 28.1% |
| — | — | -10.3% | -32.7% | -32.1% | +12.4% | -41.0% | -7.1% | -2.5% | -39.8% | -15.7% | -21.6% | -45.2% | |
| Net Margin | 15.4% | 3.2% | 14.3% | 16.2% | 22.2% | 11.3% | 15.2% | 19.7% | 22.0% | 17.5% | 30.1% | 22.5% | 19.8% |
| — | -72.1% | -6.1% | -17.8% | +0.8% | -35.5% | -49.6% | -12.7% | +11.5% | -33.8% | +9.3% | -38.3% | -35.9% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.5% | 0.0% | 3.6% | 4.5% | 6.0% | 3.4% | 4.4% | 6.0% | 6.7% | 4.9% | 9.6% | 7.9% | 6.2% |
| — | -100.0% | -16.9% | -24.9% | -11.2% | -30.9% | -54.4% | -24.8% | +8.6% | -45.4% | -10.8% | -55.5% | -68.4% | |
| ROA | 8.5% | 0.0% | 1.8% | 2.2% | 2.9% | 1.6% | 2.1% | 2.9% | 3.4% | 2.4% | 4.7% | 3.8% | 3.0% |
| — | -100.0% | -14.9% | -25.1% | -14.3% | -33.2% | -55.5% | -23.4% | +14.1% | -42.9% | -6.9% | -52.8% | -65.7% | |
| ROIC | 12.3% | — | 2.2% | 3.0% | 2.5% | 3.2% | 2.5% | 4.8% | 4.4% | 2.9% | 5.1% | 5.9% | 4.3% |
| — | — | -14.9% | -37.0% | -43.2% | +12.4% | -50.3% | -19.1% | +3.5% | -48.4% | -30.6% | -47.3% | -75.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Devon Energy Corporation's Debt/EBITDA ratio is 8.0x, up from 5.7x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 6.8% YoY to 1.01x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.57 | 0.56 | 0.57 | 0.56 | 0.59 | 0.61 | 0.63 | 0.64 | 0.51 | 0.52 | 0.53 | 0.55 | 0.60 |
| — | -8.1% | -9.6% | -12.5% | +15.9% | +16.0% | +18.5% | +16.2% | -15.8% | -13.1% | -10.9% | -10.1% | -8.4% | |
| Debt / EBITDA | 1.18 | 8.03 | 5.68 | 4.80 | 5.39 | 4.75 | 5.25 | 4.40 | 3.55 | 4.62 | 3.48 | 3.19 | 4.14 |
| — | +69.1% | +8.1% | +9.2% | +51.9% | +2.8% | +50.9% | +37.7% | -14.3% | +28.1% | +18.0% | +34.3% | +130.8% | |
| Current Ratio | 0.98 | 1.01 | 0.98 | 0.96 | 1.22 | 1.08 | 1.04 | 1.11 | 1.11 | 1.04 | 1.07 | 0.96 | 0.98 |
| — | -6.8% | -5.3% | -14.0% | +9.7% | +3.7% | -3.3% | +15.3% | +14.1% | -4.4% | -14.6% | -16.8% | -37.1% | |
| Quick Ratio | 0.90 | 0.94 | 0.90 | 0.87 | 1.13 | 0.99 | 0.95 | 1.01 | 1.03 | 0.97 | 0.99 | 0.89 | 0.90 |
| — | -5.0% | -5.1% | -14.2% | +9.9% | +1.9% | -4.0% | +13.1% | +14.2% | -4.6% | -17.0% | -22.8% | -41.9% | |
| Interest Coverage | 7.39 | — | 5.52 | 8.30 | 9.93 | 5.86 | 7.04 | 11.95 | 12.56 | 9.63 | 17.44 | 12.52 | 10.65 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Devon Energy Corporation's current P/E is 11.1x. The average P/E over the last 4 quarters is 22.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Devon Energy Corporation's current operating margin is 22.0%. Margins have been compressing 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.