Devon Energy Corporation (DVN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.81M | 3.94B | 4.25B | 4.05B | 4.37B | 4.2B | 4.13B | 3.83B | 3.4B | 3.82B | 4.04B | 3.49B | 3.76B | 4.35B | 5.18B | 6.27B | 4.84B | 4.25B | 3.8B | 3.12B |
| Revenue Growth % | -99.91% | -6.33% | 2.95% | 5.64% | 28.53% | 10% | 2.18% | 9.71% | -9.47% | -12.2% | -22.05% | -44.27% | -22.32% | 2.38% | 36.39% | 100.9% | 72.21% | 249.3% | 295.94% | 1825.93% |
| Cost of Goods Sold | 0 | 3.15B | 3.23B | 3.19B | 3.27B | 3.27B | 2.71B | 2.67B | 2.62B | 2.51B | 2.57B | 2.42B | 2.42B | 2.6B | 2.85B | 2.97B | 2.43B | 2.45B | 2.3B | 2.02B |
| COGS % of Revenue | - | 79.88% | 76.1% | 78.8% | 74.76% | 77.71% | 65.63% | 69.6% | 76.84% | 65.58% | 63.62% | 69.22% | 64.27% | 59.83% | 54.88% | 47.34% | 50.28% | 57.7% | 60.54% | 64.65% |
| Gross Profit | 0 | 792M | 1.02B | 858M | 1.1B | 937M | 1.42B | 1.17B | 788M | 1.31B | 1.47B | 1.07B | 1.34B | 1.75B | 2.34B | 3.3B | 2.41B | 1.8B | 1.5B | 1.1B |
| Gross Margin % | - | 20.12% | 23.9% | 21.2% | 25.24% | 22.29% | 34.37% | 30.4% | 23.16% | 34.42% | 36.38% | 30.78% | 35.73% | 40.17% | 45.12% | 52.66% | 49.72% | 42.3% | 39.46% | 35.35% |
| Gross Profit Growth % | -100% | -15.47% | -28.4% | -26.35% | 40.1% | -28.75% | -3.47% | 8.37% | -41.33% | -24.77% | -37.15% | -67.43% | -44.18% | -2.78% | 55.93% | 199.27% | 131.35% | 7717.39% | 1281.1% | 246.87% |
| Operating Expenses | 1.66M | 135M | 114M | 104M | 130M | 155M | 117M | 114M | 114M | 111M | 99M | 92M | 106M | 122M | 95M | 84M | 94M | 95M | 95M | 94M |
| OpEx % of Revenue | 43.5% | 3.43% | 2.68% | 2.57% | 2.97% | 3.69% | 2.83% | 2.97% | 3.35% | 2.9% | 2.45% | 2.63% | 2.82% | 2.8% | 1.83% | 1.34% | 1.94% | 2.23% | 2.5% | 3.01% |
| Selling, General & Admin | 1.66M | 135M | 1.56M | 133M | 130M | 155M | 117M | 114M | 114M | 111M | 99M | 92M | 106M | 122M | 95M | 84M | 94M | 95M | 95M | 94M |
| SG&A % of Revenue | 43.5% | 3.43% | 0.04% | 3.29% | 2.97% | 3.69% | 2.83% | 2.97% | 3.35% | 2.9% | 2.45% | 2.63% | 2.82% | 2.8% | 1.83% | 1.34% | 1.94% | 2.23% | 2.5% | 3.01% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 166K | 657M | 902M | 754M | 974M | 782M | 1.3B | 1.05B | 674M | 1.2B | 1.37B | 983M | 1.24B | 1.63B | 2.24B | 3.22B | 2.31B | 1.7B | 1.41B | 1.01B |
| Operating Margin % | 4.36% | 16.69% | 21.22% | 18.63% | 22.27% | 18.61% | 31.53% | 27.43% | 19.81% | 31.51% | 33.93% | 28.14% | 32.91% | 37.36% | 43.29% | 51.32% | 47.78% | 40.06% | 36.96% | 32.34% |
| Operating Income Growth % | -99.98% | -15.98% | -30.72% | -28.26% | 44.51% | -35.05% | -5.03% | 6.92% | -45.51% | -25.95% | -38.9% | -69.44% | -46.5% | -4.52% | 59.72% | 218.83% | 147.8% | 2986.44% | 795.54% | 221.57% |
| EBITDA | 1.07M | 1.55B | 1.78B | 1.67B | 1.89B | 1.75B | 2.1B | 1.82B | 1.4B | 1.85B | 2.02B | 1.62B | 1.85B | 2.27B | 2.83B | 3.75B | 2.8B | 2.28B | 1.98B | 1.54B |
| EBITDA Margin % | 28.11% | 39.29% | 41.9% | 41.21% | 43.12% | 41.71% | 50.76% | 47.47% | 41.02% | 48.52% | 50.04% | 46.41% | 49.27% | 52.18% | 54.49% | 59.75% | 57.88% | 53.63% | 52.17% | 49.52% |
| EBITDA Growth % | -99.94% | -11.75% | -15.03% | -8.3% | 35.1% | -5.45% | 3.66% | 12.21% | -24.62% | -18.36% | -28.42% | -56.72% | -33.88% | -0.39% | 42.46% | 142.39% | 100.07% | 842.15% | 1944.33% | 390.96% |
| D&A (Non-Cash Add-back) | 904K | 890M | 879M | 914M | 912M | 971M | 794M | 768M | 722M | 650M | 651M | 638M | 615M | 645M | 581M | 528M | 489M | 577M | 578M | 536M |
| EBIT | 0 | 657M | 1.04B | 1.29B | 779M | 979M | 1.17B | 1.13B | 857M | 1.52B | 1.16B | 990M | 1.31B | 1.64B | 2.55B | 2.58B | 1.35B | 1.75B | 1.05B | 394M |
| Net Interest Income | 0 | -105M | -107M | -116M | -123M | -123M | -79M | -76M | -76M | -75M | -81M | -78M | -72M | -73M | -67M | -84M | -85M | -86M | -86M | -90M |
| Interest Income | 0 | 14M | 18M | 14M | 10M | 16M | 19M | 14M | 13M | 12M | 12M | 15M | 21M | 16M | 19M | 2M | 1M | 0 | 1M | 0 |
| Interest Expense | 0 | 119M | 125M | 130M | 133M | 139M | 98M | 90M | 89M | 87M | 93M | 93M | 93M | 89M | 86M | 86M | 86M | 86M | 87M | 90M |
| Other Income/Expense | 0 | 90M | 10M | 407M | -328M | 58M | -238M | -11M | 94M | 226M | -299M | -86M | -13M | -73M | 221M | -722M | -1.05B | -41M | -441M | -705M |
| Pretax Income | 166K | 747M | 912M | 1.16B | 646M | 840M | 1.06B | 1.04B | 768M | 1.43B | 1.07B | 897M | 1.22B | 1.55B | 2.46B | 2.5B | 1.26B | 1.66B | 964M | 304M |
| Pretax Margin % | 4.36% | 18.97% | 21.45% | 28.68% | 14.77% | 19.99% | 25.77% | 27.14% | 22.57% | 37.42% | 26.53% | 25.68% | 32.56% | 35.68% | 47.55% | 39.81% | 26.08% | 39.1% | 25.36% | 9.74% |
| Income Tax | 46K | 185M | 219M | 244M | 137M | 187M | 239M | 185M | 159M | 269M | 152M | 199M | 221M | 349M | 565M | 557M | 267M | 150M | 120M | 43M |
| Effective Tax Rate % | 27.71% | 24.77% | 24.01% | 21.02% | 21.21% | 22.26% | 22.46% | 17.79% | 20.7% | 18.81% | 14.18% | 22.19% | 18.06% | 22.47% | 22.92% | 22.32% | 21.16% | 9.03% | 12.45% | 14.14% |
| Net Income | 120K | 562M | 687M | 899M | 494M | 639M | 812M | 844M | 596M | 1.15B | 910M | 690M | 995M | 1.2B | 1.89B | 1.93B | 989M | 1.51B | 838M | 256M |
| Net Margin % | 3.15% | 14.27% | 16.16% | 22.21% | 11.29% | 15.2% | 19.67% | 22.03% | 17.51% | 30.15% | 22.52% | 19.75% | 26.47% | 27.6% | 36.52% | 30.82% | 20.44% | 35.43% | 22.05% | 8.21% |
| Net Income Growth % | -99.98% | -12.05% | -15.39% | 6.52% | -17.11% | -44.53% | -10.77% | 22.32% | -40.1% | -4.08% | -51.93% | -64.29% | 0.61% | -20.25% | 125.89% | 654.69% | 364.32% | 1576.47% | 1010.87% | 138.21% |
| Net Income (Continuing) | 120K | 562M | 693M | 917M | 509M | 653M | 825M | 855M | 609M | 1.16B | 920M | 698M | 1B | 1.2B | 1.9B | 1.94B | 995M | 1.51B | 844M | 261M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 232M | 228M | 208M | 201M | 178M | 174M | 156M | 140M | 129M | 126M | 129M | 134M | 136M | 135M | 137M | 137M | 136M |
| EPS (Diluted) | 0.00 | 0.90 | 1.09 | 1.41 | 0.77 | 0.99 | 1.30 | 1.34 | 0.94 | 1.81 | 1.42 | 1.08 | 1.54 | 1.82 | 2.89 | 2.93 | 1.49 | 2.23 | 1.24 | 0.38 |
| EPS Growth % | -99.97% | -9.09% | -16.15% | 5.22% | -18.09% | -45.3% | -8.45% | 24.07% | -38.96% | -0.55% | -50.87% | -63.14% | 3.36% | -18.39% | 133.06% | 671.05% | 365.63% | 925.93% | 616.67% | 121.35% |
| EPS (Basic) | 0.00 | 0.91 | 1.09 | 1.42 | 0.77 | 0.98 | 1.31 | 1.35 | 0.95 | 1.81 | 1.43 | 1.08 | 1.53 | 1.83 | 2.92 | 2.96 | 1.51 | 2.24 | 1.24 | 0.38 |
| Diluted Shares Outstanding | 622M | 622M | 636M | 636M | 645M | 623M | 623M | 628M | 632M | 638M | 639M | 639M | 647M | 655M | 656M | 660M | 665M | 673M | 679M | 679M |
| Basic Shares Outstanding | 621M | 621M | 635M | 635M | 643M | 623M | 622M | 626M | 629M | 635M | 637M | 638M | 647M | 653M | 649M | 652M | 656M | 671M | 677M | 677M |
| Dividend Payout Ratio | - | 26.51% | 21.98% | 17.35% | 33% | 22.38% | 33.5% | 26.42% | 50.17% | 42.36% | 34.29% | 66.96% | 59.9% | 72.86% | 53.2% | 42.96% | 67.44% | 36.79% | 39.26% | 89.45% |