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Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
1999
2.3K+
LTM Revenue $16.3B
LTM EBITDA $7.5B
$27.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Devon Energy has a last 12-month revenue (LTM) of $16.3B and a last 12-month EBITDA of $7.5B.
In the most recent fiscal year, Devon Energy achieved revenue of $15.9B and an EBITDA of $7.4B.
Devon Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Devon Energy valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $16.3B | XXX | $15.9B | XXX | XXX | XXX |
| Gross Profit | $16.3B | XXX | $4.7B | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 30% | XXX | XXX | XXX |
| EBITDA | $7.5B | XXX | $7.4B | XXX | XXX | XXX |
| EBITDA Margin | 46% | XXX | 46% | XXX | XXX | XXX |
| EBIT | $3.8B | XXX | $4.1B | XXX | XXX | XXX |
| EBIT Margin | 23% | XXX | 26% | XXX | XXX | XXX |
| Net Profit | $2.8B | XXX | $2.9B | XXX | XXX | XXX |
| Net Margin | 17% | XXX | 18% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $8.0B | XXX | XXX | XXX |
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As of May 30, 2025, Devon Energy's stock price is $30.
Devon Energy has current market cap of $19.4B, and EV of $27.2B.
See Devon Energy trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $27.2B | $19.4B | XXX | XXX | XXX | XXX | $4.42 |
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Start Free TrialAs of May 30, 2025, Devon Energy has market cap of $19.4B and EV of $27.2B.
Devon Energy's trades at 1.7x EV/Revenue multiple, and 3.7x EV/EBITDA.
Equity research analysts estimate Devon Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Devon Energy has a P/E ratio of 6.9x.
See valuation multiples for Devon Energy and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $19.4B | XXX | $19.4B | XXX | XXX | XXX |
| EV (current) | $27.2B | XXX | $27.2B | XXX | XXX | XXX |
| EV/Revenue | 1.7x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 3.6x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBIT | 7.2x | XXX | 6.6x | XXX | XXX | XXX |
| EV/Gross Profit | 1.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | 6.9x | XXX | 6.7x | XXX | XXX | XXX |
| EV/FCF | 10.2x | XXX | -31.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialDevon Energy's last 12 month revenue growth is 4%
Devon Energy's revenue per employee in the last FY averaged $6.9M, while opex per employee averaged $0.2M for the same period.
Devon Energy's rule of 40 is 53% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Devon Energy's rule of X is 56% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Devon Energy and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 46% | XXX | 46% | XXX | XXX | XXX |
| EBITDA Growth | -1% | XXX | -1% | XXX | XXX | XXX |
| Rule of 40 | 53% | XXX | 50% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 56% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $6.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 4% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC Drilling Company | XXX | XXX | XXX | XXX | XXX | XXX |
| ADNOC Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Dana Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Devon Energy acquired XXX companies to date.
Last acquisition by Devon Energy was XXXXXXXX, XXXXX XXXXX XXXXXX . Devon Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Devon Energy founded? | Devon Energy was founded in 1999. |
| Where is Devon Energy headquartered? | Devon Energy is headquartered in United States of America. |
| How many employees does Devon Energy have? | As of today, Devon Energy has 2.3K+ employees. |
| Who is the CEO of Devon Energy? | Devon Energy's CEO is Mr. Clay M. Gaspar. |
| Is Devon Energy publicy listed? | Yes, Devon Energy is a public company listed on NYS. |
| What is the stock symbol of Devon Energy? | Devon Energy trades under DVN ticker. |
| When did Devon Energy go public? | Devon Energy went public in 1988. |
| Who are competitors of Devon Energy? | Similar companies to Devon Energy include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, TAQA. |
| What is the current market cap of Devon Energy? | Devon Energy's current market cap is $19.4B |
| What is the current revenue of Devon Energy? | Devon Energy's last 12 months revenue is $16.3B. |
| What is the current revenue growth of Devon Energy? | Devon Energy revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Devon Energy? | Current revenue multiple of Devon Energy is 1.7x. |
| Is Devon Energy profitable? | Yes, Devon Energy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Devon Energy? | Devon Energy's last 12 months EBITDA is $7.5B. |
| What is Devon Energy's EBITDA margin? | Devon Energy's last 12 months EBITDA margin is 46%. |
| What is the current EV/EBITDA multiple of Devon Energy? | Current EBITDA multiple of Devon Energy is 3.6x. |
| What is the current FCF of Devon Energy? | Devon Energy's last 12 months FCF is $2.7B. |
| What is Devon Energy's FCF margin? | Devon Energy's last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of Devon Energy? | Current FCF multiple of Devon Energy is 10.2x. |
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