CluenexDevon Energy DVN
Devon Energy scores average on business quality (4.8 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Devon Energy does
Devon Energy explores for and produces oil and natural gas, selling hydrocarbons primarily from domestic US basins to refiners and marketers. Revenue is driven by the volume of oil, natural gas liquids, and gas extracted from its acreage.
- What it does best
Devon generates a solid operating margin of 23.8%, landing in the middle of the pack against peers like EOG at 35.9% and EQT at 42.7%. Its scale across top US resource plays allows it to capture stable operating margins, though it trails the highest-efficiency operators in the sector.
- The main risk
Commodity price volatility directly threatens cash generation, as seen when free_cash_flow dropped to negative $853 million in 2024. A sharp downturn in crude or natural gas realizations compresses margins rapidly, leaving less capital for debt reduction and shareholder returns.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 23.8% and return on equity is 14.9%, showing stable returns. Profitability expands during high commodity price environments but remains exposed to broader energy market cycles.
Its economic moat relies on scale across tier-one acreage that secures low-cost production, reflected in a gross margin of 47.6%. This sits right at the sector median of 50th percentile, limiting true pricing power.
Revenue growth is tracking at 7.8%, marking a steady expansion compared to the prior year's revenue of $17.2 billion. This moderate top-line recovery improves on historical volatility, though growth remains tied to production scale.
Total debt sits at $8.4 billion with interest coverage at 9.2x, making debt servicing manageable. Free cash flow reached $1.5 billion, showing recovery from prior deficits, keeping the balance sheet moderately stable.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 insider bought $200K on the open market. 1 sold $344K outside pre-planned sales.
Our sealed record on DVN
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Devon Energy scores average on the Cluenex quality check (4.8 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health fair.
In the last 90 days of SEC Form 4 filings: 1 insider bought $200K on the open market. 1 sold $344K outside pre-planned sales.
Nov 5, 2026, after the close.
See DVN today
- Today's verdict on DVN, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Devon Energy (DVN)”, https://cluenex.com/stocks/dvn/, data as of Oct 10, 2026.