Devon Energy Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.19B | $15.94B | $15.26B | $19.17B | $12.21B | $4.83B | $6.22B | $8.90B |
| Cost of Revenue | — | — | — | — | — | — | $2.81B | $4.32B |
| Gross Profit | — | — | — | — | — | — | $3.41B | $4.58B |
| Gross Margin | — | — | — | — | — | — | 54.8% | 51.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $492.0M | $500.0M | $408.0M | $395.0M | $391.0M | $338.0M | $475.0M | $574.0M |
| Operating Income | $3.96B | $4.11B | $4.99B | $8.15B | $3.29B | $-2.83B | $151.0M | $1.23B |
| Operating Margin | 23.1% | 25.8% | 32.7% | 42.5% | 26.9% | -58.6% | 2.4% | 13.8% |
| Interest Expense | $497.0M | $401.0M | $369.0M | $370.0M | $388.0M | $259.0M | $260.0M | $287.0M |
| Pretax Income | $3.47B | $3.71B | $4.62B | $7.78B | $2.90B | $-3.09B | $-109.0M | $944.0M |
| Income Tax Expense | $785.0M | $770.0M | $841.0M | $1.74B | $65.0M | $-547.0M | $-30.0M | $230.0M |
| Net Income | $2.64B | $2.89B | $3.74B | $6.03B | $2.81B | $-2.68B | $-355.0M | $3.06B |
| Net Margin | 15.4% | 18.1% | 24.5% | 31.5% | 23.0% | -55.5% | -5.7% | 34.4% |
| EPS (Basic) | $4.18 | $4.58 | $5.86 | $9.15 | $4.20 | $-7.12 | $-0.89 | $6.14 |
| EPS (Diluted) | $4.17 | $4.56 | $5.84 | $9.12 | $4.19 | $-7.12 | $-0.89 | $6.10 |
| Shares Outstanding (Basic) | 632.0M | 632.0M | 639.0M | 651.0M | 663.0M | 377.0M | 401.0M | 494.0M |
| Shares Outstanding (Diluted) | 633.0M | 634.0M | 642.0M | 653.0M | 665.0M | 377.0M | 401.0M | 497.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |