Devon Energy (DVN) Debt Ratio (2009 - 2026)

Devon Energy (DVN) reported Debt Ratio of 0.26 for Q1 2026, down 10.25% year-over-year from 0.29 in Q1 2025, and down 2.94% quarter-over-quarter from 0.27 in Q4 2025.

Devon Energy (DVN) Debt Ratio (2009 - 2026) Analysis & Trends

Devon Energy (DVN) has 18 years of Debt Ratio data on file, last reported at 0.26 in Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.26, down 10.25% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.26 (down 10.25% YoY), and the FY2025 annual result was 0.27, down 8.88% from the prior year.
  • Debt Ratio eased to 0.26 in Q1 2026 per DVN's latest filing, from 0.27 in the prior quarter.
  • Over five years, Debt Ratio peaked at 0.3 in Q1 2022 and troughed at 0.24 in Q2 2024.
  • A 5-year average of 0.27 and a median of 0.27 in 2023 frame the typical range for Debt Ratio.
  • The sharpest annual moves came in 2022 and 2025: Debt Ratio retreated 16.37% in 2022, then grew 16.67% in 2025.
  • A 5-year view of Debt Ratio shows it stood at 0.28 in 2022, then slipped by 9.18% to 0.25 in 2023, then rose by 15.93% to 0.29 in 2024, then fell by 8.88% to 0.27 in 2025, then decreased by 2.94% to 0.26 in 2026.
  • Business Quant data shows DVN's Debt Ratio at 0.26 in Q1 2026, 0.27 in Q4 2025, and 0.27 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Woodside Energy 631.53 Bn 625.59 Bn - 0.17
2 Canadian Natural Resources 402.73 Bn 402.73 Bn 6.72 Bn -
3 Conocophillips 145.39 Bn 139.02 Bn 9.48 Bn 0.19
4 Eog Resources 74.61 Bn 70.76 Bn - 0.15
5 Occidental Petroleum 57.00 Bn 53.82 Bn 4.87 Bn 0.19
6 Diamondback Energy 56.03 Bn 62.20 Bn 4.22 Bn 0.20
7 Vista Energy, S.A.B. de C.V 36.26 Bn 35.65 Bn 472.36 Mn 0.34
8 Eqt 33.02 Bn 36.36 Bn 2.98 Bn 0.02
9 Vermilion Energy 32.76 Bn 32.57 Bn 370.10 Mn 44.08
10 Devon Energy 27.78 Bn 27.78 Bn 3.61 Bn 0.26

Historic Data

Download Data
DateValue
Mar 31, 2026 0.26
Dec 31, 2025 0.27
Sep 30, 2025 0.27
Jun 30, 2025 0.28
Mar 31, 2025 0.29
Dec 31, 2024 0.29
Sep 30, 2024 0.29
Jun 30, 2024 0.24
Mar 31, 2024 0.25
Dec 31, 2023 0.25
Sep 30, 2023 0.25
Jun 30, 2023 0.27
Mar 31, 2023 0.27
Dec 31, 2022 0.28
Sep 30, 2022 0.27
Jun 30, 2022 0.28
Mar 31, 2022 0.30
Dec 31, 2021 0.31
Sep 30, 2021 0.31
Jun 30, 2021 0.32