Devon Energy (DVN) EV to EBITDA (2009 - 2026)
Devon Energy's (DVN) quarterly EV to EBITDA came in at 18.64 in Q2 2026, up 15.95% year-over-year from 16.08 in Q2 2025, and down 89.49% quarter-over-quarter from 177.43 in Q1 2026.
Analysis
Devon Energy (DVN) EV to EBITDA (2009 - 2026) Analysis & Trends
Devon Energy (DVN) has reported EV to EBITDA for 18 consecutive years, with 18.64 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to EBITDA rose 15.95% year-over-year to 18.64 in Q2 2026; TTM through Jun 2026 was 10.56, a 109.93% increase from a year earlier, with the FY2025 full-year figure at 6.14, up 10.59% from the prior year.
- EV to EBITDA was 18.64 for Q2 2026 at Devon Energy, down from 177.43 in the prior quarter.
- Over five years, EV to EBITDA peaked at 177.43 in Q1 2026 and troughed at 13.13 in Q2 2022.
- A 5-year average of 33.61 and a median of 25.48 in 2022 frame the typical range for EV to EBITDA.
- Across the five-year window, EV to EBITDA slumped 78.25% in 2022 and soared 398.17% in 2026, its largest moves.
- Over 5 years, EV to EBITDA stood at 25.05 in 2022, then decreased by 21.7% to 19.61 in 2023, then grew by 25.06% to 24.53 in 2024, then climbed by 16.12% to 28.48 in 2025, then tumbled by 34.55% to 18.64 in 2026.
- The last three EV to EBITDA figures came in at 18.64 (Q2 2026), 177.43 (Q1 2026), and 28.48 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn |
| 10 | Antero Resources | 12.13 Bn | 11.56 Bn | 1.56 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.64 |
| Mar 31, 2026 | 177.43 |
| Dec 31, 2025 | 28.48 |
| Sep 30, 2025 | 22.71 |
| Jun 30, 2025 | 16.08 |
| Mar 31, 2025 | 35.62 |
| Dec 31, 2024 | 24.53 |
| Sep 30, 2024 | 23.71 |
| Jun 30, 2024 | 27.59 |
| Mar 31, 2024 | 40.02 |
| Dec 31, 2023 | 19.61 |
| Sep 30, 2023 | 27.93 |
| Jun 30, 2023 | 34.13 |
| Mar 31, 2023 | 25.91 |
| Dec 31, 2022 | 25.05 |
| Sep 30, 2022 | 15.47 |
| Jun 30, 2022 | 13.13 |
| Mar 31, 2022 | 28.95 |
| Dec 31, 2021 | 16.32 |
| Sep 30, 2021 | 22.67 |