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Devon Energy vs Eog Resources: revenue, profit, margins and growth compared

Devon Energy brought in $17.2B of revenue in fiscal 2025, Eog Resources $22.6B in fiscal 2025. Revenue changed by +7.8% at Devon Energy and -4.5% at Eog Resources on the year before, so Devon Energy grew faster. Devon Energy kept 15.4% of its revenue as net profit, Eog Resources 22.0%.

Side by side, latest fiscal year

DVNEOG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$17.2B$22.6B
Revenue growth+7.8%-4.5%
Net income$2.6B$5B
Net margin15.4%22.0%
Free cash flow$3.1Bn/a
Free cash flow margin18.1%n/a
Earnings per share (diluted)$4.17$9.12
Cash$1.4B$3.4B
Debt$8.4B$7.9B
Price to earnings11.315.4
Market value$51.8B$73.6B
Dividend yieldn/a2.84%
Rank by revenue in sector#20 of 129 · Energy#15 of 129 · Energy

Over the years

Revenue
DVN FY2018: $8.9BDVN FY2019: $6.7BDVN FY2020: $4.8BDVN FY2021: $13.8BDVN FY2022: $19.8BDVN FY2023: $15.3BDVN FY2024: $15.9BDVN FY2025: $17.2BEOG FY2018: $17.3BEOG FY2019: $17.4BEOG FY2020: $11BEOG FY2021: $18.6BEOG FY2022: $25.7BEOG FY2023: $24.2BEOG FY2024: $23.7BEOG FY2025: $22.6BFY18FY19FY20FY21FY22FY23FY24FY25
DVN $17.2BEOG $22.6B
Net income
DVN FY2018: $3.1BDVN FY2019: -$355MDVN FY2020: -$2.7BDVN FY2021: $2.8BDVN FY2022: $6BDVN FY2023: $3.7BDVN FY2024: $2.9BDVN FY2025: $2.6BEOG FY2018: $3.4BEOG FY2019: $2.7BEOG FY2020: -$605MEOG FY2021: $4.7BEOG FY2022: $7.8BEOG FY2023: $7.6BEOG FY2024: $6.4BEOG FY2025: $5BFY18FY19FY20FY21FY22FY23FY24FY25
DVN $2.6BEOG $5B
Net margin
DVN FY2018: 34.4%DVN FY2019: -5.3%DVN FY2020: -55.5%DVN FY2021: 20.5%DVN FY2022: 30.4%DVN FY2023: 24.5%DVN FY2024: 18.1%DVN FY2025: 15.4%EOG FY2018: 19.8%EOG FY2019: 15.7%EOG FY2020: -5.5%EOG FY2021: 25.0%EOG FY2022: 30.2%EOG FY2023: 31.4%EOG FY2024: 27.0%EOG FY2025: 22.0%FY18FY19FY20FY21FY22FY23FY24FY25
DVN 15.4%EOG 22.0%
Revenue growth
DVN FY2019: -25.0%DVN FY2020: -27.7%DVN FY2021: +184.8%DVN FY2022: +44.2%DVN FY2023: -23.0%DVN FY2024: +4.5%DVN FY2025: +7.8%EOG FY2019: +0.6%EOG FY2020: -36.5%EOG FY2021: +69.0%EOG FY2022: +37.9%EOG FY2023: -5.9%EOG FY2024: -2.0%EOG FY2025: -4.5%FY19FY20FY21FY22FY23FY24FY25
DVN +7.8%EOG -4.5%
Free cash flow
DVN FY2018: $1.5BDVN FY2019: $2BDVN FY2020: $311MDVN FY2021: $2.9BDVN FY2022: $6BDVN FY2023: $2.7BDVN FY2024: $3BDVN FY2025: $3.1BFY18FY19FY20FY21FY22FY23FY24FY25
DVN $3.1BEOG

Fiscal years as each company reports them; the two may end in different months.

Questions about Devon Energy and Eog Resources

Which is bigger by revenue, Devon Energy or Eog Resources?

Eog Resources is bigger by revenue: $22.6B in fiscal 2025, against $17.2B for Devon Energy in fiscal 2025.

Which keeps more of its revenue as profit, Devon Energy or Eog Resources?

Devon Energy had a net margin of 15.4% in fiscal 2025; Eog Resources had 22.0% in fiscal 2025.

Which grew revenue faster, Devon Energy or Eog Resources?

In their latest fiscal years revenue changed by +7.8% at Devon Energy and -4.5% at Eog Resources.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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