1.Sales and profit
See section β- Devon Energy had $17.2B of revenue in fiscal 2025, up 7.8% on the year before. Over five years, revenue changed +28.9% a year on average.
- Devon Energy made $2.6B of net profit in fiscal 2025.
Devon Energy
DVN NYSE Oil & Gas Exploration & Production Financials FY2016βFY2025
Devon Energy had $17.2B of revenue in fiscal 2025, up 7.8% on the year before. Over five years, revenue changed +28.9% a year on average.
- Today
- 0.8%
- Previous close
- $51.64
- Market cap
- $48.2B
- P/E
- 12.2x
- Fair value (model)
-
$38.64 β25% vs price
- Day range
-
$50.54 $51.70
- 52-week range
-
$32.01 $52.07
KIRAβs summary AI analyst
Hi! I read Devon Energyβs latest annual report (fiscal 2025). Here is what stands out:
3 strengths
2.Cash and shareholders
See section β- Free cash flow was $3.1B in fiscal 2025, 18.2% of revenue.
- Devon Energy returned $1.7B to shareholders in fiscal 2025, 54% of free cash flow. The diluted share count fell 0.2%.
- In the last 12 months, insiders bought $0.2M and sold $5.6M of shares on the open market.
3.Financial health
See section β- Devon Energy owes $8.0B more than it holds in cash, about 1.1 years of operating profit.
- Its return on capital was 13.0%: every 100 invested in the business earned about 13 in a year.
- Devon Energy passes 5 of 8 financial health tests (Piotroski F-score).
4.Price and value
See section β- At $51.23 a share, the company is worth $48.2B: 12.2 times its earnings of the last four quarters.
- Devon Energy grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 1 of 3.
Devon Energy in 30 seconds
Good So-so Weak
Good
Are sales growing?
+7.8%
Yes. Sales grew 7.8% last year.
Good
Does it make a profit?
15.4%
Yes. It keeps 15.4% of every sale as profit.
Good
Does profit turn into cash?
18.2%
Yes. 18.2% of sales ends up as free cash.
So-so
Is debt under control?
1.1x
Keep an eye on it. Repaying its debt would take 1.1 years of operating profit.
So-so
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
For information
How is the share priced?
12.2x
One share costs 12.2 times its yearly profit per share. Typical for its sector: 17.4x.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$48.2B
Oct 27 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
12.2x
On $4.21 EPS (TTM)
About these figures. Capital spending is Devon's total capital expenditures line in every year; another figure in some filings covers only a small part of it.
Charts by
Sales and profit
Is it selling more, and how much does it keep?
Revenue and margins
KIRA summarises the numbers
-
Devon Energy had $17.2B of revenue in fiscal 2025, up 7.8% on the year before.
Over five years, revenue changed +28.9% a year on average.
Revenue
FY16
Revenue $6.8B
FY17
Revenue $6.5B
FY18
Revenue $8.9B
FY19
Revenue $6.2B
FY20
Revenue $4.8B
FY21
Revenue $12.2B
FY22
Revenue $19.2B
FY23
Revenue $15.3B
FY24
Revenue $15.9B
FY25
Revenue $17.2B
Revenue
Q3 '23
Revenue $3.8B
Q4 '23
Revenue $4.1B
Q1 '24
Revenue $3.6B
Q2 '24
Revenue $3.9B
Q3 '24
Revenue $4.0B
Q4 '24
Revenue $4.4B
Q1 '25
Revenue $4.5B
Q2 '25
Revenue $4.3B
Q3 '25
Revenue $4.3B
Q4 '25
Revenue $4.1B
Q1 '26
Revenue $3.8B
Q2 '26
Revenue $7.4B
Margins, % of revenue
FY16
Gross 58.2%
Operating β42.9%
Net β15.6%
FCF 1.7%
FY17
Gross 45.3%
Operating β
Net 13.8%
FCF 19.9%
FY18
Gross 51.4%
Operating β
Net 34.4%
FCF β6.0%
FY19
Gross 54.8%
Operating β
Net β5.7%
FCF 2.1%
FY20
Gross β
Operating β
Net β55.5%
FCF 6.4%
FY21
Gross β
Operating β
Net 23.1%
FCF 23.8%
FY22
Gross β
Operating β
Net 31.5%
FCF 31.2%
FY23
Gross β
Operating β
Net 24.5%
FCF 17.4%
FY24
Gross β
Operating β
Net 18.2%
FCF 18.5%
FY25
Gross β
Operating β
Net 15.4%
FCF 18.2%
Gross
Operating
Net
FCF
Margins, % of revenue
Q3 '23
Gross β
Operating β
Net 23.7%
FCF 22.0%
Q4 '23
Gross β
Operating β
Net 27.6%
FCF 20.0%
Q1 '24
Gross β
Operating β
Net 16.6%
FCF 23.5%
Q2 '24
Gross β
Operating β
Net 21.6%
FCF 15.0%
Q3 '24
Gross β
Operating β
Net 20.2%
FCF 19.5%
Q4 '24
Gross β
Operating β
Net 14.6%
FCF 16.8%
Q1 '25
Gross β
Operating β
Net 11.1%
FCF 22.6%
Q2 '25
Gross β
Operating β
Net 21.0%
FCF 13.8%
Q3 '25
Gross β
Operating β
Net 15.9%
FCF 18.9%
Q4 '25
Gross β
Operating β
Net 13.6%
FCF 17.0%
Q1 '26
Gross β
Operating β
Net 3.2%
FCF 21.4%
Q2 '26
Gross β
Operating β
Net 25.8%
FCF 31.8%
Gross
Operating
Net
FCF
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Net income and earnings per share
Loss periods are shown in red.
KIRA summarises the numbers
-
Devon Energy made $2.6B of net profit in fiscal 2025.
Net income
FY16
Net income β$1.1B
FY17
Net income $898M
FY18
Net income $3.1B
FY19
Net income β$355M
FY20
Net income β$2.7B
FY21
Net income $2.8B
FY22
Net income $6.0B
FY23
Net income $3.7B
FY24
Net income $2.9B
FY25
Net income $2.6B
Net income
Q3 '23
Net income $910M
Q4 '23
Net income $1.1B
Q1 '24
Net income $596M
Q2 '24
Net income $844M
Q3 '24
Net income $812M
Q4 '24
Net income $641M
Q1 '25
Net income $494M
Q2 '25
Net income $899M
Q3 '25
Net income $687M
Q4 '25
Net income $562M
Q1 '26
Net income $120M
Q2 '26
Net income $1.9B
Diluted EPS
FY16
Diluted EPS β$2.09
FY17
Diluted EPS $1.70
FY18
Diluted EPS $6.10
FY19
Diluted EPS β$0.89
FY20
Diluted EPS β$7.12
FY21
Diluted EPS $4.19
FY22
Diluted EPS $9.12
FY23
Diluted EPS $5.84
FY24
Diluted EPS $4.56
FY25
Diluted EPS $4.17
Diluted EPS
Q3 '23
Diluted EPS $1.42
Q4 '23
Diluted EPS $1.81
Q1 '24
Diluted EPS $0.94
Q2 '24
Diluted EPS $1.34
Q3 '24
Diluted EPS $1.30
Q4 '24
Diluted EPS $0.97
Q1 '25
Diluted EPS $0.77
Q2 '25
Diluted EPS $1.41
Q3 '25
Diluted EPS $1.09
Q4 '25
Diluted EPS $0.90
Q1 '26
Diluted EPS $0.19
Q2 '26
Diluted EPS $2.03
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
Cash from operations minus capital spending.
KIRA summarises the numbers
-
Free cash flow was $3.1B in fiscal 2025, 18.2% of revenue.
Free cash flow
FY16
Free cash flow $116M
FY17
Free cash flow $1.3B
FY18
Free cash flow β$533M
FY19
Free cash flow $133M
FY20
Free cash flow $311M
FY21
Free cash flow $2.9B
FY22
Free cash flow $6.0B
FY23
Free cash flow $2.7B
FY24
Free cash flow $3.0B
FY25
Free cash flow $3.1B
Free cash flow
Q3 '23
Free cash flow $843M
Q4 '23
Free cash flow $827M
Q1 '24
Free cash flow $844M
Q2 '24
Free cash flow $587M
Q3 '24
Free cash flow $786M
Q4 '24
Free cash flow $738M
Q1 '25
Free cash flow $1.0B
Q2 '25
Free cash flow $589M
Q3 '25
Free cash flow $820M
Q4 '25
Free cash flow $702M
Q1 '26
Free cash flow $816M
Q2 '26
Free cash flow $2.4B
Cash from operations vs capital spending
FY16
Cash from operations $1.5B
Capital spending $1.4B
FY17
Cash from operations $2.9B
Capital spending $1.6B
FY18
Cash from operations $1.6B
Capital spending $2.1B
FY19
Cash from operations $2.0B
Capital spending $1.9B
FY20
Cash from operations $1.5B
Capital spending $1.2B
FY21
Cash from operations $4.9B
Capital spending $2.0B
FY22
Cash from operations $8.5B
Capital spending $2.5B
FY23
Cash from operations $6.5B
Capital spending $3.9B
FY24
Cash from operations $6.6B
Capital spending $3.6B
FY25
Cash from operations $6.7B
Capital spending $3.6B
Cash from operations
Capital spending
Cash from operations vs capital spending
Q3 '23
Cash from operations $1.7B
Capital spending $882M
Q4 '23
Cash from operations $1.7B
Capital spending $910M
Q1 '24
Cash from operations $1.7B
Capital spending $894M
Q2 '24
Cash from operations $1.5B
Capital spending $948M
Q3 '24
Cash from operations $1.7B
Capital spending $877M
Q4 '24
Cash from operations $1.7B
Capital spending $926M
Q1 '25
Cash from operations $1.9B
Capital spending $934M
Q2 '25
Cash from operations $1.5B
Capital spending $956M
Q3 '25
Cash from operations $1.7B
Capital spending $870M
Q4 '25
Cash from operations $1.5B
Capital spending $832M
Q1 '26
Cash from operations $1.7B
Capital spending $839M
Q2 '26
Cash from operations $3.7B
Capital spending $1.3B
Cash from operations
Capital spending
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Dividends, buybacks and share count
KIRA summarises the numbers
-
Devon Energy returned $1.7B to shareholders in fiscal 2025, 54% of free cash flow.
The diluted share count fell 0.2%.
Dividends and buybacks
FY16
Dividends $221M
Buybacks $0.0M
FY17
Dividends $127M
Buybacks $0.0M
FY18
Dividends $149M
Buybacks $3.0B
FY19
Dividends $140M
Buybacks $1.8B
FY20
Dividends $257M
Buybacks $38.0M
FY21
Dividends $1.3B
Buybacks $589M
FY22
Dividends $3.4B
Buybacks $718M
FY23
Dividends $1.9B
Buybacks $979M
FY24
Dividends $937M
Buybacks $1.1B
FY25
Dividends $619M
Buybacks $1.1B
Dividends
Buybacks
Dividends and buybacks
Q3 '23
Dividends $312M
Buybacks $0.0M
Q4 '23
Dividends $488M
Buybacks $234M
Q1 '24
Dividends $299M
Buybacks $205M
Q2 '24
Dividends $223M
Buybacks $256M
Q3 '24
Dividends $272M
Buybacks $295M
Q4 '24
Dividends $143M
Buybacks $301M
Q1 '25
Dividends $163M
Buybacks $301M
Q2 '25
Dividends $156M
Buybacks $249M
Q3 '25
Dividends $151M
Buybacks $250M
Q4 '25
Dividends $149M
Buybacks $250M
Q1 '26
Dividends $155M
Buybacks $69.0M
Q2 '26
Dividends $366M
Buybacks $197M
Dividends
Buybacks
Diluted shares outstanding (annual)
FY16
Diluted shares 0.51B
FY17
Diluted shares 0.52B
FY18
Diluted shares 0.50B
FY19
Diluted shares 0.40B
FY20
Diluted shares 0.38B
FY21
Diluted shares 0.67B
FY22
Diluted shares 0.65B
FY23
Diluted shares 0.64B
FY24
Diluted shares 0.63B
FY25
Diluted shares 0.63B
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
KIRA summarises the numbers
-
In the last 12 months, insiders bought $0.2M and sold $5.6M of shares on the open market.
Bought, 12 months
$0.2M
1 insider
Sold, 12 months
$5.6M
4 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 14, 2026 | Clay M GasparPresident and CEO, Director | Bought | 3,913 | $51.08 | $0.2M | Form 4 |
| Sep 14, 2026 | Robert Ferrall Lowe IIIEVP Exploration & Production | Sold | 6,756 | $50.95 | $0.3M | Form 4 |
| Jun 10, 2026 | Andrea AlexanderSVP & Chief Admin Officer | Sold | 18,000 | $46.74 | $0.8M | Form 4 |
| May 14, 2026 | Adam M VelaSVP & General Counsel | Sold | 24,342 | $47.21 | $1.1M | Form 4 |
| May 11, 2026 | Jeffrey L RitenourEVP & Chief Corp Dev Officer | Sold | 70,029 | $46.66 | $3.3M | Form 4 |
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
Cash, debt and the ratios that show how comfortably Devon Energy can carry it.
KIRA summarises the numbers
-
Devon Energy owes $8.0B more than it holds in cash, about 1.1 years of operating profit.
Cash vs debt (incl. leases)
FY16
Cash $1.9B
Debt $10.2B
FY17
Cash $2.6B
Debt $6.7B
FY18
Cash $2.4B
Debt $4.3B
FY19
Cash $1.5B
Debt $4.5B
FY20
Cash $2.0B
Debt $4.6B
FY21
Cash $2.1B
Debt $6.7B
FY22
Cash $1.3B
Debt $6.9B
FY23
Cash $853M
Debt $6.9B
FY24
Cash $811M
Debt $9.7B
FY25
Cash $1.4B
Debt $9.4B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $2.1B | $1.3B | $853M | $811M | $1.4B |
| Debt incl. finance leases | $6.7B | $6.9B | $6.9B | $9.7B | $9.4B |
| Net debt / EBITDA | 0.9x | 0.5x | 0.8x | 1.2x | 1.1x |
| Debt / equity | 0.7x | 0.6x | 0.6x | 0.7x | 0.6x |
| Interest coverage | 8.5x | 22.0x | 13.5x | 10.3x | 8.0x |
| Current ratio | 1.4x | 1.3x | 1.1x | 1.0x | 1.0x |
| Quick ratio | 1.3x | 1.2x | 1.0x | 1.0x | 0.9x |
| Total assets | $21.0B | $23.3B | $24.5B | $30.5B | $31.6B |
| Total liabilities | $11.6B | $12.4B | $12.3B | $15.8B | $16.1B |
| Shareholders' equity | $9.3B | $11.2B | $12.1B | $14.5B | $15.5B |
| Net debt (β = net cash) | $4.6B | $5.6B | $6.1B | $8.9B | $8.0B |
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
KIRA summarises the numbers
-
Its return on capital was 13.0%: every 100 invested in the business earned about 13 in a year.
Return on capital, equity and assets (annual)
FY16
Return on capital β10.8%
Return on equity β13.8%
Return on assets β3.6%
FY17
Return on capital 1.6%
Return on equity 10.3%
Return on assets 3.1%
FY18
Return on capital 6.4%
Return on equity 33.2%
Return on assets 12.3%
FY19
Return on capital 1.2%
Return on equity β4.7%
Return on assets β2.1%
FY20
Return on capital β30.8%
Return on equity β61.7%
Return on assets β22.7%
FY21
Return on capital 32.9%
Return on equity 46.3%
Return on assets 18.2%
FY22
Return on capital 40.9%
Return on equity 59.0%
Return on assets 27.2%
FY23
Return on capital 23.2%
Return on equity 32.2%
Return on assets 15.7%
FY24
Return on capital 15.6%
Return on equity 21.8%
Return on assets 10.5%
FY25
Return on capital 13.0%
Return on equity 17.6%
Return on assets 8.5%
Return on capital
Return on equity
Return on assets
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
KIRA summarises the numbers
-
Devon Energy passes 5 of 8 financial health tests (Piotroski F-score).
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 5 / 8 | 4 / 8 | 5 / 8 |
| Accruals ratio | β11.8% | β13.5% | β13.1% |
| Altman Z'' | 3.30 | 2.78 | 2.89 |
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
Price and value
What does the share cost, and how does it compare?
Value Devon Energy yourself
What could happen to the share if things go badly, normally or very well? Pick a story or make your own. These are examples, not forecasts or price targets.
KIRA summarises the numbers
-
At $51.23 a share, the company is worth $48.2B: 12.2 times its earnings of the last four quarters.
What if� Five stories for the next 5 years
Tap one to see how it is built. Swipe for more.
Make your own scenario
Use the P/E of:
Share in 5 years
$50.52
0% a year
If you put in $1,000 today: $986
At 12x, earnings only need to grow 0.3% a year for the share to be worth todayβs price in 5 years. Faster, you gain; slower, you lose.
These are examples, not forecasts: nobody knows which will happen. Price in 5 years = earnings per share then Γ the P/E then. Dividends are not included.
Advanced models Discounted cash flow and a one-year earnings multiple, with every assumption to tune.
Discounted cash flow
Value per share
β
Adds net cash of β$8.0B and divides by 633.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
β
Reference multiples: today 12.2x Β· peers 12.7x Β· sector 17.4x.
In plain words: In the long run a share tends to follow two things: how much the company earns per share, and how many times those earnings the market is willing to pay (the P/E). Move those two levers and you see what the share could be worth. Different guesses give very different answers.
Similar companies
Each companyβs latest fiscal year. Fiscal years end in different months, so periods donβt line up exactly.
KIRA summarises the numbers
-
Devon Energy grew sales faster than 3 of its 4 similar companies.
Its P/E is higher than 1 of 3.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Devon Energy DVN | $48.2B | 7.8% | β | 18.2% | 13.0% | 12.2x | 5 | |
| Diamondback Energy FANG | $57.5B | 35.8% | 8.4% | β | 1.9% | 38.9x | 4 | Compare β |
| Occidental Petroleum OXY | $63.5B | β1.9% | β | 19.0% | 4.9% | 9.7x | 4 | Compare β |
| EOG Resources EOG | $85.2B | β4.5% | 28.2% | β | 16.2% | 12.5x | 4 | Compare β |
| Woodside Energy WDS | $44.3B | β1.5% | 30.0% | β | 7.1% | β | 4 | Compare β |
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
All figures
Every number, year by year.
10 years of figures
Amounts in USD. Hover a ratioβs name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $6.8B | $6.5B | $8.9B | $6.2B | $4.8B | $12.2B | $19.2B | $15.3B | $15.9B | $17.2B |
| Gross profit | $3.9B | $2.9B | $4.6B | $3.4B | β | β | β | β | β | β |
| Operating income | β$2.9B | β | β | β | β | β | β | β | β | β |
| Interest expense | $488M | $337M | $287M | $260M | $259M | $388M | $370M | $369M | $401M | $497M |
| Pretax income | β$433M | $40.0M | $944M | β$109M | β$3.1B | $2.9B | $7.8B | $4.6B | $3.7B | $3.5B |
| Income tax | $141M | $7.0M | $230M | β$30.0M | β$547M | $65.0M | $1.7B | $841M | $770M | $785M |
| Net income | β$1.1B | $898M | $3.1B | β$355M | β$2.7B | $2.8B | $6.0B | $3.7B | $2.9B | $2.6B |
| Diluted EPS | β$2.09 | $1.70 | $6.10 | β$0.89 | β$7.12 | $4.19 | $9.12 | $5.84 | $4.56 | $4.17 |
| Diluted shares | 0.51B | 0.52B | 0.50B | 0.40B | 0.38B | 0.67B | 0.65B | 0.64B | 0.63B | 0.63B |
| Cash flow | ||||||||||
| Cash from operations | $1.5B | $2.9B | $1.6B | $2.0B | $1.5B | $4.9B | $8.5B | $6.5B | $6.6B | $6.7B |
| Capital expenditure | $1.4B | $1.6B | $2.1B | $1.9B | $1.2B | $2.0B | $2.5B | $3.9B | $3.6B | $3.6B |
| Free cash flow | $116M | $1.3B | β$533M | $133M | $311M | $2.9B | $6.0B | $2.7B | $3.0B | $3.1B |
| Depreciation and amortization | $1.6B | $1.0B | $1.2B | $1.5B | $1.3B | $2.2B | $2.2B | $2.6B | $3.3B | $3.6B |
| Stock-based compensation | $203M | $126M | $137M | $115M | $88.0M | $99.0M | $88.0M | $93.0M | $99.0M | $99.0M |
| Acquisitions | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $3.0B | $1.8B | $38.0M | $589M | $718M | $979M | $1.1B | $1.1B |
| Dividends paid | $221M | $127M | $149M | $140M | $257M | $1.3B | $3.4B | $1.9B | $937M | $619M |
| Dividends and buybacks | $221M | $127M | $3.1B | $2.0B | $295M | $1.9B | $4.1B | $2.8B | $2.0B | $1.7B |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.9B | $2.6B | $2.4B | $1.5B | $2.0B | $2.1B | $1.3B | $853M | $811M | $1.4B |
| Total debt | $10.2B | $6.7B | $4.3B | $4.3B | $4.3B | $6.5B | $6.7B | $6.6B | $9.4B | $9.4B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $247M | $252M | $255M | $257M | $307M | $318M | $23.0M |
| Current assets | $3.8B | $4.8B | $4.4B | $3.9B | $3.3B | $4.2B | $3.9B | $3.2B | $3.4B | $4.0B |
| Current liabilities | $2.6B | $3.3B | $2.2B | $1.9B | $1.4B | $3.1B | $3.1B | $2.9B | $3.3B | $4.1B |
| Inventory | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $114M | $201M | $249M | $294M | $336M |
| Property and equipment, net | $14.3B | $14.6B | $8.5B | $8.6B | $5.4B | $15.0B | $18.1B | $19.3B | $25.0B | $25.4B |
| Total assets | $28.7B | $30.2B | $19.6B | $13.7B | $9.9B | $21.0B | $23.3B | $24.5B | $30.5B | $31.6B |
| Total liabilities | $16.0B | $16.1B | $10.4B | $7.8B | $6.9B | $11.6B | $12.4B | $12.3B | $15.8B | $16.1B |
| Shareholders' equity | $8.3B | $9.3B | $9.2B | $5.8B | $2.9B | $9.3B | $11.2B | $12.1B | $14.5B | $15.5B |
| Margins | ||||||||||
| Gross margin | 58.2% | 45.3% | 51.4% | 54.8% | β | β | β | β | β | β |
| Operating margin | β42.9% | β | β | β | β | β | β | β | β | β |
| EBITDA margin | β19.3% | 21.3% | 27.6% | 26.5% | β31.7% | 44.6% | 54.1% | 49.5% | 46.2% | 44.0% |
| Net margin | β15.6% | 13.8% | 34.4% | β5.7% | β55.5% | 23.1% | 31.5% | 24.5% | 18.2% | 15.4% |
| FCF margin | 1.7% | 19.9% | β6.0% | 2.1% | 6.4% | 23.8% | 31.2% | 17.4% | 18.5% | 18.2% |
| Returns | ||||||||||
| Return on capital | β10.8% | 1.6% | 6.4% | 1.2% | β30.8% | 32.9% | 40.9% | 23.2% | 15.6% | 13.0% |
| Return on capital employed | β11.0% | 1.4% | 5.6% | 1.0% | β27.9% | 24.9% | 42.8% | 23.9% | 16.9% | 14.5% |
| Return on equity | β13.8% | 10.3% | 33.2% | β4.7% | β61.7% | 46.3% | 59.0% | 32.2% | 21.8% | 17.6% |
| Return on assets | β3.6% | 3.1% | 12.3% | β2.1% | β22.7% | 18.2% | 27.2% | 15.7% | 10.5% | 8.5% |
| Growth | ||||||||||
| Revenue growth | β48.6% | β3.7% | 36.8% | β30.1% | β22.4% | 152.8% | 57.1% | β20.4% | 4.5% | 7.8% |
| Net income growth | β | β | 241.2% | β111.6% | β | β | 114.4% | β38.0% | β22.6% | β8.7% |
| EPS growth | β | β | 258.8% | β114.6% | β | β | 117.7% | β36.0% | β21.9% | β8.6% |
| FCF growth | 4.5% | 1,016.4% | β141.2% | β | 133.8% | 835.7% | 105.8% | β55.6% | 11.1% | 5.6% |
| Share count change | 24.6% | 2.6% | β4.4% | β19.3% | β6.0% | 76.4% | β1.8% | β1.7% | β1.3% | β0.2% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | 3.0x | 0.8x | 1.9x | β | 0.9x | 0.5x | 0.8x | 1.2x | 1.1x |
| Debt / equity | 1.2x | 0.7x | 0.5x | 0.8x | 1.6x | 0.7x | 0.6x | 0.6x | 0.7x | 0.6x |
| Interest coverage | β5.9x | 1.1x | 4.3x | 0.6x | β10.9x | 8.5x | 22.0x | 13.5x | 10.3x | 8.0x |
| Current ratio | 1.4x | 1.5x | 2.0x | 2.0x | 2.3x | 1.4x | 1.3x | 1.1x | 1.0x | 1.0x |
| Quick ratio | 1.4x | 1.5x | 2.0x | 2.0x | 2.3x | 1.3x | 1.2x | 1.0x | 1.0x | 0.9x |
| Capital allocation | ||||||||||
| Capex / revenue | 20.5% | 24.8% | 23.8% | 30.7% | 23.9% | 16.3% | 13.3% | 25.5% | 22.9% | 20.9% |
| Stock comp / revenue | 3.0% | 1.9% | 1.5% | 1.9% | 1.8% | 0.8% | 0.5% | 0.6% | 0.6% | 0.6% |
| Payouts / FCF | 190.5% | 9.8% | β | 1,495.5% | 94.9% | 65.4% | 68.4% | 106.6% | 67.5% | 53.5% |
| Quality scores | ||||||||||
| Piotroski F-score | 4.0 | 6.0 | 8.0 | 6.0 | 5.0 | 5.0 | 6.0 | 5.0 | 4.0 | 5.0 |
| Altman Z'' | 0.4 | 1.4 | 2.7 | 2.5 | β0.2 | 2.5 | 4.1 | 3.3 | 2.8 | 2.9 |
| Accruals ratio | β8.8% | β6.8% | 6.0% | β14.4% | β35.1% | β13.5% | β11.3% | β11.8% | β13.5% | β13.1% |
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
Source: SEC EDGAR XBRL filings (CIK 0001090012). Data updated October 10, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.