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Side-by-side financial comparison of Devon Energy (DVN) and KeyCorp (KEY). Click either name above to swap in a different company.
Devon Energy is the larger business by last-quarter revenue ($3.9B vs $2.0B, roughly 2.0× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs 14.3%, a 11.2% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs -12.3%). KeyCorp produced more free cash flow last quarter ($2.1B vs $702.0M). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% CAGR vs 2.6%).
Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.
Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.
DVN vs KEY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $2.0B |
| Net Profit | $562.0M | $510.0M |
| Gross Margin | — | — |
| Operating Margin | 19.0% | 32.3% |
| Net Margin | 14.3% | 25.4% |
| Revenue YoY | -12.3% | 131.8% |
| Net Profit YoY | -12.1% | 309.0% |
| EPS (diluted) | $0.90 | $0.43 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $3.9B | $2.0B | ||
| Q3 25 | $4.3B | $1.9B | ||
| Q2 25 | $4.0B | $1.8B | ||
| Q1 25 | $4.5B | $1.8B | ||
| Q4 24 | $4.5B | $865.0M | ||
| Q3 24 | $3.8B | $695.0M | ||
| Q2 24 | $3.9B | $1.5B | ||
| Q1 24 | $3.7B | $1.5B |
| Q4 25 | $562.0M | $510.0M | ||
| Q3 25 | $687.0M | $489.0M | ||
| Q2 25 | $899.0M | $425.0M | ||
| Q1 25 | $494.0M | $405.0M | ||
| Q4 24 | $639.0M | $-244.0M | ||
| Q3 24 | $812.0M | $-410.0M | ||
| Q2 24 | $844.0M | $274.0M | ||
| Q1 24 | $596.0M | $219.0M |
| Q4 25 | 19.0% | 32.3% | ||
| Q3 25 | 21.5% | 31.8% | ||
| Q2 25 | 28.7% | 29.3% | ||
| Q1 25 | 14.2% | 29.0% | ||
| Q4 24 | 18.7% | -92.6% | ||
| Q3 24 | 28.0% | -72.8% | ||
| Q2 24 | 26.7% | 22.0% | ||
| Q1 24 | 20.5% | 18.1% |
| Q4 25 | 14.3% | 25.4% | ||
| Q3 25 | 16.2% | 25.8% | ||
| Q2 25 | 22.2% | 23.1% | ||
| Q1 25 | 10.9% | 22.8% | ||
| Q4 24 | 14.2% | -54.7% | ||
| Q3 24 | 21.4% | -59.0% | ||
| Q2 24 | 21.7% | 18.0% | ||
| Q1 24 | 15.9% | 14.3% |
| Q4 25 | $0.90 | $0.43 | ||
| Q3 25 | $1.09 | $0.41 | ||
| Q2 25 | $1.41 | $0.35 | ||
| Q1 25 | $0.77 | $0.33 | ||
| Q4 24 | $0.98 | $-0.30 | ||
| Q3 24 | $1.30 | $-0.47 | ||
| Q2 24 | $1.34 | $0.25 | ||
| Q1 24 | $0.94 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | $10.2B |
| Total DebtLower is stronger | $8.4B | $9.9B |
| Stockholders' EquityBook value | $15.5B | $20.4B |
| Total Assets | $31.6B | $184.4B |
| Debt / EquityLower = less leverage | 0.54× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $10.2B | ||
| Q3 25 | $1.2B | $13.3B | ||
| Q2 25 | $1.7B | $11.6B | ||
| Q1 25 | $1.2B | $15.3B | ||
| Q4 24 | $811.0M | $17.5B | ||
| Q3 24 | $645.0M | $22.8B | ||
| Q2 24 | $1.1B | $15.5B | ||
| Q1 24 | $1.1B | $13.2B |
| Q4 25 | $8.4B | $9.9B | ||
| Q3 25 | $8.4B | $10.9B | ||
| Q2 25 | $8.9B | $12.1B | ||
| Q1 25 | $8.9B | $12.4B | ||
| Q4 24 | $8.9B | $12.1B | ||
| Q3 24 | $8.9B | $15.7B | ||
| Q2 24 | $6.1B | $16.9B | ||
| Q1 24 | $6.1B | $20.8B |
| Q4 25 | $15.5B | $20.4B | ||
| Q3 25 | $15.3B | $20.1B | ||
| Q2 25 | $15.1B | $19.5B | ||
| Q1 25 | $14.5B | $19.0B | ||
| Q4 24 | $14.5B | $18.2B | ||
| Q3 24 | $14.3B | $16.9B | ||
| Q2 24 | $12.6B | $14.8B | ||
| Q1 24 | $12.2B | $14.5B |
| Q4 25 | $31.6B | $184.4B | ||
| Q3 25 | $31.2B | $187.4B | ||
| Q2 25 | $31.4B | $185.5B | ||
| Q1 25 | $30.9B | $188.7B | ||
| Q4 24 | $30.5B | $187.2B | ||
| Q3 24 | $30.3B | $189.8B | ||
| Q2 24 | $25.2B | $187.4B | ||
| Q1 24 | $25.0B | $187.5B |
| Q4 25 | 0.54× | 0.49× | ||
| Q3 25 | 0.55× | 0.54× | ||
| Q2 25 | 0.59× | 0.62× | ||
| Q1 25 | 0.61× | 0.65× | ||
| Q4 24 | 0.61× | 0.67× | ||
| Q3 24 | 0.62× | 0.93× | ||
| Q2 24 | 0.49× | 1.14× | ||
| Q1 24 | 0.51× | 1.43× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5B | $2.2B |
| Free Cash FlowOCF − Capex | $702.0M | $2.1B |
| FCF MarginFCF / Revenue | 17.8% | 104.8% |
| Capex IntensityCapex / Revenue | 21.1% | 5.3% |
| Cash ConversionOCF / Net Profit | 2.73× | 4.33× |
| TTM Free Cash FlowTrailing 4 quarters | $3.1B | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $1.7B | $396.0M | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.9B | $-140.0M | ||
| Q4 24 | $1.7B | $664.0M | ||
| Q3 24 | $1.7B | $-1.2B | ||
| Q2 24 | $1.5B | $-217.0M | ||
| Q1 24 | $1.7B | $359.0M |
| Q4 25 | $702.0M | $2.1B | ||
| Q3 25 | $820.0M | $367.0M | ||
| Q2 25 | $589.0M | $1.2B | ||
| Q1 25 | $1.0B | $-150.0M | ||
| Q4 24 | $738.0M | $599.0M | ||
| Q3 24 | $786.0M | $-1.2B | ||
| Q2 24 | $587.0M | $-230.0M | ||
| Q1 24 | $844.0M | $347.0M |
| Q4 25 | 17.8% | 104.8% | ||
| Q3 25 | 19.3% | 19.4% | ||
| Q2 25 | 14.6% | 65.8% | ||
| Q1 25 | 22.2% | -8.5% | ||
| Q4 24 | 16.4% | 69.2% | ||
| Q3 24 | 20.7% | -175.8% | ||
| Q2 24 | 15.1% | -15.1% | ||
| Q1 24 | 22.6% | 22.6% |
| Q4 25 | 21.1% | 5.3% | ||
| Q3 25 | 20.5% | 1.5% | ||
| Q2 25 | 23.6% | 1.3% | ||
| Q1 25 | 20.5% | 0.6% | ||
| Q4 24 | 20.6% | 7.5% | ||
| Q3 24 | 23.1% | 2.4% | ||
| Q2 24 | 24.3% | 0.9% | ||
| Q1 24 | 23.9% | 0.8% |
| Q4 25 | 2.73× | 4.33× | ||
| Q3 25 | 2.46× | 0.81× | ||
| Q2 25 | 1.72× | 2.90× | ||
| Q1 25 | 3.93× | -0.35× | ||
| Q4 24 | 2.60× | — | ||
| Q3 24 | 2.05× | — | ||
| Q2 24 | 1.82× | -0.79× | ||
| Q1 24 | 2.92× | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DVN
| Oil Gas And NGL Sales | $2.6B | 65% |
| Marketing And Midstream Revenues | $1.4B | 35% |
KEY
Segment breakdown not available.
