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Side-by-side financial comparison of Devon Energy (DVN) and PulteGroup (PHM). Click either name above to swap in a different company.
Devon Energy is the larger business by last-quarter revenue ($3.9B vs $3.4B, roughly 1.2× PulteGroup). Devon Energy runs the higher net margin — 14.3% vs 10.2%, a 4.1% gap on every dollar of revenue. On growth, Devon Energy posted the faster year-over-year revenue change (-12.3% vs -12.4%). Over the past eight quarters, Devon Energy's revenue compounded faster (2.6% CAGR vs -13.9%).
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.
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
DVN vs PHM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $3.4B |
| Net Profit | $562.0M | $347.0M |
| Gross Margin | — | — |
| Operating Margin | 19.0% | — |
| Net Margin | 14.3% | 10.2% |
| Revenue YoY | -12.3% | -12.4% |
| Net Profit YoY | -12.1% | -33.6% |
| EPS (diluted) | $0.90 | — |
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.
| Q1 26 | — | $3.4B | ||
| Q4 25 | $3.9B | $4.6B | ||
| Q3 25 | $4.3B | $4.4B | ||
| Q2 25 | $4.0B | $4.4B | ||
| Q1 25 | $4.5B | $3.9B | ||
| Q4 24 | $4.5B | $4.9B | ||
| Q3 24 | $3.8B | $4.5B | ||
| Q2 24 | $3.9B | $4.6B |
| Q1 26 | — | $347.0M | ||
| Q4 25 | $562.0M | $501.6M | ||
| Q3 25 | $687.0M | $585.8M | ||
| Q2 25 | $899.0M | $608.5M | ||
| Q1 25 | $494.0M | $522.8M | ||
| Q4 24 | $639.0M | $913.2M | ||
| Q3 24 | $812.0M | $697.9M | ||
| Q2 24 | $844.0M | $809.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | — | 28.6% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 28.7% | — | ||
| Q1 25 | 14.2% | — | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 28.0% | — | ||
| Q2 24 | 26.7% | — |
| Q1 26 | — | 10.2% | ||
| Q4 25 | 14.3% | 10.9% | ||
| Q3 25 | 16.2% | 13.3% | ||
| Q2 25 | 22.2% | 13.8% | ||
| Q1 25 | 10.9% | 13.4% | ||
| Q4 24 | 14.2% | 18.6% | ||
| Q3 24 | 21.4% | 15.6% | ||
| Q2 24 | 21.7% | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | $0.90 | $2.56 | ||
| Q3 25 | $1.09 | $2.96 | ||
| Q2 25 | $1.41 | $3.03 | ||
| Q1 25 | $0.77 | $2.57 | ||
| Q4 24 | $0.98 | $4.41 | ||
| Q3 24 | $1.30 | $3.35 | ||
| Q2 24 | $1.34 | $3.83 |
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 | $1.8B |
| Total DebtLower is stronger | $8.4B | — |
| Stockholders' EquityBook value | $15.5B | $13.0B |
| Total Assets | $31.6B | $5.2B |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $811.0M | $1.6B | ||
| Q3 24 | $645.0M | $1.4B | ||
| Q2 24 | $1.1B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $8.4B | $43.9M | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $8.9B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.9B | $31.1M | ||
| Q3 24 | $8.9B | — | ||
| Q2 24 | $6.1B | — |
| Q1 26 | — | $13.0B | ||
| Q4 25 | $15.5B | $13.0B | ||
| Q3 25 | $15.3B | $12.8B | ||
| Q2 25 | $15.1B | $12.6B | ||
| Q1 25 | $14.5B | $12.3B | ||
| Q4 24 | $14.5B | $12.1B | ||
| Q3 24 | $14.3B | $11.6B | ||
| Q2 24 | $12.6B | $11.2B |
| Q1 26 | — | $5.2B | ||
| Q4 25 | $31.6B | $18.0B | ||
| Q3 25 | $31.2B | $17.9B | ||
| Q2 25 | $31.4B | $17.6B | ||
| Q1 25 | $30.9B | $17.3B | ||
| Q4 24 | $30.5B | $17.4B | ||
| Q3 24 | $30.3B | $17.0B | ||
| Q2 24 | $25.2B | $16.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.54× | 0.00× | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | 0.61× | 0.00× | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.49× | — |
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 | $159.8M |
| Free Cash FlowOCF − Capex | $702.0M | — |
| FCF MarginFCF / Revenue | 17.8% | — |
| Capex IntensityCapex / Revenue | 21.1% | 0.7% |
| Cash ConversionOCF / Net Profit | 2.73× | 0.46× |
| TTM Free Cash FlowTrailing 4 quarters | $3.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $159.8M | ||
| Q4 25 | $1.5B | $771.1M | ||
| Q3 25 | $1.7B | $678.4M | ||
| Q2 25 | $1.5B | $287.5M | ||
| Q1 25 | $1.9B | $134.2M | ||
| Q4 24 | $1.7B | $567.6M | ||
| Q3 24 | $1.7B | $455.9M | ||
| Q2 24 | $1.5B | $417.5M |
| Q1 26 | — | — | ||
| Q4 25 | $702.0M | $739.8M | ||
| Q3 25 | $820.0M | $651.1M | ||
| Q2 25 | $589.0M | $253.0M | ||
| Q1 25 | $1.0B | $104.6M | ||
| Q4 24 | $738.0M | $543.1M | ||
| Q3 24 | $786.0M | $417.2M | ||
| Q2 24 | $587.0M | $386.2M |
| Q1 26 | — | — | ||
| Q4 25 | 17.8% | 16.0% | ||
| Q3 25 | 19.3% | 14.8% | ||
| Q2 25 | 14.6% | 5.7% | ||
| Q1 25 | 22.2% | 2.7% | ||
| Q4 24 | 16.4% | 11.0% | ||
| Q3 24 | 20.7% | 9.3% | ||
| Q2 24 | 15.1% | 8.4% |
| Q1 26 | — | 0.7% | ||
| Q4 25 | 21.1% | 0.7% | ||
| Q3 25 | 20.5% | 0.6% | ||
| Q2 25 | 23.6% | 0.8% | ||
| Q1 25 | 20.5% | 0.8% | ||
| Q4 24 | 20.6% | 0.5% | ||
| Q3 24 | 23.1% | 0.9% | ||
| Q2 24 | 24.3% | 0.7% |
| Q1 26 | — | 0.46× | ||
| Q4 25 | 2.73× | 1.54× | ||
| Q3 25 | 2.46× | 1.16× | ||
| Q2 25 | 1.72× | 0.47× | ||
| Q1 25 | 3.93× | 0.26× | ||
| Q4 24 | 2.60× | 0.62× | ||
| Q3 24 | 2.05× | 0.65× | ||
| Q2 24 | 1.82× | 0.52× |
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% |
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
