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Side-by-side financial comparison of Devon Energy (DVN) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
Devon Energy is the larger business by last-quarter revenue ($3.9B vs $2.2B, roughly 1.8× RENAISSANCERE HOLDINGS LTD). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs 14.3%, a 9.2% gap on every dollar of revenue. On growth, Devon Energy posted the faster year-over-year revenue change (-12.3% vs -36.8%). Over the past eight quarters, Devon Energy's revenue compounded faster (2.6% CAGR vs -11.9%).
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.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
DVN vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $2.2B |
| Net Profit | $562.0M | $515.8M |
| Gross Margin | — | — |
| Operating Margin | 19.0% | — |
| Net Margin | 14.3% | 23.5% |
| Revenue YoY | -12.3% | -36.8% |
| Net Profit YoY | -12.1% | 72.6% |
| EPS (diluted) | $0.90 | $6.57 |
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 | — | $2.2B | ||
| Q4 25 | $3.9B | $3.0B | ||
| Q3 25 | $4.3B | $3.2B | ||
| Q2 25 | $4.0B | $3.2B | ||
| Q1 25 | $4.5B | $3.5B | ||
| Q4 24 | $4.5B | $2.3B | ||
| Q3 24 | $3.8B | $4.0B | ||
| Q2 24 | $3.9B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $562.0M | $760.5M | ||
| Q3 25 | $687.0M | $916.5M | ||
| Q2 25 | $899.0M | $835.4M | ||
| Q1 25 | $494.0M | $170.0M | ||
| Q4 24 | $639.0M | $-189.7M | ||
| Q3 24 | $812.0M | $1.2B | ||
| Q2 24 | $844.0M | $503.9M |
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | 42.5% | ||
| Q3 25 | 21.5% | 46.3% | ||
| Q2 25 | 28.7% | 41.8% | ||
| Q1 25 | 14.2% | -2.0% | ||
| Q4 24 | 18.7% | -3.6% | ||
| Q3 24 | 28.0% | 43.7% | ||
| Q2 24 | 26.7% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | 14.3% | 25.6% | ||
| Q3 25 | 16.2% | 28.7% | ||
| Q2 25 | 22.2% | 26.1% | ||
| Q1 25 | 10.9% | 4.9% | ||
| Q4 24 | 14.2% | -8.3% | ||
| Q3 24 | 21.4% | 29.8% | ||
| Q2 24 | 21.7% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.90 | $16.16 | ||
| Q3 25 | $1.09 | $19.40 | ||
| Q2 25 | $1.41 | $17.20 | ||
| Q1 25 | $0.77 | $3.27 | ||
| Q4 24 | $0.98 | $-3.76 | ||
| Q3 24 | $1.30 | $22.62 | ||
| Q2 24 | $1.34 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | $8.4B | — |
| Stockholders' EquityBook value | $15.5B | $4.3B |
| Total Assets | $31.6B | $53.7B |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $811.0M | $1.7B | ||
| Q3 24 | $645.0M | $1.6B | ||
| Q2 24 | $1.1B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $8.4B | $2.3B | ||
| Q3 25 | $8.4B | $2.2B | ||
| Q2 25 | $8.9B | $2.3B | ||
| Q1 25 | $8.9B | $2.8B | ||
| Q4 24 | $8.9B | $1.9B | ||
| Q3 24 | $8.9B | $1.9B | ||
| Q2 24 | $6.1B | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $15.5B | $11.6B | ||
| Q3 25 | $15.3B | $11.5B | ||
| Q2 25 | $15.1B | $10.8B | ||
| Q1 25 | $14.5B | $10.3B | ||
| Q4 24 | $14.5B | $10.6B | ||
| Q3 24 | $14.3B | $11.2B | ||
| Q2 24 | $12.6B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $31.6B | $53.8B | ||
| Q3 25 | $31.2B | $54.5B | ||
| Q2 25 | $31.4B | $54.7B | ||
| Q1 25 | $30.9B | $53.6B | ||
| Q4 24 | $30.5B | $50.7B | ||
| Q3 24 | $30.3B | $52.8B | ||
| Q2 24 | $25.2B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.54× | 0.20× | ||
| Q3 25 | 0.55× | 0.19× | ||
| Q2 25 | 0.59× | 0.21× | ||
| Q1 25 | 0.61× | 0.27× | ||
| Q4 24 | 0.61× | 0.18× | ||
| Q3 24 | 0.62× | 0.17× | ||
| Q2 24 | 0.49× | 0.19× |
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 | — |
| Free Cash FlowOCF − Capex | $702.0M | — |
| FCF MarginFCF / Revenue | 17.8% | — |
| Capex IntensityCapex / Revenue | 21.1% | — |
| Cash ConversionOCF / Net Profit | 2.73× | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $483.0M | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.9B | $157.8M | ||
| Q4 24 | $1.7B | $778.9M | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.5B | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $702.0M | — | ||
| Q3 25 | $820.0M | — | ||
| Q2 25 | $589.0M | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $738.0M | — | ||
| Q3 24 | $786.0M | — | ||
| Q2 24 | $587.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 17.8% | — | ||
| Q3 25 | 19.3% | — | ||
| Q2 25 | 14.6% | — | ||
| Q1 25 | 22.2% | — | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 20.7% | — | ||
| Q2 24 | 15.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 21.1% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 23.6% | — | ||
| Q1 25 | 20.5% | — | ||
| Q4 24 | 20.6% | — | ||
| Q3 24 | 23.1% | — | ||
| Q2 24 | 24.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.73× | 0.64× | ||
| Q3 25 | 2.46× | 1.73× | ||
| Q2 25 | 1.72× | 1.76× | ||
| Q1 25 | 3.93× | 0.93× | ||
| Q4 24 | 2.60× | — | ||
| Q3 24 | 2.05× | 1.26× | ||
| Q2 24 | 1.82× | 2.41× |
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% |
RNR
Segment breakdown not available.
