vs
Side-by-side financial comparison of Devon Energy (DVN) and Sea Ltd (SE). Click either name above to swap in a different company.
Sea Ltd is the larger business by last-quarter revenue ($22.9B vs $3.8B, roughly 6.0× Devon Energy). Sea Ltd runs the higher net margin — 7.0% vs 3.2%, a 3.9% gap on every dollar of revenue. On growth, Sea Ltd posted the faster year-over-year revenue change (363.4% vs -14.5%). Over the past eight quarters, Sea Ltd's revenue compounded faster (147.8% CAGR vs -1.1%).
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.
Sea Limited is a tech conglomerate headquartered in Singapore. It is listed on the New York Stock Exchange, with revenue of US$16.8 billion (2024). Sea currently functions as a holding company for Garena, Monee and Shopee, the largest e-commerce platform in Southeast Asia.
DVN vs SE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $22.9B |
| Net Profit | $120.0M | $1.6B |
| Gross Margin | — | 44.7% |
| Operating Margin | — | 8.7% |
| Net Margin | 3.2% | 7.0% |
| Revenue YoY | -14.5% | 363.4% |
| Net Profit YoY | -76.4% | — |
| EPS (diluted) | $0.19 | $2.52 |
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 | $3.8B | — | ||
| Q4 25 | $3.9B | $22.9B | ||
| Q3 25 | $4.3B | $6.0B | ||
| Q2 25 | $4.0B | $5.3B | ||
| Q1 25 | $4.5B | $4.8B | ||
| Q4 24 | $4.5B | $5.0B | ||
| Q3 24 | $3.8B | $4.3B | ||
| Q2 24 | $3.9B | $3.8B |
| Q1 26 | $120.0M | — | ||
| Q4 25 | $562.0M | $1.6B | ||
| Q3 25 | $687.0M | $375.0M | ||
| Q2 25 | $899.0M | $414.2M | ||
| Q1 25 | $494.0M | $-7.8M | ||
| Q4 24 | $639.0M | — | ||
| Q3 24 | $812.0M | — | ||
| Q2 24 | $844.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 44.7% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 46.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | 8.7% | ||
| Q3 25 | 21.5% | 8.0% | ||
| Q2 25 | 28.7% | 9.3% | ||
| Q1 25 | 14.2% | 9.4% | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 28.0% | — | ||
| Q2 24 | 26.7% | — |
| Q1 26 | 3.2% | — | ||
| Q4 25 | 14.3% | 7.0% | ||
| Q3 25 | 16.2% | 6.3% | ||
| Q2 25 | 22.2% | 7.9% | ||
| Q1 25 | 10.9% | -0.2% | ||
| Q4 24 | 14.2% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 21.7% | — |
| Q1 26 | $0.19 | — | ||
| Q4 25 | $0.90 | $2.52 | ||
| Q3 25 | $1.09 | $0.59 | ||
| Q2 25 | $1.41 | $0.65 | ||
| Q1 25 | $0.77 | $0.65 | ||
| Q4 24 | $0.98 | — | ||
| Q3 24 | $1.30 | — | ||
| Q2 24 | $1.34 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.8B | $10.6B |
| Total DebtLower is stronger | $8.4B | — |
| Stockholders' EquityBook value | $15.4B | $12.6B |
| Total Assets | $32.5B | $29.4B |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.4B | $10.6B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $811.0M | $8.6B | ||
| Q3 24 | $645.0M | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | $8.4B | — | ||
| Q4 25 | $8.4B | — | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $8.9B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | $8.9B | — | ||
| Q2 24 | $6.1B | — |
| Q1 26 | $15.4B | — | ||
| Q4 25 | $15.5B | $12.6B | ||
| Q3 25 | $15.3B | — | ||
| Q2 25 | $15.1B | — | ||
| Q1 25 | $14.5B | — | ||
| Q4 24 | $14.5B | $8.4B | ||
| Q3 24 | $14.3B | — | ||
| Q2 24 | $12.6B | — |
| Q1 26 | $32.5B | — | ||
| Q4 25 | $31.6B | $29.4B | ||
| Q3 25 | $31.2B | — | ||
| Q2 25 | $31.4B | — | ||
| Q1 25 | $30.9B | — | ||
| Q4 24 | $30.5B | $22.6B | ||
| Q3 24 | $30.3B | — | ||
| Q2 24 | $25.2B | — |
| Q1 26 | 0.54× | — | ||
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | 0.61× | — | ||
| 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 | — | $5.0B |
| Free Cash FlowOCF − Capex | $12.0M | — |
| FCF MarginFCF / Revenue | 0.3% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | — | 3.12× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $5.0B | ||
| Q3 25 | $1.7B | $3.5B | ||
| Q2 25 | $1.5B | $2.4B | ||
| Q1 25 | $1.9B | $756.9M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.5B | — |
| Q1 26 | $12.0M | — | ||
| 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 | 0.3% | — | ||
| 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 | 0.2% | — | ||
| 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× | 3.12× | ||
| Q3 25 | 2.46× | 9.46× | ||
| Q2 25 | 1.72× | 5.73× | ||
| Q1 25 | 3.93× | — | ||
| Q4 24 | 2.60× | — | ||
| Q3 24 | 2.05× | — | ||
| Q2 24 | 1.82× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DVN
| Oil, gas and NGL sales | $3.0B | 78% |
| Other | $646.0M | 17% |
| Oil, gas and NGL derivatives (1) | $184.0M | 5% |
SE
Segment breakdown not available.
