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Side-by-side financial comparison of Devon Energy (DVN) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
Devon Energy is the larger business by last-quarter revenue ($3.9B vs $3.7B, roughly 1.1× SHOPIFY INC.). SHOPIFY INC. runs the higher net margin — 20.2% vs 14.3%, a 6.0% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs -12.3%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $702.0M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% 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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
DVN vs SHOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $3.7B |
| Net Profit | $562.0M | $743.0M |
| Gross Margin | — | 46.1% |
| Operating Margin | 19.0% | 17.2% |
| Net Margin | 14.3% | 20.2% |
| Revenue YoY | -12.3% | 30.6% |
| Net Profit YoY | -12.1% | -42.5% |
| EPS (diluted) | $0.90 | $0.58 |
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 | $3.7B | ||
| Q3 25 | $4.3B | $2.8B | ||
| Q2 25 | $4.0B | $2.7B | ||
| Q1 25 | $4.5B | $2.4B | ||
| Q4 24 | $4.5B | $2.8B | ||
| Q3 24 | $3.8B | $2.2B | ||
| Q2 24 | $3.9B | $2.0B | ||
| Q1 24 | $3.7B | $1.9B |
| Q4 25 | $562.0M | $743.0M | ||
| Q3 25 | $687.0M | $264.0M | ||
| Q2 25 | $899.0M | $906.0M | ||
| Q1 25 | $494.0M | $-682.0M | ||
| Q4 24 | $639.0M | $1.3B | ||
| Q3 24 | $812.0M | $828.0M | ||
| Q2 24 | $844.0M | $171.0M | ||
| Q1 24 | $596.0M | $-273.0M |
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% | ||
| Q1 24 | — | 51.4% |
| Q4 25 | 19.0% | 17.2% | ||
| Q3 25 | 21.5% | 12.1% | ||
| Q2 25 | 28.7% | 10.9% | ||
| Q1 25 | 14.2% | 8.6% | ||
| Q4 24 | 18.7% | 16.5% | ||
| Q3 24 | 28.0% | 13.1% | ||
| Q2 24 | 26.7% | 11.8% | ||
| Q1 24 | 20.5% | 4.6% |
| Q4 25 | 14.3% | 20.2% | ||
| Q3 25 | 16.2% | 9.3% | ||
| Q2 25 | 22.2% | 33.8% | ||
| Q1 25 | 10.9% | -28.9% | ||
| Q4 24 | 14.2% | 46.0% | ||
| Q3 24 | 21.4% | 38.3% | ||
| Q2 24 | 21.7% | 8.4% | ||
| Q1 24 | 15.9% | -14.7% |
| Q4 25 | $0.90 | $0.58 | ||
| Q3 25 | $1.09 | $0.20 | ||
| Q2 25 | $1.41 | $0.69 | ||
| Q1 25 | $0.77 | $-0.53 | ||
| Q4 24 | $0.98 | $0.99 | ||
| Q3 24 | $1.30 | $0.64 | ||
| Q2 24 | $1.34 | $0.13 | ||
| Q1 24 | $0.94 | $-0.21 |
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 | $5.8B |
| Total DebtLower is stronger | $8.4B | — |
| Stockholders' EquityBook value | $15.5B | $13.5B |
| Total Assets | $31.6B | $15.2B |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $5.8B | ||
| Q3 25 | $1.2B | $6.3B | ||
| Q2 25 | $1.7B | $5.8B | ||
| Q1 25 | $1.2B | $5.5B | ||
| Q4 24 | $811.0M | $5.5B | ||
| Q3 24 | $645.0M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| 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 24 | $6.1B | — |
| Q4 25 | $15.5B | $13.5B | ||
| Q3 25 | $15.3B | $12.5B | ||
| Q2 25 | $15.1B | $12.1B | ||
| Q1 25 | $14.5B | $11.1B | ||
| Q4 24 | $14.5B | $11.6B | ||
| Q3 24 | $14.3B | $10.1B | ||
| Q2 24 | $12.6B | $9.2B | ||
| Q1 24 | $12.2B | $8.9B |
| Q4 25 | $31.6B | $15.2B | ||
| Q3 25 | $31.2B | $15.0B | ||
| Q2 25 | $31.4B | $14.6B | ||
| Q1 25 | $30.9B | $13.4B | ||
| Q4 24 | $30.5B | $13.9B | ||
| Q3 24 | $30.3B | — | ||
| Q2 24 | $25.2B | — | ||
| Q1 24 | $25.0B | — |
| 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× | — | ||
| Q1 24 | 0.51× | — |
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 | $725.0M |
| Free Cash FlowOCF − Capex | $702.0M | $715.0M |
| FCF MarginFCF / Revenue | 17.8% | 19.5% |
| Capex IntensityCapex / Revenue | 21.1% | 0.3% |
| Cash ConversionOCF / Net Profit | 2.73× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $3.1B | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $725.0M | ||
| Q3 25 | $1.7B | $513.0M | ||
| Q2 25 | $1.5B | $428.0M | ||
| Q1 25 | $1.9B | $367.0M | ||
| Q4 24 | $1.7B | $615.0M | ||
| Q3 24 | $1.7B | $423.0M | ||
| Q2 24 | $1.5B | $340.0M | ||
| Q1 24 | $1.7B | $238.0M |
| Q4 25 | $702.0M | $715.0M | ||
| Q3 25 | $820.0M | $507.0M | ||
| Q2 25 | $589.0M | $422.0M | ||
| Q1 25 | $1.0B | $363.0M | ||
| Q4 24 | $738.0M | $611.0M | ||
| Q3 24 | $786.0M | $421.0M | ||
| Q2 24 | $587.0M | $333.0M | ||
| Q1 24 | $844.0M | $232.0M |
| Q4 25 | 17.8% | 19.5% | ||
| Q3 25 | 19.3% | 17.8% | ||
| Q2 25 | 14.6% | 15.7% | ||
| Q1 25 | 22.2% | 15.4% | ||
| Q4 24 | 16.4% | 21.7% | ||
| Q3 24 | 20.7% | 19.5% | ||
| Q2 24 | 15.1% | 16.3% | ||
| Q1 24 | 22.6% | 12.5% |
| Q4 25 | 21.1% | 0.3% | ||
| Q3 25 | 20.5% | 0.2% | ||
| Q2 25 | 23.6% | 0.2% | ||
| Q1 25 | 20.5% | 0.2% | ||
| Q4 24 | 20.6% | 0.1% | ||
| Q3 24 | 23.1% | 0.1% | ||
| Q2 24 | 24.3% | 0.3% | ||
| Q1 24 | 23.9% | 0.3% |
| Q4 25 | 2.73× | 0.98× | ||
| Q3 25 | 2.46× | 1.94× | ||
| Q2 25 | 1.72× | 0.47× | ||
| Q1 25 | 3.93× | — | ||
| Q4 24 | 2.60× | 0.48× | ||
| Q3 24 | 2.05× | 0.51× | ||
| Q2 24 | 1.82× | 1.99× | ||
| Q1 24 | 2.92× | — |
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% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
