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Side-by-side financial comparison of Devon Energy (DVN) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Devon Energy is the larger business by last-quarter revenue ($3.9B vs $2.7B, roughly 1.4× Molson Coors Beverage Company). Devon Energy runs the higher net margin — 14.3% vs 5.5%, a 8.8% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (2.0% vs -12.3%). Devon Energy produced more free cash flow last quarter ($702.0M vs $-212.9M). Over the past eight quarters, Devon Energy's revenue compounded faster (2.6% CAGR vs -15.8%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
DVN vs TAP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $2.7B |
| Net Profit | $562.0M | $150.1M |
| Gross Margin | — | 33.0% |
| Operating Margin | 19.0% | — |
| Net Margin | 14.3% | 5.5% |
| Revenue YoY | -12.3% | 2.0% |
| Net Profit YoY | -12.1% | 25.0% |
| EPS (diluted) | $0.90 | $0.80 |
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 | — | $2.7B | ||
| Q4 25 | $3.9B | $3.1B | ||
| Q3 25 | $4.3B | $3.5B | ||
| Q2 25 | $4.0B | $3.7B | ||
| Q1 25 | $4.5B | $2.7B | ||
| Q4 24 | $4.5B | $3.2B | ||
| Q3 24 | $3.8B | $3.6B | ||
| Q2 24 | $3.9B | $3.8B |
| Q1 26 | — | $150.1M | ||
| Q4 25 | $562.0M | $238.3M | ||
| Q3 25 | $687.0M | $-2.9B | ||
| Q2 25 | $899.0M | $428.7M | ||
| Q1 25 | $494.0M | $121.0M | ||
| Q4 24 | $639.0M | $287.8M | ||
| Q3 24 | $812.0M | $199.8M | ||
| Q2 24 | $844.0M | $427.0M |
| Q1 26 | — | 33.0% | ||
| Q4 25 | — | 31.0% | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 34.3% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 32.0% | ||
| Q3 24 | — | 33.4% | ||
| Q2 24 | — | 34.6% |
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | 10.4% | ||
| Q3 25 | 21.5% | -98.5% | ||
| Q2 25 | 28.7% | 15.6% | ||
| Q1 25 | 14.2% | 6.9% | ||
| Q4 24 | 18.7% | 12.0% | ||
| Q3 24 | 28.0% | 12.5% | ||
| Q2 24 | 26.7% | 15.6% |
| Q1 26 | — | 5.5% | ||
| Q4 25 | 14.3% | 7.6% | ||
| Q3 25 | 16.2% | -84.0% | ||
| Q2 25 | 22.2% | 11.5% | ||
| Q1 25 | 10.9% | 4.5% | ||
| Q4 24 | 14.2% | 8.9% | ||
| Q3 24 | 21.4% | 5.5% | ||
| Q2 24 | 21.7% | 11.1% |
| Q1 26 | — | $0.80 | ||
| Q4 25 | $0.90 | $1.32 | ||
| Q3 25 | $1.09 | $-14.79 | ||
| Q2 25 | $1.41 | $2.13 | ||
| Q1 25 | $0.77 | $0.59 | ||
| Q4 24 | $0.98 | $1.39 | ||
| Q3 24 | $1.30 | $0.96 | ||
| Q2 24 | $1.34 | $2.03 |
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 | $382.6M |
| Total DebtLower is stronger | $8.4B | $3.8B |
| Stockholders' EquityBook value | $15.5B | $10.3B |
| Total Assets | $31.6B | $22.4B |
| Debt / EquityLower = less leverage | 0.54× | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $382.6M | ||
| Q4 25 | $1.4B | $896.5M | ||
| Q3 25 | $1.2B | $950.2M | ||
| Q2 25 | $1.7B | $613.8M | ||
| Q1 25 | $1.2B | $412.7M | ||
| Q4 24 | $811.0M | $969.3M | ||
| Q3 24 | $645.0M | $1.0B | ||
| Q2 24 | $1.1B | $1.6B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | $8.4B | $6.3B | ||
| Q3 25 | $8.4B | $6.3B | ||
| Q2 25 | $8.9B | $6.3B | ||
| Q1 25 | $8.9B | $6.2B | ||
| Q4 24 | $8.9B | $6.1B | ||
| Q3 24 | $8.9B | $6.2B | ||
| Q2 24 | $6.1B | $7.0B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $15.5B | $10.2B | ||
| Q3 25 | $15.3B | $10.3B | ||
| Q2 25 | $15.1B | $13.4B | ||
| Q1 25 | $14.5B | $13.1B | ||
| Q4 24 | $14.5B | $13.1B | ||
| Q3 24 | $14.3B | $13.3B | ||
| Q2 24 | $12.6B | $13.2B |
| Q1 26 | — | $22.4B | ||
| Q4 25 | $31.6B | $22.7B | ||
| Q3 25 | $31.2B | $22.9B | ||
| Q2 25 | $31.4B | $26.8B | ||
| Q1 25 | $30.9B | $25.9B | ||
| Q4 24 | $30.5B | $26.1B | ||
| Q3 24 | $30.3B | $26.6B | ||
| Q2 24 | $25.2B | $27.4B |
| Q1 26 | — | 0.38× | ||
| Q4 25 | 0.54× | 0.61× | ||
| Q3 25 | 0.55× | 0.61× | ||
| Q2 25 | 0.59× | 0.47× | ||
| Q1 25 | 0.61× | 0.47× | ||
| Q4 24 | 0.61× | 0.47× | ||
| Q3 24 | 0.62× | 0.47× | ||
| Q2 24 | 0.49× | 0.53× |
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 | $-212.9M |
| FCF MarginFCF / Revenue | 17.8% | -7.8% |
| Capex IntensityCapex / Revenue | 21.1% | — |
| Cash ConversionOCF / Net Profit | 2.73× | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.1B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $540.7M | ||
| Q3 25 | $1.7B | $616.1M | ||
| Q2 25 | $1.5B | $718.3M | ||
| Q1 25 | $1.9B | $-90.7M | ||
| Q4 24 | $1.7B | $494.5M | ||
| Q3 24 | $1.7B | $521.2M | ||
| Q2 24 | $1.5B | $869.2M |
| Q1 26 | — | $-212.9M | ||
| Q4 25 | $702.0M | $357.8M | ||
| Q3 25 | $820.0M | $483.0M | ||
| Q2 25 | $589.0M | $555.0M | ||
| Q1 25 | $1.0B | $-328.0M | ||
| Q4 24 | $738.0M | $383.4M | ||
| Q3 24 | $786.0M | $350.4M | ||
| Q2 24 | $587.0M | $691.7M |
| Q1 26 | — | -7.8% | ||
| Q4 25 | 17.8% | 11.4% | ||
| Q3 25 | 19.3% | 13.9% | ||
| Q2 25 | 14.6% | 14.8% | ||
| Q1 25 | 22.2% | -12.2% | ||
| Q4 24 | 16.4% | 11.8% | ||
| Q3 24 | 20.7% | 9.7% | ||
| Q2 24 | 15.1% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 21.1% | 5.9% | ||
| Q3 25 | 20.5% | 3.8% | ||
| Q2 25 | 23.6% | 4.4% | ||
| Q1 25 | 20.5% | 8.8% | ||
| Q4 24 | 20.6% | 3.4% | ||
| Q3 24 | 23.1% | 4.7% | ||
| Q2 24 | 24.3% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.73× | 2.27× | ||
| Q3 25 | 2.46× | — | ||
| Q2 25 | 1.72× | 1.68× | ||
| Q1 25 | 3.93× | -0.75× | ||
| Q4 24 | 2.60× | 1.72× | ||
| Q3 24 | 2.05× | 2.61× | ||
| Q2 24 | 1.82× | 2.04× |
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% |
TAP
Segment breakdown not available.
