FCF Payout Ratio: 22.76%
Is the FCF payout ratio high or low?
The FCF payout ratio of 22.76% is 69% below its 5-year average of 74.52%, near the low end of its 5-year range (20.22%–277.10%).
7.89% above its 12-month average of 21.09%.
DVN FCF Payout Ratio
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
DVN Average FCF Payout Ratio Chart
DVN Current vs Average FCF Payout Ratio Chart
DVN FCF Payout Ratio Metrics
FCF PAYOUT RATIO
22.76%
FCF PAYOUT RATIO AVG TTM
21.09%
FCF PAYOUT RATIO AVG 3Y
78.88%
FCF PAYOUT RATIO AVG 5Y
61.86%
FCF PAYOUT RATIO AVG 10Y
85.21%
FCF PAYOUT RATIO AVG 15Y
85.21%
FCF PAYOUT RATIO AVG 20Y
73.50%
CURRENT VS TTM AVG
+7.89%
CURRENT VS 3Y AVG
-71.15%
CURRENT VS 5Y AVG
-63.21%
CURRENT VS 10Y AVG
-73.29%
CURRENT VS 15Y AVG
-73.29%
CURRENT VS 20Y AVG
-69.04%
Payout Ratio Comparison
FCF Payout Ratio TTM
22.8%
Earnings Payout Ratio
30.4%
Dividend Yield
3.03%
FCF Yield
10.22%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $3.12B | $619.00M | 19.8% |
| 2024 | ($853.00M) | $937.00M | N/A (Loss) |
| 2023 | $2.60B | $1.86B | 71.5% |
| 2022 | $3.40B | $3.38B | 99.2% |
| 2021 | $2.89B | $1.31B | 45.5% |
| 2020 | $193.00M | $257.00M | 133.2% |
| 2019 | $130.00M | $140.00M | 107.7% |
| 2018 | $198.00M | $149.00M | 75.3% |
| 2017 | $104.00M | $127.00M | 122.1% |
| 2016 | ($2.23B) | $221.00M | N/A (Loss) |
| 2015 | ($1.03B) | $396.00M | N/A (Loss) |
| 2014 | ($7.47B) | $386.00M | N/A (Loss) |
| 2013 | ($1.32B) | $348.00M | N/A (Loss) |
| 2012 | ($3.27B) | $324.00M | N/A (Loss) |
| 2011 | ($1.31B) | $278.00M | N/A (Loss) |
| 2010 | ($998.00M) | $281.00M | N/A (Loss) |
| 2009 | ($142.00M) | $284.00M | N/A (Loss) |
| 2008 | $33.00M | $289.00M | 875.8% |
| 2007 | $493.00M | $259.00M | 52.5% |
| 2006 | ($1.56B) | $209.00M | N/A (Loss) |
| 2005 | $1.52B | $146.00M | 9.6% |
| 2004 | $1.71B | $107.00M | 6.2% |
| 2003 | $1.18B | $49.00M | 4.1% |
| 2002 | ($1.67B) | $41.00M | N/A (Loss) |
| 2001 | ($3.44B) | $35.00M | N/A (Loss) |
| 2000 | $338.90M | $31.95M | 9.4% |
| 1999 | ($126.40M) | $16.40M | N/A (Loss) |
| 1998 | ($183.90M) | $7.30M | N/A (Loss) |
| 1997 | $38.20M | $6.40M | 16.8% |
| 1996 | ($12.10M) | $3.10M | N/A (Loss) |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
FCF Payout Ratio FAQ
- What is the FCF payout ratio for Devon Energy Corporation (DVN)?
- The FCF payout ratio for DVN stock is 22.76%.
- Is Devon Energy Corporation's FCF payout ratio high or low?
- The FCF payout ratio of 22.76% is 69% below its 5-year average of 74.52%, near the low end of its 5-year range (20.22%–277.10%).
- What is the TTM average FCF payout ratio for Devon Energy Corporation (DVN)?
- The TTM average FCF payout ratio for DVN stock is 21.09%.
- What is the 3Y average FCF payout ratio for Devon Energy Corporation (DVN)?
- The 3Y average FCF payout ratio for DVN stock is 78.88%.
- What is the 5Y average FCF payout ratio for Devon Energy Corporation (DVN)?
- The 5Y average FCF payout ratio for DVN stock is 61.86%.
- What is the 10Y average FCF payout ratio for Devon Energy Corporation (DVN)?
- The 10Y average FCF payout ratio for DVN stock is 85.21%.
- What is the 15Y average FCF payout ratio for Devon Energy Corporation (DVN)?
- The 15Y average FCF payout ratio for DVN stock is 85.21%.
- What is the 20Y average FCF payout ratio for Devon Energy Corporation (DVN)?
- The 20Y average FCF payout ratio for DVN stock is 73.50%.
DVN FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-03-31 | 22.76% |
| 2025-12-31 | 20.30% |
| 2025-09-30 | 20.22% |
| 2024-06-30 | 44.11% |
| 2024-03-31 | 55.97% |
| 2023-12-31 | 71.32% |
| 2023-09-30 | 78.22% |
| 2023-06-30 | 277.10% |
| 2023-03-31 | 119.94% |
| 2022-12-31 | 99.24% |
| 2022-09-30 | 89.52% |
| 2022-06-30 | 43.12% |
| 2022-03-31 | 43.41% |
| 2021-12-31 | 45.47% |
| 2021-09-30 | 46.15% |
| 2021-06-30 | 55.63% |
| 2021-03-31 | 134.38% |
| 2020-12-31 | 133.16% |
| 2020-09-30 | 78.06% |
| 2020-03-31 | 68.29% |
| 2019-12-31 | 259.26% |
| 2019-06-30 | 158.70% |
| 2018-12-31 | 876.47% |
| 2017-12-31 | 130.93% |
| 2017-09-30 | 293.02% |
| 2017-06-30 | 41.29% |
| 2017-03-31 | 185.51% |
| 2010-09-30 | 146.11% |
| 2010-06-30 | 43.49% |
| 2010-03-31 | 26.53% |
| 2008-12-31 | 875.76% |
| 2008-09-30 | 15.14% |
| 2008-06-30 | 19.00% |
| 2008-03-31 | 31.42% |
| 2007-12-31 | 52.54% |
| 2007-09-30 | 73.08% |
| 2007-06-30 | 33.52% |
| 2006-03-31 | 13.18% |
| 2005-12-31 | 9.59% |
| 2005-09-30 | 11.89% |
| 2005-06-30 | 9.10% |
| 2005-03-31 | 6.26% |
| 2004-12-31 | 6.25% |
| 2004-09-30 | 6.28% |
| 2004-06-30 | 6.64% |
| 2004-03-31 | 5.42% |
| 2003-12-31 | 4.15% |
| 2003-09-30 | 3.91% |
| 2003-06-30 | 6.07% |
| 2003-03-31 | 8.89% |
About Devon Energy Corporation
As an independent energy producer, Devon Energy Corporation primarily focuses on the exploration, development, and extraction of oil, natural gas, and natural gas liquids within the United States. The company manages roughly 5,134 gross wells. Established in 1971, its corporate headquarters are located in Oklahoma City, Oklahoma.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Clay Gaspar