Devon Energy Corp/De DVN
Revenue Intelligence Report • 70 quarters of SEC filing data • Updated 2026-03-15
Devon Energy Corp/De has a forecasted full-year revenue of $14B, a -18.5% year-over-year change, based on 70 quarters of SEC filing data. The ARDL model has 24.6% MAPE.
Investment Thesis
At 24.6% MAPE, the model captures Devon Energy Corp/De's broad revenue trajectory, though quarterly variability suggests sensitivity to external factors.
Next FY Revenue
$14.0B
-18.5% YoY
SG&A Elasticity
-0.45x
Model Accuracy
24.6% MAPE
Holdout validation: The model predicted $3.7B vs the actual $4.1B — an error of 10.3%.
⚠ Model limitation:
This company shows negative spending multipliers, meaning increases in spending have not directly translated into revenue growth. This typically occurs with commodity-driven companies or hypergrowth companies.
Note:
Devon Energy Corp/De does not report R&D expenses separately. This analysis uses SG&A spending only.
Revenue Forecast
Quarterly Detail
| Quarter | Model Forecast | Actual | 95% Range | YoY Growth | Status |
|---|---|---|---|---|---|
| Q4 2025 | $3.7B | $4.1B | $2.0B – $6.8B | -16.1% | ✓ In range |
| Q2 2026 | $3.5B | $1.5B – $8.2B | -21.0% | ||
| Q3 2026 | $3.5B | $1.2B – $10.0B | -18.0% | ||
| Q4 2026 | $3.5B | $1.1B – $12B | -18.1% | ||
| Q1 2027 | $3.4B | $0.9B – $13B | -16.8% |
How Spending Drives Revenue
Reading this chart:
Each line shows the cumulative elasticity — how a 1% increase in spending translates to revenue growth over subsequent quarters. The effect builds over 4-5 quarters as investments compound.
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