PerpEquities

Equity

Devon Energy Corporation (DVN) perpetual futures

DVN perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade DVNUSDT.

Devon Energy Corporation is an independent US energy producer focused on exploring for, developing and extracting oil, natural gas and natural gas liquids in the United States.

$48.14+2.5%NYSE closed
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venue perp mark · MEXC (DVN/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$94.8K
Open interest
$96.7K
Best liquidity
$38.2K
MEXC
Tightest spread
+128.8 bps
MEXC
Highest volume
$94.8K
MEXC
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $630.5M
OI / float
0.00%
Float $52.6B
Spot performance
1D+2.37%
5D-1.09%
1M-2.16%
6M-0.93%
YTD+31.15%
1Y+39.33%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradeDVN/USDTTrading$48.14+21.9% APR
+0.020% every 8h
+128.8 bps$38.2K$94.8K$96.7KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: MEXC

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

DVN

Tightest spread

DVN

Highest volume

DVN

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 2h ago
Market cap
$52.9B
Updated 2h ago
Revenue
$19.7B
Trailing 12 months
Revenue growth
+44%
Next fiscal year
Profit margin
+16.7%
P/E
11.4
Peer P/E 4.8
Free cash flow
$1.7B
Trailing 12 months
More metrics
Net income
$3.3B
Trailing 12 months
P/S
2.7
Peer P/E
4.8
Similar listed perps
Revenue estimate
$24.8B
Next fiscal year
Earnings
2026-11-04
Revenue est. $6.4B · Updated 2h ago
Dividend
$0.32
2026-09-15

Fundamental detail

Annual + quarterly
Latest revenue$17.2B
Net margin+15.4%
Free cash flow$2.8B
Net debt$7.3B
2020$4.8B
2021$12.2B
2022$19.2B
2023$15.3B
2024$15.9B
2025$17.2B
PeriodRevenueGrowthNet incomeFCF
2020$4.8B-22%-$2.7B$193M
2021$12.2B+153%$2.8B$2.9B
2022$19.2B+57%$6B$3.4B
2023$15.3B-20%$3.7B$2.6B
2024$15.9B+4%$2.9B-$853M
2025$17.2B+8%$2.6B$2.8B
PeriodGross marginOperating marginNet marginROEROA
2020+8.1%0.0%-55.5%-92.9%-27.0%
2021+30.1%+26.6%+23.0%+30.4%+13.4%
2022+43.7%+41.3%+31.4%+53.9%+25.4%
2023+35.2%+32.4%+24.6%+31.1%+15.3%
2024+29.5%+26.2%+18.1%+19.9%+9.5%
2025+25.5%+22.4%+15.4%+17.0%+8.4%
PeriodCashDebtNet debtCurrent ratio
2020$2B$4.5B$2.5B2.26
2021$2.1B$6.8B$4.7B1.38
2022$1.5B$6.7B$5.2B1.25
2023$875M$6.5B$5.6B1.07
2024$846M$9.2B$8.4B1.04
2025$1.4B$8.8B$7.3B0.98
PeriodMarket capEnterprise valueP/SP/E
2020$6B$8.5B1.2-2.2
2021$29.2B$33.9B2.410.5
2022$40B$45.3B2.16.7
2023$28.9B$34.5B1.97.7
2024$20.4B$28.7B1.37.2
2025$23B$30.4B1.38.7
Q3 2024$4B
Q4 2024$4.4B
Q1 2025$4.5B
Q2 2025$4.3B
Q3 2025$4.3B
Q4 2025$4.1B
Q1 2026$3.8B
Q2 2026$7.4B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$4B+5%$812M-$2.8B
Q4 2024$4.4B+6%$639M$622M
Q1 2025$4.5B+24%$494M$1B
Q2 2025$4.3B+9%$899M$589M
Q3 2025$4.3B+8%$687M$820M
Q4 2025$4.1B-6%$562M$601M
Q1 2026$3.8B-14%$120M$626M
Q2 2026$7.4B+73%$1.9B-$373M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+32.8%+29.8%+20.2%+5.7%+2.7%
Q4 2024+26.1%+21.4%+14.5%+4.4%+2.1%
Q1 2025+26.8%+23.6%+11.1%+3.4%+1.6%
Q2 2025+26.0%+22.9%+21.0%+6.0%+2.9%
Q3 2025+25.5%+22.7%+15.9%+4.5%+2.2%
Q4 2025+23.8%+20.4%+13.6%+3.6%+1.8%
Q1 2026+12.1%+8.2%+3.2%+0.8%+0.4%
Q2 2026+56.0%+34.5%+25.8%+4.6%+2.7%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$676M$9.2B$8.5B1.11
Q4 2024$846M$9.2B$8.4B1.04
Q1 2025$1.2B$9B$7.7B1.08
Q2 2025$1.8B$9B$7.2B1.22
Q3 2025$1.3B$8.5B$7.3B0.96
Q4 2025$1.4B$8.8B$7.3B0.98
Q1 2026$1.8B$8.6B$6.8B1.01
Q2 2026$1B$11.7B$10.7B0.72
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$24.3B$32.9B6.07.5
Q4 2024$20.4B$28.7B4.68.3
Q1 2025$24B$31.8B5.412.1
Q2 2025$20.2B$27.4B4.75.6
Q3 2025$22.3B$29.5B5.18.0
Q4 2025$22.7B$30.1B5.510.1
Q1 2026$31.2B$38B8.266.2
Q2 2026$38.7B$49.5B5.25.1

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$7.4BQ2 2026
$1.9B$3.7B$5.6B$7.4BQ3 2023: $3.8BQ4 2023: $4.1BQ1 2024: $3.6BQ2 2024: $3.9BQ3 2024: $4BQ4 2024: $4.4BQ1 2025: $4.5BQ2 2025: $4.3BQ3 2025: $4.3BQ4 2025: $4.1BQ1 2026: $3.8BQ2 2026: $7.4BQ3 2023Q2 2026
Net income$1.9BQ2 2026
$477.8M$955.5M$1.4B$1.9BQ3 2023: $910MQ4 2023: $1.2BQ1 2024: $596MQ2 2024: $844MQ3 2024: $812MQ4 2024: $639MQ1 2025: $494MQ2 2025: $899MQ3 2025: $687MQ4 2025: $562MQ1 2026: $120MQ2 2026: $1.9BQ3 2023Q2 2026
EBITDA$4BQ2 2026
$993M$2B$3B$4BQ3 2023: $1.8BQ4 2023: $2.2BQ1 2024: $1.6BQ2 2024: $1.9BQ3 2024: $2BQ4 2024: $1.9BQ1 2025: $1.7BQ2 2025: $2.2BQ3 2025: $1.9BQ4 2025: $1.8BQ1 2026: $1.2BQ2 2026: $4BQ3 2023Q2 2026
Free cash flow-$373MQ2 2026
-$1.9B-$908M$46M$1BQ3 2023: $820MQ4 2023: $825MQ1 2024: $836MQ2 2024: $516MQ3 2024: -$2.8BQ4 2024: $622MQ1 2025: $1BQ2 2025: $589MQ3 2025: $820MQ4 2025: $601MQ1 2026: $626MQ2 2026: -$373MQ3 2023Q2 2026
EPS$2.03Q2 2026
$0.51$1.02$1.52$2.03Q3 2023: $1.41Q4 2023: $1.81Q1 2024: $0.94Q2 2024: $1.34Q3 2024: $1.3Q4 2024: $0.99Q1 2025: $0.77Q2 2025: $1.41Q3 2025: $1.09Q4 2025: $0.9Q1 2026: $0.19Q2 2026: $2.03Q3 2023Q2 2026
Cash / Debt$1BQ2 2026
$2.9B$5.9B$8.8B$11.7BQ3 2023 · Cash: $761MQ3 2023 · Debt: $6.5BQ4 2023 · Cash: $875MQ4 2023 · Debt: $6.5BQ1 2024 · Cash: $1.1BQ1 2024 · Debt: $6.4BQ2 2024 · Cash: $1.2BQ2 2024 · Debt: $6.5BQ3 2024 · Cash: $676MQ3 2024 · Debt: $9.2BQ4 2024 · Cash: $846MQ4 2024 · Debt: $9.2BQ1 2025 · Cash: $1.2BQ1 2025 · Debt: $9BQ2 2025 · Cash: $1.8BQ2 2025 · Debt: $9BQ3 2025 · Cash: $1.3BQ3 2025 · Debt: $8.5BQ4 2025 · Cash: $1.4BQ4 2025 · Debt: $8.8BQ1 2026 · Cash: $1.8BQ1 2026 · Debt: $8.6BQ2 2026 · Cash: $1BQ2 2026 · Debt: $11.7BQ3 2023Q2 2026
CashDebt
Profitability+56.0%Q2 2026
+14.0%+28.0%+42.0%+56.0%Q3 2023 · Gross margin: +33.1%Q4 2023 · Gross margin: +39.6%Q1 2024 · Gross margin: +27.5%Q2 2024 · Gross margin: +32.0%Q3 2024 · Gross margin: +32.8%Q4 2024 · Gross margin: +26.1%Q1 2025 · Gross margin: +26.8%Q2 2025 · Gross margin: +26.0%Q3 2025 · Gross margin: +25.5%Q4 2025 · Gross margin: +23.8%Q1 2026 · Gross margin: +12.1%Q2 2026 · Gross margin: +56.0%Q3 2023 · Operating margin: +30.6%Q4 2023 · Operating margin: +36.7%Q1 2024 · Operating margin: +24.1%Q2 2024 · Operating margin: +29.0%Q3 2024 · Operating margin: +29.8%Q4 2024 · Operating margin: +21.4%Q1 2025 · Operating margin: +23.6%Q2 2025 · Operating margin: +22.9%Q3 2025 · Operating margin: +22.7%Q4 2025 · Operating margin: +20.4%Q1 2026 · Operating margin: +8.2%Q2 2026 · Operating margin: +34.5%Q3 2023 · Net margin: +23.7%Q4 2023 · Net margin: +27.8%Q1 2024 · Net margin: +16.6%Q2 2024 · Net margin: +21.5%Q3 2024 · Net margin: +20.2%Q4 2024 · Net margin: +14.5%Q1 2025 · Net margin: +11.1%Q2 2025 · Net margin: +21.0%Q3 2025 · Net margin: +15.9%Q4 2025 · Net margin: +13.6%Q1 2026 · Net margin: +3.2%Q2 2026 · Net margin: +25.8%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+73.1%Q2 2026
+7.4%+29.3%+51.2%+73.1%Q3 2024: +4.9%Q4 2024: +6.2%Q1 2025: +23.8%Q2 2025: +9.4%Q3 2025: +7.6%Q4 2025: -6.4%Q1 2026: -14.5%Q2 2026: +73.1%Q3 2023Q2 2026
Shares outstanding940MQ2 2026
235M470M705M940MQ3 2023: 638MQ4 2023: 638MQ1 2024: 632MQ2 2024: 628MQ3 2024: 623MQ4 2024: 623MQ1 2025: 645MQ2 2025: 636MQ3 2025: 636MQ4 2025: 622MQ1 2026: 622MQ2 2026: 940MQ3 2023Q2 2026
Valuation5.1Q2 2026
16.633.149.766.2Q3 2023 · P/E: 8.3Q4 2023 · P/E: 6.3Q1 2024 · P/E: 13.4Q2 2024 · P/E: 8.8Q3 2024 · P/E: 7.5Q4 2024 · P/E: 8.3Q1 2025 · P/E: 12.1Q2 2025 · P/E: 5.6Q3 2025 · P/E: 8.0Q4 2025 · P/E: 10.1Q1 2026 · P/E: 66.2Q2 2026 · P/E: 5.1Q3 2023 · P/S: 7.9Q4 2023 · P/S: 6.9Q1 2024 · P/S: 8.9Q2 2024 · P/S: 7.6Q3 2024 · P/S: 6.0Q4 2024 · P/S: 4.6Q1 2025 · P/S: 5.4Q2 2025 · P/S: 4.7Q3 2025 · P/S: 5.1Q4 2025 · P/S: 5.5Q1 2026 · P/S: 8.2Q2 2026 · P/S: 5.2Q3 2023Q2 2026
P/EP/S
Revenue$17.2B2025
$4.8B$9.6B$14.4B$19.2B2018: $8.9B2019: $6.2B2020: $4.8B2021: $12.2B2022: $19.2B2023: $15.3B2024: $15.9B2025: $17.2B20182025
Net income$2.6B2025
-$506.3M$1.7B$3.8B$6B2018: $3.1B2019: -$355M2020: -$2.7B2021: $2.8B2022: $6B2023: $3.7B2024: $2.9B2025: $2.6B20182025
EBITDA$7.6B2025
$1.4B$4.4B$7.4B$10.4B2018: $2.5B2019: $1.6B2020: -$1.5B2021: $5.4B2022: $10.4B2023: $7.5B2024: $7.4B2025: $7.6B20182025
Free cash flow$2.8B2025
$211.5M$1.3B$2.3B$3.4B2018: $198M2019: $130M2020: $193M2021: $2.9B2022: $3.4B2023: $2.6B2024: -$853M2025: $2.8B20182025
EPS$4.22025
-$3.06$1$5.06$9.122018: $6.12019: -$0.22020: -$7.122021: $4.182022: $9.122023: $5.842024: $4.572025: $4.220182025
Cash / Debt$1.4B2025
$2.3B$4.6B$6.9B$9.2B2018 · Cash: $2.4B2018 · Debt: $4.5B2019 · Cash: $1.5B2019 · Debt: $4.5B2020 · Cash: $2B2020 · Debt: $4.5B2021 · Cash: $2.1B2021 · Debt: $6.8B2022 · Cash: $1.5B2022 · Debt: $6.7B2023 · Cash: $875M2023 · Debt: $6.5B2024 · Cash: $846M2024 · Debt: $9.2B2025 · Cash: $1.4B2025 · Debt: $8.8B20182025
CashDebt
Profitability+25.5%2025
-30.7%-5.9%+18.9%+43.7%2018 · Gross margin: +24.7%2019 · Gross margin: +11.5%2020 · Gross margin: +8.1%2021 · Gross margin: +30.1%2022 · Gross margin: +43.7%2023 · Gross margin: +35.2%2024 · Gross margin: +29.5%2025 · Gross margin: +25.5%2018 · Operating margin: +16.8%2019 · Operating margin: +2.6%2020 · Operating margin: 0.0%2021 · Operating margin: +26.6%2022 · Operating margin: +41.3%2023 · Operating margin: +32.4%2024 · Operating margin: +26.2%2025 · Operating margin: +22.4%2018 · Net margin: +34.4%2019 · Net margin: -5.7%2020 · Net margin: -55.5%2021 · Net margin: +23.0%2022 · Net margin: +31.4%2023 · Net margin: +24.6%2024 · Net margin: +18.1%2025 · Net margin: +15.4%20182025
Gross marginOperating marginNet margin
Revenue growth+7.8%2025
+15.6%+61.4%+107.1%+152.8%2019: -30.1%2020: -22.4%2021: +152.8%2022: +57.0%2023: -20.4%2024: +4.5%2025: +7.8%20182025
Shares outstanding629M2025
166.3M332.5M498.8M665M2018: 502M2019: 401M2020: 377M2021: 665M2022: 653M2023: 642M2024: 623M2025: 629M20182025
Valuation8.72025
-94.8-59.7-24.610.52018 · P/E: 3.72019 · P/E: -129.92020 · P/E: -2.22021 · P/E: 10.52022 · P/E: 6.72023 · P/E: 7.72024 · P/E: 7.22025 · P/E: 8.72018 · P/S: 1.32019 · P/S: 1.72020 · P/S: 1.22021 · P/S: 2.42022 · P/S: 2.12023 · P/S: 1.92024 · P/S: 1.32025 · P/S: 1.320182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-04
Revenue est. $6.4B · Updated 2h ago
Dividend
$0.32
2026-09-15

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20265.13$24.8B+44%14
FY 20275.01$25B+45%11
FY 20285.60$25.2B+46%9
FY 20294.94$24.6B+43%3
FY 20305.24$24.8B+44%3
Q1 20271.38$6.3B+64%5

Company events

6
2026-11-04EarningsActual - / Estimate 1.18-
2026-09-15Dividend$0.32-
2026-08-04EarningsActual 1.57 / Estimate 1.4Beat
2026-06-15Dividend$0.32-
2026-05-05EarningsActual 1.04 / Estimate 1.06Miss
2026-03-13Dividend$0.24-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering DVN have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings193529
Analysts3237
Buy / hold / sell165 / 28 / 0376 / 153 / 0
Upgrades / downgrades / initiations5 / 1 / 910 / 4 / 16
Price targets hit / missed65 / 113 (37%)195 / 301 (39%)
Avg. return after a rating (TipRanks)-6.8%-4.8%
Best / worst call+37.5% / -33.2%+41.5% / -37.5%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 23, 2026Gabriele SorbaraSiebert Williams Shank & CoBuyMaintained$64.00
Sep 14, 2026John FreemanRaymond JamesBuyMaintained$67.00
Sep 15, 2026Josh SilversteinUBSBuyReiterated$63.00
Sep 10, 2026Betty JiangBarclaysBuyMaintained$58.00
Sep 9, 2026Unknown AnalystStifel NicolausBuyInitiated$61.00

TipRanks data via FMP · computed Sep 23, 2026 · 193 ratings

Frequently asked questions

Where can I trade DVN perpetual futures?

Devon Energy Corporation (DVN) perpetual futures trade on 1 crypto venues, including MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade DVN around the clock?

Yes. Unlike the underlying stock, DVN perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on DVN perpetuals?

Right now the DVN perp funding rate is +21.9% annualized (venue median), ranging from +21.9% to +21.9% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the DVN perp price compare to the Devon Energy Corporation stock?

The venue-median DVN perp mark is $48.1 versus a reference stock price of $48.1, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a DVN perpetual future?

A DVN perpetual is a derivative that tracks the price of Devon Energy Corporation with no expiry date. It lets you take long or short exposure to Devon Energy Corporation on crypto venues, around the clock.

What is DVNUSDT perpetual?

DVNUSDT is the symbol most crypto exchanges use for the Devon Energy Corporation perpetual settled in USDT (Tether). It tracks the DVN share price through an index, trades 24/7 with leverage and never expires.

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