Devon Energy Corporation (DVN) — Capital Reinvestment Ratio
Devon Energy Corporation (DVN) has a Capital Reinvestment Ratio of 0.62x as of March 2026, meaning it reinvests 1% of its operating cash flow ($1.66 Billion) in capital expenditures ($1.03 Billion). Check DVN tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Devon Energy Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks Devon Energy Corporation's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see how efficiently does Devon Energy Corporation generate cash.
Annual Capital Reinvestment Ratio for Devon Energy Corporation (1989–2025)
Year-by-year Capital Reinvestment Ratio for Devon Energy Corporation from 1989 to 2025. See DVN free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.54x | $6.71 Billion | $3.59 Billion | ▼ -52.6% |
| 2024 | 1.13x | $6.60 Billion | $7.45 Billion | ▲ +87.2% |
| 2023 | 0.60x | $6.54 Billion | $3.95 Billion | ▲ +0.4% |
| 2022 | 0.60x | $8.53 Billion | $5.12 Billion | ▲ +46.7% |
| 2021 | 0.41x | $4.90 Billion | $2.01 Billion | ▼ -52.2% |
| 2020 | 0.86x | $1.35 Billion | $1.16 Billion | ▼ -8.5% |
| 2019 | 0.94x | $2.07 Billion | $1.94 Billion | ▲ +1.1% |
| 2018 | 0.93x | $2.70 Billion | $2.51 Billion | ▼ -3.9% |
| 2017 | 0.96x | $2.91 Billion | $2.81 Billion | ▼ -57.6% |
| 2016 | 2.27x | $1.75 Billion | $3.97 Billion | ▲ +90.8% |
| 2015 | 1.19x | $5.38 Billion | $6.42 Billion | ▼ -47.0% |
| 2014 | 2.25x | $5.98 Billion | $13.45 Billion | ▲ +80.9% |
| 2013 | 1.24x | $5.44 Billion | $6.76 Billion | ▼ -25.1% |
| 2012 | 1.66x | $4.96 Billion | $8.22 Billion | ▲ +37.1% |
| 2011 | 1.21x | $6.22 Billion | $7.53 Billion | ▲ +2.4% |
| 2010 | 1.18x | $5.48 Billion | $6.48 Billion | ▲ +14.8% |
| 2009 | 1.03x | $4.74 Billion | $4.88 Billion | ▲ +3.4% |
| 2008 | 1.00x | $9.41 Billion | $9.38 Billion | ▲ +7.6% |
| 2007 | 0.93x | $6.65 Billion | $6.16 Billion | ▼ -26.5% |
| 2006 | 1.26x | $5.99 Billion | $7.55 Billion | ▲ +72.9% |
| 2005 | 0.73x | $5.61 Billion | $4.09 Billion | ▲ +13.1% |
| 2004 | 0.64x | $4.82 Billion | $3.10 Billion | ▼ -6.2% |
| 2003 | 0.69x | $3.77 Billion | $2.59 Billion | ▼ -64.8% |
| 2002 | 1.95x | $1.75 Billion | $3.43 Billion | ▼ -30.8% |
| 2001 | 2.82x | $1.89 Billion | $5.33 Billion | ▲ +257.2% |
| 2000 | 0.79x | $1.62 Billion | $1.28 Billion | ▼ -51.0% |
| 1999 | 1.61x | $205.60 Million | $332.00 Million | ▼ -17.6% |
| 1998 | 1.96x | $191.60 Million | $375.50 Million | ▲ +153.3% |
| 1997 | 0.77x | $168.70 Million | $130.50 Million | ▼ -32.1% |
| 1996 | 1.14x | $86.80 Million | $98.90 Million | ▼ -40.6% |
| 1995 | 1.92x | $61.30 Million | $117.60 Million | ▲ +150.0% |
| 1994 | 0.77x | $46.40 Million | $35.60 Million | ▼ -42.6% |
| 1993 | 1.34x | $64.00 Million | $85.60 Million | ▲ +156.6% |
| 1992 | 0.52x | $30.50 Million | $15.90 Million | ▼ -59.6% |
| 1991 | 1.29x | $9.30 Million | $12.00 Million | ▼ -42.8% |
| 1990 | 2.26x | $13.70 Million | $30.90 Million | ▼ -7.5% |
| 1989 | 2.44x | $6.60 Million | $16.10 Million | — |