Devon Energy Corporation
DVN Energy Oil & Gas E&P
Devon Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $17.2 billion, up 7.83% from fiscal 2024. In the quarter to June 2026, revenue grew 73.1%, EPS grew 43.7%, free cash flow fell 130.2% and total debt rose 28.3%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.
Follow DVN
Devon Energy Corporation (DVN) Operating margin
Devon Energy Corporation's operating margin over the twelve months to 30 June 2026 was 21.4%, up 1.2 percentage points from fiscal 2025 (20.2%). Over the past ten years it has ranged from −145.1% (fiscal 2015) to 41.7% (fiscal 2022); the current reading is higher than 64% of that period. That is in line with the Oil & Gas E&P industry median of 21.4% and above the Energy sector median of 14.5%.
Operating margin, annual
Embed this chart
Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 20.2% | (3.12) |
| FY2024 | 23.3% | (7.01) |
| FY2023 | 30.3% | (11.38) |
| FY2022 | 41.7% | 15.59 |
| FY2021 | 26.1% | 85.20 |
| FY2020 | −59.1% | (61.38) |
| FY2019 | 2.27% | (8.34) |
| FY2018 | 10.6% | 5.06 |
| FY2017 | 5.55% | 1.34 |
| FY2016 | 4.21% | 149.27 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 32.1% | 27.78 |
| Mar 2026 | 4.36% | (13.77) |
| Dec 2025 | 18.1% | (2.93) |
| Sep 2025 | 21.1% | (6.04) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| TPL Texas Pacific Land Corporation compare | 74.9% |
| EQT EQT Corporation compare | 42.5% |
| PR Permian Resources Corporation compare | 35.8% |
| EOG EOG Resources, Inc. compare | 33.0% |
| OXY Occidental Petroleum Corporation compare | 29.3% |
| EXE Expand Energy Corporation compare | 26.9% |
| DVN Devon Energy Corporation | 21.4% |
| FANG Diamondback Energy, Inc. compare | 6.33% |
| WDS Woodside Energy Group Ltd compare | 0.00% |
| Oil & Gas E&P industry median | 21.4% |
| Energy sector median | 14.5% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on DVN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement