SuperworthDevon Energy profit margin DVN
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 16.7%
- Operating margin, 12 months
- 22.7%
- Net margin on a year earlier
- +0.1 pts
- Peer median
- 21.3%
Over the twelve months to Jun 30, 2026, Devon Energy kept 16.7% of its revenue as net profit, with an operating margin of 22.7% and a gross margin of 68.2%.
Five years earlier its net margin was 4.0%.
The median for 10 oil and gas producers of a similar size is 21.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 15.4% | 22.8% | 67.2% |
| FY2024 | 18.1% | 26.2% | 69.9% |
| FY2023 | 24.6% | 32.6% | 71.1% |
| FY2022 | 31.4% | 41.7% | n/a |
| FY2021 | 23.0% | 26.1% | n/a |
| FY2020 | −55.5% | −59.1% | n/a |
| FY2019 | −5.7% | 2.3% | 52.4% |
| FY2018 | 34.4% | 16.3% | 63.5% |
| FY2017 | 10.1% | 6.9% | n/a |
| FY2016 | −27.1% | −23.7% | n/a |
| FY2015 | n/a | n/a | n/a |
| FY2014 | 8.2% | 24.0% | n/a |
| FY2013 | −0.2% | 5.5% | n/a |
| FY2012 | −2.2% | 1.8% | n/a |
| FY2011 | 41.1% | 40.4% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 16.7% | +0.1 pts | 22.7% | |
| Q1 FY26 | 13.7% | −2.9 pts | 20.7% | |
| Q4 FY25 | 15.4% | −2.8 pts | 22.8% | |
| Q3 FY25 | 15.6% | −6.1 pts | 23.3% | |
| Q2 FY25 | 16.6% | −6.0 pts | 24.7% | |
| Q1 FY25 | 16.6% | −5.7 pts | 24.3% | |
| Q4 FY24 | 18.1% | −6.4 pts | 26.2% | |
| Q3 FY24 | 21.7% | −2.9 pts | 30.0% | |
| Q2 FY24 | 22.6% | −5.5 pts | 30.1% | |
| Q1 FY24 | 22.3% | −9.1 pts | 30.2% | |
| Q4 FY23 | 24.6% | −6.8 pts | 32.6% | |
| Q3 FY23 | 24.6% | −8.4 pts | 32.9% |
Against its peers
Companies in Oil & Gas Exploration & Production nearest Devon Energy's size, closest first, today.
| Company | Profit margin |
|---|---|
| DVNDevon Energy | 16.7% |
| FANGDiamondback Energy | 8.6% |
| OXYOccidental Petroleum | 30.3% |
| EOGEOG Resources | 25.4% |
| EQTEQT | 28.4% |
| TPLTexas Pacific Land | 60.3% |
| EXEExpand Energy | 20.5% |
| PRPermian Resources | 21.5% |
| OVVOvintiv | 9.4% |
| APAAPA | 21.1% |
| COPConocoPhillips | 14.7% |
| Peer median | 21.3% |
Where Devon Energy ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Devon Energy
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.