Devon Energy (DVN) EBITDA Margin (2009 - 2026)
Devon Energy (DVN) posted quarterly EBITDA Margin of 3.68% for Q1 2026, down 1052.0% year-over-year from 0.39% in Q1 2025, and down 80.59% quarter-over-quarter from 18.97% in Q4 2025.
Devon Energy (DVN) EBITDA Margin (2009 - 2026) Analysis & Trends
Devon Energy (DVN) has reported EBITDA Margin for 18 consecutive years, with 3.68% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA Margin fell 1052.0% year-over-year to 3.68%; the TTM figure through Mar 2026 stood at 17.59% (down 359.0% YoY), while the FY2025 annual figure was 20.65%, down 267.0% from the prior year.
- EBITDA Margin fell to 3.68% in Q1 2026 per DVN's latest filing, from 18.97% in the prior quarter.
- Across five years, EBITDA Margin topped out at 45.38% in Q3 2022 and bottomed at 3.68% in Q1 2026.
- Historically, EBITDA Margin has averaged 26.48% across 5 years, with a median of 26.6% in 2023.
- Annual changes were most pronounced in 2022 — EBITDA Margin jumped 3330 bps — and 2023, when it sank 1878 bps.
- Devon Energy's EBITDA Margin stood at 35.68% in 2022, then declined by 0 bps to 35.51% in 2023, then plunged by 47 bps to 18.72% in 2024, then increased by 1 bps to 18.97% in 2025, then tumbled by 81 bps to 3.68% in 2026.
- Business Quant data shows DVN's EBITDA Margin at 3.68% in Q1 2026, 18.97% in Q4 2025, and 21.45% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.69 Bn | 156.00 Bn | 12.81 Bn | 53.17% |
| 2 | Canadian Natural Resources | 106.39 Bn | 104.50 Bn | 10.66 Bn | 84.71% |
| 3 | Eog Resources | 80.10 Bn | 75.19 Bn | - | 40.93% |
| 4 | Diamondback Energy | 59.33 Bn | 58.87 Bn | 5.55 Bn | 45.16% |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | 91.41% |
| 6 | Devon Energy | 46.05 Bn | 45.04 Bn | 6.02 Bn | 32.14% |
| 7 | Occidental Petroleum | 39.50 Bn | 35.35 Bn | 7.73 Bn | 39.52% |
| 8 | Eqt | 33.85 Bn | 33.74 Bn | 1.42 Bn | 21.77% |
| 9 | Texas Pacific Land | 26.34 Bn | 26.10 Bn | - | 79.91% |
| 10 | Expand Energy | 23.01 Bn | 21.75 Bn | 2.33 Bn | 22.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.14% |
| Mar 31, 2026 | 3.68% |
| Dec 31, 2025 | 18.97% |
| Sep 30, 2025 | 21.45% |
| Jun 30, 2025 | 27.10% |
| Mar 31, 2025 | 14.20% |
| Dec 31, 2024 | 18.72% |
| Sep 30, 2024 | 26.44% |
| Jun 30, 2024 | 26.71% |
| Mar 31, 2024 | 20.53% |
| Dec 31, 2023 | 35.51% |
| Sep 30, 2023 | 26.60% |
| Jun 30, 2023 | 25.41% |
| Mar 31, 2023 | 32.56% |
| Dec 31, 2022 | 35.68% |
| Sep 30, 2022 | 45.38% |
| Jun 30, 2022 | 43.05% |
| Mar 31, 2022 | 28.08% |
| Dec 31, 2021 | 28.57% |
| Sep 30, 2021 | 25.36% |