Devon Energy (DVN) EBITDA Margin (2009 - 2026)
Devon Energy's EBITDA Margin came in at 25.97% for Q2 2026, up 9.21 percentage points from 16.76% a year earlier and up 21.00 percentage points from the prior quarter.
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Analysis
Devon Energy (DVN) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Devon Energy reported EBITDA Margin of 13.43%, up 1.52 percentage points year-over-year; for FY2025, it was 8.30%, down 5.35 percentage points from FY2024.
- EBITDA Margin has declined in each of the last three years, though with a five-year change of +87.07 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was 13.64% in FY2024 (-4.50 pp), 18.14% in FY2023 (-6.45 pp), 24.59% in FY2022 (+7.41 pp) and 17.18% in FY2021 (+95.95 pp).
- The Q2 2026 figure represents the highest quarterly EBITDA Margin since Q3 2022.
- Year-over-year, EBITDA Margin increased in two of the last eight quarters, with an average year-over-year change of -3.14 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in Q4 2021 (a gain of 55.73 percentage points), and the weakest in Q4 2024 (a drop of 10.54 percentage points).
- Business Quant data shows DVN's EBITDA Margin at 4.97% (Q1 2026), 6.02% (Q4 2025) and 7.80% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 743.20 Bn | 699.68 Bn | - | 24.43% |
| 2 | Chevron | 447.03 Bn | 419.15 Bn | 33.45 Bn | -19.76% |
| 3 | Shell | 310.50 Bn | 240.25 Bn | 30.13 Bn | 29.17% |
| 4 | TotalEnergies SE | 198.52 Bn | 79.10 Bn | 61.77 Bn | 29.83% |
| 5 | Conocophillips | 177.09 Bn | 149.80 Bn | 12.81 Bn | 68.45% |
| 6 | Equinor Asa | 119.58 Bn | 34.03 Bn | - | 44.67% |
| 7 | Phillips 66 | 116.56 Bn | 104.35 Bn | 8.38 Bn | -73.22% |
| 8 | Canadian Natural Resources | 113.43 Bn | 110.44 Bn | 8.84 Bn | 94.81% |
| 9 | Suncor Energy | 96.25 Bn | 82.00 Bn | - | 12.45% |
| 10 | Devon Energy | 46.72 Bn | 46.72 Bn | 5.54 Bn | 26.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.06% |
| Mar 31, 2026 | 5.06% |
| Dec 31, 2025 | 6.09% |
| Sep 30, 2025 | 7.90% |
| Jun 30, 2025 | 16.83% |
| Mar 31, 2025 | 4.97% |
| Dec 31, 2024 | 9.43% |
| Sep 30, 2024 | 17.67% |
| Jun 30, 2024 | 17.87% |
| Mar 31, 2024 | 13.42% |
| Dec 31, 2023 | 19.85% |
| Sep 30, 2023 | 18.73% |
| Jun 30, 2023 | 15.64% |
| Mar 31, 2023 | 19.02% |
| Dec 31, 2022 | 22.79% |
| Sep 30, 2022 | 27.85% |
| Jun 30, 2022 | 25.60% |
| Mar 31, 2022 | 24.56% |
| Dec 31, 2021 | 22.23% |
| Sep 30, 2021 | 18.55% |
API Access
Devon Energy EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=DVN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "DVN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=DVN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();