Devon Energy (DVN) FCF Margin (2009 - 2026)
Devon Energy (DVN) posted quarterly FCF Margin of 18.1% for Q1 2026, down 2271.0% year-over-year from 0.83% in Q1 2025, and down 53.24% quarter-over-quarter from 38.71% in Q4 2025.
Devon Energy (DVN) FCF Margin (2009 - 2026) Analysis & Trends
Devon Energy (DVN) has reported FCF Margin for 18 consecutive years, with 18.1% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 2271.0% year-over-year to 18.1%; the TTM figure through Mar 2026 stood at 27.1% (down 2299.0% YoY), while the FY2025 annual figure was 39.22%, down 232.0% from the prior year.
- FCF Margin slipped to 18.1% in Q1 2026 per DVN's latest filing, from 38.71% in the prior quarter.
- Across five years, FCF Margin topped out at 116.07% in Q4 2023 and bottomed at 16.43% in Q4 2022.
- Historically, FCF Margin has averaged 37.47% across 5 years, with a median of 38.71% in 2025.
- Annual changes were most pronounced in 2023 — FCF Margin jumped 13250 bps — and 2025, when it slumped 5924 bps.
- Devon Energy's FCF Margin stood at 16.43% in 2022, then jumped by 806 bps to 116.07% in 2023, then fell by 16 bps to 97.95% in 2024, then sank by 60 bps to 38.71% in 2025, then sank by 53 bps to 18.1% in 2026.
- Business Quant data shows DVN's FCF Margin at 18.1% in Q1 2026, 38.71% in Q4 2025, and 39.36% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 22.59% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 13.83% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 35.16% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 46.62% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 31.76% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 43.36% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 21.98% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 28.47% |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 11.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 31.76% |
| Mar 31, 2026 | 18.10% |
| Dec 31, 2025 | 38.71% |
| Sep 30, 2025 | 39.36% |
| Jun 30, 2025 | 13.75% |
| Mar 31, 2025 | 40.81% |
| Dec 31, 2024 | 97.95% |
| Sep 30, 2024 | 41.10% |
| Jun 30, 2024 | 15.07% |
| Mar 31, 2024 | 22.56% |
| Dec 31, 2023 | 116.07% |
| Sep 30, 2023 | 20.92% |
| Jun 30, 2023 | 39.43% |
| Mar 31, 2023 | 45.44% |
| Dec 31, 2022 | -16.43% |
| Sep 30, 2022 | 38.90% |
| Jun 30, 2022 | 36.32% |
| Mar 31, 2022 | 28.92% |
| Dec 31, 2021 | -6.26% |
| Sep 30, 2021 | 29.57% |