Devon Energy (DVN) FCF Margin (2009 - 2026)

Devon Energy's (DVN) quarterly FCF Margin came in at 18.1% in Q1 2026, down 2271.0% year-on-year from 0.83% in Q1 2025, and down 53.24% on a QoQ basis from 38.71% in Q4 2025.

Devon Energy (DVN) FCF Margin (2009 - 2026) Analysis & Trends

Devon Energy (DVN) has 18 years of FCF Margin data on file, last reported at 18.1% in Q1 2026.

  • On a quarterly basis, FCF Margin fell 2271.0% year-over-year to 18.1% in Q1 2026; TTM through Mar 2026 was 27.1%, a 2299.0% decrease from a year earlier, with the FY2025 full-year figure at 39.22%, down 232.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 18.1%, down from 38.71% in the prior quarter.
  • Over the last five years, FCF Margin for DVN reached as high as 116.07% in Q4 2023 and fell as low as 16.43% in Q4 2022.
  • Historically, FCF Margin has averaged 37.47% across 5 years, with a median of 38.71% in 2025.
  • Across the five-year window, FCF Margin surged 13250 bps in 2023 and plunged 5924 bps in 2025, its largest moves.
  • Year by year, FCF Margin stood at 16.43% in 2022, then soared by 806 bps to 116.07% in 2023, then decreased 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.
  • Per Business Quant data, the three most recent FCF Margin figures were 18.1% in Q1 2026, 38.71% in Q4 2025, and 39.36% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 8.55%
2 Eog Resources 74.61 Bn 70.76 Bn - 40.64%
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 21.11%
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn -5.22%
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 21.98%
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 68.41%
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 18.10%
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 38.55%
10 Ovintiv 16.84 Bn 15.96 Bn 2.83 Bn 35.11%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 34.58%