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| Date | Value |
|---|---|
| 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% |