Devon Energy DVN
NYSE DVN
$48.98 +0.58 (+1.20%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Devon Energy's (DVN) quarterly FCF Margin came in at 31.76% in Q2 2026, up 1802.0% year-over-year from 1.67% in Q2 2025, and up 75.49% quarter-over-quarter from 18.1% in Q1 2026.

Analysis

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

Devon Energy (DVN) has reported FCF Margin for 18 consecutive years, with 31.76% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, FCF Margin rose 1802.0% year-over-year to 31.76% in Q2 2026; TTM through Jun 2026 was 23.04%, a 495.0% increase from a year earlier, with the FY2025 full-year figure at 18.15%, down 39.0% from the prior year.
  • FCF Margin was 31.76% for Q2 2026 at Devon Energy, up from 18.1% in the prior quarter.
  • Over five years, FCF Margin peaked at 36.32% in Q2 2022 and troughed at 9.24% in Q2 2023.
  • A 5-year average of 21.22% and a median of 20.23% in 2024 frame the typical range for FCF Margin.
  • Across the five-year window, FCF Margin soared 2531 bps in 2022 and slumped 2708 bps in 2023, its largest moves.
  • Over 5 years, FCF Margin stood at 25.44% in 2022, then decreased by 17 bps to 21.0% in 2023, then retreated by 20 bps to 16.76% in 2024, then grew by 2 bps to 17.03% in 2025, then surged by 86 bps to 31.76% in 2026.
  • The last three FCF Margin figures came in at 31.76% (Q2 2026), 18.1% (Q1 2026), and 17.03% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Conocophillips 166.07 Bn 158.38 Bn 12.81 Bn 22.59%
2 Canadian Natural Resources 107.37 Bn 105.48 Bn 8.84 Bn 62.43%
3 Eog Resources 77.26 Bn 72.36 Bn - 35.16%
4 Diamondback Energy 56.93 Bn 56.47 Bn 5.55 Bn 46.62%
5 Devon Energy 45.90 Bn 44.89 Bn 6.02 Bn 31.76%
6 Expand Energy 23.03 Bn 21.76 Bn 2.33 Bn 11.59%
7 Permian Resources 19.81 Bn 19.55 Bn - 52.97%
8 Ovintiv 18.04 Bn 17.15 Bn 2.83 Bn 35.11%
9 Apa 15.80 Bn 15.36 Bn 2.28 Bn 47.39%
10 Antero Resources 12.13 Bn 11.56 Bn 1.56 Bn 8.40%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 31.76%
Mar 31, 2026 18.10%
Dec 31, 2025 17.03%
Sep 30, 2025 18.93%
Jun 30, 2025 13.75%
Mar 31, 2025 22.15%
Dec 31, 2024 16.76%
Sep 30, 2024 19.53%
Jun 30, 2024 14.99%
Mar 31, 2024 22.56%
Dec 31, 2023 21.00%
Sep 30, 2023 20.92%
Jun 30, 2023 9.24%
Mar 31, 2023 17.39%
Dec 31, 2022 25.44%
Sep 30, 2022 27.17%
Jun 30, 2022 36.32%
Mar 31, 2022 28.92%
Dec 31, 2021 25.97%
Sep 30, 2021 29.57%