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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |