Devon Energy (DVN) Net Margin (2009 - 2026)
Devon Energy (DVN) posted quarterly Net Margin of 4.79% for Q1 2026, down 310.0% year-over-year from 2.28% in Q1 2025, and down 78.34% quarter-over-quarter from 22.12% in Q4 2025.
Devon Energy (DVN) Net Margin (2009 - 2026) Analysis & Trends
Devon Energy (DVN) has reported Net Margin for 18 consecutive years, with 4.79% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 310.0% year-over-year to 4.79%; the TTM figure through Mar 2026 stood at 14.48% (down 444.0% YoY), while the FY2025 annual figure was 15.48%, down 324.0% from the prior year.
- Net Margin eased to 4.79% in Q1 2026 per DVN's latest filing, from 22.12% in the prior quarter.
- Across five years, Net Margin topped out at 46.51% in Q4 2023 and bottomed at 4.79% in Q1 2026.
- Historically, Net Margin has averaged 23.37% across 5 years, with a median of 21.12% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin surged 3033 bps — and 2023, when it plunged 2205 bps.
- Devon Energy's Net Margin stood at 27.67% in 2022, then soared by 68 bps to 46.51% in 2023, then plunged by 36 bps to 30.0% in 2024, then slipped by 26 bps to 22.12% in 2025, then slumped by 78 bps to 4.79% in 2026.
- Business Quant data shows DVN's Net Margin at 4.79% in Q1 2026, 22.12% in Q4 2025, and 12.91% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 20.14% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 0.01% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 31.60% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 36.95% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 22.14% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 32.93% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 34.80% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 15.55% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 62.56% |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 17.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.12% |
| Mar 31, 2026 | 4.79% |
| Dec 31, 2025 | 22.12% |
| Sep 30, 2025 | 12.91% |
| Jun 30, 2025 | 19.21% |
| Mar 31, 2025 | 7.89% |
| Dec 31, 2024 | 30.00% |
| Sep 30, 2024 | 18.54% |
| Jun 30, 2024 | 19.44% |
| Mar 31, 2024 | 15.37% |
| Dec 31, 2023 | 46.51% |
| Sep 30, 2023 | 21.12% |
| Jun 30, 2023 | 17.48% |
| Mar 31, 2023 | 26.58% |
| Dec 31, 2022 | 27.67% |
| Sep 30, 2022 | 43.17% |
| Jun 30, 2022 | 38.70% |
| Mar 31, 2022 | 25.78% |
| Dec 31, 2021 | 28.55% |
| Sep 30, 2021 | 22.20% |