Devon Energy (DVN) Net Margin (2009 - 2026)
Devon Energy's (DVN) quarterly Net Margin came in at 22.14% in Q2 2026, up 638.0% year-over-year from 3.0% in Q2 2025, and up 685.82% quarter-over-quarter from 2.82% in Q1 2026.
Powered by 
Analysis
Devon Energy (DVN) Net Margin (2009 - 2026) Analysis & Trends
Devon Energy (DVN) has reported Net Margin for 18 consecutive years, with 22.14% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 638.0% year-over-year to 22.14% in Q2 2026; TTM through Jun 2026 was 12.58%, a 120.0% increase from a year earlier, with the FY2025 full-year figure at 10.06%, down 354.0% from the prior year.
- Net Margin was 22.14% for Q2 2026 at Devon Energy, up from 2.82% in the prior quarter.
- Over five years, Net Margin peaked at 34.98% in Q3 2022 and troughed at 2.82% in Q1 2026.
- A 5-year average of 17.5% and a median of 16.76% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 2507 bps in 2022 and plunged 1859 bps in 2023, its largest moves.
- Over 5 years, Net Margin stood at 27.67% in 2022, then decreased by 20 bps to 22.01% in 2023, then slumped by 60 bps to 8.9% in 2024, then declined by 8 bps to 8.15% in 2025, then surged by 172 bps to 22.14% in 2026.
- The last three Net Margin figures came in at 22.14% (Q2 2026), 2.82% (Q1 2026), and 8.15% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn | 20.14% |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn | 32.66% |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - | 31.60% |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn | 36.95% |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn | 22.14% |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn | 17.64% |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - | 42.65% |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn | 15.13% |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn | 31.14% |
| 10 | Antero Resources | 12.13 Bn | 11.56 Bn | 1.56 Bn | 17.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.14% |
| Mar 31, 2026 | 2.82% |
| Dec 31, 2025 | 8.15% |
| Sep 30, 2025 | 10.60% |
| Jun 30, 2025 | 15.76% |
| Mar 31, 2025 | 5.69% |
| Dec 31, 2024 | 8.90% |
| Sep 30, 2024 | 15.88% |
| Jun 30, 2024 | 17.64% |
| Mar 31, 2024 | 11.92% |
| Dec 31, 2023 | 22.01% |
| Sep 30, 2023 | 18.51% |
| Jun 30, 2023 | 14.84% |
| Mar 31, 2023 | 21.92% |
| Dec 31, 2022 | 27.67% |
| Sep 30, 2022 | 34.98% |
| Jun 30, 2022 | 33.44% |
| Mar 31, 2022 | 22.14% |
| Dec 31, 2021 | 35.57% |
| Sep 30, 2021 | 22.20% |