Devon Energy (DVN) Return on Capital Employed (2009 - 2026)

Devon Energy's (DVN) quarterly Return on Capital Employed came in at 10.92% in Q1 2026, down 233.0% year-on-year from 8.21% in Q1 2025, and down 13.89% on a QoQ basis from 12.68% in Q4 2025.

Devon Energy (DVN) Return on Capital Employed (2009 - 2026) Analysis & Trends

Devon Energy (DVN) has 18 years of Return on Capital Employed data on file, last reported at 10.92% in Q1 2026.

  • On a quarterly basis, Return on Capital Employed fell 233.0% year-over-year to 10.92% in Q1 2026; TTM through Mar 2026 was 10.92%, a 233.0% decrease from a year earlier, with the FY2025 full-year figure at 12.86%, down 249.0% from the prior year.
  • Return on Capital Employed for Q1 2026 stood at 10.92%, down from 12.68% in the prior quarter.
  • Over the last five years, Return on Capital Employed for DVN reached as high as 39.59% in Q3 2022 and fell as low as 10.92% in Q1 2026.
  • Historically, Return on Capital Employed has averaged 22.47% across 5 years, with a median of 19.54% in 2024.
  • Across the five-year window, Return on Capital Employed surged 3989 bps in 2022 and sank 1849 bps in 2024, its largest moves.
  • Year by year, Return on Capital Employed stood at 38.28% in 2022, then plunged by 44 bps to 21.59% in 2023, then tumbled by 36 bps to 13.71% in 2024, then fell by 8 bps to 12.68% in 2025, then retreated by 14 bps to 10.92% in 2026.
  • Per Business Quant data, the three most recent Return on Capital Employed figures were 10.92% in Q1 2026, 12.68% in Q4 2025, and 13.05% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 22.86%
2 Eog Resources 74.61 Bn 70.76 Bn - 15.04%
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn -0.44%
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 1.41%
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 10.19%
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 39.41%
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 10.92%
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 17.11%
10 Ovintiv 16.84 Bn 15.96 Bn 2.83 Bn 5.11%

Historic Data

Download Data
DateValue
Mar 31, 2026 10.92%
Dec 31, 2025 12.68%
Sep 30, 2025 13.05%
Jun 30, 2025 13.43%
Mar 31, 2025 13.25%
Dec 31, 2024 13.71%
Sep 30, 2024 17.34%
Jun 30, 2024 19.54%
Mar 31, 2024 19.41%
Dec 31, 2023 21.59%
Sep 30, 2023 23.19%
Jun 30, 2023 29.63%
Mar 31, 2023 37.90%
Dec 31, 2022 38.28%
Sep 30, 2022 39.59%
Jun 30, 2022 34.71%
Mar 31, 2022 23.75%
Dec 31, 2021 16.14%
Sep 30, 2021 4.10%
Jun 30, 2021 -4.24%