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

Devon Energy (DVN) reported Return on Capital Employed of 0.21% for Q1 2026, up 1378.0% year-over-year from 0.01% in Q1 2025, and up 169.85% quarter-over-quarter from 0.3% 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 0.21% in Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 0.21%, up 1378.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.21% (up 1378.0% YoY), and the FY2025 annual result was 2.7%, down 53.0% from the prior year.
  • Return on Capital Employed rose to 0.21% in Q1 2026 per DVN's latest filing, from 0.3% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 28.17% in Q3 2022 and troughed at 13.57% in Q1 2025.
  • A 5-year average of 6.36% and a median of 5.53% in 2024 frame the typical range for Return on Capital Employed.
  • The sharpest annual moves came in 2022 and 2024: Return on Capital Employed surged 3365 bps in 2022, then plunged 2202 bps in 2024.
  • A 5-year view of Return on Capital Employed shows it stood at 26.91% in 2022, then plunged by 72 bps to 7.56% in 2023, then plunged by 271 bps to 12.89% in 2024, then jumped by 98 bps to 0.3% in 2025, then surged by 170 bps to 0.21% in 2026.
  • Business Quant data shows DVN's Return on Capital Employed at 0.21% in Q1 2026, 0.3% in Q4 2025, and 0.04% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - 13.66%
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn -
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 22.41%
4 Eog Resources 72.93 Bn 69.08 Bn - 15.04%
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 19.02%
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn -0.44%
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 23.41%
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 12.16%
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 34,022.25%
10 Devon Energy 27.08 Bn 27.08 Bn 3.61 Bn 0.21%

Historic Data

Download Data
DateValue
Mar 31, 2026 0.21%
Dec 31, 2025 -0.30%
Sep 30, 2025 -0.04%
Jun 30, 2025 -13.19%
Mar 31, 2025 -13.57%
Dec 31, 2024 -12.89%
Sep 30, 2024 -12.03%
Jun 30, 2024 5.53%
Mar 31, 2024 5.45%
Dec 31, 2023 7.56%
Sep 30, 2023 9.99%
Jun 30, 2023 14.57%
Mar 31, 2023 22.56%
Dec 31, 2022 26.91%
Sep 30, 2022 28.17%
Jun 30, 2022 24.67%
Mar 31, 2022 14.52%
Dec 31, 2021 4.15%
Sep 30, 2021 -3.93%
Jun 30, 2021 -8.98%