Devon Energy (DVN) Return on Capital Employed (2009 - 2026)
Devon Energy (DVN) posted quarterly Return on Capital Employed of 10.92% for Q1 2026, down 233.0% year-over-year from 8.21% in Q1 2025, and down 13.89% quarter-over-quarter from 12.68% in Q4 2025.
Devon Energy (DVN) Return on Capital Employed (2009 - 2026) Analysis & Trends
Devon Energy (DVN) has reported Return on Capital Employed for 18 consecutive years, with 10.92% the latest figure, recorded in Q1 2026.
- In Q1 2026, Return on Capital Employed fell 233.0% year-over-year to 10.92%; the TTM figure through Mar 2026 stood at 10.92% (down 233.0% YoY), while the FY2025 annual figure was 12.86%, down 249.0% from the prior year.
- Return on Capital Employed retreated to 10.92% in Q1 2026 per DVN's latest filing, from 12.68% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 39.59% in Q3 2022 and bottomed at 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.
- Annual changes were most pronounced in 2022 — Return on Capital Employed jumped 3989 bps — and 2024, when it tumbled 1849 bps.
- Devon Energy's 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 dropped by 8 bps to 12.68% in 2025, then declined by 14 bps to 10.92% in 2026.
- Business Quant data shows DVN's Return on Capital Employed at 10.92% in Q1 2026, 12.68% in Q4 2025, and 13.05% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 28.17% |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 18.27% |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 1.68% |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 9.42% |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 5.58% |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 10.19% |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 39.30% |
| 10 | Expand Energy | 22.89 Bn | 21.63 Bn | 2.33 Bn | 14.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.42% |
| 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% |