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| Date | Value |
|---|---|
| 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% |