What is Devon Energy's EBITDA margin?

Latest reported EBITDA margin for Devon Energy (DVN) is 42.68% as of the trailing twelve months (TTM) ending March 31, 2026.

How has Devon Energy EBITDA margin changed year-over-year?

Devon Energy (DVN) EBITDA margin changed −2.3 percentage points year-over-year on the latest annual filing.

When did Devon Energy EBITDA margin hit its highest annual value?

Devon Energy EBITDA margin reached its highest annual value of 74.18% in 2000.

What was Devon Energy EBITDA margin in 2024?

Devon Energy (DVN) EBITDA margin in 2024 was 46.22%.

What was Devon Energy EBITDA margin in 2025?

Devon Energy (DVN) EBITDA margin in 2025 was 43.97%.

Devon Energy (DVN) EBITDA Margin — Annual & Quarterly %

TTM

42.7%

YoY change

−2.25pp

Trough year (2015)

-116.6%

Peak year (2000)

74.2%

EBITDA Margin history chart for Devon Energy (DVN) from 1987 to 2025

Latest: 44.0%

EBITDA Margin change chart for Devon Energy (DVN) from 1987 to 2025

Latest: −2.25pp

EBITDA Margin history table for Devon Energy (DVN) from 1987 to 2025


2025	44.0%	-2.25pp	Dec 31, 2025	Feb 18, 2026
2024	46.2%	-3.23pp	Dec 31, 2024	Feb 19, 2025
2023	49.5%	-4.63pp	Dec 31, 2023	Feb 28, 2024
2022	54.1%	+9.49pp	Dec 31, 2022	Feb 15, 2023
2021	44.6%	+76.31pp	Dec 31, 2021	Feb 16, 2022
2020	-31.7%	-58.21pp	Dec 31, 2020	Feb 17, 2021
2019	26.5%	-1.15pp	Dec 31, 2019	Feb 19, 2020
2018	27.6%	+6.34pp	Dec 31, 2018	Feb 20, 2019
2017	21.3%	+12.59pp	Dec 31, 2017	Feb 21, 2018
2016	8.7%	+125.28pp	Dec 31, 2016	Feb 15, 2017
2015	-116.6%	-156.70pp	Dec 31, 2015	Feb 17, 2016
2014	40.1%	+8.02pp	Dec 31, 2014	Feb 20, 2015
2013	32.1%	+1.74pp	Dec 31, 2013	Feb 28, 2014
2012	30.4%	-29.74pp	Dec 31, 2012	Feb 21, 2013
2011	60.1%	+1.46pp	Dec 31, 2011	Feb 24, 2012
2010	58.7%	+87.15pp	Dec 31, 2010	Feb 25, 2011
2009	-28.5%	-23.97pp	Dec 31, 2009	Feb 25, 2010
2008	-4.5%	-70.14pp	Dec 31, 2008	Feb 27, 2009
2007	65.6%	+0.41pp	Dec 31, 2007	Feb 28, 2008
2006	65.2%	-2.77pp	Dec 31, 2006	Feb 28, 2007
2005	68.0%	+2.42pp	Dec 31, 2005	Mar 3, 2006
2004	65.6%	+3.13pp	Dec 31, 2004	Mar 9, 2005
2003	62.4%	+6.74pp	Dec 31, 2003	Mar 5, 2004
2002	55.7%	-15.45pp	Dec 31, 2002	Mar 7, 2003
2001	71.1%	-3.05pp	Dec 31, 2001	Mar 19, 2002
2000	74.2%	+9.94pp	Dec 31, 2000	Dec 18, 2001
1999	64.2%	+9.57pp	Dec 31, 1999	Mar 30, 2000
1998	54.7%	-13.37pp	Dec 31, 1998	Dec 31, 1998
1997	68.0%	+1.03pp	Dec 31, 1997	Dec 31, 1997
1996	67.0%	+4.52pp	Dec 31, 1996	Dec 31, 1996
1995	62.5%	+1.97pp	Dec 31, 1995	Dec 31, 1995
1994	60.5%	+1.91pp	Dec 31, 1994	Dec 31, 1994
1993	58.6%	+1.54pp	Dec 31, 1993	Dec 31, 1993
1992	57.1%	+102.32pp	Dec 31, 1992	Dec 31, 1992
1991	-45.3%	-88.17pp	Dec 31, 1991	Dec 31, 1991
1990	42.9%	+10.97pp	Dec 31, 1990	Dec 31, 1990
1989	31.9%	-0.85pp	Dec 31, 1989	Dec 31, 1989
1988	32.8%	-6.69pp	Dec 31, 1988	Dec 31, 1988
1987	39.5%	—	Dec 31, 1987	Dec 31, 1987

202544.0%-2.25pp
202446.2%-3.23pp
202349.5%-4.63pp
202254.1%+9.49pp
202144.6%+76.31pp
2020-31.7%-58.21pp
201926.5%-1.15pp
201827.6%+6.34pp
201721.3%+12.59pp
20168.7%+125.28pp
2015-116.6%-156.70pp
201440.1%+8.02pp
201332.1%+1.74pp
201230.4%-29.74pp
201160.1%+1.46pp
201058.7%+87.15pp
2009-28.5%-23.97pp
2008-4.5%-70.14pp
200765.6%+0.41pp
200665.2%-2.77pp
200568.0%+2.42pp
200465.6%+3.13pp
200362.4%+6.74pp
200255.7%-15.45pp
200171.1%-3.05pp
200074.2%+9.94pp
199964.2%+9.57pp
199854.7%-13.37pp
199768.0%+1.03pp
199667.0%+4.52pp
199562.5%+1.97pp
199460.5%+1.91pp
199358.6%+1.54pp
199257.1%+102.32pp
1991-45.3%-88.17pp
199042.9%+10.97pp
198931.9%-0.85pp
198832.8%-6.69pp
198739.5%—

EBITDA Margin values are taken from Devon Energy's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at Devon Energy (DVN)

According to Devon Energy's latest reported financial statements, the company's latest reported EBITDA margin is 42.7%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending March 31, 2026 (reported May 6, 2026). Chart and table below cover the full reported history back to 1987.

In 2025, Devon Energy (DVN) EBITDA margin totalled 43.97% – contracted 2.3 percentage points year-over-year.

Across the available history, EBITDA margin reached its high of 74.18% in 2000 and its low of -116.57% in 2015.

Devon Energy EBITDA Margin by Year

Devon Energy EBITDA Margin 2025: 44.0%

2025's EBITDA margin for Devon Energy came in at 43.97%, contracted 2.3 percentage points from 2024.

Devon Energy EBITDA Margin 2024: 46.2%

Devon Energy posted EBITDA margin of 46.22% in 2024, contracted 3.2 percentage points from 2023.

Devon Energy EBITDA Margin 2023: 49.5%

In 2023, Devon Energy reported EBITDA margin of 49.46%, contracted 4.6 percentage points from 2022.

Devon Energy EBITDA Margin 2022: 54.1%

Devon Energy EBITDA margin in 2022 was 54.09%, expanded 9.5 percentage points from 2021.

Devon Energy EBITDA Margin 2021: 44.6%

Devon Energy EBITDA margin in 2021 was 44.60%.

See more financial history for Devon Energy (DVN).

Sector peers by EBITDA Margin

Energy peers of Devon Energy (DVN), ranked by their latest EBITDA margin


Williams Companies (WMB)	59.5%
ConocoPhillips (COP)	38.5%
Enbridge (ENB)	27.6%
Chevron (CVX)	21.8%
SLB (SLB)	19.6%
Exxon Mobil (XOM)	18.5%
Marathon Petroleum (MPC)	9.1%
Valero Energy (VLO)	7.2%

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