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Operating Margin for Devon Energy (DVN)

As of · Reported

Metric

TTM

18.8%

YoY change

−3.80pp

Trough year (2015)

-157.7%

Peak year (2005)

47.9%

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

Latest: 22.4%

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

Latest: −3.80pp

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

  • 202522.4%-3.80pp
  • 202426.2%-6.13pp
  • 202332.4%-8.95pp
  • 202241.3%+14.72pp
  • 202126.6%+26.59pp
  • 20200.0%-2.57pp
  • 20192.6%-14.20pp
  • 201816.8%+14.43pp
  • 20172.3%+30.43pp
  • 2016-28.1%+129.58pp
  • 2015-157.7%-181.69pp
  • 201424.0%+18.56pp
  • 20135.5%+4.67pp
  • 20120.8%-39.69pp
  • 201140.5%+0.02pp
  • 201040.5%+10.93pp
  • 200929.5%+56.79pp
  • 2008-27.3%-67.07pp
  • 200739.8%-1.71pp
  • 200641.5%-6.43pp
  • 200547.9%+7.36pp
  • 200440.6%+2.64pp
  • 200337.9%+29.48pp
  • 20028.5%+2.21pp
  • 20016.3%-38.32pp
  • 200044.6%+50.99pp
  • 1999-6.4%+37.31pp
  • 1998-43.7%-74.36pp
  • 199730.6%-8.98pp
  • 199639.6%+10.76pp
  • 199528.9%+2.17pp
  • 199426.7%-3.17pp
  • 199329.9%+1.77pp
  • 199228.1%+100.72pp
  • 1991-72.6%-88.51pp
  • 199015.9%+11.70pp
  • 19894.2%+11.83pp
  • 1988-7.7%+3.53pp
  • 1987-11.2%—

Operating 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 Operating Margin at Devon Energy (DVN)

According to Devon Energy's latest reported financial statements, the company's latest reported operating margin is 18.8%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Devon Energy (DVN) operating margin totalled 22.43% – contracted 3.8 percentage points year-over-year.

47.94% stands as the all-time-high annual operating margin, posted in 2005, against a low of -157.68% during 2015.

Devon Energy Operating Margin by Year

Devon Energy Operating Margin 2025: 22.4%

2025's operating margin for Devon Energy came in at 22.43%, contracted 3.8 percentage points from 2024.

Devon Energy Operating Margin 2024: 26.2%

Devon Energy posted operating margin of 26.24% in 2024, contracted 6.1 percentage points from 2023.

Devon Energy Operating Margin 2023: 32.4%

In 2023, Devon Energy reported operating margin of 32.37%, contracted 8.9 percentage points from 2022.

Devon Energy Operating Margin 2022: 41.3%

Devon Energy operating margin in 2022 was 41.32%, expanded 14.7 percentage points from 2021.

Devon Energy Operating Margin 2021: 26.6%

Devon Energy operating margin in 2021 was 26.59%.

See more financial history for Devon Energy (DVN).

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

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