How does Devon Energy (DVN) make money?

Devon Energy (DVN) primarily makes money through N G L Product Sales, which accounts for 100% of total revenue. For TTM through Q4 2025, Devon Energy generated $16.61B in total revenue with a net profit margin of 15.9%.

What is Devon Energy (DVN) gross profit margin?

Devon Energy (DVN) reported a gross profit margin of 22.7% for TTM through Q4 2025, equivalent to $3.77B in gross profit. This means Devon Energy retains 22.7% of each revenue unit after direct costs of production.

What is Devon Energy (DVN) operating profit margin?

Devon Energy (DVN) reported an operating profit margin of 19.8% for TTM through Q4 2025, equivalent to $3.29B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Devon Energy (DVN) net profit margin?

Devon Energy (DVN) reported a net profit margin of 15.9% for TTM through Q4 2025, equivalent to $2.64B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Devon Energy (DVN) spend on capital expenditures?

Devon Energy (DVN) spent $3.70B on capital expenditures in TTM through Q4 2025 (22.3% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Devon Energy (DVN) free cash flow?

Devon Energy (DVN) generated $3.05B in free cash flow for TTM through Q4 2025 (18.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Devon Energy (DVN) effective tax rate?

Devon Energy (DVN) had an effective tax rate of 22.6% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

How Devon Energy (DVN) Makes Money: A Visual Guide

Devon Energy (DVN) generated $16.61B in revenue, earning $2.64B in net profit (15.9% margin). Its largest revenue source is N G L Product Sales (100% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Devon Energy (DVN) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 18, 2026).

Frequently asked questions

How does Devon Energy (DVN) make money?: Devon Energy (DVN) primarily makes money through N G L Product Sales, which accounts for 100% of total revenue. For TTM through Q4 2025, Devon Energy generated $16.61B in total revenue with a net profit margin of 15.9%.
What is Devon Energy (DVN) gross profit margin?: Devon Energy (DVN) reported a gross profit margin of 22.7% for TTM through Q4 2025, equivalent to $3.77B in gross profit. This means Devon Energy retains 22.7% of each revenue unit after direct costs of production.
What is Devon Energy (DVN) operating profit margin?: Devon Energy (DVN) reported an operating profit margin of 19.8% for TTM through Q4 2025, equivalent to $3.29B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Devon Energy (DVN) net profit margin?: Devon Energy (DVN) reported a net profit margin of 15.9% for TTM through Q4 2025, equivalent to $2.64B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Devon Energy (DVN) spend on capital expenditures?: Devon Energy (DVN) spent $3.70B on capital expenditures in TTM through Q4 2025 (22.3% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Devon Energy (DVN) free cash flow?: Devon Energy (DVN) generated $3.05B in free cash flow for TTM through Q4 2025 (18.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Devon Energy (DVN) effective tax rate?: Devon Energy (DVN) had an effective tax rate of 22.6% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.