Recent Devon Energy shows a gross margin of 48.4%, an operating margin of 21.9%, an EBITDA margin of 44.7%, and a net margin of 16.2%. Of the available margins, gross margin increased the most and operating margin fell the most, by 1.3 and 1.3 percentage points respectively.
DVN margin history
Over the last 3 years, Devon Energy's margins averaged 48.97% gross, 25.8% operating, 45.39% EBITDA, and 18.34% net. Each of the four current margins is below its three-year average.
DVN margin expansion
Gross margin expanded by 1.3 percentage points, EBITDA margin by 0.9 percentage points, and net margin by 0.6 percentage points, but operating margin contracted by 1.3 percentage points.
DVN Gross margin
Devon Energy recorded an average gross margin of 48.97% across the last 3 years. Devon Energy currently reports a gross margin of 48.4%, 0.6 percentage points below its three-year average. The highest gross margin for Devon Energy was 51.9% in Sep 2024, while the lowest was 43.8% in Mar 2026.
DVN Operating margin
Devon Energy recorded an average operating margin of 25.8% across the last 3 years. Devon Energy currently reports an operating margin of 21.9%, 3.9 percentage points below its three-year average. Devon Energy's operating margin ranged from a low of 20.7% in Mar 2026 to a high of 32.6% in Dec 2023.
DVN EBITDA margin
Reviewing the last 3 years, Devon Energy recorded an average EBITDA margin of 45.39%. Devon Energy's current EBITDA margin is 44.7% and is 0.7 percentage points below its three-year average. The highest EBITDA margin for Devon Energy was 48.8% in Dec 2023, while the lowest was 42.3% in Mar 2026.
DVN Net margin
Across the last 3 years, Devon Energy's net margin averaged 18.34%. As of the latest period, Devon Energy's current net margin is 16.2%, which is 2.1 percentage points below its three-year average. Net margin was highest at 24.6% in Dec 2023 and lowest at 13.7% in Mar 2026.
DVN margin group comparison
Devon Energy's gross margin of 48.4% is above the Energy sector average but below the industry and its peers average. Compared to its Energy sector average of 42.7%, Devon Energy's gross margin is 13% higher.
DVN margin peer comparison
Frequently asked questions
What is Devon Energy's gross margin?
For the period ending Sep 30, 2026, DVN recorded a gross margin of 48.4%.
What is Devon Energy's operating margin?
For the period ending Sep 30, 2026, DVN recorded an operating margin of 21.9%.
What is Devon Energy's EBITDA margin?
As of Sep 30, 2026, DVN has an EBITDA margin of 44.7%.
What is Devon Energy's net margin?
The current net margin for DVN is 16.2% as of Sep 30, 2026.
What are the average margins of DVN?
Looking back over 3 years, DVN recorded average margins of 49.0% gross, 25.8% operating, 45.4% EBITDA, and 18.3% net.
What are the highest historical margins of DVN?
In the last 5 years, the highest margins reported by DVN were 56% gross in Mar 2023, 42.4% operating in Sep 2022, 54.1% EBITDA in Sep 2022, and 33% net in Sep 2022.
What are the lowest historical margins of DVN?
Devon Energy's lowest recorded margins during the past 5 years were 43.8% gross in Mar 2026, 20.7% operating in Mar 2026, 42.3% EBITDA in Mar 2026, and 13.7% net in Mar 2026.