Recent Devon Energy shows a gross margin of 47.6%, an operating margin of 22.7%, an EBITDA margin of 44.4%, and a net margin of 16.7%. Of the available margins, net margin increased the most and operating margin fell the most, by 0.1 and 2 percentage points respectively.
DVN margin history
Over the last 3 years, Devon Energy's margins averaged 49.02% gross, 26.16% operating, 45.45% EBITDA, and 18.54% net. Each of the four current margins is below its three-year average.
DVN margin expansion
Net margin expanded by 0.1 percentage points, but gross margin contracted by 1.1 percentage points, operating margin by 2 percentage points, and EBITDA margin by 0.4 percentage points.
DVN Gross margin
Devon Energy recorded an average gross margin of 49.02% across the last 3 years. Devon Energy currently reports a gross margin of 47.6%, 1.4 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 26.16% across the last 3 years. Devon Energy currently reports an operating margin of 22.7%, 3.5 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 45.45%. Devon Energy's current EBITDA margin is 44.4% and is 1.1 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 18.54%. As of the latest period, Devon Energy's current net margin is 16.7%, which is 1.8 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 47.6% 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 11% higher.
DVN margin peer comparison
Frequently asked questions
What is Devon Energy's gross margin?
For the period ending Jun 30, 2026, DVN recorded a gross margin of 47.6%.
What is Devon Energy's operating margin?
For the period ending Jun 30, 2026, DVN recorded an operating margin of 22.7%.
What is Devon Energy's EBITDA margin?
As of Jun 30, 2026, DVN has an EBITDA margin of 44.4%.
What is Devon Energy's net margin?
The current net margin for DVN is 16.7% as of Jun 30, 2026.
What are the average margins of DVN?
Looking back over 3 years, DVN recorded average margins of 49.0% gross, 26.2% operating, 45.5% EBITDA, and 18.5% 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.