Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Devon Energy Corp., profitability ratios
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Devon Energy Corp. gross profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Devon Energy Corp. operating profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Devon Energy Corp. net profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Devon Energy Corp. ROE improved from 2020 to 2021 and from 2021 to 2022. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Devon Energy Corp. ROA improved from 2020 to 2021 and from 2021 to 2022. |
Gross Profit Margin
Devon Energy Corp., gross profit margin calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Gross profit | 10,592) | 5,837) | 1,692) | 2,211) | 4,146) | |
| Revenues | 19,169) | 12,206) | 4,828) | 6,220) | 10,734) | |
| Profitability Ratio | ||||||
| Gross profit margin1 | 55.26% | 47.82% | 35.05% | 35.55% | 38.62% | |
| Benchmarks | ||||||
| Gross Profit Margin, Competitors2 | ||||||
| Marathon Petroleum Corp. | 14.53% | 8.31% | 5.80% | 11.06% | — | |
| Valero Energy Corp. | 9.52% | 2.75% | -1.14% | 4.41% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Gross profit margin = 100 × Gross profit ÷ Revenues
= 100 × 10,592 ÷ 19,169 = 55.26%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Devon Energy Corp. gross profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
Operating Profit Margin
Devon Energy Corp., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 8,084) | 3,227) | (2,820) | 141) | 1,514) | |
| Revenues | 19,169) | 12,206) | 4,828) | 6,220) | 10,734) | |
| Profitability Ratio | ||||||
| Operating profit margin1 | 42.17% | 26.44% | -58.41% | 2.27% | 14.10% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 21.42% | 14.81% | -6.22% | 4.83% | — | |
| ConocoPhillips | 36.80% | 29.84% | -12.74% | 32.04% | — | |
| Exxon Mobil Corp. | 19.82% | 11.91% | -14.85% | 8.66% | — | |
| Marathon Petroleum Corp. | 12.10% | 3.58% | -17.55% | 4.50% | — | |
| Occidental Petroleum Corp. | 38.32% | 17.59% | -79.89% | 3.17% | — | |
| Valero Energy Corp. | 8.90% | 1.87% | -2.43% | 3.54% | — | |
| Operating Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 19.00% | 10.93% | -14.14% | 7.25% | — | |
| Operating Profit Margin, Industry | ||||||
| Energy | 18.89% | 10.97% | -15.78% | 5.50% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × 8,084 ÷ 19,169 = 42.17%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Devon Energy Corp. operating profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
Net Profit Margin
Devon Energy Corp., net profit margin calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net earnings (loss) attributable to Devon | 6,015) | 2,813) | (2,680) | (355) | 3,064) | |
| Revenues | 19,169) | 12,206) | 4,828) | 6,220) | 10,734) | |
| Profitability Ratio | ||||||
| Net profit margin1 | 31.38% | 23.05% | -55.51% | -5.71% | 28.54% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 15.05% | 10.04% | -5.87% | 2.09% | — | |
| ConocoPhillips | 23.80% | 17.63% | -14.38% | 22.07% | — | |
| Exxon Mobil Corp. | 13.98% | 8.33% | -12.57% | 5.61% | — | |
| Marathon Petroleum Corp. | 8.18% | 8.12% | -14.08% | 2.13% | — | |
| Occidental Petroleum Corp. | 36.32% | 8.95% | -83.28% | -3.27% | — | |
| Valero Energy Corp. | 6.54% | 0.82% | -2.19% | 2.24% | — | |
| Net Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 13.53% | 8.09% | -12.77% | 4.24% | — | |
| Net Profit Margin, Industry | ||||||
| Energy | 13.49% | 8.10% | -14.38% | 2.62% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net profit margin = 100 × Net earnings (loss) attributable to Devon ÷ Revenues
= 100 × 6,015 ÷ 19,169 = 31.38%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Devon Energy Corp. net profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
Return on Equity (ROE)
Devon Energy Corp., ROE calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net earnings (loss) attributable to Devon | 6,015) | 2,813) | (2,680) | (355) | 3,064) | |
| Stockholders’ equity attributable to Devon | 11,167) | 9,262) | 2,885) | 5,802) | 9,186) | |
| Profitability Ratio | ||||||
| ROE1 | 53.86% | 30.37% | -92.89% | -6.12% | 33.36% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Chevron Corp. | 22.27% | 11.24% | -4.21% | 2.03% | — | |
| ConocoPhillips | 38.91% | 17.79% | -9.05% | 20.55% | — | |
| Exxon Mobil Corp. | 28.58% | 13.67% | -14.28% | 7.48% | — | |
| Marathon Petroleum Corp. | 52.38% | 37.16% | -44.26% | 7.83% | — | |
| Occidental Petroleum Corp. | 44.22% | 11.42% | -79.85% | -1.95% | — | |
| Valero Energy Corp. | 48.93% | 5.05% | -7.56% | 11.11% | — | |
| ROE, Sector | ||||||
| Oil, Gas & Consumable Fuels | 30.85% | 14.29% | -15.01% | 6.26% | — | |
| ROE, Industry | ||||||
| Energy | 30.45% | 14.23% | -17.24% | 3.86% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
ROE = 100 × Net earnings (loss) attributable to Devon ÷ Stockholders’ equity attributable to Devon
= 100 × 6,015 ÷ 11,167 = 53.86%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Devon Energy Corp. ROE improved from 2020 to 2021 and from 2021 to 2022. |
Return on Assets (ROA)
Devon Energy Corp., ROA calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net earnings (loss) attributable to Devon | 6,015) | 2,813) | (2,680) | (355) | 3,064) | |
| Total assets | 23,721) | 21,025) | 9,912) | 13,717) | 19,566) | |
| Profitability Ratio | ||||||
| ROA1 | 25.36% | 13.38% | -27.04% | -2.59% | 15.66% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Chevron Corp. | 13.76% | 6.52% | -2.31% | 1.23% | — | |
| ConocoPhillips | 19.91% | 8.91% | -4.31% | 10.20% | — | |
| Exxon Mobil Corp. | 15.10% | 6.80% | -6.74% | 3.95% | — | |
| Marathon Petroleum Corp. | 16.15% | 11.41% | -11.54% | 2.68% | — | |
| Occidental Petroleum Corp. | 18.32% | 3.09% | -18.52% | -0.61% | — | |
| Valero Energy Corp. | 18.90% | 1.61% | -2.74% | 4.50% | — | |
| ROA, Sector | ||||||
| Oil, Gas & Consumable Fuels | 15.81% | 6.73% | -6.66% | 3.09% | — | |
| ROA, Industry | ||||||
| Energy | 15.46% | 6.63% | -7.52% | 1.89% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
ROA = 100 × Net earnings (loss) attributable to Devon ÷ Total assets
= 100 × 6,015 ÷ 23,721 = 25.36%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Devon Energy Corp. ROA improved from 2020 to 2021 and from 2021 to 2022. |