Stock Analysis on Net

Devon Energy Corp. (NYSE:DVN)

This company has been moved to the archive! The financial data has not been updated since November 8, 2023.

Analysis of Profitability Ratios 

Microsoft Excel

Profitability Ratios (Summary)

Devon Energy Corp., profitability ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Return on Sales
Gross profit margin 55.26% 47.82% 35.05% 35.55% 38.62%
Operating profit margin 42.17% 26.44% -58.41% 2.27% 14.10%
Net profit margin 31.38% 23.05% -55.51% -5.71% 28.54%
Return on Investment
Return on equity (ROE) 53.86% 30.37% -92.89% -6.12% 33.36%
Return on assets (ROA) 25.36% 13.38% -27.04% -2.59% 15.66%

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

Microsoft Excel
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

Microsoft Excel
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

Microsoft Excel
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

Microsoft Excel
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

Microsoft Excel
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.