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 
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

Devon Energy Corp., profitability ratios (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Return on Sales
Gross profit margin 51.78% 54.29% 56.03% 55.26% 54.76% 52.76% 48.80% 47.82% 42.87% 36.75% 27.78% 35.05% 37.01% 40.42% 46.43% 35.55% 43.77% 40.23% 35.47% 38.62%
Operating profit margin 32.77% 37.80% 41.88% 42.17% 42.23% 38.50% 31.77% 26.44% 16.12% 4.01% -16.28% -58.41% -53.28% -40.58% -20.25% 2.27% 19.81% 17.87% 9.72% 14.10%
Net profit margin 24.63% 28.10% 31.39% 31.38% 32.53% 30.15% 25.18% 23.05% 13.50% 4.21% -14.46% -55.51% -62.68% -51.91% -25.65% -5.71% 17.22% 42.13% 30.62% 28.54%
Return on Investment
Return on equity (ROE) 32.61% 43.36% 54.85% 53.86% 58.13% 52.18% 38.59% 30.37% 13.50% 3.27% -7.79% -92.89% -106.52% -93.55% -47.31% -6.12% 21.95% 55.25% 37.47% 33.36%
Return on assets (ROA) 15.66% 20.46% 25.71% 25.36% 26.83% 22.70% 16.48% 13.38% 5.72% 1.37% -3.18% -27.04% -31.18% -29.15% -16.64% -2.59% 9.98% 23.21% 16.29% 15.66%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

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 deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Devon Energy Corp. operating profit margin ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Devon Energy Corp. net profit margin ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Devon Energy Corp. ROE deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
ROA A profitability ratio calculated as net income divided by total assets. Devon Energy Corp. ROA deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Gross Profit Margin

Devon Energy Corp., gross profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Gross profit (loss) 1,919 1,684 2,025 2,353 3,172 3,197 1,870 2,402 1,746 939 750 391 318 (208) 1,191 600 768 797 46 2,039 808 517 782
Revenues 3,836 3,454 3,823 4,299 5,432 5,626 3,812 4,561 3,466 2,417 1,762 1,280 1,067 394 2,087 1,589 1,746 1,806 1,079 3,708 2,579 2,249 2,198
Profitability Ratio
Gross profit margin1 51.78% 54.29% 56.03% 55.26% 54.76% 52.76% 48.80% 47.82% 42.87% 36.75% 27.78% 35.05% 37.01% 40.42% 46.43% 35.55% 43.77% 40.23% 35.47% 38.62%
Benchmarks
Gross Profit Margin, Competitors2
Marathon Petroleum Corp. 14.73% 14.89% 16.28% 14.53% 13.12% 11.59% 8.38% 8.31% 7.39% 6.33% 5.42% 5.80% 8.54% 10.45% 11.25% 11.06%
Valero Energy Corp. 10.41% 10.17% 11.18% 9.52% 8.23% 7.02% 3.91% 2.75% 1.04% -0.40% 1.47% -1.14% 1.96% 3.44% 2.03% 4.41%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
Gross profit margin = 100 × (Gross profit (loss)Q3 2023 + Gross profit (loss)Q2 2023 + Gross profit (loss)Q1 2023 + Gross profit (loss)Q4 2022) ÷ (RevenuesQ3 2023 + RevenuesQ2 2023 + RevenuesQ1 2023 + RevenuesQ4 2022)
= 100 × (1,919 + 1,684 + 2,025 + 2,353) ÷ (3,836 + 3,454 + 3,823 + 4,299) = 51.78%

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 deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Operating Profit Margin

Devon Energy Corp., operating profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Operating income (loss) 1,153 975 1,296 1,626 2,532 2,579 1,347 1,748 1,050 384 45 (40) (127) (611) (2,042) 43 250 285 (437) 1,554 237 (419) 142
Revenues 3,836 3,454 3,823 4,299 5,432 5,626 3,812 4,561 3,466 2,417 1,762 1,280 1,067 394 2,087 1,589 1,746 1,806 1,079 3,708 2,579 2,249 2,198
Profitability Ratio
Operating profit margin1 32.77% 37.80% 41.88% 42.17% 42.23% 38.50% 31.77% 26.44% 16.12% 4.01% -16.28% -58.41% -53.28% -40.58% -20.25% 2.27% 19.81% 17.87% 9.72% 14.10%
Benchmarks
Operating Profit Margin, Competitors2
Chevron Corp. 18.06% 19.98% 21.92% 21.42% 21.03% 19.86% 16.73% 14.81% 11.53% 6.49% -7.90% -6.22% -13.16% -8.42% 5.08% 4.83%
ConocoPhillips 30.06% 31.80% 33.89% 36.80% 37.27% 37.07% 36.63% 29.84% 22.86% 14.26% 4.66% -12.74% 0.02% 16.39% 20.41% 32.04%
Exxon Mobil Corp. 17.15% 19.54% 21.37% 19.07% 18.60% 15.93% 12.25% 11.91% -2.07% -6.88% -12.46% -14.85% 3.17% 5.30% 7.05% 8.66%
Marathon Petroleum Corp. 11.10% 11.98% 13.67% 12.10% 10.70% 8.25% 4.29% 3.58% 2.84% 0.59% 0.18% -17.55% -14.23% -9.03% -6.15% 4.50%
Occidental Petroleum Corp. 26.09% 29.74% 35.99% 38.32% 38.11% 34.71% 25.87% 17.59% 4.22% -23.09% -79.26% -79.89% -69.22% -47.38% -5.23% 3.17%
Valero Energy Corp. 9.66% 9.47% 10.53% 8.90% 7.62% 6.36% 3.17% 1.87% 0.07% -1.54% 0.05% -2.43% 0.83% 2.43% 1.18% 3.54%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
Operating profit margin = 100 × (Operating income (loss)Q3 2023 + Operating income (loss)Q2 2023 + Operating income (loss)Q1 2023 + Operating income (loss)Q4 2022) ÷ (RevenuesQ3 2023 + RevenuesQ2 2023 + RevenuesQ1 2023 + RevenuesQ4 2022)
= 100 × (1,153 + 975 + 1,296 + 1,626) ÷ (3,836 + 3,454 + 3,823 + 4,299) = 32.77%

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 deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Net Profit Margin

Devon Energy Corp., net profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Net earnings (loss) attributable to Devon 910 690 995 1,201 1,893 1,932 989 1,506 838 256 213 (102) (92) (670) (1,816) (642) 109 495 (317) 1,149 2,537 (425) (197)
Revenues 3,836 3,454 3,823 4,299 5,432 5,626 3,812 4,561 3,466 2,417 1,762 1,280 1,067 394 2,087 1,589 1,746 1,806 1,079 3,708 2,579 2,249 2,198
Profitability Ratio
Net profit margin1 24.63% 28.10% 31.39% 31.38% 32.53% 30.15% 25.18% 23.05% 13.50% 4.21% -14.46% -55.51% -62.68% -51.91% -25.65% -5.71% 17.22% 42.13% 30.62% 28.54%
Benchmarks
Net Profit Margin, Competitors2
Chevron Corp. 12.57% 14.09% 15.41% 15.05% 15.05% 14.09% 11.60% 10.04% 7.36% 3.09% -8.10% -5.87% -11.02% -7.57% 2.86% 2.09%
ConocoPhillips 18.67% 19.37% 20.97% 23.80% 24.06% 24.34% 23.91% 17.63% 12.93% 6.33% 0.09% -14.38% -5.76% 9.43% 12.23% 22.07%
Exxon Mobil Corp. 11.01% 13.38% 14.87% 13.23% 13.41% 11.06% 8.40% 8.33% -2.45% -6.21% -10.55% -12.57% 1.70% 3.35% 4.57% 5.61%
Marathon Petroleum Corp. 7.60% 8.13% 9.41% 8.18% 6.92% 5.13% 8.00% 8.12% 9.01% 8.74% -1.19% -14.08% -11.66% -7.96% -5.59% 2.13%
Occidental Petroleum Corp. 18.51% 21.55% 27.29% 36.32% 35.55% 32.60% 25.31% 8.95% -1.47% -24.23% -78.62% -83.28% -74.55% -56.15% -14.39% -3.27%
Valero Energy Corp. 7.11% 6.96% 7.86% 6.54% 5.53% 4.54% 1.93% 0.82% -0.46% -1.69% -0.43% -2.19% 0.00% 1.22% 0.41% 2.24%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
Net profit margin = 100 × (Net earnings (loss) attributable to DevonQ3 2023 + Net earnings (loss) attributable to DevonQ2 2023 + Net earnings (loss) attributable to DevonQ1 2023 + Net earnings (loss) attributable to DevonQ4 2022) ÷ (RevenuesQ3 2023 + RevenuesQ2 2023 + RevenuesQ1 2023 + RevenuesQ4 2022)
= 100 × (910 + 690 + 995 + 1,201) ÷ (3,836 + 3,454 + 3,823 + 4,299) = 24.63%

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 deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Return on Equity (ROE)

Devon Energy Corp., ROE calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Net earnings (loss) attributable to Devon 910 690 995 1,201 1,893 1,932 989 1,506 838 256 213 (102) (92) (670) (1,816) (642) 109 495 (317) 1,149 2,537 (425) (197)
Stockholders’ equity attributable to Devon 11,639 11,021 10,977 11,167 10,873 10,090 9,300 9,262 8,924 8,399 8,353 2,885 3,023 3,227 3,919 5,802 6,542 6,994 7,857 9,186 8,898 8,014 8,905
Profitability Ratio
ROE1 32.61% 43.36% 54.85% 53.86% 58.13% 52.18% 38.59% 30.37% 13.50% 3.27% -7.79% -92.89% -106.52% -93.55% -47.31% -6.12% 21.95% 55.25% 37.47% 33.36%
Benchmarks
ROE, Competitors2
Chevron Corp. 15.41% 19.05% 22.44% 22.27% 21.53% 18.92% 14.02% 11.24% 7.29% 2.69% -5.89% -4.21% -8.72% -6.49% 2.69% 2.03%
ConocoPhillips 23.46% 27.20% 33.15% 38.91% 36.79% 31.69% 26.12% 17.79% 10.61% 4.18% 0.05% -9.05% -3.93% 7.29% 11.55% 20.55%
Exxon Mobil Corp. 19.09% 24.48% 29.54% 27.04% 27.87% 21.97% 15.24% 13.67% -3.67% -8.41% -12.17% -14.28% 1.87% 3.98% 6.25% 7.48%
Marathon Petroleum Corp. 44.66% 49.58% 61.04% 52.38% 45.50% 31.12% 45.16% 37.16% 32.71% 26.52% -3.86% -44.26% -43.06% -32.38% -27.36% 7.83%
Occidental Petroleum Corp. 18.51% 23.35% 32.79% 44.22% 44.97% 39.51% 29.49% 11.42% -1.73% -25.93% -70.84% -79.85% -74.81% -51.73% -10.58% -1.95%
Valero Energy Corp. 41.37% 42.32% 54.81% 48.93% 43.01% 33.72% 13.49% 5.05% -2.51% -7.73% -1.54% -7.56% -0.01% 5.40% 2.28% 11.11%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
ROE = 100 × (Net earnings (loss) attributable to DevonQ3 2023 + Net earnings (loss) attributable to DevonQ2 2023 + Net earnings (loss) attributable to DevonQ1 2023 + Net earnings (loss) attributable to DevonQ4 2022) ÷ Stockholders’ equity attributable to Devon
= 100 × (910 + 690 + 995 + 1,201) ÷ 11,639 = 32.61%

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 deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Return on Assets (ROA)

Devon Energy Corp., ROA calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Net earnings (loss) attributable to Devon 910 690 995 1,201 1,893 1,932 989 1,506 838 256 213 (102) (92) (670) (1,816) (642) 109 495 (317) 1,149 2,537 (425) (197)
Total assets 24,241 23,355 23,420 23,721 23,557 23,194 21,778 21,025 21,057 20,065 20,457 9,912 10,326 10,357 11,144 13,717 14,394 16,649 18,077 19,566 20,172 29,159 29,316
Profitability Ratio
ROA1 15.66% 20.46% 25.71% 25.36% 26.83% 22.70% 16.48% 13.38% 5.72% 1.37% -3.18% -27.04% -31.18% -29.15% -16.64% -2.59% 9.98% 23.21% 16.29% 15.66%
Benchmarks
ROA, Competitors2
Chevron Corp. 9.65% 11.98% 13.98% 13.76% 13.15% 11.26% 8.23% 6.52% 4.13% 1.48% -3.21% -2.31% -5.15% -3.89% 1.64% 1.23%
ConocoPhillips 11.96% 14.43% 17.32% 19.91% 19.04% 16.98% 13.78% 8.91% 5.36% 2.17% 0.02% -4.31% -1.91% 3.64% 5.56% 10.20%
Exxon Mobil Corp. 10.24% 13.41% 15.89% 14.29% 14.01% 10.59% 7.27% 6.80% -1.75% -3.95% -5.72% -6.74% 0.93% 1.98% 3.20% 3.95%
Marathon Petroleum Corp. 12.84% 14.75% 18.84% 16.15% 13.34% 8.46% 11.90% 11.41% 10.36% 8.13% -0.96% -11.54% -11.51% -9.09% -7.63% 2.68%
Occidental Petroleum Corp. 7.55% 9.55% 13.53% 18.32% 17.90% 14.82% 9.89% 3.09% -0.43% -5.92% -16.34% -18.52% -17.60% -13.50% -3.26% -0.61%
Valero Energy Corp. 17.01% 18.03% 22.75% 18.90% 15.88% 10.99% 4.20% 1.61% -0.80% -2.46% -0.51% -2.74% 0.00% 2.18% 0.90% 4.50%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
ROA = 100 × (Net earnings (loss) attributable to DevonQ3 2023 + Net earnings (loss) attributable to DevonQ2 2023 + Net earnings (loss) attributable to DevonQ1 2023 + Net earnings (loss) attributable to DevonQ4 2022) ÷ Total assets
= 100 × (910 + 690 + 995 + 1,201) ÷ 24,241 = 15.66%

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 deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.