EBITDA Margin: 31.94%
Is the EBITDA margin high or low?
The EBITDA margin of 31.94% is 30% below its 5-year average of 45.82%, near the low end of its 5-year range (30.88%–56.48%).
As of Monday, June 29, 2026. 22.19% below its 12-month average of 41.05%.
DVN EBITDA Margin
Reported quarterly EBITDA margin; no daily interpolation.
DVN Average EBITDA Margin Chart
DVN Current vs Average EBITDA Margin Chart
DVN EBITDA Margin Metrics
EBITDA MARGIN
31.94%
EBITDA MARGIN AVG TTM
41.05%
EBITDA MARGIN AVG 3Y
46.25%
EBITDA MARGIN AVG 5Y
47.34%
EBITDA MARGIN AVG 10Y
39.82%
EBITDA MARGIN AVG 15Y
42.74%
EBITDA MARGIN AVG 20Y
47.81%
CURRENT VS TTM AVG
-22.19%
CURRENT VS 3Y AVG
-30.94%
CURRENT VS 5Y AVG
-32.53%
CURRENT VS 10Y AVG
-19.80%
CURRENT VS 15Y AVG
-25.26%
CURRENT VS 20Y AVG
-33.19%
DVN Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Devon Energy Corporation (DVN) | $26.23B | 31.94% | 41.05% | 46.25% | 47.34% |
| First Solar, Inc. (FSLR)vs › | $25.69B | 42.39% | 42.80% | 32.50% | 29.87% |
| Texas Pacific Land Corporation (TPL)vs › | $27.30B | 82.02% | 80.98% | 81.95% | 81.39% |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 63.01% | 61.11% | 65.45% | 62.40% |
| Halliburton Company (HAL)vs › | $28.58B | 15.31% | 18.34% | 19.18% | 14.14% |
| Tenaris S.A. (TS)vs › | $30.06B | 24.28% | 24.33% | 27.93% | 22.00% |
| Expand Energy Corporation (EXE)vs › | $21.16B | 43.07% | 32.51% | 43.35% | 12.15% |
| EQT Corporation (EQT)vs › | $32.96B | 63.36% | 58.95% | 58.45% | 43.37% |
| APA Corporation (APA)vs › | $11.67B | 59.20% | 57.67% | 58.61% | 54.84% |
| Antero Midstream Corporation (AM)vs › | $11.01B | 67.48% | 70.69% | 72.47% | 62.01% |
Margin Comparison
Gross Margin
22.1%
EBITDA Margin
31.9%
Operating Margin
18.8%
Net Margin
13.7%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
EBITDA Margin Formula & Definition
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
EBITDA Margin FAQ
- What is the EBITDA margin for Devon Energy Corporation (DVN)?
- The EBITDA margin for DVN stock is 31.94%.
- Is Devon Energy Corporation's EBITDA margin high or low?
- The EBITDA margin of 31.94% is 30% below its 5-year average of 45.82%, near the low end of its 5-year range (30.88%–56.48%).
- What is the TTM average EBITDA margin for Devon Energy Corporation (DVN)?
- The TTM average EBITDA margin for DVN stock is 41.05%.
- What is the 3Y average EBITDA margin for Devon Energy Corporation (DVN)?
- The 3Y average EBITDA margin for DVN stock is 46.25%.
- What is the 5Y average EBITDA margin for Devon Energy Corporation (DVN)?
- The 5Y average EBITDA margin for DVN stock is 47.34%.
- What is the 10Y average EBITDA margin for Devon Energy Corporation (DVN)?
- The 10Y average EBITDA margin for DVN stock is 39.82%.
- What is the 15Y average EBITDA margin for Devon Energy Corporation (DVN)?
- The 15Y average EBITDA margin for DVN stock is 42.74%.
- What is the 20Y average EBITDA margin for Devon Energy Corporation (DVN)?
- The 20Y average EBITDA margin for DVN stock is 47.81%.
DVN EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2026-03-31 | 31.94% |
| 2025-12-31 | 42.00% |
| 2025-09-30 | 42.97% |
| 2025-06-30 | 44.23% |
| 2025-03-31 | 44.12% |
| 2024-12-31 | 43.47% |
| 2024-09-30 | 49.58% |
| 2024-06-30 | 48.61% |
| 2024-03-31 | 44.19% |
| 2023-12-31 | 52.35% |
| 2023-09-30 | 47.58% |
| 2023-06-30 | 45.80% |
| 2023-03-31 | 50.12% |
| 2022-12-31 | 51.43% |
| 2022-09-30 | 56.48% |
| 2022-06-30 | 55.05% |
| 2022-03-31 | 46.35% |
| 2021-12-31 | 53.22% |
| 2021-09-30 | 47.35% |
| 2021-06-30 | 34.55% |
| 2021-03-31 | 30.88% |
| 2020-12-31 | 23.83% |
| 2020-09-30 | 19.12% |
| 2020-06-30 | -75.89% |
| 2020-03-31 | 46.81% |
| 2019-12-31 | 25.98% |
| 2019-09-30 | 36.83% |
| 2019-06-30 | 37.43% |
| 2019-03-31 | -8.62% |
| 2018-12-31 | 48.14% |
| 2018-09-30 | 18.00% |
| 2018-06-30 | 8.84% |
| 2018-03-31 | 24.29% |
| 2017-12-31 | 8.71% |
| 2017-09-30 | 36.01% |
| 2017-06-30 | 42.08% |
| 2017-03-31 | 34.75% |
| 2016-12-31 | 35.93% |
| 2016-09-30 | 64.50% |
| 2016-06-30 | -40.72% |
| 2016-03-31 | -139.13% |
| 2015-12-31 | -165.77% |
| 2015-09-30 | -130.52% |
| 2015-06-30 | -104.60% |
| 2015-03-31 | -139.82% |
| 2014-12-31 | 22.85% |
| 2014-09-30 | 49.03% |
| 2014-06-30 | 57.69% |
| 2014-03-31 | 38.36% |
| 2013-12-31 | 49.92% |
| 2013-09-30 | 52.47% |
| 2013-06-30 | 57.45% |
| 2013-03-31 | -58.50% |
| 2012-12-31 | 56.43% |
| 2012-09-30 | 42.09% |
| 2012-06-30 | 61.00% |
| 2012-03-31 | 55.59% |
| 2011-12-31 | 52.19% |
| 2011-09-30 | 81.98% |
| 2011-06-30 | 73.32% |
| 2011-03-31 | 49.76% |
| 2010-12-31 | 121.60% |
| 2010-09-30 | 64.18% |
| 2010-06-30 | 58.16% |
| 2010-03-31 | 82.46% |
| 2009-12-31 | -285.88% |
| 2009-09-30 | 51.89% |
| 2009-06-30 | 44.07% |
| 2009-03-31 | -285.58% |
| 2008-12-31 | -324.21% |
| 2008-09-30 | 76.66% |
| 2008-06-30 | 58.77% |
| 2008-03-31 | 91.87% |
| 2007-12-31 | 65.37% |
| 2007-09-30 | 65.04% |
| 2007-06-30 | 65.82% |
| 2007-03-31 | 104.00% |
| 2006-12-31 | 58.96% |
| 2006-09-30 | 65.75% |
| 2006-06-30 | 70.85% |
| 2006-03-31 | 65.92% |
| 2005-12-31 | 64.05% |
| 2005-09-30 | 71.75% |
| 2005-06-30 | 67.59% |
| 2005-03-31 | 64.82% |
| 2004-12-31 | 65.80% |
| 2004-09-30 | 66.43% |
| 2004-06-30 | 65.80% |
| 2004-03-31 | 65.10% |
| 2003-12-31 | 64.17% |
| 2003-09-30 | 63.76% |
| 2003-06-30 | 60.78% |
| 2003-03-31 | 60.20% |
| 2002-12-31 | 39.90% |
| 2002-09-30 | 56.45% |
| 2002-06-30 | -0.96% |
Related Metrics
About Devon Energy Corporation
As an independent energy producer, Devon Energy Corporation primarily focuses on the exploration, development, and extraction of oil, natural gas, and natural gas liquids within the United States. The company manages roughly 5,134 gross wells. Established in 1971, its corporate headquarters are located in Oklahoma City, Oklahoma.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Clay Gaspar