Operating Margin: 8.20%
Is the operating margin high or low?
The operating margin of 8.20% is 71% below its 5-year average of 27.79%, near the low end of its 5-year range (8.10%–45.78%).
As of Monday, June 29, 2026. 58.10% below its 12-month average of 19.56%.
DVN Operating Margin
Reported quarterly operating margin; no daily interpolation.
DVN Average Operating Margin Chart
DVN Current vs Average Operating Margin Chart
DVN Operating Margin Metrics
OPERATING MARGIN
8.20%
OPERATING MARGIN AVG TTM
19.56%
OPERATING MARGIN AVG 3Y
26.89%
OPERATING MARGIN AVG 5Y
27.79%
OPERATING MARGIN AVG 10Y
21.38%
OPERATING MARGIN AVG 15Y
23.97%
OPERATING MARGIN AVG 20Y
28.75%
CURRENT VS TTM AVG
-58.10%
CURRENT VS 3Y AVG
-69.52%
CURRENT VS 5Y AVG
-70.51%
CURRENT VS 10Y AVG
-61.67%
CURRENT VS 15Y AVG
-65.81%
CURRENT VS 20Y AVG
-71.50%
DVN Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Devon Energy Corporation (DVN) | $26.23B | 8.20% | 19.56% | 26.89% | 27.79% |
| First Solar, Inc. (FSLR)vs › | $25.69B | 33.17% | 32.70% | 22.55% | 20.33% |
| Texas Pacific Land Corporation (TPL)vs › | $27.30B | 74.42% | 75.28% | 77.94% | 77.33% |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 31.10% | 28.70% | 37.80% | 36.12% |
| Halliburton Company (HAL)vs › | $28.58B | 11.31% | 13.43% | 14.48% | 8.81% |
| Tenaris S.A. (TS)vs › | $30.06B | 19.10% | 19.23% | 23.17% | 15.11% |
| Expand Energy Corporation (EXE)vs › | $21.16B | 17.49% | -0.77% | 17.98% | -10.55% |
| EQT Corporation (EQT)vs › | $32.96B | 34.70% | 23.91% | 28.96% | 10.49% |
| APA Corporation (APA)vs › | $11.67B | 34.63% | 31.84% | 37.53% | 31.29% |
| Antero Midstream Corporation (AM)vs › | $11.01B | 57.56% | 53.61% | 54.17% | 43.65% |
Operating Efficiency
Gross Margin
22.1%
Operating Margin
8.2%
Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Operating Margin FAQ
- What is the operating margin for Devon Energy Corporation (DVN)?
- The operating margin for DVN stock is 8.20%.
- Is Devon Energy Corporation's operating margin high or low?
- The operating margin of 8.20% is 71% below its 5-year average of 27.79%, near the low end of its 5-year range (8.10%–45.78%).
- What is the TTM average operating margin for Devon Energy Corporation (DVN)?
- The TTM average operating margin for DVN stock is 19.56%.
- What is the 3Y average operating margin for Devon Energy Corporation (DVN)?
- The 3Y average operating margin for DVN stock is 26.89%.
- What is the 5Y average operating margin for Devon Energy Corporation (DVN)?
- The 5Y average operating margin for DVN stock is 27.79%.
- What is the 10Y average operating margin for Devon Energy Corporation (DVN)?
- The 10Y average operating margin for DVN stock is 21.38%.
- What is the 15Y average operating margin for Devon Energy Corporation (DVN)?
- The 15Y average operating margin for DVN stock is 23.97%.
- What is the 20Y average operating margin for Devon Energy Corporation (DVN)?
- The 20Y average operating margin for DVN stock is 28.75%.
DVN Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2026-03-31 | 8.20% |
| 2025-12-31 | 20.41% |
| 2025-09-30 | 22.67% |
| 2025-06-30 | 22.90% |
| 2025-03-31 | 23.63% |
| 2024-12-31 | 21.42% |
| 2024-09-30 | 29.85% |
| 2024-06-30 | 29.00% |
| 2024-03-31 | 24.11% |
| 2023-12-31 | 36.67% |
| 2023-09-30 | 30.60% |
| 2023-06-30 | 27.33% |
| 2023-03-31 | 34.03% |
| 2022-12-31 | 36.89% |
| 2022-09-30 | 45.78% |
| 2022-06-30 | 45.66% |
| 2022-03-31 | 33.53% |
| 2021-12-31 | 39.71% |
| 2021-09-30 | 30.67% |
| 2021-06-30 | 12.37% |
| 2021-03-31 | 8.10% |
| 2020-12-31 | 0.31% |
| 2020-09-30 | -8.90% |
| 2020-06-30 | -151.78% |
| 2020-03-31 | 27.60% |
| 2019-12-31 | -0.25% |
| 2019-09-30 | 15.01% |
| 2019-06-30 | 16.72% |
| 2019-03-31 | -41.98% |
| 2018-12-31 | 36.73% |
| 2018-09-30 | 2.13% |
| 2018-06-30 | -8.95% |
| 2018-03-31 | 6.14% |
| 2017-12-31 | -14.19% |
| 2017-09-30 | 16.86% |
| 2017-06-30 | 25.03% |
| 2017-03-31 | 19.88% |
| 2016-12-31 | 22.69% |
| 2016-09-30 | 50.83% |
| 2016-06-30 | -60.17% |
| 2016-03-31 | -164.63% |
| 2015-12-31 | -187.98% |
| 2015-09-30 | -151.18% |
| 2015-06-30 | -128.59% |
| 2015-03-31 | -168.30% |
| 2014-12-31 | 7.67% |
| 2014-09-30 | 33.25% |
| 2014-06-30 | 39.33% |
| 2014-03-31 | 18.52% |
| 2013-12-31 | 22.72% |
| 2013-09-30 | 27.01% |
| 2013-06-30 | 35.62% |
| 2013-03-31 | -94.22% |
| 2012-12-31 | 32.82% |
| 2012-09-30 | 3.70% |
| 2012-06-30 | 34.27% |
| 2012-03-31 | 28.35% |
| 2011-12-31 | 28.92% |
| 2011-09-30 | 61.51% |
| 2011-06-30 | 53.71% |
| 2011-03-31 | 27.90% |
| 2010-12-31 | 84.67% |
| 2010-09-30 | 42.58% |
| 2010-06-30 | 35.80% |
| 2010-03-31 | 63.65% |
| 2009-12-31 | -304.00% |
| 2009-09-30 | 25.49% |
| 2009-06-30 | 16.41% |
| 2009-03-31 | -318.74% |
| 2008-12-31 | -362.69% |
| 2008-09-30 | 62.48% |
| 2008-06-30 | 35.54% |
| 2008-03-31 | 65.18% |
| 2007-12-31 | 41.13% |
| 2007-09-30 | 37.68% |
| 2007-06-30 | 42.13% |
| 2007-03-31 | 78.41% |
| 2006-12-31 | 33.35% |
| 2006-09-30 | 39.82% |
| 2006-06-30 | 42.60% |
| 2006-03-31 | 46.56% |
| 2005-12-31 | 47.08% |
| 2005-09-30 | 52.03% |
| 2005-06-30 | 45.99% |
| 2005-03-31 | 40.20% |
| 2004-12-31 | 41.70% |
| 2004-09-30 | 41.24% |
| 2004-06-30 | 41.05% |
| 2004-03-31 | 39.54% |
| 2003-12-31 | 34.90% |
| 2003-09-30 | 37.68% |
| 2003-06-30 | 37.23% |
| 2003-03-31 | 42.49% |
| 2002-12-31 | 18.00% |
| 2002-09-30 | 26.58% |
| 2002-06-30 | -29.07% |
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