Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 34.50% is 19% above its 5-year average of 29.04%, around the middle of its 5-year range (8.20%–45.78%).
As of the fiscal period ended Tuesday, June 30, 2026. 58.73% above its 12-month average of 21.74%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
34.50%
OPERATING MARGIN AVG TTM
21.74%
OPERATING MARGIN AVG 3Y
26.92%
OPERATING MARGIN AVG 5Y
29.04%
OPERATING MARGIN AVG 10Y
21.73%
OPERATING MARGIN AVG 15Y
24.10%
OPERATING MARGIN AVG 20Y
28.58%
CURRENT VS TTM AVG
+58.73%
CURRENT VS 3Y AVG
+28.14%
CURRENT VS 5Y AVG
+18.79%
CURRENT VS 10Y AVG
+58.78%
CURRENT VS 15Y AVG
+43.17%
CURRENT VS 20Y AVG
+20.73%
SECTOR MEDIAN · ENERGY
16.66%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+107.09%
vs the sector median at left
Devon Energy Corporation
Market Cap
$31.01B
Operating Margin
34.50%
TTM Avg
21.74%
3Y Avg
26.92%
5Y Avg
29.04%
Market Cap
$32.99B
Operating Margin
37.87%
TTM Avg
36.01%
3Y Avg
47.14%
5Y Avg
37.71%
Market Cap
$33.75B
Operating Margin
34.70%
TTM Avg
23.91%
3Y Avg
28.96%
5Y Avg
10.49%
Market Cap
$27.49B
Operating Margin
11.44%
TTM Avg
13.43%
3Y Avg
14.48%
5Y Avg
8.81%
Market Cap
$24.02B
Operating Margin
74.92%
TTM Avg
75.28%
3Y Avg
77.94%
5Y Avg
77.33%
Market Cap
$21.96B
Operating Margin
17.49%
TTM Avg
-0.77%
3Y Avg
17.98%
5Y Avg
-10.55%
Market Cap
$42.72B
Operating Margin
14.57%
TTM Avg
16.48%
3Y Avg
11.17%
5Y Avg
5.18%
Market Cap
$14.07B
Operating Margin
30.83%
TTM Avg
31.84%
3Y Avg
37.53%
5Y Avg
31.29%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Devon Energy Corporation (DVN) | $31.01B | 34.50% | 21.74% | 26.92% | 29.04% |
| Venture Global, Inc. (VG)vs › | $32.99B | 37.87% | 36.01% | 47.14% | 37.71% |
| Tenaris S.A. (TS)vs › | $28.30B | 18.55% | 19.23% | 23.17% | 15.11% |
| EQT Corporation (EQT)vs › | $33.75B | 34.70% | 23.91% | 28.96% | 10.49% |
| Halliburton Company (HAL)vs › | $27.49B | 11.44% | 13.43% | 14.48% | 8.81% |
| Texas Pacific Land Corporation (TPL)vs › | $24.02B | 74.92% | 75.28% | 77.94% | 77.33% |
| Expand Energy Corporation (EXE)vs › | $21.96B | 17.49% | -0.77% | 17.98% | -10.55% |
| Cameco Corporation (CCJ)vs › | $42.72B | 14.57% | 16.48% | 11.17% | 5.18% |
| APA Corporation (APA)vs › | $14.07B | 30.83% | 31.84% | 37.53% | 31.29% |
| Antero Midstream Corporation (AM)vs › | $10.51B | 56.05% | 53.61% | 54.17% | 43.65% |
Gross Margin
25.6%
Operating Margin
34.5%
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
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 34.50% |
| 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% |
