Return on Invested Capital (ROIC): 10.46%
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 10.46% is 29% below its 5-year average of 14.65%, around the middle of its 5-year range (0.00%–29.47%).
As of Monday, June 29, 2026. 6.77% below its 12-month average of 11.22%.
DVN Return on Invested Capital (ROIC) Chart
Annual fiscal-year return on invested capital; no daily interpolation.
DVN Average Return on Invested Capital (ROIC) Chart
DVN Current vs Average Return on Invested Capital (ROIC) Chart
DVN Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
10.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
14.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.13%
CURRENT VS TTM AVG
-6.77%
CURRENT VS 3Y AVG
-40.45%
CURRENT VS 5Y AVG
-28.62%
CURRENT VS 10Y AVG
+270.68%
CURRENT VS 15Y AVG
+101.10%
CURRENT VS 20Y AVG
+103.75%
DVN Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Devon Energy Corporation (DVN) | $26.23B | 10.46% | 11.22% | 17.56% | 14.65% |
| First Solar, Inc. (FSLR)vs › | $25.69B | 14.42% | 13.43% | 9.38% | 8.29% |
| Texas Pacific Land Corporation (TPL)vs › | $27.30B | 30.12% | 32.86% | 38.58% | 37.62% |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 8.00% | 6.80% | 10.87% | 9.26% |
| Halliburton Company (HAL)vs › | $28.58B | 8.38% | 11.54% | 12.77% | 8.00% |
| Tenaris S.A. (TS)vs › | $30.06B | 10.12% | 10.43% | 14.13% | 9.32% |
| Expand Energy Corporation (EXE)vs › | $21.16B | 6.38% | 1.84% | 12.91% | -13.44% |
| EQT Corporation (EQT)vs › | $32.96B | 6.18% | 3.92% | 6.66% | 2.88% |
| APA Corporation (APA)vs › | $11.67B | 9.96% | 12.00% | 21.17% | 17.07% |
| Antero Midstream Corporation (AM)vs › | $11.01B | 8.18% | 8.25% | 7.88% | 6.27% |
Capital Efficiency
ROIC
10.5%
ROE
14.7%
Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Devon Energy Corporation (DVN)?
- The return on invested capital (ROIC) for DVN stock is 10.46%.
- Is Devon Energy Corporation's return on invested capital (ROIC) high or low?
- The return on invested capital (ROIC) of 10.46% is 29% below its 5-year average of 14.65%, around the middle of its 5-year range (0.00%–29.47%).
- What is the TTM average return on invested capital (ROIC) for Devon Energy Corporation (DVN)?
- The TTM average return on invested capital (ROIC) for DVN stock is 11.22%.
- What is the 3Y average return on invested capital (ROIC) for Devon Energy Corporation (DVN)?
- The 3Y average return on invested capital (ROIC) for DVN stock is 17.56%.
- What is the 5Y average return on invested capital (ROIC) for Devon Energy Corporation (DVN)?
- The 5Y average return on invested capital (ROIC) for DVN stock is 14.65%.
- What is the 10Y average return on invested capital (ROIC) for Devon Energy Corporation (DVN)?
- The 10Y average return on invested capital (ROIC) for DVN stock is 2.82%.
- What is the 15Y average return on invested capital (ROIC) for Devon Energy Corporation (DVN)?
- The 15Y average return on invested capital (ROIC) for DVN stock is 5.20%.
- What is the 20Y average return on invested capital (ROIC) for Devon Energy Corporation (DVN)?
- The 20Y average return on invested capital (ROIC) for DVN stock is 5.13%.
DVN Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 10.46% |
| 2024-12-31 | 11.98% |
| 2023-12-31 | 18.35% |
| 2022-12-31 | 29.47% |
| 2021-12-31 | 17.66% |
| 2020-12-31 | 0.00% |
| 2019-12-31 | 0.98% |
| 2018-12-31 | 6.45% |
| 2017-12-31 | 0.46% |
| 2016-12-31 | -12.43% |
| 2015-12-31 | -52.34% |
| 2014-12-31 | 4.24% |
| 2013-12-31 | -0.19% |
| 2012-12-31 | 0.11% |
| 2011-12-31 | 6.03% |
| 2010-12-31 | 8.72% |
| 2009-12-31 | 5.00% |
| 2008-12-31 | -9.49% |
| 2007-12-31 | 8.68% |
| 2006-12-31 | 9.17% |
| 2005-12-31 | 11.36% |
| 2004-12-31 | 8.90% |
| 2003-12-31 | 8.46% |
| 2002-12-31 | -1.06% |
| 2001-12-31 | 1.20% |
| 2000-12-31 | 11.78% |
| 1999-12-31 | -1.41% |
| 1998-12-31 | -17.56% |
| 1997-12-31 | 10.14% |
| 1996-12-31 | 8.01% |
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