Devon Energy Corporation (DVN) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 24.6% | 22.0% | 15.4% |
| 2024 | 27.4% | 24.2% | 18.6% |
| 2023 | 34.3% | 31.7% | 24.7% |
| 2022 | 45.3% | 43.3% | 30.3% |
| 2021 | 37.9% | 35.0% | 20.2% |
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Devon Energy Corporation (DVN) Earnings Overview
As of March 1, 2026, Devon Energy Corporation (DVN) reported trailing twelve-month net income of $2.64B, reflecting -0.1% year-over-year growth. The company earned $4.25 per diluted share over the past four quarters, with a net profit margin of 0.2%.
Looking at the long-term picture, DVN's historical earnings data spans multiple years. The company achieved its highest annual net income of $6.01B in fiscal 2022.
Devon Energy Corporation maintains positive profitability with a gross margin of 0.2%, operating margin of 0.2%, and net margin of 0.2%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including EOG ($4.98B net income, 0.2% margin), FANG ($1.66B net income, 0.1% margin), OVV ($1.24B net income, 0.1% margin), DVN has room to improve margins relative to the peer group. Compare DVN vs EOG →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.64B | -8.6% | $3.77B | $4.20 | 15.4% | 22.0% |
| 2024 | $2.89B | -22.8% | $3.77B | $4.57 | 18.6% | 24.2% |
| 2023 | $3.75B | -37.7% | $4.79B | $5.84 | 24.7% | 31.7% |
| 2022 | $6.01B | +116.1% | $8.58B | $9.12 | 30.3% | 43.3% |
| 2021 | $2.78B | +203.7% | $4.82B | $4.18 | 20.2% | 35.0% |
| 2020 | -$2.68B | -651.8% | -$590M | $-7.12 | -61.7% | -13.6% |
| 2019 | -$357M | -111.7% | $635M | $-0.20 | -5.3% | 9.5% |
| 2018 | $3.06B | +241.2% | $1.03B | $6.10 | 36.3% | 12.3% |
| 2017 | $898M | +127.2% | $672M | $1.70 | 10.2% | 7.6% |
| 2016 | -$3.30B | +77.2% | $8M | $-6.44 | -31.4% | 0.1% |
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Start ComparisonFrequently Asked Questions
Is DVN growing earnings?
DVN EPS of $4.25 reflects slowing growth at -0.1%, below the 5-year CAGR of N/A. TTM net income is $2.6B. Expansion rate has moderated.
What are DVN's profit margins?
Devon Energy Corporation net margin is +0.2%, with operating margin at +0.2%. Below-average margins reflect competitive or cost pressures.
How consistent are DVN's earnings?
DVN earnings data spans 1989-2025. The current earnings trend is -0.1% YoY. Historical data enables comparison across business cycles.