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Devon Energy DVN Operating margin

Discontinued — last reported Q3 '16

Operating margin at other companies

EOG Resources logo
EOG ResourcesEOG
29.8%-3.2pp
Oneok logo
OneokOKE
16.9%-3.7pp
Permian Resources logo
Permian ResourcesPR
28.1%-6.6pp
EQT Corporation logo
EQT CorporationEQT
46.6%+28.7pp
Enterprise Products Partners logo
Enterprise Products PartnersEPD
14.4%+1.6pp

Other financials

Income statement

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Revenue$3.8B-14.5%
Net income$120.0M-75.7%
EPS (diluted)$0.19-75.3%

Balance sheet

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Total debt$8.7B-3.5%
Total equity$15.4B+6.1%
Total assets$32.5B+5.2%

Cash flow

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Operating cash flow$1.7B-14.8%
CapEx$839.0M-10.2%
Free cash flow$816.0M-19.1%

Valuation

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Market cap$49.11B+28.7%
P/E21.7×+8.0×
P/S+0.7×

Profitability

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Gross margin63.5%
Net margin13.7%-2.9pp

Returns & leverage

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Return on equity15.1%-5.8pp
Debt / equity0.6×-0.1×
Current ratio-0.1×

Where this comes from

Calculated from Devon Energy’s reported figures.

Based on trailing twelve months.

The official record: Devon Energy’s 10-Q, filed November 1, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.