Devon Energy Corporation (DVN)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	2,891,000	3,747,000	6,015,000	2,813,000	-2,680,000
Revenue	US$ in thousands	15,940,000	15,258,000	19,169,000	12,206,000	4,828,000
Net profit margin		18.14%	24.56%	31.38%	23.05%	-55.51%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $2,891,000K ÷ $15,940,000K
= 18.14%

The net profit margin of Devon Energy Corporation has displayed significant fluctuations over the past five years. The margin stood at a concerning -55.51% as of December 31, 2020, indicating that the company's expenses exceeded its revenue, resulting in a negative profit margin. However, there has been a notable turnaround in the subsequent years, with the net profit margin improving to 23.05% as of December 31, 2021. This positive trend continued in 2022 and 2023, reaching 31.38% and 24.56%, respectively.

However, there was a slight decline in the net profit margin to 18.14% as of December 31, 2024, although it still remained positive. This indicates that Devon Energy Corporation has made improvements in its cost management and revenue generation strategies, leading to higher profitability. Overall, the company has shown resilience in enhancing its bottom line performance, albeit with some fluctuations in recent years.