Devon Energy Corporation (DVN)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,891,000 | 3,404,000 | 3,502,000 | 3,348,000 | 3,747,000 | 3,796,000 | 4,779,000 | 6,021,000 | 6,015,000 | 6,320,000 | 5,265,000 | 3,589,000 | 2,813,000 | 1,205,000 | 275,000 | -651,000 | -2,680,000 | -3,220,000 | -3,019,000 | -1,854,000 |
| Revenue (ttm) | US$ in thousands | 15,940,000 | 15,682,000 | 15,494,000 | 15,031,000 | 15,258,000 | 15,412,000 | 17,008,000 | 19,180,000 | 19,169,000 | 19,143,000 | 17,177,000 | 13,968,000 | 12,206,000 | 9,213,000 | 6,814,000 | 4,791,000 | 4,828,000 | 5,137,000 | 5,816,000 | 7,228,000 |
| Net profit margin | 18.14% | 21.71% | 22.60% | 22.27% | 24.56% | 24.63% | 28.10% | 31.39% | 31.38% | 33.01% | 30.65% | 25.69% | 23.05% | 13.08% | 4.04% | -13.59% | -55.51% | -62.68% | -51.91% | -25.65% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,891,000K ÷ $15,940,000K
= 18.14%
Devon Energy Corporation's net profit margin has shown a significant improvement over the period from March 31, 2020, to December 31, 2024. The company started this period with negative net profit margins, indicating losses incurred in the initial quarters. However, there was a noticeable turnaround as the net profit margin steadily increased over subsequent quarters.
By the end of December 31, 2024, Devon Energy Corporation achieved a net profit margin of 18.14%. This exemplifies a positive trend in the company's profitability, reflecting its ability to generate more profit from each dollar of revenue. The consistent growth in net profit margin signals improved efficiency in cost management, revenue generation, and overall operational performance.
The rise in net profit margins over the period showcases Devon Energy Corporation's enhanced financial health and performance, indicating a more robust bottom line and potential for sustained profitability in the future.
Peer comparison
Dec 31, 2024