Devon Energy Corporation (DVN)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	-355,000	1,436,000	3,864,000	2,944,000
Revenue (ttm)	US$ in thousands	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	6,220,000	8,161,000	8,389,000	8,310,000
Net profit margin		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%	-5.71%	17.60%	46.06%	35.43%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,747,000K ÷ $15,258,000K
= 24.56%

The net profit margin of Devon Energy Corp. has demonstrated variability over the past eight quarters, ranging from 24.51% to 32.17%. In Q4 2023, the net profit margin was 24.56%, slightly higher than the previous quarter. The highest net profit margin was observed in Q3 2022 at 32.17%, while the lowest was in Q1 2023 at 24.87%. Overall, the trend indicates some fluctuations in profitability, which could be influenced by factors such as operating expenses, revenue changes, or one-time events impacting the bottom line. Further analysis of the company's financial performance and key drivers of profitability would be necessary to determine the underlying reasons for these fluctuations in net profit margin.