Devon Energy Corporation (DVN)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,661,000 | 4,256,000 | 4,267,000 | 4,127,000 | 4,588,000 | 4,717,000 | 6,113,000 | 7,713,000 | 7,753,000 | 7,859,000 | 6,359,000 | 4,169,000 | 2,878,000 | 1,083,000 | -57,000 | -1,029,000 | -3,227,000 | -3,763,000 | -3,418,000 | -2,182,000 |
| 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 |
| Pretax margin | 22.97% | 27.14% | 27.54% | 27.46% | 30.07% | 30.61% | 35.94% | 40.21% | 40.45% | 41.05% | 37.02% | 29.85% | 23.58% | 11.76% | -0.84% | -21.48% | -66.84% | -73.25% | -58.77% | -30.19% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,661,000K ÷ $15,940,000K
= 22.97%
Devon Energy Corporation's pretax margin experienced notable fluctuations over the analyzed period. The pretax margin was negative for several quarters in 2020 and early 2021, indicating that the company's expenses exceeded its revenues before accounting for taxes. However, starting from March 2021, there was an improvement in the pretax margin, leading to positive percentages for the subsequent quarters. This positive trend continued throughout 2022 and into the first three quarters of 2023, demonstrating increased profitability.
However, in the last quarter of 2023 and throughout 2024, Devon Energy Corporation's pretax margin began to decline. Despite remaining positive, the percentage decreased gradually, indicating a potential slowdown in profitability growth or increased costs relative to revenues. Investors and stakeholders may want to monitor this trend closely in future periods to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2024