Devon Energy Corporation (DVN)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | -385,000 | 1,830,000 | 4,033,000 | 3,058,000 |
| 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 |
| Pretax margin | 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% | -6.19% | 22.42% | 48.07% | 36.80% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,588,000K ÷ $15,258,000K
= 30.07%
The pretax margin of Devon Energy Corp. has exhibited some fluctuations over the past eight quarters. In Q1 2023, the pretax margin was at its highest point at 40.34%, showing strong operational efficiency. However, in the subsequent quarters, there was a slight decrease in the pretax margin, with Q4 2023 seeing a value of 30.30%.
Overall, the company has maintained a relatively healthy pretax margin above 30% for most of the quarters, indicating effective cost management and revenue generation. It is essential for Devon Energy Corp. to monitor its pretax margin closely to ensure sustained profitability and operational effectiveness in the future.
Peer comparison
Dec 31, 2023