Stock Analysis on Net

Devon Energy Corp. (NYSE:DVN)

Analysis of Profitability Ratios 

Microsoft Excel LibreOffice Calc

Profitability Ratios (Summary)

Devon Energy Corp., profitability ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Return on Sales
Gross profit margin 47.82% 35.05% 35.55% 38.62% 31.51%
Operating profit margin 26.44% -58.41% 2.27% 14.10% 9.99%
Net profit margin 23.05% -55.51% -5.71% 28.54% 6.44%
Return on Investment
Return on equity (ROE) 30.37% -92.89% -6.12% 33.36% 9.70%
Return on assets (ROA) 13.38% -27.04% -2.59% 15.66% 2.97%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Devon Energy Corp. gross profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Devon Energy Corp. operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Devon Energy Corp. net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Devon Energy Corp. ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
ROA A profitability ratio calculated as net income divided by total assets. Devon Energy Corp. ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Gross Profit Margin

Devon Energy Corp., gross profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Gross profit 5,837  1,692  2,211  4,146  4,396 
Revenues 12,206  4,828  6,220  10,734  13,949 
Profitability Ratio
Gross profit margin1 47.82% 35.05% 35.55% 38.62% 31.51%
Benchmarks
Gross Profit Margin, Competitors2
Chevron Corp. 29.25% 25.04% 27.43% 27.55% 23.97%
ConocoPhillips 47.95% 33.87% 47.30% 46.43% 39.37%
Exxon Mobil Corp. 30.90% 30.32% 29.33% 30.96% 31.55%
Occidental Petroleum Corp. 62.79% 52.45% 59.12% 63.15% 55.28%
Valero Energy Corp. 2.75% -1.14% 4.41% 4.78% 4.84%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Gross profit margin = 100 × Gross profit ÷ Revenues
= 100 × 5,837 ÷ 12,206 = 47.82%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Devon Energy Corp. gross profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Operating Profit Margin

Devon Energy Corp., operating profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Operating income (loss) 3,227  (2,820) 141  1,514  1,394 
Revenues 12,206  4,828  6,220  10,734  13,949 
Profitability Ratio
Operating profit margin1 26.44% -58.41% 2.27% 14.10% 9.99%
Benchmarks
Operating Profit Margin, Competitors2
Chevron Corp. 10.40% -6.45% 0.07% 9.09% 1.84%
ConocoPhillips 24.34% -15.25% 19.44% 24.04% -16.00%
Exxon Mobil Corp. 8.68% -16.49% 4.99% 7.92% 5.09%
Marathon Oil Corp. 23.35% -38.10% 12.56% 28.24% -3.04%
Occidental Petroleum Corp. 16.21% -71.20% -0.95% 25.56% 4.40%
Pioneer Natural Resources Co. 18.56% 2.69% 16.09% 23.73% 13.34%
Valero Energy Corp. 1.87% -2.43% 3.54% 3.91% 3.83%
Operating Profit Margin, Sector
Oil, Gas & Consumable Fuels 10.03% -14.50% 4.36% 9.42% 3.02%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × 3,227 ÷ 12,206 = 26.44%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Devon Energy Corp. operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Net Profit Margin

Devon Energy Corp., net profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net earnings (loss) attributable to Devon 2,813  (2,680) (355) 3,064  898 
Revenues 12,206  4,828  6,220  10,734  13,949 
Profitability Ratio
Net profit margin1 23.05% -55.51% -5.71% 28.54% 6.44%
Benchmarks
Net Profit Margin, Competitors2
Chevron Corp. 10.04% -5.87% 2.09% 9.33% 6.83%
ConocoPhillips 17.63% -14.38% 22.07% 17.18% -2.94%
Exxon Mobil Corp. 8.33% -12.57% 5.61% 7.46% 8.31%
Marathon Oil Corp. 16.89% -46.85% 9.48% 18.57% -130.87%
Occidental Petroleum Corp. 8.95% -83.28% -3.27% 23.18% 10.48%
Pioneer Natural Resources Co. 11.85% -2.85% 7.82% 10.43% 15.73%
Valero Energy Corp. 0.82% -2.19% 2.24% 2.67% 4.33%
Net Profit Margin, Sector
Oil, Gas & Consumable Fuels 8.55% -13.16% 4.69% 8.55% 5.54%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Net profit margin = 100 × Net earnings (loss) attributable to Devon ÷ Revenues
= 100 × 2,813 ÷ 12,206 = 23.05%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Devon Energy Corp. net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Return on Equity (ROE)

Devon Energy Corp., ROE calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net earnings (loss) attributable to Devon 2,813  (2,680) (355) 3,064  898 
Stockholders’ equity attributable to Devon 9,262  2,885  5,802  9,186  9,254 
Profitability Ratio
ROE1 30.37% -92.89% -6.12% 33.36% 9.70%
Benchmarks
ROE, Competitors2
Chevron Corp. 11.24% -4.21% 2.03% 9.59% 6.21%
ConocoPhillips 17.79% -9.05% 20.55% 19.59% -2.79%
Exxon Mobil Corp. 13.67% -14.28% 7.48% 10.87% 10.50%
Marathon Oil Corp. 8.85% -13.74% 3.95% 9.04% -48.88%
Occidental Petroleum Corp. 11.42% -79.85% -1.95% 19.37% 6.37%
Pioneer Natural Resources Co. 9.27% -1.73% 6.24% 8.08% 7.39%
Valero Energy Corp. 5.05% -7.56% 11.11% 14.41% 18.48%
ROE, Sector
Oil, Gas & Consumable Fuels 12.86% -13.45% 5.93% 11.94% 6.67%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROE = 100 × Net earnings (loss) attributable to Devon ÷ Stockholders’ equity attributable to Devon
= 100 × 2,813 ÷ 9,262 = 30.37%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Devon Energy Corp. ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Return on Assets (ROA)

Devon Energy Corp., ROA calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net earnings (loss) attributable to Devon 2,813  (2,680) (355) 3,064  898 
Total assets 21,025  9,912  13,717  19,566  30,241 
Profitability Ratio
ROA1 13.38% -27.04% -2.59% 15.66% 2.97%
Benchmarks
ROA, Competitors2
Chevron Corp. 6.52% -2.31% 1.23% 5.84% 3.62%
ConocoPhillips 8.91% -4.31% 10.20% 8.94% -1.17%
Exxon Mobil Corp. 6.80% -6.74% 3.95% 6.02% 5.65%
Marathon Oil Corp. 5.57% -8.08% 2.37% 5.14% -26.00%
Occidental Petroleum Corp. 3.09% -18.52% -0.61% 9.42% 3.12%
Pioneer Natural Resources Co. 5.75% -1.04% 3.96% 5.46% 4.90%
Valero Energy Corp. 1.61% -2.74% 4.50% 6.22% 8.10%
ROA, Sector
Oil, Gas & Consumable Fuels 6.37% -6.30% 3.05% 6.60% 3.52%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROA = 100 × Net earnings (loss) attributable to Devon ÷ Total assets
= 100 × 2,813 ÷ 21,025 = 13.38%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Devon Energy Corp. ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.