Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
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
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
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
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)
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)
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. |