Devon Gross Profit from 2010 to 2024

DVN Stock

USD 50.53 0.19 0.38%

Devon Energy Gross Profit yearly trend continues to be very stable with very little volatility. Gross Profit is likely to drop to about 3.9 B. Gross Profit is the profit Devon Energy makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

1987-03-31

Previous Quarter

1.3 B

Current Value

1.3 B

Quarterly Volatility

917.2 M

Black Monday

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check Devon Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Devon main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.6 B, Interest Expense of 274.9 M or Total Revenue of 15.9 B, as well as many exotic indicators such as Price To Sales Ratio of 2.9, Dividend Yield of 0.0674 or PTB Ratio of 1.46. Devon financial statements analysis is a perfect complement when working with Devon Energy Valuation or Volatility modules.

This module can also supplement Devon Energy's financial leverage analysis and stock options assessment as well as various Devon Energy Technical models . Check out the analysis of Devon Energy Correlation against competitors.

To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.

Latest Devon Energy's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Devon Energy over the last few years. Gross profit is a required income statement account that reflects total revenue of Devon Energy minus its cost of goods sold. It is profit before Devon Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Devon Energy's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Devon Energy's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 11.33 B

10 Years Trend

Very volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

Devon Gross Profit Regression Statistics

	Arithmetic Mean	4,292,514,010
	Geometric Mean	2,390,547,881
	Coefficient Of Variation	65.27
	Mean Deviation	2,309,786,924
	Median	3,946,610,146
	Standard Deviation	2,801,859,087
	Sample Variance	7850414.3T
	Range	8.9B
	R-Value	(0.02)
	Mean Square Error	8452209.6T
	R-Squared	0.0002
	Significance	0.96
	Slope	(9,833,675)
	Total Sum of Squares	109905800.8T

Devon Gross Profit History

	2024	3.9 B
	2023	5.2 B
	2022	8.4 B
	2021	3.7 B
	2020	392 M
	2019	714 M
	2018	6.9 B

Other Fundumenentals of Devon Energy

Gross Profit Margin

Devon Energy Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Accounts Payable	Intangible Assets	Common Stock	Long Term Debt	Good Will	Property Plant Equipment	Treasury Stock	Current Deferred Revenue	Short Term Debt	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Short Long Term Debt	Long Term Investments	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.93	0.72	0.82	0.78	0.98	0.87	0.6	0.58	0.25	0.65	0.88	0.96	0.68	0.52	0.37	0.26	0.63	0.54	-0.22	0.78	0.33	0.01	-0.16	0.05	0.55	-0.03	-0.04
Total Stockholder Equity	0.93		0.43	0.95	0.66	0.86	0.91	0.65	0.71	0.19	0.34	0.76	0.9	0.54	0.41	0.24	0.41	0.84	0.22	-0.3	0.87	0.48	-0.18	-0.05	-0.07	0.46	-0.09	0.05
Net Debt	0.72	0.43		0.25	0.72	0.8	0.4	0.38	0.02	0.38	0.95	0.66	0.69	0.66	0.58	0.35	-0.12	0.01	0.89	0.11	0.28	-0.15	0.26	-0.1	0.07	0.52	-0.07	0.0
Retained Earnings	0.82	0.95	0.25		0.46	0.73	0.85	0.59	0.71	-0.07	0.14	0.73	0.81	0.34	0.3	0.16	0.5	0.88	0.07	-0.48	0.94	0.66	-0.28	-0.15	-0.15	0.37	-0.02	-0.09
Net Receivables	0.78	0.66	0.72	0.46		0.77	0.51	0.46	0.1	0.65	0.61	0.48	0.79	0.69	0.63	0.15	-0.21	0.37	0.48	0.17	0.42	-0.09	0.04	0.24	-0.02	0.36	-0.23	0.33
Total Liab	0.98	0.86	0.8	0.73	0.77		0.84	0.56	0.55	0.29	0.75	0.89	0.92	0.74	0.49	0.42	0.2	0.5	0.64	-0.2	0.69	0.22	0.08	-0.19	0.08	0.54	0.0	-0.07
Total Current Assets	0.87	0.91	0.4	0.85	0.51	0.84		0.44	0.85	0.14	0.37	0.81	0.74	0.65	0.13	0.34	0.49	0.65	0.24	-0.47	0.72	0.36	-0.09	-0.3	0.14	0.3	0.2	-0.2
Accounts Payable	0.6	0.65	0.38	0.59	0.46	0.56	0.44		0.34	0.33	0.33	0.35	0.73	0.44	0.75	0.09	0.15	0.46	0.1	0.03	0.5	0.19	-0.12	0.41	-0.41	0.39	-0.66	0.37
Intangible Assets	0.58	0.71	0.02	0.71	0.1	0.55	0.85	0.34		-0.04	0.05	0.61	0.44	0.35	-0.07	0.4	0.65	0.61	-0.03	-0.43	0.59	0.47	-0.06	-0.24	0.03	0.25	0.12	-0.17
Common Stock	0.25	0.19	0.38	-0.07	0.65	0.29	0.14	0.33	-0.04		0.35	-0.12	0.26	0.63	0.38	0.02	-0.38	-0.07	0.12	0.49	-0.25	-0.62	0.11	0.67	-0.12	0.02	-0.44	0.68
Long Term Debt	0.65	0.34	0.95	0.14	0.61	0.75	0.37	0.33	0.05	0.35		0.62	0.62	0.67	0.5	0.38	-0.14	-0.1	0.91	0.12	0.18	-0.23	0.31	-0.19	0.24	0.48	-0.04	-0.05
Good Will	0.88	0.76	0.66	0.73	0.48	0.89	0.81	0.35	0.61	-0.12	0.62		0.77	0.48	0.27	0.55	0.42	0.48	0.63	-0.39	0.77	0.5	0.16	-0.5	0.13	0.56	0.22	-0.37
Property Plant Equipment	0.96	0.9	0.69	0.81	0.79	0.92	0.74	0.73	0.44	0.26	0.62	0.77		0.56	0.68	0.26	0.19	0.68	0.51	-0.08	0.8	0.36	-0.06	0.0	-0.05	0.63	-0.24	0.12
Treasury Stock	0.68	0.54	0.66	0.34	0.69	0.74	0.65	0.44	0.35	0.63	0.67	0.48	0.56		0.33	0.27	-0.15	0.02	0.36	-0.22	0.16	-0.4	0.13	0.0	0.08	-0.01	0.02	-0.01
Current Deferred Revenue	0.52	0.41	0.58	0.3	0.63	0.49	0.13	0.75	-0.07	0.38	0.5	0.27	0.68	0.33		0.19	-0.15	0.25	0.39	0.34	0.38	0.04	0.16	0.39	-0.39	0.51	-0.68	0.39
Short Term Debt	0.37	0.24	0.35	0.16	0.15	0.42	0.34	0.09	0.4	0.02	0.38	0.55	0.26	0.27	0.19		0.19	0.01	0.39	0.03	0.24	0.16	0.87	-0.3	0.0	0.4	0.1	-0.22
Short Term Investments	0.26	0.41	-0.12	0.5	-0.21	0.2	0.49	0.15	0.65	-0.38	-0.14	0.42	0.19	-0.15	-0.15	0.19		0.54	-0.04	-0.28	0.5	0.69	-0.1	-0.28	0.02	0.31	0.12	-0.2
Net Tangible Assets	0.63	0.84	0.01	0.88	0.37	0.5	0.65	0.46	0.61	-0.07	-0.1	0.48	0.68	0.02	0.25	0.01	0.54		-0.07	-0.19	0.86	0.74	-0.36	0.02	-0.1	0.48	-0.11	0.14
Long Term Debt Total	0.54	0.22	0.89	0.07	0.48	0.64	0.24	0.1	-0.03	0.12	0.91	0.63	0.51	0.36	0.39	0.39	-0.04	-0.07		0.22	0.2	-0.02	0.34	-0.31	0.31	0.65	0.07	-0.13
Capital Surpluse	-0.22	-0.3	0.11	-0.48	0.17	-0.2	-0.47	0.03	-0.43	0.49	0.12	-0.39	-0.08	-0.22	0.34	0.03	-0.28	-0.19	0.22		-0.4	-0.26	0.28	0.62	-0.04	0.42	-0.57	0.71
Deferred Long Term Liab	0.78	0.87	0.28	0.94	0.42	0.69	0.72	0.5	0.59	-0.25	0.18	0.77	0.8	0.16	0.38	0.24	0.5	0.86	0.2	-0.4		0.79	-0.16	-0.27	-0.07	0.51	0.0	-0.16
Accumulated Depreciation	0.33	0.48	-0.15	0.66	-0.09	0.22	0.36	0.19	0.47	-0.62	-0.23	0.5	0.36	-0.4	0.04	0.16	0.69	0.74	-0.02	-0.26	0.79		-0.17	-0.3	-0.07	0.49	0.04	-0.22
Short Long Term Debt	0.01	-0.18	0.26	-0.28	0.04	0.08	-0.09	-0.12	-0.06	0.11	0.31	0.16	-0.06	0.13	0.16	0.87	-0.1	-0.36	0.34	0.28	-0.16	-0.17		-0.14	-0.01	0.2	0.05	-0.11
Long Term Investments	-0.16	-0.05	-0.1	-0.15	0.24	-0.19	-0.3	0.41	-0.24	0.67	-0.19	-0.5	0.0	0.0	0.39	-0.3	-0.28	0.02	-0.31	0.62	-0.27	-0.3	-0.14		-0.53	-0.01	-0.83	0.92
Cash And Equivalents	0.05	-0.07	0.07	-0.15	-0.02	0.08	0.14	-0.41	0.03	-0.12	0.24	0.13	-0.05	0.08	-0.39	0.0	0.02	-0.1	0.31	-0.04	-0.07	-0.07	-0.01	-0.53		0.02	0.58	-0.36
Net Invested Capital	0.55	0.46	0.52	0.37	0.36	0.54	0.3	0.39	0.25	0.02	0.48	0.56	0.63	-0.01	0.51	0.4	0.31	0.48	0.65	0.42	0.51	0.49	0.2	-0.01	0.02		-0.27	0.21
Net Working Capital	-0.03	-0.09	-0.07	-0.02	-0.23	0.0	0.2	-0.66	0.12	-0.44	-0.04	0.22	-0.24	0.02	-0.68	0.1	0.12	-0.11	0.07	-0.57	0.0	0.04	0.05	-0.83	0.58	-0.27		-0.79
Capital Stock	-0.04	0.05	0.0	-0.09	0.33	-0.07	-0.2	0.37	-0.17	0.68	-0.05	-0.37	0.12	-0.01	0.39	-0.22	-0.2	0.14	-0.13	0.71	-0.16	-0.22	-0.11	0.92	-0.36	0.21	-0.79

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About Devon Energy Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Devon Energy income statement, its balance sheet, and the statement of cash flows. Devon Energy investors use historical funamental indicators, such as Devon Energy's Gross Profit, to determine how well the company is positioned to perform in the future. Although Devon Energy investors may use each financial statement separately, they are all related. The changes in Devon Energy's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Devon Energy's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Devon Energy Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Devon Energy. Please read more on our technical analysis and fundamental analysis pages.

	Last Reported	Projected for Next Year
Gross Profit	5.2 B	3.9 B
Gross Profit Margin	0.34	0.66

Pair Trading with Devon Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Devon Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Devon Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Devon Stock

0.9	AR	Antero Resources Corp	Pair Corr
0.93	PR	Permian Resources Earnings Call This Week	Pair Corr
0.93	SD	SandRidge Energy	Pair Corr
0.94	SM	SM Energy	Pair Corr

Moving against Devon Stock

0.7

Empire Petroleum Corp

Pair Corr

The ability to find closely correlated positions to Devon Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Devon Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Devon Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Devon Energy to buy it.

The correlation of Devon Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Devon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Devon Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Devon Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Devon Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Devon Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Devon Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Devon Energy Stock:

How To Invest In Devon

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Is Devon Stock a good investment?

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What is Devon Energy's Net Worth?

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Largest Oil & Gas Exploration & Production Companies

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Check out the analysis of Devon Energy Correlation against competitors.

To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.

You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

Complementary Tools for Devon Stock analysis

When running Devon Energy's price analysis, check to measure Devon Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Devon Energy is operating at the current time. Most of Devon Energy's value examination focuses on studying past and present price action to predict the probability of Devon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devon Energy's price. Additionally, you may evaluate how the addition of Devon Energy to your portfolios can decrease your overall portfolio volatility.

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Is Devon Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Devon Energy. If investors know Devon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Devon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.39)

Dividend Share

1.98

Earnings Share

5.25

Revenue Per Share

22.362

Quarterly Revenue Growth

0.003

The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Devon Gross Profit from 2010 to 2024

Latest Devon Energy's Gross Profit Growth Pattern

Devon Gross Profit Regression Statistics

Devon Gross Profit History

Other Fundumenentals of Devon Energy

Devon Energy Gross Profit component correlations

About Devon Energy Financial Statements

Pair Trading with Devon Energy

Moving together with Devon Stock

Moving against Devon Stock

Complementary Tools for Devon Stock analysis

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