Devon EnergyMEX:DVN 80 FCF Margin % is 16.44% as of Mar. 2026, which is 48% above its 10-year median of 11.13. GuruFocus rates MEX:DVN with a GF Score™ of 80/100 and a GF Value™ of MXN869.47 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 906 Oil & Gas companies, Devon Energy ranks better than 76.38% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Devon Energy's Free Cash Flow for the
three
months ended in Mar. 2026 was MXN11,288 Mil. Devon Energy's Revenue for the
three
months ended in Mar. 2026 was MXN68,650 Mil. Therefore, Devon Energy's FCF Margin % for the quarter that ended in Mar. 2026 was 16.44%.
The historical rank and industry rank for Devon Energy's FCF Margin % or its related term are showing as below:
MEX:DVN'
s FCF Margin % Range Over the Past 10 Years
Min: -7.11 Med: 11.13 Max: 23.69
Current: 14.62
During the past 13 years, the highest FCF Margin % of Devon Energy was 23.69%. The lowest was -7.11%. And the median was 11.13%.
MEX:DVN's FCF Margin % is ranked better than 76.38% of 906
companies
in the Oil & Gas industry
Industry Median: 3.285
vs MEX:DVN: 14.62
Devon Energy FCF Margin % Related Terms
Devon Energy FCF Margin % Historical Data
* Premium members only.
The historical data trend for Devon Energy's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:DVN vs FANG, OXY, EQT: FCF Margin % Comparison
For the Oil & Gas E&P subindustry, Devon Energy's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Devon Energy FCF Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Devon Energy's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Devon Energy (MEX:DVN) has a FCF Margin % of 16.44% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Devon Energy and its competitors. This is 48% above median its historical median of 11.13. According to the industry distribution chart, Devon Energy ranks #214 out of 906 companies in the Oil & Gas industry, placing it in the top 23.6%.
Is Devon Energy's FCF Margin % too high?
Devon Energy's current FCF Margin % of 16.44% is 48% above median its 10-year median of 11.13. The Oil & Gas industry median FCF Margin % is 3.29. Devon Energy's value of 16.44% is 400.5% above this industry median. Based on the distribution chart, Devon Energy ranks #214 out of 906 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Devon Energy has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Devon Energy's FCF Margin % compare to FANG and OXY?
According to the Oil & Gas industry distribution chart, Devon Energy ranks #214 out of 906 companies for FCF Margin %. This places Devon Energy in the top 24% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 3.29. Devon Energy's value of 16.44% is 400.5% above this benchmark. While the company's 10-year median is 11.13 vs. the industry median of 3.29, Devon Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Oil & Gas company?
The median FCF Margin % among Oil & Gas companies is 3.29, based on 906 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Devon Energy's current FCF Margin % of 16.44% is 400.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Devon Energy and its competitors. For the Oil & Gas industry, the median FCF Margin % is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devon Energy's current FCF Margin % is 16.44%, which is 48% above median its own 10-year median of 11.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Devon Energy stock overvalued right now?
Based on GuruFocus' analysis, Devon Energy (MEX:DVN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN869.47, compared to a current price of MXN737.10 — trading 15.2% below its estimated fair value. The current FCF Margin % is 16.44%, which is 48% above median its 10-year median of 11.13 and 400.5% above the Oil & Gas industry median of 3.29. Devon Energy's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Devon Energy (MEX:DVN), the current FCF Margin % is 16.44% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Devon Energy (MEX:DVN) Overvalued in 2026?
Based on GuruFocus' analysis, Devon Energy stock appears to be undervalued.
The current stock price of MXN737.10 is trading 15.2% below its estimated GF Value™ of MXN869.47.
GuruFocus considers Devon Energy to be Modestly Undervalued.
Key valuation signals for MEX:DVN:
FCF Margin %: 16.44% (48% above median its 10-year median of 11.13)
GF Value™: MXN869.47 vs. price of MXN737.10 (15.2% below fair value)
Industry Position: 400.5% above the Oil & Gas median (#214 of 906)
No single metric tells the full story. See the MEX:DVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two-thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. After the merger with Coterra, it will have a foothold in the gas-driven Appalachian Basin as well. At the end of 2025, Devon reported net proved reserves of 2.4 billion barrels of oil equivalent, up from 2.2 billion in 2024. Net production averaged roughly 840,000 barrels of oil equivalent per day in 2025 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
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