Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Devon Energy's Pre-Tax Income for the
three
months ended in Dec. 2023 was $1,430 Mil. Devon Energy's Revenue for the
three
months ended in Dec. 2023 was $4,145 Mil. Therefore, Devon Energy's pretax margin for the quarter that ended in Dec. 2023 was 34.50%.
The historical rank and industry rank for Devon Energy's Pretax Margin % or its related term are showing as below:
DVN'
s Pretax Margin % Range Over the Past 10 Years
Min: -151.07 Med: 5.62 Max: 40.56
Current: 30.3
DVN's Pretax Margin % is ranked better than 80.78% of 978
companies
in the Oil & Gas industry
Industry Median: 6.42
vs DVN: 30.30
Devon Energy Pretax Margin % Historical Data
The historical data trend for Devon Energy's Pretax 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.
Competitive Comparison of Devon Energy's Pretax Margin %
For the Oil & Gas E&P subindustry, Devon Energy's Pretax Margin %, along with its competitors' market caps and Pretax 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's Pretax Margin % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Devon Energy's Pretax Margin % falls into.
Devon Energy Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Devon Energy's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (NYSE:DVN) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Devon Energy Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Devon Energy's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2022, Devon's proved reserves totaled 1.8 billion barrels of oil equivalent, and net production that year was 611 thousand boe/d, of which oil and natural gas liquids made up 73% of production, with natural gas accounting for the remainder.
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