• Devon Energy average ebitda margin for 2023 was 51.1%, a 0.72% decline from 2022.
• Devon Energy average ebitda margin for 2022 was 51.47%, a 75.85% decline from 2021.
• Devon Energy average ebitda margin for 2021 was 29.27%, a 264.72% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.