Devon Energy DVN
NYSE DVN
$48.98 +0.58 (+1.20%)
As of: Sep 9, 2026 · 3:59 PM EDT

Devon Energy (DVN) Gross Margin (2009 - 2026)

Devon Energy's (DVN) quarterly Gross Margin came in at 81.22% in Q2 2026, up 220.0% year-over-year from 25.38% in Q2 2025, and up 1.31% quarter-over-quarter from 80.17% in Q1 2026.

Analysis

Devon Energy (DVN) Gross Margin (2009 - 2026) Analysis & Trends

Devon Energy (DVN) has reported Gross Margin for 18 consecutive years, with 81.22% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Gross Margin rose 220.0% year-over-year to 81.22% in Q2 2026; TTM through Jun 2026 was 80.16%, a 18.0% increase from a year earlier, with the FY2025 full-year figure at 79.25%, down 78.0% from the prior year.
  • Gross Margin was 81.22% for Q2 2026 at Devon Energy, up from 80.17% in the prior quarter.
  • Over five years, Gross Margin peaked at 87.42% in Q2 2022 and troughed at 79.01% in Q2 2025.
  • A 5-year average of 81.49% and a median of 80.45% in 2023 frame the typical range for Gross Margin.
  • Across the five-year window, Gross Margin surged 402 bps in 2022 and plunged 779 bps in 2023, its largest moves.
  • Over 5 years, Gross Margin stood at 83.57% in 2022, then declined by 3 bps to 80.73% in 2023, then fell by 1 bps to 79.99% in 2024, then declined by 1 bps to 79.11% in 2025, then gained by 3 bps to 81.22% in 2026.
  • The last three Gross Margin figures came in at 81.22% (Q2 2026), 80.17% (Q1 2026), and 79.11% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Conocophillips 166.07 Bn 158.38 Bn 12.81 Bn 65.62%
2 Canadian Natural Resources 107.37 Bn 105.48 Bn 8.84 Bn 82.99%
3 Eog Resources 77.26 Bn 72.36 Bn - -
4 Diamondback Energy 56.93 Bn 56.47 Bn 5.55 Bn 99.84%
5 Devon Energy 45.90 Bn 44.89 Bn 6.02 Bn 81.22%
6 Expand Energy 23.03 Bn 21.76 Bn 2.33 Bn 78.58%
7 Permian Resources 19.81 Bn 19.55 Bn - -
8 Ovintiv 18.04 Bn 17.15 Bn 2.83 Bn 93.93%
9 Apa 15.80 Bn 15.36 Bn 2.28 Bn 94.91%
10 Antero Resources 12.13 Bn 11.56 Bn 1.56 Bn 100.00%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 81.22%
Mar 31, 2026 80.17%
Dec 31, 2025 79.11%
Sep 30, 2025 79.34%
Jun 30, 2025 79.01%
Mar 31, 2025 79.96%
Dec 31, 2024 79.99%
Sep 30, 2024 81.04%
Jun 30, 2024 79.88%
Mar 31, 2024 79.93%
Dec 31, 2023 80.73%
Sep 30, 2023 81.22%
Jun 30, 2023 79.63%
Mar 31, 2023 81.87%
Dec 31, 2022 83.57%
Sep 30, 2022 86.47%
Jun 30, 2022 87.42%
Mar 31, 2022 86.25%
Dec 31, 2021 85.77%
Sep 30, 2021 85.40%