Devon Energy (DVN) Gross Margin (2009 - 2026)
Devon Energy's (DVN) quarterly Gross Margin came in at 80.17% in Q1 2026, up 21.0% year-on-year from 66.26% in Q1 2025, and up 2.61% on a QoQ basis from 78.13% in Q4 2025.
Devon Energy (DVN) Gross Margin (2009 - 2026) Analysis & Trends
Devon Energy (DVN) has 18 years of Gross Margin data on file, last reported at 80.17% in Q1 2026.
- On a quarterly basis, Gross Margin rose 21.0% year-over-year to 80.17% in Q1 2026; TTM through Mar 2026 was 79.1%, a 118.0% decrease from a year earlier, with the FY2025 full-year figure at 78.75%, down 125.0% from the prior year.
- Gross Margin for Q1 2026 stood at 80.17%, up from 78.13% in the prior quarter.
- Over the last five years, Gross Margin for DVN reached as high as 87.42% in Q2 2022 and fell as low as 78.13% in Q4 2025.
- Historically, Gross Margin has averaged 81.45% across 5 years, with a median of 80.37% in 2024.
- Across the five-year window, Gross Margin jumped 402 bps in 2022 and sank 779 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 83.57% in 2022, then declined by 3 bps to 81.15% in 2023, then dropped by 1 bps to 80.37% in 2024, then fell by 3 bps to 78.13% in 2025, then increased by 3 bps to 80.17% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 80.17% in Q1 2026, 78.13% in Q4 2025, and 78.95% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 60.14% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | - |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 99.43% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 89.26% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 93.19% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 78.73% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 80.17% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 95.79% |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 93.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 80.17% |
| Dec 31, 2025 | 78.13% |
| Sep 30, 2025 | 78.95% |
| Jun 30, 2025 | 79.01% |
| Mar 31, 2025 | 79.96% |
| Dec 31, 2024 | 80.37% |
| Sep 30, 2024 | 81.04% |
| Jun 30, 2024 | 79.76% |
| Mar 31, 2024 | 79.93% |
| Dec 31, 2023 | 81.15% |
| Sep 30, 2023 | 81.22% |
| Jun 30, 2023 | 79.63% |
| Mar 31, 2023 | 81.56% |
| Dec 31, 2022 | 83.57% |
| Sep 30, 2022 | 86.47% |
| Jun 30, 2022 | 87.42% |
| Mar 31, 2022 | 86.25% |
| Dec 31, 2021 | 89.60% |
| Sep 30, 2021 | 85.40% |
| Jun 30, 2021 | 83.56% |