Devon Energy (DVN) Gross Margin (2009 - 2026)
Devon Energy (DVN) posted quarterly Gross Margin of 80.17% for Q1 2026, up 21.0% year-over-year from 66.26% in Q1 2025, and up 2.61% quarter-over-quarter from 78.13% in Q4 2025.
Devon Energy (DVN) Gross Margin (2009 - 2026) Analysis & Trends
Devon Energy (DVN) has reported Gross Margin for 18 consecutive years, with 80.17% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 21.0% year-over-year to 80.17%; the TTM figure through Mar 2026 stood at 79.1% (down 118.0% YoY), while the FY2025 annual figure was 78.75%, down 125.0% from the prior year.
- Gross Margin grew to 80.17% in Q1 2026 per DVN's latest filing, from 78.13% in the prior quarter.
- Across five years, Gross Margin topped out at 87.42% in Q2 2022 and bottomed at 78.13% in Q4 2025.
- Historically, Gross Margin has averaged 81.45% across 5 years, with a median of 80.37% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin soared 402 bps — and 2023, when it tumbled 779 bps.
- Devon Energy's Gross Margin stood at 83.57% in 2022, then slipped by 3 bps to 81.15% in 2023, then decreased by 1 bps to 80.37% in 2024, then dropped by 3 bps to 78.13% in 2025, then climbed by 3 bps to 80.17% in 2026.
- Business Quant data shows DVN's Gross Margin at 80.17% in Q1 2026, 78.13% in Q4 2025, and 78.95% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 85.63% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | - |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 99.84% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 81.22% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 91.41% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 95.88% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 78.73% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 78.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 81.22% |
| 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% |