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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |