Devon Energy (DVN) Gross Margin (2009 - 2026)
Devon Energy (DVN) reported Gross Margin of 80.17% for Q1 2026, up 21.0% year-over-year from 66.26% in Q1 2025, and up 1.34% quarter-over-quarter from 79.11% 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.
- Gross Margin for Q1 2026 came in at 80.17%, up 21.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 79.32% (up 530.0% YoY), and the FY2025 annual result was 79.25%, down 78.0% from the prior year.
- Gross Margin climbed to 80.17% in Q1 2026 per DVN's latest filing, from 79.11% in the prior quarter.
- Over five years, Gross Margin peaked at 87.04% in Q2 2022 and troughed at 2625.0% in Q3 2024.
- A 5-year average of 77.86% and a median of 79.99% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin tumbled 270622 bps in 2024, then surged 270395 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 83.57% in 2022, then fell by 3 bps to 80.73% in 2023, then retreated by 1 bps to 79.99% in 2024, then fell by 1 bps to 79.11% in 2025, then climbed by 1 bps to 80.17% in 2026.
- Business Quant data shows DVN's Gross Margin at 80.17% in Q1 2026, 79.11% 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 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 85.25% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 60.14% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | - |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 93.19% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 99.43% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 54.61% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 88.15% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 98.87% |
| 10 | Devon Energy | 27.08 Bn | 27.08 Bn | 3.61 Bn | 80.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 80.17% |
| Dec 31, 2025 | 79.11% |
| Sep 30, 2025 | 78.95% |
| Jun 30, 2025 | 79.01% |
| Mar 31, 2025 | 79.96% |
| Dec 31, 2024 | 79.99% |
| Sep 30, 2024 | -2,625.00% |
| Jun 30, 2024 | 79.76% |
| Mar 31, 2024 | 79.12% |
| Dec 31, 2023 | 80.73% |
| Sep 30, 2023 | 81.22% |
| Jun 30, 2023 | 79.18% |
| Mar 31, 2023 | 81.56% |
| Dec 31, 2022 | 83.57% |
| Sep 30, 2022 | 85.82% |
| Jun 30, 2022 | 87.04% |
| Mar 31, 2022 | 86.25% |
| Dec 31, 2021 | 85.77% |
| Sep 30, 2021 | 83.99% |
| Jun 30, 2021 | 78.78% |