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
DateValue
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%