Devon Energy (DVN) Gross Margin (2017 - 2026)
Devon Energy's Gross Margin was 74.73% in Q2 2026, up 6.41 percentage points from 68.32% a year earlier and up 9.05 percentage points from the prior quarter.
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Analysis
Devon Energy (DVN) Gross Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Devon Energy's Gross Margin was 69.26% through Jun 30, 2026, up 0.22 percentage points year-over-year; for FY2025, it was 67.22%, down 2.72 percentage points from FY2024.
- Gross Margin shows a five-year change of +8.91 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 69.94% in FY2024 (-1.17 pp), 71.10% in FY2023 (+0.26 pp), 70.85% in FY2022 (+1.67 pp) and 69.18% in FY2021 (+10.87 pp).
- The Q2 2026 figure marks the highest quarterly Gross Margin in data going back to Q3 2017.
- Compared with a year earlier, Gross Margin was higher in two of the last eight quarters, with an average year-over-year change of -1.47 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2021 (a gain of 18.50 percentage points); the worst was Q3 2025 (a drop of 5.00 percentage points).
- Per Business Quant data, DVN's Gross Margin in the three quarters before Q2 2026 was 65.68% (Q1 2026), 66.29% (Q4 2025) and 66.45% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 740.68 Bn | 697.16 Bn | - | - |
| 2 | Chevron | 445.94 Bn | 418.06 Bn | 33.45 Bn | 47.75% |
| 3 | Shell | 311.51 Bn | 241.25 Bn | 30.13 Bn | 31.83% |
| 4 | TotalEnergies SE | 198.83 Bn | 79.41 Bn | 61.77 Bn | 100.00% |
| 5 | Conocophillips | 177.37 Bn | 150.08 Bn | 12.81 Bn | 65.62% |
| 6 | Equinor Asa | 120.32 Bn | 34.77 Bn | - | - |
| 7 | Phillips 66 | 113.33 Bn | 101.12 Bn | 8.38 Bn | 16.10% |
| 8 | Canadian Natural Resources | 113.26 Bn | 110.26 Bn | 8.84 Bn | 82.99% |
| 9 | Suncor Energy | 94.80 Bn | 80.55 Bn | - | - |
| 10 | Devon Energy | 46.27 Bn | 46.27 Bn | 5.54 Bn | 74.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 74.73% |
| Mar 31, 2026 | 65.68% |
| Dec 31, 2025 | 66.29% |
| Sep 30, 2025 | 66.45% |
| Jun 30, 2025 | 68.32% |
| Mar 31, 2025 | 68.44% |
| Dec 31, 2024 | 68.16% |
| Sep 30, 2024 | 71.45% |
| Jun 30, 2024 | 71.71% |
| Mar 31, 2024 | 69.71% |
| Dec 31, 2023 | 72.25% |
| Sep 30, 2023 | 71.22% |
| Jun 30, 2023 | 70.23% |
| Mar 31, 2023 | 71.10% |
| Dec 31, 2022 | 71.71% |
| Sep 30, 2022 | 71.93% |
| Jun 30, 2022 | 70.67% |
| Mar 31, 2022 | 70.55% |
| Dec 31, 2021 | 70.22% |
| Sep 30, 2021 | 69.35% |
API Access
Devon Energy Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=DVN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "DVN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=DVN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();