Devon Energy Corporation
DVN Energy Oil & Gas E&P
Devon Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $17.2 billion, up 7.83% from fiscal 2024. In the quarter to June 2026, revenue grew 73.1%, EPS grew 43.7%, free cash flow fell 130.2% and total debt rose 28.3%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.
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Devon Energy Corporation (DVN) Gross margin
Devon Energy Corporation's gross margin over the twelve months to 30 June 2026 was 79.5%, up 0.2 percentage points from fiscal 2025 (79.3%). Over the past ten years it has ranged from 73.3% (fiscal 2016) to 100.0% (fiscal 2015); the current reading is higher than 27% of that period. That is in line with the Oil & Gas E&P industry median of 80.4% and above the Energy sector median of 49.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 79.3% | (0.78) |
| FY2024 | 80.0% | (0.78) |
| FY2023 | 80.8% | (4.60) |
| FY2022 | 85.4% | 2.87 |
| FY2021 | 82.5% | 5.80 |
| FY2020 | 76.7% | (4.02) |
| FY2019 | 80.8% | (6.28) |
| FY2018 | 87.0% | (0.79) |
| FY2017 | 87.8% | 14.56 |
| FY2016 | 73.3% | (26.73) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 81.2% | 4.70 |
| Mar 2026 | 76.5% | (2.59) |
| Dec 2025 | 79.1% | (0.23) |
| Sep 2025 | 79.3% | 0.33 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| TPL Texas Pacific Land Corporation compare | 100.0% |
| EOG EOG Resources, Inc. compare | 100.0% |
| FANG Diamondback Energy, Inc. compare | 84.8% |
| EXE Expand Energy Corporation compare | 80.7% |
| DVN Devon Energy Corporation | 79.5% |
| EQT EQT Corporation compare | 79.3% |
| PR Permian Resources Corporation compare | 75.9% |
| OXY Occidental Petroleum Corporation compare | 73.3% |
| WDS Woodside Energy Group Ltd compare | 52.0% |
| Oil & Gas E&P industry median | 80.4% |
| Energy sector median | 49.5% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement