Devon Energy (MEX:DVN) COGS-to-Revenue : 0.73 (As of Mar. 2025)

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What is Devon Energy COGS-to-Revenue?

Devon Energy's Cost of Goods Sold for the three months ended in Mar. 2025 was MXN66,694 Mil. Its Revenue for the three months ended in Mar. 2025 was MXN91,080 Mil.

Devon Energy's COGS to Revenue for the three months ended in Mar. 2025 was 0.73.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Devon Energy's Gross Margin % for the three months ended in Mar. 2025 was 26.77%.

Devon Energy COGS-to-Revenue Historical Data

The historical data trend for Devon Energy's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Devon Energy COGS-to-Revenue Chart

Devon Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.92

0.70

0.56

0.65

0.70

Devon Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.72	0.68	0.67	0.74	0.73

Devon Energy COGS-to-Revenue Calculation

Devon Energy's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	234209.511	/	332439.858
	=	0.70

Devon Energy's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	66693.732	/	91079.906
	=	0.73

Devon Energy (MEX:DVN) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Devon Energy's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	66693.732 / 91079.906
	=	26.77 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Devon Energy COGS-to-Revenue Related Terms

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Devon Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Devon Energy Corp (MEX:DVN) » Definitions » COGS-to-Revenue

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Address

333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015

Website

https://www.devonenergy.com

Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.