Thermodynamic modeling of metal oxide reduction is crucial for optimizing chemical processes and materials in systems dependent on off-stoichiometric reduction/re-oxidation cycling. Two prevalent methods for extracting reduction thermodynamics from thermogravimetric data are linearized van ‘t Hoff (VH) analysis and the compound energy formalism (CEF). This work evaluates the accuracy of these methods by constructing invertible ground truth thermodynamic models, generating hypothetical thermogravimetric data, and determining the reduction thermodynamic using both VH and CEF methods. Our findings reveal that the VH method produces absolute errors 3–5 times higher than the CEF in kJ/mol O or J/mol O K for enthalpy and entropy of reduction, respectively. In contrast, the CrossFit CEF (CF-CEF) method yields errors often less than 10 kJ/mol O or J/mol O K. Moreover, the CF-CEF method provides models based on mole fraction, temperature, and extent of reduction, while a typical VH analysis provides thermodynamics of only the specific compositions measured. Although simple to implement, the VH method suffers from significant, non-systematic errors due to entropy/enthalpy compensation and defect modeling. Consequently, we recommend the more complex but robust, CF-CEF method for extracting redox thermodynamics from thermogravimetric measurements.