Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 77.31% is 60% above its 5-year average of 48.25%, near the high end of its 5-year range (36.32%–77.31%).
As of the fiscal period ended Tuesday, March 31, 2026. 68.23% above its 12-month average of 45.95%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
77.31%
GROSS MARGIN AVG TTM
45.95%
GROSS MARGIN AVG 3Y
44.51%
GROSS MARGIN AVG 5Y
46.80%
GROSS MARGIN AVG 10Y
39.76%
GROSS MARGIN AVG 15Y
39.93%
GROSS MARGIN AVG 20Y
52.15%
CURRENT VS TTM AVG
+68.23%
CURRENT VS 3Y AVG
+73.71%
CURRENT VS 5Y AVG
+65.20%
CURRENT VS 10Y AVG
+94.46%
CURRENT VS 15Y AVG
+93.61%
CURRENT VS 20Y AVG
+48.24%
SECTOR MEDIAN · ENERGY
27.21%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+184.12%
vs the sector median at left
Market Cap
$10.10B
Gross Margin
62.92%
TTM Avg
64.44%
3Y Avg
63.13%
5Y Avg
63.71%
Market Cap
$6.22B
Gross Margin
21.70%
TTM Avg
28.16%
3Y Avg
30.12%
5Y Avg
28.30%
Market Cap
$5.53B
Gross Margin
46.95%
TTM Avg
46.97%
3Y Avg
45.48%
5Y Avg
44.46%
Market Cap
$21.49B
Gross Margin
46.51%
TTM Avg
36.77%
3Y Avg
52.41%
5Y Avg
42.45%
Market Cap
$4.62B
Gross Margin
37.83%
TTM Avg
40.13%
3Y Avg
45.19%
5Y Avg
42.41%
Market Cap
$3.71B
Gross Margin
11.29%
TTM Avg
20.61%
3Y Avg
19.84%
5Y Avg
12.13%
Market Cap
$3.63B
Gross Margin
20.29%
TTM Avg
25.71%
3Y Avg
31.64%
5Y Avg
34.07%
Market Cap
$23.50B
Gross Margin
85.46%
TTM Avg
87.68%
3Y Avg
90.69%
5Y Avg
90.91%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| APA Corporation (APA) | $13.30B | 77.31% | 45.95% | 44.51% | 46.80% |
| Antero Midstream Corporation (AM)vs › | $10.10B | 62.92% | 64.44% | 63.13% | 63.71% |
| Weatherford International plc (WFRD)vs › | $6.22B | 21.70% | 28.16% | 30.12% | 28.30% |
| Enphase Energy, Inc. (ENPH)vs › | $5.53B | 46.95% | 46.97% | 45.48% | 44.46% |
| Expand Energy Corporation (EXE)vs › | $21.49B | 46.51% | 36.77% | 52.41% | 42.45% |
| California Resources Corp (CRC)vs › | $4.62B | 37.83% | 40.13% | 45.19% | 42.41% |
| Helmerich & Payne, Inc. (HP)vs › | $3.71B | 11.29% | 20.61% | 19.84% | 12.13% |
| Centrus Energy Corp. (LEU)vs › | $3.63B | 20.29% | 25.71% | 31.64% | 34.07% |
| Texas Pacific Land Corporation (TPL)vs › | $23.50B | 85.46% | 87.68% | 90.69% | 90.91% |
| SolarEdge Technologies, Inc. (SEDG)vs › | $1.93B | 22.16% | -40.99% | -7.79% | 5.41% |
Gross Margin
77.3%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-03-31 | 77.31% |
| 2025-12-31 | 39.23% |
| 2025-09-30 | 38.68% |
| 2025-06-30 | 36.32% |
| 2025-03-31 | 38.24% |
| 2024-12-31 | 40.52% |
| 2024-09-30 | 43.58% |
| 2024-06-30 | 45.77% |
| 2024-03-31 | 47.98% |
| 2023-12-31 | 51.27% |
| 2023-09-30 | 51.82% |
| 2023-06-30 | 47.83% |
| 2023-03-31 | 52.84% |
| 2022-12-31 | 53.56% |
| 2022-09-30 | 53.38% |
| 2022-06-30 | 58.68% |
| 2022-03-31 | 60.02% |
| 2021-12-31 | 48.37% |
| 2021-09-30 | 45.85% |
| 2021-06-30 | 43.91% |
| 2021-03-31 | 38.11% |
| 2020-12-31 | 28.06% |
| 2020-09-30 | 29.02% |
| 2020-06-30 | -6.38% |
| 2020-03-31 | 21.28% |
| 2019-12-31 | 29.85% |
| 2019-09-30 | 20.03% |
| 2019-06-30 | 32.29% |
| 2019-03-31 | 32.22% |
| 2018-12-31 | 36.93% |
| 2018-09-30 | 45.14% |
| 2018-06-30 | 45.97% |
| 2018-03-31 | 42.82% |
| 2017-12-31 | 42.56% |
| 2017-09-30 | 31.17% |
| 2017-06-30 | 26.30% |
| 2017-03-31 | 35.91% |
| 2016-12-31 | 28.32% |
| 2016-09-30 | 24.88% |
| 2016-06-30 | 22.08% |
| 2016-03-31 | -1.93% |
| 2015-12-31 | -565.27% |
| 2015-09-30 | -354.01% |
| 2015-06-30 | 32.89% |
| 2015-03-31 | -389.42% |
| 2014-12-31 | -82.74% |
| 2014-09-30 | -6.57% |
| 2014-06-30 | 38.46% |
| 2014-03-31 | 48.64% |
| 2013-12-31 | 36.00% |
| 2013-09-30 | 28.31% |
| 2013-06-30 | 42.19% |
| 2013-03-31 | 47.60% |
| 2012-12-31 | 48.36% |
| 2012-09-30 | 29.58% |
| 2012-06-30 | 31.55% |
| 2012-03-31 | 44.13% |
| 2011-12-31 | 98.25% |
| 2011-09-30 | 58.01% |
| 2011-06-30 | 98.32% |
| 2011-03-31 | 82.19% |
| 2010-12-31 | 98.49% |
| 2010-09-30 | 98.57% |
| 2010-06-30 | 83.55% |
| 2010-03-31 | 82.02% |
| 2009-12-31 | 82.25% |
| 2009-09-30 | 98.45% |
| 2009-06-30 | 79.04% |
| 2009-03-31 | 73.63% |
| 2008-12-31 | 70.51% |
| 2008-09-30 | 84.23% |
| 2008-06-30 | 87.53% |
| 2008-03-31 | 84.45% |
| 2007-12-31 | 83.35% |
| 2007-09-30 | 81.87% |
| 2007-06-30 | 81.63% |
| 2007-03-31 | 79.21% |
| 2006-12-31 | 78.43% |
| 2006-09-30 | 82.91% |
| 2006-06-30 | 83.78% |
| 2006-03-31 | 84.11% |
| 2005-12-31 | 85.79% |
| 2005-09-30 | 85.27% |
| 2005-06-30 | 83.99% |
| 2005-03-31 | 84.54% |
| 2004-12-31 | 84.80% |
| 2004-09-30 | 83.89% |
| 2004-06-30 | 81.60% |
| 2004-03-31 | 80.38% |
| 2003-12-31 | 81.11% |
| 2003-09-30 | 80.85% |
| 2003-06-30 | 80.90% |
| 2003-03-31 | 84.90% |
| 2002-12-31 | 82.40% |
| 2002-09-30 | 80.29% |
| 2002-06-30 | 82.32% |
