Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 23.57% is in line with its 5-year average of 21.66%, near the high end of its 5-year range (18.98%–24.61%).
0.22% above its 12-month average of 23.52%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 23.39%.
GROSS MARGIN
23.57%
GROSS MARGIN AVG TTM
23.52%
GROSS MARGIN AVG 3Y
22.39%
GROSS MARGIN AVG 5Y
21.66%
GROSS MARGIN AVG 10Y
20.23%
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+0.22%
CURRENT VS 3Y AVG
+5.28%
CURRENT VS 5Y AVG
+8.83%
CURRENT VS 10Y AVG
+16.52%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
30.57%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-22.90%
vs the sector median at left
Baker Hughes Company
Market Cap
$56.98B
Gross Margin
23.57%
TTM Avg
23.52%
3Y Avg
22.39%
5Y Avg
21.66%
Market Cap
$57.43B
Gross Margin
33.78%
TTM Avg
34.70%
3Y Avg
37.70%
5Y Avg
30.44%
Market Cap
$53.58B
Gross Margin
25.55%
TTM Avg
27.55%
3Y Avg
33.48%
5Y Avg
28.70%
Market Cap
$60.69B
Gross Margin
26.51%
TTM Avg
23.26%
3Y Avg
18.91%
5Y Avg
17.67%
Market Cap
$52.91B
Gross Margin
35.16%
TTM Avg
40.13%
3Y Avg
51.96%
5Y Avg
48.96%
Market Cap
$62.05B
Gross Margin
51.47%
TTM Avg
49.00%
3Y Avg
48.84%
5Y Avg
49.25%
Market Cap
$69.44B
Gross Margin
43.66%
TTM Avg
40.16%
3Y Avg
35.59%
5Y Avg
35.99%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Baker Hughes Company (BKR) | $56.98B | 23.57% | 23.52% | 22.39% | 21.66% |
| ONEOK, Inc. (OKE)vs › | $57.39B | 21.83% | 22.40% | 22.74% | 22.07% |
| Occidental Petroleum Corporation (OXY)vs › | $57.43B | 33.78% | 34.70% | 37.70% | 30.44% |
| MPLX Lp (MPLX)vs › | $59.02B | 52.17% | 44.70% | 43.46% | 43.46% |
| Devon Energy Corporation (DVN)vs › | $53.58B | 25.55% | 27.55% | 33.48% | 28.70% |
| Targa Resources Corp. (TRGP)vs › | $60.69B | 26.51% | 23.26% | 18.91% | 17.67% |
| Diamondback Energy, Inc. (FANG)vs › | $52.91B | 35.16% | 40.13% | 51.96% | 48.96% |
| TC Energy Corporation (TRP)vs › | $62.05B | 51.47% | 49.00% | 48.84% | 49.25% |
| Kinder Morgan, Inc. (KMI)vs › | $69.44B | 43.66% | 40.16% | 35.59% | 35.99% |
| Energy Transfer LP (ET)vs › | $70.46B | 24.11% | 20.38% | 18.28% | 19.90% |
Gross Margin
23.6%
(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 |
|---|---|
| 2026-06-30 | 23.39% |
| 2026-03-31 | 22.83% |
| 2025-12-31 | 23.73% |
| 2025-09-30 | 24.27% |
| 2025-06-30 | 23.37% |
| 2025-03-31 | 22.95% |
| 2024-12-31 | 20.78% |
| 2024-09-30 | 24.61% |
| 2024-06-30 | 23.06% |
| 2024-03-31 | 19.91% |
| 2023-12-31 | 21.17% |
| 2023-09-30 | 20.22% |
| 2023-06-30 | 20.76% |
| 2023-03-31 | 20.10% |
| 2022-12-31 | 22.64% |
| 2022-09-30 | 20.93% |
| 2022-06-30 | 19.22% |
| 2022-03-31 | 20.06% |
| 2021-12-31 | 21.97% |
| 2021-09-30 | 19.83% |
| 2021-06-30 | 18.98% |
| 2021-03-31 | 17.94% |
| 2020-12-31 | 18.36% |
| 2020-09-30 | 14.99% |
| 2020-06-30 | 14.32% |
| 2020-03-31 | 13.92% |
| 2019-12-31 | 20.40% |
| 2019-09-30 | 18.72% |
| 2019-06-30 | 17.72% |
| 2019-03-31 | 17.38% |
| 2018-12-31 | 19.73% |
| 2018-09-30 | 17.18% |
| 2018-06-30 | 16.87% |
| 2018-03-31 | 15.58% |
| 2017-12-31 | 15.20% |
| 2017-09-30 | 17.96% |
| 2017-06-30 | 17.88% |
| 2017-03-31 | 22.39% |
| 2016-12-31 | 27.62% |
| 2016-09-30 | 24.14% |
| 2016-06-30 | 26.31% |
| 2016-03-31 | 20.81% |
