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 35.68% is 69% above its 5-year average of 21.12%, near the high end of its 5-year range (-13.72%–37.32%).
As of the fiscal period ended Tuesday, March 31, 2026. 12.35% above its 12-month average of 31.75%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
35.68%
GROSS MARGIN AVG TTM
31.75%
GROSS MARGIN AVG 3Y
28.65%
GROSS MARGIN AVG 5Y
24.45%
GROSS MARGIN AVG 10Y
17.08%
GROSS MARGIN AVG 15Y
21.17%
GROSS MARGIN AVG 20Y
26.62%
CURRENT VS TTM AVG
+12.35%
CURRENT VS 3Y AVG
+24.51%
CURRENT VS 5Y AVG
+45.91%
CURRENT VS 10Y AVG
+108.93%
CURRENT VS 15Y AVG
+68.56%
CURRENT VS 20Y AVG
+34.03%
SECTOR MEDIAN · ENERGY
27.70%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+28.77%
vs the sector median at left
Cameco Corporation
Market Cap
$38.43B
Gross Margin
35.68%
TTM Avg
31.75%
3Y Avg
28.65%
5Y Avg
24.45%
Market Cap
$32.33B
Gross Margin
44.58%
TTM Avg
57.82%
3Y Avg
64.86%
5Y Avg
51.88%
Market Cap
$27.45B
Gross Margin
22.13%
TTM Avg
27.55%
3Y Avg
33.48%
5Y Avg
28.70%
Market Cap
$27.19B
Gross Margin
85.46%
TTM Avg
87.68%
3Y Avg
90.69%
5Y Avg
90.91%
Market Cap
$26.43B
Gross Margin
15.11%
TTM Avg
17.23%
3Y Avg
17.34%
5Y Avg
14.96%
Market Cap
$24.72B
Gross Margin
39.00%
TTM Avg
39.05%
3Y Avg
47.66%
5Y Avg
46.04%
Market Cap
$21.40B
Gross Margin
46.51%
TTM Avg
36.77%
3Y Avg
52.41%
5Y Avg
42.45%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cameco Corporation (CCJ) | $38.43B | 35.68% | 31.75% | 28.65% | 24.45% |
| EQT Corporation (EQT)vs › | $32.97B | 48.86% | 31.77% | 37.13% | 38.84% |
| Venture Global, Inc. (VG)vs › | $32.33B | 44.58% | 57.82% | 64.86% | 51.88% |
| Tenaris S.A. (TS)vs › | $30.44B | 34.29% | 34.72% | 37.72% | 33.46% |
| Devon Energy Corporation (DVN)vs › | $27.45B | 22.13% | 27.55% | 33.48% | 28.70% |
| Texas Pacific Land Corporation (TPL)vs › | $27.19B | 85.46% | 87.68% | 90.69% | 90.91% |
| Halliburton Company (HAL)vs › | $26.43B | 15.11% | 17.23% | 17.34% | 14.96% |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 39.00% | 39.05% | 47.66% | 46.04% |
| Expand Energy Corporation (EXE)vs › | $21.40B | 46.51% | 36.77% | 52.41% | 42.45% |
| Occidental Petroleum Corporation (OXY)vs › | $55.65B | 26.23% | 34.70% | 37.70% | 30.44% |
Gross Margin
35.7%
(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 | 35.68% |
| 2025-12-31 | 22.24% |
| 2025-09-30 | 37.32% |
| 2025-06-30 | 29.31% |
| 2025-03-31 | 34.22% |
| 2024-12-31 | 21.10% |
| 2024-09-30 | 23.71% |
| 2024-06-30 | 29.30% |
| 2024-03-31 | 29.49% |
| 2023-12-31 | 15.73% |
| 2023-09-30 | 36.13% |
| 2023-06-30 | 22.82% |
| 2023-03-31 | 35.45% |
| 2022-12-31 | 17.83% |
| 2022-09-30 | 18.71% |
| 2022-06-30 | 27.64% |
| 2022-03-31 | 12.52% |
| 2021-12-31 | 12.02% |
| 2021-09-30 | -7.23% |
| 2021-06-30 | 3.34% |
| 2021-03-31 | -13.72% |
| 2020-12-31 | 19.76% |
| 2020-09-30 | -6.24% |
| 2020-06-30 | -2.68% |
| 2020-03-31 | 10.26% |
| 2019-12-31 | 21.08% |
| 2019-09-30 | -0.67% |
| 2019-06-30 | 10.86% |
| 2019-03-31 | 5.78% |
| 2018-12-31 | 24.92% |
| 2018-09-30 | -1.18% |
| 2018-06-30 | 7.82% |
| 2018-03-31 | 15.54% |
| 2017-12-31 | 29.30% |
| 2017-09-30 | 10.51% |
| 2017-06-30 | 19.77% |
| 2017-03-31 | 14.10% |
| 2016-12-31 | 17.65% |
| 2016-09-30 | 21.82% |
| 2016-06-30 | 9.15% |
| 2016-03-31 | 28.93% |
| 2015-12-31 | 28.90% |
| 2015-09-30 | 20.51% |
| 2015-06-30 | 27.10% |
| 2015-03-31 | 22.83% |
| 2014-12-31 | 28.28% |
| 2014-09-30 | 24.34% |
| 2014-06-30 | 27.06% |
| 2014-03-31 | 25.67% |
| 2013-12-31 | 18.94% |
| 2013-09-30 | 38.15% |
| 2013-06-30 | 23.53% |
| 2013-03-31 | 21.41% |
| 2012-12-31 | 32.06% |
| 2012-09-30 | 32.98% |
| 2012-06-30 | 26.42% |
| 2012-03-31 | 31.58% |
| 2011-12-31 | 50.53% |
| 2011-09-30 | 20.45% |
| 2011-06-30 | 25.34% |
| 2011-03-31 | 30.03% |
| 2010-12-31 | 46.94% |
| 2010-09-30 | 51.40% |
| 2010-06-30 | 42.28% |
| 2010-03-31 | 48.11% |
| 2009-12-31 | 69.18% |
| 2009-09-30 | 41.26% |
| 2009-06-30 | 39.38% |
| 2009-03-31 | 42.45% |
| 2008-12-31 | 49.72% |
| 2008-09-30 | 43.46% |
| 2008-06-30 | 45.20% |
| 2008-03-31 | 48.62% |
| 2007-12-31 | 34.20% |
| 2007-09-30 | 57.35% |
| 2007-06-30 | 53.09% |
| 2007-03-31 | 37.49% |
| 2006-12-31 | 34.78% |
| 2006-09-30 | 31.74% |
| 2006-06-30 | 41.10% |
| 2006-03-31 | 44.29% |
| 2005-12-31 | 34.69% |
| 2005-09-30 | 37.82% |
| 2005-06-30 | 43.03% |
| 2005-03-31 | 39.47% |
| 2004-12-31 | 41.07% |
| 2004-09-30 | 39.91% |
| 2004-06-30 | 44.12% |
| 2004-03-31 | 34.29% |
| 2003-12-31 | 41.13% |
| 2003-09-30 | 32.19% |
| 2003-06-30 | 26.80% |
| 2003-03-31 | 41.38% |
| 2002-12-31 | 33.98% |
| 2002-09-30 | 34.03% |
| 2002-06-30 | 35.75% |
