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 9.89% is 12% below its 5-year average of 11.22%, around the middle of its 5-year range (1.62%–21.45%).
12.18% above its 12-month average of 8.82%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 21.45%.
GROSS MARGIN
9.89%
GROSS MARGIN AVG TTM
8.82%
GROSS MARGIN AVG 3Y
7.45%
GROSS MARGIN AVG 5Y
11.22%
GROSS MARGIN AVG 10Y
9.67%
GROSS MARGIN AVG 15Y
13.97%
GROSS MARGIN AVG 20Y
17.25%
CURRENT VS TTM AVG
+12.18%
CURRENT VS 3Y AVG
+32.67%
CURRENT VS 5Y AVG
-11.87%
CURRENT VS 10Y AVG
+2.28%
CURRENT VS 15Y AVG
-29.18%
CURRENT VS 20Y AVG
-42.67%
SECTOR MEDIAN · ENERGY
30.57%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-67.65%
vs the sector median at left
Market Cap
$79.51B
Gross Margin
13.25%
TTM Avg
13.23%
3Y Avg
12.88%
5Y Avg
14.52%
Market Cap
$84.72B
Gross Margin
42.86%
TTM Avg
50.78%
3Y Avg
53.52%
5Y Avg
52.60%
Market Cap
$61.19B
Gross Margin
51.47%
TTM Avg
49.00%
3Y Avg
48.84%
5Y Avg
49.25%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Eni S.p.A. (E) | $79.26B | 9.89% | 8.82% | 7.45% | 11.22% |
| Enterprise Products Partners L.P. (EPD)vs › | $79.51B | 13.25% | 13.23% | 12.88% | 14.52% |
| Suncor Energy Inc. (SU)vs › | $80.52B | 54.01% | 58.87% | 59.64% | 59.36% |
| Slb N.V. (SLB)vs › | $76.49B | 16.53% | 19.38% | 19.24% | 17.32% |
| EOG Resources, Inc. (EOG)vs › | $74.75B | 70.20% | 71.91% | 76.49% | 71.49% |
| The Williams Companies, Inc. (WMB)vs › | $84.72B | 42.86% | 50.78% | 53.52% | 52.60% |
| Energy Transfer LP (ET)vs › | $69.48B | 24.11% | 20.38% | 18.28% | 19.90% |
| Kinder Morgan, Inc. (KMI)vs › | $68.47B | 43.66% | 40.16% | 35.59% | 35.99% |
| TC Energy Corporation (TRP)vs › | $61.19B | 51.47% | 49.00% | 48.84% | 49.25% |
| Canadian Natural Resources Limited (CNQ)vs › | $98.88B | 21.29% | 35.30% | 33.06% | 27.47% |
Gross Margin
9.9%
(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 | 21.45% |
| 2026-03-31 | 10.13% |
| 2025-12-31 | 1.62% |
| 2025-09-30 | 5.47% |
| 2025-06-30 | 5.41% |
| 2025-03-31 | 5.95% |
| 2024-12-31 | 4.30% |
| 2024-09-30 | 5.64% |
| 2024-06-30 | 8.65% |
| 2024-03-31 | 12.11% |
| 2023-12-31 | 7.59% |
| 2023-09-30 | 13.19% |
| 2023-06-30 | 9.40% |
| 2023-03-31 | 9.43% |
| 2022-12-31 | 3.73% |
| 2022-09-30 | 20.21% |
| 2022-06-30 | 18.55% |
| 2022-03-31 | 18.16% |
| 2021-12-31 | 19.35% |
| 2021-09-30 | 18.05% |
| 2021-06-30 | 17.28% |
| 2021-03-31 | 17.48% |
| 2020-12-31 | 4.15% |
| 2020-09-30 | 3.27% |
| 2020-06-30 | -2.21% |
| 2020-03-31 | -4.22% |
| 2019-12-31 | 7.89% |
| 2019-09-30 | 9.76% |
| 2019-06-30 | 11.77% |
| 2019-03-31 | 12.91% |
| 2018-12-31 | 11.49% |
| 2018-09-30 | 16.83% |
| 2018-06-30 | 10.62% |
| 2018-03-31 | 12.87% |
| 2017-12-31 | 4.47% |
| 2017-09-30 | 6.25% |
| 2017-06-30 | 3.03% |
| 2017-03-31 | 10.03% |
| 2016-12-31 | 4.99% |
| 2016-09-30 | -0.93% |
| 2016-06-30 | 20.32% |
| 2016-03-31 | 20.35% |
| 2015-12-31 | 17.53% |
| 2015-09-30 | 21.53% |
| 2015-06-30 | 26.70% |
| 2015-03-31 | 20.72% |
| 2014-12-31 | 10.97% |
| 2014-09-30 | 22.90% |
| 2014-06-30 | 23.41% |
| 2014-03-31 | 23.57% |
| 2013-12-31 | 22.98% |
| 2013-09-30 | 22.11% |
| 2013-06-30 | 18.95% |
| 2013-03-31 | 22.11% |
| 2012-12-31 | 19.73% |
| 2012-09-30 | 23.94% |
| 2012-06-30 | 25.31% |
| 2012-03-31 | 30.84% |
| 2011-12-31 | 25.29% |
| 2011-09-30 | 29.21% |
| 2011-06-30 | 27.29% |
| 2011-03-31 | 32.04% |
| 2010-12-31 | 25.99% |
| 2010-09-30 | 31.45% |
| 2010-06-30 | 35.71% |
| 2010-03-31 | 30.71% |
| 2009-12-31 | 43.89% |
| 2009-09-30 | 27.05% |
| 2009-06-30 | 38.28% |
| 2009-03-31 | 25.43% |
| 2008-12-31 | 100.00% |
| 2008-09-30 | 100.00% |
| 2008-06-30 | 37.07% |
| 2008-03-31 | 28.52% |
| 2007-12-31 | 100.00% |
| 2007-09-30 | 100.00% |
| 2007-06-30 | 34.19% |
| 2007-03-31 | 100.00% |
| 2006-12-31 | 100.00% |
| 2006-09-30 | 100.00% |
| 2006-06-30 | 34.26% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 100.00% |
| 2005-09-30 | 100.00% |
| 2005-06-30 | 36.13% |
| 2005-03-31 | 100.00% |
| 2004-12-31 | 100.00% |
| 2004-09-30 | 100.00% |
| 2004-06-30 | 61.29% |
| 2004-03-31 | 100.00% |
| 2003-12-31 | 100.00% |
| 2003-09-30 | 100.00% |
| 2003-06-30 | 35.21% |
| 2003-03-31 | 100.00% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
