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 12.06% is in line with its 5-year average of 13.01%, near the low end of its 5-year range (10.73%–15.59%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.61% below its 12-month average of 13.81%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
12.06%
GROSS MARGIN AVG TTM
13.81%
GROSS MARGIN AVG 3Y
13.06%
GROSS MARGIN AVG 5Y
13.01%
GROSS MARGIN AVG 10Y
14.32%
GROSS MARGIN AVG 15Y
12.30%
GROSS MARGIN AVG 20Y
11.17%
CURRENT VS TTM AVG
-12.61%
CURRENT VS 3Y AVG
-7.65%
CURRENT VS 5Y AVG
-7.30%
CURRENT VS 10Y AVG
-15.74%
CURRENT VS 15Y AVG
-1.88%
CURRENT VS 20Y AVG
+7.96%
SECTOR MEDIAN · ENERGY
27.21%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-55.66%
vs the sector median at left
Enterprise Products Partners L.P.
Market Cap
$81.67B
Gross Margin
12.06%
TTM Avg
13.81%
3Y Avg
13.06%
5Y Avg
13.01%
Market Cap
$85.89B
Gross Margin
11.33%
TTM Avg
4.02%
3Y Avg
6.61%
5Y Avg
4.66%
Market Cap
$86.11B
Gross Margin
42.86%
TTM Avg
50.78%
3Y Avg
53.52%
5Y Avg
52.60%
Market Cap
$87.06B
Gross Margin
11.62%
TTM Avg
7.12%
3Y Avg
9.52%
5Y Avg
7.42%
Market Cap
$71.77B
Gross Margin
68.11%
TTM Avg
71.91%
3Y Avg
76.49%
5Y Avg
71.49%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Enterprise Products Partners L.P. (EPD) | $81.67B | 12.06% | 13.81% | 13.06% | 13.01% |
| Phillips 66 (PSX)vs › | $81.75B | 9.78% | 4.16% | 5.87% | 4.46% |
| Eni S.p.A. (E)vs › | $77.67B | 9.89% | 11.21% | 14.28% | 13.96% |
| Valero Energy Corporation (VLO)vs › | $85.89B | 11.33% | 4.02% | 6.61% | 4.66% |
| The Williams Companies, Inc. (WMB)vs › | $86.11B | 42.86% | 50.78% | 53.52% | 52.60% |
| Marathon Petroleum Corporation (MPC)vs › | $87.06B | 11.62% | 7.12% | 9.52% | 7.42% |
| Slb N.V. (SLB)vs › | $74.99B | 16.53% | 19.38% | 19.24% | 17.32% |
| EOG Resources, Inc. (EOG)vs › | $71.77B | 68.11% | 71.91% | 76.49% | 71.49% |
| Suncor Energy Inc. (SU)vs › | $70.96B | 55.48% | 58.87% | 59.64% | 59.36% |
| Energy Transfer LP (ET)vs › | $69.27B | 24.11% | 20.38% | 18.28% | 19.90% |
Gross Margin
12.1%
(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 | 12.06% |
| 2026-03-31 | 13.09% |
| 2025-12-31 | 14.51% |
| 2025-09-30 | 13.78% |
| 2025-06-30 | 15.59% |
| 2025-03-31 | 11.27% |
| 2024-12-31 | 13.55% |
| 2024-09-30 | 12.84% |
| 2024-06-30 | 12.79% |
| 2024-03-31 | 12.24% |
| 2023-12-31 | 12.69% |
| 2023-09-30 | 13.69% |
| 2023-06-30 | 14.24% |
| 2023-03-31 | 13.66% |
| 2022-12-31 | 12.39% |
| 2022-09-30 | 10.89% |
| 2022-06-30 | 10.73% |
| 2022-03-31 | 12.49% |
| 2021-12-31 | 12.54% |
| 2021-09-30 | 13.40% |
| 2021-06-30 | 14.83% |
| 2021-03-31 | 18.22% |
| 2020-12-31 | 20.88% |
| 2020-09-30 | 20.63% |
| 2020-06-30 | 24.21% |
| 2020-03-31 | 19.03% |
| 2019-12-31 | 16.71% |
| 2019-09-30 | 17.95% |
| 2019-06-30 | 17.91% |
| 2019-03-31 | 17.89% |
| 2018-12-31 | 17.28% |
| 2018-09-30 | 16.57% |
| 2018-06-30 | 11.00% |
| 2018-03-31 | 11.58% |
| 2017-12-31 | 12.19% |
| 2017-09-30 | 11.86% |
| 2017-06-30 | 13.48% |
| 2017-03-31 | 13.64% |
| 2016-12-31 | 13.67% |
| 2016-09-30 | 14.55% |
| 2016-06-30 | 14.40% |
| 2016-03-31 | 17.18% |
| 2015-12-31 | 15.21% |
| 2015-09-30 | 13.98% |
| 2015-06-30 | 11.48% |
| 2015-03-31 | 11.90% |
| 2014-12-31 | 9.03% |
| 2014-09-30 | 7.47% |
| 2014-06-30 | 7.07% |
| 2014-03-31 | 7.31% |
| 2013-12-31 | 7.30% |
| 2013-09-30 | 6.90% |
| 2013-06-30 | 7.26% |
| 2013-03-31 | 8.48% |
| 2012-12-31 | 7.65% |
| 2012-09-30 | 8.14% |
| 2012-06-30 | 7.97% |
| 2012-03-31 | 6.98% |
| 2011-12-31 | 8.13% |
| 2011-09-30 | 6.38% |
| 2011-06-30 | 6.09% |
| 2011-03-31 | 6.35% |
| 2010-12-31 | 5.64% |
| 2010-09-30 | 7.53% |
| 2010-06-30 | 7.55% |
| 2010-03-31 | 6.70% |
| 2009-12-31 | 5.82% |
| 2009-09-30 | 8.18% |
| 2009-06-30 | 10.65% |
| 2009-03-31 | 11.15% |
| 2008-12-31 | 10.21% |
| 2008-09-30 | 5.18% |
| 2008-06-30 | 5.99% |
| 2008-03-31 | 6.57% |
| 2007-12-31 | 5.19% |
| 2007-09-30 | 5.24% |
| 2007-06-30 | 5.98% |
| 2007-03-31 | 5.97% |
| 2006-12-31 | 6.47% |
| 2006-09-30 | 7.43% |
| 2006-06-30 | 5.52% |
| 2006-03-31 | 6.25% |
| 2005-12-31 | 5.11% |
| 2005-09-30 | 6.28% |
| 2005-06-30 | 5.30% |
| 2005-03-31 | 6.73% |
| 2004-12-31 | 6.45% |
| 2004-09-30 | 4.35% |
| 2004-06-30 | 3.50% |
| 2004-03-31 | 4.89% |
| 2003-12-31 | 5.08% |
| 2003-09-30 | 4.54% |
| 2003-06-30 | 6.33% |
| 2003-03-31 | 6.40% |
| 2002-12-31 | 5.72% |
| 2002-09-30 | 8.50% |
