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 48.86% is 21% below its 5-year average of 62.12%, around the middle of its 5-year range (-23.16%–98.38%).
20.77% below its 12-month average of 61.67%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 73.19%.
GROSS MARGIN
48.86%
GROSS MARGIN AVG TTM
61.67%
GROSS MARGIN AVG 3Y
51.33%
GROSS MARGIN AVG 5Y
62.12%
GROSS MARGIN AVG 10Y
55.85%
GROSS MARGIN AVG 15Y
55.06%
GROSS MARGIN AVG 20Y
54.52%
CURRENT VS TTM AVG
-20.77%
CURRENT VS 3Y AVG
-4.80%
CURRENT VS 5Y AVG
-21.34%
CURRENT VS 10Y AVG
-12.52%
CURRENT VS 15Y AVG
-11.27%
CURRENT VS 20Y AVG
-10.39%
SECTOR MEDIAN · ENERGY
30.57%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+59.83%
vs the sector median at left
Market Cap
$29.94B
Gross Margin
15.11%
TTM Avg
17.23%
3Y Avg
17.34%
5Y Avg
14.96%
Market Cap
$38.58B
Gross Margin
47.83%
TTM Avg
57.82%
3Y Avg
64.86%
5Y Avg
51.88%
Market Cap
$27.80B
Gross Margin
39.62%
TTM Avg
41.63%
3Y Avg
38.76%
5Y Avg
36.57%
Market Cap
$25.46B
Gross Margin
85.46%
TTM Avg
87.68%
3Y Avg
90.69%
5Y Avg
90.91%
Market Cap
$21.95B
Gross Margin
46.51%
TTM Avg
36.77%
3Y Avg
52.41%
5Y Avg
42.45%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| EQT Corporation (EQT) | $33.82B | 48.86% | 61.67% | 51.33% | 62.12% |
| Tenaris S.A. (TS)vs › | $30.79B | 33.90% | 34.72% | 37.72% | 33.46% |
| Halliburton Company (HAL)vs › | $29.94B | 15.11% | 17.23% | 17.34% | 14.96% |
| Venture Global, Inc. (VG)vs › | $38.58B | 47.83% | 57.82% | 64.86% | 51.88% |
| Pembina Pipeline Corporation (PBA)vs › | $27.80B | 39.62% | 41.63% | 38.76% | 36.57% |
| Cameco Corporation (CCJ)vs › | $42.11B | 27.91% | 30.32% | 25.84% | 20.67% |
| Texas Pacific Land Corporation (TPL)vs › | $25.46B | 85.46% | 87.68% | 90.69% | 90.91% |
| First Solar, Inc. (FSLR)vs › | $22.46B | 44.02% | 42.39% | 31.66% | 29.45% |
| Expand Energy Corporation (EXE)vs › | $21.95B | 46.51% | 36.77% | 52.41% | 42.45% |
| APA Corporation (APA)vs › | $15.81B | 38.77% | 40.75% | 47.26% | 42.30% |
Gross Margin
48.9%
(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 | 73.19% |
| 2026-03-31 | 98.38% |
| 2025-12-31 | 45.89% |
| 2025-09-30 | 36.15% |
| 2025-06-30 | 54.72% |
| 2025-03-31 | 55.04% |
| 2024-12-31 | 38.57% |
| 2024-09-30 | 7.64% |
| 2024-06-30 | -23.16% |
| 2024-03-31 | 55.78% |
| 2023-12-31 | 57.23% |
| 2023-09-30 | 49.44% |
| 2023-06-30 | 47.24% |
| 2023-03-31 | 76.28% |
| 2022-12-31 | 82.06% |
| 2022-09-30 | 86.46% |
| 2022-06-30 | 84.83% |
| 2022-03-31 | 80.26% |
| 2021-12-31 | 80.55% |
| 2021-09-30 | 72.07% |
| 2021-06-30 | 60.58% |
| 2021-03-31 | 62.74% |
| 2020-12-31 | 50.96% |
| 2020-09-30 | 35.23% |
| 2020-06-30 | 26.32% |
| 2020-03-31 | 43.51% |
| 2019-12-31 | 49.70% |
| 2019-09-30 | 43.40% |
| 2019-06-30 | 53.57% |
| 2019-03-31 | 65.11% |
| 2018-12-31 | 55.36% |
| 2018-09-30 | 52.67% |
| 2018-06-30 | 51.84% |
| 2018-03-31 | 57.46% |
| 2017-12-31 | 56.12% |
| 2017-09-30 | 54.06% |
| 2017-06-30 | 55.44% |
| 2017-03-31 | 62.88% |
| 2016-12-31 | 43.96% |
| 2016-09-30 | 40.42% |
| 2016-06-30 | 25.32% |
| 2016-03-31 | 39.82% |
| 2015-12-31 | 46.24% |
| 2015-09-30 | 43.77% |
| 2015-06-30 | 48.27% |
| 2015-03-31 | 66.92% |
| 2014-12-31 | 67.26% |
| 2014-09-30 | 63.50% |
| 2014-06-30 | 65.68% |
| 2014-03-31 | 73.60% |
| 2013-12-31 | 26.14% |
| 2013-09-30 | 55.68% |
| 2013-06-30 | 54.39% |
| 2013-03-31 | 37.81% |
| 2012-12-31 | 51.42% |
| 2012-09-30 | 48.03% |
| 2012-06-30 | 47.33% |
| 2012-03-31 | 51.41% |
| 2011-12-31 | 94.24% |
| 2011-09-30 | 64.23% |
| 2011-06-30 | 64.72% |
| 2011-03-31 | 57.71% |
| 2010-12-31 | 57.53% |
| 2010-09-30 | 63.71% |
| 2010-06-30 | 62.05% |
| 2010-03-31 | 55.92% |
| 2009-12-31 | 64.03% |
| 2009-09-30 | 63.89% |
| 2009-06-30 | 59.82% |
| 2009-03-31 | 42.77% |
| 2008-12-31 | 94.11% |
| 2008-09-30 | 53.32% |
| 2008-06-30 | 49.65% |
| 2008-03-31 | 41.42% |
| 2007-12-31 | 45.01% |
| 2007-09-30 | 51.35% |
| 2007-06-30 | 45.90% |
| 2007-03-31 | 42.18% |
| 2006-12-31 | 48.30% |
| 2006-09-30 | 51.20% |
| 2006-06-30 | 49.38% |
| 2006-03-31 | 42.22% |
| 2005-12-31 | 50.99% |
| 2005-09-30 | 47.33% |
| 2005-06-30 | 42.52% |
| 2005-03-31 | 39.69% |
| 2004-12-31 | 40.98% |
| 2004-09-30 | 53.69% |
| 2004-06-30 | 47.95% |
| 2004-03-31 | 43.47% |
| 2003-12-31 | 46.60% |
| 2003-09-30 | 54.52% |
| 2003-06-30 | 47.98% |
| 2003-03-31 | 46.84% |
| 2002-12-31 | 27.58% |
| 2002-09-30 | 57.08% |
