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 21.55% is 17% above its 5-year average of 18.49%, around the middle of its 5-year range (12.99%–27.02%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.94% below its 12-month average of 22.43%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
21.55%
GROSS MARGIN AVG TTM
22.43%
GROSS MARGIN AVG 3Y
19.46%
GROSS MARGIN AVG 5Y
17.66%
GROSS MARGIN AVG 10Y
18.51%
GROSS MARGIN AVG 15Y
17.81%
GROSS MARGIN AVG 20Y
20.29%
CURRENT VS TTM AVG
-3.94%
CURRENT VS 3Y AVG
+10.74%
CURRENT VS 5Y AVG
+22.03%
CURRENT VS 10Y AVG
+16.39%
CURRENT VS 15Y AVG
+20.97%
CURRENT VS 20Y AVG
+6.20%
SECTOR MEDIAN · ENERGY
27.21%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-20.81%
vs the sector median at left
Market Cap
$61.10B
Gross Margin
23.57%
TTM Avg
23.45%
3Y Avg
23.37%
5Y Avg
22.28%
Market Cap
$81.67B
Gross Margin
13.25%
TTM Avg
13.23%
3Y Avg
12.88%
5Y Avg
14.52%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Energy Transfer LP (ET) | $69.27B | 21.55% | 22.43% | 19.46% | 17.66% |
| Kinder Morgan, Inc. (KMI)vs › | $68.70B | 43.66% | 40.16% | 35.59% | 35.99% |
| Suncor Energy Inc. (SU)vs › | $70.96B | 55.48% | 58.87% | 59.64% | 59.36% |
| EOG Resources, Inc. (EOG)vs › | $71.77B | 68.11% | 71.91% | 76.49% | 71.49% |
| Slb N.V. (SLB)vs › | $74.99B | 16.53% | 19.38% | 19.24% | 17.32% |
| Baker Hughes Company (BKR)vs › | $61.10B | 23.57% | 23.45% | 23.37% | 22.28% |
| Eni S.p.A. (E)vs › | $77.67B | 9.89% | 11.21% | 14.28% | 13.96% |
| Enterprise Products Partners L.P. (EPD)vs › | $81.67B | 13.25% | 13.23% | 12.88% | 14.52% |
| Phillips 66 (PSX)vs › | $81.75B | 9.78% | 4.16% | 5.87% | 4.46% |
| Occidental Petroleum Corporation (OXY)vs › | $55.61B | 33.78% | 34.70% | 37.70% | 30.44% |
Gross Margin
21.5%
(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 | 21.55% |
| 2026-03-31 | 23.85% |
| 2025-12-31 | 25.79% |
| 2025-09-30 | 27.02% |
| 2025-06-30 | 13.95% |
| 2025-03-31 | 19.74% |
| 2024-12-31 | 21.00% |
| 2024-09-30 | 18.30% |
| 2024-06-30 | 18.78% |
| 2024-03-31 | 18.00% |
| 2023-12-31 | 18.18% |
| 2023-09-30 | 17.24% |
| 2023-06-30 | 17.11% |
| 2023-03-31 | 17.69% |
| 2022-12-31 | 15.58% |
| 2022-09-30 | 15.04% |
| 2022-06-30 | 12.99% |
| 2022-03-31 | 16.61% |
| 2021-12-31 | 16.35% |
| 2021-09-30 | 15.47% |
| 2021-06-30 | 18.07% |
| 2021-03-31 | 30.76% |
| 2020-12-31 | 26.62% |
| 2020-09-30 | 28.19% |
| 2020-06-30 | 33.40% |
| 2020-03-31 | 21.13% |
| 2019-12-31 | 20.65% |
| 2019-09-30 | 20.93% |
| 2019-06-30 | 20.06% |
| 2019-03-31 | 21.61% |
| 2018-12-31 | 20.53% |
| 2018-09-30 | 18.17% |
| 2018-06-30 | 14.19% |
| 2018-03-31 | 16.10% |
| 2017-12-31 | 18.00% |
| 2017-09-30 | 18.65% |
| 2017-06-30 | 18.43% |
| 2017-03-31 | 14.08% |
| 2016-12-31 | 15.00% |
| 2016-09-30 | 14.76% |
| 2016-06-30 | 16.26% |
| 2016-03-31 | 17.37% |
| 2015-12-31 | 14.10% |
| 2015-09-30 | 12.89% |
| 2015-06-30 | 14.17% |
| 2015-03-31 | 12.61% |
| 2014-12-31 | 9.29% |
| 2014-09-30 | 9.59% |
| 2014-06-30 | 9.76% |
| 2014-03-31 | 9.46% |
| 2013-12-31 | 8.07% |
| 2013-09-30 | 8.25% |
| 2013-06-30 | 9.43% |
| 2013-03-31 | 9.20% |
| 2012-12-31 | 8.46% |
| 2012-09-30 | 31.32% |
| 2012-06-30 | 36.61% |
| 2012-03-31 | 29.13% |
| 2011-12-31 | 26.31% |
| 2011-09-30 | 24.34% |
| 2011-06-30 | 24.71% |
| 2011-03-31 | 28.50% |
| 2010-12-31 | -3.36% |
| 2010-09-30 | 37.33% |
| 2010-06-30 | 38.30% |
| 2010-03-31 | 34.57% |
| 2009-12-31 | 42.97% |
| 2009-09-30 | 39.98% |
| 2009-06-30 | 45.65% |
| 2009-03-31 | 41.16% |
| 2008-12-31 | -10.47% |
| 2008-09-30 | 25.96% |
| 2008-06-30 | 12.52% |
| 2008-03-31 | 24.99% |
| 2007-11-30 | 29.50% |
| 2007-08-31 | 25.13% |
| 2007-05-31 | 24.92% |
| 2007-02-28 | 16.24% |
| 2006-11-30 | 21.69% |
| 2006-08-31 | -10.95% |
| 2006-05-31 | 19.22% |
| 2006-02-28 | 13.93% |
| 2005-11-30 | 9.24% |
| 2005-08-31 | -6.11% |
| 2005-05-31 | 10.57% |
| 2005-02-28 | 15.88% |
