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 46.51% is 13% above its 5-year average of 41.26%, near the high end of its 5-year range (-155.34%–79.50%).
21.45% below its 12-month average of 59.21%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 78.58%.
GROSS MARGIN
46.51%
GROSS MARGIN AVG TTM
59.21%
GROSS MARGIN AVG 3Y
45.86%
GROSS MARGIN AVG 5Y
41.26%
GROSS MARGIN AVG 10Y
21.02%
GROSS MARGIN AVG 15Y
20.24%
GROSS MARGIN AVG 20Y
29.50%
CURRENT VS TTM AVG
-21.45%
CURRENT VS 3Y AVG
+1.41%
CURRENT VS 5Y AVG
+12.72%
CURRENT VS 10Y AVG
+121.24%
CURRENT VS 15Y AVG
+129.81%
CURRENT VS 20Y AVG
+57.64%
SECTOR MEDIAN · ENERGY
30.57%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+52.14%
vs the sector median at left
Expand Energy Corporation
Market Cap
$20.02B
Gross Margin
46.51%
TTM Avg
59.21%
3Y Avg
45.86%
5Y Avg
41.26%
Market Cap
$23.13B
Gross Margin
85.46%
TTM Avg
87.68%
3Y Avg
90.69%
5Y Avg
90.91%
Market Cap
$26.47B
Gross Margin
39.62%
TTM Avg
41.63%
3Y Avg
38.76%
5Y Avg
36.57%
Market Cap
$27.50B
Gross Margin
15.11%
TTM Avg
17.23%
3Y Avg
17.34%
5Y Avg
14.96%
Market Cap
$10.05B
Gross Margin
62.92%
TTM Avg
64.44%
3Y Avg
63.13%
5Y Avg
63.71%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Expand Energy Corporation (EXE) | $20.02B | 46.51% | 59.21% | 45.86% | 41.26% |
| First Solar, Inc. (FSLR)vs › | $19.29B | 44.02% | 42.39% | 31.66% | 29.45% |
| Texas Pacific Land Corporation (TPL)vs › | $23.13B | 85.46% | 87.68% | 90.69% | 90.91% |
| APA Corporation (APA)vs › | $15.51B | 38.77% | 40.75% | 47.26% | 42.30% |
| Pembina Pipeline Corporation (PBA)vs › | $26.47B | 39.62% | 41.63% | 38.76% | 36.57% |
| Halliburton Company (HAL)vs › | $27.50B | 15.11% | 17.23% | 17.34% | 14.96% |
| Nextpower Inc. (NXT)vs › | $12.04B | 33.38% | 33.16% | 27.27% | 23.09% |
| Antero Midstream Corporation (AM)vs › | $10.05B | 62.92% | 64.44% | 63.13% | 63.71% |
| Tenaris S.A. (TS)vs › | $30.22B | 33.90% | 34.72% | 37.72% | 33.46% |
| EQT Corporation (EQT)vs › | $31.91B | 48.86% | 31.77% | 37.13% | 38.84% |
Gross Margin
46.5%
(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 | 78.58% |
| 2026-03-31 | 53.24% |
| 2025-12-31 | 46.41% |
| 2025-09-30 | 79.50% |
| 2025-06-30 | 38.31% |
| 2025-03-31 | 35.29% |
| 2024-12-31 | 31.92% |
| 2024-09-30 | 16.87% |
| 2024-06-30 | -37.57% |
| 2024-03-31 | 41.19% |
| 2023-12-31 | 65.06% |
| 2023-09-30 | 57.21% |
| 2023-06-30 | 6.77% |
| 2023-03-31 | 74.14% |
| 2022-12-31 | 55.70% |
| 2022-09-30 | 73.23% |
| 2022-06-30 | 39.18% |
| 2022-03-31 | -155.34% |
| 2021-12-31 | 63.42% |
| 2021-09-30 | -34.50% |
| 2021-06-30 | -57.74% |
| 2021-03-31 | 29.04% |
| 2020-12-31 | 18.21% |
| 2020-09-30 | -3.96% |
| 2020-06-30 | -55.03% |
| 2020-03-31 | 28.32% |
| 2019-12-31 | -3.95% |
| 2019-09-30 | 6.07% |
| 2019-06-30 | 15.74% |
| 2019-03-31 | -1.25% |
| 2018-12-31 | 30.56% |
| 2018-09-30 | 10.13% |
| 2018-06-30 | -0.53% |
| 2018-03-31 | 9.16% |
| 2017-12-31 | 15.76% |
| 2017-09-30 | 9.06% |
| 2017-06-30 | 22.49% |
| 2017-03-31 | 25.25% |
| 2016-12-31 | -8.76% |
| 2016-09-30 | 3.73% |
| 2016-06-30 | -35.33% |
| 2016-03-31 | 0.67% |
| 2015-12-31 | -0.20% |
| 2015-09-30 | 4.24% |
| 2015-06-30 | -0.23% |
| 2015-03-31 | 0.44% |
| 2014-12-31 | 23.72% |
| 2014-09-30 | 21.90% |
| 2014-06-30 | 13.20% |
| 2014-03-31 | 15.89% |
| 2013-12-31 | 13.35% |
| 2013-09-30 | 11.75% |
| 2013-06-30 | 29.99% |
| 2013-03-31 | 12.79% |
| 2012-12-31 | -40.81% |
| 2012-09-30 | 10.57% |
| 2012-06-30 | 33.55% |
| 2012-03-31 | 5.79% |
| 2011-12-31 | 38.36% |
| 2011-09-30 | 53.68% |
| 2011-06-30 | 46.78% |
| 2011-03-31 | 16.56% |
| 2010-12-31 | -86.58% |
| 2010-09-30 | 54.75% |
| 2010-06-30 | 47.02% |
| 2010-03-31 | 60.01% |
| 2009-12-31 | 87.04% |
| 2009-09-30 | 83.88% |
| 2009-06-30 | 83.08% |
| 2009-03-31 | 84.91% |
| 2008-12-31 | 69.44% |
| 2008-09-30 | 95.15% |
| 2008-06-30 | 0.00% |
| 2008-03-31 | 32.65% |
| 2007-12-31 | 52.27% |
| 2007-09-30 | 66.90% |
| 2007-06-30 | 67.70% |
| 2007-03-31 | 89.62% |
| 2006-12-31 | 61.92% |
| 2006-09-30 | 72.68% |
| 2006-06-30 | 68.94% |
| 2006-03-31 | 93.16% |
| 2005-12-31 | 5.18% |
| 2005-09-30 | 59.89% |
| 2005-06-30 | 93.10% |
| 2005-03-31 | 91.12% |
| 2004-12-31 | 2.81% |
| 2004-09-30 | 91.41% |
| 2004-06-30 | 91.36% |
| 2004-03-31 | 92.04% |
| 2003-12-31 | -14.75% |
| 2003-09-30 | 92.09% |
| 2003-06-30 | 92.02% |
| 2003-03-31 | 91.60% |
| 2002-12-31 | -32.27% |
| 2002-09-30 | 87.84% |
