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 28.97% is 26% below its 5-year average of 39.05%, around the middle of its 5-year range (-111.31%–92.34%).
39.85% below its 12-month average of 48.16%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 92.34%.
GROSS MARGIN
28.97%
GROSS MARGIN AVG TTM
48.16%
GROSS MARGIN AVG 3Y
44.50%
GROSS MARGIN AVG 5Y
39.05%
GROSS MARGIN AVG 10Y
31.53%
GROSS MARGIN AVG 15Y
41.24%
GROSS MARGIN AVG 20Y
45.73%
CURRENT VS TTM AVG
-39.85%
CURRENT VS 3Y AVG
-34.90%
CURRENT VS 5Y AVG
-25.82%
CURRENT VS 10Y AVG
-8.13%
CURRENT VS 15Y AVG
-29.75%
CURRENT VS 20Y AVG
-36.65%
SECTOR MEDIAN · ENERGY
30.48%
median of 53 covered companies
CURRENT VS SECTOR MEDIAN
-4.95%
vs the sector median at left
Cheniere Energy, Inc.
Market Cap
$56.57B
Gross Margin
28.97%
TTM Avg
48.16%
3Y Avg
44.50%
5Y Avg
39.05%
Market Cap
$55.59B
Gross Margin
23.57%
TTM Avg
23.45%
3Y Avg
23.37%
5Y Avg
22.28%
Market Cap
$57.77B
Gross Margin
33.78%
TTM Avg
34.70%
3Y Avg
37.70%
5Y Avg
30.44%
Market Cap
$60.47B
Gross Margin
26.51%
TTM Avg
23.26%
3Y Avg
18.91%
5Y Avg
17.67%
Market Cap
$52.41B
Gross Margin
25.55%
TTM Avg
27.55%
3Y Avg
33.48%
5Y Avg
28.70%
Market Cap
$51.96B
Gross Margin
35.16%
TTM Avg
40.13%
3Y Avg
51.96%
5Y Avg
48.96%
Market Cap
$61.49B
Gross Margin
51.47%
TTM Avg
49.00%
3Y Avg
48.84%
5Y Avg
49.25%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cheniere Energy, Inc. (LNG) | $56.57B | 28.97% | 48.16% | 44.50% | 39.05% |
| MPLX Lp (MPLX)vs › | $57.21B | 52.17% | 44.70% | 43.46% | 43.46% |
| Baker Hughes Company (BKR)vs › | $55.59B | 23.57% | 23.45% | 23.37% | 22.28% |
| ONEOK, Inc. (OKE)vs › | $55.38B | 21.83% | 22.40% | 22.74% | 22.07% |
| Occidental Petroleum Corporation (OXY)vs › | $57.77B | 33.78% | 34.70% | 37.70% | 30.44% |
| Targa Resources Corp. (TRGP)vs › | $60.47B | 26.51% | 23.26% | 18.91% | 17.67% |
| Devon Energy Corporation (DVN)vs › | $52.41B | 25.55% | 27.55% | 33.48% | 28.70% |
| Diamondback Energy, Inc. (FANG)vs › | $51.96B | 35.16% | 40.13% | 51.96% | 48.96% |
| TC Energy Corporation (TRP)vs › | $61.49B | 51.47% | 49.00% | 48.84% | 49.25% |
| Kinder Morgan, Inc. (KMI)vs › | $69.19B | 43.66% | 40.16% | 35.59% | 35.99% |
Gross Margin
29.0%
(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 | 92.34% |
| 2026-03-31 | 31.71% |
| 2025-12-31 | 31.07% |
| 2025-09-30 | 60.59% |
| 2025-06-30 | 25.09% |
| 2025-03-31 | 30.54% |
| 2024-12-31 | 31.69% |
| 2024-09-30 | 33.99% |
| 2024-06-30 | 32.32% |
| 2024-03-31 | 36.03% |
| 2023-12-31 | -111.31% |
| 2023-09-30 | 68.25% |
| 2023-06-30 | 60.36% |
| 2023-03-31 | 47.78% |
| 2022-12-31 | 34.89% |
| 2022-09-30 | 30.74% |
| 2022-06-30 | 31.52% |
| 2022-03-31 | 40.00% |
| 2021-12-31 | 33.85% |
| 2021-09-30 | 28.04% |
| 2021-06-30 | 53.51% |
| 2021-03-31 | 39.01% |
| 2020-12-31 | 28.63% |
| 2020-09-30 | 15.44% |
| 2020-06-30 | 44.30% |
| 2020-03-31 | 30.22% |
| 2019-12-31 | 27.36% |
| 2019-09-30 | 29.01% |
| 2019-06-30 | 18.64% |
| 2019-03-31 | 23.47% |
| 2018-12-31 | 24.63% |
| 2018-09-30 | 28.78% |
| 2018-06-30 | 29.87% |
| 2018-03-31 | 39.05% |
| 2017-12-31 | 29.19% |
| 2017-09-30 | 28.19% |
| 2017-06-30 | 27.52% |
| 2017-03-31 | 36.25% |
| 2016-12-31 | 35.26% |
| 2016-09-30 | 21.94% |
| 2016-06-30 | 7.34% |
| 2016-03-31 | -8.70% |
| 2015-12-31 | 21.72% |
| 2015-09-30 | 76.71% |
| 2015-06-30 | 42.19% |
| 2015-03-31 | 20.77% |
| 2014-12-31 | 51.65% |
| 2014-09-30 | 36.99% |
| 2014-06-30 | 30.95% |
| 2014-03-31 | 56.83% |
| 2013-12-31 | 76.40% |
| 2013-09-30 | 33.03% |
| 2013-06-30 | 77.41% |
| 2013-03-31 | 77.07% |
| 2012-12-31 | 136.83% |
| 2012-09-30 | 76.92% |
| 2012-06-30 | 75.17% |
| 2012-03-31 | 76.89% |
| 2011-12-31 | 75.28% |
| 2011-09-30 | 66.39% |
| 2011-06-30 | 70.87% |
| 2011-03-31 | 76.49% |
| 2010-12-31 | 78.47% |
| 2010-09-30 | 79.58% |
| 2010-06-30 | 83.80% |
| 2010-03-31 | 82.86% |
| 2009-12-31 | 87.03% |
| 2009-09-30 | 85.35% |
| 2009-06-30 | 75.19% |
| 2009-03-31 | -610.45% |
| 2008-12-31 | -1400.92% |
| 2008-09-30 | -41.59% |
| 2008-06-30 | -241.36% |
| 2008-03-31 | -365.74% |
| 2007-12-31 | -1230.88% |
| 2007-09-30 | -2644.16% |
| 2007-06-30 | 27.84% |
| 2007-03-31 | -202.16% |
| 2006-12-31 | 802.13% |
| 2006-09-30 | -394.57% |
| 2006-06-30 | -56.17% |
| 2006-03-31 | -2080.57% |
| 2005-12-31 | -744.77% |
| 2005-09-30 | -510.56% |
| 2005-06-30 | -762.70% |
| 2005-03-31 | -717.10% |
| 2004-12-31 | 100.00% |
| 2004-09-30 | -644.52% |
| 2004-06-30 | 100.00% |
| 2004-03-31 | -1227.71% |
| 2003-12-31 | 100.00% |
| 2003-09-30 | 100.00% |
| 2003-06-30 | 100.00% |
| 2003-03-31 | 100.00% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
