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 88.09% is in line with its 5-year average of 89.20%, near the high end of its 5-year range (70.91%–94.89%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.62% above its 12-month average of 83.40%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
88.09%
GROSS MARGIN AVG TTM
83.40%
GROSS MARGIN AVG 3Y
89.79%
GROSS MARGIN AVG 5Y
89.20%
GROSS MARGIN AVG 10Y
88.06%
GROSS MARGIN AVG 15Y
86.95%
GROSS MARGIN AVG 20Y
89.94%
CURRENT VS TTM AVG
+5.62%
CURRENT VS 3Y AVG
-1.90%
CURRENT VS 5Y AVG
-1.25%
CURRENT VS 10Y AVG
+0.03%
CURRENT VS 15Y AVG
+1.31%
CURRENT VS 20Y AVG
-2.06%
SECTOR MEDIAN · ENERGY
26.03%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+238.41%
vs the sector median at left
Natural Resource Partners L.P.
Market Cap
$1.39B
Gross Margin
88.09%
TTM Avg
83.40%
3Y Avg
89.79%
5Y Avg
89.20%
Market Cap
$1.34B
Gross Margin
46.24%
TTM Avg
55.43%
3Y Avg
67.16%
5Y Avg
68.63%
Market Cap
$1.97B
Gross Margin
22.16%
TTM Avg
-40.99%
3Y Avg
-7.79%
5Y Avg
5.41%
Market Cap
$776.82M
Gross Margin
24.27%
TTM Avg
27.88%
3Y Avg
23.77%
5Y Avg
21.06%
Market Cap
$3.60B
Gross Margin
23.27%
TTM Avg
25.71%
3Y Avg
31.64%
5Y Avg
34.07%
Market Cap
$4.42B
Gross Margin
10.49%
TTM Avg
20.61%
3Y Avg
19.84%
5Y Avg
12.13%
Market Cap
$4.73B
Gross Margin
39.62%
TTM Avg
40.13%
3Y Avg
45.19%
5Y Avg
42.41%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Natural Resource Partners L.P. (NRP) | $1.39B | 88.09% | 83.40% | 89.79% | 89.20% |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.34B | 46.24% | 55.43% | 67.16% | 68.63% |
| SolarEdge Technologies, Inc. (SEDG)vs › | $1.97B | 22.16% | -40.99% | -7.79% | 5.41% |
| Array Technologies, Inc. (ARRY)vs › | $776.82M | 24.27% | 27.88% | 23.77% | 21.06% |
| Star Group, L.P. (SGU)vs › | $415.02M | 30.48% | 28.09% | 25.29% | 26.81% |
| enCore Energy Corp. (EU)vs › | $235.01M | 22.33% | 5.06% | 14.79% | 9.86% |
| Centrus Energy Corp. (LEU)vs › | $3.60B | 23.27% | 25.71% | 31.64% | 34.07% |
| Helmerich & Payne, Inc. (HP)vs › | $4.42B | 10.49% | 20.61% | 19.84% | 12.13% |
| California Resources Corp (CRC)vs › | $4.73B | 39.62% | 40.13% | 45.19% | 42.41% |
| Enphase Energy, Inc. (ENPH)vs › | $5.35B | 46.95% | 46.97% | 45.48% | 44.46% |
Gross Margin
88.1%
(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 | 88.09% |
| 2026-03-31 | 70.91% |
| 2025-12-31 | 82.21% |
| 2025-09-30 | 84.67% |
| 2025-06-30 | 91.12% |
| 2025-03-31 | 87.83% |
| 2024-12-31 | 85.11% |
| 2024-09-30 | 90.94% |
| 2024-06-30 | 94.19% |
| 2024-03-31 | 93.43% |
| 2023-12-31 | 92.12% |
| 2023-09-30 | 93.72% |
| 2023-06-30 | 94.10% |
| 2023-03-31 | 94.89% |
| 2022-12-31 | 81.62% |
| 2022-09-30 | 90.96% |
| 2022-06-30 | 88.21% |
| 2022-03-31 | 89.21% |
| 2021-12-31 | 89.12% |
| 2021-09-30 | 83.31% |
| 2021-06-30 | 71.95% |
| 2021-03-31 | 84.19% |
| 2020-12-31 | 83.31% |
| 2020-09-30 | 79.31% |
| 2020-06-30 | 75.55% |
| 2020-03-31 | 78.75% |
| 2019-12-31 | 85.75% |
| 2019-09-30 | 92.27% |
| 2019-06-30 | 94.32% |
| 2019-03-31 | 92.03% |
| 2018-12-31 | 87.50% |
| 2018-09-30 | 90.44% |
| 2018-06-30 | 90.92% |
| 2018-03-31 | 89.90% |
| 2017-12-31 | 90.02% |
| 2017-09-30 | 90.13% |
| 2017-06-30 | 89.90% |
| 2017-03-31 | 86.61% |
| 2016-12-31 | 84.72% |
| 2016-09-30 | 84.10% |
| 2016-06-30 | 89.76% |
| 2016-03-31 | 79.24% |
| 2015-12-31 | 82.36% |
| 2015-09-30 | 45.63% |
| 2015-06-30 | 46.78% |
| 2015-03-31 | 45.57% |
| 2014-12-31 | 46.84% |
| 2014-09-30 | 70.52% |
| 2014-06-30 | 76.21% |
| 2014-03-31 | 75.69% |
| 2013-12-31 | 81.83% |
| 2013-09-30 | 75.21% |
| 2013-06-30 | 77.29% |
| 2013-03-31 | 82.15% |
| 2012-12-31 | 83.29% |
| 2012-09-30 | 99.44% |
| 2012-06-30 | 98.68% |
| 2012-03-31 | 99.27% |
| 2011-12-31 | 99.16% |
| 2011-09-30 | 99.26% |
| 2011-06-30 | 99.25% |
| 2011-03-31 | 99.09% |
| 2010-12-31 | 101.53% |
| 2010-09-30 | 98.92% |
| 2010-06-30 | 99.62% |
| 2010-03-31 | 98.91% |
| 2009-12-31 | 4.71% |
| 2009-09-30 | 99.45% |
| 2009-06-30 | 99.37% |
| 2009-03-31 | 99.27% |
| 2008-12-31 | 15.77% |
| 2008-09-30 | 99.06% |
| 2008-06-30 | 99.01% |
| 2008-03-31 | 99.33% |
| 2007-12-31 | 99.52% |
| 2007-09-30 | 99.42% |
| 2007-06-30 | 99.20% |
| 2007-03-31 | 99.34% |
| 2006-12-31 | 99.26% |
| 2006-09-30 | 99.29% |
| 2006-06-30 | 100.00% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 97.59% |
| 2005-09-30 | 97.24% |
| 2005-06-30 | 100.00% |
| 2005-03-31 | 100.00% |
| 2004-12-31 | 93.48% |
| 2004-09-30 | 100.00% |
| 2004-06-30 | 100.00% |
| 2004-03-31 | 100.00% |
| 2003-12-31 | 83.30% |
| 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% |
