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 81.55% is in line with its 5-year average of 89.20%, around the middle of its 5-year range (70.91%–94.89%).
2.22% below its 12-month average of 83.40%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 88.09%.
GROSS MARGIN
81.55%
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
-2.22%
CURRENT VS 3Y AVG
-9.18%
CURRENT VS 5Y AVG
-8.58%
CURRENT VS 10Y AVG
-7.39%
CURRENT VS 15Y AVG
-6.21%
CURRENT VS 20Y AVG
-9.33%
SECTOR MEDIAN · ENERGY
30.57%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+166.76%
vs the sector median at left
Natural Resource Partners L.P.
Market Cap
$1.45B
Gross Margin
81.55%
TTM Avg
83.40%
3Y Avg
89.79%
5Y Avg
89.20%
Market Cap
$1.37B
Gross Margin
46.24%
TTM Avg
55.43%
3Y Avg
67.16%
5Y Avg
68.63%
Market Cap
$1.92B
Gross Margin
22.16%
TTM Avg
-40.99%
3Y Avg
-7.79%
5Y Avg
5.41%
Market Cap
$589.16M
Gross Margin
24.27%
TTM Avg
27.88%
3Y Avg
23.77%
5Y Avg
21.06%
Market Cap
$2.66B
Gross Margin
23.27%
TTM Avg
25.71%
3Y Avg
31.64%
5Y Avg
34.07%
Market Cap
$3.74B
Gross Margin
10.49%
TTM Avg
20.61%
3Y Avg
19.84%
5Y Avg
12.13%
Market Cap
$4.08B
Gross Margin
46.95%
TTM Avg
46.97%
3Y Avg
45.48%
5Y Avg
44.46%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Natural Resource Partners L.P. (NRP) | $1.45B | 81.55% | 83.40% | 89.79% | 89.20% |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.37B | 46.24% | 55.43% | 67.16% | 68.63% |
| SolarEdge Technologies, Inc. (SEDG)vs › | $1.92B | 22.16% | -40.99% | -7.79% | 5.41% |
| Array Technologies, Inc. (ARRY)vs › | $589.16M | 24.27% | 27.88% | 23.77% | 21.06% |
| Star Group, L.P. (SGU)vs › | $419.62M | 30.48% | 28.09% | 25.29% | 26.81% |
| Centrus Energy Corp. (LEU)vs › | $2.66B | 23.27% | 25.71% | 31.64% | 34.07% |
| enCore Energy Corp. (EU)vs › | $233.07M | 22.46% | 5.06% | 14.79% | 9.86% |
| Helmerich & Payne, Inc. (HP)vs › | $3.74B | 10.49% | 20.61% | 19.84% | 12.13% |
| Enphase Energy, Inc. (ENPH)vs › | $4.08B | 46.95% | 46.97% | 45.48% | 44.46% |
| Oceaneering International, Inc. (OII)vs › | $4.56B | 19.82% | 19.33% | 17.50% | 15.52% |
Gross Margin
81.5%
(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 | 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% |
