Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 25.22% is 10% above its 5-year average of 22.91%, around the middle of its 5-year range (14.85%–36.31%).
9.92% above its 12-month average of 22.94%.
Reported quarterly EBITDA margin; no daily interpolation. Q2 FY2026 (2026-06-30): 16.43%.
EBITDA MARGIN
25.22%
EBITDA MARGIN AVG TTM
22.94%
EBITDA MARGIN AVG 3Y
24.78%
EBITDA MARGIN AVG 5Y
22.91%
EBITDA MARGIN AVG 10Y
22.22%
EBITDA MARGIN AVG 15Y
19.04%
EBITDA MARGIN AVG 20Y
16.50%
CURRENT VS TTM AVG
+9.92%
CURRENT VS 3Y AVG
+1.76%
CURRENT VS 5Y AVG
+10.10%
CURRENT VS 10Y AVG
+13.51%
CURRENT VS 15Y AVG
+32.44%
CURRENT VS 20Y AVG
+52.84%
Market Cap
$60.83B
EBITDA Margin
52.63%
TTM Avg
51.12%
3Y Avg
51.60%
5Y Avg
48.95%
Market Cap
$58.96B
EBITDA Margin
17.11%
TTM Avg
16.67%
3Y Avg
15.47%
5Y Avg
13.88%
Market Cap
$62.69B
EBITDA Margin
28.96%
TTM Avg
27.64%
3Y Avg
23.59%
5Y Avg
22.60%
Market Cap
$57.78B
EBITDA Margin
66.26%
TTM Avg
66.00%
3Y Avg
72.45%
5Y Avg
36.66%
Market Cap
$64.44B
EBITDA Margin
62.45%
TTM Avg
62.36%
3Y Avg
63.05%
5Y Avg
63.29%
Market Cap
$55.02B
EBITDA Margin
43.35%
TTM Avg
45.00%
3Y Avg
48.01%
5Y Avg
43.87%
Market Cap
$68.93B
EBITDA Margin
42.86%
TTM Avg
43.78%
3Y Avg
40.73%
5Y Avg
42.06%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ONEOK, Inc. (OKE) | $60.32B | 25.22% | 22.94% | 24.78% | 22.91% |
| MPLX Lp (MPLX)vs › | $60.50B | 51.73% | 55.99% | 57.21% | 50.48% |
| Occidental Petroleum Corporation (OXY)vs › | $60.83B | 52.63% | 51.12% | 51.60% | 48.95% |
| Baker Hughes Company (BKR)vs › | $58.96B | 17.11% | 16.67% | 15.47% | 13.88% |
| Targa Resources Corp. (TRGP)vs › | $62.69B | 28.96% | 27.64% | 23.59% | 22.60% |
| Diamondback Energy, Inc. (FANG)vs › | $57.78B | 66.26% | 66.00% | 72.45% | 36.66% |
| TC Energy Corporation (TRP)vs › | $64.44B | 62.45% | 62.36% | 63.05% | 63.29% |
| Devon Energy Corporation (DVN)vs › | $55.02B | 43.35% | 45.00% | 48.01% | 43.87% |
| Kinder Morgan, Inc. (KMI)vs › | $68.93B | 42.86% | 43.78% | 40.73% | 42.06% |
| Energy Transfer LP (ET)vs › | $74.78B | 17.86% | 17.58% | 16.14% | 16.72% |
Gross Margin
21.8%
EBITDA Margin
25.2%
Operating Margin
18.5%
Net Margin
9.3%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-06-30 | 16.43% |
| 2026-03-31 | 18.78% |
| 2025-12-31 | 34.00% |
| 2025-09-30 | 22.42% |
| 2025-06-30 | 23.09% |
| 2025-03-31 | 20.42% |
| 2024-12-31 | 27.31% |
| 2024-09-30 | 28.11% |
| 2024-06-30 | 30.47% |
| 2024-03-31 | 27.57% |
| 2023-12-31 | 28.94% |
| 2023-09-30 | 23.88% |
| 2023-06-30 | 20.76% |
| 2023-03-31 | 36.31% |
| 2022-12-31 | 18.17% |
| 2022-09-30 | 15.88% |
| 2022-06-30 | 14.85% |
| 2022-03-31 | 15.76% |
| 2021-12-31 | 15.88% |
| 2021-09-30 | 18.87% |
| 2021-06-30 | 23.13% |
| 2021-03-31 | 26.03% |
| 2020-12-31 | 29.79% |
| 2020-09-30 | 32.37% |
| 2020-06-30 | 28.44% |
| 2020-03-31 | 29.77% |
| 2019-12-31 | 23.08% |
| 2019-09-30 | 26.06% |
| 2019-06-30 | 23.70% |
| 2019-03-31 | 20.43% |
| 2018-12-31 | 18.23% |
| 2018-09-30 | 18.26% |
| 2018-06-30 | 19.01% |
| 2018-03-31 | 19.40% |
| 2017-12-31 | 14.00% |
| 2017-09-30 | 16.74% |
| 2017-06-30 | 15.60% |
| 2017-03-31 | 15.49% |
| 2016-12-31 | 16.28% |
| 2016-09-30 | 17.84% |
| 2016-06-30 | 19.42% |
| 2016-03-31 | 22.88% |
| 2015-12-31 | 17.37% |
| 2015-09-30 | 19.65% |
| 2015-06-30 | 16.90% |
| 2015-03-31 | 15.64% |
| 2014-12-31 | 13.61% |
| 2014-09-30 | 11.73% |
| 2014-06-30 | 10.55% |
| 2014-03-31 | 11.79% |
| 2013-12-31 | 9.73% |
| 2013-09-30 | 9.08% |
| 2013-06-30 | 6.57% |
| 2013-03-31 | 10.28% |
| 2012-12-31 | 10.55% |
| 2012-09-30 | 10.72% |
| 2012-06-30 | 12.60% |
| 2012-03-31 | 11.99% |
| 2011-12-31 | 11.52% |
| 2011-09-30 | 9.04% |
| 2011-06-30 | 8.41% |
| 2011-03-31 | 10.60% |
| 2010-12-31 | 9.47% |
| 2010-09-30 | 8.98% |
| 2010-06-30 | 9.06% |
| 2010-03-12 | 10.58% |
| 2009-12-31 | 9.29% |
| 2009-09-30 | 10.41% |
| 2009-07-23 | 10.15% |
| 2009-03-31 | 13.09% |
| 2008-12-31 | 9.92% |
| 2008-09-30 | 5.92% |
| 2008-06-30 | 5.58% |
| 2008-03-31 | 8.01% |
| 2007-12-31 | 7.91% |
| 2007-09-30 | 5.66% |
| 2007-06-30 | 6.68% |
| 2007-03-31 | 10.07% |
| 2006-12-31 | 8.45% |
| 2006-09-30 | 6.63% |
| 2006-06-30 | 8.57% |
| 2006-03-31 | 9.72% |
| 2005-12-31 | 4.71% |
| 2005-09-30 | 4.84% |
| 2005-06-30 | 5.69% |
| 2005-03-31 | 9.12% |
| 2004-12-31 | 8.86% |
| 2004-09-30 | 6.19% |
| 2004-06-30 | 15.79% |
| 2004-03-31 | 23.47% |
| 2003-12-31 | 18.89% |
| 2003-09-30 | 12.66% |
| 2003-06-30 | 21.80% |
| 2003-03-31 | 25.14% |
| 2002-12-31 | 16.80% |
| 2002-09-30 | 24.62% |
