Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 18.78% is 20% below its 5-year average of 23.36%, near the low end of its 5-year range (14.85%–36.31%).
As of the fiscal period ended Tuesday, March 31, 2026. 20.91% below its 12-month average of 23.74%.
Reported quarterly EBITDA margin; no daily interpolation.
EBITDA MARGIN
18.78%
EBITDA MARGIN AVG TTM
23.74%
EBITDA MARGIN AVG 3Y
26.31%
EBITDA MARGIN AVG 5Y
23.36%
EBITDA MARGIN AVG 10Y
22.38%
EBITDA MARGIN AVG 15Y
18.95%
EBITDA MARGIN AVG 20Y
16.42%
CURRENT VS TTM AVG
-20.91%
CURRENT VS 3Y AVG
-28.63%
CURRENT VS 5Y AVG
-19.63%
CURRENT VS 10Y AVG
-16.08%
CURRENT VS 15Y AVG
-0.89%
CURRENT VS 20Y AVG
+14.37%
Market Cap
$58.00B
EBITDA Margin
28.96%
TTM Avg
27.64%
3Y Avg
23.59%
5Y Avg
22.60%
Market Cap
$55.54B
EBITDA Margin
66.26%
TTM Avg
66.00%
3Y Avg
72.45%
5Y Avg
36.66%
Market Cap
$55.17B
EBITDA Margin
52.63%
TTM Avg
51.12%
3Y Avg
51.60%
5Y Avg
48.95%
Market Cap
$60.05B
EBITDA Margin
17.11%
TTM Avg
16.67%
3Y Avg
15.47%
5Y Avg
13.88%
Market Cap
$70.96B
EBITDA Margin
42.86%
TTM Avg
43.78%
3Y Avg
40.73%
5Y Avg
42.06%
Market Cap
$38.70B
EBITDA Margin
25.45%
TTM Avg
25.87%
3Y Avg
20.37%
5Y Avg
15.51%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ONEOK, Inc. (OKE) | $56.90B | 18.78% | 23.74% | 26.31% | 23.36% |
| Targa Resources Corp. (TRGP)vs › | $58.00B | 28.96% | 27.64% | 23.59% | 22.60% |
| Diamondback Energy, Inc. (FANG)vs › | $55.54B | 66.26% | 66.00% | 72.45% | 36.66% |
| Occidental Petroleum Corporation (OXY)vs › | $55.17B | 52.63% | 51.12% | 51.60% | 48.95% |
| Baker Hughes Company (BKR)vs › | $60.05B | 17.11% | 16.67% | 15.47% | 13.88% |
| Energy Transfer LP (ET)vs › | $68.53B | 17.86% | 17.58% | 16.14% | 16.72% |
| Kinder Morgan, Inc. (KMI)vs › | $70.96B | 42.86% | 43.78% | 40.73% | 42.06% |
| Eni S.p.A. (E)vs › | $73.54B | 14.43% | 17.36% | 18.68% | 19.76% |
| Cameco Corporation (CCJ)vs › | $38.70B | 25.45% | 25.87% | 20.37% | 15.51% |
| EOG Resources, Inc. (EOG)vs › | $75.33B | 56.16% | 54.15% | 52.65% | 48.18% |
Gross Margin
23.9%
EBITDA Margin
18.8%
Operating Margin
20.3%
Net Margin
10.0%
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 |
|---|---|
| 2026-03-31 | 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% |
| 2002-06-30 | 11.09% |
