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 31.92% is 15% below its 5-year average of 37.36%, around the middle of its 5-year range (10.54%–45.92%).
3.45% below its 12-month average of 33.06%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 30.31%.
GROSS MARGIN
31.92%
GROSS MARGIN AVG TTM
33.06%
GROSS MARGIN AVG 3Y
35.67%
GROSS MARGIN AVG 5Y
37.36%
GROSS MARGIN AVG 10Y
N/A
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-3.45%
CURRENT VS 3Y AVG
-10.50%
CURRENT VS 5Y AVG
-14.56%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
24.34%
median of 108 covered companies
CURRENT VS SECTOR MEDIAN
+31.14%
vs the sector median at left
Shoals Technologies Group, Inc.
Market Cap
$1.43B
Gross Margin
31.92%
TTM Avg
33.06%
3Y Avg
35.67%
5Y Avg
37.36%
Market Cap
$1.41B
Gross Margin
46.24%
TTM Avg
55.43%
3Y Avg
67.16%
5Y Avg
68.63%
Market Cap
$1.46B
Gross Margin
81.55%
TTM Avg
84.88%
3Y Avg
87.97%
5Y Avg
89.16%
Market Cap
$1.04B
Gross Margin
20.70%
TTM Avg
27.96%
3Y Avg
40.39%
5Y Avg
32.03%
Market Cap
$879.94M
Gross Margin
4.57%
TTM Avg
7.62%
3Y Avg
15.33%
5Y Avg
10.56%
Market Cap
$845.50M
Gross Margin
33.24%
TTM Avg
31.09%
3Y Avg
30.42%
5Y Avg
30.42%
Market Cap
$797.85M
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shoals Technologies Group, Inc. (SHLS) | $1.43B | 31.92% | 33.06% | 35.67% | 37.36% |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.41B | 46.24% | 55.43% | 67.16% | 68.63% |
| Natural Resource Partners L.P. (NRP)vs › | $1.46B | 81.55% | 84.88% | 87.97% | 89.16% |
| Nextdecade Corp (NEXT)vs › | $1.83B | 0.00% | 0.00% | 0.00% | 0.00% |
| HighPeak Energy, Inc. (HPK)vs › | $1.04B | 20.70% | 27.96% | 40.39% | 32.03% |
| Sunrun Inc. (RUN)vs › | $1.86B | 34.54% | 21.46% | 15.75% | 16.26% |
| ProFrac Holding Corp. (ACDC)vs › | $879.94M | 4.57% | 7.62% | 15.33% | 10.56% |
| HMH Holding Inc. Class A Common Stock (HMH)vs › | $845.50M | 33.24% | 31.09% | 30.42% | 30.42% |
| New Fortress Energy Inc. Series A Mandatorily Convertible Preferred Stock (NFEGP)vs › | $797.85M | N/A | N/A | N/A | N/A |
| Canadian Solar Inc. (CSIQ)vs › | $786.24M | 16.43% | 17.51% | 17.18% | 17.64% |
Gross Margin
31.9%
(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 | 30.31% |
| 2026-03-31 | 29.18% |
| 2025-12-31 | 31.63% |
| 2025-09-30 | 37.00% |
| 2025-06-30 | 37.17% |
| 2025-03-31 | 35.02% |
| 2024-12-31 | 37.56% |
| 2024-09-30 | 24.84% |
| 2024-06-30 | 40.30% |
| 2024-03-31 | 40.15% |
| 2023-12-31 | 42.46% |
| 2023-09-30 | 10.54% |
| 2023-06-30 | 42.38% |
| 2023-03-31 | 45.92% |
| 2022-12-31 | 42.66% |
| 2022-09-30 | 39.69% |
| 2022-06-30 | 38.91% |
| 2022-03-31 | 38.68% |
| 2021-12-31 | 33.14% |
| 2021-09-30 | 36.38% |
| 2021-06-30 | 43.83% |
| 2021-03-31 | 41.17% |
| 2020-12-31 | 38.30% |
| 2020-09-30 | 39.33% |
| 2020-06-30 | 38.75% |
| 2020-03-31 | 34.82% |
| 2019-12-31 | 32.93% |
