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 -28.70% is 269% below its 5-year average of 17.02%, near the low end of its 5-year range (-28.70%–43.10%).
As of the fiscal period ended Tuesday, June 30, 2026. 257.71% below its 12-month average of 18.20%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
-28.70%
GROSS MARGIN AVG TTM
18.20%
GROSS MARGIN AVG 3Y
21.39%
GROSS MARGIN AVG 5Y
18.06%
GROSS MARGIN AVG 10Y
13.94%
GROSS MARGIN AVG 15Y
14.03%
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-257.71%
CURRENT VS 3Y AVG
-234.16%
CURRENT VS 5Y AVG
-258.94%
CURRENT VS 10Y AVG
-305.84%
CURRENT VS 15Y AVG
-304.58%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
28.15%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-201.95%
vs the sector median at left
Targa Resources Corp.
Market Cap
$55.14B
Gross Margin
-28.70%
TTM Avg
18.20%
3Y Avg
21.39%
5Y Avg
18.06%
Market Cap
$55.61B
Gross Margin
33.78%
TTM Avg
34.70%
3Y Avg
37.70%
5Y Avg
30.44%
Market Cap
$52.90B
Gross Margin
35.16%
TTM Avg
40.13%
3Y Avg
51.96%
5Y Avg
48.96%
Market Cap
$61.10B
Gross Margin
23.57%
TTM Avg
23.45%
3Y Avg
23.37%
5Y Avg
22.28%
Market Cap
$42.42B
Gross Margin
29.79%
TTM Avg
30.32%
3Y Avg
25.84%
5Y Avg
20.67%
Market Cap
$68.70B
Gross Margin
43.66%
TTM Avg
40.16%
3Y Avg
35.59%
5Y Avg
35.99%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Targa Resources Corp. (TRGP) | $55.14B | -28.70% | 18.20% | 21.39% | 18.06% |
| Occidental Petroleum Corporation (OXY)vs › | $55.61B | 33.78% | 34.70% | 37.70% | 30.44% |
| ONEOK, Inc. (OKE)vs › | $54.46B | 23.95% | 22.40% | 22.74% | 22.07% |
| Diamondback Energy, Inc. (FANG)vs › | $52.90B | 35.16% | 40.13% | 51.96% | 48.96% |
| Baker Hughes Company (BKR)vs › | $61.10B | 23.57% | 23.45% | 23.37% | 22.28% |
| Cameco Corporation (CCJ)vs › | $42.42B | 29.79% | 30.32% | 25.84% | 20.67% |
| Kinder Morgan, Inc. (KMI)vs › | $68.70B | 43.66% | 40.16% | 35.59% | 35.99% |
| Energy Transfer LP (ET)vs › | $69.27B | 24.11% | 20.38% | 18.28% | 19.90% |
| Suncor Energy Inc. (SU)vs › | $70.96B | 55.48% | 58.87% | 59.64% | 59.36% |
| EOG Resources, Inc. (EOG)vs › | $71.77B | 68.11% | 71.91% | 76.49% | 71.49% |
Gross Margin
-28.7%
(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 | -28.70% |
| 2026-03-31 | 31.12% |
| 2025-12-31 | 43.10% |
| 2025-09-30 | 23.28% |
| 2025-06-30 | 22.18% |
| 2025-03-31 | 19.04% |
| 2024-12-31 | 25.07% |
| 2024-09-30 | 22.25% |
| 2024-06-30 | 21.61% |
| 2024-03-31 | 22.00% |
| 2023-12-31 | 17.07% |
| 2023-09-30 | 15.00% |
| 2023-06-30 | 16.68% |
| 2023-03-31 | 16.18% |
| 2022-12-31 | 19.77% |
| 2022-09-30 | 14.30% |
| 2022-06-30 | 11.22% |
| 2022-03-31 | 11.01% |
| 2021-12-31 | 11.99% |
| 2021-09-30 | 11.37% |
| 2021-06-30 | 11.92% |
| 2021-03-31 | 14.43% |
| 2020-12-31 | 25.03% |
| 2020-09-30 | 15.81% |
| 2020-06-30 | 14.20% |
| 2020-03-31 | 14.13% |
| 2019-12-31 | 13.15% |
| 2019-09-30 | 9.76% |
| 2019-06-30 | 7.38% |
| 2019-03-31 | 5.86% |
| 2018-12-31 | 7.54% |
| 2018-09-30 | 7.53% |
| 2018-06-30 | 7.17% |
| 2018-03-31 | 7.25% |
| 2017-12-31 | 7.73% |
| 2017-09-30 | 5.08% |
| 2017-06-30 | 4.46% |
| 2017-03-31 | 5.77% |
| 2016-12-31 | 6.70% |
| 2016-09-30 | 5.76% |
| 2016-06-30 | 15.93% |
| 2016-03-31 | 16.49% |
| 2015-12-31 | 13.55% |
| 2015-09-30 | 18.01% |
| 2015-06-30 | 17.57% |
| 2015-03-31 | 17.37% |
| 2014-12-31 | 14.77% |
| 2014-09-30 | 13.99% |
| 2014-06-30 | 14.46% |
| 2014-03-31 | 12.75% |
| 2013-12-31 | 13.05% |
| 2013-09-30 | 14.65% |
| 2013-06-30 | 13.84% |
| 2013-03-31 | 14.04% |
| 2012-12-31 | 13.54% |
| 2012-09-30 | 17.26% |
| 2012-06-30 | 18.54% |
| 2012-03-31 | 15.90% |
| 2011-12-31 | 13.42% |
| 2011-09-30 | 13.31% |
| 2011-06-30 | 14.50% |
| 2011-03-31 | 13.44% |
| 2010-12-31 | 14.87% |
| 2010-09-30 | 15.27% |
| 2010-06-30 | 14.69% |
| 2010-03-31 | 12.53% |
| 2009-12-31 | 16.16% |
| 2009-09-30 | 16.82% |
