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 33.87% is in line with its 5-year average of 35.66%, around the middle of its 5-year range (25.28%–44.36%).
As of the fiscal period ended Tuesday, March 31, 2026. 1.21% below its 12-month average of 34.28%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
33.87%
GROSS MARGIN AVG TTM
34.28%
GROSS MARGIN AVG 3Y
35.26%
GROSS MARGIN AVG 5Y
36.18%
GROSS MARGIN AVG 10Y
31.90%
GROSS MARGIN AVG 15Y
34.06%
GROSS MARGIN AVG 20Y
36.20%
CURRENT VS TTM AVG
-1.21%
CURRENT VS 3Y AVG
-3.95%
CURRENT VS 5Y AVG
-6.39%
CURRENT VS 10Y AVG
+6.17%
CURRENT VS 15Y AVG
-0.56%
CURRENT VS 20Y AVG
-6.45%
SECTOR MEDIAN · ENERGY
29.48%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+14.87%
vs the sector median at left
Market Cap
$27.69B
Gross Margin
22.13%
TTM Avg
27.55%
3Y Avg
33.48%
5Y Avg
28.70%
Market Cap
$27.64B
Gross Margin
85.46%
TTM Avg
87.68%
3Y Avg
90.69%
5Y Avg
90.91%
Market Cap
$24.72B
Gross Margin
39.00%
TTM Avg
39.05%
3Y Avg
47.66%
5Y Avg
46.04%
Market Cap
$21.91B
Gross Margin
46.51%
TTM Avg
36.77%
3Y Avg
52.41%
5Y Avg
42.45%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tenaris S.A. (TS) | $30.51B | 33.87% | 34.28% | 35.26% | 36.18% |
| Venture Global, Inc. (VG)vs › | $32.24B | 44.58% | 57.82% | 64.86% | 51.88% |
| Devon Energy Corporation (DVN)vs › | $27.69B | 22.13% | 27.55% | 33.48% | 28.70% |
| EQT Corporation (EQT)vs › | $33.30B | 48.86% | 31.77% | 37.13% | 38.84% |
| Texas Pacific Land Corporation (TPL)vs › | $27.64B | 85.46% | 87.68% | 90.69% | 90.91% |
| Halliburton Company (HAL)vs › | $26.75B | 15.11% | 17.23% | 17.34% | 14.96% |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 39.00% | 39.05% | 47.66% | 46.04% |
| Cameco Corporation (CCJ)vs › | $38.88B | 29.79% | 30.32% | 25.84% | 20.67% |
| Expand Energy Corporation (EXE)vs › | $21.91B | 46.51% | 36.77% | 52.41% | 42.45% |
| APA Corporation (APA)vs › | $13.18B | 37.32% | 40.75% | 47.26% | 42.30% |
Gross Margin
33.9%
(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 |
|---|---|
| 2026-03-31 | 33.87% |
| 2025-12-31 | 33.89% |
| 2025-09-30 | 34.65% |
| 2025-06-30 | 34.74% |
| 2025-03-31 | 34.27% |
| 2024-12-31 | 32.44% |
| 2024-09-30 | 33.61% |
| 2024-06-30 | 35.47% |
| 2024-03-31 | 37.99% |
| 2023-12-31 | 37.90% |
| 2023-09-30 | 39.05% |
| 2023-06-30 | 44.36% |
| 2023-03-31 | 44.27% |
| 2022-12-31 | 42.99% |
| 2022-09-30 | 40.62% |
| 2022-06-30 | 38.03% |
| 2022-03-31 | 35.70% |
| 2021-12-31 | 31.93% |
| 2021-09-30 | 30.75% |
| 2021-06-30 | 27.13% |
| 2021-03-31 | 25.28% |
| 2020-12-31 | 20.80% |
| 2020-09-30 | 15.49% |
| 2020-06-30 | 16.01% |
| 2020-03-31 | 26.59% |
| 2019-12-31 | 28.52% |
| 2019-09-30 | 29.20% |
| 2019-06-30 | 29.99% |
| 2019-03-31 | 32.05% |
| 2018-12-31 | 31.50% |
| 2018-09-30 | 31.26% |
| 2018-06-30 | 31.42% |
| 2018-03-31 | 30.05% |
| 2017-12-31 | 32.21% |
| 2017-09-30 | 29.52% |
| 2017-06-30 | 30.34% |
| 2017-03-31 | 28.60% |
| 2016-12-31 | 27.56% |
| 2016-09-30 | 26.89% |
| 2016-06-30 | 27.29% |
| 2016-03-31 | 26.24% |
| 2015-12-31 | 27.92% |
| 2015-09-30 | 29.67% |
| 2015-06-30 | 29.10% |
| 2015-03-31 | 36.07% |
| 2014-12-31 | 38.00% |
| 2014-09-30 | 37.61% |
| 2014-06-30 | 40.21% |
| 2014-03-31 | 40.81% |
| 2013-12-31 | 40.57% |
| 2013-09-30 | 37.57% |
| 2013-06-30 | 39.40% |
| 2013-03-31 | 38.56% |
| 2012-12-31 | 39.36% |
| 2012-09-30 | 37.56% |
| 2012-06-30 | 39.51% |
| 2012-03-31 | 38.45% |
| 2011-12-31 | 37.36% |
| 2011-09-30 | 37.92% |
| 2011-06-30 | 36.61% |
| 2011-03-31 | 38.28% |
| 2010-12-31 | 38.09% |
| 2010-09-30 | 38.21% |
| 2010-06-30 | 40.28% |
| 2010-03-31 | 39.77% |
| 2009-12-31 | 37.39% |
| 2009-09-30 | 39.02% |
| 2009-06-30 | 39.66% |
| 2009-03-31 | 43.64% |
| 2008-12-31 | 47.19% |
| 2008-09-30 | 44.04% |
| 2008-06-30 | 41.46% |
| 2008-03-31 | 42.86% |
| 2007-12-31 | 44.43% |
| 2007-09-30 | 43.08% |
| 2007-06-30 | 46.07% |
| 2007-03-31 | 46.75% |
| 2006-12-31 | 55.81% |
| 2006-09-30 | 48.90% |
| 2006-06-30 | 48.07% |
| 2006-03-31 | 45.46% |
| 2005-12-31 | 43.59% |
| 2005-09-30 | 41.30% |
| 2005-06-30 | 40.16% |
| 2005-03-31 | 40.46% |
| 2004-12-31 | 34.19% |
| 2004-09-30 | 36.33% |
| 2004-06-30 | 32.02% |
| 2004-03-31 | 27.80% |
| 2003-12-31 | 29.57% |
| 2003-09-30 | 33.02% |
| 2003-06-30 | 30.47% |
| 2003-03-31 | 29.26% |
