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 34.99% is 39% below its 2-year average of 57.82%, near the low end of its 2-year range (34.99%–70.63%).
As of the fiscal period ended Tuesday, March 31, 2026. 26.10% below its 12-month average of 47.34%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
34.99%
GROSS MARGIN AVG TTM
47.34%
GROSS MARGIN AVG 3Y
N/A
GROSS MARGIN AVG 5Y
N/A
GROSS MARGIN AVG 10Y
N/A
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-26.10%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
27.70%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+26.28%
vs the sector median at left
Market Cap
$26.86B
Gross Margin
85.46%
TTM Avg
87.68%
3Y Avg
90.69%
5Y Avg
90.91%
Market Cap
$26.51B
Gross Margin
22.13%
TTM Avg
27.55%
3Y Avg
33.48%
5Y Avg
28.70%
Market Cap
$24.72B
Gross Margin
39.00%
TTM Avg
39.05%
3Y Avg
47.66%
5Y Avg
46.04%
Market Cap
$21.18B
Gross Margin
53.38%
TTM Avg
36.77%
3Y Avg
52.41%
5Y Avg
42.45%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Venture Global, Inc. (VG) | $29.72B | 34.99% | 47.34% | N/A | N/A |
| Tenaris S.A. (TS)vs › | $29.85B | 34.29% | 34.72% | 37.72% | 33.46% |
| EQT Corporation (EQT)vs › | $32.31B | 48.86% | 31.77% | 37.13% | 38.84% |
| Texas Pacific Land Corporation (TPL)vs › | $26.86B | 85.46% | 87.68% | 90.69% | 90.91% |
| Devon Energy Corporation (DVN)vs › | $26.51B | 22.13% | 27.55% | 33.48% | 28.70% |
| Halliburton Company (HAL)vs › | $26.09B | 15.99% | 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 › | $37.87B | 29.79% | 30.32% | 25.84% | 20.67% |
| Expand Energy Corporation (EXE)vs › | $21.18B | 53.38% | 36.77% | 52.41% | 42.45% |
| APA Corporation (APA)vs › | $12.35B | 37.32% | 40.75% | 47.26% | 42.30% |
Gross Margin
35.0%
(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 | 34.99% |
| 2025-12-31 | 48.39% |
| 2025-09-30 | 51.76% |
| 2025-06-30 | 45.63% |
| 2025-03-31 | 55.94% |
| 2024-12-31 | 66.73% |
| 2024-09-30 | 70.63% |
| 2024-06-30 | 66.61% |
| 2024-03-31 | 69.24% |
| 2023-12-31 | 65.81% |
| 2023-09-30 | 60.25% |
