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 11.33% is 77% above its 5-year average of 6.41%, around the middle of its 5-year range (1.64%–19.50%).
17.36% above its 12-month average of 9.65%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
11.33%
GROSS MARGIN AVG TTM
9.65%
GROSS MARGIN AVG 3Y
5.72%
GROSS MARGIN AVG 5Y
6.41%
GROSS MARGIN AVG 10Y
5.11%
GROSS MARGIN AVG 15Y
5.37%
GROSS MARGIN AVG 20Y
5.68%
CURRENT VS TTM AVG
+17.36%
CURRENT VS 3Y AVG
+97.97%
CURRENT VS 5Y AVG
+76.71%
CURRENT VS 10Y AVG
+121.70%
CURRENT VS 15Y AVG
+110.91%
CURRENT VS 20Y AVG
+99.46%
SECTOR MEDIAN · ENERGY
30.48%
median of 49 covered companies
CURRENT VS SECTOR MEDIAN
-62.83%
vs the sector median at left
Valero Energy Corporation
Market Cap
$106.74B
Gross Margin
11.33%
TTM Avg
9.65%
3Y Avg
5.72%
5Y Avg
6.41%
Market Cap
$105.24B
Gross Margin
21.29%
TTM Avg
35.30%
3Y Avg
33.06%
5Y Avg
27.47%
Market Cap
$113.53B
Gross Margin
11.62%
TTM Avg
7.12%
3Y Avg
9.52%
5Y Avg
7.42%
Market Cap
$90.70B
Gross Margin
42.86%
TTM Avg
50.78%
3Y Avg
53.52%
5Y Avg
52.60%
Market Cap
$84.25B
Gross Margin
13.25%
TTM Avg
13.23%
3Y Avg
12.88%
5Y Avg
14.52%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Valero Energy Corporation (VLO) | $106.74B | 11.33% | 9.65% | 5.72% | 6.41% |
| Canadian Natural Resources Limited (CNQ)vs › | $105.24B | 21.29% | 35.30% | 33.06% | 27.47% |
| Phillips 66 (PSX)vs › | $102.27B | 9.78% | 4.16% | 5.87% | 4.46% |
| Marathon Petroleum Corporation (MPC)vs › | $113.53B | 11.62% | 7.12% | 9.52% | 7.42% |
| The Williams Companies, Inc. (WMB)vs › | $90.70B | 42.86% | 50.78% | 53.52% | 52.60% |
| Slb N.V. (SLB)vs › | $85.35B | 16.53% | 19.38% | 19.24% | 17.32% |
| Enterprise Products Partners L.P. (EPD)vs › | $84.25B | 13.25% | 13.23% | 12.88% | 14.52% |
| Suncor Energy Inc. (SU)vs › | $79.50B | 54.01% | 58.87% | 59.64% | 59.36% |
| Eni S.p.A. (E)vs › | $77.62B | 9.89% | 11.21% | 14.28% | 13.96% |
| EOG Resources, Inc. (EOG)vs › | $77.33B | 70.20% | 71.91% | 76.49% | 71.49% |
Gross Margin
11.3%
(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 | 19.50% |
| 2026-03-31 | 8.89% |
| 2025-12-31 | 10.28% |
| 2025-09-30 | 5.51% |
| 2025-06-30 | 4.09% |
| 2025-03-31 | 1.64% |
| 2024-12-31 | 2.01% |
| 2024-09-30 | 2.26% |
| 2024-06-30 | 4.14% |
| 2024-03-31 | 6.21% |
| 2023-12-31 | 5.26% |
| 2023-09-30 | 9.79% |
| 2023-06-30 | 8.61% |
| 2023-03-31 | 11.79% |
| 2022-12-31 | 11.17% |
| 2022-09-30 | 9.03% |
| 2022-06-30 | 12.52% |
| 2022-03-31 | 4.17% |
| 2021-12-31 | 5.29% |
| 2021-09-30 | 3.07% |
| 2021-06-30 | 2.51% |
| 2021-03-31 | -2.02% |
| 2020-12-31 | -1.45% |
| 2020-09-30 | -2.59% |
| 2020-06-30 | 18.86% |
| 2020-03-31 | -9.49% |
| 2019-12-31 | 7.13% |
| 2019-09-30 | 4.07% |
| 2019-06-30 | 3.83% |
| 2019-03-31 | 2.14% |
| 2018-12-31 | 5.34% |
| 2018-09-30 | 4.66% |
| 2018-06-30 | 4.91% |
| 2018-03-31 | 3.97% |
| 2017-12-31 | 4.20% |
| 2017-09-30 | 6.84% |
| 2017-06-30 | 4.71% |
| 2017-03-31 | 3.34% |
| 2016-12-31 | 4.00% |
| 2016-09-30 | 5.52% |
| 2016-06-30 | 7.38% |
| 2016-03-31 | 12.82% |
| 2015-12-31 | 4.54% |
| 2015-09-30 | 10.27% |
| 2015-06-30 | 8.98% |
| 2015-03-31 | 7.70% |
| 2014-12-31 | 7.21% |
| 2014-09-30 | 5.38% |
| 2014-06-30 | 3.59% |
| 2014-03-31 | 4.49% |
| 2013-12-31 | 5.06% |
| 2013-09-30 | 1.94% |
| 2013-06-30 | 3.06% |
| 2013-03-31 | 3.70% |
| 2012-12-31 | 5.28% |
| 2012-09-30 | 5.26% |
| 2012-06-30 | 4.42% |
| 2012-03-31 | 1.51% |
| 2011-12-31 | 0.85% |
| 2011-09-30 | 7.50% |
| 2011-06-30 | 5.84% |
| 2011-03-31 | 2.81% |
| 2010-12-31 | 1.81% |
| 2010-09-30 | 5.74% |
| 2010-06-30 | 7.38% |
| 2010-03-31 | 3.03% |
| 2009-12-31 | 4.08% |
| 2009-09-30 | 2.37% |
| 2009-06-30 | 2.05% |
| 2009-03-31 | 8.67% |
| 2008-12-31 | 10.01% |
| 2008-09-30 | 6.33% |
| 2008-06-30 | 5.01% |
| 2008-03-31 | 4.16% |
| 2007-12-31 | 7.52% |
| 2007-09-30 | 7.01% |
| 2007-06-30 | 15.43% |
| 2007-03-31 | 11.38% |
| 2006-12-31 | 10.76% |
| 2006-09-30 | 12.22% |
| 2006-06-30 | 13.19% |
| 2006-03-31 | 9.23% |
| 2005-12-31 | 10.13% |
| 2005-09-30 | 8.04% |
| 2005-06-30 | 9.86% |
| 2005-03-31 | 8.63% |
| 2004-12-31 | 8.22% |
| 2004-09-30 | 7.86% |
| 2004-06-30 | 10.59% |
| 2004-03-31 | 7.46% |
| 2003-12-31 | 6.65% |
| 2003-09-30 | 7.41% |
| 2003-06-30 | 7.21% |
| 2003-03-31 | 7.44% |
| 2002-12-31 | 7.39% |
| 2002-09-30 | 6.60% |
