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 22.76% is 39% below its 5-year average of 37.04%, near the high end of its 5-year range (-48.81%–52.59%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.85% below its 12-month average of 23.42%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
22.76%
GROSS MARGIN AVG TTM
23.42%
GROSS MARGIN AVG 3Y
44.93%
GROSS MARGIN AVG 5Y
41.33%
GROSS MARGIN AVG 10Y
41.17%
GROSS MARGIN AVG 15Y
39.68%
GROSS MARGIN AVG 20Y
41.86%
CURRENT VS TTM AVG
-2.85%
CURRENT VS 3Y AVG
-49.35%
CURRENT VS 5Y AVG
-44.94%
CURRENT VS 10Y AVG
-44.72%
CURRENT VS 15Y AVG
-42.65%
CURRENT VS 20Y AVG
-45.64%
SECTOR MEDIAN · UTILITIES
31.81%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
-28.46%
vs the sector median at left
Market Cap
$53.09B
Gross Margin
29.91%
TTM Avg
39.10%
3Y Avg
40.10%
5Y Avg
41.00%
Market Cap
$41.63B
Gross Margin
65.01%
TTM Avg
63.01%
3Y Avg
62.04%
5Y Avg
63.18%
Market Cap
$39.77B
Gross Margin
69.00%
TTM Avg
51.70%
3Y Avg
43.23%
5Y Avg
39.92%
Market Cap
$62.52B
Gross Margin
49.41%
TTM Avg
48.45%
3Y Avg
47.75%
5Y Avg
48.31%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Xcel Energy Inc. (XEL) | $50.98B | 22.76% | 23.42% | 44.93% | 41.33% |
| Entergy Corporation (ETR)vs › | $53.09B | 29.91% | 39.10% | 40.10% | 41.00% |
| Exelon Corporation (EXC)vs › | $48.63B | 24.11% | 34.38% | 37.99% | 36.64% |
| PG&E Corporation (PCG)vs › | $47.84B | 19.59% | 28.55% | 21.46% | 17.84% |
| Vistra Corp. (VST)vs › | $55.09B | 12.72% | 28.61% | 27.97% | 22.49% |
| Consolidated Edison, Inc. (ED)vs › | $41.63B | 65.01% | 63.01% | 62.04% | 63.18% |
| Sempra (SRE)vs › | $60.79B | 30.61% | 28.17% | 26.70% | 27.26% |
| Public Service Enterprise Group Incorporated (PEG)vs › | $39.77B | 69.00% | 51.70% | 43.23% | 39.92% |
| Dominion Energy, Inc. (D)vs › | $62.52B | 49.41% | 48.45% | 47.75% | 48.31% |
| WEC Energy Group, Inc. (WEC)vs › | $37.71B | 55.74% | 47.28% | 42.36% | 40.91% |
Gross Margin
22.8%
(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 | 22.76% |
| 2025-12-31 | -48.81% |
| 2025-09-30 | 52.59% |
| 2025-06-30 | 47.43% |
| 2025-03-31 | 43.14% |
| 2024-12-31 | 41.28% |
| 2024-09-30 | 51.13% |
| 2024-06-30 | 45.97% |
| 2024-03-31 | 43.98% |
| 2023-12-31 | 44.39% |
| 2023-09-30 | 49.45% |
| 2023-06-30 | 39.15% |
| 2023-03-31 | 35.71% |
| 2022-12-31 | 33.75% |
| 2022-09-30 | 43.85% |
| 2022-06-30 | 39.92% |
| 2022-03-31 | 35.59% |
| 2021-12-31 | 36.01% |
| 2021-09-30 | 45.92% |
| 2021-06-30 | 38.92% |
| 2021-03-31 | 35.70% |
| 2020-12-31 | 39.26% |
| 2020-09-30 | 48.93% |
| 2020-06-30 | 42.88% |
| 2020-03-31 | 40.59% |
| 2019-12-31 | 39.64% |
| 2019-09-30 | 47.03% |
| 2019-06-30 | 40.98% |
| 2019-03-31 | 36.33% |
| 2018-12-31 | 34.55% |
| 2018-09-30 | 44.23% |
| 2018-06-30 | 38.86% |
| 2018-03-31 | 36.56% |
| 2017-12-31 | 35.91% |
| 2017-09-30 | 46.50% |
| 2017-06-30 | 39.02% |
| 2017-03-31 | 36.22% |
| 2016-12-31 | 35.64% |
| 2016-09-30 | 43.97% |
| 2016-06-30 | 37.94% |
| 2016-03-31 | 36.53% |
| 2015-12-31 | 34.75% |
| 2015-09-30 | 42.96% |
| 2015-06-30 | 35.04% |
| 2015-03-31 | 31.86% |
| 2014-12-31 | 28.64% |
| 2014-09-30 | 38.83% |
| 2014-06-30 | 31.27% |
| 2014-03-31 | 29.42% |
| 2013-12-31 | 27.48% |
| 2013-09-30 | 37.79% |
| 2013-06-30 | 31.36% |
| 2013-03-31 | 31.65% |
| 2012-12-31 | -33.54% |
| 2012-09-30 | 41.44% |
| 2012-06-30 | 34.76% |
| 2012-03-31 | 30.18% |
| 2011-12-31 | 49.43% |
| 2011-09-30 | 56.05% |
| 2011-06-30 | 52.45% |
| 2011-03-31 | 47.34% |
| 2010-12-31 | 48.50% |
| 2010-09-30 | 54.88% |
| 2010-06-30 | 51.57% |
| 2010-03-31 | 43.82% |
| 2009-12-31 | 45.26% |
| 2009-09-30 | 54.26% |
| 2009-06-30 | 53.00% |
| 2009-03-31 | 43.54% |
| 2008-12-31 | 40.52% |
| 2008-09-30 | 41.29% |
| 2008-06-30 | 39.24% |
| 2008-03-31 | 64.07% |
| 2007-12-31 | 41.55% |
| 2007-09-30 | 50.37% |
| 2007-06-30 | 44.80% |
| 2007-03-31 | 64.56% |
| 2006-12-31 | 59.61% |
| 2006-09-30 | 51.86% |
| 2006-06-30 | 54.13% |
| 2006-03-31 | 65.56% |
| 2005-12-31 | 60.92% |
| 2005-09-30 | 50.96% |
| 2005-06-30 | 55.80% |
| 2005-03-31 | 68.15% |
| 2004-12-31 | 66.80% |
| 2004-09-30 | 54.99% |
| 2004-06-30 | 58.99% |
| 2004-03-31 | 69.99% |
| 2003-12-31 | 66.35% |
| 2003-09-30 | 59.31% |
| 2003-06-30 | 62.67% |
| 2003-03-31 | 71.47% |
| 2002-12-31 | -20.93% |
| 2002-09-30 | 74.99% |
| 2002-06-30 | 75.54% |
