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 37.71% is 55% above its 5-year average of 24.33%, near the high end of its 5-year range (18.49%–37.71%).
As of the fiscal period ended Tuesday, March 31, 2026. 51.56% above its 12-month average of 24.88%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
37.71%
GROSS MARGIN AVG TTM
24.88%
GROSS MARGIN AVG 3Y
22.63%
GROSS MARGIN AVG 5Y
23.66%
GROSS MARGIN AVG 10Y
22.88%
GROSS MARGIN AVG 15Y
22.64%
GROSS MARGIN AVG 20Y
24.77%
CURRENT VS TTM AVG
+51.56%
CURRENT VS 3Y AVG
+66.60%
CURRENT VS 5Y AVG
+59.38%
CURRENT VS 10Y AVG
+64.82%
CURRENT VS 15Y AVG
+66.52%
CURRENT VS 20Y AVG
+52.21%
SECTOR MEDIAN · ENERGY
29.48%
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+27.89%
vs the sector median at left
Exxon Mobil Corporation
Market Cap
$644.38B
Gross Margin
37.71%
TTM Avg
24.88%
3Y Avg
22.63%
5Y Avg
23.66%
Market Cap
$392.09B
Gross Margin
31.00%
TTM Avg
29.92%
3Y Avg
29.58%
5Y Avg
28.61%
Market Cap
$99.45B
Gross Margin
21.29%
TTM Avg
35.30%
3Y Avg
33.06%
5Y Avg
27.47%
Market Cap
$92.91B
Gross Margin
3.58%
TTM Avg
4.02%
3Y Avg
6.61%
5Y Avg
4.66%
Market Cap
$92.39B
Gross Margin
8.80%
TTM Avg
7.12%
3Y Avg
9.52%
5Y Avg
7.42%
Market Cap
$87.49B
Gross Margin
42.86%
TTM Avg
50.78%
3Y Avg
53.52%
5Y Avg
52.60%
Market Cap
$82.32B
Gross Margin
14.18%
TTM Avg
13.23%
3Y Avg
12.88%
5Y Avg
14.52%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Exxon Mobil Corporation (XOM) | $644.38B | 37.71% | 24.88% | 22.63% | 23.66% |
| Chevron Corporation (CVX)vs › | $392.09B | 31.00% | 29.92% | 29.58% | 28.61% |
| ConocoPhillips (COP)vs › | $146.78B | 29.18% | 26.99% | 30.86% | 25.33% |
| Canadian Natural Resources Limited (CNQ)vs › | $99.45B | 21.29% | 35.30% | 33.06% | 27.47% |
| Valero Energy Corporation (VLO)vs › | $92.91B | 3.58% | 4.02% | 6.61% | 4.66% |
| Marathon Petroleum Corporation (MPC)vs › | $92.39B | 8.80% | 7.12% | 9.52% | 7.42% |
| The Williams Companies, Inc. (WMB)vs › | $87.49B | 42.86% | 50.78% | 53.52% | 52.60% |
| Phillips 66 (PSX)vs › | $84.87B | 7.04% | 4.16% | 5.87% | 4.46% |
| Enterprise Products Partners L.P. (EPD)vs › | $82.32B | 14.18% | 13.23% | 12.88% | 14.52% |
| Eni S.p.A. (E)vs › | $80.49B | 5.60% | 11.21% | 14.28% | 13.96% |
Gross Margin
37.7%
(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 |
|---|---|
| 2026-03-31 | 37.71% |
| 2025-12-31 | 18.89% |
| 2025-09-30 | 22.42% |
| 2025-06-30 | 22.58% |
| 2025-03-31 | 22.80% |
| 2024-12-31 | 21.28% |
| 2024-09-30 | 23.23% |
| 2024-06-30 | 22.44% |
| 2024-03-31 | 23.51% |
| 2023-12-31 | 21.67% |
| 2023-09-30 | 25.27% |
| 2023-06-30 | 24.87% |
| 2023-03-31 | 28.65% |
| 2022-12-31 | 28.95% |
| 2022-09-30 | 27.56% |
| 2022-06-30 | 27.43% |
| 2022-03-31 | 18.49% |
| 2021-12-31 | 23.83% |
| 2021-09-30 | 25.65% |
| 2021-06-30 | 23.04% |
| 2021-03-31 | 20.65% |
| 2020-12-31 | -36.28% |
| 2020-09-30 | 20.67% |
| 2020-06-30 | 19.82% |
| 2020-03-31 | 16.21% |
| 2019-12-31 | 21.97% |
| 2019-09-30 | 22.72% |
| 2019-06-30 | 21.33% |
| 2019-03-31 | 21.58% |
| 2018-12-31 | 23.83% |
| 2018-09-30 | 25.15% |
| 2018-06-30 | 23.26% |
| 2018-03-31 | 24.74% |
| 2017-12-31 | 31.50% |
| 2017-09-30 | 25.42% |
| 2017-06-30 | 23.42% |
| 2017-03-31 | 24.84% |
| 2016-12-31 | 13.66% |
| 2016-09-30 | 19.34% |
| 2016-06-30 | 19.34% |
| 2016-03-31 | 19.65% |
| 2015-12-31 | 18.79% |
| 2015-09-30 | 21.98% |
| 2015-06-30 | 20.18% |
| 2015-03-31 | 20.85% |
| 2014-12-31 | 20.22% |
| 2014-09-30 | 20.64% |
| 2014-06-30 | 19.75% |
| 2014-03-31 | 21.47% |
| 2013-12-31 | 20.98% |
| 2013-09-30 | 20.68% |
| 2013-06-30 | 20.51% |
| 2013-03-31 | 21.85% |
| 2012-12-31 | 0.05% |
| 2012-09-30 | 22.59% |
| 2012-06-30 | 21.90% |
| 2012-03-31 | 22.80% |
| 2011-12-31 | 26.97% |
| 2011-09-30 | 27.54% |
| 2011-06-30 | 34.49% |
| 2011-03-31 | 29.27% |
| 2010-12-31 | 9.20% |
| 2010-09-30 | 29.97% |
| 2010-06-30 | 29.31% |
| 2010-03-31 | 29.28% |
| 2009-12-31 | 36.70% |
| 2009-09-30 | 38.22% |
| 2009-06-30 | 30.65% |
| 2009-03-31 | 34.91% |
| 2008-12-31 | 43.41% |
| 2008-09-30 | 38.35% |
| 2008-06-30 | 30.01% |
| 2008-03-31 | 32.70% |
| 2007-12-31 | 40.51% |
| 2007-09-30 | 41.17% |
| 2007-06-30 | 43.41% |
| 2007-03-31 | 45.43% |
| 2006-12-31 | 44.26% |
| 2006-09-30 | 42.99% |
| 2006-06-30 | 43.68% |
| 2006-03-31 | 43.22% |
| 2005-12-31 | 42.68% |
| 2005-09-30 | 41.29% |
| 2005-06-30 | 42.01% |
| 2005-03-31 | 44.46% |
| 2004-12-31 | 45.72% |
| 2004-09-30 | 43.49% |
| 2004-06-30 | 44.98% |
| 2004-03-31 | 46.39% |
| 2003-12-31 | 48.66% |
| 2003-09-30 | 45.23% |
| 2003-06-30 | 47.99% |
| 2003-03-31 | 47.37% |
| 2002-12-31 | 45.88% |
| 2002-09-30 | 44.21% |
| 2002-06-30 | 46.74% |
