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 20.29% is in line with its 5-year average of 19.88%, around the middle of its 5-year range (14.18%–27.07%).
4.64% above its 12-month average of 19.39%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 20.22%.
GROSS MARGIN
20.29%
GROSS MARGIN AVG TTM
19.39%
GROSS MARGIN AVG 3Y
18.36%
GROSS MARGIN AVG 5Y
19.88%
GROSS MARGIN AVG 10Y
21.31%
GROSS MARGIN AVG 15Y
20.94%
GROSS MARGIN AVG 20Y
21.52%
CURRENT VS TTM AVG
+4.64%
CURRENT VS 3Y AVG
+10.50%
CURRENT VS 5Y AVG
+2.07%
CURRENT VS 10Y AVG
-4.77%
CURRENT VS 15Y AVG
-3.09%
CURRENT VS 20Y AVG
-5.71%
SECTOR MEDIAN · UTILITIES
41.05%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-50.57%
vs the sector median at left
The AES Corporation
Market Cap
$10.59B
Gross Margin
20.29%
TTM Avg
19.39%
3Y Avg
18.36%
5Y Avg
19.88%
Market Cap
$11.39B
Gross Margin
25.41%
TTM Avg
33.55%
3Y Avg
36.47%
5Y Avg
39.35%
Market Cap
$8.99B
Gross Margin
24.45%
TTM Avg
36.47%
3Y Avg
51.03%
5Y Avg
56.24%
Market Cap
$13.30B
Gross Margin
44.57%
TTM Avg
35.08%
3Y Avg
36.33%
5Y Avg
31.78%
Market Cap
$5.36B
Gross Margin
42.92%
TTM Avg
38.98%
3Y Avg
35.60%
5Y Avg
36.73%
Market Cap
$16.98B
Gross Margin
42.04%
TTM Avg
42.41%
3Y Avg
42.13%
5Y Avg
42.29%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The AES Corporation (AES) | $10.59B | 20.29% | 19.39% | 18.36% | 19.88% |
| Pinnacle West Capital Corporation (PNW)vs › | $11.39B | 25.41% | 33.55% | 36.47% | 39.35% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $8.99B | 24.45% | 36.47% | 51.03% | 56.24% |
| UGI Corporation (UGI)vs › | $8.12B | 46.72% | 50.45% | 41.03% | 46.83% |
| Talen Energy Corporation (TLN)vs › | $13.30B | 44.57% | 35.08% | 36.33% | 31.78% |
| Oklo Inc. (OKLO)vs › | $6.58B | 0.00% | 0.00% | 0.00% | 0.00% |
| Black Hills Corporation (BKH)vs › | $5.36B | 42.92% | 38.98% | 35.60% | 36.73% |
| Alliant Energy Corporation (LNT)vs › | $16.98B | 42.04% | 42.41% | 42.13% | 42.29% |
| Avista Corporation (AVA)vs › | $3.04B | 24.19% | 41.51% | 49.97% | 55.86% |
| Evergy, Inc. (EVRG)vs › | $18.40B | 40.06% | 32.42% | 31.07% | 31.02% |
Gross Margin
20.3%
(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 | 20.22% |
| 2026-03-31 | 20.13% |
| 2025-12-31 | 18.77% |
| 2025-09-30 | 21.93% |
| 2025-06-30 | 15.90% |
| 2025-03-31 | 15.04% |
| 2024-12-31 | 14.18% |
| 2024-09-30 | 21.92% |
| 2024-06-30 | 18.80% |
| 2024-03-31 | 20.10% |
| 2023-12-31 | 16.68% |
| 2023-09-30 | 26.70% |
| 2023-06-30 | 16.67% |
| 2023-03-31 | 18.37% |
| 2022-12-31 | 18.14% |
| 2022-09-30 | 24.73% |
| 2022-06-30 | 18.32% |
| 2022-03-31 | 18.65% |
| 2021-12-31 | 20.14% |
| 2021-09-30 | 24.99% |
| 2021-06-30 | 27.07% |
| 2021-03-31 | 25.24% |
| 2020-12-31 | 35.39% |
| 2020-09-30 | 29.74% |
| 2020-06-30 | 23.58% |
| 2020-03-31 | 21.73% |
| 2019-12-31 | 23.11% |
| 2019-09-30 | 26.74% |
| 2019-06-30 | 20.26% |
| 2019-03-31 | 22.45% |
| 2018-12-31 | 24.64% |
| 2018-09-30 | 23.71% |
| 2018-06-30 | 23.72% |
| 2018-03-31 | 24.09% |
| 2017-12-31 | 24.28% |
| 2017-09-30 | 23.50% |
| 2017-06-30 | 23.80% |
| 2017-03-31 | 17.03% |
| 2016-12-31 | 18.37% |
| 2016-09-30 | 19.45% |
| 2016-06-30 | 19.34% |
| 2016-03-31 | 17.03% |
| 2015-12-31 | 18.37% |
| 2015-09-30 | 19.45% |
| 2015-06-30 | 20.65% |
| 2015-03-31 | 19.19% |
| 2014-12-31 | 17.13% |
| 2014-09-30 | 17.27% |
| 2014-06-30 | 19.00% |
| 2014-03-31 | 18.63% |
| 2013-12-31 | 17.63% |
| 2013-09-30 | 23.20% |
| 2013-06-30 | 22.84% |
| 2013-03-31 | 18.05% |
| 2012-12-31 | 20.34% |
| 2012-09-30 | 22.20% |
| 2012-06-30 | 16.95% |
| 2012-03-31 | 23.38% |
| 2011-12-31 | 26.82% |
| 2011-09-30 | 23.45% |
| 2011-06-30 | 22.37% |
| 2011-03-31 | 23.89% |
| 2010-12-31 | 22.96% |
| 2010-09-30 | 24.24% |
| 2010-06-30 | 25.54% |
| 2010-03-31 | 24.52% |
| 2009-12-31 | 22.21% |
| 2009-09-30 | 26.48% |
| 2009-06-30 | 24.40% |
| 2009-03-31 | 26.19% |
| 2008-12-31 | 100.00% |
| 2008-09-30 | 22.27% |
| 2008-06-30 | 24.94% |
| 2008-03-31 | 25.53% |
| 2007-12-31 | 100.00% |
| 2007-09-30 | 100.00% |
| 2007-06-30 | 100.00% |
| 2007-03-31 | 100.00% |
| 2006-12-31 | 100.00% |
| 2006-09-30 | 100.00% |
| 2006-06-30 | 100.00% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 100.00% |
| 2005-09-30 | 100.00% |
| 2005-06-30 | 100.00% |
| 2005-03-31 | 100.00% |
| 2004-12-31 | 100.00% |
| 2004-09-30 | 100.00% |
| 2004-06-30 | 100.00% |
| 2004-03-31 | 100.00% |
| 2003-12-31 | 100.00% |
| 2003-09-30 | 100.00% |
| 2003-06-30 | 100.00% |
| 2003-03-31 | 100.00% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
