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 27.68% is 15% below its 5-year average of 32.58%, around the middle of its 5-year range (19.24%–42.83%).
4.54% above its 12-month average of 26.48%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 36.72%.
GROSS MARGIN
27.68%
GROSS MARGIN AVG TTM
26.48%
GROSS MARGIN AVG 3Y
29.96%
GROSS MARGIN AVG 5Y
32.58%
GROSS MARGIN AVG 10Y
26.87%
GROSS MARGIN AVG 15Y
25.03%
GROSS MARGIN AVG 20Y
26.64%
CURRENT VS TTM AVG
+4.54%
CURRENT VS 3Y AVG
-7.62%
CURRENT VS 5Y AVG
-15.05%
CURRENT VS 10Y AVG
+3.02%
CURRENT VS 15Y AVG
+10.60%
CURRENT VS 20Y AVG
+3.91%
SECTOR MEDIAN · ENERGY
30.57%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-9.45%
vs the sector median at left
Market Cap
$116.61B
Gross Margin
11.62%
TTM Avg
7.12%
3Y Avg
9.52%
5Y Avg
7.42%
Market Cap
$111.99B
Gross Margin
11.33%
TTM Avg
4.02%
3Y Avg
6.61%
5Y Avg
4.66%
Market Cap
$107.10B
Gross Margin
21.29%
TTM Avg
35.30%
3Y Avg
33.06%
5Y Avg
27.47%
Market Cap
$91.92B
Gross Margin
42.86%
TTM Avg
50.78%
3Y Avg
53.52%
5Y Avg
52.60%
Market Cap
$85.07B
Gross Margin
13.25%
TTM Avg
13.23%
3Y Avg
12.88%
5Y Avg
14.52%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ConocoPhillips (COP) | $166.33B | 27.68% | 26.48% | 29.96% | 32.58% |
| TotalEnergies SE (TTE)vs › | $204.08B | 30.66% | 28.41% | 29.04% | 26.78% |
| Marathon Petroleum Corporation (MPC)vs › | $116.61B | 11.62% | 7.12% | 9.52% | 7.42% |
| Valero Energy Corporation (VLO)vs › | $111.99B | 11.33% | 4.02% | 6.61% | 4.66% |
| Canadian Natural Resources Limited (CNQ)vs › | $107.10B | 21.29% | 35.30% | 33.06% | 27.47% |
| Phillips 66 (PSX)vs › | $104.56B | 9.78% | 4.16% | 5.87% | 4.46% |
| The Williams Companies, Inc. (WMB)vs › | $91.92B | 42.86% | 50.78% | 53.52% | 52.60% |
| Enterprise Products Partners L.P. (EPD)vs › | $85.07B | 13.25% | 13.23% | 12.88% | 14.52% |
| Slb N.V. (SLB)vs › | $84.67B | 16.53% | 19.38% | 19.24% | 17.32% |
| Suncor Energy Inc. (SU)vs › | $81.50B | 54.01% | 58.87% | 59.64% | 59.36% |
Gross Margin
27.7%
(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 |
|---|---|
| 2026-06-30 | 36.72% |
| 2026-03-31 | 27.26% |
| 2025-12-31 | 19.24% |
| 2025-09-30 | 24.12% |
| 2025-06-30 | 25.06% |
| 2025-03-31 | 30.74% |
| 2024-12-31 | 29.42% |
| 2024-09-30 | 27.93% |
| 2024-06-30 | 31.31% |
| 2024-03-31 | 30.96% |
| 2023-12-31 | 32.55% |
| 2023-09-30 | 32.40% |
| 2023-06-30 | 31.08% |
| 2023-03-31 | 33.43% |
| 2022-12-31 | 32.00% |
| 2022-09-30 | 38.50% |
| 2022-06-30 | 39.58% |
| 2022-03-31 | 42.83% |
| 2021-12-31 | 35.03% |
| 2021-09-30 | 36.08% |
| 2021-06-30 | 34.66% |
| 2021-03-31 | 21.11% |
| 2020-12-31 | 6.21% |
| 2020-09-30 | 3.94% |
| 2020-06-30 | -21.32% |
| 2020-03-31 | 14.83% |
| 2019-12-31 | 27.70% |
| 2019-09-30 | 27.71% |
| 2019-06-30 | 29.81% |
| 2019-03-31 | 29.05% |
| 2018-12-31 | 28.00% |
| 2018-09-30 | 32.36% |
| 2018-06-30 | 31.62% |
| 2018-03-31 | 28.43% |
| 2017-12-31 | 21.27% |
| 2017-09-30 | 13.94% |
| 2017-06-30 | 13.41% |
| 2017-03-31 | 14.05% |
| 2016-12-31 | 6.73% |
| 2016-09-30 | -5.53% |
| 2016-06-30 | -8.00% |
| 2016-03-31 | -13.77% |
| 2015-12-31 | -5.74% |
| 2015-09-30 | -1.54% |
| 2015-06-30 | 11.29% |
| 2015-03-31 | 7.08% |
| 2014-12-31 | 10.89% |
| 2014-09-30 | 26.82% |
| 2014-06-30 | 30.58% |
| 2014-03-31 | 29.20% |
| 2013-12-31 | 29.15% |
| 2013-09-30 | 29.84% |
| 2013-06-30 | 32.40% |
| 2013-03-31 | 34.15% |
| 2012-12-31 | -18.89% |
| 2012-09-30 | 31.80% |
| 2012-06-30 | 33.38% |
| 2012-03-31 | 36.90% |
| 2011-12-31 | 21.46% |
| 2011-09-30 | 40.05% |
| 2011-06-30 | 46.36% |
| 2011-03-31 | 21.36% |
| 2010-12-31 | 16.46% |
| 2010-09-30 | 24.54% |
| 2010-06-30 | 29.23% |
| 2010-03-31 | 24.16% |
| 2009-12-31 | 24.94% |
| 2009-09-30 | 18.18% |
| 2009-06-30 | 16.70% |
| 2009-03-31 | 28.60% |
| 2008-12-31 | 28.48% |
| 2008-09-30 | 25.83% |
| 2008-06-30 | 25.94% |
| 2008-03-31 | 28.37% |
| 2007-12-31 | 31.29% |
| 2007-09-30 | 29.69% |
| 2007-06-30 | 31.91% |
| 2007-03-31 | 28.68% |
| 2006-12-31 | -32.93% |
| 2006-09-30 | 32.67% |
| 2006-06-30 | 33.42% |
| 2006-03-31 | 25.34% |
| 2005-12-31 | 42.57% |
| 2005-09-30 | 26.24% |
| 2005-06-30 | 27.74% |
| 2005-03-31 | 28.84% |
| 2004-12-31 | 42.97% |
| 2004-09-30 | 17.04% |
| 2004-06-30 | 29.86% |
| 2004-03-31 | 28.71% |
| 2003-12-31 | 17.09% |
| 2003-09-30 | 19.04% |
| 2003-06-30 | 28.22% |
| 2003-03-31 | 28.11% |
| 2002-12-31 | 37.38% |
| 2002-09-30 | 15.67% |
