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 35.16% is 35% below its 5-year average of 54.08%, near the low end of its 5-year range (24.29%–73.70%).
15.23% below its 12-month average of 41.48%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 45.16%.
GROSS MARGIN
35.16%
GROSS MARGIN AVG TTM
41.48%
GROSS MARGIN AVG 3Y
46.81%
GROSS MARGIN AVG 5Y
54.08%
GROSS MARGIN AVG 10Y
50.27%
GROSS MARGIN AVG 15Y
47.67%
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-15.23%
CURRENT VS 3Y AVG
-24.89%
CURRENT VS 5Y AVG
-34.99%
CURRENT VS 10Y AVG
-30.06%
CURRENT VS 15Y AVG
-26.24%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
30.57%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+15.01%
vs the sector median at left
Diamondback Energy, Inc.
Market Cap
$52.51B
Gross Margin
35.16%
TTM Avg
41.48%
3Y Avg
46.81%
5Y Avg
54.08%
Market Cap
$51.76B
Gross Margin
25.55%
TTM Avg
27.55%
3Y Avg
33.48%
5Y Avg
28.70%
Market Cap
$56.55B
Gross Margin
33.78%
TTM Avg
34.70%
3Y Avg
37.70%
5Y Avg
30.44%
Market Cap
$57.41B
Gross Margin
23.57%
TTM Avg
23.45%
3Y Avg
23.37%
5Y Avg
22.28%
Market Cap
$59.64B
Gross Margin
26.51%
TTM Avg
23.26%
3Y Avg
18.91%
5Y Avg
17.67%
Market Cap
$61.19B
Gross Margin
51.47%
TTM Avg
49.00%
3Y Avg
48.84%
5Y Avg
49.25%
Market Cap
$38.36B
Gross Margin
27.91%
TTM Avg
30.32%
3Y Avg
25.84%
5Y Avg
20.67%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Diamondback Energy, Inc. (FANG) | $52.51B | 35.16% | 41.48% | 46.81% | 54.08% |
| Devon Energy Corporation (DVN)vs › | $51.76B | 25.55% | 27.55% | 33.48% | 28.70% |
| ONEOK, Inc. (OKE)vs › | $55.85B | 21.83% | 22.40% | 22.74% | 22.07% |
| Occidental Petroleum Corporation (OXY)vs › | $56.55B | 33.78% | 34.70% | 37.70% | 30.44% |
| Baker Hughes Company (BKR)vs › | $57.41B | 23.57% | 23.45% | 23.37% | 22.28% |
| MPLX Lp (MPLX)vs › | $57.64B | 52.17% | 44.70% | 43.46% | 43.46% |
| Targa Resources Corp. (TRGP)vs › | $59.64B | 26.51% | 23.26% | 18.91% | 17.67% |
| TC Energy Corporation (TRP)vs › | $61.19B | 51.47% | 49.00% | 48.84% | 49.25% |
| Cameco Corporation (CCJ)vs › | $38.36B | 27.91% | 30.32% | 25.84% | 20.67% |
| Kinder Morgan, Inc. (KMI)vs › | $68.47B | 43.66% | 40.16% | 35.59% | 35.99% |
Gross Margin
35.2%
(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 | 45.16% |
| 2026-03-31 | 68.68% |
| 2025-12-31 | 24.29% |
| 2025-09-30 | 34.63% |
| 2025-06-30 | 34.62% |
| 2025-03-31 | 45.00% |
| 2024-12-31 | 41.13% |
| 2024-09-30 | 39.80% |
| 2024-06-30 | 49.05% |
| 2024-03-31 | 53.38% |
| 2023-12-31 | 56.25% |
| 2023-09-30 | 60.77% |
| 2023-06-30 | 55.81% |
| 2023-03-31 | 57.71% |
| 2022-12-31 | 64.58% |
| 2022-09-30 | 69.39% |
| 2022-06-30 | 73.70% |
| 2022-03-31 | 71.80% |
| 2021-12-31 | 66.62% |
| 2021-09-30 | 63.98% |
| 2021-06-30 | 59.43% |
| 2021-03-31 | 57.01% |
| 2020-12-31 | 39.27% |
| 2020-09-30 | 30.28% |
| 2020-06-30 | -26.12% |
| 2020-03-31 | 25.92% |
| 2019-12-31 | 40.22% |
| 2019-09-30 | 37.95% |
| 2019-06-30 | 42.80% |
| 2019-03-31 | 40.39% |
| 2018-12-31 | 40.08% |
| 2018-09-30 | 52.70% |
| 2018-06-30 | 56.17% |
| 2018-03-31 | 59.50% |
| 2017-12-31 | 56.41% |
| 2017-09-30 | 51.41% |
| 2017-06-30 | 53.65% |
| 2017-03-31 | 55.47% |
| 2016-12-31 | 52.74% |
| 2016-09-30 | 44.49% |
| 2016-06-30 | 38.53% |
| 2016-03-31 | 18.79% |
| 2015-12-31 | 33.73% |
| 2015-09-30 | 23.88% |
| 2015-06-30 | 27.04% |
| 2015-03-31 | 9.71% |
| 2014-12-31 | 33.70% |
| 2014-09-30 | 50.41% |
| 2014-06-30 | 52.94% |
| 2014-03-31 | 53.77% |
| 2013-12-31 | 54.82% |
| 2013-09-30 | 54.66% |
| 2013-06-30 | 48.57% |
| 2013-03-31 | 38.66% |
| 2012-12-31 | -67.45% |
| 2012-09-30 | 34.25% |
| 2012-06-30 | 37.31% |
| 2012-03-31 | 48.57% |
| 2011-12-31 | 94.58% |
| 2011-09-30 | 94.64% |
| 2011-06-30 | 94.58% |
| 2011-03-31 | 81.02% |
| 2010-12-31 | 91.29% |
