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 56.91% is 32% above its 5-year average of 42.96%, near the high end of its 5-year range (38.91%–60.82%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.97% above its 12-month average of 49.94%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
56.91%
GROSS MARGIN AVG TTM
49.94%
GROSS MARGIN AVG 3Y
44.57%
GROSS MARGIN AVG 5Y
42.96%
GROSS MARGIN AVG 10Y
41.95%
GROSS MARGIN AVG 15Y
41.40%
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+13.97%
CURRENT VS 3Y AVG
+27.71%
CURRENT VS 5Y AVG
+32.48%
CURRENT VS 10Y AVG
+35.67%
CURRENT VS 15Y AVG
+37.47%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
26.51%
median of 43 covered companies
CURRENT VS SECTOR MEDIAN
+114.69%
vs the sector median at left
Market Cap
$59.28B
Gross Margin
35.16%
TTM Avg
40.13%
3Y Avg
51.96%
5Y Avg
48.96%
Market Cap
$60.97B
Gross Margin
33.78%
TTM Avg
34.70%
3Y Avg
37.70%
5Y Avg
30.44%
Market Cap
$61.88B
Gross Margin
23.57%
TTM Avg
23.45%
3Y Avg
23.37%
5Y Avg
22.28%
Market Cap
$64.20B
Gross Margin
26.51%
TTM Avg
23.26%
3Y Avg
18.91%
5Y Avg
17.67%
Market Cap
$54.01B
Gross Margin
25.55%
TTM Avg
27.55%
3Y Avg
33.48%
5Y Avg
28.70%
Market Cap
$68.99B
Gross Margin
43.66%
TTM Avg
40.16%
3Y Avg
35.59%
5Y Avg
35.99%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MPLX Lp (MPLX) | $59.27B | 56.91% | 49.94% | 44.57% | 42.96% |
| Diamondback Energy, Inc. (FANG)vs › | $59.28B | 35.16% | 40.13% | 51.96% | 48.96% |
| ONEOK, Inc. (OKE)vs › | $58.81B | 21.83% | 22.40% | 22.74% | 22.07% |
| Occidental Petroleum Corporation (OXY)vs › | $60.97B | 33.78% | 34.70% | 37.70% | 30.44% |
| Baker Hughes Company (BKR)vs › | $61.88B | 23.57% | 23.45% | 23.37% | 22.28% |
| Targa Resources Corp. (TRGP)vs › | $64.20B | 26.51% | 23.26% | 18.91% | 17.67% |
| Devon Energy Corporation (DVN)vs › | $54.01B | 25.55% | 27.55% | 33.48% | 28.70% |
| Kinder Morgan, Inc. (KMI)vs › | $68.99B | 43.66% | 40.16% | 35.59% | 35.99% |
| Energy Transfer LP (ET)vs › | $72.92B | 24.11% | 20.38% | 18.28% | 19.90% |
| Cameco Corporation (CCJ)vs › | $44.65B | 27.91% | 30.32% | 25.84% | 20.67% |
Gross Margin
56.9%
(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 | 56.91% |
| 2026-03-31 | 41.01% |
| 2025-12-31 | 47.30% |
| 2025-09-30 | 60.82% |
| 2025-06-30 | 43.65% |
| 2025-03-31 | 44.13% |
| 2024-12-31 | 44.23% |
| 2024-09-30 | 43.88% |
| 2024-06-30 | 44.37% |
| 2024-03-31 | 44.24% |
| 2023-12-31 | 45.31% |
| 2023-09-30 | 40.60% |
| 2023-06-30 | 43.99% |
| 2023-03-31 | 45.15% |
| 2022-12-31 | 40.14% |
| 2022-09-30 | 41.34% |
| 2022-06-30 | 38.91% |
| 2022-03-31 | 42.50% |
| 2021-12-31 | 39.67% |
| 2021-09-30 | 42.38% |
| 2021-06-30 | 43.41% |
| 2021-03-31 | 44.33% |
| 2020-12-31 | 42.72% |
| 2020-09-30 | 44.64% |
| 2020-06-30 | 45.19% |
| 2020-03-31 | 43.87% |
| 2019-12-31 | 40.27% |
| 2019-09-30 | 43.17% |
| 2019-06-30 | 42.27% |
| 2019-03-31 | 44.09% |
| 2018-12-31 | 41.05% |
| 2018-09-30 | 41.69% |
| 2018-06-30 | 41.38% |
| 2018-03-31 | 41.74% |
| 2017-12-31 | 33.96% |
| 2017-09-30 | 36.12% |
| 2017-06-30 | 36.33% |
| 2017-03-31 | 35.75% |
| 2016-12-31 | 33.53% |
| 2016-09-30 | 36.56% |
| 2016-06-30 | 34.79% |
| 2016-03-31 | 35.01% |
| 2015-12-31 | 34.50% |
| 2015-09-30 | 37.95% |
| 2015-06-30 | 45.08% |
| 2015-03-31 | 44.81% |
| 2014-12-31 | 38.44% |
| 2014-09-30 | 41.24% |
| 2014-06-30 | 43.38% |
| 2014-03-31 | 51.64% |
| 2013-12-31 | 37.34% |
| 2013-09-30 | 41.12% |
| 2013-06-30 | 38.59% |
| 2013-03-31 | 41.77% |
| 2012-12-31 | -11.97% |
| 2012-09-30 | 39.24% |
| 2012-06-30 | 42.33% |
| 2012-03-31 | 45.03% |
| 2011-12-31 | 53.31% |
| 2011-09-30 | 63.68% |
| 2011-06-30 | 57.39% |
| 2011-03-31 | 66.95% |
