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 45.17% is 30% above its 5-year average of 34.70%, near the high end of its 5-year range (4.10%–52.04%).
16.92% above its 12-month average of 38.63%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 51.36%.
GROSS MARGIN
45.17%
GROSS MARGIN AVG TTM
38.63%
GROSS MARGIN AVG 3Y
34.02%
GROSS MARGIN AVG 5Y
34.70%
GROSS MARGIN AVG 10Y
35.26%
GROSS MARGIN AVG 15Y
35.65%
GROSS MARGIN AVG 20Y
36.70%
CURRENT VS TTM AVG
+16.92%
CURRENT VS 3Y AVG
+32.76%
CURRENT VS 5Y AVG
+30.19%
CURRENT VS 10Y AVG
+28.10%
CURRENT VS 15Y AVG
+26.71%
CURRENT VS 20Y AVG
+23.07%
SECTOR MEDIAN · UTILITIES
41.05%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+10.04%
vs the sector median at left
Northwest Natural Holding Company
Market Cap
$1.98B
Gross Margin
45.17%
TTM Avg
38.63%
3Y Avg
34.02%
5Y Avg
34.70%
Market Cap
$994.58M
Gross Margin
17.33%
TTM Avg
34.81%
3Y Avg
41.75%
5Y Avg
45.94%
Market Cap
$5.36B
Gross Margin
42.92%
TTM Avg
38.98%
3Y Avg
35.60%
5Y Avg
36.73%
Market Cap
$8.67B
Gross Margin
24.45%
TTM Avg
36.47%
3Y Avg
51.03%
5Y Avg
56.24%
Market Cap
$10.60B
Gross Margin
20.29%
TTM Avg
18.46%
3Y Avg
19.24%
5Y Avg
21.53%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northwest Natural Holding Company (NWN) | $1.98B | 45.17% | 38.63% | 34.02% | 34.70% |
| Fluence Energy, Inc. (FLNC)vs › | $1.45B | 9.18% | 12.86% | 6.72% | 3.02% |
| Avista Corporation (AVA)vs › | $2.94B | 24.19% | 41.51% | 49.97% | 55.86% |
| XPLR Infrastructure, LP (XIFR)vs › | $994.58M | 17.33% | 34.81% | 41.75% | 45.94% |
| Black Hills Corporation (BKH)vs › | $5.36B | 42.92% | 38.98% | 35.60% | 36.73% |
| Oklo Inc. (OKLO)vs › | $6.62B | 0.00% | 0.00% | 0.00% | 0.00% |
| UGI Corporation (UGI)vs › | $7.83B | 46.72% | 50.45% | 41.03% | 46.83% |
| Brookfield Renewable Partners L.P. (BEP)vs › | $8.67B | 24.45% | 36.47% | 51.03% | 56.24% |
| The AES Corporation (AES)vs › | $10.60B | 20.29% | 18.46% | 19.24% | 21.53% |
| Pinnacle West Capital Corporation (PNW)vs › | $11.12B | 25.41% | 33.55% | 36.47% | 39.35% |
Gross Margin
45.2%
(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 | 51.36% |
| 2026-03-31 | 52.04% |
| 2025-12-31 | 49.95% |
| 2025-09-30 | 4.10% |
| 2025-06-30 | 35.71% |
| 2025-03-31 | 44.15% |
| 2024-12-31 | 37.29% |
| 2024-09-30 | 21.04% |
| 2024-06-30 | 30.50% |
| 2024-03-31 | 38.27% |
| 2023-12-31 | 35.06% |
| 2023-09-30 | 17.85% |
| 2023-06-30 | 24.98% |
| 2023-03-31 | 35.86% |
| 2022-12-31 | 34.10% |
| 2022-09-30 | 21.87% |
| 2022-06-30 | 27.61% |
| 2022-03-31 | 38.22% |
| 2021-12-31 | 38.52% |
| 2021-09-30 | 24.60% |
| 2021-06-30 | 34.92% |
| 2021-03-31 | 43.96% |
| 2020-12-31 | 44.03% |
| 2020-09-30 | 26.41% |
| 2020-06-30 | 33.58% |
| 2020-03-31 | 40.66% |
| 2019-12-31 | 39.96% |
| 2019-09-30 | 25.79% |
| 2019-06-30 | 35.93% |
| 2019-03-31 | 40.82% |
| 2018-12-31 | 42.32% |
| 2018-09-30 | 26.97% |
| 2018-06-30 | 31.88% |
| 2018-03-31 | 39.14% |
| 2017-12-31 | 37.46% |
| 2017-09-30 | 27.31% |
| 2017-06-30 | 32.80% |
| 2017-03-31 | 38.10% |
| 2016-12-31 | 38.66% |
| 2016-09-30 | 28.03% |
| 2016-06-30 | 42.70% |
| 2016-03-31 | 42.34% |
| 2015-12-31 | 39.48% |
| 2015-09-30 | 27.10% |
| 2015-06-30 | 29.50% |
| 2015-03-31 | 31.28% |
| 2014-12-31 | 36.04% |
| 2014-09-30 | 25.23% |
| 2014-06-30 | 30.16% |
| 2014-03-31 | 35.04% |
| 2013-12-31 | 32.83% |
| 2013-09-30 | 24.84% |
| 2013-06-30 | 29.88% |
| 2013-03-31 | 36.62% |
| 2012-12-31 | -6.21% |
| 2012-09-30 | 55.61% |
| 2012-06-30 | 65.20% |
| 2012-03-31 | 44.05% |
| 2011-12-31 | 44.21% |
| 2011-09-30 | 51.21% |
| 2011-06-30 | 41.71% |
| 2011-03-31 | 41.63% |
| 2010-12-31 | 44.10% |
| 2010-09-30 | 48.61% |
| 2010-06-30 | 44.46% |
| 2010-03-31 | 45.69% |
| 2009-12-31 | 41.09% |
| 2009-09-30 | 44.12% |
| 2009-06-30 | 46.74% |
| 2009-03-31 | 35.02% |
| 2008-12-31 | 100.00% |
| 2008-09-30 | 100.00% |
| 2008-06-30 | 100.00% |
| 2008-03-31 | 100.00% |
| 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 | 49.83% |
| 2003-03-31 | 47.73% |
| 2002-12-31 | 45.14% |
| 2002-09-30 | 48.35% |
