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 21.83% is in line with its 5-year average of 20.03%, around the middle of its 5-year range (12.98%–30.86%).
0.17% above its 12-month average of 21.79%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
21.83%
GROSS MARGIN AVG TTM
21.79%
GROSS MARGIN AVG 3Y
22.57%
GROSS MARGIN AVG 5Y
20.03%
GROSS MARGIN AVG 10Y
19.24%
GROSS MARGIN AVG 15Y
18.69%
GROSS MARGIN AVG 20Y
17.63%
CURRENT VS TTM AVG
+0.17%
CURRENT VS 3Y AVG
-3.28%
CURRENT VS 5Y AVG
+8.98%
CURRENT VS 10Y AVG
+13.44%
CURRENT VS 15Y AVG
+16.83%
CURRENT VS 20Y AVG
+23.81%
SECTOR MEDIAN · ENERGY
30.48%
median of 49 covered companies
CURRENT VS SECTOR MEDIAN
-28.38%
vs the sector median at left
Market Cap
$61.45B
Gross Margin
33.78%
TTM Avg
34.70%
3Y Avg
37.70%
5Y Avg
30.44%
Market Cap
$62.56B
Gross Margin
26.51%
TTM Avg
23.26%
3Y Avg
18.91%
5Y Avg
17.67%
Market Cap
$63.88B
Gross Margin
23.57%
TTM Avg
23.45%
3Y Avg
23.37%
5Y Avg
22.28%
Market Cap
$56.88B
Gross Margin
35.16%
TTM Avg
40.13%
3Y Avg
51.96%
5Y Avg
48.96%
Market Cap
$65.82B
Gross Margin
51.47%
TTM Avg
49.00%
3Y Avg
48.84%
5Y Avg
49.25%
Market Cap
$53.86B
Gross Margin
25.55%
TTM Avg
27.55%
3Y Avg
33.48%
5Y Avg
28.70%
Market Cap
$70.32B
Gross Margin
43.66%
TTM Avg
40.16%
3Y Avg
35.59%
5Y Avg
35.99%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ONEOK, Inc. (OKE) | $60.67B | 21.83% | 21.79% | 22.57% | 20.03% |
| MPLX Lp (MPLX)vs › | $61.13B | 52.17% | 44.70% | 43.46% | 43.46% |
| Occidental Petroleum Corporation (OXY)vs › | $61.45B | 33.78% | 34.70% | 37.70% | 30.44% |
| Targa Resources Corp. (TRGP)vs › | $62.56B | 26.51% | 23.26% | 18.91% | 17.67% |
| Baker Hughes Company (BKR)vs › | $63.88B | 23.57% | 23.45% | 23.37% | 22.28% |
| Diamondback Energy, Inc. (FANG)vs › | $56.88B | 35.16% | 40.13% | 51.96% | 48.96% |
| TC Energy Corporation (TRP)vs › | $65.82B | 51.47% | 49.00% | 48.84% | 49.25% |
| Devon Energy Corporation (DVN)vs › | $53.86B | 25.55% | 27.55% | 33.48% | 28.70% |
| Kinder Morgan, Inc. (KMI)vs › | $70.32B | 43.66% | 40.16% | 35.59% | 35.99% |
| Energy Transfer LP (ET)vs › | $74.24B | 24.11% | 20.38% | 18.28% | 19.90% |
Gross Margin
21.8%
(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 | 14.15% |
| 2026-03-31 | 26.67% |
| 2025-12-31 | 29.44% |
| 2025-09-30 | 19.17% |
| 2025-06-30 | 19.54% |
| 2025-03-31 | 16.82% |
| 2024-12-31 | 30.86% |
| 2024-09-30 | 24.09% |
| 2024-06-30 | 25.56% |
| 2024-03-31 | 23.93% |
| 2023-12-31 | 25.16% |
| 2023-09-30 | 20.66% |
| 2023-06-30 | 17.38% |
| 2023-03-31 | 16.61% |
| 2022-12-31 | 19.50% |
| 2022-09-30 | 14.03% |
| 2022-06-30 | 12.98% |
| 2022-03-31 | 13.91% |
| 2021-12-31 | 13.91% |
| 2021-09-30 | 16.46% |
| 2021-06-30 | 19.82% |
| 2021-03-31 | 22.64% |
| 2020-12-31 | 25.13% |
| 2020-09-30 | 26.76% |
| 2020-06-30 | 21.84% |
| 2020-03-31 | 24.97% |
| 2019-12-31 | 19.40% |
| 2019-09-30 | 21.85% |
| 2019-06-30 | 20.26% |
| 2019-03-31 | 17.50% |
| 2018-12-31 | 15.41% |
| 2018-09-30 | 15.82% |
| 2018-06-30 | 16.38% |
| 2018-03-31 | 17.05% |
| 2017-12-31 | 11.87% |
| 2017-09-30 | 14.08% |
| 2017-06-30 | 12.80% |
| 2017-03-31 | 12.88% |
| 2016-12-31 | 13.45% |
| 2016-09-30 | 14.44% |
| 2016-06-30 | 23.78% |
| 2016-03-31 | 27.29% |
| 2015-12-31 | 26.11% |
| 2015-09-30 | 23.69% |
| 2015-06-30 | 20.58% |
| 2015-03-31 | 20.80% |
| 2014-12-31 | 16.98% |
| 2014-09-30 | 14.82% |
| 2014-06-30 | 13.80% |
| 2014-03-31 | 14.01% |
| 2013-12-31 | 13.13% |
| 2013-09-30 | 13.07% |
| 2013-06-30 | 10.79% |
| 2013-03-31 | 15.06% |
| 2012-12-31 | 14.15% |
| 2012-09-30 | 18.29% |
| 2012-06-30 | 21.70% |
| 2012-03-31 | 18.85% |
| 2011-12-31 | 18.05% |
| 2011-09-30 | 14.85% |
| 2011-06-30 | 14.84% |
| 2011-03-31 | 16.38% |
| 2010-12-31 | 16.20% |
| 2010-09-30 | 15.34% |
| 2010-06-30 | 16.32% |
| 2010-03-12 | 15.78% |
| 2009-12-31 | 15.56% |
| 2009-09-30 | 19.11% |
| 2009-07-23 | 19.41% |
| 2009-03-31 | 19.77% |
| 2008-12-31 | 16.66% |
| 2008-09-30 | 10.73% |
| 2008-06-30 | 10.08% |
| 2008-03-31 | 11.95% |
| 2007-12-31 | 13.49% |
| 2007-09-30 | 12.11% |
| 2007-06-30 | 12.76% |
| 2007-03-31 | 14.86% |
| 2006-12-31 | 15.36% |
| 2006-09-30 | 13.21% |
| 2006-06-30 | 16.52% |
| 2006-03-31 | 14.68% |
| 2005-12-31 | 8.42% |
| 2005-09-30 | 10.73% |
| 2005-06-30 | 12.41% |
| 2005-03-31 | 14.51% |
| 2004-12-31 | 14.44% |
| 2004-09-30 | 14.25% |
| 2004-06-30 | 36.39% |
| 2004-03-31 | 38.11% |
| 2003-12-31 | 36.12% |
| 2003-09-30 | 34.21% |
| 2003-06-30 | 49.82% |
| 2003-03-31 | 37.75% |
| 2002-12-31 | 33.83% |
| 2002-09-30 | 48.39% |
