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 85.46% is in line with its 5-year average of 91.86%, near the low end of its 5-year range (82.11%–136.21%).
12.98% below its 12-month average of 98.21%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 100.00%.
GROSS MARGIN
85.46%
GROSS MARGIN AVG TTM
98.21%
GROSS MARGIN AVG 3Y
89.26%
GROSS MARGIN AVG 5Y
91.86%
GROSS MARGIN AVG 10Y
93.49%
GROSS MARGIN AVG 15Y
94.96%
GROSS MARGIN AVG 20Y
96.22%
CURRENT VS TTM AVG
-12.98%
CURRENT VS 3Y AVG
-4.26%
CURRENT VS 5Y AVG
-6.97%
CURRENT VS 10Y AVG
-8.59%
CURRENT VS 15Y AVG
-10.00%
CURRENT VS 20Y AVG
-11.18%
SECTOR MEDIAN · ENERGY
30.57%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+179.56%
vs the sector median at left
Texas Pacific Land Corporation
Market Cap
$23.53B
Gross Margin
85.46%
TTM Avg
98.21%
3Y Avg
89.26%
5Y Avg
91.86%
Market Cap
$25.97B
Gross Margin
39.62%
TTM Avg
41.63%
3Y Avg
38.76%
5Y Avg
36.57%
Market Cap
$20.10B
Gross Margin
46.51%
TTM Avg
36.77%
3Y Avg
52.41%
5Y Avg
42.45%
Market Cap
$27.37B
Gross Margin
15.11%
TTM Avg
17.23%
3Y Avg
17.34%
5Y Avg
14.96%
Market Cap
$30.82B
Gross Margin
47.83%
TTM Avg
57.82%
3Y Avg
64.86%
5Y Avg
51.88%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Texas Pacific Land Corporation (TPL) | $23.53B | 85.46% | 98.21% | 89.26% | 91.86% |
| Pembina Pipeline Corporation (PBA)vs › | $25.97B | 39.62% | 41.63% | 38.76% | 36.57% |
| Expand Energy Corporation (EXE)vs › | $20.10B | 46.51% | 36.77% | 52.41% | 42.45% |
| Halliburton Company (HAL)vs › | $27.37B | 15.11% | 17.23% | 17.34% | 14.96% |
| First Solar, Inc. (FSLR)vs › | $19.10B | 44.02% | 42.39% | 31.66% | 29.45% |
| Tenaris S.A. (TS)vs › | $29.76B | 33.90% | 34.72% | 37.72% | 33.46% |
| Venture Global, Inc. (VG)vs › | $30.82B | 47.83% | 57.82% | 64.86% | 51.88% |
| EQT Corporation (EQT)vs › | $31.78B | 48.86% | 31.77% | 37.13% | 38.84% |
| APA Corporation (APA)vs › | $15.11B | 38.77% | 40.75% | 47.26% | 42.30% |
| Nextpower Inc. (NXT)vs › | $12.26B | 33.38% | 33.16% | 27.27% | 23.09% |
Gross Margin
85.5%
(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 | 100.00% |
| 2026-03-31 | 82.11% |
| 2025-12-31 | 136.21% |
| 2025-09-30 | 84.54% |
| 2025-06-30 | 88.19% |
| 2025-03-31 | 88.23% |
| 2024-12-31 | 89.02% |
| 2024-09-30 | 93.24% |
| 2024-06-30 | 89.02% |
| 2024-03-31 | 91.79% |
| 2023-12-31 | 92.23% |
| 2023-09-30 | 92.32% |
| 2023-06-30 | 91.17% |
| 2023-03-31 | 93.81% |
| 2022-12-31 | 95.01% |
| 2022-09-30 | 94.63% |
| 2022-06-30 | 95.41% |
| 2022-03-31 | 95.31% |
| 2021-12-31 | 94.95% |
| 2021-09-30 | 93.92% |
| 2021-06-30 | 92.28% |
| 2021-03-31 | 91.52% |
| 2020-12-31 | 89.44% |
| 2020-09-30 | 91.82% |
| 2020-06-30 | 85.08% |
| 2020-03-31 | 89.53% |
| 2019-12-31 | 92.05% |
| 2019-09-30 | 92.13% |
| 2019-06-30 | 91.78% |
| 2019-03-31 | 96.98% |
| 2018-12-31 | 95.03% |
| 2018-09-30 | 93.97% |
| 2018-06-30 | 95.84% |
| 2018-03-31 | 97.27% |
| 2017-12-31 | 99.27% |
| 2017-09-30 | 99.03% |
| 2017-06-30 | 99.65% |
| 2017-03-31 | 99.92% |
| 2016-12-31 | 90.89% |
| 2016-09-30 | 100.00% |
| 2016-06-30 | 100.00% |
| 2016-03-31 | 100.00% |
| 2015-12-31 | 91.07% |
| 2015-09-30 | 100.00% |
| 2015-06-30 | 100.00% |
| 2015-03-31 | 100.00% |
| 2014-12-31 | 88.41% |
| 2014-09-30 | 100.00% |
| 2014-06-30 | 100.00% |
| 2014-03-31 | 100.00% |
| 2013-12-31 | 89.93% |
| 2013-09-30 | 100.00% |
| 2013-06-30 | 100.00% |
| 2013-03-31 | 100.00% |
| 2012-12-31 | 99.79% |
| 2012-09-30 | 100.00% |
| 2012-06-30 | 100.00% |
| 2012-03-31 | 100.00% |
| 2011-12-31 | 100.00% |
| 2011-09-30 | 100.00% |
| 2011-06-30 | 100.00% |
| 2011-03-31 | 100.00% |
| 2010-12-31 | 100.00% |
| 2010-09-30 | 100.00% |
| 2010-06-30 | 100.00% |
| 2010-03-31 | 100.00% |
| 2009-12-31 | 100.00% |
| 2009-09-30 | 100.00% |
| 2009-06-30 | 100.00% |
| 2009-03-31 | 100.00% |
| 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 | 100.00% |
| 2003-03-31 | 100.00% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
