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 50.43% is in line with its 5-year average of 49.14%, around the middle of its 5-year range (44.12%–56.99%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.95% below its 12-month average of 50.91%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
50.43%
GROSS MARGIN AVG TTM
50.91%
GROSS MARGIN AVG 3Y
49.87%
GROSS MARGIN AVG 5Y
49.14%
GROSS MARGIN AVG 10Y
48.09%
GROSS MARGIN AVG 15Y
44.89%
GROSS MARGIN AVG 20Y
45.95%
CURRENT VS TTM AVG
-0.95%
CURRENT VS 3Y AVG
+1.11%
CURRENT VS 5Y AVG
+2.61%
CURRENT VS 10Y AVG
+4.86%
CURRENT VS 15Y AVG
+12.34%
CURRENT VS 20Y AVG
+9.75%
SECTOR MEDIAN · ENERGY
30.57%
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
+64.95%
vs the sector median at left
TC Energy Corporation
Market Cap
$64.40B
Gross Margin
50.43%
TTM Avg
50.91%
3Y Avg
49.87%
5Y Avg
49.14%
Market Cap
$61.95B
Gross Margin
23.57%
TTM Avg
23.45%
3Y Avg
23.37%
5Y Avg
22.28%
Market Cap
$61.78B
Gross Margin
26.51%
TTM Avg
23.26%
3Y Avg
18.91%
5Y Avg
17.67%
Market Cap
$58.78B
Gross Margin
33.78%
TTM Avg
34.70%
3Y Avg
37.70%
5Y Avg
30.44%
Market Cap
$70.28B
Gross Margin
43.66%
TTM Avg
40.16%
3Y Avg
35.59%
5Y Avg
35.99%
Market Cap
$55.61B
Gross Margin
35.16%
TTM Avg
40.13%
3Y Avg
51.96%
5Y Avg
48.96%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| TC Energy Corporation (TRP) | $64.40B | 50.43% | 50.91% | 49.87% | 49.14% |
| Baker Hughes Company (BKR)vs › | $61.95B | 23.57% | 23.45% | 23.37% | 22.28% |
| Targa Resources Corp. (TRGP)vs › | $61.78B | 26.51% | 23.26% | 18.91% | 17.67% |
| MPLX Lp (MPLX)vs › | $60.12B | 52.17% | 44.70% | 43.46% | 43.46% |
| ONEOK, Inc. (OKE)vs › | $59.71B | 21.83% | 22.40% | 22.74% | 22.07% |
| Occidental Petroleum Corporation (OXY)vs › | $58.78B | 33.78% | 34.70% | 37.70% | 30.44% |
| Kinder Morgan, Inc. (KMI)vs › | $70.28B | 43.66% | 40.16% | 35.59% | 35.99% |
| Diamondback Energy, Inc. (FANG)vs › | $55.61B | 35.16% | 40.13% | 51.96% | 48.96% |
| Energy Transfer LP (ET)vs › | $73.33B | 24.11% | 20.38% | 18.28% | 19.90% |
| EOG Resources, Inc. (EOG)vs › | $76.35B | 70.20% | 71.91% | 76.49% | 71.49% |
Gross Margin
50.4%
(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 | 50.43% |
| 2026-03-31 | 56.70% |
| 2025-12-31 | 49.69% |
| 2025-09-30 | 48.54% |
| 2025-06-30 | 49.20% |
| 2025-03-31 | 52.03% |
| 2024-12-31 | 56.99% |
| 2024-09-30 | 45.11% |
| 2024-06-30 | 47.28% |
| 2024-03-31 | 51.41% |
| 2023-12-31 | 47.97% |
| 2023-09-30 | 45.71% |
| 2023-06-30 | 47.31% |
| 2023-03-31 | 53.64% |
| 2022-12-31 | 45.90% |
| 2022-09-30 | 44.12% |
| 2022-06-30 | 45.53% |
| 2022-03-31 | 49.71% |
| 2021-12-31 | 49.39% |
| 2021-09-30 | 45.37% |
| 2021-06-30 | 49.97% |
| 2021-03-31 | 54.72% |
| 2020-12-31 | 48.41% |
| 2020-09-30 | 48.39% |
| 2020-06-30 | 49.24% |
| 2020-03-31 | 54.65% |
| 2019-12-31 | 47.32% |
| 2019-09-30 | 49.19% |
| 2019-06-30 | 51.30% |
| 2019-03-31 | 48.70% |
| 2018-12-31 | 50.28% |
| 2018-09-30 | 44.04% |
| 2018-06-30 | 46.29% |
| 2018-03-31 | 41.41% |
| 2017-12-31 | 40.79% |
| 2017-09-30 | 35.65% |
| 2017-06-30 | 35.44% |
| 2017-03-31 | 39.55% |
| 2016-12-31 | 38.35% |
| 2016-09-30 | 31.53% |
| 2016-06-30 | 42.82% |
| 2016-03-31 | 34.52% |
| 2015-12-31 | 34.62% |
| 2015-09-30 | 35.94% |
| 2015-06-30 | 37.93% |
| 2015-03-31 | 34.97% |
| 2014-12-31 | 37.31% |
| 2014-09-30 | 40.23% |
| 2014-06-30 | 36.84% |
| 2014-03-31 | 33.98% |
| 2013-12-31 | 36.11% |
| 2013-09-30 | 40.34% |
| 2013-06-30 | 35.94% |
| 2013-03-31 | 38.54% |
| 2012-12-31 | 34.66% |
| 2012-09-30 | 38.57% |
| 2012-06-30 | 34.61% |
| 2012-03-31 | 39.87% |
| 2011-12-31 | 57.92% |
| 2011-09-30 | 63.44% |
| 2011-06-30 | 61.64% |
| 2011-03-31 | 66.16% |
| 2010-12-31 | 99.37% |
| 2010-09-30 | 61.63% |
| 2010-06-30 | 60.27% |
| 2010-03-31 | 61.79% |
| 2009-12-31 | 44.06% |
| 2009-09-30 | 44.52% |
| 2009-06-30 | 47.01% |
| 2009-03-31 | 46.76% |
| 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% |
