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 27.52% is in line with its 5-year average of 28.88%, near the low end of its 5-year range (25.70%–38.30%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.42% below its 12-month average of 30.05%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
27.52%
GROSS MARGIN AVG TTM
30.05%
GROSS MARGIN AVG 3Y
28.07%
GROSS MARGIN AVG 5Y
28.88%
GROSS MARGIN AVG 10Y
26.76%
GROSS MARGIN AVG 15Y
26.21%
GROSS MARGIN AVG 20Y
28.48%
CURRENT VS TTM AVG
-8.42%
CURRENT VS 3Y AVG
-1.94%
CURRENT VS 5Y AVG
-4.70%
CURRENT VS 10Y AVG
+2.83%
CURRENT VS 15Y AVG
+5.01%
CURRENT VS 20Y AVG
-3.36%
SECTOR MEDIAN · ENERGY
30.57%
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
-9.97%
vs the sector median at left
Market Cap
$107.68B
Gross Margin
11.62%
TTM Avg
7.12%
3Y Avg
9.52%
5Y Avg
7.42%
Market Cap
$102.18B
Gross Margin
21.29%
TTM Avg
35.30%
3Y Avg
33.06%
5Y Avg
27.47%
Market Cap
$101.45B
Gross Margin
11.33%
TTM Avg
4.02%
3Y Avg
6.61%
5Y Avg
4.66%
Market Cap
$90.18B
Gross Margin
42.86%
TTM Avg
50.78%
3Y Avg
53.52%
5Y Avg
52.60%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| TotalEnergies SE (TTE) | $192.30B | 27.52% | 30.05% | 28.07% | 28.88% |
| ConocoPhillips (COP)vs › | $158.80B | 24.63% | 26.99% | 30.86% | 25.33% |
| Shell plc (SHEL)vs › | $253.47B | 17.12% | 16.04% | 16.91% | 12.36% |
| Marathon Petroleum Corporation (MPC)vs › | $107.68B | 11.62% | 7.12% | 9.52% | 7.42% |
| Canadian Natural Resources Limited (CNQ)vs › | $102.18B | 21.29% | 35.30% | 33.06% | 27.47% |
| Valero Energy Corporation (VLO)vs › | $101.45B | 11.33% | 4.02% | 6.61% | 4.66% |
| Phillips 66 (PSX)vs › | $97.83B | 9.78% | 4.16% | 5.87% | 4.46% |
| The Williams Companies, Inc. (WMB)vs › | $90.18B | 42.86% | 50.78% | 53.52% | 52.60% |
| Slb N.V. (SLB)vs › | $85.09B | 16.53% | 19.38% | 19.24% | 17.32% |
| Enterprise Products Partners L.P. (EPD)vs › | $84.42B | 13.25% | 13.23% | 12.88% | 14.52% |
Gross Margin
27.5%
(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 | 27.52% |
| 2026-03-31 | 38.30% |
| 2025-12-31 | 26.50% |
| 2025-09-30 | 30.50% |
| 2025-06-30 | 27.44% |
| 2025-03-31 | 29.32% |
| 2024-12-31 | 29.01% |
| 2024-09-30 | 26.59% |
| 2024-06-30 | 28.65% |
| 2024-03-31 | 29.22% |
| 2023-12-31 | 25.70% |
| 2023-09-30 | 32.50% |
| 2023-06-30 | 28.26% |
| 2023-03-31 | 28.88% |
| 2022-12-31 | 31.11% |
| 2022-09-30 | 29.59% |
| 2022-06-30 | 31.09% |
| 2022-03-31 | 32.25% |
| 2021-12-31 | 27.52% |
| 2021-09-30 | 27.58% |
| 2021-06-30 | 28.33% |
| 2021-03-31 | 30.83% |
| 2020-12-31 | 25.65% |
| 2020-09-30 | 25.13% |
| 2020-06-30 | -9.54% |
| 2020-03-31 | 17.82% |
| 2019-12-31 | 24.76% |
| 2019-09-30 | 24.61% |
| 2019-06-30 | 24.67% |
| 2019-03-31 | 26.45% |
| 2018-12-31 | 18.42% |
| 2018-09-30 | 26.38% |
| 2018-06-30 | 26.18% |
| 2018-03-31 | 25.25% |
| 2017-12-31 | 19.53% |
| 2017-09-30 | 26.10% |
| 2017-06-30 | 24.03% |
| 2017-03-31 | 20.85% |
| 2016-12-31 | 20.66% |
| 2016-09-30 | 24.09% |
| 2016-06-30 | 25.84% |
| 2016-03-31 | 26.17% |
| 2015-12-31 | 7.48% |
| 2015-09-30 | 20.95% |
| 2015-06-30 | 25.68% |
| 2015-03-31 | 24.04% |
| 2014-12-31 | 0.41% |
| 2014-09-30 | 23.08% |
| 2014-06-30 | 22.96% |
| 2014-03-31 | 25.12% |
| 2013-12-31 | 23.55% |
| 2013-09-30 | 23.52% |
| 2013-06-30 | 24.04% |
| 2013-03-31 | 25.59% |
| 2012-12-31 | 24.64% |
| 2012-09-30 | 25.56% |
| 2012-06-30 | 23.00% |
| 2012-03-31 | 27.57% |
| 2011-12-31 | 32.02% |
| 2011-09-30 | 30.12% |
| 2011-06-30 | 31.50% |
| 2011-03-31 | 34.49% |
| 2010-12-31 | 33.97% |
| 2010-09-30 | 32.11% |
| 2010-06-30 | 34.13% |
| 2010-03-31 | 34.56% |
| 2009-12-31 | 34.00% |
| 2009-09-30 | 34.27% |
| 2009-06-30 | 38.66% |
| 2009-03-31 | 40.21% |
| 2008-12-31 | 22.86% |
| 2008-09-30 | 29.49% |
| 2008-06-30 | 35.43% |
| 2008-03-31 | 34.79% |
| 2007-12-31 | 35.25% |
| 2007-09-30 | 33.10% |
| 2007-06-30 | 36.16% |
| 2007-03-31 | 37.78% |
| 2006-12-31 | 35.08% |
| 2006-09-30 | 35.45% |
| 2006-06-30 | 37.41% |
| 2006-03-31 | 38.63% |
| 2005-12-31 | 49.24% |
| 2005-09-30 | 38.66% |
| 2005-06-30 | 45.35% |
| 2005-03-31 | 27.37% |
| 2004-12-31 | 17.20% |
| 2004-09-30 | 18.39% |
| 2004-06-30 | 44.11% |
| 2004-03-31 | 16.87% |
| 2003-12-31 | 16.33% |
| 2003-09-30 | 17.01% |
| 2003-06-30 | 16.63% |
| 2003-03-31 | 17.99% |
| 2002-12-31 | 0.00% |
| 2002-09-30 | 0.00% |
