COPNEUTRAL

COP Gross Margin Analysis

36.7%

Updated 129h ago·SEC filings & market data

Key Takeaway

Gross margin is the percentage of revenue left after covering the direct costs of producing oil and gas, so a 36.7% margin means COP keeps $0.367 of every sales dollar before other expenses.

Sector Performance

31th percentile

COP

36.7%

Sector Median

46.6%

Sector Avg

47.6%

Prior Period

27.3%(Aug 2026)

↑ Improving

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Deep Analysis

Gross margin is the percentage of revenue left after covering the direct costs of producing oil and gas, so a 36.7% margin means COP keeps $0.367 of every sales dollar before other expenses.

That figure sits below the sector median of 46.4%, placing the company in the 32nd percentile among its peers. The year-over-year change is not available, but the quarter-over-quarter change is +34.4%, and the only two historical values listed show a jump from 27.3% to 36.7%. This combination of a below-median level with a sharp recent improvement suggests a company that is gaining efficiency but still trails the typical competitor, creating a wait-and-see risk profile rather than a clear edge. For an investor, the low percentile rank points to cost pressure versus peers, while the strong QoQ gain offers a potential upside if the improvement persists. This metric supports the overall NEUTRAL verdict: it neither confirms a durable advantage nor signals deterioration.

Frequently Asked Questions

What does the Gross Margin tell investors about COP?

Gross margin reveals pricing power and cost structure. Software companies often sustain 70–80%; manufacturers typically 30–50%. Expansion is a bullish signal.

How is the Gross Margin calculated?

Gross Margin is calculated as: Gross Profit / Revenue.

Who are COP's closest peers by Gross Margin?

The closest peers by Gross Margin include: LVS (46.9%), ORLY (51.4%), MPWR (55.2%), NEM (56.0%), REI (56.0%).

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Learn More About Gross Margin

Gross Margin vs Net Margin: Why the Gap Between Them Tells You Everything

Gross margin vs net margin: learn what the spread between them reveals about operating leverage, cost structure, and early warning signs in any stock.

The Formula

Gross Profit / Revenue

Why It Matters

Gross margin reveals pricing power and cost structure. Software companies often sustain 70–80%; manufacturers typically 30–50%. Expansion is a bullish signal.