Coterra Energy Inc. (CTRA) Gross Margin (2009 - 2026)
Coterra Energy's (CTRA) quarterly Gross Margin came in at 87.78% in Q1 2026, down 88.0% year-on-year from 731.49% in Q1 2025, and up 3.4% quarter-over-quarter from 84.89% in Q4 2025.
Coterra Energy Inc. (CTRA) Gross Margin (2009 - 2026) Analysis & Trends
Coterra Energy has disclosed Gross Margin across 18 years of filings, most recently posting 87.78% for Q1 2026.
- Gross Margin for Q1 2026 came in at 87.78%, down 88.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 86.38% (down 149.0% YoY), and the FY2025 annual result was 86.62%, down 133.0% from the prior year.
- Gross Margin came in at 87.78% for Q1 2026 at Coterra Energy, up from 84.89% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 95.6% in Q2 2022 to a low of 84.33% in Q3 2025.
- The 5-year median for Gross Margin is 89.11% (2024), against an average of 89.67%.
- Across the five-year window, Gross Margin plunged 646 bps in 2023 and soared 58 bps in 2025, its largest moves.
- Coterra Energy's Gross Margin stood at 94.08% in 2022, then dropped by 5 bps to 89.23% in 2023, then dropped by 2 bps to 87.76% in 2024, then fell by 3 bps to 84.89% in 2025, then gained by 3 bps to 87.78% in 2026.
- The last three Gross Margin figures came in at 87.78% (Q1 2026), 84.89% (Q4 2025), and 84.33% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 85.25% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 60.14% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | - |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 93.19% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 99.43% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 54.61% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 88.15% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 98.87% |
| 10 | CTRA | 24.71 Bn | 24.40 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 87.78% |
| Dec 31, 2025 | 84.89% |
| Sep 30, 2025 | 84.33% |
| Jun 30, 2025 | 87.99% |
| Mar 31, 2025 | 88.66% |
| Dec 31, 2024 | 87.76% |
| Sep 30, 2024 | 87.26% |
| Jun 30, 2024 | 87.41% |
| Mar 31, 2024 | 89.11% |
| Dec 31, 2023 | 89.23% |
| Sep 30, 2023 | 89.87% |
| Jun 30, 2023 | 89.14% |
| Mar 31, 2023 | 91.82% |
| Dec 31, 2022 | 94.08% |
| Sep 30, 2022 | 95.32% |
| Jun 30, 2022 | 95.60% |
| Mar 31, 2022 | 94.04% |
| Dec 31, 2021 | 94.70% |
| Sep 30, 2021 | 95.23% |
| Jun 30, 2021 | 95.06% |