Ecopetrol (EC) Gross Margin (2009 - 2026)
Ecopetrol's (EC) quarterly Gross Margin came in at 38.84% in Q1 2026, up 486.0% year-on-year from 6.63% in Q1 2025, and up 138.39% quarter-over-quarter from 16.29% in Q4 2025.
Ecopetrol (EC) Gross Margin (2009 - 2026) Analysis & Trends
Ecopetrol has disclosed Gross Margin across 11 years of filings, most recently posting 38.84% for Q1 2026.
- Gross Margin for Q1 2026 came in at 38.84%, up 486.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 31.05% (down 122.0% YoY), and the FY2025 annual result was 17.02%, up 149.0% from the prior year.
- Gross Margin came in at 38.84% for Q1 2026 at Ecopetrol, up from 16.29% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 47.41% in Q2 2022 to a low of 16.22% in Q4 2024.
- The 5-year median for Gross Margin is 37.36% (2023), against an average of 35.68%.
- Across the five-year window, Gross Margin soared 620 bps in 2022 and slumped 1679 bps in 2024, its largest moves.
- Ecopetrol's Gross Margin stood at 39.5% in 2022, then retreated by 16 bps to 33.01% in 2023, then tumbled by 51 bps to 16.22% in 2024, then grew by 0 bps to 16.29% in 2025, then jumped by 138 bps to 38.84% in 2026.
- The last three Gross Margin figures came in at 38.84% (Q1 2026), 16.29% (Q4 2025), and 33.41% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | 48.18% |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | - |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | 49.51% |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | 41.85% |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 71.73% |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | - |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | - |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | 66.17% |
| 10 | Ecopetrol | - | - | 11,119.00 Bn | 38.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.84% |
| Dec 31, 2025 | 16.29% |
| Sep 30, 2025 | 33.41% |
| Jun 30, 2025 | 28.68% |
| Mar 31, 2025 | 33.99% |
| Dec 31, 2024 | 16.22% |
| Sep 30, 2024 | 34.57% |
| Jun 30, 2024 | 36.92% |
| Mar 31, 2024 | 39.10% |
| Dec 31, 2023 | 33.01% |
| Sep 30, 2023 | 41.35% |
| Jun 30, 2023 | 37.36% |
| Mar 31, 2023 | 41.37% |
| Dec 31, 2022 | 39.50% |
| Sep 30, 2022 | 43.75% |
| Jun 30, 2022 | 47.41% |
| Mar 31, 2022 | 44.76% |
| Dec 31, 2021 | 39.76% |
| Sep 30, 2021 | 37.83% |
| Jun 30, 2021 | 41.21% |