Ecopetrol (EC) Operating Margin (2009 - 2026)

Ecopetrol has disclosed Operating Margin across 11 years of filings, most recently posting 29.92% for Q1 2026.

• Operating Margin for Q1 2026 came in at 29.92%, up 320.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.41% (down 249.0% YoY), and the FY2025 annual result was 10.03%, down 109.0% from the prior year.
• Operating Margin came in at 29.92% for Q1 2026 at Ecopetrol, up from 10.63% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 42.4% in Q2 2022 to a low of 9.9% in Q4 2024.
• The 5-year median for Operating Margin is 29.92% (2026), against an average of 28.28%.
• Across the five-year window, Operating Margin jumped 921 bps in 2022 and slumped 1223 bps in 2024, its largest moves.
• Ecopetrol's Operating Margin stood at 30.28% in 2022, then slipped by 27 bps to 22.13% in 2023, then slumped by 55 bps to 9.9% in 2024, then climbed by 7 bps to 10.63% in 2025, then jumped by 181 bps to 29.92% in 2026.
• The last three Operating Margin figures came in at 29.92% (Q1 2026), 10.63% (Q4 2025), and 24.58% (Q3 2025), per Business Quant data.