Markel (MKL) Gross Margin (2009 - 2026)
Markel (MKL) posted quarterly Gross Margin of 67.14% for Q1 2026, up 2719.0% YoY from 2.38% in Q1 2025, and up 55.57% sequentially from 43.16% in Q3 2025.
Markel (MKL) Gross Margin (2009 - 2026) Analysis & Trends
Markel has disclosed Gross Margin across 14 years of filings, most recently posting 67.14% for Q1 2026.
- In Q1 2026, Gross Margin rose 2719.0% year-over-year to 67.14%; the TTM figure through Mar 2026 stood at 42.2% (down 29.0% YoY), while the FY2017 annual figure was 69.21%, down 958.0% from the prior year.
- Gross Margin advanced to 67.14% in Q1 2026, from 43.16% in the prior quarter.
- Over the last five years, Gross Margin for MKL reached as high as 67.14% in Q1 2026 and fell as low as 33.81% in Q3 2023.
- The 4-year median for Gross Margin is 40.66% (2024), against an average of 45.63%.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 3125 bps — and 2025, when it sank 2190 bps.
- A 4-year view of Gross Margin shows it stood at 33.81% in 2023, then jumped by 92 bps to 65.06% in 2024, then tumbled by 34 bps to 43.16% in 2025, then soared by 56 bps to 67.14% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 67.14%, 43.16%, and 39.86% for Q1 2026, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | 67.14% |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | 37.68% |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 58.50% |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 99.65% |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 46.48% |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 86.87% |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | - |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | -153.50% |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 39.99% |
| 10 | Assurant | 13.63 Bn | 11.71 Bn | 2.01 Bn | 72.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 67.14% |
| Sep 30, 2025 | 43.16% |
| Jun 30, 2025 | 39.86% |
| Mar 31, 2025 | 39.95% |
| Sep 30, 2024 | 65.06% |
| Jun 30, 2024 | 40.66% |
| Mar 31, 2024 | 39.47% |
| Sep 30, 2023 | 33.81% |
| Jun 30, 2023 | 41.52% |
| Sep 30, 2018 | 78.81% |
| Jun 30, 2018 | 70.04% |
| Mar 31, 2018 | 74.48% |
| Dec 31, 2017 | 77.04% |
| Sep 30, 2017 | 77.09% |
| Jun 30, 2017 | 79.83% |
| Mar 31, 2017 | 79.98% |
| Dec 31, 2016 | 77.07% |
| Sep 30, 2016 | 78.36% |
| Jun 30, 2016 | 79.80% |
| Mar 31, 2016 | 80.01% |