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
DateValue
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%