Petrobras - Petroleo Brasileiro (PBR-A) Gross Margin (2009 - 2026)
Petrobras - Petroleo Brasileiro (PBR-A) posted Gross Margin of 48.18% for Q1 2026, little changed sequentially from 48.21% in Q3 2025, and down 111.0% YoY from 438.03% in Q1 2025.
Petrobras - Petroleo Brasileiro (PBR-A) Gross Margin (2009 - 2026) Analysis & Trends
Petrobras - Petroleo Brasileiro has reported Gross Margin for 18 years, with the latest figure at 48.18% in Q1 2026.
- Quarterly Gross Margin fell 111.0% year-over-year to 48.18% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 48.42% (down 188.0% YoY) and the FY2025 annual result came in at 47.6%, down 269.0% from the prior year.
- Gross Margin held at 48.18% in Q1 2026 per PBR-A's latest filing, from 48.21% in the prior quarter.
- Over five years, Gross Margin peaked at 56.08% in Q2 2022 and troughed at 47.96% in Q4 2024.
- A 5-year average of 50.9% and a median of 50.88% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin surged 574 bps in 2023, then plunged 610 bps in 2024.
- Over 5 years, Gross Margin stood at 48.32% in 2022, then climbed by 12 bps to 54.06% in 2023, then retreated by 11 bps to 47.96% in 2024, then gained by 1 bps to 48.21% in 2025, then retreated by 0 bps to 48.18% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 48.18%, 48.21%, and 48.44% for Q1 2026, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | 48.18% |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | - |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | 41.85% |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | - |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 31.83% |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | - |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 59.43% |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | - |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 32.91% |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | 35.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 48.18% |
| Sep 30, 2025 | 48.21% |
| Jun 30, 2025 | 48.44% |
| Mar 31, 2025 | 49.30% |
| Dec 31, 2024 | 47.96% |
| Sep 30, 2024 | 50.98% |
| Jun 30, 2024 | 50.78% |
| Mar 31, 2024 | 51.57% |
| Dec 31, 2023 | 54.06% |
| Sep 30, 2023 | 53.11% |
| Jun 30, 2023 | 50.64% |
| Mar 31, 2023 | 52.72% |
| Dec 31, 2022 | 48.32% |
| Sep 30, 2022 | 51.02% |
| Jun 30, 2022 | 56.08% |
| Mar 31, 2022 | 53.00% |
| Sep 30, 2021 | 50.43% |
| Jun 30, 2021 | 51.34% |
| Mar 31, 2021 | 51.01% |
| Dec 31, 2020 | 54.11% |