Seapeak (SEAL-PA) Gross Margin (2009 - 2026)
Seapeak (SEAL-PA) posted Gross Margin of 98.24% for Q1 2026, down 0.62% on a QoQ basis from 98.85% in Q4 2025, and up 160.0% year-over-year from 37.78% in Q1 2025.
Seapeak (SEAL-PA) Gross Margin (2009 - 2026) Analysis & Trends
Seapeak's Gross Margin history runs 18 years deep, the most recent figure standing at 98.24% for Q1 2026.
- Quarterly Gross Margin rose 160.0% year-over-year to 98.24% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 98.51% (up 48.0% YoY) and the FY2025 annual result came in at 98.1%, down 27.0% from the prior year.
- Gross Margin was 98.24% for Q1 2026 at Seapeak, down from 98.85% in the prior quarter.
- Across five years, Gross Margin topped out at 98.95% in Q2 2025 and bottomed at 90.88% in Q3 2022.
- A 5-year average of 97.05% and a median of 97.69% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin sank 420 bps — and 2023, when it soared 617 bps.
- Seapeak's Gross Margin stood at 95.89% in 2022, then gained by 2 bps to 97.34% in 2023, then rose by 1 bps to 98.18% in 2024, then gained by 1 bps to 98.85% in 2025, then dropped by 1 bps to 98.24% in 2026.
- Business Quant data shows SEAL-PA's Gross Margin at 98.24% in Q1 2026, 98.85% in Q4 2025, and 98.0% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 89.73% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 76.80% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 68.62% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | - |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.17% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 23.85% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 41.52% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 93.41% |
| 10 | Seapeak | 2.23 Bn | 2.12 Bn | 144.77 Mn | 98.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 98.24% |
| Dec 31, 2025 | 98.85% |
| Sep 30, 2025 | 98.00% |
| Jun 30, 2025 | 98.95% |
| Mar 31, 2025 | 96.64% |
| Dec 31, 2024 | 98.18% |
| Sep 30, 2024 | 98.39% |
| Jun 30, 2024 | 98.80% |
| Mar 31, 2024 | 98.11% |
| Dec 31, 2023 | 97.34% |
| Sep 30, 2023 | 97.05% |
| Jun 30, 2023 | 97.69% |
| Mar 31, 2023 | 96.12% |
| Dec 31, 2022 | 95.89% |
| Sep 30, 2022 | 90.88% |
| Jun 30, 2022 | 95.21% |
| Mar 31, 2022 | 95.54% |
| Dec 31, 2021 | 95.04% |
| Sep 30, 2021 | 95.07% |
| Jun 30, 2021 | 95.72% |