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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on SalesTimes Interest Earned

Shell (SHEL) Gross Margin (2018 - 2025)

Shell filings provide 9 years of Gross Margin readings, the most recent being 96.18% for Q2 2025.

  • On a quarterly basis, Gross Margin fell 20.0% to 96.18% in Q2 2025 year-over-year; TTM through Jun 2025 was 87.25%, a 948.0% decrease, with the full-year FY2025 number at 33.61%, down 131.0% from a year prior.
  • Gross Margin hit 96.18% in Q2 2025 for Shell, roughly flat from 96.53% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 100.0% in Q4 2021 to a low of 178.23% in Q3 2021.
  • Median Gross Margin over the past 5 years was 97.07% (2023), compared with a mean of 68.37%.
  • Biggest five-year swings in Gross Margin: soared 43807bps in 2021 and later crashed -3905bps in 2024.
  • Shell's Gross Margin stood at 100.0% in 2021, then decreased by -1bps to 99.25% in 2022, then decreased by -2bps to 97.6% in 2023, then tumbled by -40bps to 58.47% in 2024, then skyrocketed by 64bps to 96.18% in 2025.
  • The last three reported values for Gross Margin were 96.18% (Q2 2025), 96.53% (Q1 2025), and 58.47% (Q4 2024) per Business Quant data.