Sempra (SRE) Gross Margin (2017 - 2026)
Sempra's Gross Margin came in at 96.40% for Q2 2026, up 8.36 percentage points from 88.03% a year earlier and up 9.86 percentage points from the prior quarter.
Sempra (SRE) Gross Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Sempra reported Gross Margin of 88.11%, up 0.72 percentage points year-over-year; for FY2025, it came in at 85.16%, down 1.52 percentage points from FY2024.
- Gross Margin carries a five-year change of +6.16 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 86.67% in FY2024 (+14.44 pp), 72.24% in FY2023 (+3.28 pp), 68.96% in FY2022 (-6.01 pp) and 74.97% in FY2021 (-4.03 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q4 2017.
- Year-over-year, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of +2.53 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q1 2024 (a gain of 24.92 percentage points), and the weakest in Q1 2023 (a drop of 15.68 percentage points).
- Business Quant data shows SRE's Gross Margin at 86.54% (Q1 2026), 85.01% (Q4 2025) and 85.75% (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 96.40% |
| Mar 31, 2026 | 86.54% |
| Dec 31, 2025 | 85.01% |
| Sep 30, 2025 | 85.75% |
| Jun 30, 2025 | 88.03% |
| Mar 31, 2025 | 82.54% |
| Dec 31, 2024 | 88.21% |
| Sep 30, 2024 | 92.26% |
| Jun 30, 2024 | 88.48% |
| Mar 31, 2024 | 79.34% |
| Dec 31, 2023 | 83.79% |
| Sep 30, 2023 | 81.82% |
| Jun 30, 2023 | 85.61% |
| Mar 31, 2023 | 54.42% |
| Dec 31, 2022 | 67.58% |
| Sep 30, 2022 | 68.15% |
| Jun 30, 2022 | 69.89% |
| Mar 31, 2022 | 70.10% |
| Dec 31, 2021 | 72.68% |
| Sep 30, 2021 | 72.98% |
Sempra Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SRE&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SRE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SRE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();