Trio Petroleum (TPET) Gross Margin (2024 - 2026)
Trio Petroleum (TPET) recorded Gross Margin of 31.03% in fiscal Q3 2026 (quarter ended Jul 31, 2026), down 17.78 percentage points from 48.81% a year earlier but up 81.96 percentage points from the prior quarter.
Trio Petroleum (TPET) Gross Margin (2024 - 2026) Analysis & Trends
On a TTM basis, Trio Petroleum's Gross Margin came in at 18.81% as of Jul 31, 2026, down 45.71 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it was 55.93%, down 44.07 percentage points from FY2024.
- Across earlier fiscal years, Gross Margin came in at 100.00% in FY2024.
- Quarterly Gross Margin has ranged from -50.93% in fiscal Q2 2026 to 100.00% in fiscal Q1 2025 over the past five years.
- On a year-over-year basis, Gross Margin has declined for six consecutive quarters, with an average year-over-year change of -52.56 percentage points over the last six quarters.
- Per Business Quant, the preceding three fiscal quarters came in at -50.93% (Q2 2026), 44.02% (Q1 2026) and 60.54% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 31.83% |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | 47.75% |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | - |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | - |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 65.62% |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | - |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | 16.10% |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | - |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | - |
| 10 | Trio Petroleum | 9.05 Mn | -38.91 Mn | 108,153.00 | 31.03% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 31.03% |
| Apr 30, 2026 | -50.93% |
| Jan 31, 2026 | 44.02% |
| Oct 31, 2025 | 60.54% |
| Jul 31, 2025 | 48.81% |
| Apr 30, 2025 | 60.20% |
| Jan 31, 2025 | 100.00% |
| Oct 31, 2024 | 100.00% |
| Jul 31, 2024 | 100.00% |
| Apr 30, 2024 | 100.00% |
Trio Petroleum 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=TPET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TPET", "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=TPET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();