TotalEnergies SE (TTE) Gross Margin (2009 - 2026)
TotalEnergies SE's (TTE) quarterly Gross Margin came in at 37.98% in Q2 2026, down 326.0% on a YoY basis from 16.81% in Q2 2025, and down 23.28% quarter-over-quarter from 49.51% in Q1 2026.
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TotalEnergies SE (TTE) Gross Margin (2009 - 2026) Analysis & Trends
TotalEnergies SE (TTE) has reported Gross Margin for 18 consecutive years, with 37.98% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 326.0% year-over-year to 37.98%; the trailing twelve-month figure through Jun 2026 stood at 43.14% (up 214.0% YoY), and the FY2025 full-year result was 41.98%, up 148.0% from the prior year.
- Gross Margin eased to 37.98% in Q2 2026 per TTE's latest filing, from 49.51% in the prior quarter.
- Across five years, Gross Margin topped out at 49.51% in Q1 2026 and bottomed at 37.29% in Q4 2023.
- Historically, Gross Margin has averaged 40.84% across 5 years, with a median of 40.11% in 2024.
- The sharpest annual moves came in 2022 and 2026: Gross Margin tumbled 533 bps in 2022, then surged 856 bps in 2026.
- Over 5 years, Gross Margin stood at 39.41% in 2022, then slipped by 5 bps to 37.29% in 2023, then rose by 13 bps to 42.21% in 2024, then declined by 1 bps to 41.66% in 2025, then slipped by 9 bps to 37.98% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 37.98%, 49.51%, and 41.66% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 417.01 Bn | 408.48 Bn | 33.45 Bn | 47.75% |
| 2 | Shell | 282.76 Bn | 241.90 Bn | 30.13 Bn | 31.83% |
| 3 | TotalEnergies SE | 232.43 Bn | 200.71 Bn | 23.46 Bn | 37.98% |
| 4 | Eni Spa | 167.27 Bn | 151.69 Bn | - | - |
| 5 | Equinor Asa | 114.69 Bn | 105.36 Bn | - | - |
| 6 | Phillips 66 | 106.05 Bn | 101.95 Bn | 8.38 Bn | 16.10% |
| 7 | Suncor Energy | 83.98 Bn | 78.60 Bn | 17.50 Bn | 92.04% |
| 8 | Imperial Oil | 63.06 Bn | 61.00 Bn | - | - |
| 9 | Occidental Petroleum | 59.24 Bn | 55.09 Bn | 7.73 Bn | 95.88% |
| 10 | Cenovus Energy | 58.88 Bn | 56.91 Bn | 7.32 Bn | 93.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.98% |
| Mar 31, 2026 | 49.51% |
| Dec 31, 2025 | 41.66% |
| Sep 30, 2025 | 44.16% |
| Jun 30, 2025 | 41.25% |
| Mar 31, 2025 | 40.95% |
| Dec 31, 2024 | 42.21% |
| Sep 30, 2024 | 39.59% |
| Jun 30, 2024 | 40.24% |
| Mar 31, 2024 | 39.98% |
| Dec 31, 2023 | 37.29% |
| Sep 30, 2023 | 42.94% |
| Jun 30, 2023 | 39.82% |
| Mar 31, 2023 | 38.74% |
| Dec 31, 2022 | 39.41% |
| Sep 30, 2022 | 38.00% |
| Jun 30, 2022 | 39.23% |
| Mar 31, 2022 | 42.21% |
| Dec 31, 2021 | 34.56% |
| Sep 30, 2021 | 43.33% |