Top Energy Companies by Net Margin
Trailing-twelve-month net margin for the largest Energy filers, ranked in USD. Switch axes via the column headers.
How TTM margins are measured
Margins divide a profitability line by trailing-twelve-month revenue, expressed as a percentage. Each column on this page measures a different layer of the income statement — gross strips only direct production costs; operating subtracts overhead, R&D and D&A; EBITDA adds D&A back to operating; net subtracts interest and taxes; FCF replaces accrual profit with operating cash flow minus capex. Together they describe where a business actually makes its money.
Margins make capital-light franchises directly comparable to capital-heavy ones — a software filer with a 35% operating margin runs a different model than a global retailer at 6%. To compare absolute scale instead of percentages see the revenue ranking and net income ranking. Non-USD filers are ranked on USD-translated TTM lines so peers stay comparable. Rankings USD translation methodology · IFRS IAS 21 (official)
Calculated from each company's four most recent reported quarters, as of (reported ).
Sector scopeEnergyChange sectorChange sector
Top energy companies by net margin
Click a column header to re-order rows. Company names link to each ticker's profile page.
| # | |||||||
|---|---|---|---|---|---|---|---|
| 1 | EQT (EQT) | Energy | 64.0% | 46.7% | 74.1% | 33.4% | 40.5% |
| 2 | First Solar (FSLR) | Energy | 40.6% | 30.6% | 41.3% | 29.3% | 22.7% |
| 3 | National Fuel Gas (NFG) | Energy | 51.5% | 42.3% | 63.7% | 27.6% | 8.6% |
| 4 | Coterra Energy (CTRA) | Energy | 36.2% | 29.4% | 65.8% | 23.3% | 22.2% |
| 5 | Expand Energy (EXE) | Energy | 63.1% | 29.0% | 49.6% | 22.9% | 20.3% |
| 6 | EOG Resources (EOG) | Energy | 68.1% | 35.1% | 50.1% | 22.1% | 15.8% |
| 7 | Williams Companies (WMB) | Energy | 57.2% | 36.8% | 62.1% | 21.9% | 7.5% |
| 8 | Kinder Morgan (KMI) | Energy | 46.9% | 28.6% | 43.2% | 18.9% | 22.2% |
| 9 | APA (APA) | Energy | 38.1% | 30.9% | 61.2% | 16.1% | 19.9% |
| 10 | Devon Energy (DVN) | Energy | 22.7% | 19.8% | 44.3% | 15.9% | 18.4% |
| 11 | Sunrun (RUN) | Energy | 28.6% | -4.3% | 20.2% | 15.2% | -37.1% |
| 12 | ConocoPhillips (COP) | Energy | 24.6% | 19.6% | 39.5% | 13.6% | 28.6% |
| 13 | Enbridge (ENB) | Energy | 33.0% | 16.8% | 31.4% | 11.5% | — |
| 14 | Baker Hughes (BKR) | Energy | 23.6% | 13.0% | 16.3% | 11.2% | 8.2% |
| 15 | Diamondback Energy (FANG) | Energy | 35.1% | 32.8% | 47.8% | 11.1% | 9.1% |
| 16 | Targa Resources (TRGP) | Energy | 26.5% | 20.1% | 28.3% | 10.8% | 3.4% |
| 17 | ONEOK (OKE) | Energy | 21.5% | 20.7% | 23.2% | 10.1% | 7.3% |
| 18 | Occidental Petroleum (OXY) | Energy | 32.1% | 16.4% | 50.1% | 9.2% | 16.5% |
| 19 | SLB (SLB) | Energy | 17.3% | 14.4% | 19.6% | 9.2% | 13.3% |
| 20 | Exxon Mobil (XOM) | Energy | 21.7% | 10.5% | 21.0% | 8.9% | 7.3% |
| 21 | Enphase Energy (ENPH) | Energy | 44.2% | 6.8% | 13.5% | 8.7% | 10.4% |
| 22 | Halliburton (HAL) | Energy | 15.3% | 11.3% | 17.3% | 6.9% | 7.6% |
| 23 | Chevron (CVX) | Energy | 30.4% | 9.0% | 22.5% | 6.7% | 8.8% |
| 24 | Energy Transfer LP (ET) | Energy | 21.8% | 11.4% | 18.1% | 5.9% | 4.7% |
| 25 | Phillips 66 (PSX) | Energy | 4.9% | 2.5% | 7.4% | 3.3% | 2.1% |
| 26 | Marathon Petroleum (MPC) | Energy | 7.5% | 4.3% | 8.8% | 3.0% | 3.6% |
| 27 | Valero Energy (VLO) | Energy | 5.4% | 2.6% | 5.3% | 1.9% | 4.4% |
Sorted by Net Margin · Ranks (#) are among the loaded leaderboard rows, not worldwide.