TotalEnergies SE (BUE:TTE) Gross Margin % : 26.59% (As of Sep. 2024)

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What is TotalEnergies SE Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. TotalEnergies SE's Gross Profit for the three months ended in Sep. 2024 was ARS11,987,705 Mil. TotalEnergies SE's Revenue for the three months ended in Sep. 2024 was ARS45,081,263 Mil. Therefore, TotalEnergies SE's Gross Margin % for the quarter that ended in Sep. 2024 was 26.59%.

The historical rank and industry rank for TotalEnergies SE's Gross Margin % or its related term are showing as below:

BUE:TTE' s Gross Margin % Range Over the Past 10 Years
Min: 16.38 Med: 23.96 Max: 30.84
Current: 27.53

During the past 13 years, the highest Gross Margin % of TotalEnergies SE was 30.84%. The lowest was 16.38%. And the median was 23.96%.

BUE:TTE's Gross Margin % is ranked worse than
50.11% of 904 companies
in the Oil & Gas industry
Industry Median: 27.535 vs BUE:TTE: 27.53

TotalEnergies SE had a gross margin of 26.59% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for TotalEnergies SE was 6.00% per year.

TotalEnergies SE Gross Margin % Historical Data

The historical data trend for TotalEnergies SE's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TotalEnergies SE Gross Margin % Chart

TotalEnergies SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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24.98

16.38

28.17

30.84

28.49

TotalEnergies SE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															32.50	25.70	29.22	28.65	26.59

Competitive Comparison of TotalEnergies SE's Gross Margin %

For the Oil & Gas Integrated subindustry, TotalEnergies SE's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TotalEnergies SE's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TotalEnergies SE's Gross Margin % distribution charts can be found below:

* The bar in red indicates where TotalEnergies SE's Gross Margin % falls into.

TotalEnergies SE Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

TotalEnergies SE's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	22516653	/	79039145.071
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(79039145.071 - 56522492.051)	/	79039145.071
	=	28.49 %

TotalEnergies SE's Gross Margin for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	11987705.5	/	45081262.519
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(45081262.519 - 33093557.046)	/	45081262.519
	=	26.59 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

TotalEnergies SE (BUE:TTE) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

TotalEnergies SE had a gross margin of 26.59% for the quarter that ended in Sep. 2024 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

TotalEnergies SE Gross Margin % Related Terms

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TotalEnergies SE Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

TTFNF:USA TTE:USA TTEN:Mexico TOT N:Mexico TTEp:UK TTE:UK TTE:France TOTB:Germany FP:Austria

Address

2, Place Jean Millier, La Defense 6, Courbevoie, FRA, 92400

Website

https://www.totalenergies.com

TotalEnergies is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.6 million barrels of liquids and 5.0 billion cubic feet of natural gas per day. At end-2023, reserves stood at 10.6 billion barrels of oil equivalent, 56% of which are liquids. During 2023, it had LNG sales of 44.3 metric tons. The company owns interests in refineries with capacity of nearly 2.0 million barrels a day, primarily in Europe, distributes refined products in 65 countries, and manufactures commodity and specialty chemicals. At year-end, its gross installed renewable power generation capacity was 22.4 gigawatts.