EcopetrolEC -5.93%65 Gross Margin % is 38.84% as of Mar. 2026, which is 8% above its 10-year median of 36.12. GuruFocus rates EC with a GF Score™ of 65/100 and a GF Value™ of $10.29 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 867 Oil & Gas companies, Ecopetrol ranks better than 59.63% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Ecopetrol's Gross Profit for the
three
months ended in Mar. 2026 was $3,025 Mil. Ecopetrol's Revenue for the
three
months ended in Mar. 2026 was $7,789 Mil. Therefore, Ecopetrol's Gross Margin % for the quarter that ended in Mar. 2026 was 38.84%.
The historical rank and industry rank for Ecopetrol's Gross Margin % or its related term are showing as below:
EC'
s Gross Margin % Range Over the Past 10 Years
Min: 25.2 Med: 36.12 Max: 43.95
Current: 32.57
During the past 13 years, the highestGross Margin % of Ecopetrol was 43.95%. The lowest was 25.20%. And the median was 36.12%.
EC's Gross Margin % is ranked better than 59.63% of 867
companies
in the Oil & Gas industry
Industry Median: 25.7
vs EC: 32.57
Ecopetrol had a gross margin of 38.84% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Ecopetrol was 1.80% per year.
Ecopetrol (NYSE:EC) 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
Ecopetrol had a gross margin of 38.84% for the quarter that ended in Mar. 2026 => 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.
Ecopetrol Gross Margin % Related Terms
Ecopetrol Gross Margin % Historical Data
* Premium members only.
The historical data trend for Ecopetrol'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.
For the Oil & Gas Integrated subindustry, Ecopetrol'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.
Ecopetrol Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ecopetrol's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ecopetrol's Gross Margin % falls into.
* 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.
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.
Ecopetrol (EC) has a Gross Margin % of 38.84% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Ecopetrol and its competitors. This is near median its historical median of 36.12. Over the past decade, Ecopetrol's Gross Margin % has ranged from 25.20 to 43.95. According to the industry distribution chart, Ecopetrol ranks #350 out of 867 companies in the Oil & Gas industry, placing it in the top 40.4%.
Is Ecopetrol's Gross Margin % too high?
Ecopetrol's current Gross Margin % of 38.84% is near median its 10-year median of 36.12. Over the past 10 years, this metric has ranged from a low of 25.20 to a high of 43.95. The Oil & Gas industry median Gross Margin % is 25.70. Ecopetrol's value of 38.84% is 51.1% above this industry median. Based on the distribution chart, Ecopetrol ranks #350 out of 867 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Ecopetrol has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecopetrol's Gross Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Ecopetrol ranks #350 out of 867 companies for Gross Margin %. This puts Ecopetrol in the upper half of its industry. The industry median Gross Margin % is 25.70. Ecopetrol's value of 38.84% is 51.1% above this benchmark. Historically, Ecopetrol's own Gross Margin % has ranged from 25.20 to 43.95 over the past decade. While the company's 10-year median is 36.12 vs. the industry median of 25.70, Ecopetrol has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 867 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ecopetrol's current Gross Margin % of 38.84% is 51.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Ecopetrol and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecopetrol's current Gross Margin % is 38.84%, which is near median its own 10-year median of 36.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecopetrol stock overvalued right now?
Based on GuruFocus' analysis, Ecopetrol (EC) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.29, compared to a current price of $14.59 — trading 41.8% above its estimated fair value. The current Gross Margin % is 38.84%, which is near median its 10-year median of 36.12 and 51.1% above the Oil & Gas industry median of 25.70. Ecopetrol's overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Ecopetrol (EC), the current Gross Margin % is 38.84% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ecopetrol (EC) Overvalued in 2026?
Based on GuruFocus' analysis, Ecopetrol stock appears to be overvalued.
The current stock price of $14.59 is trading 41.8% above its estimated GF Value™ of $10.29.
GuruFocus considers Ecopetrol to be Significantly Overvalued.
Key valuation signals for EC:
Gross Margin %: 38.84% (near median its 10-year median of 36.12)
GF Value™: $10.29 vs. price of $14.59 (41.8% above fair value)
Industry Position: 51.1% above the Oil & Gas median (#350 of 867)
No single metric tells the full story. See the EC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ecopetrol SA is engaged in commercial and industrial activities related to the exploration, exploitation, refining, transportation, storage, distribution, and marketing of hydrocarbons, their derivatives, and products, as well as the electric power transmission services, design, development, construction, operation, and maintenance of road and energy infrastructure projects and the provision of information technology and telecommunications services. The operations of the company are performed through four business segments: Exploration and Production, Transport and Logistics, Refining and Petrochemical, and Electric Power Transmission and Toll Roads Concessions. The majority of the company's revenue is generated from the Exploration and Production segment.
65GF Score
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