Trio PetroleumTPET +0.80%34 Gross Margin % is -50.96% as of Apr. 2026. GuruFocus rates TPET with a GF Score™ of 34/100. The stock has 5 warning signs investors should review. Among 867 Oil & Gas companies, Trio Petroleum ranks worse than 57.67% on this metric.
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
Trio Petroleum had a gross margin of -50.96% for the quarter that ended in Apr. 2026 => No sustainable competitive advantage
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.
Trio Petroleum Gross Margin % Related Terms
Trio Petroleum Gross Margin % Historical Data
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The historical data trend for Trio Petroleum'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.
TPET vs BRN, GULTU, ROYL: Gross Margin % Comparison
For the Oil & Gas E&P subindustry, Trio Petroleum'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.
Trio Petroleum Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Trio Petroleum's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Trio Petroleum'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.
Trio Petroleum (TPET) has a Gross Margin % of -50.96% as of Apr. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Trio Petroleum and its competitors. Over the past decade, Trio Petroleum's Gross Margin % has ranged from 21.04 to 55.89. According to the industry distribution chart, Trio Petroleum ranks #500 out of 867 companies in the Oil & Gas industry, placing it in the top 57.7%.
Is Trio Petroleum's Gross Margin % too high?
Trio Petroleum's current Gross Margin % is -50.96%. Over the past 10 years, this metric has ranged from a low of 21.04 to a high of 55.89. Based on the distribution chart, Trio Petroleum ranks #500 out of 867 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Trio Petroleum has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Trio Petroleum's Gross Margin % compare to BRN and GULTU?
According to the Oil & Gas industry distribution chart, Trio Petroleum ranks #500 out of 867 companies for Gross Margin %. This places Trio Petroleum in the lower half of its industry. The industry median Gross Margin % is 25.70. Historically, Trio Petroleum's own Gross Margin % has ranged from 21.04 to 55.89 over the past decade. 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. 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 Trio Petroleum 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. Trio Petroleum's current Gross Margin % is -50.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trio Petroleum stock overvalued right now?
Trio Petroleum (TPET) has a current Gross Margin % of -50.96%. The current Gross Margin % is -50.96%. Trio Petroleum's overall GF Score™ is 34/100 with 5 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 Trio Petroleum (TPET), the current Gross Margin % is -50.96% as of Apr. 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.
Trio Petroleum Corp is an oil and gas exploration and development company with operations in Monterey County, California, and Uintah County, Utah. The Company holds a working interest in the South Salinas Project and a mineral leasehold consisting of a largely contiguous land package. The South Salinas Project includes six existing idle wells and one active well (the HV-1 well). Trio LLC is a licensed operator in California and operates the South Salinas Project and the McCool Ranch Oil Field on behalf of the Company.
34GF Score
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