Chevron Corporation (CVX): gross margin, 10 filed years
Gross margin at Chevron Corporation was 42.8% in FY2025, the newest filed year. Across the 10 computed years from FY2016 it ranged from 40.7% (FY2023) to 48.2% (FY2016), with a median of 43.2%.
Tonight's figure on the company page: 42.8%, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.
Year by year
| Fiscal year | Gross margin | Read from |
|---|---|---|
| FY2016 | 48.2% | 10-K, filed 2017-02-23 |
| FY2017 | 46.5% | 10-K, filed 2018-02-22 |
| FY2018 | 43.1% | 10-K, filed 2019-02-22 |
| FY2019 | 45.3% | 10-K, filed 2020-02-21 |
| FY2020 | 44.9% | 10-K, filed 2021-02-25 |
| FY2021 | 43.2% | 10-K, filed 2022-02-24 |
| FY2022 | 41.0% | 10-K, filed 2023-02-23 |
| FY2023 | 40.7% | 10-K, filed 2024-02-26 |
| FY2024 | 41.2% | 10-K, filed 2025-02-21 |
| FY2025 | 42.8% | 10-K, filed 2026-02-24 |
How each year is computed
Gross profit / revenue x 100
Each year is a ratio of lines in that year's filed annual report, with the nightly recompute's own rules for what counts as a filed line. Nothing is estimated, smoothed or filled in: a year that cannot be computed says why.
Read further
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.