Marathon Oil Gross Margin 2010-2024 | MRO
- Marathon Oil average gross margin for 2023 was 88.23%, a 3.19% decline from 2022.
- Marathon Oil average gross margin for 2022 was 91.14%, a 3.91% decline from 2021.
- Marathon Oil average gross margin for 2021 was 87.71%, a 4.48% increase from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.