EQT Corporation stock research
FY2026 Q1
EQT (EQT) Gross Margin & Quarterly History
Explore EQT Corporation (EQT) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue increased substantially compared to both the prior quarter and the same quarter last year, while cost of revenue rose only modestly. As a result, gross profit grew and gross margin improved.
- The strongest observable driver of margin improvement was the significant increase in revenue relative to the change in cost of revenue.
- Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were higher, while cost of revenue was slightly higher. Year-over-year comparisons show a similar pattern of improvement.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
88.2%
Gross profit
$3.0B
Revenue
$3.4B
Cost of revenue
$400.3M
Quarter-over-quarter change
+4.4 pts
Year-over-year change
+9.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $2.6B | $2.2B | $389.1M | 84.8% |
| Sep 30, 2025 | $2.0B | $1.6B | $377.1M | 80.7% |
| Dec 31, 2025 | $2.4B | $2.0B | $387.6M | 83.8% |
| Mar 31, 2026 | $3.4B | $3.0B | $400.3M | 88.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+4.4 pts
Year-over-year change
Mar 31, 2025
+9.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver of margin improvement was the significant increase in revenue relative to the change in cost of revenue.
Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were higher, while cost of revenue was slightly higher. Year-over-year comparisons show a similar pattern of improvement.
Monitor the trend in cost of revenue, which has increased in absolute terms.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| EQT Corporation (EQT) | 88.2% |