Alerian MLP Index ETN
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2009 | — | 31.1% | 11.7% |
| FY2010 | — | 36.7% | 16.9% |
| FY2011 | — | 41.5% | 19.5% |
| FY2012 | — | 41.2% | 21.9% |
| FY2013 | — | 37.0% | 18.4% |
| FY2014 | — | 40.6% | 22.9% |
| FY2015 | — | 40.8% | 26.1% |
| FY2016 | — | 45.9% | 25.6% |
| FY2017 | — | 49.4% | 24.3% |
| FY2018 | — | 56.8% | 29.9% |
| FY2019 | — | 61.9% | 31.5% |
| FY2020 | — | 38.2% | 24.3% |
| FY2021 | — | 53.5% | 39.7% |
| FY2022 | — | 56.2% | 29.3% |
| FY2023 | — | 90.4% | 31.3% |
| FY2024 | — | 42.3% | 32.9% |
| FY2025 | — | 39.8% | 31.3% |