Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 38.46% is in line with its 5-year average of 34.97%, around the middle of its 5-year range (27.11%–43.75%).
0.61% above its 12-month average of 38.23%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 36.97%.
GROSS MARGIN
38.46%
GROSS MARGIN AVG TTM
38.23%
GROSS MARGIN AVG 3Y
36.96%
GROSS MARGIN AVG 5Y
34.97%
GROSS MARGIN AVG 10Y
38.68%
GROSS MARGIN AVG 15Y
42.24%
GROSS MARGIN AVG 20Y
46.46%
CURRENT VS TTM AVG
+0.61%
CURRENT VS 3Y AVG
+4.06%
CURRENT VS 5Y AVG
+9.96%
CURRENT VS 10Y AVG
-0.56%
CURRENT VS 15Y AVG
-8.95%
CURRENT VS 20Y AVG
-17.22%
SECTOR MEDIAN · TECHNOLOGY
48.22%
median of 445 covered companies
CURRENT VS SECTOR MEDIAN
-20.24%
vs the sector median at left
ADTRAN Holdings Inc.
Market Cap
$583.19M
Gross Margin
38.46%
TTM Avg
38.23%
3Y Avg
36.96%
5Y Avg
34.97%
Market Cap
$549.81M
Gross Margin
19.28%
TTM Avg
17.71%
3Y Avg
17.21%
5Y Avg
19.36%
Market Cap
$625.41M
Gross Margin
40.28%
TTM Avg
40.98%
3Y Avg
25.66%
5Y Avg
30.95%
Market Cap
$631.66M
Gross Margin
15.77%
TTM Avg
17.84%
3Y Avg
17.76%
5Y Avg
16.72%
Market Cap
$637.66M
Gross Margin
34.72%
TTM Avg
35.39%
3Y Avg
36.45%
5Y Avg
37.45%
Market Cap
$648.61M
Gross Margin
72.96%
TTM Avg
71.42%
3Y Avg
68.29%
5Y Avg
69.22%
Market Cap
$667.92M
Gross Margin
30.33%
TTM Avg
33.31%
3Y Avg
35.58%
5Y Avg
33.39%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ADTRAN Holdings Inc. (ADTN) | $583.19M | 38.46% | 38.23% | 36.96% | 34.97% |
| IBEX Limited (IBEX)vs › | $581.62M | 29.17% | 30.04% | 29.57% | 27.80% |
| Docebo Inc. (DCBO)vs › | $601.06M | 79.40% | 80.62% | 80.61% | 80.69% |
| Methode Electronics, Inc. (MEI)vs › | $549.81M | 19.28% | 17.71% | 17.21% | 19.36% |
| indie Semiconductor, Inc. (INDI)vs › | $625.41M | 40.28% | 40.98% | 25.66% | 30.95% |
| Climb Global Solutions, Inc. (CLMB)vs › | $631.66M | 15.77% | 17.84% | 17.76% | 16.72% |
| Grid Dynamics Holdings, Inc. (GDYN)vs › | $637.66M | 34.72% | 35.39% | 36.45% | 37.45% |
| Cognyte Software Ltd. (CGNT)vs › | $648.61M | 72.96% | 71.42% | 68.29% | 69.22% |
| Gilat Satellite Networks Ltd. (GILT)vs › | $667.92M | 30.33% | 33.31% | 35.58% | 33.39% |
| Consensus Cloud Solutions, Inc. (CCSI)vs › | $668.40M | 80.24% | 79.96% | 81.00% | 81.90% |
Gross Margin
38.5%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 36.97% |
| 2026-03-31 | 39.49% |
| 2025-12-31 | 39.01% |
| 2025-09-30 | 38.34% |
| 2025-06-30 | 37.32% |
| 2025-03-31 | 38.42% |
| 2024-12-31 | 37.57% |
| 2024-09-30 | 37.44% |
| 2024-06-30 | 36.10% |
| 2024-03-31 | 31.09% |
| 2023-12-31 | 34.80% |
| 2023-09-30 | 27.26% |
| 2023-06-30 | 28.27% |
| 2023-03-31 | 27.11% |
| 2022-12-31 | 29.98% |
| 2022-09-30 | 30.24% |
| 2022-06-30 | 36.33% |
| 2022-03-31 | 35.15% |
| 2021-12-31 | 35.31% |
| 2021-09-30 | 34.53% |
| 2021-06-30 | 43.75% |
| 2021-03-31 | 42.03% |
| 2020-12-31 | 41.13% |
| 2020-09-30 | 44.28% |
| 2020-06-30 | 41.54% |
| 2020-03-31 | 45.06% |
| 2019-12-31 | 40.63% |
| 2019-09-30 | 40.61% |
| 2019-06-30 | 41.57% |
| 2019-03-31 | 42.15% |
| 2018-12-31 | 39.54% |
| 2018-09-30 | 41.65% |
| 2018-06-30 | 39.04% |
| 2018-03-31 | 32.89% |
| 2017-12-31 | 46.48% |
| 2017-09-30 | 46.73% |
| 2017-06-30 | 45.83% |
| 2017-03-31 | 43.29% |
| 2016-12-31 | 43.43% |
| 2016-09-30 | 44.89% |
| 2016-06-30 | 48.53% |
| 2016-03-31 | 46.27% |
| 2015-12-31 | 44.92% |
| 2015-09-30 | 44.69% |
| 2015-06-30 | 42.62% |
| 2015-03-31 | 45.90% |
| 2014-12-31 | 47.56% |
| 2014-09-30 | 48.04% |
| 2014-06-30 | 49.28% |
| 2014-03-31 | 52.92% |
| 2013-12-31 | 48.31% |
| 2013-09-30 | 46.53% |
| 2013-06-30 | 49.19% |
| 2013-03-31 | 48.72% |
| 2012-12-31 | 48.21% |
| 2012-09-30 | 49.33% |
| 2012-06-30 | 51.74% |
| 2012-03-31 | 54.99% |
| 2011-12-31 | 56.60% |
| 2011-09-30 | 56.96% |
| 2011-06-30 | 57.99% |
| 2011-03-31 | 59.69% |
| 2010-12-31 | 58.61% |
| 2010-09-30 | 59.71% |
| 2010-06-30 | 59.41% |
| 2010-03-31 | 59.30% |
| 2009-12-31 | 59.05% |
| 2009-09-30 | 58.14% |
| 2009-06-30 | 58.99% |
| 2009-03-31 | 61.13% |
| 2008-12-31 | 60.12% |
| 2008-09-30 | 59.54% |
| 2008-06-30 | 60.52% |
| 2008-03-31 | 58.59% |
| 2007-12-31 | 58.43% |
| 2007-09-30 | 59.86% |
| 2007-06-30 | 59.48% |
| 2007-03-31 | 59.64% |
| 2006-12-31 | 58.09% |
| 2006-09-30 | 59.28% |
| 2006-06-30 | 59.23% |
| 2006-03-31 | 59.37% |
| 2005-12-31 | 59.91% |
| 2005-09-30 | 59.87% |
| 2005-06-30 | 58.50% |
| 2005-03-31 | 57.59% |
| 2004-12-31 | 56.37% |
| 2004-09-30 | 57.97% |
| 2004-06-30 | 57.84% |
| 2004-03-31 | 57.45% |
| 2003-12-31 | 58.26% |
| 2003-09-30 | 55.48% |
| 2003-06-30 | 54.96% |
| 2003-03-31 | 54.60% |
| 2002-12-31 | 54.77% |
| 2002-09-30 | 51.63% |
