Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 38.61% is in line with its 5-year average of 37.68%, near the high end of its 5-year range (34.55%–40.04%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.29% below its 12-month average of 38.73%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
38.61%
GROSS MARGIN AVG TTM
38.73%
GROSS MARGIN AVG 3Y
38.48%
GROSS MARGIN AVG 5Y
37.83%
GROSS MARGIN AVG 10Y
38.87%
GROSS MARGIN AVG 15Y
38.15%
GROSS MARGIN AVG 20Y
34.49%
CURRENT VS TTM AVG
-0.29%
CURRENT VS 3Y AVG
+0.34%
CURRENT VS 5Y AVG
+2.07%
CURRENT VS 10Y AVG
-0.67%
CURRENT VS 15Y AVG
+1.21%
CURRENT VS 20Y AVG
+11.95%
SECTOR MEDIAN · INDUSTRIALS
33.10%
median of 131 covered companies
CURRENT VS SECTOR MEDIAN
+16.66%
vs the sector median at left
A. O. Smith Corporation
Market Cap
$8.87B
Gross Margin
38.61%
TTM Avg
38.73%
3Y Avg
38.48%
5Y Avg
37.83%
Market Cap
$9.15B
Gross Margin
20.91%
TTM Avg
37.84%
3Y Avg
45.76%
5Y Avg
48.31%
Market Cap
$9.45B
Gross Margin
25.33%
TTM Avg
32.34%
3Y Avg
34.10%
5Y Avg
34.96%
Market Cap
$9.53B
Gross Margin
30.37%
TTM Avg
30.34%
3Y Avg
29.05%
5Y Avg
28.29%
Market Cap
$7.71B
Gross Margin
30.08%
TTM Avg
28.18%
3Y Avg
23.35%
5Y Avg
21.26%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| A. O. Smith Corporation (AOS) | $8.87B | 38.61% | 38.73% | 38.48% | 37.83% |
| Booz Allen Hamilton Holding Corporation (BAH)vs › | $9.15B | 20.91% | 37.84% | 45.76% | 48.31% |
| AeroVironment, Inc. (AVAV)vs › | $9.45B | 25.33% | 32.34% | 34.10% | 34.96% |
| Valmont Industries, Inc. (VMI)vs › | $9.53B | 30.37% | 30.34% | 29.05% | 28.29% |
| Aecom (ACM)vs › | $9.75B | 7.73% | 7.13% | 6.83% | 6.44% |
| Planet Labs PBC (PL)vs › | $7.97B | 55.51% | 56.61% | 53.39% | 45.52% |
| Fluor Corporation (FLR)vs › | $7.96B | -0.80% | 1.38% | 2.10% | 2.41% |
| Powell Industries, Inc. (POWL)vs › | $7.71B | 30.08% | 28.18% | 23.35% | 21.26% |
| Pool Corporation (POOL)vs › | $7.52B | 29.58% | 29.70% | 30.16% | 29.98% |
| AGCO Corporation (AGCO)vs › | $7.20B | 25.01% | 24.57% | 24.61% | 23.79% |
Gross Margin
38.6%
(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 | 38.61% |
| 2026-03-31 | 38.67% |
| 2025-12-31 | 38.40% |
| 2025-09-30 | 38.67% |
| 2025-06-30 | 39.27% |
| 2025-03-31 | 38.95% |
| 2024-12-31 | 37.06% |
| 2024-09-30 | 37.37% |
| 2024-06-30 | 38.58% |
| 2024-03-31 | 39.24% |
| 2023-12-31 | 37.43% |
| 2023-09-30 | 37.99% |
| 2023-06-30 | 40.04% |
| 2023-03-31 | 38.71% |
| 2022-12-31 | 36.99% |
| 2022-09-30 | 34.89% |
| 2022-06-30 | 34.55% |
| 2022-03-31 | 34.94% |
| 2021-12-31 | 36.22% |
| 2021-09-30 | 37.21% |
| 2021-06-30 | 37.38% |
| 2021-03-31 | 37.53% |
| 2020-12-31 | 38.84% |
| 2020-09-30 | 39.09% |
| 2020-06-30 | 37.28% |
| 2020-03-31 | 37.60% |
| 2019-12-31 | 39.29% |
| 2019-09-30 | 39.03% |
| 2019-06-30 | 40.33% |
| 2019-03-31 | 39.13% |
| 2018-12-31 | 41.48% |
| 2018-09-30 | 40.58% |
| 2018-06-30 | 40.92% |
| 2018-03-31 | 40.80% |
| 2017-12-31 | 42.13% |
| 2017-09-30 | 40.90% |
| 2017-06-30 | 41.44% |
| 2017-03-31 | 40.85% |
| 2016-12-31 | 41.48% |
| 2016-09-30 | 41.42% |
| 2016-06-30 | 42.53% |
| 2016-03-31 | 41.25% |
| 2015-12-31 | 41.07% |
| 2015-09-30 | 41.07% |
| 2015-06-30 | 40.29% |
| 2015-03-31 | 37.06% |
| 2014-12-31 | 37.00% |
| 2014-09-30 | 37.02% |
| 2014-06-30 | 36.31% |
| 2014-03-31 | 35.48% |
| 2013-12-31 | 35.77% |
| 2013-09-30 | 36.67% |
| 2013-06-30 | 36.06% |
| 2013-03-31 | 35.18% |
| 2012-12-31 | 35.40% |
| 2012-09-30 | 33.92% |
| 2012-06-30 | 33.15% |
| 2012-03-31 | 31.82% |
| 2011-12-31 | 32.58% |
| 2011-09-30 | 28.81% |
| 2011-06-30 | 27.61% |
| 2011-03-31 | 30.43% |
| 2010-12-31 | 3.61% |
| 2010-09-30 | 26.65% |
| 2010-06-30 | 27.65% |
| 2010-03-31 | 27.63% |
| 2009-12-31 | 27.14% |
| 2009-09-30 | 27.62% |
| 2009-06-30 | 24.54% |
| 2009-03-31 | 21.05% |
| 2008-12-31 | 19.60% |
| 2008-09-30 | 20.51% |
| 2008-06-30 | 22.76% |
| 2008-03-31 | 23.21% |
| 2007-12-31 | 23.81% |
| 2007-09-30 | 21.70% |
| 2007-06-30 | 22.04% |
| 2007-03-31 | 21.28% |
| 2006-12-31 | 22.63% |
| 2006-09-30 | 20.46% |
| 2006-06-30 | 21.30% |
| 2006-03-31 | 21.54% |
| 2005-12-31 | 22.76% |
| 2005-09-30 | 19.83% |
| 2005-06-30 | 19.24% |
| 2005-03-31 | 21.53% |
| 2004-12-31 | 16.95% |
| 2004-09-30 | 15.90% |
| 2004-06-30 | 20.21% |
| 2004-03-31 | 18.78% |
| 2003-12-13 | 20.39% |
| 2003-09-30 | 17.26% |
| 2003-06-30 | 20.07% |
| 2003-03-31 | 20.16% |
| 2002-12-31 | 20.95% |
| 2002-09-30 | 18.83% |