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 96.11% is 62% above its 5-year average of 59.32%, near the high end of its 5-year range (37.52%–96.11%).
As of the fiscal period ended Tuesday, March 31, 2026. 49.74% above its 12-month average of 64.18%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
96.11%
GROSS MARGIN AVG TTM
64.18%
GROSS MARGIN AVG 3Y
55.67%
GROSS MARGIN AVG 5Y
57.48%
GROSS MARGIN AVG 10Y
57.99%
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+49.74%
CURRENT VS 3Y AVG
+72.64%
CURRENT VS 5Y AVG
+67.20%
CURRENT VS 10Y AVG
+65.73%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
56.08%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+71.38%
vs the sector median at left
Ares Management Corporation
Market Cap
$41.84B
Gross Margin
96.11%
TTM Avg
64.18%
3Y Avg
55.67%
5Y Avg
57.48%
Market Cap
$41.80B
Gross Margin
38.50%
TTM Avg
34.27%
3Y Avg
27.09%
5Y Avg
41.18%
Market Cap
$42.55B
Gross Margin
42.04%
TTM Avg
33.41%
3Y Avg
30.01%
5Y Avg
31.08%
Market Cap
$39.31B
Gross Margin
46.08%
TTM Avg
30.56%
3Y Avg
20.88%
5Y Avg
17.73%
Market Cap
$44.71B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$37.16B
Gross Margin
79.01%
TTM Avg
74.69%
3Y Avg
73.28%
5Y Avg
76.72%
Market Cap
$35.93B
Gross Margin
76.03%
TTM Avg
69.47%
3Y Avg
74.44%
5Y Avg
79.86%
Market Cap
$35.21B
Gross Margin
44.56%
TTM Avg
37.06%
3Y Avg
34.92%
5Y Avg
34.17%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ares Management Corporation (ARES) | $41.84B | 96.11% | 64.18% | 55.67% | 57.48% |
| American International Group, Inc. (AIG)vs › | $41.80B | 38.50% | 34.27% | 27.09% | 41.18% |
| MSCI Inc. (MSCI)vs › | $41.71B | 82.97% | 82.22% | 82.20% | 82.34% |
| Prudential Financial, Inc. (PRU)vs › | $42.55B | 42.04% | 33.41% | 30.01% | 31.08% |
| The Hartford Insurance Group, Inc. (HIG)vs › | $39.31B | 46.08% | 30.56% | 20.88% | 17.73% |
| State Street SPDR Dow Jones Industrial Average ETF Trust (DIA)vs › | $44.71B | N/A | N/A | N/A | N/A |
| Coinbase Global, Inc. (COIN)vs › | $37.16B | 79.01% | 74.69% | 73.28% | 76.72% |
| M&T Bank Corporation (MTB)vs › | $35.93B | 76.03% | 69.47% | 74.44% | 79.86% |
| Arch Capital Group Ltd. (ACGL)vs › | $35.21B | 44.56% | 37.06% | 34.92% | 34.17% |
| Huntington Bancshares Incorporated (HBAN)vs › | $34.61B | 63.73% | 59.97% | 67.89% | 73.60% |
Gross Margin
96.1%
(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 |
|---|---|
| 2026-03-31 | 96.11% |
| 2025-12-31 | 72.65% |
| 2025-09-30 | 60.19% |
| 2025-06-30 | 52.32% |
| 2025-03-31 | 39.65% |
| 2024-12-31 | 63.22% |
| 2024-09-30 | 61.42% |
| 2024-06-30 | 46.76% |
| 2024-03-31 | 41.62% |
| 2023-12-31 | 62.92% |
| 2023-09-30 | 45.25% |
| 2023-06-30 | 66.38% |
| 2023-03-31 | 55.64% |
| 2022-12-31 | 63.36% |
| 2022-09-30 | 46.91% |
| 2022-06-30 | 37.52% |
| 2022-03-31 | 50.04% |
| 2021-12-31 | 75.15% |
| 2021-09-30 | 64.63% |
| 2021-06-30 | 79.17% |
| 2021-03-31 | 64.79% |
| 2020-12-31 | 68.42% |
| 2020-09-30 | 60.34% |
| 2020-06-30 | 69.29% |
| 2020-03-31 | -1243.01% |
| 2019-12-31 | 61.52% |
| 2019-09-30 | 64.37% |
| 2019-06-30 | 57.86% |
| 2019-03-31 | 67.13% |
| 2018-12-31 | 38.91% |
| 2018-09-30 | 39.53% |
| 2018-06-30 | 31.92% |
| 2018-03-31 | 49.40% |
| 2017-12-31 | 60.54% |
| 2017-09-30 | 55.15% |
| 2017-06-30 | 77.07% |
| 2017-03-31 | 49.09% |
| 2016-12-31 | 68.60% |
| 2016-09-30 | 66.64% |
| 2016-06-30 | 69.51% |
| 2016-03-31 | 18.63% |
| 2015-12-31 | 31.89% |
| 2015-09-30 | 27.10% |
| 2015-06-30 | 58.91% |
| 2015-03-31 | 62.26% |
| 2014-12-31 | 33.46% |
| 2014-09-30 | 42.38% |
| 2014-06-30 | -14.70% |
| 2014-03-31 | 28.39% |
| 2013-12-31 | 36.23% |
| 2013-09-30 | 31.33% |
| 2013-06-30 | 15.39% |
| 2013-03-31 | 33.07% |
| 2012-12-31 | -15.57% |
