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 59.41% is in line with its 5-year average of 60.87%, around the middle of its 5-year range (56.24%–63.04%).
0.31% below its 12-month average of 59.59%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
59.41%
GROSS MARGIN AVG TTM
59.59%
GROSS MARGIN AVG 3Y
60.42%
GROSS MARGIN AVG 5Y
60.87%
GROSS MARGIN AVG 10Y
60.96%
GROSS MARGIN AVG 15Y
61.28%
GROSS MARGIN AVG 20Y
60.66%
CURRENT VS TTM AVG
-0.31%
CURRENT VS 3Y AVG
-1.66%
CURRENT VS 5Y AVG
-2.40%
CURRENT VS 10Y AVG
-2.54%
CURRENT VS 15Y AVG
-3.05%
CURRENT VS 20Y AVG
-2.06%
SECTOR MEDIAN · INDUSTRIALS
30.92%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+92.11%
vs the sector median at left
Axon Enterprise, Inc.
Market Cap
$40.74B
Gross Margin
59.41%
TTM Avg
59.59%
3Y Avg
60.42%
5Y Avg
60.87%
Market Cap
$41.12B
Gross Margin
39.22%
TTM Avg
40.38%
3Y Avg
40.37%
5Y Avg
40.32%
Market Cap
$38.89B
Gross Margin
31.70%
TTM Avg
33.47%
3Y Avg
34.58%
5Y Avg
33.78%
Market Cap
$43.13B
Gross Margin
75.80%
TTM Avg
75.56%
3Y Avg
76.06%
5Y Avg
76.66%
Market Cap
$38.13B
Gross Margin
37.26%
TTM Avg
30.53%
3Y Avg
22.77%
5Y Avg
9.07%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Axon Enterprise, Inc. (AXON) | $40.74B | 59.41% | 59.59% | 60.42% | 60.87% |
| Waste Connections, Inc. (WCN)vs › | $41.12B | 39.22% | 40.38% | 40.37% | 40.32% |
| Paychex, Inc. (PAYX)vs › | $41.59B | 74.29% | 73.32% | 72.40% | 71.47% |
| Ferrovial SE (FER)vs › | $42.06B | 24.87% | 24.91% | 24.12% | 22.54% |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $38.89B | 31.70% | 33.47% | 34.58% | 33.78% |
| Thomson Reuters Corporation (TRI)vs › | $43.13B | 75.80% | 75.56% | 76.06% | 76.66% |
| Rocket Lab USA, Inc. (RKLB)vs › | $38.13B | 37.26% | 30.53% | 22.77% | 9.07% |
| Ferguson plc (FERG)vs › | $43.89B | 30.55% | 30.83% | 30.64% | 30.64% |
| HEICO Corporation (HEI)vs › | $44.04B | 40.40% | 40.82% | 41.56% | 41.79% |
| HEICO Corporation (HEI-A)vs › | $45.27B | 40.40% | 40.82% | 41.56% | 41.79% |
Gross Margin
59.4%
(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 | 60.42% |
| 2026-03-31 | 59.12% |
| 2025-12-31 | 57.90% |
| 2025-09-30 | 60.14% |
| 2025-06-30 | 60.39% |
| 2025-03-31 | 60.59% |
| 2024-12-31 | 60.13% |
| 2024-09-30 | 60.77% |
| 2024-06-30 | 60.84% |
| 2024-03-31 | 56.24% |
| 2023-12-31 | 61.34% |
| 2023-09-30 | 62.10% |
| 2023-06-30 | 61.96% |
| 2023-03-31 | 59.50% |
| 2022-12-31 | 61.19% |
| 2022-09-30 | 61.99% |
| 2022-06-30 | 60.91% |
| 2022-03-31 | 60.73% |
| 2021-12-31 | 62.07% |
| 2021-09-30 | 62.32% |
| 2021-06-30 | 63.04% |
| 2021-03-31 | 63.25% |
| 2020-12-31 | 62.49% |
| 2020-09-30 | 59.26% |
| 2020-06-30 | 62.99% |
| 2020-03-31 | 60.75% |
| 2019-12-31 | 53.91% |
| 2019-09-30 | 61.27% |
| 2019-06-30 | 58.35% |
| 2019-03-31 | 59.51% |
| 2018-12-31 | 56.93% |
| 2018-09-30 | 62.61% |
| 2018-06-30 | 63.64% |
| 2018-03-31 | 63.70% |
| 2017-12-31 | 66.57% |
| 2017-09-30 | 55.16% |
| 2017-06-30 | 57.30% |
| 2017-03-31 | 61.88% |
| 2016-12-31 | 60.64% |
| 2016-09-30 | 64.80% |
| 2016-06-30 | 63.48% |
| 2016-03-31 | 66.45% |
| 2015-12-31 | 66.00% |
| 2015-09-30 | 61.67% |
| 2015-06-30 | 65.77% |
| 2015-03-31 | 66.73% |
| 2014-12-31 | 58.55% |
| 2014-09-30 | 64.74% |
| 2014-06-30 | 62.45% |
| 2014-03-31 | 61.37% |
| 2013-12-31 | 63.85% |
| 2013-09-30 | 62.78% |
| 2013-06-30 | 61.36% |
| 2013-03-31 | 60.63% |
| 2012-12-31 | 59.68% |
| 2012-09-30 | 58.40% |
| 2012-06-30 | 58.47% |
| 2012-03-31 | 59.44% |
| 2011-12-31 | 32.71% |
| 2011-09-30 | 53.73% |
| 2011-06-30 | 57.75% |
| 2011-03-31 | 52.81% |
| 2010-12-31 | 51.74% |
| 2010-09-30 | 49.40% |
| 2010-06-30 | 50.37% |
| 2010-03-31 | 56.58% |
| 2009-12-31 | 63.09% |
| 2009-09-30 | 56.91% |
| 2009-06-30 | 62.93% |
| 2009-03-31 | 59.46% |
| 2008-12-31 | 63.42% |
| 2008-09-30 | 60.79% |
| 2008-06-30 | 64.47% |
| 2008-03-31 | 56.76% |
| 2007-12-31 | 55.38% |
| 2007-09-30 | 56.10% |
| 2007-06-30 | 60.05% |
| 2007-03-31 | 58.09% |
| 2006-12-31 | 63.26% |
| 2006-09-30 | 63.52% |
| 2006-06-30 | 64.04% |
| 2006-03-31 | 74.60% |
| 2005-12-31 | 65.01% |
| 2005-09-30 | 67.22% |
| 2005-06-30 | 63.53% |
| 2005-03-31 | 55.63% |
| 2004-12-31 | 64.98% |
| 2004-09-30 | 69.56% |
| 2004-06-30 | 66.55% |
| 2004-03-31 | 65.50% |
| 2003-12-31 | 67.44% |
| 2003-09-30 | 57.44% |
| 2003-06-30 | 59.16% |
| 2003-03-31 | 53.17% |
| 2002-12-31 | 60.04% |
| 2002-09-30 | 51.40% |
