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 32.99% is in line with its 5-year average of 35.69%, around the middle of its 5-year range (19.40%–40.95%).
As of the fiscal period ended Tuesday, March 31, 2026. 7.13% above its 12-month average of 30.79%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
32.99%
GROSS MARGIN AVG TTM
30.79%
GROSS MARGIN AVG 3Y
35.78%
GROSS MARGIN AVG 5Y
36.50%
GROSS MARGIN AVG 10Y
39.44%
GROSS MARGIN AVG 15Y
42.05%
GROSS MARGIN AVG 20Y
43.65%
CURRENT VS TTM AVG
+7.13%
CURRENT VS 3Y AVG
-7.80%
CURRENT VS 5Y AVG
-9.63%
CURRENT VS 10Y AVG
-16.36%
CURRENT VS 15Y AVG
-21.55%
CURRENT VS 20Y AVG
-24.43%
SECTOR MEDIAN · HEALTHCARE
58.51%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-43.62%
vs the sector median at left
Baxter International Inc.
Market Cap
$12.05B
Gross Margin
32.99%
TTM Avg
30.79%
3Y Avg
35.78%
5Y Avg
36.50%
Market Cap
$12.04B
Gross Margin
67.68%
TTM Avg
69.16%
3Y Avg
69.73%
5Y Avg
70.75%
Market Cap
$11.21B
Gross Margin
64.96%
TTM Avg
65.60%
3Y Avg
66.84%
5Y Avg
66.79%
Market Cap
$10.80B
Gross Margin
31.86%
TTM Avg
31.70%
3Y Avg
34.15%
5Y Avg
35.17%
Market Cap
$10.41B
Gross Margin
13.07%
TTM Avg
12.36%
3Y Avg
12.43%
5Y Avg
12.55%
Market Cap
$13.71B
Gross Margin
64.37%
TTM Avg
63.66%
3Y Avg
64.40%
5Y Avg
64.61%
Market Cap
$10.37B
Gross Margin
17.13%
TTM Avg
18.71%
3Y Avg
19.98%
5Y Avg
20.79%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Baxter International Inc. (BAX) | $12.05B | 32.99% | 30.79% | 35.78% | 36.50% |
| Revvity, Inc. (RVTY)vs › | $12.06B | 51.44% | 50.55% | 50.58% | 52.43% |
| Align Technology, Inc. (ALGN)vs › | $12.04B | 67.68% | 69.16% | 69.73% | 70.75% |
| Insulet Corp. (PODD)vs › | $11.43B | 71.01% | 70.71% | 67.87% | 67.39% |
| Bio-Techne Corporation (TECH)vs › | $11.21B | 64.96% | 65.60% | 66.84% | 66.79% |
| Charles River Laboratories International, Inc. (CRL)vs › | $10.80B | 31.86% | 31.70% | 34.15% | 35.17% |
| Molina Healthcare, Inc. (MOH)vs › | $10.41B | 13.07% | 12.36% | 12.43% | 12.55% |
| The Cooper Companies, Inc. (COO)vs › | $13.71B | 64.37% | 63.66% | 64.40% | 64.61% |
| Walgreens Boots Alliance, Inc. (WBA)vs › | $10.37B | 17.13% | 18.71% | 19.98% | 20.79% |
| Solventum Corporation (SOLV)vs › | $13.94B | 53.67% | 54.56% | 56.03% | 57.27% |
Gross Margin
33.0%
(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 | 32.99% |
| 2025-12-31 | 19.40% |
| 2025-09-30 | 33.51% |
| 2025-06-30 | 35.27% |
| 2025-03-31 | 32.80% |
| 2024-12-31 | 34.83% |
| 2024-09-30 | 38.27% |
| 2024-06-30 | 38.27% |
| 2024-03-31 | 38.59% |
| 2023-12-31 | 37.89% |
| 2023-09-30 | 40.63% |
| 2023-06-30 | 29.97% |
| 2023-03-31 | 36.29% |
| 2022-12-31 | 37.64% |
| 2022-09-30 | 28.96% |
| 2022-06-30 | 38.15% |
| 2022-03-31 | 36.36% |
| 2021-12-31 | 40.01% |
| 2021-09-30 | 40.95% |
| 2021-06-30 | 39.80% |
| 2021-03-31 | 38.87% |
| 2020-12-31 | 37.44% |
| 2020-09-30 | 40.21% |
| 2020-06-30 | 38.19% |
| 2020-03-31 | 41.51% |
| 2019-12-31 | 42.71% |
| 2019-09-30 | 43.14% |
| 2019-06-30 | 40.68% |
| 2019-03-31 | 40.94% |
| 2018-12-31 | 41.96% |
| 2018-09-30 | 44.62% |
| 2018-06-30 | 43.60% |
| 2018-03-31 | 41.61% |
| 2017-12-31 | 41.89% |
| 2017-09-30 | 41.74% |
| 2017-06-30 | 43.45% |
| 2017-03-31 | 42.18% |
| 2016-12-31 | 41.66% |
| 2016-09-30 | 41.87% |
| 2016-06-30 | 37.60% |
| 2016-03-31 | 40.63% |
| 2015-12-31 | 41.18% |
| 2015-09-30 | 41.58% |
| 2015-06-30 | 41.25% |
| 2015-03-31 | 42.41% |
| 2014-12-31 | 49.73% |
| 2014-09-30 | 44.04% |
| 2014-06-30 | 47.40% |
| 2014-03-31 | 49.14% |
| 2013-12-31 | 44.73% |
| 2013-09-30 | 51.37% |
| 2013-06-30 | 52.85% |
| 2013-03-31 | 50.93% |
| 2012-12-31 | 50.76% |
| 2012-09-30 | 52.06% |
| 2012-06-30 | 52.41% |
| 2012-03-31 | 50.59% |
| 2011-12-31 | 49.11% |
| 2011-09-30 | 50.91% |
| 2011-06-30 | 51.89% |
| 2011-03-31 | 51.00% |
| 2010-12-31 | 46.26% |
| 2010-09-30 | 51.46% |
| 2010-06-30 | 51.28% |
| 2010-03-31 | 35.63% |
| 2009-12-31 | 50.92% |
| 2009-09-30 | 51.89% |
| 2009-06-30 | 52.45% |
| 2009-03-31 | 52.69% |
| 2008-12-31 | 51.17% |
| 2008-09-30 | 48.27% |
| 2008-06-30 | 51.02% |
| 2008-03-31 | 47.97% |
| 2007-12-31 | 49.35% |
| 2007-09-30 | 50.04% |
| 2007-06-30 | 49.20% |
| 2007-03-31 | 47.33% |
| 2006-12-31 | 47.59% |
| 2006-09-30 | 47.52% |
| 2006-06-30 | 43.60% |
| 2006-03-31 | 43.67% |
| 2005-12-31 | 40.18% |
| 2005-09-30 | 42.12% |
| 2005-06-30 | 43.19% |
| 2005-03-31 | 40.66% |
| 2004-12-31 | 43.06% |
| 2004-09-30 | 41.51% |
| 2004-06-30 | 39.47% |
| 2004-03-31 | 40.47% |
| 2003-12-31 | 44.93% |
| 2003-09-30 | 43.80% |
| 2003-06-30 | 44.91% |
| 2003-03-31 | 44.07% |
| 2002-12-31 | 51.03% |
| 2002-09-30 | 45.00% |
| 2002-06-30 | 45.55% |
