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 73.32% is in line with its 5-year average of 75.08%, around the middle of its 5-year range (61.22%–83.43%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.89% above its 12-month average of 71.26%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
73.32%
GROSS MARGIN AVG TTM
71.26%
GROSS MARGIN AVG 3Y
75.33%
GROSS MARGIN AVG 5Y
77.05%
GROSS MARGIN AVG 10Y
80.75%
GROSS MARGIN AVG 15Y
83.79%
GROSS MARGIN AVG 20Y
86.12%
CURRENT VS TTM AVG
+2.89%
CURRENT VS 3Y AVG
-2.67%
CURRENT VS 5Y AVG
-4.83%
CURRENT VS 10Y AVG
-9.20%
CURRENT VS 15Y AVG
-12.49%
CURRENT VS 20Y AVG
-14.86%
SECTOR MEDIAN · HEALTHCARE
58.51%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
+25.32%
vs the sector median at left
Market Cap
$27.56B
Gross Margin
42.55%
TTM Avg
40.85%
3Y Avg
40.34%
5Y Avg
40.27%
Market Cap
$26.82B
Gross Margin
57.79%
TTM Avg
57.84%
3Y Avg
57.54%
5Y Avg
57.23%
Market Cap
$25.15B
Gross Margin
33.15%
TTM Avg
32.39%
3Y Avg
33.17%
5Y Avg
35.04%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Biogen Inc. (BIIB) | $29.85B | 73.32% | 71.26% | 75.33% | 77.05% |
| Centene Corp. (CNC)vs › | $31.31B | 14.93% | 11.28% | 11.33% | 11.71% |
| ResMed Inc. (RMD)vs › | $28.33B | 61.69% | 58.02% | 57.09% | 57.33% |
| Zoetis Inc. (ZTS)vs › | $31.59B | 70.75% | 69.79% | 68.91% | 68.46% |
| DexCom, Inc. (DXCM)vs › | $27.61B | 61.84% | 60.23% | 62.09% | 63.91% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $27.56B | 42.55% | 40.85% | 40.34% | 40.27% |
| Medline Inc. (MDLN)vs › | $32.77B | 24.04% | 25.55% | 23.71% | 23.71% |
| Mettler-Toledo International Inc. (MTD)vs › | $26.82B | 57.79% | 57.84% | 57.54% | 57.23% |
| Quest Diagnostics Incorporated (DGX)vs › | $25.15B | 33.15% | 32.39% | 33.17% | 35.04% |
| IQVIA Holdings Inc. (IQV)vs › | $34.72B | 26.11% | 30.59% | 32.75% | 33.07% |
Gross Margin
73.3%
(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 | 73.32% |
| 2025-12-31 | 78.23% |
| 2025-09-30 | 64.29% |
| 2025-06-30 | 64.23% |
| 2025-03-31 | 76.23% |
| 2024-12-31 | 76.23% |
| 2024-09-30 | 74.10% |
| 2024-06-30 | 61.22% |
| 2024-03-31 | 78.25% |
| 2023-12-31 | 74.09% |
| 2023-09-30 | 73.93% |
| 2023-06-30 | 75.87% |
| 2023-03-31 | 73.09% |
| 2022-12-31 | 77.56% |
| 2022-09-30 | 81.28% |
| 2022-06-30 | 81.31% |
| 2022-03-31 | 70.22% |
| 2021-12-31 | 75.85% |
| 2021-09-30 | 81.58% |
| 2021-06-30 | 83.43% |
| 2021-03-31 | 82.25% |
| 2020-12-31 | 82.80% |
| 2020-09-30 | 86.70% |
| 2020-06-30 | 88.83% |
| 2020-03-31 | 87.15% |
| 2019-12-31 | 87.82% |
| 2019-09-30 | 88.06% |
| 2019-06-30 | 86.83% |
| 2019-03-31 | 82.75% |
| 2018-12-31 | 86.15% |
| 2018-09-30 | 86.60% |
| 2018-06-30 | 87.46% |
| 2018-03-31 | 85.76% |
| 2017-12-31 | 84.60% |
| 2017-09-30 | 87.98% |
| 2017-06-30 | 88.10% |
| 2017-03-31 | 86.32% |
| 2016-12-31 | 88.65% |
| 2016-09-30 | 85.90% |
| 2016-06-30 | 87.21% |
| 2016-03-31 | 88.52% |
| 2015-12-31 | 88.31% |
| 2015-09-30 | 88.84% |
| 2015-06-30 | 88.96% |
| 2015-03-31 | 87.77% |
| 2014-12-31 | 88.74% |
| 2014-09-30 | 87.95% |
| 2014-06-30 | 87.95% |
| 2014-03-31 | 86.89% |
| 2013-12-31 | 86.85% |
| 2013-09-30 | 87.16% |
| 2013-06-30 | 86.60% |
| 2013-03-31 | 90.55% |
| 2012-12-31 | 90.56% |
| 2012-09-30 | 89.94% |
| 2012-06-30 | 90.21% |
| 2012-03-31 | 89.69% |
| 2011-12-31 | 89.47% |
| 2011-09-30 | 88.16% |
| 2011-06-30 | 91.68% |
| 2011-03-31 | 91.43% |
| 2010-12-31 | 91.77% |
| 2010-09-30 | 91.84% |
| 2010-06-30 | 91.18% |
| 2010-03-31 | 91.25% |
| 2009-12-31 | 91.15% |
| 2009-09-30 | 91.66% |
| 2009-06-30 | 91.70% |
| 2009-03-31 | 90.53% |
| 2008-12-31 | 90.54% |
| 2008-09-30 | 90.17% |
| 2008-06-30 | 90.70% |
| 2008-03-31 | 89.29% |
| 2007-12-31 | 90.20% |
| 2007-09-30 | 89.66% |
| 2007-06-30 | 89.13% |
| 2007-03-31 | 88.55% |
| 2006-12-31 | 160.57% |
| 2006-09-30 | 90.51% |
| 2006-06-30 | 88.18% |
| 2006-03-31 | 88.96% |
| 2005-12-31 | 249.09% |
| 2005-09-30 | 84.98% |
| 2005-06-30 | 88.26% |
| 2005-03-31 | 83.05% |
| 2004-12-31 | 398.12% |
| 2004-09-30 | 88.13% |
| 2004-06-30 | 71.84% |
| 2004-03-31 | 52.97% |
| 2003-12-31 | 144.85% |
| 2003-09-30 | 99.54% |
| 2003-06-30 | 96.93% |
| 2003-03-31 | 99.27% |
| 2002-12-31 | 85.92% |
| 2002-09-30 | 85.42% |
| 2002-06-30 | 86.55% |
