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 2.37% is 122% above its 5-year average of -10.65%, near the high end of its 5-year range (-55.68%–19.81%).
79.42% below its 12-month average of 11.52%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 19.81%.
GROSS MARGIN
2.37%
GROSS MARGIN AVG TTM
11.52%
GROSS MARGIN AVG 3Y
-12.14%
GROSS MARGIN AVG 5Y
-10.65%
GROSS MARGIN AVG 10Y
7.55%
GROSS MARGIN AVG 15Y
19.31%
GROSS MARGIN AVG 20Y
20.47%
CURRENT VS TTM AVG
-79.42%
CURRENT VS 3Y AVG
+119.52%
CURRENT VS 5Y AVG
+122.26%
CURRENT VS 10Y AVG
-68.62%
CURRENT VS 15Y AVG
-87.73%
CURRENT VS 20Y AVG
-88.42%
SECTOR MEDIAN · INDUSTRIALS
28.37%
median of 335 covered companies
CURRENT VS SECTOR MEDIAN
-91.65%
vs the sector median at left
Ballard Power Systems Inc.
Market Cap
$621.04M
Gross Margin
2.37%
TTM Avg
11.52%
3Y Avg
-12.14%
5Y Avg
-10.65%
Market Cap
$582.47M
Gross Margin
-86.79%
TTM Avg
-47.83%
3Y Avg
-273.83%
5Y Avg
-182.55%
Market Cap
$565.16M
Gross Margin
14.15%
TTM Avg
7.28%
3Y Avg
16.98%
5Y Avg
16.35%
Market Cap
$678.90M
Gross Margin
8.10%
TTM Avg
7.80%
3Y Avg
8.09%
5Y Avg
8.21%
Market Cap
$547.77M
Gross Margin
19.43%
TTM Avg
20.22%
3Y Avg
20.17%
5Y Avg
19.63%
Market Cap
$696.97M
Gross Margin
96.24%
TTM Avg
92.67%
3Y Avg
91.56%
5Y Avg
90.33%
Market Cap
$509.18M
Gross Margin
19.43%
TTM Avg
20.22%
3Y Avg
20.17%
5Y Avg
19.63%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ballard Power Systems Inc. (BLDP) | $621.04M | 2.37% | 11.52% | -12.14% | -10.65% |
| Elmet Group Co. (ELMT)vs › | $638.27M | 22.06% | 20.42% | 20.42% | 20.42% |
| Enovix Corporation (ENVX)vs › | $582.47M | -86.79% | -47.83% | -273.83% | -182.55% |
| Hertz Global Holdings, Inc. (HTZ)vs › | $565.16M | 14.15% | 7.28% | 16.98% | 16.35% |
| Kimball Electronics, Inc. (KE)vs › | $678.90M | 8.10% | 7.80% | 8.09% | 8.21% |
| Kelly Services, Inc. (KELYA)vs › | $547.77M | 19.43% | 20.22% | 20.17% | 19.63% |
| Cass Information Systems, Inc. (CASS)vs › | $696.97M | 96.24% | 92.67% | 91.56% | 90.33% |
| Euroseas Ltd. (ESEA)vs › | $515.40M | 66.03% | 61.67% | 62.33% | 54.76% |
| Kelly Services, Inc. (KELYB)vs › | $509.18M | 19.43% | 20.22% | 20.17% | 19.63% |
| Concrete Pumping Holdings, Inc. (BBCP)vs › | $495.37M | 38.25% | 38.70% | 39.62% | 41.20% |
Gross Margin
2.4%
(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 | 19.81% |
| 2026-03-31 | 14.23% |
| 2025-12-31 | 16.66% |
| 2025-09-30 | 15.27% |
| 2025-06-30 | -8.38% |
| 2025-03-31 | -23.45% |
| 2024-12-31 | -13.16% |
| 2024-09-30 | -55.68% |
| 2024-06-30 | -32.02% |
| 2024-03-31 | -37.47% |
| 2023-12-31 | -22.28% |
| 2023-09-30 | -10.58% |
| 2023-06-30 | -20.78% |
| 2023-03-31 | -42.44% |
| 2022-12-31 | -28.92% |
| 2022-09-30 | -22.33% |
| 2022-06-30 | -10.52% |
| 2022-03-31 | -0.99% |
| 2021-12-31 | 13.00% |
| 2021-09-30 | 11.23% |
| 2021-06-30 | 15.17% |
| 2021-03-31 | 14.89% |
| 2020-12-31 | 19.73% |
| 2020-09-30 | 18.73% |
| 2020-06-30 | 21.37% |
| 2020-03-31 | 21.08% |
| 2019-12-31 | 20.50% |
| 2019-09-30 | 24.99% |
| 2019-06-30 | 23.47% |
| 2019-03-31 | 13.76% |
| 2018-12-31 | 25.26% |
| 2018-09-30 | 29.89% |
| 2018-06-30 | 35.58% |
| 2018-03-31 | 32.97% |
| 2017-12-31 | 31.29% |
| 2017-09-30 | 31.99% |
| 2017-06-30 | 34.93% |
| 2017-03-31 | 42.15% |
| 2016-12-31 | 30.46% |
| 2016-09-30 | 31.18% |
| 2016-06-30 | 29.02% |
| 2016-03-31 | 20.13% |
| 2015-12-31 | 19.10% |
| 2015-09-30 | 25.24% |
| 2015-06-30 | 9.76% |
| 2015-03-31 | 10.98% |
| 2014-12-31 | -19.38% |
| 2014-09-30 | 25.27% |
| 2014-06-30 | 24.58% |
| 2014-03-31 | 25.23% |
| 2013-12-31 | 34.04% |
| 2013-09-30 | 27.59% |
| 2013-06-30 | 22.17% |
| 2013-03-31 | 23.82% |
| 2012-12-31 | 14.41% |
| 2012-09-30 | 14.22% |
| 2012-06-30 | 14.71% |
| 2012-03-31 | 22.30% |
| 2011-12-31 | 19.73% |
| 2011-09-30 | 19.10% |
| 2011-06-30 | 17.35% |
| 2011-03-31 | 16.30% |
| 2010-12-31 | 24.23% |
| 2010-09-30 | 11.88% |
| 2010-06-30 | 8.73% |
| 2010-03-31 | 15.02% |
| 2009-12-31 | 14.27% |
| 2009-09-30 | 14.58% |
| 2009-06-30 | 14.07% |
| 2009-03-31 | 2.45% |
| 2008-12-31 | 10.66% |
| 2008-09-30 | 14.15% |
| 2008-06-30 | 23.59% |
| 2008-03-31 | 34.37% |
| 2007-12-31 | 67.95% |
| 2007-09-30 | 57.30% |
| 2007-06-30 | 67.47% |
| 2007-03-31 | 52.42% |
| 2006-12-31 | 45.75% |
| 2006-09-30 | 62.46% |
| 2006-06-30 | 52.50% |
| 2006-03-31 | 65.33% |
| 2005-12-31 | 61.74% |
| 2005-09-30 | 62.81% |
| 2005-06-30 | 20.30% |
| 2005-03-31 | -3.76% |
| 2004-12-31 | 15.38% |
| 2004-09-30 | 24.31% |
| 2004-06-30 | 51.48% |
| 2004-03-31 | 12.33% |
| 2003-12-31 | 32.15% |
| 2003-09-30 | 45.66% |
| 2003-06-30 | 36.52% |
| 2003-03-31 | 32.10% |
| 2002-12-31 | 15.57% |
| 2002-09-30 | 47.60% |
