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 35.08% is in line with its 5-year average of 32.57%, near the high end of its 5-year range (26.76%–37.30%).
As of the fiscal period ended Tuesday, March 31, 2026. 6.13% above its 12-month average of 33.05%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
35.08%
GROSS MARGIN AVG TTM
33.05%
GROSS MARGIN AVG 3Y
34.95%
GROSS MARGIN AVG 5Y
32.57%
GROSS MARGIN AVG 10Y
31.15%
GROSS MARGIN AVG 15Y
29.69%
GROSS MARGIN AVG 20Y
28.87%
CURRENT VS TTM AVG
+6.13%
CURRENT VS 3Y AVG
+0.37%
CURRENT VS 5Y AVG
+7.71%
CURRENT VS 10Y AVG
+12.60%
CURRENT VS 15Y AVG
+18.14%
CURRENT VS 20Y AVG
+21.50%
SECTOR MEDIAN · INDUSTRIALS
32.52%
median of 133 covered companies
CURRENT VS SECTOR MEDIAN
+7.87%
vs the sector median at left
Market Cap
$182.57B
Gross Margin
59.38%
TTM Avg
52.45%
3Y Avg
48.40%
5Y Avg
48.13%
Market Cap
$170.32B
Gross Margin
41.69%
TTM Avg
42.36%
3Y Avg
41.16%
5Y Avg
40.51%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Caterpillar Inc. (CAT) | $409.38B | 35.08% | 33.05% | 34.95% | 32.57% |
| GE Aerospace (GE)vs › | $367.02B | 35.44% | 37.01% | 35.99% | 31.81% |
| RTX Corporation (RTX)vs › | $286.79B | 20.35% | 19.59% | 19.27% | 18.60% |
| GE Vernova Inc. (GEV)vs › | $270.26B | 20.21% | 18.92% | 16.00% | 15.80% |
| Siemens AG (SIEGY)vs › | $236.75B | 38.85% | 38.90% | 38.15% | 37.52% |
| Union Pacific Corporation (UNP)vs › | $182.57B | 59.38% | 52.45% | 48.40% | 48.13% |
| ABB Ltd (ABBNY)vs › | $174.91B | 40.06% | 39.21% | 36.55% | 34.84% |
| Schneider Electric S.E. (SBGSY)vs › | $170.32B | 41.69% | 42.36% | 41.16% | 40.51% |
| Deere & Company (DE)vs › | $169.56B | 35.40% | 36.48% | 37.36% | 34.93% |
| The Boeing Company (BA)vs › | $165.17B | 4.79% | 0.90% | 4.26% | 2.03% |
Gross Margin
35.1%
(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 | 35.08% |
| 2025-12-31 | 28.62% |
| 2025-09-30 | 33.82% |
| 2025-06-30 | 32.96% |
| 2025-03-31 | 34.80% |
| 2024-12-31 | 34.26% |
| 2024-09-30 | 35.42% |
| 2024-06-30 | 37.30% |
| 2024-03-31 | 36.96% |
| 2023-12-31 | 33.78% |
| 2023-09-30 | 35.38% |
| 2023-06-30 | 34.69% |
| 2023-03-31 | 34.94% |
| 2022-12-31 | 28.89% |
| 2022-09-30 | 30.95% |
| 2022-06-30 | 29.14% |
| 2022-03-31 | 28.88% |
| 2021-12-31 | 26.76% |
| 2021-09-30 | 29.60% |
| 2021-06-30 | 30.20% |
| 2021-03-31 | 31.55% |
| 2020-12-31 | 29.58% |
| 2020-09-30 | 28.59% |
| 2020-06-30 | 27.36% |
| 2020-03-31 | 30.03% |
| 2019-12-31 | 29.25% |
| 2019-09-30 | 31.35% |
| 2019-06-30 | 29.79% |
| 2019-03-31 | 31.73% |
| 2018-12-31 | 29.05% |
| 2018-09-30 | 31.85% |
| 2018-06-30 | 31.45% |
| 2018-03-31 | 32.09% |
| 2017-12-31 | 29.82% |
| 2017-09-30 | 31.30% |
| 2017-06-30 | 29.59% |
| 2017-03-31 | 29.14% |
| 2016-12-31 | 19.68% |
| 2016-09-30 | 27.14% |
| 2016-06-30 | 26.83% |
| 2016-03-31 | 26.29% |
| 2015-12-31 | 24.48% |
| 2015-09-30 | 26.89% |
| 2015-06-30 | 28.38% |
| 2015-03-31 | 29.85% |
| 2014-12-31 | 25.21% |
| 2014-09-30 | 27.74% |
| 2014-06-30 | 26.86% |
| 2014-03-31 | 27.52% |
| 2013-12-31 | 25.59% |
| 2013-09-30 | 25.86% |
| 2013-06-30 | 25.05% |
| 2013-03-31 | 25.60% |
| 2012-12-31 | 21.02% |
| 2012-09-30 | 28.03% |
| 2012-06-30 | 28.18% |
| 2012-03-31 | 28.41% |
| 2011-12-31 | 25.98% |
| 2011-09-30 | 27.11% |
| 2011-06-30 | 27.60% |
| 2011-03-31 | 30.06% |
| 2010-12-31 | 27.00% |
| 2010-09-30 | 30.38% |
| 2010-06-30 | 29.18% |
| 2010-03-31 | 28.45% |
| 2009-12-31 | 25.91% |
| 2009-09-30 | 27.99% |
| 2009-06-30 | 27.87% |
| 2009-03-31 | 23.83% |
| 2008-12-31 | 22.11% |
| 2008-09-30 | 25.24% |
| 2008-06-30 | 26.34% |
| 2008-03-31 | 27.02% |
| 2007-12-31 | 26.55% |
| 2007-09-30 | 27.72% |
| 2007-06-30 | 24.45% |
| 2007-03-31 | 26.05% |
| 2006-12-31 | 27.56% |
| 2006-09-30 | 27.64% |
| 2006-06-30 | 27.66% |
| 2006-03-31 | 27.77% |
| 2005-12-31 | 28.53% |
| 2005-09-30 | 27.07% |
| 2005-06-30 | 24.42% |
| 2005-03-31 | 23.43% |
| 2004-12-31 | 29.39% |
| 2004-09-30 | 24.99% |
| 2004-06-30 | 26.64% |
| 2004-03-31 | 24.55% |
| 2003-12-31 | 22.57% |
| 2003-09-30 | 23.46% |
| 2003-06-30 | 24.83% |
| 2003-03-31 | 22.07% |
| 2002-12-31 | 24.23% |
| 2002-09-30 | 25.16% |
| 2002-06-30 | 25.21% |
