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 11.66% is in line with its 5-year average of 11.60%, around the middle of its 5-year range (7.66%–20.88%).
0.11% above its 12-month average of 11.65%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
11.66%
GROSS MARGIN AVG TTM
11.65%
GROSS MARGIN AVG 3Y
10.68%
GROSS MARGIN AVG 5Y
11.60%
GROSS MARGIN AVG 10Y
18.51%
GROSS MARGIN AVG 15Y
18.86%
GROSS MARGIN AVG 20Y
43.91%
CURRENT VS TTM AVG
+0.11%
CURRENT VS 3Y AVG
+9.13%
CURRENT VS 5Y AVG
+0.48%
CURRENT VS 10Y AVG
-37.01%
CURRENT VS 15Y AVG
-38.19%
CURRENT VS 20Y AVG
-73.44%
SECTOR MEDIAN · HEALTHCARE
58.99%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-80.24%
vs the sector median at left
Market Cap
$66.86B
Gross Margin
71.16%
TTM Avg
65.16%
3Y Avg
63.29%
5Y Avg
62.03%
Market Cap
$83.48B
Gross Margin
84.86%
TTM Avg
85.74%
3Y Avg
85.09%
5Y Avg
84.57%
Market Cap
$87.04B
Gross Margin
41.50%
TTM Avg
41.06%
3Y Avg
39.99%
5Y Avg
47.00%
Market Cap
$87.17B
Gross Margin
25.56%
TTM Avg
26.70%
3Y Avg
26.59%
5Y Avg
26.68%
Market Cap
$49.93B
Gross Margin
77.98%
TTM Avg
78.79%
3Y Avg
78.80%
5Y Avg
77.78%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cigna Corporation (CI) | $72.89B | 11.66% | 11.65% | 10.68% | 11.60% |
| Boston Scientific Corporation (BSX)vs › | $66.86B | 71.16% | 65.16% | 63.29% | 62.03% |
| Cencora, Inc. (COR)vs › | $63.17B | 3.71% | 3.06% | 3.07% | 2.95% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $83.48B | 84.86% | 85.74% | 85.09% | 84.57% |
| HCA Healthcare, Inc. (HCA)vs › | $87.04B | 41.50% | 41.06% | 39.99% | 47.00% |
| Elevance Health Inc. (ELV)vs › | $87.17B | 25.56% | 26.70% | 26.59% | 26.68% |
| Cardinal Health, Inc. (CAH)vs › | $56.32B | 3.84% | 3.75% | 3.54% | 3.65% |
| Moderna, Inc. (MRNA)vs › | $55.68B | 55.35% | 54.80% | 53.09% | 65.45% |
| Edwards Lifesciences Corporation (EW)vs › | $49.93B | 77.98% | 78.79% | 78.80% | 77.78% |
| Becton, Dickinson and Company (BDX)vs › | $49.35B | 46.12% | 45.33% | 44.44% | 44.19% |
Gross Margin
11.7%
(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 | 20.88% |
| 2026-03-31 | 9.45% |
| 2025-12-31 | 7.66% |
| 2025-09-30 | 8.52% |
| 2025-06-30 | 11.73% |
| 2025-03-31 | 10.09% |
| 2024-12-31 | 9.84% |
| 2024-09-30 | 10.37% |
| 2024-06-30 | 10.77% |
| 2024-03-31 | 11.15% |
| 2023-12-31 | 12.86% |
| 2023-09-30 | 13.22% |
| 2023-06-30 | 12.58% |
| 2023-03-31 | 12.92% |
| 2022-12-31 | 12.44% |
| 2022-09-30 | 12.71% |
| 2022-06-30 | 13.49% |
| 2022-03-31 | 13.45% |
| 2021-12-31 | 12.47% |
| 2021-09-30 | 13.29% |
| 2021-06-30 | 13.09% |
| 2021-03-31 | 13.99% |
| 2020-12-31 | 13.92% |
| 2020-09-30 | 14.41% |
| 2020-06-30 | 16.66% |
| 2020-03-31 | 15.49% |
| 2019-12-31 | 16.35% |
| 2019-09-30 | 16.26% |
| 2019-06-30 | 16.18% |
| 2019-03-31 | 16.54% |
| 2018-12-31 | 29.20% |
| 2018-09-30 | 35.37% |
| 2018-06-30 | 35.03% |
| 2018-03-31 | 35.75% |
| 2017-12-31 | 31.16% |
| 2017-09-30 | 35.18% |
| 2017-06-30 | 34.28% |
| 2017-03-31 | 34.15% |
| 2016-12-31 | 32.05% |
| 2016-09-30 | 32.46% |
| 2016-06-30 | 31.52% |
| 2016-03-31 | 32.18% |
| 2015-12-31 | 32.27% |
| 2015-09-30 | 32.89% |
| 2015-06-30 | 33.58% |
| 2015-03-31 | 32.77% |
| 2014-12-31 | 32.99% |
| 2014-09-30 | 33.09% |
| 2014-06-30 | 33.72% |
| 2014-03-31 | 33.96% |
| 2013-12-31 | 0.00% |
| 2013-09-30 | 0.00% |
| 2013-06-30 | 0.00% |
| 2013-03-31 | 0.00% |
| 2012-12-31 | 0.00% |
| 2012-09-30 | 0.00% |
| 2012-06-30 | 100.00% |
| 2012-03-31 | 100.00% |
| 2011-12-31 | 100.00% |
| 2011-09-30 | 100.00% |
| 2011-06-30 | 100.00% |
| 2011-03-31 | 100.00% |
| 2010-12-31 | 100.00% |
| 2010-09-30 | 100.00% |
| 2010-06-30 | 100.00% |
| 2010-03-31 | 100.00% |
| 2009-12-31 | 100.00% |
| 2009-09-30 | 100.00% |
| 2009-06-30 | 100.00% |
| 2009-03-31 | 100.00% |
| 2008-12-31 | 100.00% |
| 2008-09-30 | 100.00% |
| 2008-06-30 | 100.00% |
| 2008-03-31 | 100.00% |
| 2007-12-31 | 100.00% |
| 2007-09-30 | 100.00% |
| 2007-06-30 | 100.00% |
| 2007-03-31 | 100.00% |
| 2006-12-31 | 100.00% |
| 2006-09-30 | 100.00% |
| 2006-06-30 | 100.00% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 100.00% |
| 2005-09-30 | 100.00% |
| 2005-06-30 | 100.00% |
| 2005-03-31 | 100.00% |
| 2004-12-31 | 100.00% |
| 2004-09-30 | 100.00% |
| 2004-06-30 | 100.00% |
| 2004-03-31 | 100.00% |
| 2003-12-31 | 100.00% |
| 2003-09-30 | 100.00% |
| 2003-06-30 | 100.00% |
| 2003-03-31 | 100.00% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
