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 26.71% is in line with its 5-year average of 24.50%, near the high end of its 5-year range (22.39%–26.71%).
As of the fiscal period ended Tuesday, March 31, 2026. 4.40% above its 12-month average of 25.58%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
26.71%
GROSS MARGIN AVG TTM
25.58%
GROSS MARGIN AVG 3Y
24.90%
GROSS MARGIN AVG 5Y
24.50%
GROSS MARGIN AVG 10Y
24.69%
GROSS MARGIN AVG 15Y
25.03%
GROSS MARGIN AVG 20Y
24.42%
CURRENT VS TTM AVG
+4.40%
CURRENT VS 3Y AVG
+7.25%
CURRENT VS 5Y AVG
+9.01%
CURRENT VS 10Y AVG
+8.17%
CURRENT VS 15Y AVG
+6.71%
CURRENT VS 20Y AVG
+9.39%
SECTOR MEDIAN · INDUSTRIALS
32.52%
median of 133 covered companies
CURRENT VS SECTOR MEDIAN
-17.87%
vs the sector median at left
Market Cap
$93.91B
Gross Margin
13.59%
TTM Avg
13.12%
3Y Avg
12.92%
5Y Avg
13.26%
Market Cap
$95.88B
Gross Margin
32.06%
TTM Avg
29.07%
3Y Avg
28.39%
5Y Avg
28.01%
Market Cap
$87.47B
Gross Margin
36.56%
TTM Avg
35.81%
3Y Avg
35.26%
5Y Avg
34.71%
Market Cap
$85.70B
Gross Margin
17.79%
TTM Avg
18.42%
3Y Avg
19.11%
5Y Avg
20.03%
Market Cap
$82.86B
Gross Margin
52.66%
TTM Avg
51.81%
3Y Avg
49.57%
5Y Avg
47.39%
Market Cap
$82.39B
Gross Margin
50.67%
TTM Avg
50.29%
3Y Avg
49.19%
5Y Avg
48.26%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cummins Inc. (CMI) | $91.71B | 26.71% | 25.58% | 24.90% | 24.50% |
| Quanta Services, Inc. (PWR)vs › | $93.91B | 13.59% | 13.12% | 12.92% | 13.26% |
| 3M Company (MMM)vs › | $89.02B | 39.40% | 40.28% | 40.80% | 43.11% |
| Waste Management, Inc. (WM)vs › | $95.88B | 32.06% | 29.07% | 28.39% | 28.01% |
| Johnson Controls International plc (JCI)vs › | $87.47B | 36.56% | 35.81% | 35.26% | 34.71% |
| United Parcel Service, Inc. (UPS)vs › | $85.70B | 17.79% | 18.42% | 19.11% | 20.03% |
| CSX Corporation (CSX)vs › | $98.61B | 27.76% | 35.56% | 36.96% | 38.67% |
| Emerson Electric Co. (EMR)vs › | $82.86B | 52.66% | 51.81% | 49.57% | 47.39% |
| Cintas Corporation (CTAS)vs › | $82.39B | 50.67% | 50.29% | 49.19% | 48.26% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.99B | 46.67% | 52.01% | 51.86% | 53.71% |
Gross Margin
26.7%
(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 |
|---|---|
| 2026-03-31 | 26.71% |
| 2025-12-31 | 22.86% |
| 2025-09-30 | 25.60% |
| 2025-06-30 | 26.39% |
| 2025-03-31 | 26.36% |
| 2024-12-31 | 24.08% |
| 2024-09-30 | 25.67% |
| 2024-06-30 | 24.93% |
| 2024-03-31 | 24.29% |
| 2023-12-31 | 23.42% |
| 2023-09-30 | 24.56% |
| 2023-06-30 | 24.87% |
| 2023-03-31 | 24.00% |
| 2022-12-31 | 23.41% |
| 2022-09-30 | 22.39% |
| 2022-06-30 | 26.21% |
| 2022-03-31 | 23.99% |
| 2021-12-31 | 22.51% |
| 2021-10-03 | 23.69% |
| 2021-07-04 | 24.19% |
| 2021-04-04 | 24.39% |
| 2020-12-31 | 23.34% |
| 2020-09-27 | 26.36% |
| 2020-06-28 | 23.10% |
| 2020-03-29 | 25.82% |
| 2019-12-31 | 23.54% |
| 2019-09-29 | 25.90% |
| 2019-06-30 | 26.38% |
| 2019-03-31 | 25.52% |
| 2018-12-31 | 25.24% |
| 2018-09-30 | 26.10% |
| 2018-07-01 | 23.48% |
| 2018-04-01 | 21.54% |
| 2017-12-31 | 25.09% |
| 2017-10-01 | 25.37% |
| 2017-07-02 | 24.64% |
| 2017-04-02 | 24.67% |
| 2016-12-31 | 24.87% |
| 2016-10-02 | 25.77% |
| 2016-07-03 | 26.44% |
| 2016-04-03 | 24.61% |
| 2015-12-31 | 25.43% |
| 2015-09-27 | 26.15% |
| 2015-06-28 | 26.56% |
| 2015-03-29 | 25.38% |
| 2014-12-31 | 25.01% |
| 2014-09-28 | 26.26% |
| 2014-06-29 | 24.92% |
| 2014-03-30 | 24.94% |
| 2013-12-31 | 25.37% |
| 2013-09-29 | 25.34% |
| 2013-06-30 | 25.48% |
| 2013-03-31 | 24.40% |
| 2012-12-31 | 24.65% |
| 2012-09-30 | 25.30% |
| 2012-07-01 | 27.18% |
| 2012-04-01 | 26.79% |
| 2011-12-31 | 25.22% |
| 2011-09-25 | 25.68% |
| 2011-06-26 | 25.92% |
| 2011-03-27 | 24.79% |
| 2010-12-31 | 23.77% |
| 2010-09-26 | 24.40% |
| 2010-06-27 | 23.47% |
| 2010-03-28 | 24.25% |
| 2009-12-31 | 22.74% |
| 2009-09-27 | 19.88% |
| 2009-06-28 | 18.43% |
| 2009-03-29 | 18.25% |
| 2008-12-31 | 16.24% |
| 2008-09-28 | 22.20% |
| 2008-06-29 | 22.61% |
| 2008-03-30 | 20.35% |
| 2007-12-31 | 19.40% |
| 2007-09-30 | 19.34% |
| 2007-06-30 | 20.04% |
| 2007-04-01 | 19.60% |
| 2006-12-31 | 22.09% |
| 2006-10-01 | 21.97% |
| 2006-06-30 | 22.73% |
| 2006-04-02 | 22.37% |
| 2005-12-31 | 22.48% |
| 2005-09-25 | 22.74% |
| 2005-06-26 | 22.09% |
| 2005-03-27 | 20.65% |
| 2004-12-31 | 20.14% |
| 2004-09-26 | 19.78% |
| 2004-06-27 | 20.15% |
| 2004-03-28 | 19.48% |
| 2003-12-31 | 19.35% |
| 2003-09-28 | 17.93% |
| 2003-06-29 | 17.93% |
| 2003-03-30 | 15.43% |
| 2002-12-31 | 16.62% |
| 2002-09-29 | 18.81% |
| 2002-06-30 | 19.00% |
