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 43.72% is in line with its 5-year average of 42.64%, near the high end of its 5-year range (37.14%–46.30%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.87% below its 12-month average of 44.10%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
43.72%
GROSS MARGIN AVG TTM
44.10%
GROSS MARGIN AVG 3Y
42.47%
GROSS MARGIN AVG 5Y
42.64%
GROSS MARGIN AVG 10Y
42.86%
GROSS MARGIN AVG 15Y
42.81%
GROSS MARGIN AVG 20Y
50.06%
CURRENT VS TTM AVG
-0.87%
CURRENT VS 3Y AVG
+2.94%
CURRENT VS 5Y AVG
+2.53%
CURRENT VS 10Y AVG
+2.01%
CURRENT VS 15Y AVG
+2.13%
CURRENT VS 20Y AVG
-12.66%
SECTOR MEDIAN · INDUSTRIALS
32.83%
median of 132 covered companies
CURRENT VS SECTOR MEDIAN
+33.17%
vs the sector median at left
Canadian National Railway Company
Market Cap
$76.56B
Gross Margin
43.72%
TTM Avg
44.10%
3Y Avg
42.47%
5Y Avg
42.64%
Market Cap
$75.47B
Gross Margin
42.43%
TTM Avg
36.74%
3Y Avg
33.43%
5Y Avg
34.60%
Market Cap
$74.53B
Gross Margin
36.57%
TTM Avg
37.70%
3Y Avg
37.47%
5Y Avg
36.30%
Market Cap
$81.32B
Gross Margin
50.67%
TTM Avg
50.29%
3Y Avg
49.19%
5Y Avg
48.26%
Market Cap
$81.75B
Gross Margin
59.84%
TTM Avg
52.01%
3Y Avg
51.86%
5Y Avg
53.71%
Market Cap
$81.97B
Gross Margin
20.06%
TTM Avg
20.09%
3Y Avg
19.32%
5Y Avg
19.66%
Market Cap
$70.49B
Gross Margin
37.07%
TTM Avg
36.33%
3Y Avg
37.50%
5Y Avg
36.53%
Market Cap
$70.05B
Gross Margin
31.24%
TTM Avg
28.24%
3Y Avg
20.92%
5Y Avg
20.68%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian National Railway Company (CNI) | $76.56B | 43.72% | 44.10% | 42.47% | 42.64% |
| FedEx Corporation (FDX)vs › | $77.13B | 22.90% | 21.69% | 21.56% | 21.51% |
| Norfolk Southern Corporation (NSC)vs › | $75.47B | 42.43% | 36.74% | 33.43% | 34.60% |
| Honeywell International Inc. (HON)vs › | $74.53B | 36.57% | 37.70% | 37.47% | 36.30% |
| Cintas Corporation (CTAS)vs › | $81.32B | 50.67% | 50.29% | 49.19% | 48.26% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.75B | 59.84% | 52.01% | 51.86% | 53.71% |
| Northrop Grumman Corporation (NOC)vs › | $81.97B | 20.06% | 20.09% | 19.32% | 19.66% |
| United Rentals, Inc. (URI)vs › | $70.49B | 37.07% | 36.33% | 37.50% | 36.53% |
| Bloom Energy Corporation (BE)vs › | $70.05B | 31.24% | 28.24% | 20.92% | 20.68% |
| TransDigm Group Incorporated (TDG)vs › | $69.54B | 59.57% | 59.49% | 58.60% | 56.44% |
Gross Margin
43.7%
(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 | 43.72% |
| 2026-03-31 | 42.82% |
| 2025-12-31 | 46.30% |
| 2025-09-30 | 44.90% |
| 2025-06-30 | 42.77% |
| 2025-03-31 | 40.36% |
| 2024-12-31 | 41.51% |
| 2024-09-30 | 40.44% |
| 2024-06-30 | 41.28% |
| 2024-03-31 | 40.22% |
| 2023-12-31 | 44.02% |
| 2023-09-30 | 41.33% |
| 2023-06-30 | 42.45% |
| 2023-03-31 | 42.04% |
| 2022-12-31 | 44.65% |
| 2022-09-30 | 45.80% |
| 2022-06-30 | 44.29% |
| 2022-03-31 | 37.14% |
| 2021-12-31 | 45.06% |
| 2021-09-30 | 42.44% |
| 2021-06-30 | 41.97% |
| 2021-03-31 | 38.02% |
| 2020-12-31 | 41.96% |
| 2020-09-30 | 43.41% |
| 2020-06-30 | 43.32% |
| 2020-03-31 | 38.56% |
| 2019-12-31 | 37.50% |
| 2019-09-30 | 44.57% |
| 2019-06-30 | 45.42% |
| 2019-03-31 | 34.88% |
| 2018-12-31 | 41.05% |
| 2018-09-30 | 43.44% |
| 2018-06-30 | 44.81% |
| 2018-03-31 | 36.63% |
| 2017-12-31 | 43.26% |
| 2017-09-30 | 45.23% |
| 2017-06-30 | 46.02% |
| 2017-03-31 | 41.83% |
| 2016-12-31 | 46.81% |
| 2016-09-30 | 48.94% |
| 2016-06-30 | 48.03% |
| 2016-03-31 | 44.84% |
| 2015-12-31 | 44.98% |
| 2015-09-30 | 48.42% |
| 2015-06-30 | 46.53% |
| 2015-03-31 | 39.44% |
| 2014-12-31 | 42.44% |
| 2014-09-30 | 44.03% |
| 2014-06-30 | 43.04% |
| 2014-03-31 | 34.05% |
| 2013-12-31 | 37.89% |
| 2013-09-30 | 42.99% |
| 2013-06-30 | 41.52% |
| 2013-03-31 | 34.91% |
| 2012-12-31 | -45.22% |
| 2012-09-30 | 42.33% |
| 2012-06-30 | 41.92% |
| 2012-03-31 | 37.08% |
| 2011-12-31 | 68.87% |
| 2011-09-30 | 70.48% |
| 2011-06-30 | 70.13% |
| 2011-03-31 | 68.14% |
| 2010-12-31 | 70.00% |
| 2010-09-30 | 73.80% |
| 2010-06-30 | 73.01% |
| 2010-03-31 | 70.94% |
| 2009-12-31 | 71.15% |
| 2009-09-30 | 73.01% |
| 2009-06-30 | 72.09% |
| 2009-03-31 | 70.15% |
| 2008-12-31 | 68.91% |
| 2008-09-30 | 68.23% |
| 2008-06-30 | 64.63% |
| 2008-03-31 | 65.80% |
| 2007-12-31 | -15.62% |
| 2007-09-30 | 72.47% |
| 2007-06-30 | 71.68% |
| 2007-03-31 | 48.58% |
| 2006-12-31 | 73.75% |
| 2006-09-30 | 75.28% |
| 2006-06-30 | 77.99% |
| 2006-03-31 | 33.82% |
| 2005-12-31 | 74.78% |
| 2005-09-30 | 77.09% |
| 2005-06-30 | 79.56% |
| 2005-03-31 | 78.17% |
| 2004-12-31 | 92.14% |
| 2004-09-30 | 77.43% |
| 2004-06-30 | 81.73% |
| 2004-03-31 | 73.91% |
| 2003-12-31 | 90.78% |
| 2003-10-20 | 73.61% |
| 2003-06-30 | 71.19% |
| 2003-03-31 | 71.81% |
| 2002-12-31 | -38.74% |
| 2002-09-30 | 82.15% |
