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 4.24% is 34% above its 5-year average of 3.16%, near the high end of its 5-year range (2.74%–4.24%).
As of the fiscal period ended Tuesday, March 31, 2026. 21.96% above its 12-month average of 3.48%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
4.24%
GROSS MARGIN AVG TTM
3.48%
GROSS MARGIN AVG 3Y
3.05%
GROSS MARGIN AVG 5Y
3.10%
GROSS MARGIN AVG 10Y
2.86%
GROSS MARGIN AVG 15Y
2.87%
GROSS MARGIN AVG 20Y
2.94%
CURRENT VS TTM AVG
+21.96%
CURRENT VS 3Y AVG
+39.24%
CURRENT VS 5Y AVG
+36.71%
CURRENT VS 10Y AVG
+48.49%
CURRENT VS 15Y AVG
+48.00%
CURRENT VS 20Y AVG
+43.99%
SECTOR MEDIAN · HEALTHCARE
58.51%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-92.75%
vs the sector median at left
Market Cap
$60.26B
Gross Margin
46.48%
TTM Avg
45.33%
3Y Avg
44.44%
5Y Avg
44.19%
Market Cap
$68.46B
Gross Margin
70.41%
TTM Avg
65.16%
3Y Avg
63.29%
5Y Avg
62.03%
Market Cap
$71.62B
Gross Margin
84.55%
TTM Avg
85.74%
3Y Avg
85.09%
5Y Avg
84.57%
Market Cap
$48.18B
Gross Margin
78.01%
TTM Avg
78.79%
3Y Avg
78.80%
5Y Avg
77.78%
Market Cap
$44.93B
Gross Margin
62.05%
TTM Avg
61.42%
3Y Avg
60.55%
5Y Avg
59.83%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cencora, Inc. (COR) | $62.18B | 4.24% | 3.48% | 3.05% | 3.10% |
| Becton, Dickinson and Company (BDX)vs › | $60.26B | 46.48% | 45.33% | 44.44% | 44.19% |
| Boston Scientific Corporation (BSX)vs › | $68.46B | 70.41% | 65.16% | 63.29% | 62.03% |
| Cardinal Health, Inc. (CAH)vs › | $54.46B | 3.68% | 3.47% | 3.47% | 3.76% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $71.62B | 84.55% | 85.74% | 85.09% | 84.57% |
| Edwards Lifesciences Corporation (EW)vs › | $48.18B | 78.01% | 78.79% | 78.80% | 77.78% |
| Humana Inc. (HUM)vs › | $46.67B | 14.01% | 14.54% | 16.14% | 17.03% |
| IDEXX Laboratories, Inc. (IDXX)vs › | $44.93B | 62.05% | 61.42% | 60.55% | 59.83% |
| Cigna Corporation (CI)vs › | $79.64B | 9.30% | 9.98% | 11.47% | 12.36% |
| Elevance Health Inc. (ELV)vs › | $83.65B | 25.56% | 26.70% | 26.59% | 26.68% |
Gross Margin
4.2%
(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 | 4.24% |
| 2025-12-31 | 3.27% |
| 2025-09-30 | 3.11% |
| 2025-06-30 | 3.30% |
| 2025-03-31 | 3.47% |
| 2024-12-31 | 2.78% |
| 2024-09-30 | 2.74% |
| 2024-06-30 | 2.81% |
| 2024-03-31 | 3.30% |
| 2023-12-31 | 2.98% |
| 2023-09-30 | 2.77% |
| 2023-06-30 | 2.80% |
| 2023-03-31 | 3.24% |
| 2022-12-31 | 3.06% |
| 2022-09-30 | 2.97% |
| 2022-06-30 | 3.07% |
| 2022-03-31 | 3.57% |
| 2021-12-31 | 3.16% |
| 2021-09-30 | 3.17% |
| 2021-06-30 | 3.57% |
| 2021-03-31 | 2.91% |
| 2020-12-31 | 2.58% |
| 2020-09-30 | 2.54% |
| 2020-06-30 | 2.49% |
| 2020-03-31 | 2.73% |
| 2019-12-31 | 2.34% |
| 2019-09-30 | 2.35% |
| 2019-06-30 | 2.48% |
| 2019-03-31 | 2.88% |
| 2018-12-31 | 2.40% |
| 2018-09-30 | 2.11% |
| 2018-06-30 | 2.45% |
| 2018-03-31 | 2.77% |
| 2017-12-31 | 2.49% |
| 2017-09-30 | 2.73% |
| 2017-06-30 | 2.53% |
| 2017-03-31 | 3.12% |
| 2016-12-31 | 2.46% |
| 2016-09-30 | 2.74% |
| 2016-06-30 | 3.00% |
| 2016-03-31 | 3.01% |
| 2015-12-31 | 2.63% |
| 2015-09-30 | 2.74% |
| 2015-06-30 | 2.60% |
| 2015-03-31 | 2.79% |
| 2014-12-31 | 2.24% |
| 2014-09-30 | 2.76% |
| 2014-06-30 | 2.28% |
| 2014-03-31 | 2.56% |
| 2013-12-31 | 2.36% |
| 2013-09-30 | 2.32% |
| 2013-06-30 | 2.57% |
| 2013-03-31 | 3.49% |
| 2012-12-31 | 3.13% |
| 2012-09-30 | 3.59% |
| 2012-06-30 | 3.49% |
| 2012-03-31 | 3.46% |
| 2011-12-31 | 2.91% |
| 2011-09-30 | 3.03% |
| 2011-06-30 | 3.24% |
| 2011-03-31 | 3.48% |
| 2010-12-31 | 2.92% |
| 2010-09-30 | 3.01% |
| 2010-06-30 | 3.00% |
| 2010-03-31 | 3.17% |
| 2009-12-31 | 2.91% |
| 2009-09-30 | 2.88% |
| 2009-06-30 | 2.82% |
| 2009-03-31 | 3.19% |
| 2008-12-31 | 2.83% |
| 2008-09-30 | 3.07% |
| 2008-06-30 | 2.77% |
| 2008-03-31 | 3.13% |
| 2007-12-31 | 2.92% |
| 2007-09-30 | 3.22% |
| 2007-06-30 | 3.63% |
| 2007-03-31 | 3.67% |
| 2006-12-31 | 3.56% |
| 2006-09-30 | 3.74% |
| 2006-06-30 | 3.55% |
| 2006-03-31 | 3.68% |
| 2005-12-31 | 3.61% |
| 2005-09-30 | 3.75% |
| 2005-06-30 | 3.63% |
| 2005-03-31 | 3.81% |
| 2004-12-31 | 3.38% |
| 2004-09-30 | 3.69% |
| 2004-06-30 | 4.40% |
| 2004-03-31 | 4.36% |
| 2003-12-31 | 3.95% |
| 2003-09-30 | 4.62% |
| 2003-06-30 | 4.51% |
| 2003-03-31 | 4.78% |
| 2002-12-31 | 4.19% |
| 2002-09-30 | 4.56% |
| 2002-06-30 | 4.39% |
