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 53.42% is in line with its 5-year average of 53.59%, around the middle of its 5-year range (48.93%–59.15%).
0.17% above its 12-month average of 53.33%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 51.44%.
GROSS MARGIN
53.42%
GROSS MARGIN AVG TTM
53.33%
GROSS MARGIN AVG 3Y
51.48%
GROSS MARGIN AVG 5Y
53.59%
GROSS MARGIN AVG 10Y
54.34%
GROSS MARGIN AVG 15Y
52.66%
GROSS MARGIN AVG 20Y
54.36%
CURRENT VS TTM AVG
+0.17%
CURRENT VS 3Y AVG
+3.77%
CURRENT VS 5Y AVG
-0.32%
CURRENT VS 10Y AVG
-1.70%
CURRENT VS 15Y AVG
+1.44%
CURRENT VS 20Y AVG
-1.73%
SECTOR MEDIAN · INDUSTRIALS
30.92%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+72.74%
vs the sector median at left
Canadian Pacific Kansas City Ltd.
Market Cap
$77.61B
Gross Margin
53.42%
TTM Avg
53.33%
3Y Avg
51.48%
5Y Avg
53.59%
Market Cap
$78.66B
Gross Margin
44.16%
TTM Avg
43.88%
3Y Avg
42.30%
5Y Avg
41.61%
Market Cap
$81.05B
Gross Margin
31.24%
TTM Avg
28.24%
3Y Avg
20.92%
5Y Avg
20.68%
Market Cap
$81.39B
Gross Margin
16.63%
TTM Avg
18.42%
3Y Avg
19.11%
5Y Avg
20.03%
Market Cap
$73.08B
Gross Margin
20.06%
TTM Avg
20.09%
3Y Avg
19.32%
5Y Avg
19.66%
Market Cap
$72.28B
Gross Margin
44.43%
TTM Avg
42.87%
3Y Avg
42.87%
5Y Avg
42.52%
Market Cap
$83.09B
Gross Margin
35.04%
TTM Avg
29.07%
3Y Avg
28.39%
5Y Avg
28.01%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Pacific Kansas City Ltd. (CP) | $77.61B | 53.42% | 53.33% | 51.48% | 53.59% |
| Cintas Corporation (CTAS)vs › | $76.82B | 50.67% | 50.29% | 49.19% | 48.26% |
| Illinois Tool Works Inc. (ITW)vs › | $78.66B | 44.16% | 43.88% | 42.30% | 41.61% |
| Bloom Energy Corporation (BE)vs › | $81.05B | 31.24% | 28.24% | 20.92% | 20.68% |
| United Parcel Service, Inc. (UPS)vs › | $81.39B | 16.63% | 18.42% | 19.11% | 20.03% |
| Northrop Grumman Corporation (NOC)vs › | $73.08B | 20.06% | 20.09% | 19.32% | 19.66% |
| Cummins Inc. (CMI)vs › | $72.40B | 25.32% | 25.02% | 24.55% | 24.43% |
| Canadian National Railway Company (CNI)vs › | $72.28B | 44.43% | 42.87% | 42.87% | 42.52% |
| Waste Management, Inc. (WM)vs › | $83.09B | 35.04% | 29.07% | 28.39% | 28.01% |
| Norfolk Southern Corporation (NSC)vs › | $70.75B | 42.43% | 36.74% | 33.43% | 34.60% |
Gross Margin
53.4%
(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 | 51.44% |
| 2026-03-31 | 51.39% |
| 2025-12-31 | 57.25% |
| 2025-09-30 | 53.51% |
| 2025-06-30 | 53.04% |
| 2025-03-31 | 51.33% |
| 2024-12-31 | 54.08% |
| 2024-09-30 | 50.72% |
| 2024-06-30 | 51.51% |
| 2024-03-31 | 49.15% |
| 2023-12-31 | 57.10% |
| 2023-09-30 | 51.18% |
| 2023-06-30 | 48.93% |
| 2023-03-31 | 50.84% |
| 2022-12-31 | 57.64% |
| 2022-09-30 | 55.54% |
| 2022-06-30 | 56.04% |
| 2022-03-31 | 49.02% |
| 2021-12-31 | 59.07% |
| 2021-09-30 | 57.52% |
| 2021-06-30 | 59.15% |
| 2021-03-31 | 58.40% |
| 2020-12-31 | 55.42% |
| 2020-09-30 | 58.40% |
| 2020-06-30 | 60.38% |
| 2020-03-31 | 56.14% |
| 2019-12-31 | 57.27% |
| 2019-09-30 | 59.83% |
| 2019-06-30 | 55.79% |
| 2019-03-31 | 47.31% |
| 2018-12-31 | 58.82% |
| 2018-09-30 | 57.32% |
| 2018-06-30 | 52.97% |
| 2018-03-31 | 50.54% |
| 2017-12-31 | 60.83% |
| 2017-09-30 | 53.42% |
| 2017-06-30 | 49.18% |
| 2017-03-31 | 50.03% |
| 2016-12-31 | 55.41% |
| 2016-09-30 | 54.12% |
| 2016-06-30 | 51.10% |
| 2016-03-31 | 53.11% |
| 2015-12-31 | 50.74% |
| 2015-09-30 | 50.32% |
| 2015-06-30 | 49.49% |
| 2015-03-31 | 45.23% |
| 2014-12-31 | 49.66% |
| 2014-09-30 | 46.71% |
| 2014-06-30 | 43.07% |
| 2014-03-31 | 37.11% |
| 2013-12-31 | 43.68% |
| 2013-09-30 | 43.22% |
| 2013-06-30 | 37.47% |
| 2013-03-31 | 33.04% |
| 2012-12-31 | 34.62% |
| 2012-09-30 | 35.35% |
| 2012-06-30 | 37.34% |
| 2012-03-31 | 34.52% |
| 2011-12-31 | 57.88% |
| 2011-09-30 | 58.36% |
| 2011-06-30 | 54.57% |
| 2011-03-31 | 69.97% |
| 2010-12-31 | 60.36% |
| 2010-09-30 | 64.28% |
| 2010-06-30 | 60.53% |
| 2010-03-31 | 58.42% |
| 2009-12-31 | 60.15% |
| 2009-09-30 | 63.30% |
| 2009-06-30 | 61.34% |
| 2009-03-31 | 53.60% |
| 2008-12-31 | 49.53% |
| 2008-09-30 | 57.95% |
| 2008-06-30 | 56.63% |
| 2008-03-31 | 63.16% |
| 2007-12-31 | 23.98% |
| 2007-09-30 | 67.58% |
| 2007-06-30 | 99.90% |
| 2007-03-31 | 60.97% |
| 2006-12-31 | 19.76% |
| 2006-09-30 | 64.89% |
| 2006-06-30 | 63.77% |
| 2006-03-31 | 62.48% |
| 2005-12-31 | 62.77% |
| 2005-09-30 | 63.87% |
| 2005-06-30 | 63.66% |
| 2005-03-31 | 61.07% |
| 2004-12-31 | 65.01% |
| 2004-09-30 | 63.38% |
| 2004-06-30 | 0.00% |
| 2004-03-31 | 0.00% |
| 2003-12-31 | 25.42% |
| 2003-09-30 | 64.90% |
| 2003-06-30 | 31.06% |
| 2003-03-31 | 74.69% |
| 2002-12-31 | 0.67% |
| 2002-09-30 | 86.29% |
