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 27.32% is 10% above its 5-year average of 24.74%, near the high end of its 5-year range (6.20%–33.55%).
1.21% below its 12-month average of 27.65%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 33.55%.
GROSS MARGIN
27.32%
GROSS MARGIN AVG TTM
27.65%
GROSS MARGIN AVG 3Y
26.75%
GROSS MARGIN AVG 5Y
24.74%
GROSS MARGIN AVG 10Y
25.84%
GROSS MARGIN AVG 15Y
26.01%
GROSS MARGIN AVG 20Y
28.22%
CURRENT VS TTM AVG
-1.21%
CURRENT VS 3Y AVG
+2.15%
CURRENT VS 5Y AVG
+10.42%
CURRENT VS 10Y AVG
+5.74%
CURRENT VS 15Y AVG
+5.03%
CURRENT VS 20Y AVG
-3.18%
SECTOR MEDIAN · INDUSTRIALS
30.92%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
-11.66%
vs the sector median at left
Delta Air Lines, Inc.
Market Cap
$52.55B
Gross Margin
27.32%
TTM Avg
27.65%
3Y Avg
26.75%
5Y Avg
24.74%
Market Cap
$50.16B
Gross Margin
34.84%
TTM Avg
35.23%
3Y Avg
36.26%
5Y Avg
36.26%
Market Cap
$47.84B
Gross Margin
34.33%
TTM Avg
31.95%
3Y Avg
31.17%
5Y Avg
30.54%
Market Cap
$47.67B
Gross Margin
54.53%
TTM Avg
46.33%
3Y Avg
43.42%
5Y Avg
43.59%
Market Cap
$47.37B
Gross Margin
24.34%
TTM Avg
26.23%
3Y Avg
26.14%
5Y Avg
27.14%
Market Cap
$45.72B
Gross Margin
25.48%
TTM Avg
25.81%
3Y Avg
25.99%
5Y Avg
27.40%
Market Cap
$59.51B
Gross Margin
25.67%
TTM Avg
22.57%
3Y Avg
20.52%
5Y Avg
19.92%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Delta Air Lines, Inc. (DAL) | $52.55B | 27.32% | 27.65% | 26.75% | 24.74% |
| Honeywell Aerospace Inc (HONA)vs › | $50.16B | 34.84% | 35.23% | 36.26% | 36.26% |
| AMETEK, Inc. (AME)vs › | $55.44B | 36.58% | 36.03% | 35.77% | 35.26% |
| Fastenal Company (FAST)vs › | $56.59B | 44.70% | 45.05% | 45.45% | 45.58% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $47.84B | 34.33% | 31.95% | 31.17% | 30.54% |
| Rockwell Automation, Inc. (ROK)vs › | $47.67B | 54.53% | 46.33% | 43.42% | 43.59% |
| Carrier Global Corporation (CARR)vs › | $47.37B | 24.34% | 26.23% | 26.14% | 27.14% |
| L3Harris Technologies, Inc. (LHX)vs › | $45.72B | 25.48% | 25.81% | 25.99% | 27.40% |
| Comfort Systems USA, Inc. (FIX)vs › | $59.51B | 25.67% | 22.57% | 20.52% | 19.92% |
| HEICO Corporation (HEI-A)vs › | $45.31B | 40.40% | 40.82% | 41.56% | 41.79% |
Gross Margin
27.3%
(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 | 33.55% |
| 2026-03-31 | 28.63% |
| 2025-12-31 | 22.36% |
| 2025-09-30 | 23.48% |
| 2025-06-30 | 30.26% |
| 2025-03-31 | 21.46% |
| 2024-12-31 | 28.56% |
| 2024-09-30 | 26.45% |
| 2024-06-30 | 30.73% |
| 2024-03-31 | 20.72% |
| 2023-12-31 | 24.52% |
| 2023-09-30 | 27.03% |
| 2023-06-30 | 29.95% |
| 2023-03-31 | 14.08% |
| 2022-12-31 | 24.35% |
| 2022-09-30 | 24.11% |
| 2022-06-30 | 23.67% |
| 2022-03-31 | 7.33% |
| 2021-12-31 | 17.49% |
| 2021-09-30 | 18.73% |
| 2021-06-30 | 6.20% |
| 2021-03-31 | -40.41% |
| 2020-12-31 | -27.81% |
| 2020-09-30 | -51.83% |
| 2020-06-30 | -205.25% |
| 2020-03-31 | 14.77% |
| 2019-12-31 | 26.30% |
| 2019-09-30 | 30.02% |
| 2019-06-30 | 29.80% |
| 2019-03-31 | 23.95% |
| 2018-12-31 | 23.44% |
| 2018-09-30 | 26.75% |
| 2018-06-30 | 26.95% |
| 2018-03-31 | 22.32% |
| 2017-12-31 | 27.82% |
| 2017-09-30 | 29.80% |
| 2017-06-30 | 31.65% |
| 2017-03-31 | 25.03% |
| 2016-12-31 | 25.70% |
| 2016-09-30 | 33.22% |
| 2016-06-30 | 36.65% |
| 2016-03-31 | 31.32% |
| 2015-12-31 | 31.41% |
| 2015-09-30 | 33.47% |
| 2015-06-30 | 36.66% |
| 2015-03-31 | 29.05% |
| 2014-12-31 | 5.89% |
| 2014-09-30 | 25.54% |
| 2014-06-30 | 27.28% |
| 2014-03-31 | 20.73% |
| 2013-12-31 | 22.45% |
| 2013-09-30 | 28.45% |
| 2013-06-30 | 21.94% |
| 2013-03-31 | 16.92% |
| 2012-12-31 | -48.11% |
| 2012-09-30 | 27.41% |
| 2012-06-30 | 15.55% |
| 2012-03-31 | 18.35% |
| 2011-12-31 | 44.67% |
| 2011-09-30 | 41.11% |
| 2011-06-30 | 39.39% |
| 2011-03-31 | 36.35% |
| 2010-12-31 | 62.49% |
| 2010-09-30 | 47.77% |
| 2010-06-30 | 47.56% |
| 2010-03-31 | 42.63% |
| 2009-12-31 | 55.87% |
| 2009-09-30 | 42.57% |
| 2009-06-30 | 46.23% |
| 2009-03-31 | 49.81% |
| 2008-12-31 | 46.09% |
| 2008-09-30 | 42.11% |
| 2008-06-30 | 44.32% |
| 2008-03-31 | 42.82% |
| 2007-12-31 | 0.00% |
| 2007-09-30 | 52.97% |
| 2007-06-30 | 55.67% |
| 2007-03-31 | 78.17% |
| 2006-12-31 | 0.00% |
| 2006-09-30 | 0.00% |
| 2006-06-30 | 0.00% |
| 2006-03-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2005-09-30 | 0.00% |
| 2005-06-30 | 0.00% |
| 2005-03-31 | 0.00% |
| 2004-12-31 | 0.00% |
| 2004-09-30 | 0.00% |
| 2004-06-30 | 0.00% |
| 2004-03-31 | 0.00% |
| 2003-12-31 | 0.00% |
| 2003-09-30 | 0.00% |
| 2003-06-30 | 0.00% |
| 2003-03-31 | 0.00% |
| 2002-12-31 | 0.00% |
| 2002-09-30 | 66.81% |
