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 23.26% is 12% below its 5-year average of 26.52%, near the low end of its 5-year range (21.67%–33.10%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.52% above its 12-month average of 22.91%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
23.26%
GROSS MARGIN AVG TTM
22.91%
GROSS MARGIN AVG 3Y
24.72%
GROSS MARGIN AVG 5Y
26.52%
GROSS MARGIN AVG 10Y
24.82%
GROSS MARGIN AVG 15Y
23.28%
GROSS MARGIN AVG 20Y
22.33%
CURRENT VS TTM AVG
+1.52%
CURRENT VS 3Y AVG
-5.89%
CURRENT VS 5Y AVG
-12.28%
CURRENT VS 10Y AVG
-6.30%
CURRENT VS 15Y AVG
-0.07%
CURRENT VS 20Y AVG
+4.15%
SECTOR MEDIAN · CONSUMER CYCLICAL
37.66%
median of 87 covered companies
CURRENT VS SECTOR MEDIAN
-38.24%
vs the sector median at left
Market Cap
$43.39B
Gross Margin
25.38%
TTM Avg
26.02%
3Y Avg
25.53%
5Y Avg
23.69%
Market Cap
$40.53B
Gross Margin
34.43%
TTM Avg
33.56%
3Y Avg
26.05%
5Y Avg
-14.53%
Market Cap
$35.73B
Gross Margin
90.27%
TTM Avg
89.79%
3Y Avg
88.28%
5Y Avg
83.85%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| D.R. Horton, Inc. (DHI) | $42.06B | 23.26% | 22.91% | 24.72% | 26.52% |
| Chipotle Mexican Grill, Inc. (CMG)vs › | $43.39B | 25.38% | 26.02% | 25.53% | 23.69% |
| Yum! Brands, Inc. (YUM)vs › | $40.70B | 45.80% | 46.83% | 47.85% | 47.84% |
| Carnival Corporation & plc (CCL)vs › | $40.53B | 34.43% | 33.56% | 26.05% | -14.53% |
| JD.com, Inc. (JD)vs › | $46.28B | 9.55% | 9.55% | 11.97% | 12.68% |
| Expedia Group, Inc. (EXPE)vs › | $35.73B | 90.27% | 89.79% | 88.28% | 83.85% |
| eBay Inc. (EBAY)vs › | $48.67B | 72.01% | 71.72% | 72.02% | 73.74% |
| AutoZone, Inc. (AZO)vs › | $49.43B | 51.75% | 52.86% | 52.56% | 52.51% |
| Tapestry, Inc. (TPR)vs › | $31.51B | 76.18% | 74.37% | 72.27% | 70.90% |
| Casey's General Stores, Inc. (CASY)vs › | $31.48B | 24.61% | 24.07% | 22.76% | 23.24% |
Gross Margin
23.3%
(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 | 23.26% |
| 2026-03-31 | 22.54% |
| 2025-12-31 | 23.16% |
| 2025-09-30 | 21.67% |
| 2025-06-30 | 23.95% |
| 2025-03-31 | 24.57% |
| 2024-12-31 | 25.09% |
| 2024-09-30 | 25.54% |
| 2024-06-30 | 26.51% |
| 2024-03-31 | 25.62% |
| 2023-12-31 | 25.97% |
| 2023-09-30 | 26.88% |
| 2023-06-30 | 26.57% |
| 2023-03-31 | 24.79% |
| 2022-12-31 | 27.09% |
| 2022-09-30 | 29.86% |
| 2022-06-30 | 33.10% |
| 2022-03-31 | 32.12% |
| 2021-12-31 | 30.45% |
| 2021-09-30 | 29.67% |
| 2021-06-30 | 28.44% |
| 2021-03-31 | 27.86% |
| 2020-12-31 | 26.98% |
| 2020-09-30 | 25.73% |
| 2020-06-30 | 24.22% |
| 2020-03-31 | 23.32% |
| 2019-12-31 | 23.29% |
| 2019-09-30 | 22.97% |
| 2019-06-30 | 21.90% |
| 2019-03-31 | 21.12% |
| 2018-12-31 | 21.82% |
| 2018-09-30 | 23.22% |
| 2018-06-30 | 23.41% |
| 2018-03-31 | 21.95% |
| 2017-12-31 | 22.58% |
| 2017-09-30 | 21.52% |
| 2017-06-30 | 21.59% |
| 2017-03-31 | 21.57% |
| 2016-12-31 | 21.91% |
| 2016-09-30 | 22.00% |
| 2016-06-30 | 21.93% |
| 2016-03-31 | 21.63% |
| 2015-12-31 | 21.69% |
| 2015-09-30 | 20.92% |
| 2015-06-30 | 21.36% |
| 2015-03-31 | 21.10% |
| 2014-12-31 | 21.20% |
| 2014-09-30 | 21.14% |
| 2014-06-30 | 19.63% |
| 2014-03-31 | 23.93% |
| 2013-12-31 | 23.76% |
| 2013-09-30 | 22.23% |
| 2013-06-30 | 23.48% |
| 2013-03-31 | 22.52% |
| 2012-12-31 | 21.39% |
| 2012-09-30 | 20.20% |
| 2012-06-30 | 20.18% |
| 2012-03-31 | 19.77% |
| 2011-12-31 | 18.71% |
| 2011-09-30 | 18.35% |
| 2011-06-30 | 17.52% |
| 2011-03-31 | 16.35% |
| 2010-12-31 | 16.67% |
| 2010-09-30 | 15.87% |
| 2010-06-30 | 16.68% |
| 2010-03-31 | 19.26% |
| 2009-12-31 | 18.69% |
| 2009-09-30 | -4.92% |
| 2009-06-30 | 1.11% |
| 2009-03-31 | 7.42% |
| 2008-12-31 | 11.05% |
| 2008-09-30 | -49.05% |
| 2008-06-30 | -10.39% |
| 2008-03-28 | -38.98% |
| 2007-12-31 | 2.10% |
| 2007-09-30 | 8.38% |
| 2007-06-29 | -14.56% |
| 2007-03-31 | 15.55% |
| 2006-12-31 | 17.46% |
| 2006-09-30 | 18.66% |
| 2006-06-30 | 23.79% |
| 2006-03-31 | 27.32% |
| 2005-12-31 | 29.85% |
| 2005-09-30 | 26.32% |
| 2005-06-30 | 27.88% |
| 2005-03-31 | 26.74% |
| 2004-12-31 | 26.71% |
| 2004-09-30 | 24.94% |
| 2004-06-30 | 24.17% |
| 2004-03-31 | 23.94% |
| 2003-12-31 | 24.23% |
| 2003-09-30 | 22.65% |
| 2003-06-30 | 21.95% |
| 2003-03-31 | 21.59% |
| 2002-12-31 | 21.57% |
| 2002-09-30 | 20.72% |
