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 20.48% is in line with its 5-year average of 19.43%, around the middle of its 5-year range (2.38%–29.01%).
70.70% above its 12-month average of 12.00%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 20.29%.
GROSS MARGIN
20.48%
GROSS MARGIN AVG TTM
12.00%
GROSS MARGIN AVG 3Y
15.42%
GROSS MARGIN AVG 5Y
19.43%
GROSS MARGIN AVG 10Y
21.04%
GROSS MARGIN AVG 15Y
21.58%
GROSS MARGIN AVG 20Y
30.78%
CURRENT VS TTM AVG
+70.70%
CURRENT VS 3Y AVG
+32.77%
CURRENT VS 5Y AVG
+5.41%
CURRENT VS 10Y AVG
-2.65%
CURRENT VS 15Y AVG
-5.10%
CURRENT VS 20Y AVG
-33.46%
SECTOR MEDIAN · INDUSTRIALS
26.47%
median of 471 covered companies
CURRENT VS SECTOR MEDIAN
-22.63%
vs the sector median at left
Forward Air Corporation
Market Cap
$478.93M
Gross Margin
20.48%
TTM Avg
12.00%
3Y Avg
15.42%
5Y Avg
19.43%
Market Cap
$489.29M
Gross Margin
28.78%
TTM Avg
31.97%
3Y Avg
34.37%
5Y Avg
34.36%
Market Cap
$497.89M
Gross Margin
38.25%
TTM Avg
38.70%
3Y Avg
39.62%
5Y Avg
41.20%
Market Cap
$505.70M
Gross Margin
16.21%
TTM Avg
26.60%
3Y Avg
31.73%
5Y Avg
39.45%
Market Cap
$449.74M
Gross Margin
10.68%
TTM Avg
13.80%
3Y Avg
15.12%
5Y Avg
14.04%
Market Cap
$515.81M
Gross Margin
19.43%
TTM Avg
20.22%
3Y Avg
20.17%
5Y Avg
19.63%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Forward Air Corporation (FWRD) | $478.93M | 20.48% | 12.00% | 15.42% | 19.43% |
| Columbus McKinnon Corporation (CMCO)vs › | $489.29M | 28.78% | 31.97% | 34.37% | 34.36% |
| Accelevation Holdings Corp. (ACCV)vs › | $495.15M | N/A | N/A | N/A | N/A |
| Concrete Pumping Holdings, Inc. (BBCP)vs › | $497.89M | 38.25% | 38.70% | 39.62% | 41.20% |
| Roma Green Finance Limited Ordinary Shares (ROMA)vs › | $505.70M | 16.21% | 26.60% | 31.73% | 39.45% |
| Universal Logistics Holdings, Inc. (ULH)vs › | $449.74M | 10.68% | 13.80% | 15.12% | 14.04% |
| Euroseas Ltd. (ESEA)vs › | $509.03M | 66.03% | 61.67% | 62.33% | 54.76% |
| BUUU Group Ltd (BUUU)vs › | $444.41M | 25.81% | 22.91% | 22.91% | 22.91% |
| Kelly Services, Inc. (KELYB)vs › | $515.81M | 19.43% | 20.22% | 20.17% | 19.63% |
| TAT Technologies Ltd. (TATT)vs › | $436.74M | 24.98% | 23.23% | 21.26% | 18.45% |
Gross Margin
20.5%
(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 | 20.29% |
| 2026-03-31 | 3.51% |
| 2025-12-31 | 15.19% |
| 2025-09-30 | 2.38% |
| 2025-06-30 | 18.63% |
| 2025-03-31 | 12.28% |
| 2024-12-31 | 14.51% |
| 2024-09-30 | 16.83% |
| 2024-06-30 | 12.01% |
| 2024-03-31 | 11.09% |
| 2023-12-31 | 28.25% |
| 2023-09-30 | 22.67% |
| 2023-06-30 | 22.88% |
| 2023-03-31 | 29.01% |
| 2022-12-31 | 28.78% |
| 2022-09-30 | 28.61% |
| 2022-06-30 | 28.34% |
| 2022-03-31 | 24.92% |
| 2021-12-31 | 24.45% |
| 2021-09-30 | 22.72% |
| 2021-06-30 | 20.67% |
| 2021-03-31 | 19.49% |
| 2020-12-31 | 18.73% |
| 2020-09-30 | 18.92% |
| 2020-06-30 | 16.51% |
| 2020-03-31 | 17.73% |
| 2019-12-31 | 19.75% |
| 2019-09-30 | 20.36% |
| 2019-06-30 | 21.23% |
| 2019-03-31 | 20.37% |
| 2018-12-31 | 20.47% |
| 2018-09-30 | 19.70% |
| 2018-06-30 | 20.76% |
| 2018-03-31 | 19.55% |
| 2017-12-31 | 21.02% |
| 2017-09-30 | 21.69% |
| 2017-06-30 | 21.99% |
| 2017-03-31 | 21.29% |
| 2016-12-31 | 21.38% |
| 2016-09-30 | 22.17% |
| 2016-06-30 | 23.22% |
| 2016-03-31 | 20.87% |
| 2015-12-31 | 21.26% |
| 2015-09-30 | 21.59% |
| 2015-06-30 | 19.36% |
| 2015-03-31 | 16.62% |
| 2014-12-31 | 22.76% |
| 2014-09-30 | 23.98% |
| 2014-06-30 | 23.49% |
| 2014-03-31 | 21.23% |
| 2013-12-31 | 22.48% |
| 2013-09-30 | 22.69% |
| 2013-06-30 | 23.16% |
| 2013-03-31 | 22.16% |
| 2012-12-31 | 24.27% |
| 2012-09-30 | 47.45% |
| 2012-06-30 | 48.28% |
| 2012-03-31 | 47.74% |
| 2011-12-31 | 49.57% |
| 2011-09-30 | 50.43% |
| 2011-06-30 | 50.58% |
| 2011-03-31 | 48.76% |
| 2010-12-31 | 11.89% |
| 2010-09-30 | 62.91% |
| 2010-06-30 | 63.66% |
| 2010-03-31 | 64.85% |
| 2009-12-31 | 64.95% |
| 2009-09-30 | 64.40% |
| 2009-06-30 | 65.33% |
| 2009-03-31 | 66.77% |
| 2009-02-24 | 66.10% |
| 2008-10-31 | 61.26% |
| 2008-06-30 | 64.03% |
| 2008-04-23 | 66.26% |
| 2008-02-19 | 44.44% |
| 2007-09-30 | 42.75% |
| 2007-06-30 | 43.77% |
| 2007-03-31 | 42.62% |
| 2006-12-31 | 43.16% |
| 2006-09-30 | 44.51% |
| 2006-06-30 | 46.27% |
| 2006-03-31 | 46.34% |
| 2005-12-31 | 44.56% |
| 2005-09-30 | 45.93% |
| 2005-06-30 | 45.33% |
| 2005-03-31 | 44.13% |
| 2004-12-31 | 44.75% |
| 2004-09-30 | 43.26% |
| 2004-06-30 | 44.16% |
| 2004-03-31 | 42.16% |
| 2003-12-31 | 42.62% |
| 2003-09-30 | 41.93% |
| 2003-06-30 | 42.61% |
| 2003-03-31 | 41.21% |
| 2002-12-31 | 40.90% |
| 2002-09-30 | 38.39% |
