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 34.72% is in line with its 5-year average of 36.34%, near the low end of its 5-year range (33.32%–43.61%).
0.39% above its 12-month average of 34.59%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 36.63%.
GROSS MARGIN
34.72%
GROSS MARGIN AVG TTM
34.59%
GROSS MARGIN AVG 3Y
35.64%
GROSS MARGIN AVG 5Y
36.34%
GROSS MARGIN AVG 10Y
N/A
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+0.39%
CURRENT VS 3Y AVG
-2.59%
CURRENT VS 5Y AVG
-4.47%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
47.98%
median of 458 covered companies
CURRENT VS SECTOR MEDIAN
-27.63%
vs the sector median at left
Grid Dynamics Holdings, Inc.
Market Cap
$635.22M
Gross Margin
34.72%
TTM Avg
34.59%
3Y Avg
35.64%
5Y Avg
36.34%
Market Cap
$628.68M
Gross Margin
15.77%
TTM Avg
17.84%
3Y Avg
17.76%
5Y Avg
16.72%
Market Cap
$620.13M
Gross Margin
40.28%
TTM Avg
40.98%
3Y Avg
25.66%
5Y Avg
30.95%
Market Cap
$657.57M
Gross Margin
72.96%
TTM Avg
71.42%
3Y Avg
68.29%
5Y Avg
69.22%
Market Cap
$661.59M
Gross Margin
80.24%
TTM Avg
79.96%
3Y Avg
81.00%
5Y Avg
81.90%
Market Cap
$679.39M
Gross Margin
30.33%
TTM Avg
33.31%
3Y Avg
35.58%
5Y Avg
33.39%
Market Cap
$586.43M
Gross Margin
38.46%
TTM Avg
36.71%
3Y Avg
33.54%
5Y Avg
35.98%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Grid Dynamics Holdings, Inc. (GDYN) | $635.22M | 34.72% | 34.59% | 35.64% | 36.34% |
| Climb Global Solutions, Inc. (CLMB)vs › | $628.68M | 15.77% | 17.84% | 17.76% | 16.72% |
| indie Semiconductor, Inc. (INDI)vs › | $620.13M | 40.28% | 40.98% | 25.66% | 30.95% |
| Cognyte Software Ltd. (CGNT)vs › | $657.57M | 72.96% | 71.42% | 68.29% | 69.22% |
| Consensus Cloud Solutions, Inc. (CCSI)vs › | $661.59M | 80.24% | 79.96% | 81.00% | 81.90% |
| Docebo Inc. (DCBO)vs › | $613.24M | 79.40% | 80.62% | 80.61% | 80.69% |
| Gilat Satellite Networks Ltd. (GILT)vs › | $679.39M | 30.33% | 33.31% | 35.58% | 33.39% |
| ADTRAN Holdings Inc. (ADTN)vs › | $586.43M | 38.46% | 36.71% | 33.54% | 35.98% |
| IBEX Limited (IBEX)vs › | $578.14M | 29.17% | 30.04% | 29.57% | 27.80% |
| LightPath Technologies, Inc. (LPTH)vs › | $700.73M | 35.98% | 31.60% | 31.01% | 32.04% |
Gross Margin
34.7%
(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 | 36.63% |
| 2026-03-31 | 34.80% |
| 2025-12-31 | 34.04% |
| 2025-09-30 | 33.32% |
| 2025-06-30 | 34.13% |
| 2025-03-31 | 36.84% |
| 2024-12-31 | 36.94% |
| 2024-09-30 | 37.43% |
| 2024-06-30 | 35.60% |
| 2024-03-31 | 34.66% |
| 2023-12-31 | 36.01% |
| 2023-09-30 | 36.36% |
| 2023-06-30 | 36.60% |
| 2023-03-31 | 35.68% |
| 2022-12-31 | 40.06% |
| 2022-09-30 | 40.25% |
| 2022-06-30 | 37.32% |
| 2022-03-31 | 37.50% |
| 2021-12-31 | 41.07% |
| 2021-09-30 | 43.61% |
| 2021-06-30 | 41.52% |
| 2021-03-31 | 39.19% |
| 2020-12-31 | 40.71% |
| 2020-09-30 | 42.36% |
| 2020-06-30 | 37.49% |
| 2020-03-31 | 30.25% |
| 2019-12-31 | 39.58% |
| 2019-09-30 | 43.91% |
| 2019-06-30 | 39.93% |
| 2019-03-31 | 39.37% |
| 2018-12-31 | 40.40% |
| 2018-09-30 | 0.00% |
