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 39.51% is in line with its 5-year average of 38.76%, near the high end of its 5-year range (35.05%–39.98%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.75% above its 12-month average of 39.22%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
39.51%
GROSS MARGIN AVG TTM
39.22%
GROSS MARGIN AVG 3Y
39.44%
GROSS MARGIN AVG 5Y
38.95%
GROSS MARGIN AVG 10Y
38.78%
GROSS MARGIN AVG 15Y
40.07%
GROSS MARGIN AVG 20Y
40.36%
CURRENT VS TTM AVG
+0.75%
CURRENT VS 3Y AVG
+0.18%
CURRENT VS 5Y AVG
+1.45%
CURRENT VS 10Y AVG
+1.88%
CURRENT VS 15Y AVG
-1.38%
CURRENT VS 20Y AVG
-2.10%
SECTOR MEDIAN · INDUSTRIALS
33.10%
median of 131 covered companies
CURRENT VS SECTOR MEDIAN
+19.38%
vs the sector median at left
W.W. Grainger, Inc.
Market Cap
$60.32B
Gross Margin
39.51%
TTM Avg
39.22%
3Y Avg
39.44%
5Y Avg
38.95%
Market Cap
$60.07B
Gross Margin
27.32%
TTM Avg
24.85%
3Y Avg
24.62%
5Y Avg
13.34%
Market Cap
$59.64B
Gross Margin
25.67%
TTM Avg
22.57%
3Y Avg
20.52%
5Y Avg
19.92%
Market Cap
$64.60B
Gross Margin
31.24%
TTM Avg
28.24%
3Y Avg
20.92%
5Y Avg
20.68%
Market Cap
$66.01B
Gross Margin
39.09%
TTM Avg
36.26%
3Y Avg
32.67%
5Y Avg
33.29%
Market Cap
$53.41B
Gross Margin
34.84%
TTM Avg
34.84%
3Y Avg
34.84%
5Y Avg
34.84%
Market Cap
$53.38B
Gross Margin
25.48%
TTM Avg
25.81%
3Y Avg
25.99%
5Y Avg
27.40%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| W.W. Grainger, Inc. (GWW) | $60.32B | 39.51% | 39.22% | 39.44% | 38.95% |
| Delta Air Lines, Inc. (DAL)vs › | $60.07B | 27.32% | 24.85% | 24.62% | 13.34% |
| Comfort Systems USA, Inc. (FIX)vs › | $59.64B | 25.67% | 22.57% | 20.52% | 19.92% |
| Fastenal Company (FAST)vs › | $59.49B | 44.70% | 45.05% | 45.45% | 45.58% |
| AMETEK, Inc. (AME)vs › | $58.14B | 36.58% | 36.03% | 35.77% | 35.26% |
| Bloom Energy Corporation (BE)vs › | $64.60B | 31.24% | 28.24% | 20.92% | 20.68% |
| Republic Services, Inc. (RSG)vs › | $66.01B | 39.09% | 36.26% | 32.67% | 33.29% |
| Honeywell Aerospace Inc (HONA)vs › | $53.41B | 34.84% | 34.84% | 34.84% | 34.84% |
| L3Harris Technologies, Inc. (LHX)vs › | $53.38B | 25.48% | 25.81% | 25.99% | 27.40% |
| Carrier Global Corporation (CARR)vs › | $52.77B | 24.34% | 26.23% | 26.14% | 27.14% |
Gross Margin
39.5%
(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 | 39.51% |
| 2026-03-31 | 39.98% |
| 2025-12-31 | 39.46% |
| 2025-09-30 | 38.61% |
| 2025-06-30 | 38.54% |
| 2025-03-31 | 39.71% |
| 2024-12-31 | 39.59% |
| 2024-09-30 | 39.20% |
| 2024-06-30 | 39.29% |
| 2024-03-31 | 39.39% |
| 2023-12-31 | 39.10% |
| 2023-09-30 | 39.33% |
| 2023-06-30 | 39.31% |
| 2023-03-31 | 39.94% |
| 2022-12-31 | 39.61% |
| 2022-09-30 | 38.53% |
| 2022-06-30 | 37.56% |
| 2022-03-31 | 37.92% |
| 2021-12-31 | 37.30% |
| 2021-09-30 | 37.07% |
| 2021-06-30 | 35.05% |
| 2021-03-31 | 35.44% |
| 2020-12-31 | 34.92% |
| 2020-09-30 | 35.59% |
| 2020-06-30 | 35.81% |
| 2020-03-31 | 37.35% |
| 2019-12-31 | 38.00% |
| 2019-09-30 | 37.29% |
| 2019-06-30 | 38.75% |
| 2019-03-31 | 39.12% |
| 2018-12-31 | 38.58% |
| 2018-09-30 | 38.12% |
| 2018-06-30 | 38.84% |
| 2018-03-31 | 39.46% |
| 2017-12-31 | 38.79% |
| 2017-09-30 | 38.59% |
| 2017-06-30 | 39.76% |
| 2017-03-31 | 40.11% |
| 2016-12-31 | 40.06% |
| 2016-09-30 | 40.05% |
| 2016-06-30 | 40.57% |
| 2016-03-31 | 41.69% |
| 2015-12-31 | 40.45% |
| 2015-09-30 | 41.92% |
| 2015-06-30 | 42.55% |
| 2015-03-31 | 44.83% |
| 2014-12-31 | 42.01% |
| 2014-09-30 | 43.04% |
| 2014-06-30 | 43.12% |
| 2014-03-31 | 45.10% |
| 2013-12-31 | 42.33% |
| 2013-09-30 | 43.83% |
| 2013-06-30 | 43.96% |
| 2013-03-31 | 45.24% |
| 2012-12-31 | 43.55% |
| 2012-09-30 | 43.57% |
| 2012-06-30 | 43.50% |
| 2012-03-31 | 44.42% |
| 2011-12-31 | 43.61% |
| 2011-09-30 | 43.18% |
| 2011-06-30 | 43.05% |
| 2011-03-31 | 44.04% |
| 2010-12-31 | 41.78% |
| 2010-09-30 | 41.58% |
| 2010-06-30 | 41.88% |
| 2010-03-31 | 42.20% |
| 2009-12-31 | 41.88% |
| 2009-09-30 | 41.51% |
| 2009-06-30 | 40.76% |
| 2009-03-31 | 42.96% |
| 2008-12-31 | 42.70% |
| 2008-09-30 | 40.36% |
| 2008-06-30 | 40.18% |
| 2008-03-31 | 40.93% |
| 2007-12-31 | 41.66% |
| 2007-09-30 | 39.77% |
| 2007-06-30 | 40.00% |
| 2007-03-31 | 40.87% |
| 2006-12-31 | 41.13% |
| 2006-09-30 | 39.43% |
| 2006-06-30 | 39.34% |
| 2006-03-31 | 40.19% |
| 2005-12-31 | 42.24% |
| 2005-09-30 | 38.38% |
| 2005-06-30 | 38.40% |
| 2005-03-31 | 37.37% |
| 2004-12-31 | 41.11% |
| 2004-09-30 | 36.84% |
| 2004-06-30 | 36.61% |
| 2004-03-31 | 36.44% |
| 2003-12-31 | 36.90% |
| 2003-09-30 | 34.49% |
| 2003-06-30 | 34.46% |
| 2003-03-31 | 34.57% |
| 2002-12-31 | 36.87% |
| 2002-09-30 | 33.45% |