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 41.50% is 35% below its 5-year average of 63.39%, around the middle of its 5-year range (14.98%–85.09%).
34.00% above its 12-month average of 30.97%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 15.16%.
GROSS MARGIN
41.50%
GROSS MARGIN AVG TTM
30.97%
GROSS MARGIN AVG 3Y
50.58%
GROSS MARGIN AVG 5Y
63.39%
GROSS MARGIN AVG 10Y
83.83%
GROSS MARGIN AVG 15Y
83.52%
GROSS MARGIN AVG 20Y
83.57%
CURRENT VS TTM AVG
+34.00%
CURRENT VS 3Y AVG
-17.95%
CURRENT VS 5Y AVG
-34.53%
CURRENT VS 10Y AVG
-50.49%
CURRENT VS 15Y AVG
-50.31%
CURRENT VS 20Y AVG
-50.34%
SECTOR MEDIAN · HEALTHCARE
58.99%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-29.66%
vs the sector median at left
HCA Healthcare, Inc.
Market Cap
$93.25B
Gross Margin
41.50%
TTM Avg
30.97%
3Y Avg
50.58%
5Y Avg
63.39%
Market Cap
$89.71B
Gross Margin
25.56%
TTM Avg
26.70%
3Y Avg
26.59%
5Y Avg
26.68%
Market Cap
$81.10B
Gross Margin
84.86%
TTM Avg
85.74%
3Y Avg
85.09%
5Y Avg
84.57%
Market Cap
$107.67B
Gross Margin
65.17%
TTM Avg
62.91%
3Y Avg
61.66%
5Y Avg
61.70%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HCA Healthcare, Inc. (HCA) | $93.25B | 41.50% | 30.97% | 50.58% | 63.39% |
| Elevance Health Inc. (ELV)vs › | $89.71B | 25.56% | 26.70% | 26.59% | 26.68% |
| GSK plc (GSK)vs › | $102.07B | 72.71% | 71.78% | 70.69% | 69.52% |
| McKesson Corporation (MCK)vs › | $103.02B | 3.64% | 3.54% | 3.83% | 4.16% |
| Sanofi (SNY)vs › | $103.70B | 73.01% | 71.13% | 70.66% | 69.80% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $81.10B | 84.86% | 85.74% | 85.09% | 84.57% |
| Stryker Corporation (SYK)vs › | $107.67B | 65.17% | 62.91% | 61.66% | 61.70% |
| Cigna Corporation (CI)vs › | $72.94B | 11.66% | 9.98% | 11.47% | 12.36% |
| CVS Health Corp. (CVS)vs › | $115.07B | 14.15% | 13.78% | 14.92% | 15.96% |
| Medtronic plc (MDT)vs › | $119.26B | 66.69% | 65.17% | 65.34% | 65.75% |
Gross Margin
41.5%
(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 | 15.16% |
| 2026-03-31 | 14.98% |
| 2025-12-31 | 41.90% |
| 2025-09-30 | 41.83% |
| 2025-06-30 | 40.97% |
| 2025-03-31 | 41.26% |
| 2024-12-31 | 41.43% |
| 2024-09-30 | 39.85% |
| 2024-06-30 | 41.01% |
| 2024-03-31 | 84.60% |
| 2023-12-31 | 85.07% |
| 2023-09-30 | 85.09% |
| 2023-06-30 | 84.38% |
| 2023-03-31 | 84.46% |
| 2022-12-31 | 84.33% |
| 2022-09-30 | 84.50% |
| 2022-06-30 | 84.47% |
| 2022-03-31 | 84.47% |
| 2021-12-31 | 83.98% |
| 2021-09-30 | 83.88% |
| 2021-06-30 | 83.51% |
| 2021-03-31 | 84.09% |
| 2020-12-31 | 83.42% |
| 2020-09-30 | 84.01% |
| 2020-06-30 | 84.21% |
| 2020-03-31 | 83.49% |
| 2019-12-31 | 83.49% |
| 2019-09-30 | 83.54% |
| 2019-06-30 | 83.19% |
| 2019-03-31 | 83.69% |
| 2018-12-31 | 83.69% |
| 2018-09-30 | 83.49% |
| 2018-06-30 | 83.37% |
| 2018-03-31 | 83.24% |
| 2017-12-31 | 83.16% |
| 2017-09-30 | 83.39% |
| 2017-06-30 | 83.28% |
| 2017-03-31 | 83.08% |
| 2016-12-31 | 83.07% |
| 2016-09-30 | 83.46% |
| 2016-06-30 | 83.35% |
| 2016-03-31 | 83.29% |
| 2015-12-31 | 83.55% |
| 2015-09-30 | 83.32% |
| 2015-06-30 | 83.13% |
| 2015-03-31 | 83.07% |
| 2014-12-31 | 82.78% |
| 2014-09-30 | 83.31% |
| 2014-06-30 | 83.40% |
| 2014-03-31 | 82.65% |
| 2013-12-31 | 82.30% |
| 2013-09-30 | 82.77% |
| 2013-06-30 | 82.60% |
| 2013-03-31 | 82.48% |
| 2012-12-31 | 82.20% |
| 2012-09-30 | 82.94% |
| 2012-05-30 | 82.47% |
| 2012-03-31 | 75.94% |
| 2011-12-31 | 83.86% |
| 2011-09-30 | 74.47% |
| 2011-06-30 | 73.84% |
| 2011-03-31 | 84.17% |
| 2010-12-31 | 83.51% |
| 2010-09-30 | 83.86% |
| 2010-06-30 | 83.87% |
| 2010-03-31 | 84.09% |
| 2009-12-31 | 83.68% |
| 2009-09-30 | 83.99% |
| 2009-06-30 | 83.82% |
| 2009-03-31 | 83.72% |
| 2008-12-31 | 84.07% |
| 2008-09-30 | 83.70% |
| 2008-06-30 | 42.84% |
| 2008-03-31 | 43.71% |
| 2007-12-31 | 83.86% |
| 2007-09-30 | 83.48% |
| 2007-06-30 | 44.27% |
| 2007-03-31 | 83.48% |
| 2006-12-31 | 83.50% |
| 2006-09-30 | 83.16% |
| 2006-06-30 | 82.85% |
| 2006-03-31 | 82.63% |
| 2005-12-31 | 83.43% |
| 2005-09-30 | 83.25% |
| 2005-06-30 | 82.83% |
| 2005-03-31 | 83.00% |
| 2004-12-31 | 0.00% |
| 2004-09-30 | 83.32% |
| 2004-06-30 | 83.42% |
| 2004-03-31 | 83.49% |
| 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 | 0.00% |
