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 40.40% is in line with its 5-year average of 42.07%, around the middle of its 5-year range (38.60%–43.42%).
0.44% above its 12-month average of 40.22%.
Reported quarterly gross margin; no daily interpolation. Q3 FY2026 (2026-07-31): 41.12%.
GROSS MARGIN
40.40%
GROSS MARGIN AVG TTM
40.22%
GROSS MARGIN AVG 3Y
41.52%
GROSS MARGIN AVG 5Y
42.07%
GROSS MARGIN AVG 10Y
41.90%
GROSS MARGIN AVG 15Y
39.92%
GROSS MARGIN AVG 20Y
38.80%
CURRENT VS TTM AVG
+0.44%
CURRENT VS 3Y AVG
-2.69%
CURRENT VS 5Y AVG
-3.98%
CURRENT VS 10Y AVG
-3.58%
CURRENT VS 15Y AVG
+1.20%
CURRENT VS 20Y AVG
+4.11%
SECTOR MEDIAN · INDUSTRIALS
30.92%
median of 164 covered companies
CURRENT VS SECTOR MEDIAN
+30.64%
vs the sector median at left
HEICO Corporation
Market Cap
$43.30B
Gross Margin
40.40%
TTM Avg
40.22%
3Y Avg
41.52%
5Y Avg
42.07%
Market Cap
$42.79B
Gross Margin
37.26%
TTM Avg
30.53%
3Y Avg
22.77%
5Y Avg
9.07%
Market Cap
$42.61B
Gross Margin
75.80%
TTM Avg
75.56%
3Y Avg
76.06%
5Y Avg
76.66%
Market Cap
$44.06B
Gross Margin
25.48%
TTM Avg
25.81%
3Y Avg
25.99%
5Y Avg
27.40%
Market Cap
$42.14B
Gross Margin
40.40%
TTM Avg
40.82%
3Y Avg
41.56%
5Y Avg
41.79%
Market Cap
$45.44B
Gross Margin
24.34%
TTM Avg
26.23%
3Y Avg
26.14%
5Y Avg
27.14%
Market Cap
$38.77B
Gross Margin
39.22%
TTM Avg
40.38%
3Y Avg
40.37%
5Y Avg
40.32%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HEICO Corporation (HEI-A) | $43.30B | 40.40% | 40.22% | 41.52% | 42.07% |
| Ferguson plc (FERG)vs › | $43.31B | N/A | 30.83% | 30.64% | 30.64% |
| Rocket Lab USA, Inc. (RKLB)vs › | $42.79B | 37.26% | 30.53% | 22.77% | 9.07% |
| Thomson Reuters Corporation (TRI)vs › | $42.61B | 75.80% | 75.56% | 76.06% | 76.66% |
| L3Harris Technologies, Inc. (LHX)vs › | $44.06B | 25.48% | 25.81% | 25.99% | 27.40% |
| HEICO Corporation (HEI)vs › | $42.14B | 40.40% | 40.82% | 41.56% | 41.79% |
| Carrier Global Corporation (CARR)vs › | $45.44B | 24.34% | 26.23% | 26.14% | 27.14% |
| Ferrovial SE (FER)vs › | $38.91B | 24.87% | 24.91% | 24.12% | 22.54% |
| Waste Connections, Inc. (WCN)vs › | $38.77B | 39.22% | 40.38% | 40.37% | 40.32% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $48.57B | 34.33% | 31.95% | 31.17% | 30.54% |
Gross Margin
40.4%
(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 |
|---|---|
| 2026-07-31 | 41.12% |
| 2026-04-30 | 41.40% |
| 2026-01-31 | 38.60% |
| 2025-10-31 | 40.17% |
| 2025-07-31 | 39.84% |
| 2025-04-30 | 42.50% |
| 2025-01-31 | 42.06% |
| 2024-10-31 | 41.67% |
| 2024-07-31 | 42.23% |
| 2024-04-30 | 41.84% |
| 2024-01-31 | 41.49% |
| 2023-10-31 | 41.83% |
| 2023-07-31 | 42.07% |
| 2023-04-30 | 42.07% |
| 2023-01-31 | 42.52% |
| 2022-10-31 | 42.75% |
| 2022-07-31 | 42.07% |
| 2022-04-30 | 42.68% |
| 2022-01-31 | 42.54% |
| 2021-10-31 | 43.42% |
| 2021-07-31 | 42.97% |
| 2021-04-30 | 42.39% |
| 2021-01-31 | 41.78% |
| 2020-10-31 | 41.84% |
| 2020-07-31 | 41.04% |
| 2020-04-30 | 41.79% |
| 2020-01-31 | 42.50% |
| 2019-10-31 | 41.98% |
| 2019-07-31 | 43.11% |
| 2019-04-30 | 43.87% |
| 2019-01-31 | 42.36% |
| 2018-10-31 | 42.62% |
| 2018-07-31 | 42.00% |
| 2018-04-30 | 42.22% |
| 2018-01-31 | 41.42% |
| 2017-10-31 | 40.98% |
| 2017-07-31 | 40.95% |
| 2017-04-30 | 41.12% |
| 2017-01-31 | 39.79% |
| 2016-10-31 | 37.35% |
| 2016-07-31 | 41.07% |
| 2016-04-30 | 38.22% |
| 2016-01-31 | 36.64% |
| 2015-10-31 | 38.58% |
| 2015-07-31 | 35.99% |
| 2015-04-30 | 36.20% |
| 2015-01-31 | 34.97% |
| 2014-10-31 | 35.23% |
| 2014-07-31 | 35.50% |
| 2014-04-30 | 35.40% |
| 2014-01-31 | 34.52% |
| 2013-10-31 | 37.09% |
| 2013-07-31 | 36.51% |
| 2013-04-30 | 37.63% |
| 2013-01-31 | 35.84% |
| 2012-10-31 | 37.02% |
| 2012-07-31 | 37.28% |
| 2012-04-30 | 34.76% |
| 2012-01-31 | 36.80% |
| 2011-10-31 | 35.57% |
| 2011-07-31 | 35.40% |
| 2011-04-30 | 35.98% |
| 2011-01-31 | 36.69% |
| 2010-10-31 | 36.04% |
| 2010-07-31 | 36.36% |
| 2010-04-30 | 34.86% |
| 2010-01-31 | 36.98% |
| 2009-10-31 | 33.97% |
| 2009-07-31 | 34.17% |
| 2009-04-30 | 32.66% |
| 2009-01-31 | 33.66% |
| 2008-10-31 | 36.66% |
| 2008-07-31 | 36.56% |
| 2008-04-30 | 36.35% |
| 2008-01-31 | 34.87% |
| 2007-10-31 | 34.75% |
| 2007-07-31 | 35.83% |
| 2007-04-30 | 36.02% |
| 2007-01-31 | 32.98% |
| 2006-10-31 | 35.82% |
| 2006-07-31 | 36.79% |
| 2006-04-30 | 36.42% |
| 2006-01-31 | 36.38% |
| 2005-10-31 | 38.77% |
| 2005-07-31 | 37.59% |
| 2005-04-30 | 37.40% |
| 2005-01-31 | 35.59% |
| 2004-10-31 | 35.99% |
| 2004-07-31 | 35.14% |
| 2004-04-30 | 35.45% |
| 2004-01-31 | 33.66% |
| 2003-10-31 | 32.08% |
| 2003-07-31 | 33.33% |
| 2003-04-30 | 33.42% |
| 2003-01-31 | 32.97% |
| 2002-10-31 | 35.94% |