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 76.85% is 24% above its 5-year average of 61.80%, near the high end of its 5-year range (48.15%–84.92%).
2.11% above its 12-month average of 75.26%.
Reported quarterly gross margin; no daily interpolation. Q3 FY2026 (2026-06-30): 69.57%.
GROSS MARGIN
76.85%
GROSS MARGIN AVG TTM
75.26%
GROSS MARGIN AVG 3Y
62.54%
GROSS MARGIN AVG 5Y
61.80%
GROSS MARGIN AVG 10Y
60.85%
GROSS MARGIN AVG 15Y
64.46%
GROSS MARGIN AVG 20Y
73.24%
CURRENT VS TTM AVG
+2.11%
CURRENT VS 3Y AVG
+22.89%
CURRENT VS 5Y AVG
+24.34%
CURRENT VS 10Y AVG
+26.30%
CURRENT VS 15Y AVG
+19.21%
CURRENT VS 20Y AVG
+4.93%
SECTOR MEDIAN · FINANCIAL SERVICES
0.00%
median of 324 covered companies
CURRENT VS SECTOR MEDIAN
N/A
vs the sector median at left
Hennessy Advisors, Inc.
Market Cap
$83.61M
Gross Margin
76.85%
TTM Avg
75.26%
3Y Avg
62.54%
5Y Avg
61.80%
Market Cap
$85.65M
Gross Margin
79.09%
TTM Avg
35.44%
3Y Avg
-20.15%
5Y Avg
11.97%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Hennessy Advisors, Inc. (HNNA) | $83.61M | 76.85% | 75.26% | 62.54% | 61.80% |
| ZeroStack Corp. (ZSTK)vs › | $83.08M | -9.78% | 3.75% | 17.62% | 27.41% |
| JATT II Acquisition Corp. (JATT)vs › | $84.34M | N/A | N/A | N/A | N/A |
| SVRN, Inc. (SVRN)vs › | $82.01M | -9.93% | -0.47% | 18.23% | 23.61% |
| Pelican Acquisition Ii Corp. (PLCI)vs › | $85.39M | N/A | N/A | N/A | N/A |
| BCP Investment Corporation (BCIC)vs › | $85.65M | 79.09% | 35.44% | -20.15% | 11.97% |
| PhenixFIN Corporation (PFX)vs › | $86.17M | 57.29% | 69.25% | 64.34% | 74.82% |
Gross Margin
76.8%
(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 | 69.57% |
| 2026-03-31 | 82.68% |
| 2025-12-31 | 70.25% |
| 2025-09-30 | 84.92% |
| 2025-06-30 | 68.90% |
| 2025-03-31 | 71.17% |
| 2024-12-31 | 57.11% |
| 2024-09-30 | 53.95% |
| 2024-06-30 | 53.97% |
| 2024-03-31 | 49.57% |
| 2023-12-31 | 52.38% |
| 2023-09-30 | 50.35% |
| 2023-06-30 | 48.15% |
| 2023-03-31 | 49.43% |
| 2022-12-31 | 69.76% |
| 2022-09-30 | 69.72% |
| 2022-06-30 | 52.25% |
| 2022-03-31 | 72.74% |
| 2021-12-31 | 49.68% |
| 2021-09-30 | 71.89% |
| 2021-06-30 | 49.44% |
| 2021-03-31 | 71.62% |
| 2020-12-31 | 48.52% |
| 2020-09-30 | 71.56% |
| 2020-06-30 | 49.60% |
| 2020-03-31 | 48.90% |
| 2019-12-31 | 75.47% |
| 2019-09-30 | 50.75% |
| 2019-06-30 | 51.28% |
| 2019-03-31 | 51.14% |
| 2018-12-31 | 53.05% |
| 2018-09-30 | 55.14% |
| 2018-06-30 | 55.62% |
| 2018-03-31 | 55.32% |
| 2017-12-31 | 57.88% |
| 2017-09-30 | 57.18% |
| 2017-06-30 | 58.38% |
| 2017-03-31 | 75.26% |
| 2016-12-31 | 75.82% |
| 2016-09-30 | 76.51% |
| 2016-06-30 | 57.88% |
| 2016-03-31 | 56.97% |
| 2015-12-31 | 77.46% |
| 2015-09-30 | 78.02% |
| 2015-06-30 | 78.04% |
| 2015-03-31 | 54.47% |
| 2014-12-31 | 78.74% |
| 2014-09-30 | 79.47% |
| 2014-06-30 | 55.32% |
| 2014-03-31 | 53.50% |
| 2013-12-31 | 77.65% |
| 2013-09-30 | 76.71% |
| 2013-06-30 | 73.30% |
| 2013-03-31 | 47.02% |
| 2012-12-31 | 49.16% |
| 2012-09-30 | 100.00% |
| 2012-06-30 | 100.00% |
| 2012-03-31 | 49.28% |
| 2011-12-31 | 52.48% |
| 2011-09-30 | 100.00% |
| 2011-06-30 | 100.00% |
| 2011-03-31 | 100.00% |
| 2010-12-31 | 100.00% |
| 2010-09-30 | 100.00% |
| 2010-06-30 | 100.00% |
| 2010-03-31 | 100.00% |
| 2009-12-31 | 100.00% |
| 2009-09-30 | 100.00% |
| 2009-06-30 | 100.00% |
| 2009-03-31 | 100.00% |
| 2008-12-31 | 100.00% |
| 2008-09-30 | 100.00% |
| 2008-06-30 | 100.00% |
| 2008-03-31 | 100.00% |
| 2007-12-31 | 100.00% |
| 2007-09-30 | 100.00% |
| 2007-06-30 | 100.00% |
| 2007-03-31 | 100.00% |
| 2006-12-31 | 100.00% |
| 2006-09-30 | 100.00% |
| 2006-06-30 | 100.00% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 100.00% |
| 2005-09-30 | 100.00% |
| 2005-06-30 | 100.00% |
| 2005-03-31 | 100.00% |
| 2004-12-31 | 100.00% |
| 2004-09-30 | 100.00% |
| 2004-06-30 | 100.00% |
| 2004-03-31 | 100.00% |
| 2003-12-31 | 100.00% |
| 2003-09-30 | 100.00% |
| 2003-06-30 | 100.00% |
| 2003-03-31 | 100.00% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
