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 36.92% is 40% above its 5-year average of 26.37%, near the high end of its 5-year range (22.43%–36.92%).
As of the fiscal period ended Tuesday, March 31, 2026. 15.52% above its 12-month average of 31.96%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
36.92%
GROSS MARGIN AVG TTM
31.96%
GROSS MARGIN AVG 3Y
28.23%
GROSS MARGIN AVG 5Y
25.85%
GROSS MARGIN AVG 10Y
22.12%
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+15.52%
CURRENT VS 3Y AVG
+30.78%
CURRENT VS 5Y AVG
+42.85%
CURRENT VS 10Y AVG
+66.92%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
32.83%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+12.46%
vs the sector median at left
Howmet Aerospace Inc.
Market Cap
$115.31B
Gross Margin
36.92%
TTM Avg
31.96%
3Y Avg
28.23%
5Y Avg
25.85%
Market Cap
$125.16B
Gross Margin
37.23%
TTM Avg
36.38%
3Y Avg
33.57%
5Y Avg
31.16%
Market Cap
$104.37B
Gross Margin
15.38%
TTM Avg
15.28%
3Y Avg
15.79%
5Y Avg
16.08%
Market Cap
$104.19B
Gross Margin
14.42%
TTM Avg
13.12%
3Y Avg
12.92%
5Y Avg
13.26%
Market Cap
$103.92B
Gross Margin
37.52%
TTM Avg
34.36%
3Y Avg
31.41%
5Y Avg
30.67%
Market Cap
$103.90B
Gross Margin
35.39%
TTM Avg
35.92%
3Y Avg
34.01%
5Y Avg
33.03%
Market Cap
$135.97B
Gross Margin
11.80%
TTM Avg
9.95%
3Y Avg
11.25%
5Y Avg
11.96%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Howmet Aerospace Inc. (HWM) | $115.31B | 36.92% | 31.96% | 28.23% | 25.85% |
| Parker-Hannifin Corporation (PH)vs › | $125.16B | 37.23% | 36.38% | 33.57% | 31.16% |
| General Dynamics Corporation (GD)vs › | $104.37B | 15.38% | 15.28% | 15.79% | 16.08% |
| Quanta Services, Inc. (PWR)vs › | $104.19B | 14.42% | 13.12% | 12.92% | 13.26% |
| Vertiv Holdings Co (VRT)vs › | $103.92B | 37.52% | 34.36% | 31.41% | 30.67% |
| Trane Technologies plc (TT)vs › | $103.90B | 35.39% | 35.92% | 34.01% | 33.03% |
| Lockheed Martin Corporation (LMT)vs › | $135.97B | 11.80% | 9.95% | 11.25% | 11.96% |
| CSX Corporation (CSX)vs › | $94.53B | 33.25% | 35.56% | 36.96% | 38.67% |
| 3M Company (MMM)vs › | $93.58B | 39.40% | 40.28% | 40.80% | 43.11% |
| United Parcel Service, Inc. (UPS)vs › | $92.68B | 16.63% | 18.42% | 19.11% | 20.03% |
Gross Margin
36.9%
(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 |
|---|---|
| 2026-03-31 | 36.92% |
| 2025-12-31 | 31.50% |
| 2025-09-30 | 31.21% |
| 2025-06-30 | 30.15% |
| 2025-03-31 | 30.02% |
| 2024-12-31 | 28.61% |
| 2024-09-30 | 28.01% |
| 2024-06-30 | 27.87% |
| 2024-03-31 | 25.60% |
| 2023-12-31 | 26.05% |
| 2023-09-30 | 24.37% |
| 2023-06-30 | 23.36% |
| 2023-03-31 | 23.33% |
| 2022-12-31 | 23.99% |
| 2022-09-30 | 23.52% |
| 2022-06-30 | 24.48% |
| 2022-03-31 | 23.64% |
| 2021-12-31 | 23.42% |
| 2021-09-30 | 22.45% |
| 2021-06-30 | 22.43% |
| 2021-03-31 | 22.91% |
| 2020-12-31 | 26.09% |
| 2020-09-30 | 15.26% |
| 2020-06-30 | 20.83% |
| 2020-03-31 | 23.26% |
| 2019-12-31 | 14.64% |
| 2019-09-30 | 22.69% |
| 2019-06-30 | 22.28% |
| 2019-03-31 | 16.55% |
| 2018-12-31 | 13.77% |
| 2018-09-30 | 13.48% |
| 2018-06-30 | 13.94% |
| 2018-03-31 | 14.72% |
| 2017-12-31 | 15.50% |
| 2017-09-30 | 14.40% |
| 2017-06-30 | 16.44% |
| 2017-03-31 | 17.76% |
| 2016-12-31 | 15.33% |
| 2016-09-30 | 13.03% |
| 2016-06-30 | 21.68% |
| 2016-03-31 | 21.44% |
| 2015-12-31 | 18.52% |
| 2015-09-30 | 18.19% |
| 2015-06-30 | 20.93% |
| 2015-03-31 | 23.65% |
| 2014-12-31 | 19.95% |
| 2014-09-30 | -127.02% |
| 2014-06-30 | -58.67% |
| 2014-03-31 | 17.58% |
