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 177.33% is 883% above its 5-year average of 18.05%, near the high end of its 5-year range (9.88%–177.33%).
As of the fiscal period ended Tuesday, June 30, 2026. 264.74% above its 12-month average of 48.62%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
177.33%
GROSS MARGIN AVG TTM
48.62%
GROSS MARGIN AVG 3Y
16.28%
GROSS MARGIN AVG 5Y
18.05%
GROSS MARGIN AVG 10Y
22.49%
GROSS MARGIN AVG 15Y
23.47%
GROSS MARGIN AVG 20Y
31.74%
CURRENT VS TTM AVG
+264.74%
CURRENT VS 3Y AVG
+989.08%
CURRENT VS 5Y AVG
+882.67%
CURRENT VS 10Y AVG
+688.34%
CURRENT VS 15Y AVG
+655.57%
CURRENT VS 20Y AVG
+458.62%
SECTOR MEDIAN · INDUSTRIALS
32.83%
median of 132 covered companies
CURRENT VS SECTOR MEDIAN
+440.14%
vs the sector median at left
Southwest Airlines Co.
Market Cap
$21.97B
Gross Margin
177.33%
TTM Avg
48.62%
3Y Avg
16.28%
5Y Avg
18.05%
Market Cap
$21.27B
Gross Margin
51.21%
TTM Avg
51.73%
3Y Avg
51.66%
5Y Avg
51.46%
Market Cap
$23.41B
Gross Margin
15.31%
TTM Avg
14.02%
3Y Avg
13.54%
5Y Avg
13.23%
Market Cap
$23.47B
Gross Margin
12.77%
TTM Avg
11.67%
3Y Avg
10.68%
5Y Avg
10.86%
Market Cap
$23.67B
Gross Margin
60.18%
TTM Avg
59.87%
3Y Avg
58.59%
5Y Avg
58.30%
Market Cap
$24.99B
Gross Margin
16.26%
TTM Avg
15.19%
3Y Avg
16.07%
5Y Avg
15.79%
Market Cap
$25.65B
Gross Margin
37.17%
TTM Avg
37.08%
3Y Avg
37.25%
5Y Avg
36.88%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Southwest Airlines Co. (LUV) | $21.97B | 177.33% | 48.62% | 16.28% | 18.05% |
| MasTec, Inc. (MTZ)vs › | $21.54B | 11.47% | 11.39% | 10.38% | 12.09% |
| Equifax Inc. (EFX)vs › | $21.27B | 44.38% | 50.14% | 53.35% | 55.18% |
| Snap-on Incorporated (SNA)vs › | $21.27B | 51.21% | 51.73% | 51.66% | 51.46% |
| Expeditors International of Washington, Inc. (EXPD)vs › | $23.41B | 15.31% | 14.02% | 13.54% | 13.23% |
| XPO Logistics, Inc. (XPO)vs › | $23.47B | 12.77% | 11.67% | 10.68% | 10.86% |
| Veralto Corporation (VLTO)vs › | $23.67B | 60.18% | 59.87% | 58.59% | 58.30% |
| J.B. Hunt Transport Services, Inc. (JBHT)vs › | $24.99B | 16.26% | 15.19% | 16.07% | 15.79% |
| Curtiss-Wright Corporation (CW)vs › | $25.65B | 37.17% | 37.08% | 37.25% | 36.88% |
| Symbotic Inc. (SYM)vs › | $25.74B | 21.60% | 17.21% | 17.25% | 8.77% |
Gross Margin
177.3%
(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 | 177.33% |
| 2026-03-31 | 10.04% |
| 2025-12-31 | 20.30% |
| 2025-09-30 | 16.66% |
| 2025-06-30 | 18.75% |
| 2025-03-31 | 13.49% |
| 2024-12-31 | 17.72% |
| 2024-09-30 | 16.26% |
| 2024-06-30 | 20.27% |
| 2024-03-31 | 9.88% |
| 2023-12-31 | 10.66% |
| 2023-09-30 | 16.48% |
| 2023-06-30 | 24.88% |
| 2023-03-31 | 11.71% |
| 2022-12-31 | 16.32% |
| 2022-09-30 | 19.52% |
| 2022-06-30 | 28.97% |
| 2022-03-31 | 12.36% |
| 2021-12-31 | 17.40% |
| 2021-09-30 | 29.81% |
| 2021-06-30 | 29.44% |
| 2021-03-31 | 32.26% |
| 2020-12-31 | -32.14% |
| 2020-09-30 | -51.48% |
| 2020-06-30 | -89.98% |
| 2020-03-31 | 13.89% |
| 2019-12-31 | 24.98% |
| 2019-09-30 | 28.04% |
| 2019-06-30 | 29.38% |
| 2019-03-31 | 23.99% |
| 2018-12-31 | 27.63% |
| 2018-09-30 | 27.57% |
| 2018-06-30 | 29.66% |
| 2018-03-31 | 25.10% |
| 2017-12-31 | 27.30% |
| 2017-09-30 | 30.09% |
| 2017-06-30 | 33.81% |
| 2017-03-31 | 26.50% |
| 2016-12-31 | 29.65% |
| 2016-09-30 | 26.33% |
| 2016-06-30 | 35.20% |
| 2016-03-31 | 31.54% |
| 2015-12-31 | 33.01% |
| 2015-09-30 | 33.90% |
| 2015-06-30 | 32.30% |
| 2015-03-31 | 29.45% |
| 2014-12-31 | 26.90% |
| 2014-09-30 | 25.10% |
| 2014-06-30 | 26.86% |
| 2014-03-31 | 18.22% |
| 2013-12-31 | 22.04% |
| 2013-09-30 | 20.90% |
| 2013-06-30 | 21.06% |
| 2013-03-31 | 14.30% |
| 2012-12-31 | -84.64% |
| 2012-09-30 | 16.36% |
| 2012-06-30 | 21.10% |
| 2012-03-31 | 13.15% |
| 2011-12-31 | 49.37% |
| 2011-09-30 | 48.85% |
| 2011-06-30 | 49.25% |
| 2011-03-31 | 52.18% |
| 2010-12-31 | 8.09% |
| 2010-09-30 | 56.92% |
| 2010-06-30 | 56.50% |
| 2010-03-31 | 53.46% |
| 2009-12-31 | 73.12% |
| 2009-09-30 | 71.08% |
| 2009-06-30 | 73.62% |
| 2009-03-31 | 71.53% |
| 2008-12-31 | 61.19% |
| 2008-09-30 | 64.16% |
| 2008-06-30 | 67.27% |
| 2008-03-31 | 70.99% |
| 2007-12-31 | 35.83% |
| 2007-09-30 | 75.39% |
| 2007-06-30 | 77.51% |
| 2007-03-31 | 36.90% |
| 2006-12-31 | 40.73% |
| 2006-09-30 | 42.53% |
| 2006-06-30 | 46.96% |
| 2006-03-31 | 38.53% |
| 2005-12-31 | 42.05% |
| 2005-09-30 | 46.91% |
| 2005-06-30 | 46.50% |
| 2005-03-31 | 42.21% |
| 2004-12-31 | 42.60% |
| 2004-09-30 | 45.52% |
| 2004-06-30 | 45.63% |
| 2004-03-31 | 39.76% |
| 2003-12-31 | 42.65% |
| 2003-09-30 | 45.46% |
| 2003-06-30 | 46.07% |
| 2003-03-31 | 39.38% |
| 2002-12-31 | 41.40% |
| 2002-09-30 | 41.12% |
