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 42.52% is in line with its 5-year average of 42.80%, around the middle of its 5-year range (39.01%–45.86%).
0.06% above its 12-month average of 42.49%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-07-03): 45.49%.
GROSS MARGIN
42.52%
GROSS MARGIN AVG TTM
42.49%
GROSS MARGIN AVG 3Y
43.57%
GROSS MARGIN AVG 5Y
42.80%
GROSS MARGIN AVG 10Y
42.17%
GROSS MARGIN AVG 15Y
42.12%
GROSS MARGIN AVG 20Y
41.76%
CURRENT VS TTM AVG
+0.06%
CURRENT VS 3Y AVG
-2.41%
CURRENT VS 5Y AVG
-0.65%
CURRENT VS 10Y AVG
+0.82%
CURRENT VS 15Y AVG
+0.94%
CURRENT VS 20Y AVG
+1.82%
SECTOR MEDIAN · TECHNOLOGY
48.19%
median of 510 covered companies
CURRENT VS SECTOR MEDIAN
-11.76%
vs the sector median at left
Market Cap
$5.46B
Gross Margin
38.51%
TTM Avg
37.98%
3Y Avg
37.43%
5Y Avg
37.18%
Market Cap
$5.44B
Gross Margin
11.88%
TTM Avg
17.80%
3Y Avg
15.37%
5Y Avg
20.15%
Market Cap
$5.52B
Gross Margin
73.74%
TTM Avg
73.00%
3Y Avg
67.45%
5Y Avg
65.20%
Market Cap
$5.37B
Gross Margin
65.59%
TTM Avg
32.80%
3Y Avg
16.40%
5Y Avg
16.40%
Market Cap
$5.63B
Gross Margin
77.07%
TTM Avg
81.06%
3Y Avg
83.25%
5Y Avg
83.77%
Market Cap
$5.70B
Gross Margin
28.33%
TTM Avg
28.62%
3Y Avg
29.92%
5Y Avg
31.41%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Novanta Inc. (NOVT) | $5.46B | 42.52% | 42.49% | 43.57% | 42.80% |
| ExlService Holdings, Inc. (EXLS)vs › | $5.46B | 38.51% | 37.98% | 37.43% | 37.18% |
| Core Scientific, Inc. (CORZ)vs › | $5.44B | 11.88% | 17.80% | 15.37% | 20.15% |
| Open Text Corporation (OTEX)vs › | $5.52B | 73.74% | 73.00% | 67.45% | 65.20% |
| Octave Intelligence plc (OCTV)vs › | $5.37B | 65.59% | 32.80% | 16.40% | 16.40% |
| Varonis Systems, Inc. (VRNS)vs › | $5.63B | 77.07% | 81.06% | 83.25% | 83.77% |
| Genpact Limited (G)vs › | $5.67B | 36.58% | 35.51% | 35.31% | 35.28% |
| Maase Inc. (MAAS)vs › | $5.67B | 39.63% | 60.95% | 67.42% | 71.64% |
| EPAM Systems, Inc. (EPAM)vs › | $5.70B | 28.33% | 28.62% | 29.92% | 31.41% |
| ACI Worldwide, Inc. (ACIW)vs › | $5.22B | 49.08% | 49.67% | 50.22% | 51.03% |
Gross Margin
42.5%
(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 |
|---|---|
| 2026-07-03 | 45.49% |
| 2026-04-03 | 41.83% |
| 2025-12-31 | 40.70% |
| 2025-09-26 | 41.96% |
| 2025-06-27 | 41.43% |
| 2025-03-28 | 42.34% |
| 2024-12-31 | 45.46% |
| 2024-09-27 | 44.69% |
| 2024-06-28 | 43.96% |
| 2024-03-29 | 43.49% |
| 2023-12-31 | 45.64% |
| 2023-09-29 | 45.86% |
| 2023-06-30 | 45.38% |
| 2023-03-31 | 44.55% |
| 2022-12-31 | 40.84% |
| 2022-09-30 | 41.23% |
| 2022-07-01 | 40.90% |
| 2022-04-01 | 40.61% |
| 2021-12-31 | 39.01% |
| 2021-10-01 | 40.60% |
| 2021-07-02 | 41.08% |
| 2021-04-02 | 40.08% |
| 2020-12-31 | 39.79% |
| 2020-10-02 | 38.88% |
| 2020-07-03 | 38.20% |
| 2020-04-03 | 39.24% |
| 2019-12-31 | 42.10% |
| 2019-09-27 | 41.58% |
| 2019-06-28 | 42.40% |
| 2019-03-29 | 42.17% |
| 2018-12-31 | 41.30% |
| 2018-09-28 | 43.31% |
| 2018-06-29 | 43.37% |
| 2018-03-30 | 42.30% |
| 2017-12-31 | 42.36% |
| 2017-09-29 | 40.13% |
| 2017-06-30 | 44.91% |
| 2017-03-31 | 42.30% |
| 2016-12-31 | 43.34% |
| 2016-09-30 | 42.13% |
| 2016-07-01 | 42.46% |
| 2016-04-01 | 40.85% |
| 2015-12-31 | 40.60% |
| 2015-10-02 | 43.25% |
| 2015-07-03 | 42.85% |
| 2015-04-03 | 42.28% |
| 2014-12-31 | 42.26% |
| 2014-09-26 | 41.92% |
| 2014-06-27 | 39.89% |
| 2014-03-28 | 40.57% |
| 2013-12-31 | 41.04% |
| 2013-09-27 | 42.78% |
| 2013-06-28 | 41.67% |
| 2013-03-29 | 33.46% |
| 2012-12-31 | 25.86% |
| 2012-09-28 | 41.50% |
| 2012-06-29 | 43.57% |
| 2012-03-30 | 41.59% |
| 2011-12-31 | 43.34% |
| 2011-09-30 | 43.87% |
| 2011-07-01 | 44.38% |
| 2011-04-01 | 43.43% |
| 2010-12-31 | 41.87% |
| 2010-10-01 | 44.73% |
| 2010-07-02 | 44.39% |
| 2010-04-02 | 42.78% |
| 2009-12-31 | 38.07% |
| 2009-10-02 | 40.49% |
| 2009-07-03 | 38.87% |
| 2009-04-03 | 36.93% |
| 2008-12-31 | 40.50% |
| 2008-09-26 | 32.03% |
| 2008-06-27 | 38.46% |
| 2008-03-28 | 38.12% |
| 2007-12-31 | 37.95% |
| 2007-09-28 | 38.80% |
| 2007-06-29 | 40.70% |
| 2007-03-30 | 39.67% |
| 2006-12-31 | 41.09% |
| 2006-09-29 | 41.13% |
| 2006-06-30 | 42.40% |
| 2006-03-31 | 41.58% |
| 2005-12-31 | 42.94% |
| 2005-09-30 | 39.44% |
| 2005-07-01 | 41.41% |
| 2005-04-01 | 35.39% |
| 2004-12-31 | 38.88% |
| 2004-10-01 | 40.91% |
| 2004-07-02 | 42.01% |
| 2004-04-02 | 39.73% |
| 2003-12-31 | 39.09% |
| 2003-09-26 | 37.08% |
| 2003-06-27 | 35.00% |
| 2003-03-28 | 35.85% |
| 2002-12-31 | 29.73% |
| 2002-09-27 | 30.23% |
