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 66.84% is 84% above its 5-year average of 36.36%, near the high end of its 5-year range (10.39%–70.51%).
As of the fiscal period ended Tuesday, June 30, 2026. 34.18% above its 12-month average of 49.81%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
66.84%
GROSS MARGIN AVG TTM
49.81%
GROSS MARGIN AVG 3Y
30.61%
GROSS MARGIN AVG 5Y
35.12%
GROSS MARGIN AVG 10Y
35.03%
GROSS MARGIN AVG 15Y
35.36%
GROSS MARGIN AVG 20Y
44.48%
CURRENT VS TTM AVG
+34.18%
CURRENT VS 3Y AVG
+118.34%
CURRENT VS 5Y AVG
+90.30%
CURRENT VS 10Y AVG
+90.79%
CURRENT VS 15Y AVG
+89.01%
CURRENT VS 20Y AVG
+50.26%
SECTOR MEDIAN · INDUSTRIALS
32.56%
median of 131 covered companies
CURRENT VS SECTOR MEDIAN
+105.28%
vs the sector median at left
Norfolk Southern Corporation
Market Cap
$75.35B
Gross Margin
66.84%
TTM Avg
49.81%
3Y Avg
30.61%
5Y Avg
35.12%
Market Cap
$76.95B
Gross Margin
44.43%
TTM Avg
42.87%
3Y Avg
42.87%
5Y Avg
42.52%
Market Cap
$77.03B
Gross Margin
36.57%
TTM Avg
37.70%
3Y Avg
37.47%
5Y Avg
36.30%
Market Cap
$77.07B
Gross Margin
20.06%
TTM Avg
20.09%
3Y Avg
19.32%
5Y Avg
19.66%
Market Cap
$78.14B
Gross Margin
46.67%
TTM Avg
52.01%
3Y Avg
51.86%
5Y Avg
53.71%
Market Cap
$70.16B
Gross Margin
59.02%
TTM Avg
59.49%
3Y Avg
58.60%
5Y Avg
56.44%
Market Cap
$81.89B
Gross Margin
50.67%
TTM Avg
50.29%
3Y Avg
49.19%
5Y Avg
48.26%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Norfolk Southern Corporation (NSC) | $75.35B | 66.84% | 49.81% | 30.61% | 35.12% |
| Canadian National Railway Company (CNI)vs › | $76.95B | 44.43% | 42.87% | 42.87% | 42.52% |
| Honeywell International Inc. (HON)vs › | $77.03B | 36.57% | 37.70% | 37.47% | 36.30% |
| Northrop Grumman Corporation (NOC)vs › | $77.07B | 20.06% | 20.09% | 19.32% | 19.66% |
| FedEx Corporation (FDX)vs › | $72.73B | 22.90% | 21.69% | 21.56% | 21.51% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.14B | 46.67% | 52.01% | 51.86% | 53.71% |
| TransDigm Group Incorporated (TDG)vs › | $70.16B | 59.02% | 59.49% | 58.60% | 56.44% |
| PACCAR Inc (PCAR)vs › | $69.83B | 14.86% | 18.08% | 19.00% | 18.78% |
| Cintas Corporation (CTAS)vs › | $81.89B | 50.67% | 50.29% | 49.19% | 48.26% |
| Illinois Tool Works Inc. (ITW)vs › | $82.56B | 44.16% | 43.88% | 42.30% | 41.61% |
Gross Margin
66.8%
(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 | 66.84% |
| 2026-03-31 | 43.06% |
| 2025-12-31 | 70.51% |
| 2025-09-30 | 33.16% |
| 2025-06-30 | 35.50% |
| 2025-03-31 | 31.34% |
| 2024-12-31 | 36.14% |
| 2024-09-30 | 41.17% |
| 2024-06-30 | 36.24% |
| 2024-03-31 | 10.39% |
| 2023-12-31 | 25.87% |
| 2023-09-30 | 25.18% |
| 2023-06-30 | 18.69% |
| 2023-03-31 | 22.61% |
| 2022-12-31 | 35.71% |
| 2022-09-30 | 37.54% |
| 2022-06-30 | 38.25% |
| 2022-03-31 | 37.02% |
| 2021-12-31 | 39.38% |
| 2021-09-30 | 39.66% |
| 2021-06-30 | 39.30% |
| 2021-03-31 | 38.31% |
| 2020-12-31 | 38.24% |
| 2020-09-30 | 33.52% |
| 2020-06-30 | 29.26% |
| 2020-03-31 | 36.30% |
| 2019-12-31 | 35.76% |
| 2019-09-30 | 33.93% |
| 2019-06-30 | 36.41% |
| 2019-03-31 | 34.01% |
| 2018-12-31 | 37.22% |
| 2018-09-30 | 34.61% |
| 2018-06-30 | 35.40% |
| 2018-03-31 | 30.73% |
| 2017-12-31 | 37.39% |
| 2017-09-30 | 33.52% |
| 2017-06-30 | 33.07% |
| 2017-03-31 | 30.02% |
| 2016-12-31 | 30.56% |
| 2016-09-30 | 32.49% |
| 2016-06-30 | 35.90% |
| 2016-03-31 | 37.89% |
| 2015-12-31 | 35.54% |
| 2015-09-30 | 34.91% |
| 2015-06-30 | 34.35% |
| 2015-03-31 | 28.44% |
| 2014-12-31 | 38.92% |
| 2014-09-30 | 36.92% |
| 2014-06-30 | 37.57% |
| 2014-03-31 | 33.02% |
| 2013-12-31 | 37.42% |
| 2013-09-30 | 37.15% |
| 2013-06-30 | 37.44% |
| 2013-03-31 | 33.20% |
| 2012-12-31 | 33.98% |
| 2012-09-30 | 62.57% |
| 2012-06-30 | 65.66% |
| 2012-03-31 | 62.93% |
| 2011-12-31 | 62.75% |
| 2011-09-30 | 65.46% |
| 2011-06-30 | 63.75% |
| 2011-03-31 | 60.15% |
| 2010-12-31 | 63.04% |
| 2010-09-30 | 66.37% |
| 2010-06-30 | 66.13% |
| 2010-03-31 | 65.15% |
| 2009-12-31 | 65.29% |
| 2009-09-30 | 66.41% |
| 2009-06-30 | 66.02% |
| 2009-03-31 | 63.25% |
| 2008-12-31 | 65.07% |
| 2008-09-30 | 62.30% |
| 2008-06-30 | 60.04% |
| 2008-03-31 | 59.24% |
| 2007-12-31 | 52.53% |
| 2007-09-30 | 66.17% |
| 2007-06-30 | 66.74% |
| 2007-03-31 | 65.82% |
| 2006-12-31 | 64.29% |
| 2006-09-30 | 64.94% |
| 2006-06-30 | 64.13% |
| 2006-03-31 | 64.44% |
| 2005-12-31 | 64.47% |
| 2005-09-30 | 64.18% |
| 2005-06-30 | 67.04% |
| 2005-03-31 | 62.57% |
| 2004-12-31 | 64.60% |
| 2004-09-30 | 62.41% |
| 2004-06-30 | 56.21% |
| 2004-03-31 | 54.22% |
| 2003-12-31 | 68.02% |
| 2003-09-30 | 54.13% |
| 2003-06-30 | 52.66% |
| 2003-03-31 | 49.78% |
| 2002-12-31 | 91.08% |
| 2002-09-30 | 51.88% |
