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 46.37% is in line with its 5-year average of 46.33%, around the middle of its 5-year range (44.49%–48.82%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.96% above its 12-month average of 45.93%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
46.37%
GROSS MARGIN AVG TTM
45.93%
GROSS MARGIN AVG 3Y
46.21%
GROSS MARGIN AVG 5Y
46.33%
GROSS MARGIN AVG 10Y
47.95%
GROSS MARGIN AVG 15Y
48.06%
GROSS MARGIN AVG 20Y
48.06%
CURRENT VS TTM AVG
+0.96%
CURRENT VS 3Y AVG
+0.36%
CURRENT VS 5Y AVG
+0.10%
CURRENT VS 10Y AVG
-3.30%
CURRENT VS 15Y AVG
-3.52%
CURRENT VS 20Y AVG
-3.52%
SECTOR MEDIAN · CONSUMER DEFENSIVE
37.56%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+23.46%
vs the sector median at left
Market Cap
$296.88B
Gross Margin
67.51%
TTM Avg
65.97%
3Y Avg
64.84%
5Y Avg
65.68%
Market Cap
$340.27B
Gross Margin
50.18%
TTM Avg
50.67%
3Y Avg
50.15%
5Y Avg
49.88%
Market Cap
$155.78B
Gross Margin
55.93%
TTM Avg
55.59%
3Y Avg
54.88%
5Y Avg
55.85%
Market Cap
$121.39B
Gross Margin
83.50%
TTM Avg
83.17%
3Y Avg
82.76%
5Y Avg
82.65%
Market Cap
$383.19B
Gross Margin
61.89%
TTM Avg
61.34%
3Y Avg
60.09%
5Y Avg
59.99%
Market Cap
$112.99B
Gross Margin
70.99%
TTM Avg
71.24%
3Y Avg
70.25%
5Y Avg
68.30%
Market Cap
$91.35B
Gross Margin
55.55%
TTM Avg
54.95%
3Y Avg
53.33%
5Y Avg
54.78%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nestlé S.A. (NSRGY) | $249.99B | 46.37% | 45.93% | 46.21% | 46.33% |
| Philip Morris International Inc. (PM)vs › | $296.88B | 67.51% | 65.97% | 64.84% | 65.68% |
| PepsiCo, Inc. (PEP)vs › | $190.86B | 53.96% | 54.35% | 53.99% | 54.02% |
| The Procter & Gamble Company (PG)vs › | $340.27B | 50.18% | 50.67% | 50.15% | 49.88% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $155.78B | 55.93% | 55.59% | 54.88% | 55.85% |
| British American Tobacco p.l.c. (BTI)vs › | $121.39B | 83.50% | 83.17% | 82.76% | 82.65% |
| The Coca-Cola Company (KO)vs › | $383.19B | 61.89% | 61.34% | 60.09% | 59.99% |
| Altria Group, Inc. (MO)vs › | $112.99B | 70.99% | 71.24% | 70.25% | 68.30% |
| Monster Beverage Corporation (MNST)vs › | $91.35B | 55.55% | 54.95% | 53.33% | 54.78% |
| Costco Wholesale Corporation (COST)vs › | $414.50B | 12.88% | 12.72% | 12.57% | 12.55% |
Gross Margin
46.4%
(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 | 46.37% |
| 2025-12-31 | 44.58% |
| 2025-06-30 | 46.84% |
| 2024-12-31 | 46.48% |
| 2024-06-30 | 47.40% |
| 2023-12-31 | 46.14% |
| 2023-06-30 | 45.62% |
| 2022-12-31 | 44.49% |
| 2022-06-30 | 45.96% |
| 2021-12-31 | 46.91% |
| 2021-06-30 | 48.82% |
| 2020-12-31 | 49.50% |
| 2020-06-30 | 48.90% |
| 2019-12-31 | 49.31% |
| 2019-06-30 | 49.91% |
| 2018-12-31 | 50.06% |
| 2018-06-30 | 49.50% |
| 2017-12-31 | 49.07% |
| 2017-06-30 | 49.60% |
| 2016-12-31 | 50.59% |
| 2016-06-30 | 50.97% |
| 2015-12-31 | 49.93% |
| 2015-06-30 | 49.63% |
| 2014-12-31 | 48.39% |
| 2014-06-30 | 48.06% |
| 2013-12-31 | 47.64% |
| 2013-06-30 | 48.21% |
| 2012-12-31 | 47.25% |
| 2012-06-30 | 47.69% |
| 2011-12-31 | 0.00% |
| 2011-06-30 | 0.00% |
| 2010-12-31 | 0.00% |
| 2010-06-30 | 0.00% |
| 2009-12-31 | 0.00% |
| 2008-12-31 | 0.00% |
| 2007-12-31 | 0.00% |
| 2006-12-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2004-12-31 | 0.00% |
| 2003-12-31 | 0.00% |
| 2002-12-31 | 0.00% |
| 2001-12-31 | 0.00% |
| 2000-12-31 | 0.00% |
| 1999-12-31 | 0.00% |
| 1998-12-31 | 0.00% |
