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 27.22% is 16% below its 5-year average of 32.54%, near the low end of its 5-year range (24.82%–44.12%).
As of the fiscal period ended Tuesday, March 31, 2026. 10.19% below its 12-month average of 30.32%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
27.22%
GROSS MARGIN AVG TTM
30.32%
GROSS MARGIN AVG 3Y
29.73%
GROSS MARGIN AVG 5Y
32.54%
GROSS MARGIN AVG 10Y
27.50%
GROSS MARGIN AVG 15Y
32.51%
GROSS MARGIN AVG 20Y
33.31%
CURRENT VS TTM AVG
-10.19%
CURRENT VS 3Y AVG
-8.44%
CURRENT VS 5Y AVG
-16.32%
CURRENT VS 10Y AVG
-1.01%
CURRENT VS 15Y AVG
-16.26%
CURRENT VS 20Y AVG
-18.27%
SECTOR MEDIAN · BASIC MATERIALS
33.66%
median of 43 covered companies
CURRENT VS SECTOR MEDIAN
-19.12%
vs the sector median at left
Market Cap
$31.54B
Gross Margin
28.23%
TTM Avg
29.36%
3Y Avg
27.92%
5Y Avg
27.18%
Market Cap
$34.85B
Gross Margin
27.43%
TTM Avg
27.13%
3Y Avg
25.15%
5Y Avg
25.29%
Market Cap
$36.01B
Gross Margin
14.62%
TTM Avg
14.50%
3Y Avg
19.50%
5Y Avg
20.35%
Market Cap
$25.82B
Gross Margin
30.58%
TTM Avg
28.64%
3Y Avg
22.92%
5Y Avg
16.65%
Market Cap
$24.57B
Gross Margin
40.09%
TTM Avg
39.80%
3Y Avg
39.03%
5Y Avg
39.78%
Market Cap
$21.62B
Gross Margin
27.75%
TTM Avg
28.84%
3Y Avg
26.63%
5Y Avg
26.48%
Market Cap
$20.73B
Gross Margin
26.89%
TTM Avg
27.27%
3Y Avg
28.25%
5Y Avg
28.77%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nutrien Ltd. (NTR) | $33.16B | 27.22% | 30.32% | 29.73% | 32.54% |
| Martin Marietta Materials, Inc. (MLM)vs › | $31.54B | 28.23% | 29.36% | 27.92% | 27.18% |
| Vulcan Materials Company (VMC)vs › | $34.85B | 27.43% | 27.13% | 25.15% | 25.29% |
| Steel Dynamics, Inc. (STLD)vs › | $36.01B | 14.62% | 14.50% | 19.50% | 20.35% |
| Carpenter Technology Corporation (CRS)vs › | $25.82B | 30.58% | 28.64% | 22.92% | 16.65% |
| PPG Industries, Inc. (PPG)vs › | $24.57B | 40.09% | 39.80% | 39.03% | 39.78% |
| Dow Inc. (DOW)vs › | $21.88B | 9.79% | 8.18% | 10.33% | 12.12% |
| International Paper Company (IP)vs › | $21.62B | 27.75% | 28.84% | 26.63% | 26.48% |
| Reliance Steel & Aluminum Co. (RS)vs › | $20.73B | 26.89% | 27.27% | 28.25% | 28.77% |
| International Flavors & Fragrances Inc. (IFF)vs › | $20.23B | 36.35% | 36.03% | 34.38% | 35.10% |
Gross Margin
27.2%
(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 | 27.22% |
| 2025-12-31 | 35.36% |
| 2025-09-30 | 32.70% |
| 2025-06-30 | 30.42% |
| 2025-03-31 | 25.88% |
| 2024-12-31 | 31.13% |
| 2024-09-30 | 28.05% |
| 2024-06-30 | 28.67% |
| 2024-03-31 | 28.52% |
| 2023-12-31 | 31.21% |
| 2023-09-30 | 28.89% |
| 2023-06-30 | 27.17% |
| 2023-03-31 | 31.32% |
| 2022-12-31 | 38.58% |
| 2022-09-30 | 39.84% |
| 2022-06-30 | 41.36% |
| 2022-03-31 | 42.54% |
| 2021-12-31 | 44.12% |
| 2021-09-30 | 35.94% |
| 2021-06-30 | 29.52% |
| 2021-03-31 | 24.82% |
| 2020-12-31 | 29.60% |
| 2020-09-30 | 24.11% |
| 2020-06-30 | 25.74% |
| 2020-03-31 | 21.08% |
| 2019-12-31 | 28.64% |
| 2019-09-30 | 27.34% |
| 2019-06-30 | 26.60% |
| 2019-03-31 | 26.22% |
| 2018-12-31 | 33.47% |
| 2018-09-30 | 28.95% |
| 2018-06-30 | 26.29% |
| 2018-03-31 | 23.10% |
| 2017-12-31 | -7.22% |
| 2017-09-30 | 18.88% |
| 2017-06-30 | 23.21% |
| 2017-03-31 | 24.55% |
| 2016-12-31 | 15.41% |
| 2016-09-30 | 16.73% |
| 2016-06-30 | 23.08% |
| 2016-03-31 | 19.35% |
| 2015-12-31 | 28.51% |
| 2015-09-30 | 33.03% |
| 2015-06-30 | 41.07% |
| 2015-03-31 | 40.06% |
| 2014-12-31 | 39.22% |
| 2014-09-30 | 35.89% |
| 2014-06-30 | 39.48% |
| 2014-03-31 | 33.63% |
| 2013-12-31 | 29.85% |
| 2013-09-30 | 31.84% |
| 2013-06-30 | 45.66% |
| 2013-03-31 | 41.29% |
| 2012-12-31 | 35.69% |
| 2012-09-30 | 43.26% |
| 2012-06-30 | 50.04% |
| 2012-03-31 | 39.98% |
| 2011-12-31 | 47.72% |
| 2011-09-30 | 48.77% |
| 2011-06-30 | 50.24% |
| 2011-03-31 | 49.73% |
| 2010-12-31 | 42.10% |
| 2010-09-30 | 34.92% |
| 2010-06-30 | 40.71% |
| 2010-03-31 | 42.53% |
| 2009-12-31 | 25.44% |
| 2009-09-30 | 31.36% |
| 2009-06-30 | 19.75% |
| 2009-03-31 | 24.73% |
| 2008-12-31 | 46.67% |
| 2008-09-30 | 56.82% |
| 2008-06-30 | 54.84% |
| 2008-03-31 | 45.28% |
| 2007-12-31 | 37.38% |
| 2007-09-30 | 36.69% |
| 2007-06-30 | 37.06% |
| 2007-03-31 | 32.02% |
| 2006-12-31 | 29.26% |
| 2006-09-30 | 25.78% |
| 2006-06-30 | 27.29% |
| 2006-03-31 | 23.62% |
| 2005-12-31 | 26.03% |
| 2005-09-30 | 29.80% |
| 2005-06-30 | 32.61% |
| 2005-03-31 | 28.06% |
| 2004-12-31 | 22.77% |
| 2004-09-30 | 23.22% |
| 2004-06-30 | 20.47% |
| 2004-03-31 | 17.02% |
| 2003-12-31 | 14.36% |
| 2003-09-30 | 14.31% |
| 2003-06-30 | 18.61% |
| 2003-03-31 | 14.12% |
| 2002-12-31 | 12.65% |
| 2002-09-30 | 16.37% |
| 2002-06-30 | 18.00% |
