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 31.02% is in line with its 5-year average of 32.79%, near the low end of its 5-year range (25.88%–44.12%).
0.42% below its 12-month average of 31.15%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 30.07%.
GROSS MARGIN
31.02%
GROSS MARGIN AVG TTM
31.15%
GROSS MARGIN AVG 3Y
29.64%
GROSS MARGIN AVG 5Y
32.79%
GROSS MARGIN AVG 10Y
27.79%
GROSS MARGIN AVG 15Y
32.18%
GROSS MARGIN AVG 20Y
33.39%
CURRENT VS TTM AVG
-0.42%
CURRENT VS 3Y AVG
+4.66%
CURRENT VS 5Y AVG
-5.39%
CURRENT VS 10Y AVG
+11.62%
CURRENT VS 15Y AVG
-3.61%
CURRENT VS 20Y AVG
-7.10%
SECTOR MEDIAN · BASIC MATERIALS
34.36%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
-9.71%
vs the sector median at left
Market Cap
$34.15B
Gross Margin
14.62%
TTM Avg
14.50%
3Y Avg
19.50%
5Y Avg
20.35%
Market Cap
$31.66B
Gross Margin
27.43%
TTM Avg
27.13%
3Y Avg
25.15%
5Y Avg
25.29%
Market Cap
$31.03B
Gross Margin
21.84%
TTM Avg
19.79%
3Y Avg
26.56%
5Y Avg
27.00%
Market Cap
$29.84B
Gross Margin
28.23%
TTM Avg
29.36%
3Y Avg
27.92%
5Y Avg
27.18%
Market Cap
$50.44B
Gross Margin
53.54%
TTM Avg
41.11%
3Y Avg
32.43%
5Y Avg
32.80%
Market Cap
$23.34B
Gross Margin
40.09%
TTM Avg
39.80%
3Y Avg
39.03%
5Y Avg
39.78%
Market Cap
$21.55B
Gross Margin
37.52%
TTM Avg
36.03%
3Y Avg
34.38%
5Y Avg
35.10%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nutrien Ltd. (NTR) | $37.29B | 31.02% | 31.15% | 29.64% | 32.79% |
| Steel Dynamics, Inc. (STLD)vs › | $34.15B | 14.62% | 14.50% | 19.50% | 20.35% |
| Vulcan Materials Company (VMC)vs › | $31.66B | 27.43% | 27.13% | 25.15% | 25.29% |
| Teck Resources Limited (TECK)vs › | $31.03B | 21.84% | 19.79% | 26.56% | 27.00% |
| Martin Marietta Materials, Inc. (MLM)vs › | $29.84B | 28.23% | 29.36% | 27.92% | 27.18% |
| AngloGold Ashanti plc (AU)vs › | $50.44B | 53.54% | 41.11% | 32.43% | 32.80% |
| PPG Industries, Inc. (PPG)vs › | $23.34B | 40.09% | 39.80% | 39.03% | 39.78% |
| Dow Inc. (DOW)vs › | $21.73B | 9.79% | 8.18% | 10.33% | 12.12% |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.55B | 37.52% | 36.03% | 34.38% | 35.10% |
| LyondellBasell Industries N.V. (LYB)vs › | $20.96B | 13.16% | 10.16% | 11.55% | 12.91% |
Gross Margin
31.0%
(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 | 30.07% |
| 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% |
