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 74.29% is in line with its 5-year average of 71.85%, near the high end of its 5-year range (68.54%–76.16%).
0.60% above its 12-month average of 73.85%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
74.29%
GROSS MARGIN AVG TTM
73.85%
GROSS MARGIN AVG 3Y
72.58%
GROSS MARGIN AVG 5Y
71.85%
GROSS MARGIN AVG 10Y
70.48%
GROSS MARGIN AVG 15Y
70.49%
GROSS MARGIN AVG 20Y
69.77%
CURRENT VS TTM AVG
+0.60%
CURRENT VS 3Y AVG
+2.35%
CURRENT VS 5Y AVG
+3.40%
CURRENT VS 10Y AVG
+5.40%
CURRENT VS 15Y AVG
+5.40%
CURRENT VS 20Y AVG
+6.47%
SECTOR MEDIAN · INDUSTRIALS
30.92%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+140.23%
vs the sector median at left
Market Cap
$40.64B
Gross Margin
39.22%
TTM Avg
40.38%
3Y Avg
40.37%
5Y Avg
40.32%
Market Cap
$39.50B
Gross Margin
59.41%
TTM Avg
59.63%
3Y Avg
60.43%
5Y Avg
60.72%
Market Cap
$42.34B
Gross Margin
75.80%
TTM Avg
75.56%
3Y Avg
76.06%
5Y Avg
76.66%
Market Cap
$37.84B
Gross Margin
31.70%
TTM Avg
33.47%
3Y Avg
34.58%
5Y Avg
33.78%
Market Cap
$44.77B
Gross Margin
40.40%
TTM Avg
40.82%
3Y Avg
41.56%
5Y Avg
41.79%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Paychex, Inc. (PAYX) | $40.81B | 74.29% | 73.85% | 72.58% | 71.85% |
| Waste Connections, Inc. (WCN)vs › | $40.64B | 39.22% | 40.38% | 40.37% | 40.32% |
| Ferrovial SE (FER)vs › | $41.02B | 24.87% | 24.91% | 24.12% | 22.54% |
| Axon Enterprise, Inc. (AXON)vs › | $39.50B | 59.41% | 59.63% | 60.43% | 60.72% |
| Thomson Reuters Corporation (TRI)vs › | $42.34B | 75.80% | 75.56% | 76.06% | 76.66% |
| Ferguson plc (FERG)vs › | $43.29B | 30.55% | 30.83% | 30.64% | 30.64% |
| HEICO Corporation (HEI)vs › | $43.51B | 40.40% | 40.82% | 41.56% | 41.79% |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $37.84B | 31.70% | 33.47% | 34.58% | 33.78% |
| HEICO Corporation (HEI-A)vs › | $44.77B | 40.40% | 40.82% | 41.56% | 41.79% |
| Rocket Lab USA, Inc. (RKLB)vs › | $36.51B | 37.26% | 30.53% | 22.77% | 9.07% |
Gross Margin
74.3%
(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 |
|---|---|
| 2026-05-31 | 74.01% |
| 2026-02-28 | 76.16% |
| 2025-11-30 | 73.54% |
| 2025-08-31 | 73.13% |
| 2025-05-31 | 72.40% |
| 2025-02-28 | 74.33% |
| 2024-11-30 | 71.21% |
| 2024-08-31 | 71.18% |
| 2024-05-31 | 71.03% |
| 2024-02-29 | 73.61% |
| 2023-11-30 | 71.05% |
| 2023-08-31 | 71.99% |
| 2023-05-31 | 69.93% |
| 2023-02-28 | 73.00% |
| 2022-11-30 | 69.81% |
| 2022-08-31 | 70.90% |
| 2022-05-31 | 68.54% |
| 2022-02-28 | 72.40% |
| 2021-11-30 | 70.09% |
| 2021-08-31 | 71.14% |
| 2021-05-31 | 69.32% |
| 2021-02-28 | 70.46% |
| 2020-11-30 | 67.48% |
| 2020-08-31 | 67.06% |
| 2020-05-31 | 68.12% |
| 2020-02-29 | 70.22% |
| 2019-11-30 | 67.36% |
| 2019-08-31 | 67.20% |
| 2019-05-31 | 67.15% |
| 2019-02-28 | 69.61% |
| 2018-11-30 | 69.16% |
| 2018-08-31 | 69.23% |
| 2018-05-31 | 69.43% |
| 2018-02-28 | 68.76% |
| 2017-11-30 | 69.91% |
| 2017-08-31 | 71.58% |
| 2017-05-31 | 71.02% |
| 2017-02-28 | 70.24% |
| 2016-11-30 | 70.66% |
| 2016-08-31 | 71.34% |
| 2016-05-31 | 70.78% |
| 2016-02-29 | 69.98% |
| 2015-11-30 | 71.59% |
| 2015-08-31 | 71.55% |
| 2015-05-31 | 70.59% |
| 2015-02-28 | 70.04% |
| 2014-11-30 | 70.56% |
| 2014-08-31 | 70.86% |
| 2014-05-31 | 69.01% |
| 2014-02-28 | 72.18% |
| 2013-11-30 | 72.53% |
| 2013-08-31 | 72.91% |
| 2013-05-31 | 70.84% |
| 2013-02-28 | 70.99% |
| 2012-11-30 | 70.63% |
| 2012-08-31 | 71.60% |
| 2012-05-31 | 68.90% |
| 2012-02-29 | 68.29% |
| 2011-11-30 | 69.12% |
| 2011-08-31 | 69.75% |
| 2011-05-31 | 67.90% |
| 2011-02-28 | 67.94% |
| 2010-11-30 | 68.95% |
| 2010-08-31 | 69.09% |
| 2010-05-31 | 66.20% |
| 2010-02-28 | 66.68% |
| 2009-11-30 | 66.33% |
| 2009-08-31 | 66.42% |
| 2009-05-31 | 60.31% |
| 2009-02-28 | 66.99% |
| 2008-11-30 | 67.44% |
| 2008-08-31 | 68.46% |
| 2008-05-31 | 67.65% |
| 2008-02-29 | 67.87% |
| 2007-11-30 | 68.01% |
| 2007-08-31 | 68.58% |
| 2007-05-31 | 67.58% |
| 2007-02-28 | 67.33% |
| 2006-11-30 | 66.84% |
| 2006-08-31 | 67.76% |
| 2006-05-31 | 66.85% |
| 2006-02-28 | 66.21% |
| 2005-11-30 | 66.15% |
| 2005-08-31 | 66.95% |
| 2005-05-31 | 78.05% |
| 2005-02-28 | 76.99% |
| 2004-11-30 | 76.98% |
| 2004-08-31 | 76.71% |
| 2004-05-31 | 76.36% |
| 2004-02-29 | 76.87% |
| 2003-11-30 | 76.15% |
| 2003-08-31 | 76.82% |
| 2003-05-31 | 70.73% |
| 2003-02-28 | 76.10% |
| 2002-11-30 | 76.33% |
| 2002-08-31 | 77.86% |
