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 84.86% is in line with its 5-year average of 84.88%, near the high end of its 5-year range (78.65%–87.00%).
0.08% below its 12-month average of 84.93%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 86.56%.
GROSS MARGIN
84.86%
GROSS MARGIN AVG TTM
84.93%
GROSS MARGIN AVG 3Y
84.87%
GROSS MARGIN AVG 5Y
84.88%
GROSS MARGIN AVG 10Y
86.49%
GROSS MARGIN AVG 15Y
88.73%
GROSS MARGIN AVG 20Y
90.97%
CURRENT VS TTM AVG
-0.08%
CURRENT VS 3Y AVG
-0.01%
CURRENT VS 5Y AVG
-0.02%
CURRENT VS 10Y AVG
-1.89%
CURRENT VS 15Y AVG
-4.36%
CURRENT VS 20Y AVG
-6.72%
SECTOR MEDIAN · HEALTHCARE
58.99%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+43.84%
vs the sector median at left
Regeneron Pharmaceuticals, Inc.
Market Cap
$79.80B
Gross Margin
84.86%
TTM Avg
84.93%
3Y Avg
84.87%
5Y Avg
84.88%
Market Cap
$89.47B
Gross Margin
25.56%
TTM Avg
26.70%
3Y Avg
26.59%
5Y Avg
26.68%
Market Cap
$93.19B
Gross Margin
41.50%
TTM Avg
41.06%
3Y Avg
39.99%
5Y Avg
47.00%
Market Cap
$65.27B
Gross Margin
71.16%
TTM Avg
65.16%
3Y Avg
63.29%
5Y Avg
62.03%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Regeneron Pharmaceuticals, Inc. (REGN) | $79.80B | 84.86% | 84.93% | 84.87% | 84.88% |
| Cigna Corporation (CI)vs › | $74.11B | 11.66% | 9.98% | 11.47% | 12.36% |
| Elevance Health Inc. (ELV)vs › | $89.47B | 25.56% | 26.70% | 26.59% | 26.68% |
| HCA Healthcare, Inc. (HCA)vs › | $93.19B | 41.50% | 41.06% | 39.99% | 47.00% |
| Boston Scientific Corporation (BSX)vs › | $65.27B | 71.16% | 65.16% | 63.29% | 62.03% |
| Cencora, Inc. (COR)vs › | $61.97B | 3.71% | 3.06% | 3.07% | 2.95% |
| GSK plc (GSK)vs › | $100.76B | 72.71% | 71.78% | 70.69% | 69.52% |
| Moderna, Inc. (MRNA)vs › | $57.78B | 55.35% | 54.80% | 53.09% | 65.45% |
| Sanofi (SNY)vs › | $102.27B | 73.01% | 71.13% | 70.66% | 69.80% |
| McKesson Corporation (MCK)vs › | $103.88B | 3.64% | 3.54% | 3.83% | 4.16% |
Gross Margin
84.9%
(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 | 86.56% |
| 2026-03-31 | 81.43% |
| 2025-12-31 | 84.95% |
| 2025-09-30 | 86.11% |
| 2025-06-30 | 85.58% |
| 2025-03-31 | 84.67% |
| 2024-12-31 | 85.08% |
| 2024-09-30 | 86.80% |
| 2024-06-30 | 86.46% |
| 2024-03-31 | 86.21% |
| 2023-12-31 | 81.68% |
| 2023-09-30 | 83.89% |
| 2023-06-30 | 83.91% |
| 2023-03-31 | 82.39% |
| 2022-12-31 | 85.15% |
| 2022-09-30 | 86.02% |
| 2022-06-30 | 87.00% |
| 2022-03-31 | 83.84% |
| 2021-12-31 | 78.65% |
| 2021-09-30 | 84.75% |
| 2021-06-30 | 85.12% |
| 2021-03-31 | 85.15% |
| 2020-12-31 | 82.88% |
| 2020-09-30 | 85.47% |
| 2020-06-30 | 82.87% |
| 2020-03-31 | 85.05% |
| 2019-12-31 | 85.19% |
| 2019-09-30 | 84.03% |
| 2019-06-30 | 87.46% |
| 2019-03-31 | 83.75% |
| 2018-12-31 | 91.70% |
| 2018-09-30 | 91.23% |
| 2018-06-30 | 92.21% |
| 2018-03-31 | 89.99% |
| 2017-12-31 | 91.14% |
| 2017-09-30 | 90.54% |
| 2017-06-30 | 90.61% |
| 2017-03-31 | 90.73% |
| 2016-12-31 | 91.56% |
| 2016-09-30 | 94.09% |
| 2016-06-30 | 94.31% |
| 2016-03-31 | 90.69% |
| 2015-12-31 | 89.91% |
| 2015-09-30 | 90.41% |
| 2015-06-30 | 91.10% |
| 2015-03-31 | 90.35% |
| 2014-12-31 | 92.59% |
| 2014-09-30 | 92.34% |
| 2014-06-30 | 93.03% |
| 2014-03-31 | 93.04% |
| 2013-12-31 | 92.12% |
| 2013-09-30 | 93.54% |
| 2013-06-30 | 91.34% |
| 2013-03-31 | 93.39% |
| 2012-12-31 | 92.72% |
| 2012-09-30 | 95.29% |
| 2012-06-30 | 92.82% |
| 2012-03-31 | 94.69% |
| 2011-12-31 | 97.57% |
| 2011-09-30 | 99.56% |
| 2011-06-30 | 99.63% |
| 2011-03-31 | 99.66% |
| 2010-12-31 | 99.55% |
| 2010-09-30 | 99.65% |
| 2010-06-30 | 99.65% |
| 2010-03-31 | 99.31% |
| 2009-12-31 | 99.60% |
| 2009-09-30 | 99.60% |
| 2009-06-30 | 99.52% |
| 2009-03-31 | 99.48% |
| 2008-12-31 | 98.87% |
| 2008-09-30 | 99.55% |
| 2008-06-30 | 99.99% |
| 2008-03-31 | 100.00% |
| 2007-12-31 | 100.00% |
| 2007-09-30 | 100.00% |
| 2007-06-30 | 100.00% |
| 2007-03-31 | 100.00% |
| 2006-12-31 | 95.84% |
| 2006-09-30 | 80.45% |
| 2006-06-30 | 85.41% |
| 2006-03-31 | 89.83% |
| 2005-12-31 | 87.69% |
| 2005-09-30 | 79.96% |
| 2005-06-30 | 89.77% |
| 2005-03-31 | 84.63% |
| 2004-12-31 | 92.62% |
| 2004-09-30 | 75.39% |
| 2004-06-30 | 98.14% |
| 2004-03-31 | 96.41% |
| 2003-12-31 | 95.74% |
| 2003-09-30 | 72.15% |
| 2003-06-30 | 97.54% |
| 2003-03-31 | 93.43% |
| 2002-12-31 | 64.86% |
| 2002-09-30 | 75.07% |
