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 14.62% is 29% below its 5-year average of 20.53%, near the low end of its 5-year range (11.14%–33.18%).
2.27% above its 12-month average of 14.30%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 15.74%.
GROSS MARGIN
14.62%
GROSS MARGIN AVG TTM
14.30%
GROSS MARGIN AVG 3Y
15.30%
GROSS MARGIN AVG 5Y
20.53%
GROSS MARGIN AVG 10Y
17.72%
GROSS MARGIN AVG 15Y
15.44%
GROSS MARGIN AVG 20Y
16.16%
CURRENT VS TTM AVG
+2.27%
CURRENT VS 3Y AVG
-4.45%
CURRENT VS 5Y AVG
-28.78%
CURRENT VS 10Y AVG
-17.51%
CURRENT VS 15Y AVG
-5.28%
CURRENT VS 20Y AVG
-9.51%
SECTOR MEDIAN · BASIC MATERIALS
34.36%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
-57.44%
vs the sector median at left
Steel Dynamics, Inc.
Market Cap
$33.72B
Gross Margin
14.62%
TTM Avg
14.30%
3Y Avg
15.30%
5Y Avg
20.53%
Market Cap
$31.65B
Gross Margin
21.84%
TTM Avg
19.79%
3Y Avg
26.56%
5Y Avg
27.00%
Market Cap
$31.21B
Gross Margin
27.43%
TTM Avg
27.13%
3Y Avg
25.15%
5Y Avg
25.29%
Market Cap
$29.47B
Gross Margin
28.23%
TTM Avg
29.36%
3Y Avg
27.92%
5Y Avg
27.18%
Market Cap
$23.23B
Gross Margin
40.09%
TTM Avg
39.80%
3Y Avg
39.03%
5Y Avg
39.78%
Market Cap
$21.18B
Gross Margin
37.52%
TTM Avg
36.03%
3Y Avg
34.38%
5Y Avg
35.10%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Steel Dynamics, Inc. (STLD) | $33.72B | 14.62% | 14.30% | 15.30% | 20.53% |
| Teck Resources Limited (TECK)vs › | $31.65B | 21.84% | 19.79% | 26.56% | 27.00% |
| Vulcan Materials Company (VMC)vs › | $31.21B | 27.43% | 27.13% | 25.15% | 25.29% |
| Nutrien Ltd. (NTR)vs › | $37.01B | 31.02% | 30.02% | 32.48% | 31.49% |
| Martin Marietta Materials, Inc. (MLM)vs › | $29.47B | 28.23% | 29.36% | 27.92% | 27.18% |
| PPG Industries, Inc. (PPG)vs › | $23.23B | 40.09% | 39.80% | 39.03% | 39.78% |
| Royal Gold, Inc. (RGLD)vs › | $21.19B | 66.79% | 77.79% | 81.15% | 77.22% |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.18B | 37.52% | 36.03% | 34.38% | 35.10% |
| Dow Inc. (DOW)vs › | $20.75B | 9.79% | 8.18% | 10.33% | 12.12% |
| Coeur Mining, Inc. (CDE)vs › | $20.36B | 39.30% | 39.35% | 28.15% | 30.98% |
Gross Margin
14.6%
(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 | 15.74% |
| 2026-03-31 | 14.66% |
| 2025-12-31 | 11.83% |
| 2025-09-30 | 15.70% |
| 2025-06-30 | 13.55% |
| 2025-03-31 | 11.14% |
| 2024-12-31 | 11.41% |
| 2024-09-30 | 13.94% |
| 2024-06-30 | 16.73% |
| 2024-03-31 | 20.89% |
| 2023-12-31 | 17.26% |
| 2023-09-30 | 20.75% |
| 2023-06-30 | 25.72% |
| 2023-03-31 | 21.58% |
| 2022-12-31 | 20.46% |
| 2022-09-30 | 25.91% |
| 2022-06-30 | 30.31% |
| 2022-03-31 | 32.00% |
| 2021-12-31 | 33.18% |
| 2021-09-30 | 31.46% |
| 2021-06-30 | 26.87% |
| 2021-03-31 | 22.58% |
| 2020-12-31 | 17.00% |
| 2020-09-30 | 12.56% |
| 2020-06-30 | 13.58% |
| 2020-03-31 | 16.12% |
| 2019-12-31 | 13.46% |
| 2019-09-30 | 14.24% |
| 2019-06-30 | 15.20% |
| 2019-03-31 | 15.39% |
| 2018-12-31 | 17.95% |
| 2018-09-30 | 21.28% |
| 2018-06-30 | 21.10% |
| 2018-03-31 | 17.80% |
| 2017-12-31 | 13.73% |
| 2017-09-30 | 16.23% |
| 2017-06-30 | 16.42% |
| 2017-03-31 | 19.94% |
| 2016-12-31 | 16.22% |
| 2016-09-30 | 19.44% |
| 2016-06-30 | 18.79% |
| 2016-03-31 | 13.56% |
| 2015-12-31 | 9.06% |
| 2015-09-30 | 11.72% |
| 2015-06-30 | 8.57% |
| 2015-03-31 | 9.14% |
| 2014-12-31 | 11.59% |
| 2014-09-30 | 12.33% |
| 2014-06-30 | 10.76% |
| 2014-03-31 | 8.92% |
| 2013-12-31 | 10.62% |
| 2013-09-30 | 10.31% |
| 2013-06-30 | 8.20% |
| 2013-03-31 | 9.82% |
| 2012-12-31 | 10.56% |
| 2012-09-30 | 9.24% |
| 2012-06-30 | 9.54% |
| 2012-03-31 | 10.15% |
| 2011-12-31 | 8.62% |
| 2011-09-30 | 9.75% |
| 2011-06-30 | 13.29% |
| 2011-03-31 | 14.67% |
| 2010-12-31 | 8.75% |
| 2010-09-30 | 8.81% |
| 2010-06-30 | 11.76% |
| 2010-03-31 | 13.53% |
| 2009-12-31 | 13.07% |
| 2009-09-30 | 18.49% |
| 2009-06-30 | 8.69% |
| 2009-03-31 | -4.99% |
| 2008-12-31 | -3.38% |
| 2008-09-30 | 17.36% |
| 2008-06-30 | 19.95% |
| 2008-03-31 | 18.26% |
| 2007-12-31 | 17.52% |
| 2007-09-30 | 19.75% |
| 2007-06-30 | 23.77% |
| 2007-03-31 | 25.00% |
| 2006-12-31 | 27.29% |
| 2006-09-30 | 26.85% |
| 2006-06-30 | 23.93% |
| 2006-03-31 | 23.95% |
| 2005-12-31 | 24.57% |
| 2005-09-30 | 21.10% |
| 2005-06-30 | 20.37% |
| 2005-03-31 | 22.56% |
| 2004-12-31 | 25.06% |
| 2004-09-30 | 35.96% |
| 2004-06-30 | 27.24% |
| 2004-03-31 | 19.91% |
| 2003-12-31 | 14.22% |
| 2003-09-30 | 15.30% |
| 2003-06-30 | 14.59% |
| 2003-03-31 | 21.03% |
| 2002-12-31 | 29.80% |
| 2002-09-30 | 30.23% |
