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 67.72% is 95% above its 5-year average of 34.80%, near the high end of its 5-year range (-2.23%–67.72%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.30% above its 12-month average of 64.93%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
67.72%
GROSS MARGIN AVG TTM
64.93%
GROSS MARGIN AVG 3Y
45.69%
GROSS MARGIN AVG 5Y
34.80%
GROSS MARGIN AVG 10Y
27.09%
GROSS MARGIN AVG 15Y
26.59%
GROSS MARGIN AVG 20Y
36.38%
CURRENT VS TTM AVG
+4.30%
CURRENT VS 3Y AVG
+48.23%
CURRENT VS 5Y AVG
+94.60%
CURRENT VS 10Y AVG
+149.99%
CURRENT VS 15Y AVG
+154.67%
CURRENT VS 20Y AVG
+86.15%
SECTOR MEDIAN · INDUSTRIALS
32.54%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+108.12%
vs the sector median at left
United Airlines Holdings, Inc.
Market Cap
$41.67B
Gross Margin
67.72%
TTM Avg
64.93%
3Y Avg
45.69%
5Y Avg
34.80%
Market Cap
$40.77B
Gross Margin
36.56%
TTM Avg
30.53%
3Y Avg
22.77%
5Y Avg
9.07%
Market Cap
$43.99B
Gross Margin
32.15%
TTM Avg
33.47%
3Y Avg
34.58%
5Y Avg
33.78%
Market Cap
$44.36B
Gross Margin
75.81%
TTM Avg
75.56%
3Y Avg
76.06%
5Y Avg
76.66%
Market Cap
$46.42B
Gross Margin
59.32%
TTM Avg
59.63%
3Y Avg
60.43%
5Y Avg
60.72%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| United Airlines Holdings, Inc. (UAL) | $41.67B | 67.72% | 64.93% | 45.69% | 34.80% |
| Paychex, Inc. (PAYX)vs › | $41.85B | 74.29% | 73.32% | 72.40% | 71.47% |
| Rocket Lab USA, Inc. (RKLB)vs › | $40.77B | 36.56% | 30.53% | 22.77% | 9.07% |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $43.99B | 32.15% | 33.47% | 34.58% | 33.78% |
| Thomson Reuters Corporation (TRI)vs › | $44.36B | 75.81% | 75.56% | 76.06% | 76.66% |
| Axon Enterprise, Inc. (AXON)vs › | $46.42B | 59.32% | 59.63% | 60.43% | 60.72% |
| EMCOR Group, Inc. (EME)vs › | $36.06B | 19.66% | 19.28% | 17.41% | 16.78% |
| Ferrovial SE (FER)vs › | $47.93B | 88.32% | 88.06% | 87.00% | 86.04% |
| Ingersoll Rand Inc. (IR)vs › | $34.35B | 37.94% | 41.17% | 40.90% | 39.59% |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $50.08B | 34.33% | 31.95% | 31.17% | 30.54% |
Gross Margin
67.7%
(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 | 67.72% |
| 2026-03-31 | 63.27% |
| 2025-12-31 | 64.14% |
| 2025-09-30 | 64.61% |
| 2025-06-30 | 64.92% |
| 2025-03-31 | 62.63% |
| 2024-12-31 | 30.70% |
| 2024-09-30 | 29.90% |
| 2024-06-30 | 32.04% |
| 2024-03-31 | 21.85% |
| 2023-12-31 | 27.07% |
| 2023-09-30 | 30.67% |
| 2023-06-30 | 34.42% |
| 2023-03-31 | 19.14% |
| 2022-12-31 | 28.81% |
| 2022-09-30 | 29.12% |
| 2022-06-30 | 24.98% |
| 2022-03-31 | 3.87% |
| 2021-12-31 | 15.72% |
| 2021-09-30 | 17.47% |
| 2021-06-30 | -2.23% |
| 2021-03-31 | -43.53% |
| 2020-12-31 | -40.39% |
| 2020-09-30 | -78.91% |
| 2020-06-30 | -171.32% |
| 2020-03-31 | 10.52% |
| 2019-12-31 | 27.90% |
| 2019-09-30 | 30.96% |
| 2019-06-30 | 30.97% |
| 2019-03-31 | 24.83% |
| 2018-12-31 | 27.23% |
| 2018-09-30 | 28.16% |
| 2018-06-30 | 28.73% |
| 2018-03-31 | 22.60% |
| 2017-12-31 | 26.98% |
| 2017-09-30 | 30.32% |
| 2017-06-30 | 32.44% |
| 2017-03-31 | 23.72% |
| 2016-12-31 | 29.97% |
| 2016-09-30 | 34.75% |
| 2016-06-30 | 33.64% |
| 2016-03-31 | 29.05% |
| 2015-12-31 | 31.25% |
| 2015-09-30 | 35.29% |
| 2015-06-30 | 31.75% |
| 2015-03-31 | 26.75% |
| 2014-12-31 | 24.76% |
| 2014-09-30 | 26.97% |
| 2014-06-30 | 26.85% |
| 2014-03-31 | 16.15% |
| 2013-12-31 | 21.87% |
| 2013-09-30 | 24.03% |
| 2013-06-30 | 24.83% |
| 2013-03-31 | 15.74% |
| 2012-12-31 | 21.68% |
| 2012-09-30 | 22.61% |
| 2012-06-30 | 23.14% |
| 2012-03-31 | 15.73% |
| 2011-12-31 | 45.78% |
| 2011-09-30 | 49.19% |
| 2011-06-30 | 51.19% |
| 2011-03-31 | 46.23% |
| 2010-12-31 | 88.26% |
| 2010-09-30 | 52.48% |
| 2010-06-30 | 53.36% |
| 2010-03-31 | 49.19% |
| 2009-12-31 | 1.60% |
| 2009-09-30 | 52.27% |
| 2009-06-30 | 76.78% |
| 2009-03-31 | 71.42% |
| 2008-12-31 | 52.58% |
| 2008-09-30 | 50.01% |
| 2008-06-30 | 57.55% |
| 2008-03-31 | 58.06% |
| 2007-12-31 | 98.45% |
| 2007-10-08 | 68.74% |
| 2007-06-30 | 69.65% |
| 2007-03-31 | 68.49% |
| 2006-12-31 | 168.08% |
| 2006-09-30 | 97.04% |
| 2006-06-30 | 96.28% |
| 2006-03-31 | 95.68% |
| 2005-12-31 | 95.33% |
| 2005-09-30 | 66.75% |
| 2005-06-30 | 96.68% |
| 2005-03-31 | 40.38% |
| 2004-12-31 | 96.09% |
| 2004-09-30 | 95.08% |
| 2004-06-30 | 96.54% |
| 2004-03-31 | 94.99% |
| 2003-12-31 | 94.99% |
| 2003-09-30 | 95.08% |
| 2003-06-30 | 91.89% |
| 2003-03-31 | 88.29% |
| 2002-12-31 | 89.79% |
| 2002-09-30 | 91.92% |
