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 -14.71% is 183% below its 5-year average of 17.64%, near the low end of its 5-year range (-14.71%–22.75%).
As of the fiscal period ended Tuesday, June 30, 2026. 231.36% below its 12-month average of 11.20%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
-14.71%
GROSS MARGIN AVG TTM
11.20%
GROSS MARGIN AVG 3Y
18.04%
GROSS MARGIN AVG 5Y
19.26%
GROSS MARGIN AVG 10Y
18.98%
GROSS MARGIN AVG 15Y
29.87%
GROSS MARGIN AVG 20Y
41.53%
CURRENT VS TTM AVG
-231.36%
CURRENT VS 3Y AVG
-181.53%
CURRENT VS 5Y AVG
-176.39%
CURRENT VS 10Y AVG
-177.49%
CURRENT VS 15Y AVG
-149.25%
CURRENT VS 20Y AVG
-135.42%
SECTOR MEDIAN · INDUSTRIALS
32.54%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
-145.21%
vs the sector median at left
United Parcel Service, Inc.
Market Cap
$90.31B
Gross Margin
-14.71%
TTM Avg
11.20%
3Y Avg
18.04%
5Y Avg
19.26%
Market Cap
$90.16B
Gross Margin
29.08%
TTM Avg
29.07%
3Y Avg
28.39%
5Y Avg
28.01%
Market Cap
$85.44B
Gross Margin
52.66%
TTM Avg
51.81%
3Y Avg
49.57%
5Y Avg
47.39%
Market Cap
$82.46B
Gross Margin
44.16%
TTM Avg
43.88%
3Y Avg
42.30%
5Y Avg
41.61%
Market Cap
$81.93B
Gross Margin
50.67%
TTM Avg
50.29%
3Y Avg
49.19%
5Y Avg
48.26%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| United Parcel Service, Inc. (UPS) | $90.31B | -14.71% | 11.20% | 18.04% | 19.26% |
| Waste Management, Inc. (WM)vs › | $90.16B | 29.08% | 29.07% | 28.39% | 28.01% |
| Cummins Inc. (CMI)vs › | $89.32B | 25.39% | 25.02% | 24.55% | 24.43% |
| 3M Company (MMM)vs › | $91.55B | 39.40% | 40.28% | 40.80% | 43.11% |
| CSX Corporation (CSX)vs › | $92.73B | 33.25% | 35.56% | 36.96% | 38.67% |
| Emerson Electric Co. (EMR)vs › | $85.44B | 52.66% | 51.81% | 49.57% | 47.39% |
| Illinois Tool Works Inc. (ITW)vs › | $82.46B | 44.16% | 43.88% | 42.30% | 41.61% |
| Cintas Corporation (CTAS)vs › | $81.93B | 50.67% | 50.29% | 49.19% | 48.26% |
| Vertiv Holdings Co (VRT)vs › | $99.56B | 37.52% | 34.36% | 31.41% | 30.67% |
| Trane Technologies plc (TT)vs › | $101.24B | 35.39% | 35.92% | 34.01% | 33.03% |
Gross Margin
-14.7%
(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 | -14.71% |
| 2026-03-31 | 15.84% |
| 2025-12-31 | 20.77% |
| 2025-09-30 | 16.28% |
| 2025-06-30 | 17.81% |
| 2025-03-31 | 17.08% |
| 2024-12-31 | 20.81% |
| 2024-09-30 | 17.07% |
| 2024-06-30 | 17.34% |
| 2024-03-31 | 16.48% |
| 2023-12-31 | 19.81% |
| 2023-09-30 | 15.92% |
| 2023-06-30 | 21.29% |
| 2023-03-31 | 19.51% |
| 2022-12-31 | 20.66% |
| 2022-09-30 | 20.91% |
| 2022-06-30 | 22.09% |
| 2022-03-31 | 20.76% |
| 2021-12-31 | 22.75% |
| 2021-09-30 | 20.37% |
| 2021-06-30 | 21.55% |
| 2021-03-31 | 20.22% |
| 2020-12-31 | 19.76% |
| 2020-09-30 | 18.67% |
| 2020-06-30 | 18.85% |
| 2020-03-31 | 14.54% |
| 2019-12-31 | 19.12% |
| 2019-09-30 | 19.07% |
| 2019-06-30 | 19.34% |
| 2019-03-31 | 15.82% |
| 2018-12-31 | 17.88% |
| 2018-09-30 | 17.56% |
| 2018-06-30 | 17.77% |
| 2018-03-31 | 16.46% |
| 2017-12-31 | 18.89% |
| 2017-09-30 | 18.63% |
| 2017-06-30 | 20.03% |
| 2017-03-31 | 19.16% |
| 2016-12-31 | 20.49% |
| 2016-09-30 | 20.53% |
| 2016-06-30 | 21.42% |
| 2016-03-31 | 45.53% |
| 2015-12-31 | 47.03% |
| 2015-09-30 | 47.62% |
| 2015-06-30 | 46.78% |
| 2015-03-31 | 45.88% |
| 2014-12-31 | 42.20% |
| 2014-09-30 | 49.50% |
| 2014-06-30 | 41.30% |
| 2014-03-31 | 47.27% |
| 2013-12-31 | 48.94% |
| 2013-09-30 | 48.52% |
| 2013-06-30 | 48.32% |
| 2013-03-31 | 48.13% |
| 2012-12-31 | 18.04% |
| 2012-09-30 | 76.91% |
| 2012-06-30 | 77.15% |
| 2012-03-31 | 76.83% |
| 2011-12-31 | 69.19% |
| 2011-09-30 | 76.19% |
| 2011-06-30 | 76.23% |
| 2011-03-31 | 77.18% |
| 2010-12-31 | 77.52% |
| 2010-09-30 | 78.17% |
| 2010-06-30 | 80.91% |
| 2010-03-31 | 79.08% |
| 2009-12-31 | 78.69% |
| 2009-09-30 | 80.29% |
| 2009-06-30 | 81.53% |
| 2009-03-31 | 81.86% |
| 2008-12-31 | 78.67% |
| 2008-09-30 | 75.76% |
| 2008-06-30 | 75.78% |
| 2008-03-31 | 79.92% |
| 2007-12-31 | 78.21% |
| 2007-09-30 | 79.68% |
| 2007-06-30 | 80.45% |
| 2007-03-31 | 81.09% |
| 2006-12-31 | 35.56% |
| 2006-09-30 | 80.66% |
| 2006-06-30 | 80.85% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 56.50% |
| 2005-09-30 | 76.04% |
| 2005-06-30 | 68.34% |
| 2005-03-31 | 68.83% |
| 2004-12-31 | 56.71% |
| 2004-09-30 | 75.74% |
| 2004-06-30 | 72.02% |
| 2004-03-31 | 71.59% |
| 2003-12-31 | 75.07% |
| 2003-09-30 | 76.53% |
| 2003-06-30 | 75.67% |
| 2003-03-31 | 75.36% |
| 2002-12-31 | 73.74% |
| 2002-09-30 | 75.35% |
