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 85.81% is in line with its 5-year average of 87.41%, near the high end of its 5-year range (-9.76%–100.00%).
59.37% above its 12-month average of 53.84%.
Reported quarterly gross margin; no daily interpolation. Q4 FY2025 (2026-02-28): 87.25%.
GROSS MARGIN
85.81%
GROSS MARGIN AVG TTM
53.84%
GROSS MARGIN AVG 3Y
80.22%
GROSS MARGIN AVG 5Y
87.41%
GROSS MARGIN AVG 10Y
82.69%
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+59.37%
CURRENT VS 3Y AVG
+6.97%
CURRENT VS 5Y AVG
-1.83%
CURRENT VS 10Y AVG
+3.78%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
55.76%
median of 111 covered companies
CURRENT VS SECTOR MEDIAN
+53.89%
vs the sector median at left
Invesco California Value Municipal Income Trust
Market Cap
$431.13M
Gross Margin
85.81%
TTM Avg
53.84%
3Y Avg
80.22%
5Y Avg
87.41%
Market Cap
$435.59M
Gross Margin
81.07%
TTM Avg
90.53%
3Y Avg
-297.61%
5Y Avg
-168.35%
Market Cap
$311.37M
Gross Margin
N/A
TTM Avg
83.56%
3Y Avg
104.03%
5Y Avg
81.56%
Market Cap
$562.76M
Gross Margin
N/A
TTM Avg
85.82%
3Y Avg
122.53%
5Y Avg
114.85%
Market Cap
$279.52M
Gross Margin
67.66%
TTM Avg
67.59%
3Y Avg
75.75%
5Y Avg
78.81%
Market Cap
$266.59M
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$645.95M
Gross Margin
87.06%
TTM Avg
87.03%
3Y Avg
83.31%
5Y Avg
84.77%
Market Cap
$205.51M
Gross Margin
70.40%
TTM Avg
81.72%
3Y Avg
-248.27%
5Y Avg
-154.09%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Invesco California Value Municipal Income Trust (VCV) | $431.13M | 85.81% | 53.84% | 80.22% | 87.41% |
| PIMCO California Municipal Income Fund (PCQ)vs › | $435.59M | 81.07% | 90.53% | -297.61% | -168.35% |
| BlackRock Floating Rate Income Trust (BGT)vs › | $311.37M | N/A | 83.56% | 104.03% | 81.56% |
| Nuveen California AMT-Free Quality Municipal Income Fund (NKX)vs › | $562.76M | N/A | 85.82% | 122.53% | 114.85% |
| Isabella Bank Corporation (ISBA)vs › | $279.52M | 67.66% | 67.59% | 75.75% | 78.81% |
| Thunder Bridge Capital Partners V L (TBCVU)vs › | $266.59M | N/A | N/A | N/A | N/A |
| Hypoport SE (HYPOF)vs › | $630.67M | 15.50% | 29.28% | 39.55% | 44.73% |
| BlackRock Multi-Sector Income Trust (BIT)vs › | $645.95M | 87.06% | 87.03% | 83.31% | 84.77% |
| DeFi Technologies Inc. (DEFT)vs › | $205.51M | 70.40% | 81.72% | -248.27% | -154.09% |
| Astoria US Equal Weight Quality Kings ETF (ROE)vs › | $203.32M | N/A | N/A | N/A | N/A |
Gross Margin
85.8%
(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 |
|---|---|
| 2026-02-28 | 87.25% |
| 2025-08-31 | 84.04% |
| 2025-02-28 | -9.76% |
| 2024-08-31 | 100.00% |
| 2024-02-28 | 100.00% |
| 2023-08-31 | 100.00% |
| 2023-02-28 | 100.00% |
| 2022-08-31 | 100.00% |
| 2022-02-28 | 100.00% |
| 2021-08-31 | 100.00% |
| 2021-02-28 | 100.00% |
| 2020-08-31 | 100.00% |
| 2020-02-28 | 69.57% |
| 2019-08-31 | 61.97% |
| 2019-02-28 | 44.63% |
| 2018-08-31 | 28.34% |
| 2018-02-28 | 34.37% |
| 2017-08-31 | 43.59% |
| 2017-02-28 | 100.00% |
| 2016-08-31 | 100.00% |
| 2016-02-28 | 100.00% |
| 2015-08-31 | 100.00% |
| 2015-02-28 | 100.00% |
| 2014-08-31 | 100.00% |
| 2014-02-28 | 100.00% |
| 2013-08-31 | 100.00% |
| 2013-02-28 | 100.00% |
| 2012-08-31 | 100.00% |
