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 34.81% is 15% below its 5-year average of 41.14%, near the low end of its 5-year range (34.81%–45.22%).
As of the fiscal period ended Tuesday, March 31, 2026. 10.55% below its 12-month average of 38.92%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
34.81%
GROSS MARGIN AVG TTM
38.92%
GROSS MARGIN AVG 3Y
41.67%
GROSS MARGIN AVG 5Y
41.49%
GROSS MARGIN AVG 10Y
40.01%
GROSS MARGIN AVG 15Y
39.43%
GROSS MARGIN AVG 20Y
40.13%
CURRENT VS TTM AVG
-10.55%
CURRENT VS 3Y AVG
-16.47%
CURRENT VS 5Y AVG
-16.09%
CURRENT VS 10Y AVG
-12.98%
CURRENT VS 15Y AVG
-11.71%
CURRENT VS 20Y AVG
-13.25%
SECTOR MEDIAN · TECHNOLOGY
57.23%
median of 175 covered companies
CURRENT VS SECTOR MEDIAN
-39.17%
vs the sector median at left
Veeco Instruments Inc.
Market Cap
$3.05B
Gross Margin
34.81%
TTM Avg
38.92%
3Y Avg
41.67%
5Y Avg
41.49%
Market Cap
$2.62B
Gross Margin
9.28%
TTM Avg
10.71%
3Y Avg
12.68%
5Y Avg
13.43%
Market Cap
$2.40B
Gross Margin
-8.25%
TTM Avg
-12.52%
3Y Avg
-8.09%
5Y Avg
6.92%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Veeco Instruments Inc. (VECO) | $3.05B | 34.81% | 38.92% | 41.67% | 41.49% |
| AXT, Inc. (AXTI)vs › | $3.07B | 12.73% | 18.36% | 22.80% | 26.25% |
| Ichor Holdings, Ltd. (ICHR)vs › | $2.62B | 9.28% | 10.71% | 12.68% | 13.43% |
| Keel Infrastructure Corp. (KEEL)vs › | $2.40B | -8.25% | -12.52% | -8.09% | 6.92% |
| Ambarella, Inc. (AMBA)vs › | $3.77B | 58.28% | 58.41% | 59.78% | 60.44% |
| Asana, Inc. (ASAN)vs › | $1.98B | 88.51% | 89.19% | 89.53% | 89.20% |
| Itron, Inc. (ITRI)vs › | $4.36B | 39.87% | 36.04% | 33.50% | 31.77% |
| Box, Inc. (BOX)vs › | $4.37B | 79.56% | 79.15% | 76.93% | 75.00% |
| monday.com Ltd. (MNDY)vs › | $4.42B | 89.05% | 89.27% | 88.66% | 88.01% |
| Bill.com Holdings, Inc. (BILL)vs › | $4.49B | 80.70% | 81.61% | 80.57% | 78.59% |
Gross Margin
34.8%
(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 |
|---|---|
| 2026-03-31 | 34.81% |
| 2025-12-31 | 37.14% |
| 2025-09-30 | 40.35% |
| 2025-06-30 | 41.38% |
| 2025-03-31 | 40.93% |
| 2024-12-31 | 40.62% |
| 2024-09-30 | 42.86% |
| 2024-06-30 | 42.86% |
| 2024-03-31 | 43.22% |
| 2023-12-31 | 45.22% |
| 2023-09-30 | 43.34% |
| 2023-06-30 | 41.77% |
| 2023-03-31 | 40.40% |
| 2022-12-31 | 40.91% |
| 2022-09-30 | 40.69% |
| 2022-06-30 | 39.19% |
| 2022-03-31 | 42.20% |
| 2021-12-31 | 41.85% |
| 2021-09-30 | 42.04% |
| 2021-06-30 | 41.11% |
| 2021-03-31 | 41.07% |
| 2020-12-31 | 40.91% |
| 2020-09-30 | 43.85% |
| 2020-06-30 | 42.47% |
| 2020-03-31 | 44.42% |
| 2019-12-31 | 39.73% |
| 2019-09-30 | 38.75% |
| 2019-06-30 | 37.09% |
| 2019-03-31 | 34.94% |
| 2018-12-31 | 35.63% |
| 2018-09-30 | 36.59% |
| 2018-06-30 | 35.11% |
| 2018-03-31 | 35.74% |
| 2017-12-31 | 40.67% |
| 2017-09-30 | 40.24% |
| 2017-06-30 | 33.65% |
| 2017-03-31 | 36.23% |
| 2016-12-31 | 38.47% |
| 2016-09-30 | 39.14% |
| 2016-06-30 | 41.73% |
| 2016-03-31 | 40.96% |
| 2015-12-31 | 36.40% |
| 2015-09-30 | 38.55% |
| 2015-06-30 | 37.34% |
| 2015-03-31 | 35.73% |
| 2014-12-31 | 33.35% |
| 2014-09-30 | 34.88% |
| 2014-06-30 | 32.25% |
| 2014-03-31 | 37.18% |
| 2013-12-31 | 21.37% |
| 2013-09-30 | 30.51% |
| 2013-06-30 | 35.55% |
| 2013-03-31 | 36.50% |
| 2012-12-31 | 36.24% |
| 2012-09-30 | 42.33% |
| 2012-06-30 | 44.86% |
| 2012-03-31 | 46.65% |
| 2011-12-31 | 43.35% |
| 2011-09-30 | 46.62% |
| 2011-06-30 | 37.79% |
| 2011-03-31 | 50.78% |
| 2010-12-31 | 50.93% |
| 2010-09-30 | 48.89% |
| 2010-06-30 | 44.96% |
| 2010-03-31 | 43.10% |
| 2009-12-31 | 45.02% |
| 2009-09-30 | 41.36% |
| 2009-06-30 | 33.86% |
| 2009-03-31 | 32.43% |
| 2008-12-31 | 36.39% |
| 2008-09-30 | 39.83% |
| 2008-06-30 | 41.70% |
| 2008-03-31 | 41.66% |
| 2007-12-31 | 33.40% |
| 2007-09-30 | 36.73% |
| 2007-06-30 | 42.77% |
| 2007-03-31 | 44.06% |
| 2006-12-31 | 44.50% |
| 2006-09-30 | 42.59% |
| 2006-06-30 | 44.53% |
| 2006-03-31 | 44.47% |
| 2005-12-31 | 43.32% |
| 2005-09-30 | 44.23% |
| 2005-06-30 | 41.99% |
| 2005-03-31 | 39.99% |
| 2004-12-31 | 27.65% |
| 2004-09-30 | 41.93% |
| 2004-06-30 | 44.07% |
| 2004-03-31 | 42.16% |
| 2003-12-31 | 42.52% |
| 2003-09-30 | 47.98% |
| 2003-06-30 | 44.65% |
| 2003-03-31 | 47.44% |
| 2002-12-31 | 18.29% |
| 2002-09-30 | 47.21% |
| 2002-06-30 | 45.52% |
