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 37.35% is 22% below its 5-year average of 47.73%, near the low end of its 5-year range (32.15%–54.86%).
7.31% below its 12-month average of 40.30%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 40.49%.
GROSS MARGIN
37.35%
GROSS MARGIN AVG TTM
40.30%
GROSS MARGIN AVG 3Y
45.86%
GROSS MARGIN AVG 5Y
47.73%
GROSS MARGIN AVG 10Y
49.17%
GROSS MARGIN AVG 15Y
48.92%
GROSS MARGIN AVG 20Y
48.49%
CURRENT VS TTM AVG
-7.31%
CURRENT VS 3Y AVG
-18.56%
CURRENT VS 5Y AVG
-21.75%
CURRENT VS 10Y AVG
-24.03%
CURRENT VS 15Y AVG
-23.65%
CURRENT VS 20Y AVG
-22.98%
SECTOR MEDIAN · UTILITIES
35.25%
median of 66 covered companies
CURRENT VS SECTOR MEDIAN
+5.96%
vs the sector median at left
Artesian Resources Corporation
Market Cap
$347.62M
Gross Margin
37.35%
TTM Avg
40.30%
3Y Avg
45.86%
5Y Avg
47.73%
Market Cap
$357.71M
Gross Margin
-9.41%
TTM Avg
-20.04%
3Y Avg
-26.30%
5Y Avg
-28.85%
Market Cap
$332.53M
Gross Margin
0.00%
TTM Avg
50.00%
3Y Avg
66.67%
5Y Avg
66.67%
Market Cap
$401.67M
Gross Margin
0.00%
TTM Avg
0.00%
3Y Avg
0.00%
5Y Avg
0.00%
Market Cap
$264.59M
Gross Margin
57.76%
TTM Avg
65.09%
3Y Avg
64.12%
5Y Avg
58.05%
Market Cap
$233.85M
Gross Margin
44.86%
TTM Avg
59.41%
3Y Avg
67.64%
5Y Avg
70.22%
Market Cap
$226.88M
Gross Margin
31.53%
TTM Avg
35.13%
3Y Avg
32.97%
5Y Avg
33.60%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Artesian Resources Corporation (ARTNA) | $347.62M | 37.35% | 40.30% | 45.86% | 47.73% |
| Digi Power X Inc. (DGXX)vs › | $357.71M | -9.41% | -20.04% | -26.30% | -28.85% |
| Terrestrial Energy Inc. (IMSR)vs › | $332.53M | 0.00% | 50.00% | 66.67% | 66.67% |
| Terra Innovatum Global N.V. Ordinary shares (NKLR)vs › | $401.67M | 0.00% | 0.00% | 0.00% | 0.00% |
| Cadiz Inc. (CDZI)vs › | $282.11M | 27.14% | 27.80% | -6.78% | 28.82% |
| Pure Cycle Corporation (PCYO)vs › | $264.59M | 57.76% | 65.09% | 64.12% | 58.05% |
| Cadiz Inc. (CDZIP)vs › | $250.02M | 27.14% | 27.80% | -6.78% | 28.82% |
| Global Water Resources, Inc. (GWRS)vs › | $233.85M | 44.86% | 59.41% | 67.64% | 70.22% |
| RGC Resources, Inc. (RGCO)vs › | $226.88M | 31.53% | 35.13% | 32.97% | 33.60% |
| Consolidated Water Co. Ltd. (CWCO)vs › | $490.09M | 35.26% | 35.03% | 34.17% | 34.78% |
Gross Margin
37.4%
(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 | 40.49% |
| 2026-03-31 | 35.84% |
| 2025-12-31 | 32.15% |
| 2025-09-30 | 40.33% |
| 2025-06-30 | 52.66% |
| 2025-03-31 | 48.06% |
| 2024-12-31 | 44.86% |
| 2024-09-30 | 54.23% |
| 2024-06-30 | 51.40% |
| 2024-03-31 | 46.74% |
| 2023-12-31 | 47.78% |
| 2023-09-30 | 52.16% |
| 2023-06-30 | 49.51% |
| 2023-03-31 | 45.07% |
| 2022-12-31 | 39.44% |
| 2022-09-30 | 54.86% |
| 2022-06-30 | 52.12% |
| 2022-03-31 | 48.45% |
| 2021-12-31 | 45.04% |
| 2021-09-30 | 52.37% |
| 2021-06-30 | 53.17% |
| 2021-03-31 | 49.53% |
| 2020-12-31 | 46.27% |
| 2020-09-30 | 52.00% |
| 2020-06-30 | 53.60% |
| 2020-03-31 | 49.94% |
| 2019-12-31 | 46.43% |
| 2019-09-30 | 49.74% |
| 2019-06-30 | 51.44% |
| 2019-03-31 | 48.99% |
| 2018-12-31 | 44.76% |
| 2018-09-30 | 49.52% |
| 2018-06-30 | 52.03% |
| 2018-03-31 | 48.45% |
| 2017-12-31 | 48.46% |
| 2017-09-30 | 51.66% |
| 2017-06-30 | 50.00% |
| 2017-03-31 | 50.02% |
| 2016-12-31 | 49.87% |
| 2016-09-30 | 54.23% |
| 2016-06-30 | 51.76% |
| 2016-03-31 | 50.24% |
| 2015-12-31 | 43.73% |
| 2015-09-30 | 53.73% |
| 2015-06-30 | 53.38% |
| 2015-03-31 | 48.88% |
| 2014-12-31 | 47.23% |
| 2014-09-30 | 55.24% |
| 2014-06-30 | 45.77% |
| 2014-03-31 | 46.30% |
| 2013-12-31 | 44.26% |
| 2013-09-30 | 50.61% |
| 2013-06-30 | 49.84% |
| 2013-03-31 | 42.61% |
| 2012-12-31 | 45.35% |
| 2012-09-30 | 49.11% |
| 2012-06-30 | 50.55% |
| 2012-03-31 | 49.53% |
| 2011-12-31 | 47.13% |
| 2011-09-30 | 49.11% |
| 2011-06-30 | 46.03% |
| 2011-03-31 | 38.89% |
| 2010-12-31 | 41.89% |
| 2010-09-30 | 51.88% |
| 2010-06-30 | 47.36% |
| 2010-03-31 | 44.03% |
| 2009-12-31 | 44.41% |
| 2009-09-30 | 48.65% |
| 2009-06-30 | 48.37% |
| 2009-03-31 | 45.85% |
| 2008-12-31 | 100.00% |
| 2008-09-30 | 100.00% |
| 2008-06-30 | 100.00% |
| 2008-03-31 | 100.00% |
| 2007-12-31 | 100.00% |
| 2007-09-30 | 100.00% |
| 2007-06-30 | 100.00% |
| 2007-03-31 | 100.00% |
| 2006-12-31 | 81.68% |
| 2006-09-30 | 97.75% |
| 2006-06-30 | 96.50% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 100.00% |
| 2005-09-30 | 100.00% |
| 2005-06-30 | 100.00% |
| 2005-03-31 | 100.00% |
| 2004-12-31 | 100.00% |
| 2004-09-30 | 100.00% |
| 2004-06-30 | 98.68% |
| 2004-03-31 | 100.00% |
| 2003-12-31 | 100.00% |
| 2003-09-30 | 100.00% |
| 2003-06-30 | 100.00% |
| 2003-03-31 | 99.44% |
| 2002-12-31 | -109.56% |
| 2002-09-30 | 100.00% |
