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 3.84% is 10% above its 5-year average of 3.48%, around the middle of its 5-year range (3.10%–4.30%).
0.73% above its 12-month average of 3.81%.
Reported quarterly gross margin; no daily interpolation. Q4 FY2026 (2026-06-30): 4.30%.
GROSS MARGIN
3.84%
GROSS MARGIN AVG TTM
3.81%
GROSS MARGIN AVG 3Y
3.47%
GROSS MARGIN AVG 5Y
3.48%
GROSS MARGIN AVG 10Y
4.17%
GROSS MARGIN AVG 15Y
4.47%
GROSS MARGIN AVG 20Y
4.68%
CURRENT VS TTM AVG
+0.73%
CURRENT VS 3Y AVG
+10.77%
CURRENT VS 5Y AVG
+10.44%
CURRENT VS 10Y AVG
-7.91%
CURRENT VS 15Y AVG
-14.06%
CURRENT VS 20Y AVG
-17.93%
SECTOR MEDIAN · HEALTHCARE
58.99%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-93.49%
vs the sector median at left
Market Cap
$50.40B
Gross Margin
46.12%
TTM Avg
45.33%
3Y Avg
44.44%
5Y Avg
44.19%
Market Cap
$49.24B
Gross Margin
77.98%
TTM Avg
78.79%
3Y Avg
78.80%
5Y Avg
77.78%
Market Cap
$45.09B
Gross Margin
52.47%
TTM Avg
50.27%
3Y Avg
48.88%
5Y Avg
48.29%
Market Cap
$43.73B
Gross Margin
26.23%
TTM Avg
30.59%
3Y Avg
32.75%
5Y Avg
33.07%
Market Cap
$66.96B
Gross Margin
71.16%
TTM Avg
65.16%
3Y Avg
63.29%
5Y Avg
62.03%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cardinal Health, Inc. (CAH) | $55.01B | 3.84% | 3.81% | 3.47% | 3.48% |
| Moderna, Inc. (MRNA)vs › | $58.20B | 55.35% | 54.80% | 53.09% | 65.45% |
| Becton, Dickinson and Company (BDX)vs › | $50.40B | 46.12% | 45.33% | 44.44% | 44.19% |
| Edwards Lifesciences Corporation (EW)vs › | $49.24B | 77.98% | 78.79% | 78.80% | 77.78% |
| Humana Inc. (HUM)vs › | $48.93B | 13.65% | 14.54% | 16.14% | 17.03% |
| Cencora, Inc. (COR)vs › | $63.47B | 3.71% | 3.06% | 3.07% | 2.95% |
| Teva Pharmaceutical Industries Limited (TEVA)vs › | $45.09B | 52.47% | 50.27% | 48.88% | 48.29% |
| IQVIA Holdings Inc. (IQV)vs › | $43.73B | 26.23% | 30.59% | 32.75% | 33.07% |
| Boston Scientific Corporation (BSX)vs › | $66.96B | 71.16% | 65.16% | 63.29% | 62.03% |
| Agilent Technologies, Inc. (A)vs › | $41.46B | 53.73% | 53.36% | 52.95% | 53.14% |
Gross Margin
3.8%
(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 |
|---|---|
| 2026-06-30 | 4.30% |
| 2026-03-31 | 4.10% |
| 2025-12-31 | 3.38% |
| 2025-09-30 | 3.62% |
| 2025-06-30 | 3.66% |
| 2025-03-31 | 3.87% |
| 2024-12-31 | 3.51% |
| 2024-09-30 | 3.64% |
| 2024-06-30 | 3.10% |
| 2024-03-31 | 3.53% |
| 2023-12-31 | 3.21% |
| 2023-09-30 | 3.19% |
| 2023-06-30 | 3.42% |
| 2023-03-31 | 3.54% |
| 2022-12-31 | 3.23% |
| 2022-09-30 | 3.25% |
| 2022-06-30 | 3.41% |
| 2022-03-31 | 3.75% |
| 2021-12-31 | 3.56% |
| 2021-09-30 | 3.73% |
| 2021-06-30 | 3.46% |
| 2021-03-31 | 4.61% |
| 2020-12-31 | 4.28% |
| 2020-09-30 | 4.39% |
| 2020-06-30 | 4.33% |
| 2020-03-31 | 4.81% |
| 2019-12-31 | 4.31% |
| 2019-09-30 | 4.50% |
| 2019-06-30 | 4.48% |
| 2019-03-31 | 5.01% |
| 2018-12-31 | 4.58% |
| 2018-09-30 | 4.73% |
| 2018-06-30 | 4.91% |
| 2018-03-31 | 5.69% |
| 2017-12-31 | 5.29% |
| 2017-09-30 | 5.12% |
| 2017-06-30 | 4.92% |
| 2017-03-31 | 5.43% |
| 2016-12-31 | 4.83% |
| 2016-09-30 | 4.96% |
| 2016-06-30 | 5.31% |
| 2016-03-31 | 5.51% |
| 2015-12-31 | 5.12% |
| 2015-09-30 | 5.63% |
| 2015-06-30 | 5.29% |
| 2015-03-31 | 5.75% |
| 2014-12-31 | 5.69% |
| 2014-09-30 | 5.57% |
| 2014-06-30 | 5.49% |
| 2014-03-31 | 6.05% |
| 2013-12-31 | 6.05% |
| 2013-09-30 | 5.15% |
| 2013-06-30 | 4.91% |
| 2013-03-31 | 5.26% |
| 2012-12-31 | 4.85% |
| 2012-09-30 | 4.48% |
| 2012-06-30 | 4.24% |
| 2012-03-31 | 4.48% |
| 2011-12-31 | 4.11% |
| 2011-09-30 | 4.05% |
| 2011-06-30 | 3.90% |
| 2011-03-31 | 4.46% |
| 2010-12-31 | 3.92% |
| 2010-09-30 | 3.94% |
| 2010-06-30 | 3.70% |
| 2010-03-31 | 4.15% |
| 2009-12-31 | 3.84% |
| 2009-09-30 | 3.67% |
| 2009-06-30 | 5.35% |
| 2009-03-31 | 5.82% |
| 2008-12-31 | 5.87% |
| 2008-09-30 | 5.82% |
| 2008-06-30 | 6.41% |
| 2008-03-31 | 6.41% |
| 2007-12-31 | 5.82% |
| 2007-09-30 | 6.11% |
| 2007-06-30 | 6.10% |
| 2007-03-31 | 6.35% |
| 2006-12-31 | 5.97% |
| 2006-09-30 | 6.20% |
| 2006-06-30 | 6.58% |
| 2006-03-31 | 6.77% |
| 2005-12-31 | 6.76% |
| 2005-09-30 | 6.31% |
| 2005-06-30 | 7.02% |
| 2005-03-31 | 7.10% |
| 2004-12-31 | 6.50% |
| 2004-09-30 | 6.11% |
| 2004-06-30 | 7.13% |
| 2004-03-31 | 7.81% |
| 2003-12-31 | 7.16% |
| 2003-09-30 | 7.04% |
| 2003-06-30 | 8.09% |
| 2003-03-31 | 8.31% |
| 2002-12-31 | 7.66% |
| 2002-09-30 | 7.69% |
