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 16.13% is 47% above its 5-year average of 11.00%, around the middle of its 5-year range (6.05%–21.90%).
15.37% above its 12-month average of 13.98%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 10.40%.
GROSS MARGIN
16.13%
GROSS MARGIN AVG TTM
13.98%
GROSS MARGIN AVG 3Y
10.67%
GROSS MARGIN AVG 5Y
11.00%
GROSS MARGIN AVG 10Y
12.15%
GROSS MARGIN AVG 15Y
11.85%
GROSS MARGIN AVG 20Y
13.41%
CURRENT VS TTM AVG
+15.37%
CURRENT VS 3Y AVG
+51.13%
CURRENT VS 5Y AVG
+46.58%
CURRENT VS 10Y AVG
+32.77%
CURRENT VS 15Y AVG
+36.15%
CURRENT VS 20Y AVG
+20.30%
SECTOR MEDIAN · HEALTHCARE
58.99%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-72.66%
vs the sector median at left
Market Cap
$29.44B
Gross Margin
42.90%
TTM Avg
40.85%
3Y Avg
40.34%
5Y Avg
40.27%
Market Cap
$34.52B
Gross Margin
79.72%
TTM Avg
83.69%
3Y Avg
83.53%
5Y Avg
83.62%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Centene Corp. (CNC) | $31.66B | 16.13% | 13.98% | 10.67% | 11.00% |
| DexCom, Inc. (DXCM)vs › | $31.65B | 62.47% | 60.28% | 62.12% | 63.92% |
| ResMed Inc. (RMD)vs › | $31.91B | 61.16% | 60.26% | 58.24% | 57.85% |
| Biogen Inc. (BIIB)vs › | $31.14B | 67.71% | 73.30% | 74.61% | 77.63% |
| Zoetis Inc. (ZTS)vs › | $30.74B | 70.87% | 69.79% | 68.91% | 68.46% |
| Waters Corporation (WAT)vs › | $30.28B | 50.78% | 58.60% | 58.69% | 58.45% |
| Alcon Inc. (ALC)vs › | $33.37B | 56.45% | 55.42% | 55.20% | 53.33% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.44B | 42.90% | 40.85% | 40.34% | 40.27% |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $34.52B | 79.72% | 83.69% | 83.53% | 83.62% |
| Medline Inc. (MDLN)vs › | $28.79B | 25.02% | 25.55% | 23.71% | 23.71% |
Gross Margin
16.1%
(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 | 10.40% |
| 2026-03-31 | 21.90% |
| 2025-12-31 | 15.18% |
| 2025-09-30 | 16.38% |
| 2025-06-30 | 6.05% |
| 2025-03-31 | 11.16% |
| 2024-12-31 | 9.12% |
| 2024-09-30 | 9.60% |
| 2024-06-30 | 11.12% |
| 2024-03-31 | 11.50% |
| 2023-12-31 | 9.28% |
| 2023-09-30 | 11.96% |
| 2023-06-30 | 12.05% |
| 2023-03-31 | 11.76% |
| 2022-12-31 | 10.82% |
| 2022-09-30 | 11.07% |
| 2022-06-30 | 12.48% |
| 2022-03-31 | 11.71% |
| 2021-12-31 | 11.16% |
| 2021-09-30 | 11.28% |
| 2021-06-30 | 10.61% |
| 2021-03-31 | 12.06% |
| 2020-12-31 | 11.68% |
| 2020-09-30 | 13.43% |
| 2020-06-30 | 17.50% |
| 2020-03-31 | 12.12% |
| 2019-12-31 | 11.00% |
| 2019-09-30 | 11.22% |
| 2019-06-30 | 12.43% |
| 2019-03-31 | 12.79% |
| 2018-12-31 | 13.18% |
| 2018-09-30 | 13.71% |
| 2018-06-30 | 13.78% |
| 2018-03-31 | 15.66% |
| 2017-12-31 | 11.56% |
| 2017-09-30 | 11.83% |
| 2017-06-30 | 12.90% |
| 2017-03-31 | 11.69% |
| 2016-12-31 | 14.83% |
| 2016-09-30 | 13.41% |
| 2016-06-30 | 13.76% |
| 2016-03-31 | 11.87% |
| 2015-12-31 | 12.55% |
| 2015-09-30 | 12.04% |
| 2015-06-30 | 12.11% |
| 2015-03-31 | 11.44% |
| 2014-12-31 | 12.45% |
| 2014-09-30 | 10.89% |
| 2014-06-30 | 11.06% |
| 2014-03-31 | 11.47% |
| 2013-12-31 | 12.09% |
| 2013-09-30 | 11.91% |
| 2013-06-30 | 11.19% |
| 2013-03-31 | 9.62% |
| 2012-12-31 | -5.36% |
| 2012-09-30 | 6.27% |
| 2012-06-30 | 7.08% |
| 2012-03-31 | 11.53% |
| 2011-12-31 | 12.37% |
| 2011-09-30 | 17.55% |
| 2011-06-30 | 17.91% |
| 2011-03-31 | 17.89% |
| 2010-12-31 | 30.26% |
| 2010-09-30 | 19.07% |
| 2010-06-30 | 18.73% |
| 2010-03-31 | 19.82% |
| 2009-12-31 | 19.48% |
| 2009-09-30 | 16.18% |
| 2009-06-30 | 15.46% |
| 2009-03-31 | 16.43% |
| 2008-12-31 | 29.68% |
| 2008-09-30 | 20.25% |
| 2008-06-30 | 16.65% |
| 2008-03-31 | 16.91% |
| 2007-12-31 | 17.27% |
| 2007-09-30 | 16.56% |
| 2007-06-30 | 18.68% |
| 2007-03-31 | 18.08% |
| 2006-12-31 | -163.16% |
| 2006-09-30 | 18.14% |
| 2006-06-30 | 16.30% |
| 2006-03-31 | 17.10% |
| 2005-12-31 | -190.44% |
| 2005-09-30 | 99.50% |
| 2005-06-30 | 99.79% |
| 2005-03-31 | 99.75% |
| 2004-12-31 | -178.55% |
| 2004-09-30 | 99.17% |
| 2004-06-30 | 99.13% |
| 2004-03-31 | 99.11% |
| 2003-12-31 | 99.01% |
| 2003-09-30 | 98.65% |
| 2003-06-30 | 98.60% |
| 2003-03-31 | 99.45% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
