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 80.24% is 49% above its 5-year average of 53.88%, near the high end of its 5-year range (33.99%–80.24%).
As of the fiscal period ended Tuesday, June 30, 2026. 47.08% above its 12-month average of 54.55%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
80.24%
GROSS MARGIN AVG TTM
54.55%
GROSS MARGIN AVG 3Y
51.88%
GROSS MARGIN AVG 5Y
53.63%
GROSS MARGIN AVG 10Y
54.44%
GROSS MARGIN AVG 15Y
52.33%
GROSS MARGIN AVG 20Y
54.07%
CURRENT VS TTM AVG
+47.08%
CURRENT VS 3Y AVG
+54.66%
CURRENT VS 5Y AVG
+49.61%
CURRENT VS 10Y AVG
+47.38%
CURRENT VS 15Y AVG
+53.35%
CURRENT VS 20Y AVG
+48.39%
SECTOR MEDIAN · INDUSTRIALS
32.83%
median of 132 covered companies
CURRENT VS SECTOR MEDIAN
+144.41%
vs the sector median at left
Canadian Pacific Kansas City Ltd.
Market Cap
$80.10B
Gross Margin
80.24%
TTM Avg
54.55%
3Y Avg
51.88%
5Y Avg
53.63%
Market Cap
$82.40B
Gross Margin
20.06%
TTM Avg
20.09%
3Y Avg
19.32%
5Y Avg
19.66%
Market Cap
$77.17B
Gross Margin
36.57%
TTM Avg
37.70%
3Y Avg
37.47%
5Y Avg
36.30%
Market Cap
$75.81B
Gross Margin
44.43%
TTM Avg
42.87%
3Y Avg
42.87%
5Y Avg
42.52%
Market Cap
$75.40B
Gross Margin
42.43%
TTM Avg
36.74%
3Y Avg
33.43%
5Y Avg
34.60%
Market Cap
$84.98B
Gross Margin
44.16%
TTM Avg
43.88%
3Y Avg
42.30%
5Y Avg
41.61%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Pacific Kansas City Ltd. (CP) | $80.10B | 80.24% | 54.55% | 51.88% | 53.63% |
| Cintas Corporation (CTAS)vs › | $80.93B | 50.67% | 50.29% | 49.19% | 48.26% |
| Northrop Grumman Corporation (NOC)vs › | $82.40B | 20.06% | 20.09% | 19.32% | 19.66% |
| Honeywell International Inc. (HON)vs › | $77.17B | 36.57% | 37.70% | 37.47% | 36.30% |
| FedEx Corporation (FDX)vs › | $76.80B | 22.90% | 21.69% | 21.56% | 21.51% |
| Canadian National Railway Company (CNI)vs › | $75.81B | 44.43% | 42.87% | 42.87% | 42.52% |
| Norfolk Southern Corporation (NSC)vs › | $75.40B | 42.43% | 36.74% | 33.43% | 34.60% |
| Illinois Tool Works Inc. (ITW)vs › | $84.98B | 44.16% | 43.88% | 42.30% | 41.61% |
| Cummins Inc. (CMI)vs › | $88.52B | 25.32% | 25.02% | 24.55% | 24.43% |
| United Parcel Service, Inc. (UPS)vs › | $88.45B | 16.63% | 18.42% | 19.11% | 20.03% |
Gross Margin
80.2%
(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 | 80.24% |
| 2026-03-31 | 33.99% |
| 2025-12-31 | 36.86% |
| 2025-09-30 | 68.64% |
| 2025-06-30 | 53.04% |
| 2025-03-31 | 51.23% |
| 2024-12-31 | 54.08% |
| 2024-09-30 | 50.72% |
| 2024-06-30 | 51.51% |
| 2024-03-31 | 49.15% |
| 2023-12-31 | 57.10% |
| 2023-09-30 | 51.18% |
| 2023-06-30 | 48.93% |
| 2023-03-31 | 50.84% |
| 2022-12-31 | 57.64% |
| 2022-09-30 | 55.54% |
| 2022-06-30 | 56.04% |
| 2022-03-31 | 49.02% |
| 2021-12-31 | 59.07% |
| 2021-09-30 | 57.52% |
| 2021-06-30 | 59.15% |
| 2021-03-31 | 58.40% |
| 2020-12-31 | 55.42% |
| 2020-09-30 | 58.40% |
| 2020-06-30 | 60.38% |
| 2020-03-31 | 56.14% |
| 2019-12-31 | 57.27% |
| 2019-09-30 | 59.83% |
| 2019-06-30 | 55.79% |
| 2019-03-31 | 47.31% |
| 2018-12-31 | 58.82% |
| 2018-09-30 | 57.32% |
| 2018-06-30 | 52.97% |
| 2018-03-31 | 50.54% |
| 2017-12-31 | 60.83% |
| 2017-09-30 | 53.42% |
| 2017-06-30 | 49.18% |
| 2017-03-31 | 50.03% |
| 2016-12-31 | 55.41% |
| 2016-09-30 | 54.12% |
| 2016-06-30 | 51.10% |
| 2016-03-31 | 53.11% |
| 2015-12-31 | 50.74% |
| 2015-09-30 | 50.32% |
| 2015-06-30 | 49.49% |
| 2015-03-31 | 45.23% |
| 2014-12-31 | 49.66% |
| 2014-09-30 | 46.71% |
| 2014-06-30 | 43.07% |
| 2014-03-31 | 37.11% |
| 2013-12-31 | 43.68% |
| 2013-09-30 | 43.22% |
| 2013-06-30 | 37.47% |
| 2013-03-31 | 33.04% |
| 2012-12-31 | 34.62% |
| 2012-09-30 | 35.35% |
| 2012-06-30 | 37.34% |
| 2012-03-31 | 34.52% |
| 2011-12-31 | 57.88% |
| 2011-09-30 | 58.36% |
| 2011-06-30 | 54.57% |
| 2011-03-31 | 69.97% |
| 2010-12-31 | 60.36% |
| 2010-09-30 | 64.28% |
| 2010-06-30 | 60.53% |
| 2010-03-31 | 58.42% |
| 2009-12-31 | 60.15% |
| 2009-09-30 | 65.04% |
| 2009-06-30 | 61.87% |
| 2009-03-31 | 55.55% |
| 2008-12-31 | 49.53% |
| 2008-09-30 | 57.95% |
| 2008-06-30 | 56.63% |
| 2008-03-31 | 56.49% |
| 2007-12-31 | 23.98% |
| 2007-09-30 | 67.58% |
| 2007-06-30 | 99.90% |
| 2007-03-31 | 60.97% |
| 2006-12-31 | 19.76% |
| 2006-09-30 | 64.89% |
| 2006-06-30 | 63.77% |
| 2006-03-31 | 62.48% |
| 2005-12-31 | 62.77% |
| 2005-09-30 | 63.87% |
| 2005-06-30 | 63.66% |
| 2005-03-31 | 61.07% |
| 2004-12-31 | 65.01% |
| 2004-09-30 | 63.38% |
| 2004-06-30 | 0.00% |
| 2004-03-31 | 0.00% |
| 2003-12-31 | 25.42% |
| 2003-09-30 | 64.90% |
| 2003-06-30 | 31.06% |
| 2003-03-31 | 74.69% |
| 2002-12-31 | 0.67% |
| 2002-09-30 | 86.29% |
