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 48.45% is 15% above its 5-year average of 42.27%, near the high end of its 5-year range (32.34%–54.58%).
0.88% above its 12-month average of 48.03%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 54.35%.
GROSS MARGIN
48.45%
GROSS MARGIN AVG TTM
48.03%
GROSS MARGIN AVG 3Y
44.10%
GROSS MARGIN AVG 5Y
42.27%
GROSS MARGIN AVG 10Y
39.18%
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+0.88%
CURRENT VS 3Y AVG
+9.86%
CURRENT VS 5Y AVG
+14.63%
CURRENT VS 10Y AVG
+23.65%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · BASIC MATERIALS
34.36%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+41.03%
vs the sector median at left
Market Cap
$52.16B
Gross Margin
53.54%
TTM Avg
41.11%
3Y Avg
32.43%
5Y Avg
32.80%
Market Cap
$63.28B
Gross Margin
32.06%
TTM Avg
31.95%
3Y Avg
30.06%
5Y Avg
30.75%
Market Cap
$68.58B
Gross Margin
77.30%
TTM Avg
67.33%
3Y Avg
61.05%
5Y Avg
58.74%
Market Cap
$72.50B
Gross Margin
56.11%
TTM Avg
44.83%
3Y Avg
37.88%
5Y Avg
38.89%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Corteva, Inc. (CTVA) | $53.86B | 48.45% | 48.03% | 44.10% | 42.27% |
| AngloGold Ashanti plc (AU)vs › | $52.16B | 53.54% | 41.11% | 32.43% | 32.80% |
| Nucor Corporation (NUE)vs › | $56.57B | 15.47% | 12.64% | 15.93% | 19.86% |
| CRH plc (CRH)vs › | $57.57B | 36.13% | 35.92% | 34.78% | 34.13% |
| Vale S.A. (VALE)vs › | $60.60B | 34.32% | 35.30% | 39.54% | 45.64% |
| Air Products and Chemicals, Inc. (APD)vs › | $63.28B | 32.06% | 31.95% | 30.06% | 30.75% |
| Wheaton Precious Metals Corp. (WPM)vs › | $68.58B | 77.30% | 67.33% | 61.05% | 58.74% |
| Nutrien Ltd. (NTR)vs › | $37.01B | 31.02% | 30.02% | 32.48% | 31.49% |
| Barrick Mining Corporation (B)vs › | $72.50B | 56.11% | 44.83% | 37.88% | 38.89% |
| Steel Dynamics, Inc. (STLD)vs › | $33.72B | 14.62% | 14.50% | 19.50% | 20.35% |
Gross Margin
48.5%
(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 | 54.35% |
| 2026-03-31 | 51.64% |
| 2025-12-31 | 42.35% |
| 2025-09-30 | 37.20% |
| 2025-06-30 | 54.58% |
| 2025-03-31 | 46.98% |
| 2024-12-31 | 37.25% |
| 2024-09-30 | 32.72% |
| 2024-06-30 | 52.26% |
| 2024-03-31 | 43.23% |
| 2023-12-31 | 36.17% |
| 2023-09-30 | 36.45% |
| 2023-06-30 | 48.11% |
| 2023-03-31 | 43.26% |
| 2022-12-31 | 34.38% |
| 2022-09-30 | 32.34% |
| 2022-06-30 | 46.85% |
| 2022-03-31 | 40.80% |
| 2021-12-31 | 35.84% |
| 2021-09-30 | 34.29% |
| 2021-06-30 | 46.51% |
| 2021-03-31 | 42.08% |
| 2020-12-31 | 34.14% |
| 2020-09-30 | 30.38% |
| 2020-06-30 | 45.50% |
| 2020-03-31 | 42.64% |
| 2019-12-31 | 34.03% |
| 2019-09-30 | 29.41% |
| 2019-06-30 | 45.16% |
| 2019-03-31 | 18.85% |
| 2018-12-31 | 78.79% |
| 2018-09-30 | 23.73% |
| 2018-06-30 | 35.67% |
| 2018-03-31 | 27.65% |
| 2017-12-31 | 32.30% |
| 2017-09-30 | 28.69% |
| 2017-06-30 | 45.98% |
| 2017-03-31 | 45.98% |
