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 37.59% is in line with its 5-year average of 36.43%, near the high end of its 5-year range (31.43%–38.86%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.42% above its 12-month average of 37.06%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
37.59%
GROSS MARGIN AVG TTM
37.06%
GROSS MARGIN AVG 3Y
37.50%
GROSS MARGIN AVG 5Y
36.43%
GROSS MARGIN AVG 10Y
34.08%
GROSS MARGIN AVG 15Y
32.28%
GROSS MARGIN AVG 20Y
30.10%
CURRENT VS TTM AVG
+1.42%
CURRENT VS 3Y AVG
+0.22%
CURRENT VS 5Y AVG
+3.17%
CURRENT VS 10Y AVG
+10.28%
CURRENT VS 15Y AVG
+16.44%
CURRENT VS 20Y AVG
+24.86%
SECTOR MEDIAN · INDUSTRIALS
32.34%
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+16.24%
vs the sector median at left
Honeywell International Inc.
Market Cap
$76.00B
Gross Margin
37.59%
TTM Avg
37.06%
3Y Avg
37.50%
5Y Avg
36.43%
Market Cap
$76.91B
Gross Margin
44.21%
TTM Avg
42.87%
3Y Avg
42.87%
5Y Avg
42.52%
Market Cap
$74.89B
Gross Margin
20.06%
TTM Avg
20.09%
3Y Avg
19.32%
5Y Avg
19.66%
Market Cap
$74.46B
Gross Margin
42.43%
TTM Avg
36.74%
3Y Avg
33.43%
5Y Avg
34.60%
Market Cap
$77.90B
Gross Margin
46.67%
TTM Avg
52.01%
3Y Avg
51.86%
5Y Avg
53.71%
Market Cap
$82.01B
Gross Margin
44.16%
TTM Avg
43.88%
3Y Avg
42.30%
5Y Avg
41.61%
Market Cap
$69.81B
Gross Margin
59.02%
TTM Avg
59.49%
3Y Avg
58.60%
5Y Avg
56.44%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Honeywell International Inc. (HON) | $76.00B | 37.59% | 37.06% | 37.50% | 36.43% |
| Canadian National Railway Company (CNI)vs › | $76.91B | 44.21% | 42.87% | 42.87% | 42.52% |
| Northrop Grumman Corporation (NOC)vs › | $74.89B | 20.06% | 20.09% | 19.32% | 19.66% |
| Norfolk Southern Corporation (NSC)vs › | $74.46B | 42.43% | 36.74% | 33.43% | 34.60% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $77.90B | 46.67% | 52.01% | 51.86% | 53.71% |
| FedEx Corporation (FDX)vs › | $72.51B | 22.90% | 21.69% | 21.56% | 21.51% |
| Illinois Tool Works Inc. (ITW)vs › | $82.01B | 44.16% | 43.88% | 42.30% | 41.61% |
| PACCAR Inc (PCAR)vs › | $69.86B | 14.86% | 18.08% | 19.00% | 18.78% |
| TransDigm Group Incorporated (TDG)vs › | $69.81B | 59.02% | 59.49% | 58.60% | 56.44% |
| Cintas Corporation (CTAS)vs › | $82.80B | 50.67% | 50.29% | 49.19% | 48.26% |
Gross Margin
37.6%
(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 | 37.59% |
| 2026-03-31 | 38.71% |
| 2025-12-31 | 36.06% |
| 2025-09-30 | 34.08% |
| 2025-06-30 | 38.86% |
| 2025-03-31 | 38.54% |
| 2024-12-31 | 36.38% |
| 2024-09-30 | 38.54% |
| 2024-06-30 | 38.85% |
| 2024-03-31 | 38.68% |
| 2023-12-31 | 34.31% |
| 2023-09-30 | 38.45% |
| 2023-06-30 | 38.49% |
| 2023-03-31 | 37.97% |
| 2022-12-31 | 33.33% |
| 2022-09-30 | 37.50% |
| 2022-06-30 | 36.78% |
| 2022-03-31 | 36.44% |
| 2021-12-31 | 31.43% |
| 2021-09-30 | 32.18% |
| 2021-06-30 | 31.85% |
| 2021-03-31 | 32.47% |
| 2020-12-31 | 32.85% |
| 2020-09-30 | 30.96% |
| 2020-06-30 | 29.44% |
| 2020-03-31 | 34.61% |
| 2019-12-31 | 33.36% |
| 2019-09-30 | 33.55% |
| 2019-06-30 | 34.07% |
| 2019-03-31 | 33.82% |
| 2018-12-31 | 31.29% |
| 2018-09-30 | 29.79% |
| 2018-06-30 | 30.27% |
| 2018-03-31 | 30.80% |
| 2017-12-31 | 30.87% |
| 2017-09-30 | 30.30% |
| 2017-06-30 | 30.30% |
| 2017-03-31 | 31.22% |
| 2016-12-31 | 31.11% |
| 2016-09-30 | 29.59% |
| 2016-06-30 | 31.73% |
| 2016-03-31 | 31.24% |
| 2015-12-31 | 30.71% |
| 2015-09-30 | 30.77% |
| 2015-06-30 | 30.29% |
| 2015-03-31 | 30.95% |
| 2014-12-31 | 26.30% |
| 2014-09-30 | 29.48% |
| 2014-06-30 | 28.84% |
| 2014-03-31 | 28.02% |
| 2013-12-31 | 26.72% |
| 2013-09-30 | 28.04% |
| 2013-06-30 | 27.50% |
| 2013-03-31 | 27.28% |
| 2012-12-31 | 19.83% |
| 2012-09-30 | 27.12% |
| 2012-06-30 | 26.63% |
| 2012-03-31 | 26.08% |
| 2011-12-31 | 10.96% |
| 2011-09-30 | 24.36% |
| 2011-06-30 | 26.66% |
| 2011-03-31 | 25.92% |
| 2010-12-31 | 25.02% |
| 2010-09-30 | 24.19% |
| 2010-06-30 | 24.72% |
| 2010-03-31 | 24.67% |
| 2009-12-31 | 26.29% |
| 2009-09-30 | 24.71% |
| 2009-06-30 | 24.90% |
| 2009-03-31 | 23.96% |
| 2008-12-31 | 25.13% |
| 2008-09-30 | 19.40% |
| 2008-06-30 | 24.30% |
| 2008-03-31 | 24.99% |
| 2007-12-31 | 24.39% |
| 2007-09-30 | 23.92% |
| 2007-06-30 | 23.98% |
| 2007-03-31 | 23.52% |
| 2006-12-31 | 23.18% |
| 2006-09-30 | 23.15% |
| 2006-06-30 | 23.69% |
| 2006-03-31 | 22.66% |
| 2005-12-31 | 23.09% |
| 2005-09-30 | 23.16% |
| 2005-06-30 | 21.70% |
| 2005-03-31 | 21.20% |
| 2004-12-31 | 19.58% |
| 2004-09-30 | 20.45% |
| 2004-06-30 | 18.16% |
| 2004-03-31 | 20.20% |
| 2003-12-31 | 19.64% |
| 2003-09-30 | 21.83% |
| 2003-06-30 | 21.48% |
| 2003-03-31 | 21.47% |
| 2002-12-31 | 17.47% |
| 2002-09-30 | 23.94% |
