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 38.35% is in line with its 5-year average of 41.64%, around the middle of its 5-year range (18.24%–49.02%).
0.52% above its 12-month average of 38.15%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 40.39%.
GROSS MARGIN
38.35%
GROSS MARGIN AVG TTM
38.15%
GROSS MARGIN AVG 3Y
38.30%
GROSS MARGIN AVG 5Y
41.64%
GROSS MARGIN AVG 10Y
45.84%
GROSS MARGIN AVG 15Y
48.98%
GROSS MARGIN AVG 20Y
47.78%
CURRENT VS TTM AVG
+0.52%
CURRENT VS 3Y AVG
+0.14%
CURRENT VS 5Y AVG
-7.91%
CURRENT VS 10Y AVG
-16.33%
CURRENT VS 15Y AVG
-21.70%
CURRENT VS 20Y AVG
-19.73%
SECTOR MEDIAN · TECHNOLOGY
48.66%
median of 562 covered companies
CURRENT VS SECTOR MEDIAN
-21.19%
vs the sector median at left
IPG Photonics Corporation
Market Cap
$3.53B
Gross Margin
38.35%
TTM Avg
38.15%
3Y Avg
38.30%
5Y Avg
41.64%
Market Cap
$3.51B
Gross Margin
35.91%
TTM Avg
31.69%
3Y Avg
28.45%
5Y Avg
26.22%
Market Cap
$3.39B
Gross Margin
37.81%
TTM Avg
41.17%
3Y Avg
41.46%
5Y Avg
41.69%
Market Cap
$3.69B
Gross Margin
75.33%
TTM Avg
76.69%
3Y Avg
77.29%
5Y Avg
78.08%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| IPG Photonics Corporation (IPGP) | $3.53B | 38.35% | 38.15% | 38.30% | 41.64% |
| Shift4 Payments, Inc. (FOUR)vs › | $3.51B | 35.91% | 31.69% | 28.45% | 26.22% |
| monday.com Ltd. (MNDY)vs › | $3.60B | 88.74% | 89.27% | 88.66% | 88.01% |
| Cohu, Inc. (COHU)vs › | $3.42B | 39.20% | 39.61% | 43.48% | 43.50% |
| Veeco Instruments Inc. (VECO)vs › | $3.39B | 37.81% | 41.17% | 41.46% | 41.69% |
| Universal Display Corporation (OLED)vs › | $3.69B | 75.33% | 76.69% | 77.29% | 78.08% |
| Life360, Inc. (LIF)vs › | $3.35B | 77.59% | 76.48% | 72.79% | 75.31% |
| OSI Systems, Inc. (OSIS)vs › | $3.27B | 33.21% | 33.74% | 33.91% | 34.68% |
| Ouster, Inc. (OUST)vs › | $3.26B | 49.60% | 42.84% | 30.98% | 26.50% |
| Wix.com Ltd. (WIX)vs › | $3.81B | 66.64% | 68.00% | 66.31% | 65.83% |
Gross Margin
38.4%
(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 | 40.39% |
| 2026-03-31 | 37.48% |
| 2025-12-31 | 36.10% |
| 2025-09-30 | 39.48% |
| 2025-06-30 | 37.32% |
| 2025-03-31 | 39.43% |
| 2024-12-31 | 38.55% |
| 2024-09-30 | 23.20% |
| 2024-06-30 | 37.33% |
| 2024-03-31 | 38.70% |
| 2023-12-31 | 38.20% |
| 2023-09-30 | 44.09% |
| 2023-06-30 | 43.44% |
| 2023-03-31 | 42.32% |
| 2022-12-31 | 18.24% |
| 2022-09-30 | 43.10% |
| 2022-06-30 | 45.71% |
| 2022-03-31 | 46.44% |
| 2021-12-31 | 45.55% |
| 2021-09-30 | 49.02% |
| 2021-06-30 | 48.57% |
| 2021-03-31 | 47.45% |
| 2020-12-31 | 43.63% |
| 2020-09-30 | 47.98% |
| 2020-06-30 | 46.03% |
| 2020-03-31 | 41.28% |
| 2019-12-31 | 40.51% |
| 2019-09-30 | 46.44% |
| 2019-06-30 | 49.55% |
| 2019-03-31 | 47.27% |
| 2018-12-31 | 50.52% |
| 2018-09-30 | 54.77% |
| 2018-06-30 | 56.81% |
| 2018-03-31 | 56.51% |
| 2017-12-31 | 57.83% |
| 2017-09-30 | 57.19% |
| 2017-06-30 | 55.85% |
| 2017-03-31 | 55.02% |
| 2016-12-31 | 55.45% |
| 2016-09-30 | 54.43% |
| 2016-06-30 | 54.47% |
| 2016-03-31 | 55.20% |
| 2015-12-31 | 54.57% |
| 2015-09-30 | 54.74% |
| 2015-06-30 | 54.74% |
| 2015-03-31 | 54.20% |
| 2014-12-31 | 54.93% |
| 2014-09-30 | 54.64% |
| 2014-06-30 | 54.23% |
| 2014-03-31 | 52.34% |
| 2013-12-31 | 49.15% |
| 2013-09-30 | 53.91% |
| 2013-06-30 | 53.47% |
| 2013-03-31 | 53.32% |
| 2012-12-31 | 51.83% |
| 2012-09-30 | 54.97% |
| 2012-06-30 | 54.31% |
| 2012-03-31 | 55.75% |
| 2011-12-31 | 53.77% |
| 2011-09-30 | 54.59% |
| 2011-06-30 | 54.71% |
| 2011-03-31 | 53.69% |
| 2010-12-31 | 54.98% |
| 2010-09-30 | 50.03% |
| 2010-06-30 | 45.29% |
| 2010-03-31 | 40.13% |
| 2009-12-31 | 36.68% |
| 2009-09-30 | 36.51% |
| 2009-06-30 | 29.15% |
| 2009-03-31 | 34.93% |
| 2008-12-31 | 45.59% |
| 2008-09-30 | 47.45% |
| 2008-06-30 | 48.12% |
| 2008-03-31 | 46.15% |
| 2007-12-31 | 42.91% |
| 2007-09-30 | 45.31% |
| 2007-06-30 | 46.23% |
| 2007-03-31 | 46.30% |
| 2006-12-31 | 47.86% |
| 2006-09-30 | 47.89% |
| 2006-06-30 | 39.75% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 100.00% |
| 2005-09-30 | 100.00% |
| 2005-06-30 | 100.00% |
| 2005-03-31 | 100.00% |
| 2004-12-31 | 100.00% |
| 2004-09-30 | 100.00% |
| 2004-06-30 | 100.00% |
| 2004-03-31 | 100.00% |
