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 26.52% is 10% below its 5-year average of 29.63%, near the low end of its 5-year range (26.18%–38.42%).
As of the fiscal period ended Tuesday, March 31, 2026. 4.92% below its 12-month average of 27.89%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
26.52%
GROSS MARGIN AVG TTM
27.89%
GROSS MARGIN AVG 3Y
27.82%
GROSS MARGIN AVG 5Y
29.19%
GROSS MARGIN AVG 10Y
30.12%
GROSS MARGIN AVG 15Y
32.82%
GROSS MARGIN AVG 20Y
35.07%
CURRENT VS TTM AVG
-4.92%
CURRENT VS 3Y AVG
-4.66%
CURRENT VS 5Y AVG
-9.13%
CURRENT VS 10Y AVG
-11.95%
CURRENT VS 15Y AVG
-19.20%
CURRENT VS 20Y AVG
-24.38%
SECTOR MEDIAN · HEALTHCARE
58.51%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-54.67%
vs the sector median at left
Labcorp Holdings Inc.
Market Cap
$25.77B
Gross Margin
26.52%
TTM Avg
27.89%
3Y Avg
27.82%
5Y Avg
29.19%
Market Cap
$26.04B
Gross Margin
33.15%
TTM Avg
32.39%
3Y Avg
33.17%
5Y Avg
35.04%
Market Cap
$23.72B
Gross Margin
36.77%
TTM Avg
35.27%
3Y Avg
37.10%
5Y Avg
37.60%
Market Cap
$28.06B
Gross Margin
57.79%
TTM Avg
57.84%
3Y Avg
57.54%
5Y Avg
57.23%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Labcorp Holdings Inc. (LH) | $25.77B | 26.52% | 27.89% | 27.82% | 29.19% |
| Incyte Corporation (INCY)vs › | $25.96B | 92.62% | 92.70% | 93.10% | 93.74% |
| Quest Diagnostics Incorporated (DGX)vs › | $26.04B | 33.15% | 32.39% | 33.17% | 35.04% |
| Waters Corporation (WAT)vs › | $25.02B | 55.02% | 58.60% | 58.69% | 58.45% |
| West Pharmaceutical Services, Inc. (WST)vs › | $23.72B | 36.77% | 35.27% | 37.10% | 37.60% |
| Mettler-Toledo International Inc. (MTD)vs › | $28.06B | 57.79% | 57.84% | 57.54% | 57.23% |
| BioNTech SE (BNTX)vs › | $23.38B | 73.26% | 78.98% | 81.24% | 82.89% |
| DexCom, Inc. (DXCM)vs › | $28.88B | 61.84% | 60.23% | 62.09% | 63.91% |
| STERIS plc (STE)vs › | $22.45B | 44.25% | 44.13% | 43.77% | 43.82% |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.16B | 42.55% | 40.85% | 40.34% | 40.27% |
Gross Margin
26.5%
(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 |
|---|---|
| 2026-03-31 | 26.52% |
| 2025-12-31 | 26.18% |
| 2025-09-30 | 28.77% |
| 2025-06-30 | 29.66% |
| 2025-03-31 | 28.34% |
| 2024-12-31 | 26.92% |
| 2024-09-30 | 27.56% |
| 2024-06-30 | 28.76% |
| 2024-03-31 | 28.25% |
| 2023-12-31 | 27.08% |
| 2023-09-30 | 27.85% |
| 2023-06-30 | 27.76% |
| 2023-03-31 | 27.98% |
| 2022-12-31 | 26.39% |
| 2022-09-30 | 30.91% |
| 2022-06-30 | 32.24% |
| 2022-03-31 | 31.62% |
| 2021-12-31 | 33.90% |
| 2021-09-30 | 34.10% |
| 2021-06-30 | 32.93% |
| 2021-03-31 | 38.42% |
| 2020-12-31 | 42.43% |
| 2020-09-30 | 40.02% |
| 2020-06-30 | 27.47% |
| 2020-03-31 | 25.78% |
| 2019-12-31 | 27.79% |
| 2019-09-30 | 27.91% |
| 2019-06-30 | 28.62% |
| 2019-03-31 | 28.29% |
| 2018-12-31 | 27.71% |
| 2018-09-30 | 27.90% |
| 2018-06-30 | 29.14% |
| 2018-03-31 | 27.35% |
| 2017-12-31 | 32.75% |
| 2017-09-30 | 33.25% |
| 2017-06-30 | 33.89% |
| 2017-03-31 | 32.84% |
| 2016-12-31 | 32.45% |
| 2016-09-30 | 32.65% |
| 2016-06-30 | 34.01% |
| 2016-03-31 | 32.83% |
| 2015-12-31 | 32.20% |
| 2015-09-30 | 32.92% |
| 2015-06-30 | 34.14% |
| 2015-03-31 | 33.24% |
| 2014-12-31 | 36.13% |
| 2014-09-30 | 36.81% |
| 2014-06-30 | 37.50% |
| 2014-03-31 | 36.12% |
| 2013-12-31 | 36.61% |
| 2013-09-30 | 37.45% |
| 2013-06-30 | 39.32% |
| 2013-03-31 | 39.71% |
| 2012-12-31 | 38.28% |
| 2012-09-30 | 39.18% |
| 2012-06-30 | 40.71% |
| 2012-03-31 | 40.48% |
| 2011-12-31 | 40.23% |
| 2011-09-30 | 40.48% |
| 2011-06-30 | 41.92% |
| 2011-03-31 | 41.54% |
| 2010-12-31 | 40.88% |
| 2010-09-30 | 41.34% |
| 2010-06-30 | 43.09% |
| 2010-03-31 | 42.47% |
| 2009-12-31 | 40.85% |
| 2009-09-30 | 42.03% |
| 2009-06-30 | 42.68% |
| 2009-03-31 | 42.35% |
| 2008-12-31 | 40.20% |
| 2008-09-30 | 40.67% |
| 2008-06-30 | 42.85% |
| 2008-03-31 | 42.65% |
| 2007-12-31 | 40.31% |
| 2007-09-30 | 41.36% |
| 2007-08-01 | 42.37% |
| 2007-03-31 | 42.22% |
| 2006-12-31 | 42.18% |
| 2006-09-30 | 42.30% |
| 2006-06-30 | 43.47% |
| 2006-03-31 | 42.42% |
| 2005-12-31 | 40.44% |
| 2005-09-30 | 41.58% |
| 2005-06-30 | 42.76% |
| 2005-03-31 | 42.34% |
| 2004-12-31 | 39.93% |
| 2004-09-30 | 41.70% |
| 2004-06-30 | 43.31% |
| 2004-03-31 | 42.21% |
| 2003-12-31 | 41.11% |
| 2003-09-30 | 41.34% |
| 2003-06-30 | 42.56% |
| 2003-03-31 | 41.63% |
| 2002-12-31 | 39.06% |
| 2002-09-30 | 41.71% |
| 2002-06-30 | 45.12% |
