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 4.20% is in line with its 5-year average of 4.08%, around the middle of its 5-year range (3.22%–5.34%).
As of the fiscal period ended Tuesday, March 31, 2026. 18.82% above its 12-month average of 3.53%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
4.20%
GROSS MARGIN AVG TTM
3.53%
GROSS MARGIN AVG 3Y
3.64%
GROSS MARGIN AVG 5Y
4.08%
GROSS MARGIN AVG 10Y
4.59%
GROSS MARGIN AVG 15Y
5.02%
GROSS MARGIN AVG 20Y
5.01%
CURRENT VS TTM AVG
+18.82%
CURRENT VS 3Y AVG
+15.27%
CURRENT VS 5Y AVG
+3.02%
CURRENT VS 10Y AVG
-8.60%
CURRENT VS 15Y AVG
-16.33%
CURRENT VS 20Y AVG
-16.11%
SECTOR MEDIAN · HEALTHCARE
59.09%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-92.89%
vs the sector median at left
Market Cap
$88.03B
Gross Margin
41.50%
TTM Avg
41.06%
3Y Avg
39.99%
5Y Avg
47.00%
Market Cap
$83.01B
Gross Margin
25.56%
TTM Avg
26.70%
3Y Avg
26.59%
5Y Avg
26.68%
Market Cap
$78.22B
Gross Margin
84.86%
TTM Avg
85.74%
3Y Avg
85.09%
5Y Avg
84.57%
Market Cap
$119.48B
Gross Margin
86.28%
TTM Avg
85.57%
3Y Avg
86.56%
5Y Avg
87.08%
Market Cap
$71.98B
Gross Margin
71.16%
TTM Avg
65.16%
3Y Avg
63.29%
5Y Avg
62.03%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| McKesson Corporation (MCK) | $96.59B | 4.20% | 3.53% | 3.64% | 4.08% |
| GSK plc (GSK)vs › | $103.20B | 72.67% | 71.78% | 70.69% | 69.52% |
| HCA Healthcare, Inc. (HCA)vs › | $88.03B | 41.50% | 41.06% | 39.99% | 47.00% |
| Elevance Health Inc. (ELV)vs › | $83.01B | 25.56% | 26.70% | 26.59% | 26.68% |
| Medtronic plc (MDT)vs › | $110.95B | 65.02% | 65.17% | 65.34% | 65.75% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $78.22B | 84.86% | 85.74% | 85.09% | 84.57% |
| Cigna Corporation (CI)vs › | $74.53B | 11.66% | 9.98% | 11.47% | 12.36% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $119.48B | 86.28% | 85.57% | 86.56% | 87.08% |
| Boston Scientific Corporation (BSX)vs › | $71.98B | 71.16% | 65.16% | 63.29% | 62.03% |
| Stryker Corporation (SYK)vs › | $130.80B | 65.17% | 62.91% | 61.66% | 61.70% |
Gross Margin
4.2%
(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 |
|---|---|
| 2026-03-31 | 4.20% |
| 2025-12-31 | 3.47% |
| 2025-09-30 | 3.43% |
| 2025-06-30 | 3.35% |
| 2025-03-31 | 3.22% |
| 2024-12-31 | 3.38% |
| 2024-09-30 | 3.36% |
| 2024-06-30 | 3.73% |
| 2024-03-31 | 4.54% |
| 2023-12-31 | 3.75% |
| 2023-09-30 | 3.75% |
| 2023-06-30 | 3.77% |
| 2023-03-31 | 4.31% |
| 2022-12-31 | 4.20% |
| 2022-09-30 | 4.29% |
| 2022-06-30 | 4.37% |
| 2022-03-31 | 4.87% |
| 2021-12-31 | 4.82% |
| 2021-09-30 | 4.84% |
| 2021-06-30 | 4.62% |
| 2021-03-31 | 5.34% |
| 2020-12-31 | 4.80% |
| 2020-09-30 | 4.70% |
| 2020-06-30 | 4.59% |
| 2020-03-31 | 5.30% |
| 2019-12-31 | 4.93% |
| 2019-09-30 | 4.77% |
| 2019-06-30 | 4.80% |
| 2019-03-31 | 5.54% |
| 2018-12-31 | 4.88% |
| 2018-09-30 | 5.06% |
| 2018-06-30 | 4.98% |
| 2018-03-31 | 5.55% |
| 2017-12-31 | 4.70% |
| 2017-09-30 | 5.20% |
| 2017-06-30 | 4.78% |
| 2017-03-31 | 5.52% |
| 2016-12-31 | 5.41% |
| 2016-09-30 | 5.29% |
| 2016-06-30 | 5.85% |
| 2016-03-31 | 6.11% |
| 2015-12-31 | 6.00% |
| 2015-09-30 | 5.83% |
| 2015-06-30 | 5.99% |
| 2015-03-31 | 6.49% |
| 2014-12-31 | 6.26% |
| 2014-09-30 | 6.53% |
| 2014-06-30 | 6.35% |
| 2014-03-31 | 6.66% |
| 2013-12-31 | 5.36% |
| 2013-09-30 | 6.10% |
| 2013-06-30 | 5.96% |
| 2013-03-31 | 6.52% |
| 2012-12-31 | 5.35% |
| 2012-09-30 | 5.76% |
| 2012-06-30 | 5.20% |
| 2012-03-31 | 5.82% |
| 2011-12-31 | 5.08% |
| 2011-09-30 | 5.45% |
| 2011-06-30 | 5.03% |
| 2011-03-31 | 6.07% |
| 2010-12-31 | 5.17% |
| 2010-09-30 | 4.96% |
| 2010-06-30 | 5.07% |
| 2010-03-31 | 5.94% |
| 2009-12-31 | 5.15% |
| 2009-09-30 | 4.92% |
| 2009-06-30 | 4.89% |
| 2009-03-31 | 5.59% |
| 2008-12-31 | 4.95% |
| 2008-09-30 | 4.90% |
| 2008-06-30 | 4.75% |
| 2008-03-31 | 5.52% |
| 2007-12-31 | 4.54% |
| 2007-09-30 | 4.83% |
| 2007-06-30 | 4.80% |
| 2007-03-31 | 5.18% |
| 2006-12-31 | 4.59% |
| 2006-09-30 | 4.57% |
| 2006-06-30 | 4.33% |
| 2006-03-31 | 4.65% |
| 2005-12-31 | 4.35% |
| 2005-09-30 | 4.14% |
| 2005-06-30 | 4.39% |
| 2005-03-31 | 5.03% |
| 2004-12-31 | 4.04% |
| 2004-09-30 | 3.69% |
| 2004-06-30 | 4.44% |
| 2004-03-31 | 5.11% |
| 2003-12-31 | 90.40% |
| 2003-09-30 | 4.83% |
| 2003-06-30 | 4.76% |
| 2003-03-31 | 5.94% |
| 2002-12-31 | 4.88% |
| 2002-09-30 | 5.40% |
| 2002-06-30 | 5.52% |
