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 86.22% is in line with its 5-year average of 82.88%, near the high end of its 5-year range (-3047.72%–100.00%).
0.23% above its 12-month average of 86.03%.
Reported quarterly gross margin; no daily interpolation. Q4 FY2025 (2025-08-31): 86.46%.
GROSS MARGIN
86.22%
GROSS MARGIN AVG TTM
86.03%
GROSS MARGIN AVG 3Y
-308.70%
GROSS MARGIN AVG 5Y
82.88%
GROSS MARGIN AVG 10Y
91.13%
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+0.23%
CURRENT VS 3Y AVG
+127.93%
CURRENT VS 5Y AVG
+4.03%
CURRENT VS 10Y AVG
-5.39%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
55.76%
median of 111 covered companies
CURRENT VS SECTOR MEDIAN
+54.63%
vs the sector median at left
Nuveen California Quality Municipal Income Fund
Market Cap
$1.60B
Gross Margin
86.22%
TTM Avg
86.03%
3Y Avg
-308.70%
5Y Avg
82.88%
Market Cap
$2.40B
Gross Margin
86.34%
TTM Avg
158.88%
3Y Avg
148.28%
5Y Avg
127.23%
Market Cap
$733.26M
Gross Margin
57.83%
TTM Avg
42.63%
3Y Avg
55.72%
5Y Avg
66.29%
Market Cap
$718.81M
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$645.95M
Gross Margin
87.06%
TTM Avg
87.03%
3Y Avg
83.31%
5Y Avg
84.77%
Market Cap
$562.76M
Gross Margin
N/A
TTM Avg
85.82%
3Y Avg
122.53%
5Y Avg
114.85%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nuveen California Quality Municipal Income Fund (NAC) | $1.60B | 86.22% | 86.03% | -308.70% | 82.88% |
| Lufax Holding Ltd (LU)vs › | $884.02M | 74.93% | 74.93% | 74.92% | 76.18% |
| Nuveen Quality Municipal Income Fund (NAD)vs › | $2.40B | 86.34% | 158.88% | 148.28% | 127.23% |
| Inter & Co, Inc. (INTR)vs › | $2.42B | 40.40% | 44.49% | 43.95% | 55.77% |
| Washington Trust Bancorp, Inc. (WASH)vs › | $733.26M | 57.83% | 42.63% | 55.72% | 66.29% |
| WisdomTree Artificial Intelligence and Innovation Fund (WTAI)vs › | $718.81M | N/A | N/A | N/A | N/A |
| BlackRock Multi-Sector Income Trust (BIT)vs › | $645.95M | 87.06% | 87.03% | 83.31% | 84.77% |
| Hypoport SE (HYPOF)vs › | $630.67M | 15.50% | 29.28% | 39.55% | 44.73% |
| Nuveen California AMT-Free Quality Municipal Income Fund (NKX)vs › | $562.76M | N/A | 85.82% | 122.53% | 114.85% |
| PIMCO California Municipal Income Fund (PCQ)vs › | $435.59M | 81.07% | 90.53% | -297.61% | -168.35% |
Gross Margin
86.2%
(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 |
|---|---|
| 2025-08-31 | 86.46% |
| 2025-08-31 | 85.96% |
| 2024-08-31 | 100.00% |
| 2024-08-31 | 71.69% |
| 2024-02-29 | 100.00% |
| 2023-08-31 | 82.04% |
| 2023-02-28 | 52.01% |
| 2022-08-31 | -3047.72% |
| 2022-02-28 | 83.95% |
| 2021-08-31 | 84.02% |
| 2021-02-28 | 85.69% |
| 2020-08-31 | 83.22% |
| 2020-02-29 | 86.19% |
| 2019-08-31 | 86.84% |
| 2019-02-28 | 86.62% |
| 2018-08-31 | 100.00% |
| 2018-02-28 | 100.00% |
| 2017-08-31 | 100.00% |
| 2017-02-28 | 100.00% |
| 2016-08-31 | 100.00% |
| 2016-02-29 | 100.00% |
| 2015-08-31 | 100.00% |
| 2015-02-28 | 100.00% |
| 2014-08-31 | 100.00% |
| 2014-02-28 | 100.00% |
| 2013-08-31 | 100.00% |
| 2013-02-28 | 100.00% |
| 2012-08-31 | 100.00% |
