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 40.09% is in line with its 5-year average of 39.63%, around the middle of its 5-year range (34.87%–43.28%).
0.93% below its 12-month average of 40.47%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 40.22%.
GROSS MARGIN
40.09%
GROSS MARGIN AVG TTM
40.47%
GROSS MARGIN AVG 3Y
41.61%
GROSS MARGIN AVG 5Y
39.63%
GROSS MARGIN AVG 10Y
41.82%
GROSS MARGIN AVG 15Y
41.82%
GROSS MARGIN AVG 20Y
40.72%
CURRENT VS TTM AVG
-0.93%
CURRENT VS 3Y AVG
-3.66%
CURRENT VS 5Y AVG
+1.16%
CURRENT VS 10Y AVG
-4.15%
CURRENT VS 15Y AVG
-4.14%
CURRENT VS 20Y AVG
-1.55%
SECTOR MEDIAN · BASIC MATERIALS
34.36%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+16.69%
vs the sector median at left
PPG Industries, Inc.
Market Cap
$23.44B
Gross Margin
40.09%
TTM Avg
40.47%
3Y Avg
41.61%
5Y Avg
39.63%
Market Cap
$21.68B
Gross Margin
37.52%
TTM Avg
36.03%
3Y Avg
34.38%
5Y Avg
35.10%
Market Cap
$20.73B
Gross Margin
13.16%
TTM Avg
10.16%
3Y Avg
11.55%
5Y Avg
12.91%
Market Cap
$20.56B
Gross Margin
42.54%
TTM Avg
36.55%
3Y Avg
41.41%
5Y Avg
37.00%
Market Cap
$20.51B
Gross Margin
29.32%
TTM Avg
29.31%
3Y Avg
38.34%
5Y Avg
36.34%
Market Cap
$20.45B
Gross Margin
26.89%
TTM Avg
27.27%
3Y Avg
28.25%
5Y Avg
28.77%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PPG Industries, Inc. (PPG) | $23.44B | 40.09% | 40.47% | 41.61% | 39.63% |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.68B | 37.52% | 36.03% | 34.38% | 35.10% |
| Royal Gold, Inc. (RGLD)vs › | $21.34B | 66.79% | 77.79% | 81.15% | 77.22% |
| Dow Inc. (DOW)vs › | $21.30B | 9.79% | 8.18% | 10.33% | 12.12% |
| LyondellBasell Industries N.V. (LYB)vs › | $20.73B | 13.16% | 10.16% | 11.55% | 12.91% |
| Coeur Mining, Inc. (CDE)vs › | $20.59B | 39.30% | 39.35% | 28.15% | 30.98% |
| CF Industries Holdings, Inc. (CF)vs › | $20.56B | 42.54% | 36.55% | 41.41% | 37.00% |
| Sociedad Química y Minera de Chile S.A. (SQM)vs › | $20.51B | 29.32% | 29.31% | 38.34% | 36.34% |
| Reliance Steel & Aluminum Co. (RS)vs › | $20.45B | 26.89% | 27.27% | 28.25% | 28.77% |
| Carpenter Technology Corporation (CRS)vs › | $20.21B | 30.58% | 28.64% | 22.92% | 16.65% |
Gross Margin
40.1%
(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 | 40.22% |
| 2026-03-31 | 42.11% |
| 2025-12-31 | 37.40% |
| 2025-09-30 | 40.57% |
| 2025-06-30 | 42.03% |
| 2025-03-31 | 41.86% |
| 2024-12-31 | 34.87% |
| 2024-09-30 | 41.79% |
| 2024-06-30 | 42.15% |
| 2024-03-31 | 43.28% |
| 2023-12-31 | 41.82% |
| 2023-09-30 | 40.74% |
| 2023-06-30 | 41.17% |
| 2023-03-31 | 40.73% |
| 2022-12-31 | 37.32% |
| 2022-09-30 | 36.86% |
| 2022-06-30 | 37.03% |
| 2022-03-31 | 37.37% |
| 2021-12-31 | 35.75% |
| 2021-09-30 | 37.49% |
| 2021-06-30 | 39.69% |
| 2021-03-31 | 42.49% |
| 2020-12-31 | 43.04% |
| 2020-09-30 | 45.02% |
| 2020-06-30 | 43.52% |
| 2020-03-31 | 43.50% |
| 2019-12-31 | 42.51% |
| 2019-09-30 | 43.00% |
| 2019-06-30 | 43.14% |
| 2019-03-31 | 42.80% |
| 2018-12-31 | 39.97% |
| 2018-09-30 | 40.97% |
| 2018-06-30 | 42.41% |
| 2018-03-31 | 42.32% |
| 2017-12-31 | 42.45% |
| 2017-09-30 | 44.28% |
| 2017-06-30 | 45.24% |
| 2017-03-31 | 45.35% |
| 2016-12-31 | 44.10% |
| 2016-09-30 | 45.96% |
| 2016-06-30 | 47.44% |
| 2016-03-31 | 46.73% |
| 2015-12-31 | 43.37% |
| 2015-09-30 | 44.99% |
| 2015-06-30 | 44.32% |
| 2015-03-31 | 43.61% |
| 2014-12-31 | 41.60% |
| 2014-09-30 | 43.35% |
| 2014-06-30 | 43.51% |
| 2014-03-31 | 42.49% |
| 2013-12-31 | 43.06% |
| 2013-09-30 | 42.74% |
| 2013-06-30 | 41.72% |
| 2013-03-31 | 40.09% |
| 2012-12-31 | 39.69% |
| 2012-09-30 | 41.81% |
| 2012-06-30 | 41.44% |
| 2012-03-31 | 41.61% |
| 2011-12-31 | 37.90% |
| 2011-09-30 | 38.87% |
| 2011-06-30 | 39.36% |
| 2011-03-31 | 39.80% |
| 2010-12-31 | 38.27% |
| 2010-09-30 | 39.08% |
| 2010-06-30 | 39.97% |
| 2010-03-31 | 37.81% |
| 2009-12-31 | 37.93% |
| 2009-09-30 | 38.33% |
| 2009-06-30 | 39.07% |
| 2009-03-31 | 38.27% |
| 2008-12-31 | 36.36% |
| 2008-09-30 | 36.07% |
| 2008-06-30 | 36.77% |
| 2008-03-31 | 34.48% |
| 2007-12-31 | 35.77% |
| 2007-09-30 | 36.64% |
| 2007-06-30 | 36.58% |
| 2007-03-31 | 36.28% |
| 2006-12-31 | 34.84% |
| 2006-09-30 | 43.79% |
| 2006-06-30 | 38.14% |
| 2006-03-31 | 35.90% |
| 2005-12-31 | 34.09% |
| 2005-09-30 | 36.63% |
| 2005-06-30 | 37.88% |
| 2005-03-31 | 37.51% |
| 2004-12-31 | 36.71% |
| 2004-09-30 | 37.07% |
| 2004-06-30 | 37.46% |
| 2004-03-31 | 36.48% |
| 2003-12-31 | 37.29% |
| 2003-09-30 | 37.90% |
| 2003-06-30 | 37.28% |
| 2003-03-31 | 35.20% |
| 2002-12-31 | 36.63% |
| 2002-09-30 | 37.57% |
