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 34.48% is 11% below its 5-year average of 38.92%, near the low end of its 5-year range (32.40%–49.65%).
As of the fiscal period ended Tuesday, June 30, 2026. 19.38% below its 12-month average of 42.77%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
34.48%
GROSS MARGIN AVG TTM
42.77%
GROSS MARGIN AVG 3Y
39.34%
GROSS MARGIN AVG 5Y
38.92%
GROSS MARGIN AVG 10Y
45.27%
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-19.38%
CURRENT VS 3Y AVG
-12.33%
CURRENT VS 5Y AVG
-11.41%
CURRENT VS 10Y AVG
-23.83%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER CYCLICAL
38.34%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
-10.06%
vs the sector median at left
Restaurant Brands International Inc.
Market Cap
$27.02B
Gross Margin
34.48%
TTM Avg
42.77%
3Y Avg
39.34%
5Y Avg
38.92%
Market Cap
$26.88B
Gross Margin
47.19%
TTM Avg
46.15%
3Y Avg
45.07%
5Y Avg
44.33%
Market Cap
$27.84B
Gross Margin
24.61%
TTM Avg
24.07%
3Y Avg
22.76%
5Y Avg
23.24%
Market Cap
$28.38B
Gross Margin
50.89%
TTM Avg
49.33%
3Y Avg
47.16%
5Y Avg
42.42%
Market Cap
$24.60B
Gross Margin
17.98%
TTM Avg
19.63%
3Y Avg
22.18%
5Y Avg
24.14%
Market Cap
$24.55B
Gross Margin
69.43%
TTM Avg
69.43%
3Y Avg
37.56%
5Y Avg
30.70%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Restaurant Brands International Inc. (QSR) | $27.02B | 34.48% | 42.77% | 39.34% | 38.92% |
| Williams-Sonoma, Inc. (WSM)vs › | $26.88B | 47.19% | 46.15% | 45.07% | 44.33% |
| SharkNinja, Inc. (SN)vs › | $27.24B | 48.74% | 48.58% | 44.99% | 44.01% |
| Casey's General Stores, Inc. (CASY)vs › | $27.84B | 24.61% | 24.07% | 22.76% | 23.24% |
| Las Vegas Sands Corp. (LVS)vs › | $28.38B | 50.89% | 49.33% | 47.16% | 42.42% |
| Tapestry, Inc. (TPR)vs › | $24.93B | 77.82% | 76.63% | 74.33% | 72.99% |
| Smurfit Westrock plc (SW)vs › | $24.60B | 17.98% | 19.63% | 22.18% | 24.14% |
| Darden Restaurants, Inc. (DRI)vs › | $24.55B | 69.43% | 69.43% | 37.56% | 30.70% |
| PulteGroup, Inc. (PHM)vs › | $24.38B | 24.46% | 27.75% | 28.77% | 27.96% |
| Ulta Beauty, Inc. (ULTA)vs › | $23.09B | 39.32% | 38.97% | 39.01% | 39.14% |
Gross Margin
34.5%
(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 |
|---|---|
| 2026-06-30 | 34.48% |
| 2026-03-31 | 49.65% |
| 2025-12-31 | 47.53% |
| 2025-09-30 | 48.39% |
| 2025-06-30 | 33.82% |
| 2025-03-31 | 33.38% |
| 2024-12-31 | 32.40% |
| 2024-09-30 | 34.83% |
| 2024-06-30 | 37.79% |
| 2024-03-31 | 40.02% |
| 2023-12-31 | 36.98% |
| 2023-09-30 | 41.48% |
| 2023-06-30 | 40.62% |
| 2023-03-31 | 40.63% |
| 2022-12-31 | 38.43% |
| 2022-09-30 | 40.44% |
| 2022-06-30 | 40.94% |
| 2022-03-31 | 39.97% |
| 2021-12-31 | 40.88% |
| 2021-09-30 | 42.74% |
| 2021-06-30 | 42.21% |
| 2021-03-31 | 40.16% |
| 2020-12-31 | 56.26% |
| 2020-09-30 | 43.75% |
| 2020-06-30 | 35.69% |
| 2020-03-31 | 38.94% |
| 2019-12-31 | 58.22% |
| 2019-09-30 | 58.30% |
| 2019-06-30 | 58.00% |
| 2019-03-31 | 57.42% |
| 2018-12-31 | 58.27% |
| 2018-09-30 | 58.04% |
| 2018-06-30 | 58.90% |
| 2018-03-31 | 57.50% |
| 2017-12-31 | 50.75% |
| 2017-09-30 | 49.38% |
| 2017-06-30 | 49.33% |
| 2017-03-31 | 46.59% |
| 2016-12-31 | 48.52% |
| 2016-09-30 | 47.30% |
| 2016-06-30 | 47.14% |
| 2016-03-31 | 46.39% |
| 2015-12-31 | 43.91% |
| 2015-09-30 | 44.98% |
| 2015-06-30 | 42.77% |
| 2015-03-31 | 39.75% |
| 2014-12-31 | 58.88% |
| 2014-09-30 | 79.24% |
| 2014-06-30 | 80.32% |
| 2014-03-31 | 78.04% |
| 2013-12-31 | 78.66% |
| 2013-09-30 | 76.95% |
| 2013-06-30 | 70.07% |
| 2013-03-31 | 55.94% |
| 2012-12-31 | 53.94% |
