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 77.72% is in line with its 3-year average of 76.56%, near the high end of its 3-year range (69.69%–79.90%).
As of the fiscal period ended Tuesday, March 31, 2026. 4.85% above its 12-month average of 74.13%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
77.72%
GROSS MARGIN AVG TTM
74.13%
GROSS MARGIN AVG 3Y
77.75%
GROSS MARGIN AVG 5Y
N/A
GROSS MARGIN AVG 10Y
N/A
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+4.85%
CURRENT VS 3Y AVG
-0.03%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
58.69%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
+32.43%
vs the sector median at left
Shoulder Innovations, Inc.
Market Cap
$468.68M
Gross Margin
77.72%
TTM Avg
74.13%
3Y Avg
77.75%
5Y Avg
N/A
Market Cap
$1.26B
Gross Margin
73.53%
TTM Avg
70.13%
3Y Avg
70.04%
5Y Avg
68.74%
Market Cap
$2.64B
Gross Margin
58.69%
TTM Avg
59.64%
3Y Avg
63.22%
5Y Avg
64.62%
Market Cap
$2.76B
Gross Margin
48.93%
TTM Avg
50.81%
3Y Avg
52.12%
5Y Avg
52.25%
Market Cap
$7.06B
Gross Margin
67.64%
TTM Avg
76.65%
3Y Avg
78.21%
5Y Avg
76.94%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shoulder Innovations, Inc. (SI) | $468.68M | 77.72% | 74.13% | 77.75% | N/A |
| NRC Health (NRC)vs › | $440.37M | 56.33% | 58.27% | 60.30% | 61.48% |
| 23andMe Holding Co. (ME)vs › | $15.31M | 53.33% | 48.95% | 47.93% | 47.45% |
| Teladoc Health, Inc. (TDOC)vs › | $1.26B | 73.53% | 70.13% | 70.04% | 68.74% |
| TransMedics Group, Inc. (TMDX)vs › | $2.64B | 58.69% | 59.64% | 63.22% | 64.62% |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $2.76B | 48.93% | 50.81% | 52.12% | 52.25% |
| Hims & Hers Health, Inc. (HIMS)vs › | $7.06B | 67.64% | 76.65% | 78.21% | 76.94% |
| Oscar Health, Inc. (OSCR)vs › | $7.81B | 17.39% | 17.24% | 38.82% | 59.22% |
| Tempus AI, Inc. (TEM)vs › | $8.18B | 63.98% | 62.30% | 54.75% | 44.45% |
| Insulet Corp. (PODD)vs › | $9.23B | 71.08% | 70.71% | 67.87% | 67.39% |
Gross Margin
77.7%
(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 | 77.72% |
| 2025-12-31 | 76.70% |
| 2025-09-30 | 76.22% |
| 2025-06-30 | 69.69% |
| 2025-03-31 | 70.30% |
| 2024-12-31 | 77.57% |
| 2024-09-30 | 76.48% |
| 2024-06-30 | 76.92% |
| 2024-03-31 | 76.81% |
| 2023-12-31 | 79.46% |
| 2023-09-30 | 79.18% |
| 2023-06-30 | 78.27% |
| 2023-03-31 | 79.90% |
