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 75.47% is in line with its 5-year average of 70.22%, near the high end of its 5-year range (66.63%–75.47%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.66% above its 12-month average of 72.81%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
75.47%
GROSS MARGIN AVG TTM
72.81%
GROSS MARGIN AVG 3Y
71.05%
GROSS MARGIN AVG 5Y
70.22%
GROSS MARGIN AVG 10Y
69.08%
GROSS MARGIN AVG 15Y
68.78%
GROSS MARGIN AVG 20Y
69.87%
CURRENT VS TTM AVG
+3.66%
CURRENT VS 3Y AVG
+6.22%
CURRENT VS 5Y AVG
+7.48%
CURRENT VS 10Y AVG
+9.25%
CURRENT VS 15Y AVG
+9.73%
CURRENT VS 20Y AVG
+8.02%
SECTOR MEDIAN · HEALTHCARE
60.23%
median of 88 covered companies
CURRENT VS SECTOR MEDIAN
+25.31%
vs the sector median at left
Market Cap
$90.56B
Gross Margin
41.50%
TTM Avg
41.06%
3Y Avg
39.99%
5Y Avg
47.00%
Market Cap
$125.43B
Gross Margin
65.17%
TTM Avg
62.91%
3Y Avg
61.66%
5Y Avg
61.70%
Market Cap
$86.04B
Gross Margin
25.56%
TTM Avg
26.70%
3Y Avg
26.59%
5Y Avg
26.68%
Market Cap
$131.04B
Gross Margin
66.68%
TTM Avg
66.73%
3Y Avg
66.82%
5Y Avg
67.04%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Sanofi (SNY) | $107.47B | 75.47% | 72.81% | 71.05% | 70.22% |
| McKesson Corporation (MCK)vs › | $104.87B | 3.64% | 3.54% | 3.83% | 4.16% |
| GSK plc (GSK)vs › | $100.54B | 72.71% | 71.78% | 70.69% | 69.52% |
| Medtronic plc (MDT)vs › | $116.60B | 65.02% | 65.17% | 65.34% | 65.75% |
| CVS Health Corp. (CVS)vs › | $119.16B | 14.15% | 13.78% | 14.92% | 15.96% |
| HCA Healthcare, Inc. (HCA)vs › | $90.56B | 41.50% | 41.06% | 39.99% | 47.00% |
| Stryker Corporation (SYK)vs › | $125.43B | 65.17% | 62.91% | 61.66% | 61.70% |
| Elevance Health Inc. (ELV)vs › | $86.04B | 25.56% | 26.70% | 26.59% | 26.68% |
| Intuitive Surgical, Inc. (ISRG)vs › | $131.04B | 66.68% | 66.73% | 66.82% | 67.04% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $81.51B | 84.86% | 85.74% | 85.09% | 84.57% |
Gross Margin
75.5%
(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 | 75.47% |
| 2026-03-31 | 72.09% |
| 2025-12-31 | 70.26% |
| 2025-09-30 | 74.09% |
| 2025-06-30 | 72.13% |
| 2025-03-31 | 72.76% |
| 2024-12-31 | 70.24% |
| 2024-09-30 | 71.15% |
| 2024-06-30 | 70.04% |
| 2024-03-31 | 69.47% |
| 2023-12-31 | 66.82% |
| 2023-09-30 | 69.75% |
| 2023-06-30 | 69.41% |
| 2023-03-31 | 71.66% |
| 2022-12-31 | 67.41% |
| 2022-09-30 | 70.84% |
| 2022-06-30 | 69.74% |
| 2022-03-31 | 71.35% |
| 2021-12-31 | 66.63% |
| 2021-09-30 | 70.09% |
| 2021-06-30 | 68.41% |
| 2021-03-31 | 69.80% |
| 2020-12-31 | 64.67% |
| 2020-09-30 | 67.85% |
| 2020-06-30 | 68.26% |
| 2020-03-31 | 69.25% |
| 2019-12-31 | 65.49% |
| 2019-09-30 | 68.41% |
| 2019-06-30 | 69.19% |
| 2019-03-31 | 69.95% |
| 2018-12-31 | 66.35% |
| 2018-09-30 | 68.88% |
| 2018-06-30 | 67.93% |
| 2018-03-31 | 68.68% |
| 2017-12-31 | 65.62% |
| 2017-09-30 | 69.63% |
| 2017-06-30 | 67.70% |
| 2017-03-31 | 68.70% |
| 2016-12-31 | 67.79% |
| 2016-09-30 | 70.13% |
| 2016-06-30 | 69.63% |
| 2016-03-31 | 69.13% |
| 2015-12-31 | 67.83% |
| 2015-09-30 | 69.03% |
| 2015-06-30 | 69.16% |
| 2015-03-31 | 68.78% |
| 2014-12-31 | 66.84% |
| 2014-09-30 | 67.70% |
| 2014-06-30 | 67.98% |
| 2014-03-31 | 68.25% |
| 2013-12-31 | 66.04% |
| 2013-09-30 | 66.29% |
| 2013-06-30 | 66.94% |
| 2013-03-31 | 68.76% |
| 2012-12-31 | 66.82% |
| 2012-09-30 | 68.83% |
| 2012-06-30 | 70.08% |
| 2012-03-31 | 70.66% |
| 2011-12-31 | 68.70% |
| 2011-09-30 | 68.44% |
| 2011-06-30 | 67.51% |
| 2011-03-31 | 71.14% |
| 2010-12-31 | 70.35% |
| 2010-09-30 | 72.20% |
| 2010-06-30 | 74.68% |
| 2010-03-31 | 73.88% |
| 2009-12-31 | 71.11% |
| 2009-09-30 | 73.91% |
| 2009-06-30 | 76.25% |
| 2009-03-31 | 76.29% |
| 2008-12-31 | 74.13% |
| 2008-09-30 | 74.98% |
| 2008-06-30 | 74.54% |
| 2008-03-31 | 100.00% |
| 2007-12-31 | 100.00% |
| 2007-09-30 | 100.00% |
| 2007-06-30 | 74.74% |
| 2007-03-31 | 100.00% |
| 2006-12-31 | 100.00% |
| 2006-09-30 | 100.00% |
| 2006-06-30 | 74.53% |
| 2006-03-31 | 74.43% |
| 2005-12-31 | 74.08% |
| 2005-09-30 | 73.77% |
| 2005-06-30 | 72.96% |
| 2005-03-31 | 74.52% |
| 2004-12-31 | 100.00% |
| 2004-09-30 | 100.00% |
| 2004-06-30 | 77.73% |
| 2004-03-31 | 100.00% |
| 2003-12-31 | 100.00% |
| 2003-09-30 | 100.00% |
| 2003-06-30 | 80.77% |
| 2003-03-31 | 100.00% |
| 2002-12-31 | 100.00% |
| 2002-09-30 | 100.00% |
