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 44.43% is in line with its 5-year average of 44.11%, around the middle of its 5-year range (40.13%–47.21%).
0.34% below its 12-month average of 44.58%.
Reported quarterly gross margin; no daily interpolation. Q1 FY2027 (2026-06-30): 45.84%.
GROSS MARGIN
44.43%
GROSS MARGIN AVG TTM
44.58%
GROSS MARGIN AVG 3Y
44.25%
GROSS MARGIN AVG 5Y
44.11%
GROSS MARGIN AVG 10Y
43.22%
GROSS MARGIN AVG 15Y
42.25%
GROSS MARGIN AVG 20Y
42.14%
CURRENT VS TTM AVG
-0.34%
CURRENT VS 3Y AVG
+0.40%
CURRENT VS 5Y AVG
+0.72%
CURRENT VS 10Y AVG
+2.80%
CURRENT VS 15Y AVG
+5.16%
CURRENT VS 20Y AVG
+5.44%
SECTOR MEDIAN · HEALTHCARE
58.99%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
-24.69%
vs the sector median at left
Market Cap
$20.18B
Gross Margin
86.14%
TTM Avg
88.58%
3Y Avg
89.63%
5Y Avg
90.66%
Market Cap
$17.61B
Gross Margin
61.62%
TTM Avg
66.54%
3Y Avg
68.95%
5Y Avg
69.55%
Market Cap
$17.27B
Gross Margin
28.76%
TTM Avg
30.59%
3Y Avg
29.65%
5Y Avg
29.57%
Market Cap
$25.11B
Gross Margin
92.62%
TTM Avg
92.70%
3Y Avg
93.10%
5Y Avg
93.74%
Market Cap
$15.50B
Gross Margin
54.69%
TTM Avg
54.56%
3Y Avg
56.03%
5Y Avg
57.27%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| STERIS plc (STE) | $20.36B | 44.43% | 44.58% | 44.25% | 44.11% |
| United Therapeutics Corporation (UTHR)vs › | $20.18B | 86.14% | 88.58% | 89.63% | 90.66% |
| Viatris Inc. (VTRS)vs › | $20.76B | 34.83% | 36.61% | 38.73% | 36.31% |
| Zimmer Biomet Holdings, Inc. (ZBH)vs › | $17.61B | 61.62% | 66.54% | 68.95% | 69.55% |
| Medpace Holdings, Inc. (MEDP)vs › | $17.27B | 28.76% | 30.59% | 29.65% | 29.57% |
| Revvity, Inc. (RVTY)vs › | $16.86B | 52.11% | 50.55% | 50.58% | 52.43% |
| BioNTech SE (BNTX)vs › | $24.75B | 70.98% | 78.98% | 81.24% | 82.89% |
| Incyte Corporation (INCY)vs › | $25.11B | 92.62% | 92.70% | 93.10% | 93.74% |
| Solventum Corporation (SOLV)vs › | $15.50B | 54.69% | 54.56% | 56.03% | 57.27% |
| Labcorp Holdings Inc. (LH)vs › | $25.39B | 27.85% | 27.30% | 28.39% | 31.16% |
Gross Margin
44.4%
(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 | 45.84% |
| 2026-03-31 | 43.89% |
| 2025-12-31 | 43.81% |
| 2025-09-30 | 44.23% |
| 2025-06-30 | 45.14% |
| 2025-03-31 | 43.31% |
| 2024-12-31 | 44.53% |
| 2024-09-30 | 43.55% |
| 2024-06-30 | 44.74% |
| 2024-03-31 | 40.19% |
| 2023-12-31 | 43.15% |
| 2023-09-30 | 44.11% |
| 2023-06-30 | 44.70% |
| 2023-03-31 | 42.46% |
| 2022-12-31 | 42.89% |
| 2022-09-30 | 44.34% |
| 2022-06-30 | 44.77% |
| 2022-03-31 | 47.21% |
| 2021-12-31 | 44.51% |
| 2021-09-30 | 40.13% |
| 2021-06-30 | 44.02% |
| 2021-03-31 | 43.69% |
| 2020-12-31 | 42.76% |
| 2020-09-30 | 43.65% |
| 2020-06-30 | 42.96% |
| 2020-03-31 | 44.24% |
| 2019-12-31 | 42.80% |
| 2019-09-30 | 43.25% |
| 2019-06-30 | 43.89% |
| 2019-03-31 | 43.57% |
| 2018-12-31 | 41.22% |
| 2018-09-30 | 41.93% |
| 2018-06-30 | 42.12% |
| 2018-03-31 | 40.89% |
| 2017-12-31 | 42.03% |
| 2017-09-30 | 42.01% |
| 2017-06-30 | 42.07% |
| 2017-03-31 | 41.12% |
| 2016-12-31 | 39.83% |
| 2016-09-30 | 38.35% |
| 2016-06-30 | 37.59% |
| 2016-03-31 | 38.23% |
| 2015-12-31 | 38.50% |
| 2015-09-30 | 42.73% |
| 2015-06-30 | 41.85% |
| 2015-03-31 | 42.47% |
| 2014-12-31 | 41.66% |
| 2014-09-30 | 41.92% |
| 2014-06-30 | 41.22% |
| 2014-03-31 | 39.65% |
| 2013-12-31 | 40.38% |
| 2013-09-30 | 40.26% |
| 2013-06-30 | 39.94% |
| 2013-03-31 | 41.51% |
| 2012-12-31 | 40.25% |
| 2012-09-30 | 42.97% |
| 2012-06-30 | 40.73% |
| 2012-03-31 | 42.08% |
| 2011-12-31 | 38.85% |
| 2011-09-30 | 38.90% |
| 2011-06-30 | 41.72% |
| 2011-03-31 | 41.30% |
| 2010-12-31 | 41.74% |
| 2010-09-30 | 43.23% |
| 2010-06-30 | 9.56% |
| 2010-03-31 | 42.82% |
| 2009-12-31 | 42.55% |
| 2009-09-30 | 42.22% |
| 2009-06-30 | 44.03% |
| 2009-03-31 | 40.60% |
| 2008-12-31 | 38.84% |
| 2008-09-30 | 40.96% |
| 2008-06-30 | 41.89% |
| 2008-03-31 | 40.35% |
| 2007-12-31 | 41.47% |
| 2007-09-30 | 40.75% |
| 2007-06-30 | 42.25% |
| 2007-03-31 | 41.44% |
| 2006-12-31 | 42.71% |
| 2006-09-30 | 41.89% |
| 2006-06-30 | 42.77% |
| 2006-03-31 | 40.25% |
| 2005-12-31 | 42.47% |
| 2005-09-30 | 41.39% |
| 2005-06-30 | 43.11% |
| 2005-03-31 | 41.40% |
| 2004-12-31 | 42.54% |
| 2004-09-30 | 42.10% |
| 2004-06-30 | 43.13% |
| 2004-03-31 | 42.43% |
| 2003-12-31 | 41.96% |
| 2003-09-30 | 42.98% |
| 2003-06-30 | 41.10% |
| 2003-03-31 | 42.63% |
| 2002-12-31 | 42.55% |
| 2002-09-30 | 41.42% |
