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 18.03% is in line with its 5-year average of 18.64%, around the middle of its 5-year range (15.14%–22.30%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.33% above its 12-month average of 16.95%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
18.03%
GROSS MARGIN AVG TTM
16.95%
GROSS MARGIN AVG 3Y
19.04%
GROSS MARGIN AVG 5Y
18.64%
GROSS MARGIN AVG 10Y
18.44%
GROSS MARGIN AVG 15Y
18.31%
GROSS MARGIN AVG 20Y
17.63%
CURRENT VS TTM AVG
+6.33%
CURRENT VS 3Y AVG
-5.33%
CURRENT VS 5Y AVG
-3.31%
CURRENT VS 10Y AVG
-2.23%
CURRENT VS 15Y AVG
-1.57%
CURRENT VS 20Y AVG
+2.25%
SECTOR MEDIAN · CONSUMER CYCLICAL
37.89%
median of 94 covered companies
CURRENT VS SECTOR MEDIAN
-52.42%
vs the sector median at left
Toyota Motor Corporation
Market Cap
$232.74B
Gross Margin
18.03%
TTM Avg
16.95%
3Y Avg
19.04%
5Y Avg
18.64%
Market Cap
$258.61B
Gross Margin
66.24%
TTM Avg
66.63%
3Y Avg
67.63%
5Y Avg
67.20%
Market Cap
$273.24B
Gross Margin
38.12%
TTM Avg
39.88%
3Y Avg
38.55%
5Y Avg
38.70%
Market Cap
$191.80B
Gross Margin
71.11%
TTM Avg
70.69%
3Y Avg
69.92%
5Y Avg
67.74%
Market Cap
$187.25B
Gross Margin
57.39%
TTM Avg
57.08%
3Y Avg
57.06%
5Y Avg
55.53%
Market Cap
$154.27B
Gross Margin
100.00%
TTM Avg
100.00%
3Y Avg
100.00%
5Y Avg
100.00%
Market Cap
$147.93B
Gross Margin
32.09%
TTM Avg
30.78%
3Y Avg
29.79%
5Y Avg
28.56%
Market Cap
$326.88B
Gross Margin
33.21%
TTM Avg
33.37%
3Y Avg
33.37%
5Y Avg
33.46%
Market Cap
$121.13B
Gross Margin
31.75%
TTM Avg
25.49%
3Y Avg
26.08%
5Y Avg
25.78%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Toyota Motor Corporation (TM) | $232.74B | 18.03% | 16.95% | 19.04% | 18.64% |
| LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMUY)vs › | $258.61B | 66.24% | 66.63% | 67.63% | 67.20% |
| Alibaba Group Holding Limited (BABA)vs › | $273.24B | 38.12% | 39.88% | 38.55% | 38.70% |
| Hermes International Societe en commandite par actions Unsponsored ADR (HESAY)vs › | $191.80B | 71.11% | 70.69% | 69.92% | 67.74% |
| McDonald's Corporation (MCD)vs › | $187.25B | 57.39% | 57.08% | 57.06% | 55.53% |
| Booking Holdings Inc. (BKNG)vs › | $154.27B | 100.00% | 100.00% | 100.00% | 100.00% |
| The TJX Companies, Inc. (TJX)vs › | $147.93B | 32.09% | 30.78% | 29.79% | 28.56% |
| The Home Depot, Inc. (HD)vs › | $326.88B | 33.21% | 33.37% | 33.37% | 33.46% |
| Starbucks Corporation (SBUX)vs › | $121.13B | 31.75% | 25.49% | 26.08% | 25.78% |
| PDD Holdings Inc. (PDD)vs › | $119.57B | 55.98% | 58.60% | 64.02% | 64.98% |
Gross Margin
18.0%
(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 | 18.03% |
| 2026-03-31 | 15.14% |
| 2025-12-31 | 17.77% |
| 2025-09-30 | 15.91% |
| 2025-06-30 | 17.92% |
| 2025-03-31 | 18.86% |
| 2024-12-31 | 19.20% |
| 2024-09-30 | 21.31% |
| 2024-06-30 | 20.51% |
| 2024-03-31 | 20.32% |
| 2023-12-31 | 22.30% |
| 2023-09-30 | 20.73% |
| 2023-06-30 | 19.56% |
| 2023-03-31 | 16.15% |
| 2022-12-31 | 19.82% |
| 2022-09-30 | 15.44% |
| 2022-06-30 | 16.38% |
| 2022-03-31 | 16.73% |
| 2021-12-31 | 19.60% |
| 2021-09-30 | 19.07% |
| 2021-06-30 | 20.79% |
| 2021-03-31 | 19.22% |
| 2020-12-31 | 20.33% |
| 2020-09-30 | 16.95% |
| 2020-06-30 | 11.94% |
| 2020-03-31 | 16.97% |
| 2019-12-31 | 18.50% |
| 2019-09-30 | 17.74% |
| 2019-06-30 | 18.78% |
| 2019-03-31 | 16.78% |
| 2018-12-31 | 18.63% |
| 2018-09-30 | 17.99% |
| 2018-06-30 | 18.67% |
| 2018-03-31 | 19.88% |
| 2017-12-31 | 18.51% |
| 2017-09-30 | 17.93% |
| 2017-06-30 | 18.37% |
| 2017-03-31 | 17.02% |
| 2016-12-31 | 15.76% |
| 2016-09-30 | 18.05% |
| 2016-06-30 | 19.88% |
| 2016-03-31 | 19.52% |
| 2015-12-31 | 19.80% |
| 2015-09-30 | 21.87% |
| 2015-06-30 | 20.47% |
| 2015-03-31 | 18.86% |
| 2014-12-31 | 20.25% |
| 2014-09-30 | 19.87% |
| 2014-06-30 | 20.27% |
| 2014-03-31 | 18.85% |
| 2013-12-31 | 18.80% |
| 2013-09-30 | 18.81% |
| 2013-06-30 | 19.71% |
| 2013-03-31 | 17.89% |
| 2012-12-31 | 13.55% |
| 2012-09-30 | 15.34% |
| 2012-06-30 | 15.06% |
| 2012-03-31 | 13.29% |
| 2011-12-31 | 12.55% |
| 2011-09-30 | 11.43% |
| 2011-06-30 | 8.84% |
| 2011-03-31 | 11.96% |
| 2010-12-31 | 12.37% |
| 2010-09-30 | 11.76% |
| 2010-06-30 | 14.98% |
| 2010-03-31 | 13.91% |
| 2009-12-31 | 13.83% |
| 2009-09-30 | 11.39% |
| 2009-06-30 | 7.38% |
| 2009-03-31 | -2.10% |
| 2008-12-31 | 6.15% |
| 2008-09-30 | 13.63% |
| 2008-06-30 | 16.75% |
| 2008-03-31 | 16.13% |
| 2007-12-31 | 18.70% |
| 2007-09-30 | 18.14% |
| 2007-06-30 | 19.52% |
| 2007-03-31 | 19.97% |
| 2006-12-31 | 19.59% |
| 2006-09-30 | 19.73% |
| 2006-06-30 | 19.52% |
| 2006-03-31 | 18.69% |
| 2005-12-31 | 19.52% |
| 2005-09-30 | 20.04% |
| 2005-06-30 | 19.59% |
| 2005-03-31 | 19.20% |
| 2004-12-31 | 18.72% |
| 2004-09-30 | 20.45% |
| 2004-06-30 | 21.34% |
| 2004-03-31 | 15.99% |
| 2003-12-31 | 21.06% |
| 2003-09-30 | 21.38% |
| 2003-06-30 | 20.62% |
| 2003-03-31 | 14.93% |
| 2002-12-31 | 24.27% |
| 2002-09-30 | 20.93% |
