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 77.53% is 27% above its 5-year average of 60.99%, near the high end of its 5-year range (46.68%–84.40%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.94% above its 12-month average of 75.32%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
77.53%
GROSS MARGIN AVG TTM
75.32%
GROSS MARGIN AVG 3Y
65.48%
GROSS MARGIN AVG 5Y
59.82%
GROSS MARGIN AVG 10Y
50.59%
GROSS MARGIN AVG 15Y
54.54%
GROSS MARGIN AVG 20Y
56.46%
CURRENT VS TTM AVG
+2.94%
CURRENT VS 3Y AVG
+18.41%
CURRENT VS 5Y AVG
+29.61%
CURRENT VS 10Y AVG
+53.27%
CURRENT VS 15Y AVG
+42.15%
CURRENT VS 20Y AVG
+37.32%
SECTOR MEDIAN · BASIC MATERIALS
33.66%
median of 43 covered companies
CURRENT VS SECTOR MEDIAN
+130.34%
vs the sector median at left
Wheaton Precious Metals Corp.
Market Cap
$52.41B
Gross Margin
77.53%
TTM Avg
75.32%
3Y Avg
65.48%
5Y Avg
59.82%
Market Cap
$64.02B
Gross Margin
55.11%
TTM Avg
44.83%
3Y Avg
37.88%
5Y Avg
38.89%
Market Cap
$65.63B
Gross Margin
32.06%
TTM Avg
31.95%
3Y Avg
30.06%
5Y Avg
30.75%
Market Cap
$38.00B
Gross Margin
14.62%
TTM Avg
14.50%
3Y Avg
19.50%
5Y Avg
20.35%
Market Cap
$36.99B
Gross Margin
27.43%
TTM Avg
27.13%
3Y Avg
25.15%
5Y Avg
25.29%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Wheaton Precious Metals Corp. (WPM) | $52.41B | 77.53% | 75.32% | 65.48% | 59.82% |
| Corteva, Inc. (CTVA)vs › | $52.38B | 48.45% | 43.62% | 42.46% | 41.85% |
| Nucor Corporation (NUE)vs › | $62.41B | 15.47% | 12.64% | 19.48% | 19.86% |
| Vale S.A. (VALE)vs › | $63.24B | 34.52% | 35.30% | 39.54% | 45.64% |
| Barrick Mining Corporation (B)vs › | $64.02B | 55.11% | 44.83% | 37.88% | 38.89% |
| Air Products and Chemicals, Inc. (APD)vs › | $65.63B | 32.06% | 31.95% | 30.06% | 30.75% |
| CRH plc (CRH)vs › | $66.04B | 35.79% | 35.92% | 34.78% | 34.13% |
| Steel Dynamics, Inc. (STLD)vs › | $38.00B | 14.62% | 14.50% | 19.50% | 20.35% |
| Vulcan Materials Company (VMC)vs › | $36.99B | 27.43% | 27.13% | 25.15% | 25.29% |
| Martin Marietta Materials, Inc. (MLM)vs › | $33.39B | 28.23% | 29.36% | 27.92% | 27.18% |
Gross Margin
77.5%
(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 |
|---|---|
| 2026-03-31 | 77.53% |
| 2025-12-31 | 76.69% |
| 2025-09-30 | 84.40% |
| 2025-06-30 | 70.16% |
| 2025-03-31 | 67.83% |
| 2024-12-31 | 65.02% |
| 2024-09-30 | 64.04% |
| 2024-06-30 | 62.26% |
| 2024-03-31 | 57.81% |
| 2023-12-31 | 56.52% |
| 2023-09-30 | 56.87% |
| 2023-06-30 | 57.31% |
| 2023-03-31 | 54.79% |
| 2022-12-31 | 51.34% |
| 2022-09-30 | 46.68% |
| 2022-06-30 | 53.58% |
| 2022-03-31 | 58.54% |
| 2021-12-31 | 54.16% |
| 2021-09-30 | 56.31% |
| 2021-06-30 | 54.98% |
| 2021-03-31 | 54.04% |
| 2020-12-31 | 56.57% |
| 2020-09-30 | 57.46% |
| 2020-06-30 | 50.04% |
| 2020-03-31 | 48.29% |
| 2019-12-31 | 42.92% |
| 2019-09-30 | 42.74% |
| 2019-06-30 | 35.42% |
| 2019-03-31 | 38.86% |
| 2018-12-31 | 33.14% |
| 2018-09-30 | 31.16% |
| 2018-06-30 | 41.11% |
| 2018-03-31 | 42.95% |
| 2017-12-31 | 39.35% |
| 2017-09-30 | 40.85% |
| 2017-06-30 | 41.53% |
| 2017-03-31 | 38.25% |
| 2016-12-31 | 36.10% |
| 2016-09-30 | 42.24% |
| 2016-06-30 | 36.29% |
| 2016-03-31 | 31.75% |
| 2015-12-31 | 35.56% |
| 2015-09-30 | 40.00% |
| 2015-06-30 | 38.50% |
| 2015-03-31 | 49.04% |
| 2014-12-31 | 43.41% |
| 2014-09-30 | 49.21% |
| 2014-06-30 | 50.27% |
| 2014-03-31 | 55.43% |
| 2013-12-31 | 53.93% |
| 2013-09-30 | 54.47% |
| 2013-06-30 | 54.55% |
| 2013-03-31 | 73.39% |
| 2012-12-31 | 68.35% |
| 2012-09-30 | 77.76% |
| 2012-06-30 | 75.32% |
| 2012-03-31 | 78.85% |
| 2011-12-31 | 78.28% |
| 2011-09-30 | 81.27% |
| 2011-06-30 | 81.65% |
| 2011-03-31 | 80.00% |
| 2010-12-31 | 74.01% |
| 2010-09-30 | 65.90% |
| 2010-06-30 | 62.04% |
| 2010-03-31 | 60.76% |
| 2009-12-31 | 60.65% |
| 2009-09-30 | 54.23% |
| 2009-06-30 | 56.08% |
| 2009-03-31 | 49.09% |
| 2008-12-31 | 12.77% |
| 2008-09-30 | 59.80% |
| 2008-06-30 | 66.83% |
| 2008-03-31 | 77.33% |
| 2007-12-31 | 72.31% |
| 2007-09-30 | 69.19% |
| 2007-06-30 | 71.29% |
| 2007-03-31 | 70.45% |
| 2006-12-31 | 68.43% |
| 2006-09-30 | 67.13% |
| 2006-06-30 | 68.70% |
| 2006-03-31 | 59.46% |
| 2005-12-31 | 51.42% |
| 2005-09-30 | 45.33% |
| 2005-06-30 | 45.98% |
| 2005-03-31 | 43.64% |
| 2004-08-31 | 0.00% |
| 2004-05-31 | 0.00% |
| 2004-02-29 | 0.00% |
| 2003-11-30 | 0.00% |
| 2003-08-31 | 0.00% |
| 2003-05-31 | 0.00% |
| 2003-02-28 | 0.00% |
| 2002-11-30 | 0.00% |
| 2002-08-31 | 0.00% |
| 2002-05-31 | 0.00% |
| 2002-02-28 | 0.00% |
