Gross margin - breakdown by industry

Gross profit margin (gross margin) is the ratio of gross profit (gross sales less cost of sales) to sales revenue.
Calculation: Gross profit margin = Gross profit / Revenue. More about gross margin.

Number of U.S. listed companies included in the calculation: 3878 (year 2022).

Ratio: Gross margin     Measure of center:

Industry title Year
2022 2021 2020 2019 2018 2017
All Industries 41.6% 41.5% 42.2% 42.2% 41.7%
01 - Agricultural Production Crops 16.9% 10.3% 40% 31.5% 20.7%
02 - Agriculture production livestock and animal specialties 9.5% 20.4% 8.5% 44.4% 19.9%
07 - Agricultural Services 23.4% 21.7% 62.8% 25.6% 32%
08 - Forestry - - - 28% 43.9% 41.9%
09 - Fishing, hunting, and trapping - - -892.8% 15.3% 22.4%
10 - Metal Mining 29.9% 8.7% 21.6% 30.2% 13.2%
12 - Coal Mining 20.4% 9.1% 23.5% 15.7% 18.9%
13 - Oil And Gas Extraction 35.8% 13% 24.9% 41.2% 31.6%
14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels 27.5% 24.6% 25% 22.6% 25.1%
15 - Building Construction General Contractors And Operative Builders 26.8% 24.4% 23% 20.9% 20.6%
16 - Heavy Construction Other Than Building Construction Contractors 11.6% 12.1% 12.6% 11.7% 11.6%
17 - Construction Special Trade Contractors 18.3% 18.7% 19.3% 20.4% 16.7%
20 - Food And Kindred Products 30.9% 31% 32.3% 31.4% 33.4%
21 - Tobacco Products 44.3% 44.2% 36.7% 42.9% 43.7%
22 - Textile Mill Products 28.2% 25.4% 24.9% 28.4% 24.5%
23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials 50.3% 48.3% 46.9% 45.8% 44.3%
24 - Lumber And Wood Products, Except Furniture 23.7% 22% 20.4% 21.2% 20.4%
25 - Furniture And Fixtures 39.4% 36.9% 39.2% 36.2% 35.6%
26 - Paper And Allied Products 20.7% 17.3% 19.2% 19.7% 19.3%
27 - Printing, Publishing, And Allied Industries 46.2% 42.1% 49.6% 45.1% 52.7%
28 - Chemicals And Allied Products 53.9% 54.8% 53.5% 48.1% 46.9%
29 - Petroleum Refining And Related Industries 8.4% 5.1% 12.4% 10.9% 9.5%
30 - Rubber And Miscellaneous Plastics Products 27.8% 30.9% 30.5% 27.1% 31.5%
31 - Leather And Leather Products 49.3% 44.4% 44.2% 60.7% 58%
32 - Stone, Clay, Glass, And Concrete Products 24.4% 22.8% 19.9% 20.9% 24.4%
33 - Primary Metal Industries 22% 14.1% 15.2% 15.3% 13.7%
34 - Fabricated Metal Products, Except Machinery And Transportation Equipment 31.2% 29.5% 26.8% 27.3% 27.6%
35 - Industrial And Commercial Machinery And Computer Equipment 32.5% 32.8% 34.8% 34% 33.9%
36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment 36.8% 37.9% 36.1% 36.8% 34.8%
37 - Transportation Equipment 17.1% 18.4% 17.9% 18.5% 21.6%
38 - Measuring, Analyzing, And Controlling Instruments; Photographic, Medical And Optical Goods; Watches And Clocks 55.7% 53.4% 52% 51.8% 48.2%
39 - Miscellaneous Manufacturing Industries 40.1% 39.8% 39.9% 36.3% 31.6%
40 - Railroad Transportation 48.1% 89.8% 88.4% 89.1% 89%
41 - Local And Suburban Transit And Interurban Highway Passenger Transportation - - - - - -
42 - Motor Freight Transportation And Warehousing 16.5% 12.9% 13.1% 17.8% 77.2%
44 - Water Transportation -7.6% -7.5% 30.8% 34.1% 38.7%
45 - Transportation By Air 28.6% 27.6% 34.5% 52.7% 68.5%
46 - Pipelines, Except Natural Gas 38.4% 40.7% 43.9% 40.8% 48.4%
47 - Transportation Services 23% 15.3% 23.1% 33.4% 28.2%
48 - Communications 54.2% 54.1% 52.1% 44.7% 44.6%
49 - Electric, Gas, And Sanitary Services 37.5% 39.3% 39.3% 39.5% 44.5%
50 - Wholesale Trade-durable Goods 26.6% 24.4% 24.4% 24.7% 25.2%
51 - Wholesale Trade-non-durable Goods 21.7% 18.1% 17.6% 17.1% 18.1%
52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers 34.4% 35.4% 34.2% 34.3% 33.6%
53 - General Merchandise Stores 31.6% 30.5% 32.7% 30.6% 31.6%
54 - Food Stores 28% 28.1% 27.1% 27.6% 26.7%
55 - Automotive Dealers And Gasoline Service Stations 21.3% 18.5% 21.7% 24.3% 24.7%
56 - Apparel And Accessory Stores 39.8% 31.5% 34.5% 35.5% 36.9%
57 - Home Furniture, Furnishings, And Equipment Stores 47.9% 37.3% 36.3% 35.8% 36.6%
58 - Eating And Drinking Places 38.4% 40.5% 35.7% 38.3% 40.1%
59 - Miscellaneous Retail 35.4% 31.8% 30.5% 33.6% 32.3%
60 - Depository Institutions 97.9% 90.1% 97.4% 97.2% 97.2%
61 - Non-depository Credit Institutions 77.9% 76% 68.1% 70.8% 67.7%
62 - Security And Commodity Brokers, Dealers, Exchanges, And Services 50.7% 51.8% 49.1% 52.5% 79.3%
63 - Insurance Carriers 40.9% 35.9% 38.5% 42.2% 40%
64 - Insurance Agents, Brokers, And Service 24.9% 29.4% 27.3% 30.7% 73.4%
65 - Real Estate 45.8% 37.5% 48.7% 44% 49.4%
67 - Holding And Other Investment Offices 56% 53.5% 54.6% 64.5% 67.8%
70 - Hotels, Rooming Houses, Camps, And Other Lodging Places 46.3% 38.3% 43.5% 42.8% 44.6%
72 - Personal Services 49.7% 38.3% 28.9% 36.7% 33.6%
73 - Business Services 58.4% 56.8% 57.2% 56.9% 54.4%
75 - Automotive Repair, Services, And Parking 35.1% 34% 43.9% 43.7% 48.8%
76 - Miscellaneous Repair Services 24.5% -112.9% 22.5% 23.2% 19.7%
78 - Motion Pictures 39.8% 22.5% 31.7% 36.9% 35.4%
79 - Amusement And Recreation Services 45.3% 42.6% 46.1% 46.7% 46.7%
80 - Health Services 37% 33.7% 36% 36.6% 41.9%
81 - Legal Services 29.3% 27.1% 29.6% - 30.1%
82 - Educational Services 54.8% 53.8% 50.7% 46.1% 43%
83 - Social Services 59.1% 20.1% 25.4% 5.3% 47.4%
87 - Engineering, Accounting, Research, Management, And Related Services 36.9% 31.5% 33.7% 31.4% 34.3%
89 - Miscellaneous Services 20.2% 18.9% 24.1% 25.3% 23.8%
99 - Nonclassifiable Establishments - - - - - -

These ratios are calculated for publicly traded U.S. companies that submit financial statements to the SEC. Hover over the ratio value in the table to see the exact number of companies included in the calculation.

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