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: 3665 (year 2023).

Ratio: Gross margin     Measure of center:

Industry title Year
2023 2022 2021 2020 2019 2018
All Industries 40.3% 41.6% 41.5% 42.2% 42.2%
01 - Agricultural Production Crops 9.8% 16.9% 10.3% 40% 31.5%
02 - Agriculture production livestock and animal specialties 17.1% 9.5% 20.4% 8.5% 44.4%
07 - Agricultural Services 17.1% 23.4% 21.7% 62.8% 25.6%
08 - Forestry - - - - 28% 43.9%
09 - Fishing, hunting, and trapping -82.6% - - -892.8% 15.3%
10 - Metal Mining 24% 29.9% 8.7% 21.6% 30.2%
12 - Coal Mining 41.3% 20.4% 9.1% 23.5% 15.7%
13 - Oil And Gas Extraction 44.9% 35.8% 13% 24.9% 41.2%
14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels 22.8% 27.5% 24.6% 25% 22.6%
15 - Building Construction General Contractors And Operative Builders 25.7% 26.8% 24.4% 23% 20.9%
16 - Heavy Construction Other Than Building Construction Contractors 11.2% 11.6% 12.1% 12.6% 11.7%
17 - Construction Special Trade Contractors 18.9% 18.3% 18.7% 19.3% 20.4%
20 - Food And Kindred Products 27.3% 30.9% 31% 32.3% 31.4%
21 - Tobacco Products 42.2% 44.3% 44.2% 36.7% 42.9%
22 - Textile Mill Products 24.1% 28.2% 25.4% 24.9% 28.4%
23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials 50.9% 50.3% 48.3% 46.9% 45.8%
24 - Lumber And Wood Products, Except Furniture 27.1% 23.7% 22% 20.4% 21.2%
25 - Furniture And Fixtures 36% 39.4% 36.9% 39.2% 36.2%
26 - Paper And Allied Products 20.3% 20.7% 17.3% 19.2% 19.7%
27 - Printing, Publishing, And Allied Industries 44.7% 46.2% 42.1% 49.6% 45.1%
28 - Chemicals And Allied Products 49.1% 53.9% 54.8% 53.5% 48.1%
29 - Petroleum Refining And Related Industries 11.7% 8.4% 5.1% 12.4% 10.9%
30 - Rubber And Miscellaneous Plastics Products 31.2% 27.8% 30.9% 30.5% 27.1%
31 - Leather And Leather Products 47.2% 49.3% 44.4% 44.2% 60.7%
32 - Stone, Clay, Glass, And Concrete Products 26.8% 24.4% 22.8% 19.9% 20.9%
33 - Primary Metal Industries 18.8% 22% 14.1% 15.2% 15.3%
34 - Fabricated Metal Products, Except Machinery And Transportation Equipment 30.4% 31.2% 29.5% 26.8% 27.3%
35 - Industrial And Commercial Machinery And Computer Equipment 32.8% 32.5% 32.8% 34.8% 34%
36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment 35.9% 36.8% 37.9% 36.1% 36.8%
37 - Transportation Equipment 15.9% 17.1% 18.4% 17.9% 18.5%
38 - Measuring, Analyzing, And Controlling Instruments; Photographic, Medical And Optical Goods; Watches And Clocks 54.2% 55.7% 53.4% 52% 51.8%
39 - Miscellaneous Manufacturing Industries 38.2% 40.1% 39.8% 39.9% 36.3%
40 - Railroad Transportation 44.5% 48.1% 89.8% 88.4% 89.1%
41 - Local And Suburban Transit And Interurban Highway Passenger Transportation - - - - - -
42 - Motor Freight Transportation And Warehousing 16.9% 16.5% 12.9% 13.1% 17.8%
44 - Water Transportation 30.6% -7.6% -7.5% 30.8% 34.1%
45 - Transportation By Air 22.3% 28.6% 27.6% 34.5% 52.7%
46 - Pipelines, Except Natural Gas 27.1% 38.4% 40.7% 43.9% 40.8%
47 - Transportation Services 18.9% 23% 15.3% 23.1% 33.4%
48 - Communications 48.4% 54.2% 54.1% 52.1% 44.7%
49 - Electric, Gas, And Sanitary Services 32.6% 37.5% 39.3% 39.3% 39.5%
50 - Wholesale Trade-durable Goods 27.8% 26.6% 24.4% 24.4% 24.7%
51 - Wholesale Trade-non-durable Goods 17.8% 21.7% 18.1% 17.6% 17.1%
52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers 35% 34.4% 35.4% 34.2% 34.3%
53 - General Merchandise Stores 31.5% 31.6% 30.5% 32.7% 30.6%
54 - Food Stores 28.2% 28% 28.1% 27.1% 27.6%
55 - Automotive Dealers And Gasoline Service Stations 19.8% 21.3% 18.5% 21.7% 24.3%
56 - Apparel And Accessory Stores 35.7% 39.8% 31.5% 34.5% 35.5%
57 - Home Furniture, Furnishings, And Equipment Stores 44.4% 47.9% 37.3% 36.3% 35.8%
58 - Eating And Drinking Places 33.9% 38.4% 40.5% 35.7% 38.3%
59 - Miscellaneous Retail 34.3% 35.4% 31.8% 30.5% 33.6%
60 - Depository Institutions 96.9% 97.9% 90.1% 97.4% 97.2%
61 - Non-depository Credit Institutions 69.2% 77.9% 76% 68.1% 70.8%
62 - Security And Commodity Brokers, Dealers, Exchanges, And Services 51.8% 50.7% 51.8% 49.1% 52.5%
63 - Insurance Carriers 37.5% 40.9% 35.9% 38.5% 42.2%
64 - Insurance Agents, Brokers, And Service 41.9% 24.9% 29.4% 27.3% 30.7%
65 - Real Estate 34.9% 45.8% 37.5% 48.7% 44%
67 - Holding And Other Investment Offices 53.1% 56% 53.5% 54.6% 64.5%
70 - Hotels, Rooming Houses, Camps, And Other Lodging Places 45.5% 46.3% 38.3% 43.5% 42.8%
72 - Personal Services 37.1% 49.7% 38.3% 28.9% 36.7%
73 - Business Services 56.9% 58.4% 56.8% 57.2% 56.9%
75 - Automotive Repair, Services, And Parking 35.9% 35.1% 34% 43.9% 43.7%
76 - Miscellaneous Repair Services 24% 24.5% -112.9% 22.5% 23.2%
78 - Motion Pictures 19.7% 39.8% 22.5% 31.7% 36.9%
79 - Amusement And Recreation Services 43.3% 45.3% 42.6% 46.1% 46.7%
80 - Health Services 34.9% 37% 33.7% 36% 36.6%
81 - Legal Services 30.6% 29.3% 27.1% 29.6% -
82 - Educational Services 51.5% 54.8% 53.8% 50.7% 46.1%
83 - Social Services 23.7% 59.1% 20.1% 25.4% 5.3%
87 - Engineering, Accounting, Research, Management, And Related Services 34.9% 36.9% 31.5% 33.7% 31.4%
89 - Miscellaneous Services -13.7% 20.2% 18.9% 24.1% 25.3%
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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