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: 3373 (year 2024).

Ratio: Gross margin     Measure of center:

Industry title Year
2024 2023 2022 2021 2020 2019
All Industries 41% 40.3% 41.6% 41.5% 42.2%
01 - Agricultural Production Crops 27.4% 9.8% 16.9% 10.3% 40%
02 - Agriculture production livestock and animal specialties 15.4% 17.1% 9.5% 20.4% 8.5%
07 - Agricultural Services 17.1% 17.1% 23.4% 21.7% 62.8%
08 - Forestry - - - - - 28%
09 - Fishing, hunting, and trapping - -236.7% -82.6% - - -892.8%
10 - Metal Mining 28.1% 24% 29.9% 8.7% 21.6%
12 - Coal Mining 29.4% 41.3% 20.4% 9.1% 23.5%
13 - Oil And Gas Extraction 37.8% 44.9% 35.8% 13% 24.9%
14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels 28.9% 22.8% 27.5% 24.6% 25%
15 - Building Construction General Contractors And Operative Builders 24% 25.7% 26.8% 24.4% 23%
16 - Heavy Construction Other Than Building Construction Contractors 12.5% 11.2% 11.6% 12.1% 12.6%
17 - Construction Special Trade Contractors 19.6% 18.9% 18.3% 18.7% 19.3%
20 - Food And Kindred Products 29.5% 27.3% 30.9% 31% 32.3%
21 - Tobacco Products 36.5% 42.2% 44.3% 44.2% 36.7%
22 - Textile Mill Products 26% 24.1% 28.2% 25.4% 24.9%
23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials 53.3% 50.9% 50.3% 48.3% 46.9%
24 - Lumber And Wood Products, Except Furniture 23.5% 27.1% 23.7% 22% 20.4%
25 - Furniture And Fixtures 38.3% 36% 39.4% 36.9% 39.2%
26 - Paper And Allied Products 20.8% 20.3% 20.7% 17.3% 19.2%
27 - Printing, Publishing, And Allied Industries 41.2% 44.7% 46.2% 42.1% 49.6%
28 - Chemicals And Allied Products 50.3% 49.1% 53.9% 54.8% 53.5%
29 - Petroleum Refining And Related Industries 12.5% 11.7% 8.4% 5.1% 12.4%
30 - Rubber And Miscellaneous Plastics Products 35.1% 31.2% 27.8% 30.9% 30.5%
31 - Leather And Leather Products 51.9% 47.2% 49.3% 44.4% 44.2%
32 - Stone, Clay, Glass, And Concrete Products 28.2% 26.8% 24.4% 22.8% 19.9%
33 - Primary Metal Industries 17.2% 18.8% 22% 14.1% 15.2%
34 - Fabricated Metal Products, Except Machinery And Transportation Equipment 28.7% 30.4% 31.2% 29.5% 26.8%
35 - Industrial And Commercial Machinery And Computer Equipment 34.7% 32.8% 32.5% 32.8% 34.8%
36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment 32.2% 35.9% 36.8% 37.9% 36.1%
37 - Transportation Equipment 16.5% 15.9% 17.1% 18.4% 17.9%
38 - Measuring, Analyzing, And Controlling Instruments; Photographic, Medical And Optical Goods; Watches And Clocks 52.9% 54.2% 55.7% 53.4% 52%
39 - Miscellaneous Manufacturing Industries 37.5% 38.2% 40.1% 39.8% 39.9%
40 - Railroad Transportation 40.9% 44.5% 48.1% 89.8% 88.4%
41 - Local And Suburban Transit And Interurban Highway Passenger Transportation - - - - - -
42 - Motor Freight Transportation And Warehousing 15.9% 16.9% 16.5% 12.9% 13.1%
44 - Water Transportation 36% 30.6% -7.6% -7.5% 30.8%
45 - Transportation By Air 22.5% 22.3% 28.6% 27.6% 34.5%
46 - Pipelines, Except Natural Gas 21.2% 27.1% 38.4% 40.7% 43.9%
47 - Transportation Services 24.2% 18.9% 23% 15.3% 23.1%
48 - Communications 43.5% 48.4% 54.2% 54.1% 52.1%
49 - Electric, Gas, And Sanitary Services 37.8% 32.6% 37.5% 39.3% 39.3%
50 - Wholesale Trade-durable Goods 27.3% 27.8% 26.6% 24.4% 24.4%
51 - Wholesale Trade-non-durable Goods 16.6% 17.8% 21.7% 18.1% 17.6%
52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers 35.7% 35% 34.4% 35.4% 34.2%
53 - General Merchandise Stores 30.4% 31.5% 31.6% 30.5% 32.7%
54 - Food Stores 28.2% 28.2% 28% 28.1% 27.1%
55 - Automotive Dealers And Gasoline Service Stations 19.5% 19.8% 21.3% 18.5% 21.7%
56 - Apparel And Accessory Stores 36.3% 35.7% 39.8% 31.5% 34.5%
57 - Home Furniture, Furnishings, And Equipment Stores 47.7% 44.4% 47.9% 37.3% 36.3%
58 - Eating And Drinking Places 32% 33.9% 38.4% 40.5% 35.7%
59 - Miscellaneous Retail 36.8% 34.3% 35.4% 31.8% 30.5%
60 - Depository Institutions 97.6% 96.9% 97.9% 90.1% 97.4%
61 - Non-depository Credit Institutions 60.5% 69.2% 77.9% 76% 68.1%
62 - Security And Commodity Brokers, Dealers, Exchanges, And Services 55.3% 51.8% 50.7% 51.8% 49.1%
63 - Insurance Carriers 42.4% 37.5% 40.9% 35.9% 38.5%
64 - Insurance Agents, Brokers, And Service 46.5% 41.9% 24.9% 29.4% 27.3%
65 - Real Estate 33.7% 34.9% 45.8% 37.5% 48.7%
67 - Holding And Other Investment Offices 58.6% 53.1% 56% 53.5% 54.6%
70 - Hotels, Rooming Houses, Camps, And Other Lodging Places 41.2% 45.5% 46.3% 38.3% 43.5%
72 - Personal Services 33.2% 37.1% 49.7% 38.3% 28.9%
73 - Business Services 57.1% 56.9% 58.4% 56.8% 57.2%
75 - Automotive Repair, Services, And Parking 39.6% 35.9% 35.1% 34% 43.9%
76 - Miscellaneous Repair Services 24.5% 24% 24.5% -112.9% 22.5%
78 - Motion Pictures 33.2% 19.7% 39.8% 22.5% 31.7%
79 - Amusement And Recreation Services 45.2% 43.3% 45.3% 42.6% 46.1%
80 - Health Services 36% 34.9% 37% 33.7% 36%
81 - Legal Services 29.5% 30.6% 29.3% 27.1% 29.6%
82 - Educational Services 52.4% 51.5% 54.8% 53.8% 50.7%
83 - Social Services 22% 23.7% 59.1% 20.1% 25.4%
87 - Engineering, Accounting, Research, Management, And Related Services 35.4% 34.9% 36.9% 31.5% 33.7%
89 - Miscellaneous Services 20% -13.7% 20.2% 18.9% 24.1%
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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