Top 100 Stocks by Gross Margin
Top companies ranked by gross margin, latest annual filings.
What Gross Margin Means for US-listed Companies
Gross margin is revenue minus the direct cost of producing what was sold, divided by revenue, expressed as a percent. It captures what is left after the factory, the cloud bill, the shipping, and the raw materials, but before overhead, research, marketing, interest, or tax. Across US-listed firms the figure varies enormously by business model, so the same percentage can signal pricing power in one industry and thin commodity economics in another.
Why Gross Margin Matters
Gross margin is the first layer of the profitability stack and often the clearest read on pricing power, brand strength, and procurement scale. A rising gross margin tends to mean the firm is either charging more or producing more cheaply, both healthy signs. Still, gross margin alone says little about the bottom line; a firm with fat gross margins can still lose money if operating expenses run away, and accounting choices on what belongs in cost of goods differ across reporters.
What to Read Alongside
Pair gross margin with Revenue to separate the scale question from the pricing question, Operating Margin to see how efficiency holds up once overhead and research are loaded in, and Net Margin to check the final conversion to the bottom line.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | VICI | VICI Properties Inc. | Real Estate | 99.33% | $26.48B |
| 2 | JEF | Jefferies Financial Group Inc. | Financial Services | 97.40% | $11.03B |
| 3 | CCI | Crown Castle Inc. | Real Estate | 97.35% | $31.15B |
| 4 | EXEL | Exelixis, Inc. | Healthcare | 96.39% | $14.18B |
| 5 | FRHC | Freedom Holdings Corp. | Financial Services | 96.37% | $11.11B |
| 6 | WES | Western Midstream Partners, LP | Energy | 94.61% | $19.25B |
| 7 | NVAX | Novavax, Inc. | Healthcare | 93.50% | $1.72B |
| 8 | INCY | Incyte Corporation | Healthcare | 92.76% | $25.27B |
| 9 | ADSK | Autodesk, Inc. | Technology | 90.98% | $45.74B |
| 10 | NMM | Navios Maritime Partners L.P. | Industrials | 90.50% | $2.64B |
| 11 | ATLC | Atlanticus Holdings Corporation | Financial Services | 90.35% | $1.38B |
| 12 | ADBE | Adobe Inc. | Technology | 89.27% | $99.18B |
| 13 | VRSN | VeriSign, Inc. | Technology | 88.15% | $27.86B |
| 14 | DLB | Dolby Laboratories, Inc. | Industrials | 88.13% | $5.37B |
| 15 | UTHR | United Therapeutics Corporation | Healthcare | 87.92% | $21.15B |
| 16 | APP | AppLovin Corporation | Communication Services | 87.86% | $110.49B |
| 17 | FUTU | Futu Holdings Limited | Financial Services | 87.12% | $15.99B |
| 18 | CHKP | Check Point Software Technologies Ltd. | Technology | 86.72% | $13.71B |
| 19 | ALKS | Alkermes plc | Healthcare | 86.69% | $7.41B |
| 20 | VRTX | Vertex Pharmaceuticals Incorporated | Healthcare | 86.24% | $129.45B |
| 21 | LNT | Alliant Energy Corporation | Utilities | 85.67% | $16.85B |
| 22 | BZ | Kanzhun Limited | Communication Services | 85.06% | $6.36B |
| 23 | QFIN | Qfin Holdings, Inc. | Financial Services | 84.37% | $0.96B |
| 24 | SOBO | South Bow Corporation | Energy | 84.24% | $7.32B |
| 25 | GTM | ZoomInfo Technologies Inc. | Technology | 84.03% | $1.14B |
| 26 | PTC | PTC Inc. | Technology | 83.76% | $14.68B |
| 27 | HALO | Halozyme Therapeutics, Inc. | Healthcare | 83.62% | $12.65B |
| 28 | PAYC | Paycom Software, Inc. | Technology | 83.17% | $10.20B |
| 29 | SOFI | SoFi Technologies, Inc. | Financial Services | 83.15% | $21.92B |
| 30 | LLY | Eli Lilly and Company | Healthcare | 83.04% | $1038.33B |
| 31 | ABNB | Airbnb, Inc. | Consumer Cyclical | 82.96% | $98.37B |
| 32 | PLNT | Planet Fitness, Inc. | Consumer Cyclical | 82.61% | $3.55B |
| 33 | MSCI | MSCI Inc. | Financial Services | 82.44% | $40.64B |
| 34 | PLTR | Palantir Technologies Inc. | Technology | 82.37% | $426.88B |
| 35 | FICO | Fair Isaac Corporation | Technology | 82.23% | $19.97B |
| 36 | META | Meta Platforms, Inc. | Communication Services | 82.00% | $1888.33B |
| 37 | ALNY | Alnylam Pharmaceuticals, Inc. | Healthcare | 81.77% | $32.69B |
| 38 | DT | Dynatrace, Inc. | Technology | 81.56% | $16.30B |
| 39 | BSY | Bentley Systems, Incorporated | Technology | 81.52% | $9.65B |
| 40 | FFIV | F5, Inc. | Technology | 81.41% | $25.49B |
| 41 | MH | McGraw Hill, Inc. | Consumer Defensive | 80.92% | $2.54B |
| 42 | TCOM | Trip.com Group Limited | Consumer Cyclical | 80.58% | $25.60B |
| 43 | FTNT | Fortinet, Inc. | Technology | 80.46% | $128.57B |
| 44 | INDV | Indivior Pharmaceuticals, Inc. | Healthcare | 80.23% | $4.19B |
| 45 | DBX | Dropbox, Inc. | Technology | 80.13% | $7.83B |
| 46 | EA | Electronic Arts Inc | Communication Services | 78.97% | $52.93B |
No companies match this search.
How this ranking is built
Companies are ranked by gross margin as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Size floor: A company qualifies at $1 billion in annual revenue or above, so a small filer with a freak ratio cannot top the list.
- Value range: Only figures above 0% and up to 100% qualify.
- Cost-classification check: A company whose gross margin runs more than 70 points above its operating margin is left out, because at that gap the split between cost of sales and operating cost is a reporting convention rather than a margin.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.