High gross margin companies
Companies with revenue above $1bn whose gross margin exceeds 50%. Gross margin is gross profit divided by revenue, both as the filer reported them; banks and insurers report no cost of revenue and so do not appear.
| Company | Revenue | Net income | Gross margin | Free cash flow |
|---|---|---|---|---|
| AMZNAMAZON COM INC | $716.92B | $77.67B | 50.3% | Unavailable |
| UNH InsurerUNITEDHEALTH GROUP INC | $447.57B | $12.06B | 88.7% | $16.08B |
| GOOGLAlphabet Inc. | $402.84B | $132.17B | 59.7% | $73.27B |
| MSFTMICROSOFT CORP | $331.84B | $133.75B | 67.9% | $66.99B |
| NVDANVIDIA CORP | $215.94B | $120.07B | 71.1% | Unavailable |
| METAMeta Platforms, Inc. | $200.97B | $60.46B | 82.0% | $46.11B |
| ELV InsurerElevance Health, Inc. | $199.12B | $5.66B | 89.4% | $3.17B |
| MUMICRON TECHNOLOGY INC | $133.19B | $84.97B | 80.7% | $58.96B |
| JNJJOHNSON & JOHNSON | $94.19B | $26.80B | 67.9% | $19.70B |
| PEPPEPSICO INC | $93.92B | $8.24B | 54.1% | Unavailable |
| PGPROCTER & GAMBLE Co | $87.03B | $16.05B | 50.2% | $15.15B |
| IBMINTERNATIONAL BUSINESS MACHINES CORP | $67.54B | $10.59B | 58.2% | $12.10B |
| LLYELI LILLY & Co | $65.18B | $20.64B | 83.0% | Unavailable |
| MRKMerck & Co., Inc. | $65.01B | $18.25B | 74.8% | $12.36B |
| AVGOBroadcom Inc. | $63.89B | Unavailable | 67.8% | $26.91B |
| CSCOCISCO SYSTEMS, INC. | $63.32B | $13.27B | 64.5% | $12.77B |
| PFEPFIZER INC | $62.58B | $7.77B | 74.3% | $9.08B |
| ABBVAbbVie Inc. | $61.16B | $4.23B | 70.2% | $17.82B |
| COPCONOCOPHILLIPS | $58.94B | $7.99B | 62.1% | Unavailable |
| BMYBRISTOL MYERS SQUIBB CO | $48.19B | $7.05B | 71.1% | $12.84B |
| KOCOCA COLA CO | $47.94B | $13.11B | 61.6% | $5.30B |
| ABTABBOTT LABORATORIES | $44.33B | $6.52B | 56.4% | $7.40B |
| QCOMQUALCOMM INC/DE | $44.28B | $5.54B | 55.4% | Unavailable |
| CRMSalesforce, Inc. | $41.52B | $7.46B | 77.7% | $14.40B |
| PMPhilip Morris International Inc. | $40.65B | $11.35B | 67.1% | $10.66B |
| AMGNAMGEN INC | $36.75B | $7.71B | 67.2% | $8.10B |
| MDTMedtronic plc | $36.36B | $4.80B | 65.0% | $5.43B |
| GILDGILEAD SCIENCES, INC. | $29.44B | $8.51B | 78.8% | $9.46B |
| SYKSTRYKER CORP | $25.12B | $3.25B | 64.0% | $4.28B |
| DHRDANAHER CORP /DE/ | $24.57B | $3.61B | 59.1% | $5.26B |
| ADBEADOBE INC. | $23.77B | $7.13B | 89.3% | $9.85B |
| MOALTRIA GROUP, INC. | $23.28B | $6.95B | 62.5% | $9.07B |
| LRCXLAM RESEARCH CORP | $23.23B | $7.27B | 50.5% | Unavailable |
| CLCOLGATE PALMOLIVE CO | $20.38B | $2.13B | 60.1% | Unavailable |
| AZOAUTOZONE INC | $20.34B | $2.57B | 52.3% | $1.82B |
| SNDKSandisk Corp | $20.25B | $11.43B | 71.5% | $11.49B |
| BSXBOSTON SCIENTIFIC CORP | $20.07B | Unavailable | 69.0% | $3.66B |
| EMREMERSON ELECTRIC CO | $18.02B | $2.29B | 52.8% | $2.67B |
| ORLYO REILLY AUTOMOTIVE INC | $17.78B | $2.54B | 51.6% | $1.59B |
| TXNTEXAS INSTRUMENTS INC | $17.68B | $5.00B | 57.0% | $2.60B |
| TEVATEVA PHARMACEUTICAL INDUSTRIES LTD | $17.26B | $1.41B | 51.8% | Unavailable |
| KDPKeurig Dr Pepper Inc. | $16.60B | $2.08B | 54.2% | $1.50B |
| ITWILLINOIS TOOL WORKS INC | $16.04B | Unavailable | 52.9% | $2.71B |
| SPGIS&P Global Inc. | $15.34B | $4.47B | 70.2% | Unavailable |
| KVUEKenvue Inc. | $15.12B | $1.47B | 58.1% | $1.72B |
| ELESTEE LAUDER COMPANIES INC | $15.05B | Unavailable | 75.5% | $1.32B |
| KLACKLA CORP | $13.58B | $4.83B | 61.3% | $3.77B |
| SCCOSOUTHERN COPPER CORP/ | $13.42B | Unavailable | 60.1% | $3.43B |
| NOWServiceNow, Inc. | $13.28B | $1.75B | 77.5% | $4.58B |
| CYHCOMMUNITY HEALTH SYSTEMS INC | $12.48B | $509.00M | 85.1% | $208.00M |
| NXPINXP Semiconductors N.V. | $12.27B | $2.02B | 54.7% | $2.42B |
| ABNBAirbnb, Inc. | $12.24B | $2.51B | 83.0% | Unavailable |
| VRTXVERTEX PHARMACEUTICALS INC / MA | $12.00B | $3.95B | 86.2% | $3.19B |
| MSIMotorola Solutions, Inc. | $11.68B | $2.15B | 51.7% | Unavailable |
| XELXCEL ENERGY INC | $11.54B | $1.26B | 66.6% | Unavailable |
| PANWPalo Alto Networks Inc | $11.48B | $307.00M | 70.4% | Unavailable |
| CTASCINTAS CORP | $11.26B | $2.00B | 50.7% | $1.88B |
| BAHBooz Allen Hamilton Holding Corp | $11.22B | $851.00M | 52.7% | Unavailable |
| LULUlululemon athletica inc. | $11.10B | $1.58B | 56.6% | $921.68M |
| EBAYEBAY INC | $11.10B | $2.03B | 71.5% | $1.43B |
How common this has been
5.9% of companies met this in 2016 and 6.2% in 2025; the share has roughly held.
| Year | Share | Companies | |
|---|---|---|---|
| 2016 | 5.9% | 144 of 2,421 | |
| 2017 | 6.1% | 186 of 3,029 | |
| 2018 | 6.1% | 197 of 3,238 | |
| 2019 | 5.7% | 201 of 3,534 | |
| 2020 | 5.4% | 207 of 3,849 | |
| 2021 | 5.9% | 239 of 4,065 | |
| 2022 | 6.1% | 265 of 4,332 | |
| 2023 | 6.0% | 273 of 4,573 | |
| 2024 | 6.1% | 290 of 4,764 | |
| 2025 | 6.2% | 305 of 4,909 |
Each year is the screen re-run against the figures each company had reported by that December, so it is what the answer would have been at the time rather than today’s companies with old numbers. The denominator is companies with usable figures that year, which grows as coverage does.
Fiscal year ends differ between companies; each row shows that company’s own latest annual period. Figures are the filers’ own, normalized from their SEC filings.
This screen runs as gross_margin > 50% AND revenue > 1b. Open it in the screener to change the conditions, or read the methodology for how each figure is chosen.