Avantor (AVTR) Gross Margin (2018 - 2026)
Avantor (AVTR) reported Gross Margin of 31.49% for Q3 2026, down 0.93 percentage points from 32.42% a year earlier and down 0.24 percentage points from the prior quarter.
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Analysis
Avantor (AVTR) Gross Margin (2018 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Avantor's Gross Margin came in at 31.59%, down 1.54 percentage points year-over-year; for FY2025, it came in at 32.65%, down 0.95 percentage points from FY2024.
- Gross Margin has declined for three consecutive years, though with a five-year change of +0.11 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 33.60% in FY2024 (-0.33 pp), 33.93% in FY2023 (-0.72 pp), 34.65% in FY2022 (+0.76 pp) and 33.88% in FY2021 (+1.34 pp).
- The Q3 2026 figure ranks as the lowest quarterly Gross Margin since Q4 2018.
- Year over year, Gross Margin has now declined in each of the last seven quarters, with an average year-over-year change of -0.97 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q3 2022 (a gain of 1.47 percentage points); the low point was Q1 2026 (a drop of 2.16 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 31.73% (Q2 2026), 31.66% (Q1 2026) and 31.49% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 70.03 Bn | 69.15 Bn | 2.05 Bn | 41.81% |
| 2 | W.W. Grainger | 68.13 Bn | 65.49 Bn | 2.01 Bn | 38.81% |
| 3 | Fastenal | 62.04 Bn | 61.04 Bn | 1.10 Bn | 44.85% |
| 4 | Ferguson Enterprises | 49.55 Bn | 46.77 Bn | 2.32 Bn | 31.02% |
| 5 | Sunbelt Rentals Holdings | 33.45 Bn | 33.33 Bn | 1.25 Bn | 40.10% |
| 6 | Reliance | 21.95 Bn | 21.01 Bn | 1.45 Bn | 27.89% |
| 7 | Wesco International | 15.78 Bn | 12.83 Bn | 1.57 Bn | 21.67% |
| 8 | Watsco | 11.75 Bn | 9.43 Bn | 578.93 Mn | 27.50% |
| 9 | Applied Industrial Technologies | 10.98 Bn | 10.87 Bn | 392.21 Mn | 30.38% |
| 10 | Avantor | 10.60 Bn | 9.18 Bn | 534.80 Mn | 31.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.49% |
| Jun 30, 2026 | 31.73% |
| Mar 31, 2026 | 31.66% |
| Dec 31, 2025 | 31.49% |
| Sep 30, 2025 | 32.42% |
| Jun 30, 2025 | 32.92% |
| Mar 31, 2025 | 33.82% |
| Dec 31, 2024 | 33.37% |
| Sep 30, 2024 | 32.92% |
| Jun 30, 2024 | 34.15% |
| Mar 31, 2024 | 33.96% |
| Dec 31, 2023 | 33.11% |
| Sep 30, 2023 | 33.64% |
| Jun 30, 2023 | 33.83% |
| Mar 31, 2023 | 35.10% |
| Dec 31, 2022 | 34.23% |
| Sep 30, 2022 | 35.05% |
| Jun 30, 2022 | 33.90% |
| Mar 31, 2022 | 35.37% |
| Dec 31, 2021 | 33.94% |
API Access
Avantor Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=AVTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "AVTR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=AVTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();