Avantor (AVTR) Gross Margin (2018 - 2026)
Avantor (AVTR) reported Gross Margin of 31.73% for Q2 2026, down 1.18 percentage points from 32.92% a year earlier but up 0.07 percentage points from the prior quarter.
Powered by 
Analysis
Avantor (AVTR) Gross Margin (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Avantor's Gross Margin came in at 31.83%, down 1.42 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).
- Five-year quarterly Gross Margin spans a low of 31.49% in Q4 2025 and a high of 35.37% in Q1 2022.
- Year over year, Gross Margin has now declined in each of the last six quarters, with an average year-over-year change of -0.94 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q3 2021 (a gain of 2.03 percentage points); the low point was Q1 2026 (a drop of 2.16 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 31.66% (Q1 2026), 31.49% (Q4 2025) and 32.42% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 58.83 Bn | 56.81 Bn | 1.98 Bn | 39.51% |
| 2 | Fastenal | 57.33 Bn | 56.25 Bn | 1.06 Bn | 44.56% |
| 3 | Ferguson Enterprises | 43.46 Bn | 40.68 Bn | 2.32 Bn | 31.02% |
| 4 | Sunbelt Rentals Holdings | 30.25 Bn | 30.13 Bn | 1.25 Bn | 40.10% |
| 5 | Reliance | 19.78 Bn | 18.82 Bn | 1.30 Bn | 28.09% |
| 6 | Wesco International | 17.79 Bn | 15.10 Bn | 1.46 Bn | 21.85% |
| 7 | Applied Industrial Technologies | 12.37 Bn | 12.24 Bn | 411.22 Mn | 30.40% |
| 8 | Watsco | 10.71 Bn | 8.87 Bn | 578.93 Mn | 27.50% |
| 9 | Avantor | 10.31 Bn | 9.11 Bn | 537.00 Mn | 31.73% |
| 10 | Core & Main | 7.69 Bn | 6.99 Bn | 573.00 Mn | 26.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 33.58% |
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();