Mind Technology (MIND) Gross Margin (2010 - 2026)
Mind Technology's Gross Margin came in at 37.18% for fiscal Q2 2027 (quarter ended Jul 31, 2026), down 13.18 percentage points from 50.36% a year earlier and down 5.18 percentage points from the prior quarter.
Mind Technology (MIND) Gross Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Mind Technology reported Gross Margin of 42.24%, down 3.28 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 45.58%, up 0.84 percentage points from FY2025.
- Gross Margin has increased in each of the last four fiscal years, with a five-year change of +11.13 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Gross Margin was 44.74% in FY2025 (+1.00 pp), 43.74% in FY2024 (+3.96 pp), 39.78% in FY2023 (+13.72 pp) and 26.06% in FY2022 (-8.39 pp).
- The fiscal Q2 2027 figure represents the lowest quarterly Gross Margin since fiscal Q3 2023.
- Year-over-year, Gross Margin increased in three of the last eight quarters, with an average year-over-year change of -2.03 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in fiscal Q4 2023 (a gain of 45.70 percentage points), and the weakest in fiscal Q4 2022 (a drop of 37.33 percentage points).
- Business Quant data shows MIND's Gross Margin at 42.36% (Q1 2027), 40.74% (Q4 2026) and 46.58% (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn | 37.78% |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn | 40.51% |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn | 39.04% |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn | 37.71% |
| 7 | Emerson Electric | 87.72 Bn | 80.47 Bn | 2.66 Bn | 54.48% |
| 8 | 3M | 86.87 Bn | 68.33 Bn | 2.68 Bn | 41.28% |
| 9 | Illinois Tool Works | 76.08 Bn | 72.64 Bn | 1.90 Bn | 44.13% |
| 10 | Mind Technology | 39.26 Mn | -32.74 Mn | 2.09 Mn | 37.18% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 37.18% |
| Apr 30, 2026 | 42.36% |
| Jan 31, 2026 | 40.74% |
| Oct 31, 2025 | 46.58% |
| Jul 31, 2025 | 50.36% |
| Apr 30, 2025 | 42.15% |
| Jan 31, 2025 | 43.54% |
| Oct 31, 2024 | 44.78% |
| Jul 31, 2024 | 47.61% |
| Apr 30, 2024 | 43.58% |
| Jan 31, 2024 | 46.65% |
| Oct 31, 2023 | 45.30% |
| Jul 31, 2023 | 38.90% |
| Apr 30, 2023 | 42.80% |
| Jan 31, 2023 | 47.96% |
| Oct 31, 2022 | 28.37% |
| Jul 31, 2022 | 40.61% |
| Apr 30, 2022 | 36.19% |
| Jan 31, 2022 | 2.26% |
| Oct 31, 2021 | 37.98% |
Mind Technology 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=MIND&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MIND", "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=MIND&period=max&api_key=YOUR_API_KEY");
const data = await res.json();