Research · refreshed nightly · August 17, 2026
The 80% Gross Margin Club (October 2026)
Gross margins above 80 percent.
Fifty companies make the 80% gross margin club, and at the top the number stops discriminating: six names post 99%, from Lexicon Pharmaceuticals at $661M to VICI Properties at $29B. Visa, at $570B, manages 98%. The median for the whole group is 96%, which says the club's entry bar sits far below where members actually live.
The honest caveat is that a 99% gross margin means different things in different bodies. For a royalty-like REIT such as VICI it reflects structure; for a drug developer like Lexicon, growing revenue 198% a year, it reflects a young product line. Margin is where a moat shows up, not proof one exists. Click any name for the full citation-backed analysis.
50companies qualify
97.5%median gross margin
48median MGI
22joined this week
The ranking
Sorted by gross margin
1
LandBridge Company LLCLB🇺🇸
gross margin 99% · revenue +46%/yr · asset light
G 69V 50O 69Cap $6.1B
MGI
69
MVI
50
MTI
40
MOI
69
Cap
$6.1B
Growth
+41%2
Travere Therapeutics, Inc.TVTX🇺🇸
gross margin 99% · revenue +35%/yr · asset light
G 60V 60O 64Cap $5.6B
MGI
60
MVI
60
MTI
52
MOI
64
Cap
$5.6B
Growth
+48%3
On the Beach Group plcOTB.GB🇬🇧
gross margin 99% · revenue +19%/yr · asset light
G 56V 66O 61Cap $352.5M
MGI
56
MVI
66
MTI
48
MOI
61
Cap
$352.5M
Growth
+2%4
11
11 bit studios S.A.11B.PL🇵🇱
gross margin 99% · revenue +15%/yr · asset light
G 47V 69O 51Cap $85.2M
MGI
47
MVI
69
MTI
52
MOI
51
Cap
$85.2M
Growth
+15%5
LondonMetric Property PlcLMP.GB🇬🇧
gross margin 99% · revenue +29%/yr · asset light
G 40V 52O 41Cap $6.0B
MGI
40
MVI
52
MTI
43
MOI
41
Cap
$6.0B
Growth
+17%6
GATX CorporationGATX🇺🇸
gross margin 99% · revenue +10%/yr · asset light
G 32V 52O 33Cap $6.3B
MGI
32
MVI
52
MTI
40
MOI
33
Cap
$6.3B
Growth
+38%7
The Gym Group plcGYM.GB🇬🇧
gross margin 99% · revenue +25%/yr · asset light
G 49V 68O 54Cap $424.4M
MGI
49
MVI
68
MTI
42
MOI
54
Cap
$424.4M
Growth
+8%8
Pollen Street Group LimitedPOLN.GB🇬🇧
gross margin 99% · revenue +22%/yr · asset light
G 53V 66O 57Cap $730.8M
MGI
53
MVI
66
MTI
50
MOI
57
Cap
$730.8M
Growth
+16%9
Lexicon Pharmaceuticals, Inc.LXRX🇺🇸
gross margin 99% · revenue +168%/yr · asset light
G 26V 38O 25Cap $1.1B
MGI
26
MVI
38
MTI
63
MOI
25
Cap
$1.1B
Growth
-98%10
VICI Properties Inc.VICI🇺🇸
gross margin 99% · revenue +22%/yr · asset light
G 34V 54O 35Cap $29.1B
MGI
34
MVI
54
MTI
46
MOI
35
Cap
$29.1B
Growth
+6%11
Essential Properties Realty Trust, Inc.EPRT🇺🇸
gross margin 99% · revenue +22%/yr · asset light
G 50V 55O 51Cap $6.6B
MGI
50
MVI
55
MTI
35
MOI
51
Cap
$6.6B
Growth
+18%12
Wallix Group S.A.ALLIX.FR🇫🇷
gross margin 99% · revenue +15%/yr · asset light
G 47V 60O 49Cap $186.9M
MGI
47
MVI
60
MTI
55
MOI
49
Cap
$186.9M
Growth
+19%13
Qt Group PlcQTCOM.FI🇫🇮
gross margin 98% · revenue +14%/yr · asset light
G 49V 54O 50Cap $817.2M
MGI
49
MVI
54
MTI
46
MOI
50
Cap
$817.2M
Growth
+30%14
Lakefront Biotherapeutics NVLKFT🇧🇪
gross margin 98% · revenue +30%/yr · asset light
G 35V 48O 35Cap $1.9B
MGI
35
MVI
48
MTI
65
MOI
35
Cap
$1.9B
Growth
+30%15
EverQuote, Inc.EVER🇺🇸
gross margin 98% · revenue +13%/yr · asset light
G 37V 62O 40Cap $849.5M
MGI
37
MVI
62
MTI
55
MOI
40
Cap
$849.5M
Growth
+25%16
Philogen S.p.A.PHIL.IT🇮🇹
gross margin 98% · revenue +119%/yr · asset light
G 45V 45O 44Cap $1.1B
MGI
45
MVI
45
MTI
55
MOI
44
Cap
$1.1B
Growth
+325%17
Cirsa Enterprises, S.A.CIRSA.ES🇪🇸
gross margin 98% · revenue +17%/yr · asset light
G 36V 66O 40Cap $2.6B
MGI
36
MVI
66
MTI
54
MOI
40
Cap
$2.6B
Growth
+22%18
Arm Holdings plcARM🇬🇧
gross margin 98% · revenue +21%/yr · asset light
G 74V 33O 65Cap $338.6B
MGI
74
MVI
33
MTI
46
MOI
65
Cap
$338.6B
Growth
+22%19
Corcept Therapeutics Inc.CORT🇺🇸
gross margin 98% · revenue +18%/yr · asset light
G 59V 51O 59Cap $10.7B
MGI
59
MVI
51
MTI
48
MOI
59
Cap
$10.7B
Growth
+32%20
Visa Inc.V🇺🇸
gross margin 98% · revenue +12%/yr · asset light
G 62V 53O 64Cap $660.4B
MGI
62
MVI
53
MTI
46
MOI
64
Cap
$660.4B
Growth
+14%21
Cityvarasto OyjCITYVA.FI🇫🇮
gross margin 98% · revenue +17%/yr · asset light
G 48V 58O 50Cap $162.9M
MGI
48
MVI
58
MTI
32
MOI
50
Cap
$162.9M
Growth
+24%22
General de Galerías Comerciales, S.A.GGC.ES🇪🇸
gross margin 98% · revenue +11%/yr · asset light
G 45V 39O 41Cap $4.9B
MGI
45
MVI
39
MTI
50
MOI
41
Cap
$4.9B
Growth
0%23
Zevra Therapeutics, Inc.ZVRA🇺🇸
gross margin 98% · revenue +37%/yr · asset light
G 40V 58O 42Cap $761.6M
MGI
40
MVI
58
MTI
44
MOI
42
Cap
$761.6M
Growth
+53%24
Seri Industrial S.p.A.SERI.IT🇮🇹
gross margin 98% · revenue +52%/yr · asset light
G 19V 67O 20Cap $156.2M
MGI
19
MVI
67
MTI
63
MOI
20
Cap
$156.2M
Growth
+38%25
Neurocrine Biosciences, Inc.NBIX🇺🇸
gross margin 98% · revenue +24%/yr · asset light
G 57V 62O 60Cap $16.3B
MGI
57
MVI
62
MTI
38
MOI
60
Cap
$16.3B
Growth
+40%26
PharmaNutra S.p.A.PHN.IT🇮🇹
gross margin 97% · revenue +16%/yr · asset light
G 65V 56O 67Cap $753.3M
MGI
65
MVI
56
MTI
35
MOI
67
Cap
$753.3M
Growth
+25%27
CareTrust REIT, Inc.CTRE🇺🇸
gross margin 97% · revenue +24%/yr · asset light
G 65V 55O 66Cap $9.3B
MGI
65
MVI
55
MTI
42
MOI
66
Cap
$9.3B
Growth
+65%28
Gaztransport et Technigaz S.A.GTT.FR🇫🇷
gross margin 97% · revenue +21%/yr · asset light
G 62V 59O 67Cap $8.4B
MGI
62
MVI
59
MTI
42
MOI
67
Cap
$8.4B
Growth
+25%29
Gubra A/SGUBRA.DK🇩🇰
gross margin 97% · revenue +73%/yr · asset light
G 61V 64O 65Cap $1.3B
MGI
61
MVI
64
MTI
44
MOI
65
Cap
$1.3B
Growth
+892%30
Heliad AGA7A.DE🇩🇪
gross margin 97% · revenue +96%/yr · asset light
G 34V 60O 35Cap $151.1M
MGI
34
MVI
60
MTI
57
MOI
35
Cap
$151.1M
Growth
-76%31
Terna S.p.A.TRN.IT🇮🇹
gross margin 96% · revenue +10%/yr · asset light
G 54V 57O 57Cap $22.8B
MGI
54
MVI
57
MTI
33
MOI
57
Cap
$22.8B
Growth
-1%32
Aedifica NV/SAAED.BE🇧🇪
gross margin 96% · revenue +11%/yr · asset light
G 38V 53O 39Cap $6.6B
MGI
38
MVI
53
MTI
38
MOI
39
Cap
$6.6B
Growth
+34%33
Admicom OyjADMCM.FI🇫🇮
gross margin 96% · revenue +9%/yr · asset light
G 40V 42O 38Cap $250.7M
MGI
40
MVI
42
MTI
55
MOI
38
Cap
$250.7M
Growth
+5%34
Exelixis, Inc.EXEL🇺🇸
gross margin 96% · revenue +11%/yr · asset light
G 53V 55O 55Cap $13.3B
MGI
53
MVI
55
MTI
47
MOI
55
Cap
$13.3B
Growth
+11%35
Intercede Group plcIGP.GB🇬🇧
gross margin 96% · revenue +10%/yr · asset light
G 56V 55O 57Cap $95.9M
MGI
56
MVI
55
MTI
47
MOI
57
Cap
$95.9M
Growth
-11%36
Alquiber Quality, S.A.ALQ.ES🇪🇸
gross margin 96% · revenue +23%/yr · asset light
G 17V 60O 18Cap $90.6M
MGI
17
MVI
60
MTI
54
MOI
18
Cap
$90.6M
Growth
+14%37
ChemoMetec A/SCHEMM.DK🇩🇰
gross margin 96% · revenue +15%/yr · asset light
G 66V 39O 62Cap $1.9B
MGI
66
MVI
39
MTI
42
MOI
62
Cap
$1.9B
Growth
+22%38
Warehouses De Pauw NV/SAWDP.BE🇧🇪
gross margin 96% · revenue +12%/yr · asset light
G 44V 52O 45Cap $6.0B
MGI
44
MVI
52
MTI
40
MOI
45
Cap
$6.0B
Growth
0%39
trivago N.V.TRVG🇩🇪
gross margin 96% · revenue +11%/yr · asset light
G 19V 51O 19Cap $403.5M
MGI
19
MVI
51
MTI
71
MOI
19
Cap
$403.5M
Growth
+21%40
FW Thorpe PlcTFW.GB🇬🇧
gross margin 96% · revenue +9%/yr · asset light
G 48V 57O 49Cap $414.7M
MGI
48
MVI
57
MTI
42
MOI
49
Cap
$414.7M
Growth
0%41
innoscripta SE1INN.DE🇩🇪
gross margin 96% · revenue +43%/yr · asset light
G 66V 70O 73Cap $867.5M
MGI
66
MVI
70
MTI
53
MOI
73
Cap
$867.5M
Growth
+58%42
Krystal Biotech, Inc.KRYS🇺🇸
gross margin 95% · revenue +106%/yr · asset light
G 54V 47O 53Cap $10.4B
MGI
54
MVI
47
MTI
43
MOI
53
Cap
$10.4B
Growth
+24%43
Robinhood Markets, Inc.HOOD🇺🇸
gross margin 95% · revenue +22%/yr · asset light
G 59V 47O 58Cap $88.0B
MGI
59
MVI
47
MTI
48
MOI
58
Cap
$88.0B
Growth
+32%44
Montea NVMONT.BE🇧🇪
gross margin 95% · revenue +17%/yr · asset light
G 43V 56O 44Cap $1.8B
MGI
43
MVI
56
MTI
42
MOI
44
Cap
$1.8B
Growth
+9%45
Clarkson PLCCKN.GB🇬🇧
gross margin 94% · revenue +11%/yr · asset light
G 42V 51O 43Cap $1.9B
MGI
42
MVI
51
MTI
38
MOI
43
Cap
$1.9B
Growth
-4%46
Foresight Group Holdings LimitedFSG.GB🇬🇧
gross margin 94% · revenue +15%/yr · asset light
G 61V 64O 64Cap $644.6M
MGI
61
MVI
64
MTI
46
MOI
64
Cap
$644.6M
Growth
+11%47
BioArctic ABBIOA.B.SE🇸🇪
gross margin 94% · revenue +113%/yr · asset light
G 62V 68O 67Cap $3.1B
MGI
62
MVI
68
MTI
44
MOI
67
Cap
$3.1B
Growth
-66%48
NerdWallet, Inc.NRDS🇺🇸
gross margin 94% · revenue +18%/yr · asset light
G 40V 70O 44Cap $618.8M
MGI
40
MVI
70
MTI
65
MOI
44
Cap
$618.8M
Growth
+6%
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