Blue Star HeliumASX:BNL Gross Margin % is -51,300.00% as of Dec. 2025. The stock has 2 warning signs investors should review. Among 872 Oil & Gas companies, Blue Star Helium ranks worse than 100% on this metric.
The historical rank and industry rank for Blue Star Helium's Gross Margin % or its related term are showing as below:
ASX:BNL'
s Gross Margin % Range Over the Past 10 Years
Min: -20460 Med: -41.16 Max: 1412.5
Current: -20460
During the past 13 years, the highestGross Margin % of Blue Star Helium was 1412.50%. The lowest was -20460.00%. And the median was -41.16%.
ASX:BNL's Gross Margin % is ranked worse than 100% of 872
companies
in the Oil & Gas industry
Industry Median: 25.62
vs ASX:BNL: -20460.00
Blue Star Helium had a gross margin of -51,300.00% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Blue Star Helium was 0.00% per year.
Blue Star Helium (ASX:BNL) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Blue Star Helium had a gross margin of -51,300.00% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Blue Star Helium Gross Margin % Related Terms
Blue Star Helium Gross Margin % Historical Data
* Premium members only.
The historical data trend for Blue Star Helium's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ASX:BNL vs COP, EOG, FANG: Gross Margin % Comparison
For the Oil & Gas E&P subindustry, Blue Star Helium's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Blue Star Helium Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Blue Star Helium's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Blue Star Helium's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Blue Star Helium (ASX:BNL) has a Gross Margin % of -51,300.00% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Blue Star Helium and its competitors. According to the industry distribution chart, Blue Star Helium ranks #872 out of 872 companies in the Oil & Gas industry.
Is Blue Star Helium's Gross Margin % too high?
Blue Star Helium's current Gross Margin % is -51,300.00%. Based on the distribution chart, Blue Star Helium ranks #872 out of 872 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers.
How does Blue Star Helium's Gross Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Blue Star Helium ranks #872 out of 872 companies for Gross Margin %. This places Blue Star Helium in the lower half of its industry. The industry median Gross Margin % is 25.62. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.62, based on 872 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Blue Star Helium and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blue Star Helium's current Gross Margin % is -51,300.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Star Helium stock overvalued right now?
Blue Star Helium (ASX:BNL) has a current Gross Margin % of -51,300.00%. The current Gross Margin % is -51,300.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Blue Star Helium (ASX:BNL), the current Gross Margin % is -51,300.00% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Blue Star Helium Ltd is an independent helium exploration and production company, headquartered in Australia, with operations and exploration in North America. Blue Star is focused on providing its shareholders with exposure to multiple high-value helium projects in North America. Its project portfolio comprises the Galactica-Pegasus Project, located in Las Animas County, Colorado, and the Voyager Project. The company is organised into one main operating segment, which involves helium (including oil and gas) exploration, development, and production in the USA.
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