Bhagwan Marine (ASX:BWN) Gross Margin %: 94.63% (As of Dec. 2025) — 51% Above Median


ASX:BWN Bhagwan Marine Ltd ASX:BWN
21 GF Score
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What is Bhagwan Marine Gross Margin %?

Bhagwan Marine ASX:BWN +3.64% 21 Gross Margin % is 94.63% as of Dec. 2025, which is 51% above its 10-year median of 62.76. GuruFocus rates ASX:BWN with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 985 Transportation companies, Bhagwan Marine ranks better than 98.68% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Bhagwan Marine's Gross Profit for the six months ended in Dec. 2025 was A$110.6 Mil. Bhagwan Marine's Revenue for the six months ended in Dec. 2025 was A$116.9 Mil. Therefore, Bhagwan Marine's Gross Margin % for the quarter that ended in Dec. 2025 was 94.63%.


The historical rank and industry rank for Bhagwan Marine's Gross Margin % or its related term are showing as below:

ASX:BWN' s Gross Margin % Range Over the Past 10 Years
Min: 29.84   Med: 62.76   Max: 94.58
Current: 94.58


During the past 4 years, the highest Gross Margin % of Bhagwan Marine was 94.58%. The lowest was 29.84%. And the median was 62.76%.

ASX:BWN's Gross Margin % is ranked better than
98.68% of 985 companies
in the Transportation industry
Industry Median: 20.42 vs ASX:BWN: 94.58

Bhagwan Marine had a gross margin of 94.63% for the quarter that ended in Dec. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Bhagwan Marine was 0.00% per year.


Bhagwan Marine  (ASX:BWN) 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

Bhagwan Marine had a gross margin of 94.63% for the quarter that ended in Dec. 2025 => Durable 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.


Bhagwan Marine Gross Margin % Related Terms


Bhagwan Marine Gross Margin % Historical Data

* Premium members only.

The historical data trend for Bhagwan Marine'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.

Bhagwan Marine Gross Margin % Chart

Bhagwan Marine Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Gross Margin %
29.84 33.96 91.55 93.54

Bhagwan Marine Semi-Annual Data
Jun22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Gross Margin % Get a 7-Day Free Trial 31.78 132.37 92.71 94.54 94.63

Bhagwan Marine Gross Margin % Competitor Comparison

For the Marine Shipping subindustry, Bhagwan Marine'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.


Bhagwan Marine Gross Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Bhagwan Marine's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Bhagwan Marine's Gross Margin % falls into.


ASX:BWN
21GF Score
Bhagwan Marine Ltd ASX:BWN
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bhagwan Marine Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Bhagwan Marine's Gross Margin for the fiscal year that ended in Jun. 2025 is calculated as

Gross Margin % (A: Jun. 2025 )=Gross Profit (A: Jun. 2025 ) / Revenue (A: Jun. 2025 )
=264.8 / 283.038
=(Revenue - Cost of Goods Sold) / Revenue
=(283.038 - 18.281) / 283.038
=93.54 %

Bhagwan Marine's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=110.6 / 116.85
=(Revenue - Cost of Goods Sold) / Revenue
=(116.85 - 6.271) / 116.85
=94.63 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 94.63% mean?
Bhagwan Marine (ASX:BWN) has a Gross Margin % of 94.63% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Bhagwan Marine and its competitors. This is 51% above median its historical median of 62.76. Over the past decade, Bhagwan Marine's Gross Margin % has ranged from 29.84 to 94.58. According to the industry distribution chart, Bhagwan Marine ranks #13 out of 985 companies in the Transportation industry, placing it in the top 1.3%.
Is Bhagwan Marine's Gross Margin % too high?
Bhagwan Marine's current Gross Margin % of 94.63% is 51% above median its 10-year median of 62.76. Over the past 10 years, this metric has ranged from a low of 29.84 to a high of 94.58. The Transportation industry median Gross Margin % is 20.42. Bhagwan Marine's value of 94.63% is 363.4% above this industry median. Based on the distribution chart, Bhagwan Marine ranks #13 out of 985 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Bhagwan Marine has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Bhagwan Marine's Gross Margin % compare to competitors?
According to the Transportation industry distribution chart, Bhagwan Marine ranks #13 out of 985 companies for Gross Margin %. This places Bhagwan Marine in the top 1% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.42. Bhagwan Marine's value of 94.63% is 363.4% above this benchmark. Historically, Bhagwan Marine's own Gross Margin % has ranged from 29.84 to 94.58 over the past decade. While the company's 10-year median is 62.76 vs. the industry median of 20.42, Bhagwan Marine has consistently been above the industry average. 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 a Transportation company?
The median Gross Margin % among Transportation companies is 20.42, based on 985 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. Bhagwan Marine's current Gross Margin % of 94.63% is 363.4% above the industry median. 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 Bhagwan Marine and its competitors. For the Transportation industry, the median Gross Margin % is 20.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bhagwan Marine's current Gross Margin % is 94.63%, which is 51% above median its own 10-year median of 62.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bhagwan Marine stock overvalued right now?
Bhagwan Marine (ASX:BWN) has a current Gross Margin % of 94.63%. The current Gross Margin % is 94.63%, which is 51% above median its 10-year median of 62.76 and 363.4% above the Transportation industry median of 20.42. Bhagwan Marine's overall GF Score™ is 21/100 with 4 warning signs to review. 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 Bhagwan Marine (ASX:BWN), the current Gross Margin % is 94.63% 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.

Bhagwan Marine Business Description

Address 251 St Georges Terrace, Level 3, Perth, WA, AUS, 6000
Bhagwan Marine Ltd is a marine vessel operator and service provider. It is engaged in operating a diverse range of vessels providing marine solutions across the offshore energy, subsea, ports and inshore, and defence sectors. The group has a diverse fleet of purpose-built charter vessels and marine assets available for hire, including ASD harbour tugs, coastal towage tugs, anchor handling tug supply, multicats, dive support vessels, landing craft, crew transfer vessels, and utility vessels, among others. In addition, it provides various marine services such as ROV support, coastal freight, transshipping, vessel line handling, general underwater construction, oil field support services, etc. Geographically, the group derives a majority of its revenue from Australia.
21GF Score

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