First GrapheneASX:FGR +5.26% Gross Margin % is 25.80% as of Dec. 2025, which is 20% above its 10-year median of 21.58. The stock has 4 warning signs investors should review. Among 1,564 Chemicals companies, First Graphene ranks better than 85.42% on this metric.
The historical rank and industry rank for First Graphene's Gross Margin % or its related term are showing as below:
ASX:FGR'
s Gross Margin % Range Over the Past 10 Years
Min: -30.43 Med: 21.58 Max: 71
Current: 42.63
During the past 13 years, the highestGross Margin % of First Graphene was 71.00%. The lowest was -30.43%. And the median was 21.58%.
ASX:FGR's Gross Margin % is ranked better than 85.42% of 1564
companies
in the Chemicals industry
Industry Median: 23.375
vs ASX:FGR: 42.63
First Graphene had a gross margin of 25.80% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for First Graphene was 15.60% per year.
First Graphene (ASX:FGR) 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
First Graphene had a gross margin of 25.80% for the quarter that ended in Dec. 2025 => Competition eroding margins
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.
First Graphene Gross Margin % Related Terms
First Graphene Gross Margin % Historical Data
* Premium members only.
The historical data trend for First Graphene'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.
For the Chemicals subindustry, First Graphene'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.
First Graphene Gross Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, First Graphene's Gross Margin % distribution charts can be found below:
* The bar in red indicates where First Graphene'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.
First Graphene (ASX:FGR) has a Gross Margin % of 25.80% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on First Graphene and its competitors. This is 20% above median its historical median of 21.58. According to the industry distribution chart, First Graphene ranks #228 out of 1564 companies in the Chemicals industry, placing it in the top 14.6%.
Is First Graphene's Gross Margin % too high?
First Graphene's current Gross Margin % of 25.80% is 20% above median its 10-year median of 21.58. The Chemicals industry median Gross Margin % is 23.38. First Graphene's value of 25.80% is 10.4% above this industry median. Based on the distribution chart, First Graphene ranks #228 out of 1564 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers.
How does First Graphene's Gross Margin % compare to DOW?
According to the Chemicals industry distribution chart, First Graphene ranks #228 out of 1564 companies for Gross Margin %. This places First Graphene in the top 15% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.38. First Graphene's value of 25.80% is 10.4% above this benchmark. While the company's 10-year median is 21.58 vs. the industry median of 23.38, First Graphene 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 Chemicals company?
The median Gross Margin % among Chemicals companies is 23.38, based on 1,564 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. First Graphene's current Gross Margin % of 25.80% is 10.4% 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 First Graphene and its competitors. For the Chemicals industry, the median Gross Margin % is 23.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Graphene's current Gross Margin % is 25.80%, which is 20% above median its own 10-year median of 21.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Graphene stock overvalued right now?
Based on GuruFocus' analysis, First Graphene (ASX:FGR) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.04, compared to a current price of A$0.06 — trading 50% above its estimated fair value. The current Gross Margin % is 25.80%, which is 20% above median its 10-year median of 21.58 and 10.4% above the Chemicals industry median of 23.38. 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 First Graphene (ASX:FGR), the current Gross Margin % is 25.80% 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.
First Graphene Ltd is an advanced materials company. It is the producer of graphene which is exfoliated from high-grade, crystalline Sri Lankan graphite. The company's graphene products are used in Fire retardant coatings, Concrete strengthening, Battery electrode materials, Conductive inks and sensors, Rubber and composite strengthening and Moisture barrier in thermoset composites. Its operating segments includes Graphene production; Research and development; Corporate services and Mining Asset Maintenance. The company generates maximum revenue from the Graphene production segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:FGR has been successfully added to your 