iCetanaASX:ICE -2.94% Gross Margin % is 88.38% as of Dec. 2025, which is 12% above its 10-year median of 79.17. The stock has 3 warning signs investors should review. Among 2,685 Software companies, iCetana ranks better than 92.44% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. iCetana's Gross Profit for the
six
months ended in Dec. 2025 was A$1.15 Mil. iCetana's Revenue for the
six
months ended in Dec. 2025 was A$1.30 Mil. Therefore, iCetana's Gross Margin % for the quarter that ended in Dec. 2025 was 88.38%.
Warning Sign:
iCetana Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.7%.
The historical rank and industry rank for iCetana's Gross Margin % or its related term are showing as below:
ASX:ICE'
s Gross Margin % Range Over the Past 10 Years
Min: 57.62 Med: 79.17 Max: 87.28
Current: 85.29
During the past 7 years, the highestGross Margin % of iCetana was 87.28%. The lowest was 57.62%. And the median was 79.17%.
ASX:ICE's Gross Margin % is ranked better than 92.44% of 2685
companies
in the Software industry
Industry Median: 40.45
vs ASX:ICE: 85.29
iCetana had a gross margin of 88.38% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for iCetana was -1.70% per year.
iCetana (ASX:ICE) 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
iCetana had a gross margin of 88.38% 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.
iCetana Gross Margin % Related Terms
iCetana Gross Margin % Historical Data
* Premium members only.
The historical data trend for iCetana'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:ICE vs CRM, SHOP, UBER: Gross Margin % Comparison
For the Software - Application subindustry, iCetana'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.
iCetana Gross Margin % vs Software Industry
For the Software industry and Technology sector, iCetana's Gross Margin % distribution charts can be found below:
* The bar in red indicates where iCetana'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.
iCetana (ASX:ICE) has a Gross Margin % of 88.38% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on iCetana and its competitors. This is 12% above median its historical median of 79.17. Over the past decade, iCetana's Gross Margin % has ranged from 57.62 to 87.28. According to the industry distribution chart, iCetana ranks #203 out of 2685 companies in the Software industry, placing it in the top 7.6%.
Is iCetana's Gross Margin % too high?
iCetana's current Gross Margin % of 88.38% is 12% above median its 10-year median of 79.17. Over the past 10 years, this metric has ranged from a low of 57.62 to a high of 87.28. The Software industry median Gross Margin % is 40.45. iCetana's value of 88.38% is 118.5% above this industry median. Based on the distribution chart, iCetana ranks #203 out of 2685 companies in the Software industry, which is in the top quartile — a strong position relative to peers.
How does iCetana's Gross Margin % compare to CRM and SHOP?
According to the Software industry distribution chart, iCetana ranks #203 out of 2685 companies for Gross Margin %. This places iCetana in the top 8% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.45. iCetana's value of 88.38% is 118.5% above this benchmark. Historically, iCetana's own Gross Margin % has ranged from 57.62 to 87.28 over the past decade. While the company's 10-year median is 79.17 vs. the industry median of 40.45, iCetana 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 Software company?
The median Gross Margin % among Software companies is 40.45, based on 2,685 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. iCetana's current Gross Margin % of 88.38% is 118.5% 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 iCetana and its competitors. For the Software industry, the median Gross Margin % is 40.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iCetana's current Gross Margin % is 88.38%, which is 12% above median its own 10-year median of 79.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iCetana stock overvalued right now?
Based on GuruFocus' analysis, iCetana (ASX:ICE) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.01, compared to a current price of A$0.03 — trading 230% above its estimated fair value. The current Gross Margin % is 88.38%, which is 12% above median its 10-year median of 79.17 and 118.5% above the Software industry median of 40.45. 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 iCetana (ASX:ICE), the current Gross Margin % is 88.38% 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.
iCetana Ltd develops and sells AI-assisted video surveillance software that uses machine learning technology to provide automatic real-time anomalous event detection. Its products include Safety and Security, Analytics, Forensic Quick Find, Facial Recognition, Licence Plate Recognition, and GPT Agents. The company operates through three segments: Asia Pacific (APAC), responsible for sales, marketing, and product development in Australia and the broader Asia Pacific region; North America (NA), managing sales and marketing in the United States and Canada; and Europe, Middle East & Africa (EMEA), handling sales and marketing efforts across Europe, the Middle East, and Africa. The majority of revenue comes from the Asia Pacific (APAC) segment.
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