Legacy Iron OreASX:LCY Gross Margin % is 95.99% as of Mar. 2026, which is 1% above its 10-year median of 95.24. The stock has 2 warning signs investors should review. Among 730 Metals & Mining companies, Legacy Iron Ore ranks better than 97.81% on this metric.
The historical rank and industry rank for Legacy Iron Ore's Gross Margin % or its related term are showing as below:
ASX:LCY'
s Gross Margin % Range Over the Past 10 Years
Min: 92.69 Med: 95.24 Max: 97.78
Current: 97.78
During the past 13 years, the highestGross Margin % of Legacy Iron Ore was 97.78%. The lowest was 92.69%. And the median was 95.24%.
ASX:LCY's Gross Margin % is ranked better than 97.81% of 730
companies
in the Metals & Mining industry
Industry Median: 26.175
vs ASX:LCY: 97.78
Legacy Iron Ore had a gross margin of 95.99% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Legacy Iron Ore was 0.00% per year.
Legacy Iron Ore (ASX:LCY) 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
Legacy Iron Ore had a gross margin of 95.99% for the quarter that ended in Mar. 2026 => 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.
Legacy Iron Ore Gross Margin % Related Terms
Legacy Iron Ore Gross Margin % Historical Data
* Premium members only.
The historical data trend for Legacy Iron Ore'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.
Legacy Iron Ore Gross Margin % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Legacy Iron Ore'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.
Legacy Iron Ore Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Legacy Iron Ore's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Legacy Iron Ore'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.
Legacy Iron Ore (ASX:LCY) has a Gross Margin % of 95.99% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Legacy Iron Ore and its competitors. This is near median its historical median of 95.24. Over the past decade, Legacy Iron Ore's Gross Margin % has ranged from 92.69 to 97.78. According to the industry distribution chart, Legacy Iron Ore ranks #16 out of 730 companies in the Metals & Mining industry, placing it in the top 2.2%.
Is Legacy Iron Ore's Gross Margin % too high?
Legacy Iron Ore's current Gross Margin % of 95.99% is near median its 10-year median of 95.24. Over the past 10 years, this metric has ranged from a low of 92.69 to a high of 97.78. The Metals & Mining industry median Gross Margin % is 26.18. Legacy Iron Ore's value of 95.99% is 266.7% above this industry median. Based on the distribution chart, Legacy Iron Ore ranks #16 out of 730 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Legacy Iron Ore's Gross Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Legacy Iron Ore ranks #16 out of 730 companies for Gross Margin %. This places Legacy Iron Ore in the top 2% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.18. Legacy Iron Ore's value of 95.99% is 266.7% above this benchmark. Historically, Legacy Iron Ore's own Gross Margin % has ranged from 92.69 to 97.78 over the past decade. While the company's 10-year median is 95.24 vs. the industry median of 26.18, Legacy Iron Ore 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 Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.18, based on 730 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. Legacy Iron Ore's current Gross Margin % of 95.99% is 266.7% 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 Legacy Iron Ore and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legacy Iron Ore's current Gross Margin % is 95.99%, which is near median its own 10-year median of 95.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legacy Iron Ore stock overvalued right now?
Legacy Iron Ore (ASX:LCY) has a current Gross Margin % of 95.99%. The current Gross Margin % is 95.99%, which is near median its 10-year median of 95.24 and 266.7% above the Metals & Mining industry median of 26.18. 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 Legacy Iron Ore (ASX:LCY), the current Gross Margin % is 95.99% as of Mar. 2026. 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.
Legacy Iron Ore Ltd is an active exploration and gold mining company with a diverse portfolio of prospective assets. The company owns a gold mine at Mount Celia and is advancing the development of additional gold, iron, and base metal assets in Western Australia through systematic exploration and mine development programs. Its portfolio comprises three key projects, namely Mt Bevan, South Laverton, and East Kimberley. The company has three reportable segments: Iron ore exploration and development in Australia; (ii) Gold exploration and development in Australia, and (iii) Base metals and other critical minerals (OCM) exploration and development in Australia. The majority of revenue is derived from the Gold segment.
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