Mineral ResourcesASX:MIN +1.40%82 Gross Margin % is 94.42% as of Dec. 2025, which is 6% above its 10-year median of 88.90. GuruFocus rates ASX:MIN with a GF Score™ of 82/100 and a GF Value™ of A$72.21 (Fairly Valued). The stock has 12 warning signs investors should review. Among 730 Metals & Mining companies, Mineral Resources ranks better than 94.25% on this metric.
Mineral Resources Ltd gross margin has been in long-term decline. The average rate of decline per year is -5%.
The historical rank and industry rank for Mineral Resources's Gross Margin % or its related term are showing as below:
ASX:MIN'
s Gross Margin % Range Over the Past 10 Years
Min: 73.34 Med: 88.9 Max: 96.74
Current: 81.38
During the past 13 years, the highestGross Margin % of Mineral Resources was 96.74%. The lowest was 73.34%. And the median was 88.90%.
ASX:MIN's Gross Margin % is ranked better than 94.25% of 730
companies
in the Metals & Mining industry
Industry Median: 26.045
vs ASX:MIN: 81.38
Mineral Resources had a gross margin of 94.42% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Mineral Resources was -5.00% per year.
Mineral Resources (ASX:MIN) 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
Mineral Resources had a gross margin of 94.42% 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.
Mineral Resources Gross Margin % Related Terms
Mineral Resources Gross Margin % Historical Data
* Premium members only.
The historical data trend for Mineral Resources'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.
Mineral Resources Gross Margin % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Mineral Resources'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.
Mineral Resources Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Mineral Resources's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mineral Resources'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.
Mineral Resources (ASX:MIN) has a Gross Margin % of 94.42% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Mineral Resources and its competitors. This is near median its historical median of 88.90. Over the past decade, Mineral Resources' Gross Margin % has ranged from 73.34 to 96.74. According to the industry distribution chart, Mineral Resources ranks #42 out of 730 companies in the Metals & Mining industry, placing it in the top 5.8%.
Is Mineral Resources' Gross Margin % too high?
Mineral Resources' current Gross Margin % of 94.42% is near median its 10-year median of 88.90. Over the past 10 years, this metric has ranged from a low of 73.34 to a high of 96.74. The Metals & Mining industry median Gross Margin % is 26.05. Mineral Resources' value of 94.42% is 262.5% above this industry median. Based on the distribution chart, Mineral Resources ranks #42 out of 730 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Mineral Resources has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mineral Resources' Gross Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Mineral Resources ranks #42 out of 730 companies for Gross Margin %. This places Mineral Resources in the top 6% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.05. Mineral Resources' value of 94.42% is 262.5% above this benchmark. Historically, Mineral Resources' own Gross Margin % has ranged from 73.34 to 96.74 over the past decade. While the company's 10-year median is 88.90 vs. the industry median of 26.05, Mineral Resources 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 26.05, 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. Mineral Resources's current Gross Margin % of 94.42% is 262.5% 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 Mineral Resources and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mineral Resources's current Gross Margin % is 94.42%, which is near median its own 10-year median of 88.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mineral Resources stock overvalued right now?
Based on GuruFocus' analysis, Mineral Resources (ASX:MIN) is currently considered Fairly Valued. The stock's GF Value™ is A$72.21, compared to a current price of A$65.86 — trading 8.8% below its estimated fair value. The current Gross Margin % is 94.42%, which is near median its 10-year median of 88.90 and 262.5% above the Metals & Mining industry median of 26.05. Mineral Resources' overall GF Score™ is 82/100 with 12 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 Mineral Resources (ASX:MIN), the current Gross Margin % is 94.42% 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.
Is Mineral Resources (ASX:MIN) Overvalued in 2026?
Based on GuruFocus' analysis, Mineral Resources stock appears to be undervalued.
The current stock price of A$65.86 is trading 8.8% below its estimated GF Value™ of A$72.21.
GuruFocus considers Mineral Resources to be Fairly Valued.
Key valuation signals for ASX:MIN:
Gross Margin %: 94.42% (near median its 10-year median of 88.90)
GF Value™: A$72.21 vs. price of A$65.86 (8.8% below fair value)
Industry Position: 262.5% above the Metals & Mining median (#42 of 730)
No single metric tells the full story. See the ASX:MIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.
82GF Score
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