Nickel IndustriesASX:NIC +1.12%65 Gross Margin % is 13.26% as of Dec. 2025, which is 50% below its 10-year median of 26.77. GuruFocus rates ASX:NIC with a GF Score™ of 65/100 and a GF Value™ of A$0.74 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 730 Metals & Mining companies, Nickel Industries ranks worse than 63.15% on this metric.
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
Nickel Industries had a gross margin of 13.26% for the quarter that ended in Dec. 2025 => No sustainable 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.
Nickel Industries Gross Margin % Related Terms
Nickel Industries Gross Margin % Historical Data
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The historical data trend for Nickel Industries'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 Other Industrial Metals & Mining subindustry, Nickel Industries'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.
Nickel Industries Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Industries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Nickel Industries'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.
Nickel Industries (ASX:NIC) has a Gross Margin % of 13.26% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Nickel Industries and its competitors. This is 50% below median its historical median of 26.77. Over the past decade, Nickel Industries' Gross Margin % has ranged from 17.04 to 39.13. According to the industry distribution chart, Nickel Industries ranks #461 out of 730 companies in the Metals & Mining industry, placing it in the top 63.2%.
Is Nickel Industries' Gross Margin % too high?
Nickel Industries' current Gross Margin % of 13.26% is 50% below median its 10-year median of 26.77. Over the past 10 years, this metric has ranged from a low of 17.04 to a high of 39.13. The Metals & Mining industry median Gross Margin % is 26.18. Nickel Industries' value of 13.26% is 49.3% below this industry median. Based on the distribution chart, Nickel Industries ranks #461 out of 730 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Nickel Industries has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Industries' Gross Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Industries ranks #461 out of 730 companies for Gross Margin %. This places Nickel Industries in the lower half of its industry. The industry median Gross Margin % is 26.18. Nickel Industries' value of 13.26% is 49.3% below this benchmark. Historically, Nickel Industries' own Gross Margin % has ranged from 17.04 to 39.13 over the past decade. While the company's 10-year median is 26.77 vs. the industry median of 26.18, Nickel Industries has consistently been below 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. Nickel Industries's current Gross Margin % of 13.26% is 49.3% below 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 Nickel Industries 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. Nickel Industries's current Gross Margin % is 13.26%, which is 50% below median its own 10-year median of 26.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Industries stock overvalued right now?
Based on GuruFocus' analysis, Nickel Industries (ASX:NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.74, compared to a current price of A$0.90 — trading 21.6% above its estimated fair value. The current Gross Margin % is 13.26%, which is 50% below median its 10-year median of 26.77 and 49.3% below the Metals & Mining industry median of 26.18. Nickel Industries' overall GF Score™ is 65/100 with 10 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 Nickel Industries (ASX:NIC), the current Gross Margin % is 13.26% 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 Nickel Industries (ASX:NIC) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Industries stock appears to be overvalued.
The current stock price of A$0.90 is trading 21.6% above its estimated GF Value™ of A$0.74.
GuruFocus considers Nickel Industries to be Modestly Overvalued.
Key valuation signals for ASX:NIC:
Gross Margin %: 13.26% (50% below median its 10-year median of 26.77)
GF Value™: A$0.74 vs. price of A$0.90 (21.6% above fair value)
Industry Position: 49.3% below the Metals & Mining median (#461 of 730)
No single metric tells the full story. See the ASX:NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. The group has three segments: nickel ore mining in Indonesia, the RKEF projects in Indonesia and Singapore, and the HPAL projects in Indonesia. Its principal operations, located in Indonesia, are the Hengjaya Nickel, Oracle Nickel, and RKEF projects located within the Indonesia Morowali Industrial Park (IMIP), the Angel Nickel RKEF Project within the Indonesia Weda Bay Industrial Park (IWIP), and the Hengjaya Mine, a large tonnage, high grade nickel laterite deposit in proximity to the IMIP.
65GF Score
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