Big 5 Sporting Goods Corp gross margin has been in long-term decline. The average rate of decline per year is -1.4%.
The historical rank and industry rank for Big 5 Sporting Goods's Gross Margin % or its related term are showing as below:
BGFV'
s Gross Margin % Range Over the Past 10 Years
Min: 29.09 Med: 31.9 Max: 37.51
Current: 29.09
During the past 13 years, the highestGross Margin % of Big 5 Sporting Goods was 37.51%. The lowest was 29.09%. And the median was 31.90%.
BGFV's Gross Margin % is not ranked
in the Retail - Cyclical industry.
Industry Median: 36.26
vs BGFV: 29.09
Big 5 Sporting Goods had a gross margin of 28.21% for the quarter that ended in Jun. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Big 5 Sporting Goods was -1.40% per year.
Big 5 Sporting Goods (NAS:BGFV) 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
Big 5 Sporting Goods had a gross margin of 28.21% for the quarter that ended in Jun. 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.
Big 5 Sporting Goods Gross Margin % Related Terms
Big 5 Sporting Goods Gross Margin % Historical Data
* Premium members only.
The historical data trend for Big 5 Sporting Goods'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.
BGFV vs JBDI, TLF, RECT: Gross Margin % Comparison
For the Specialty Retail subindustry, Big 5 Sporting Goods'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.
Big 5 Sporting Goods Gross Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Big 5 Sporting Goods's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Big 5 Sporting Goods'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.
Big 5 Sporting Goods (BGFV) has a Gross Margin % of 28.21% as of Jun. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Big 5 Sporting Goods and its competitors. This is 12% below median its historical median of 31.90. Over the past decade, Big 5 Sporting Goods' Gross Margin % has ranged from 29.09 to 37.51.
Is Big 5 Sporting Goods' Gross Margin % too high?
Big 5 Sporting Goods' current Gross Margin % of 28.21% is 12% below median its 10-year median of 31.90. Over the past 10 years, this metric has ranged from a low of 29.09 to a high of 37.51. The Retail - Cyclical industry median Gross Margin % is 36.26. Big 5 Sporting Goods' value of 28.21% is 22.2% below this industry median. Overall, Big 5 Sporting Goods has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Big 5 Sporting Goods' Gross Margin % compare to JBDI and TLF?
Big 5 Sporting Goods' Gross Margin % of 28.21% can be compared against companies in the Retail - Cyclical industry. The industry median Gross Margin % is 36.26. Big 5 Sporting Goods' value of 28.21% is 22.2% below this benchmark. Historically, Big 5 Sporting Goods' own Gross Margin % has ranged from 29.09 to 37.51 over the past decade. While the company's 10-year median is 31.90 vs. the industry median of 36.26, Big 5 Sporting Goods 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 Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.26, based on 1,113 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. Big 5 Sporting Goods's current Gross Margin % of 28.21% is 22.2% 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 Big 5 Sporting Goods and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Big 5 Sporting Goods's current Gross Margin % is 28.21%, which is 12% below median its own 10-year median of 31.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Big 5 Sporting Goods stock overvalued right now?
Big 5 Sporting Goods (BGFV) has a current Gross Margin % of 28.21%. The stock's GF Value™ is $3.96, compared to a current price of $1.44 — trading 63.6% below its estimated fair value. The current Gross Margin % is 28.21%, which is 12% below median its 10-year median of 31.90 and 22.2% below the Retail - Cyclical industry median of 36.26. Big 5 Sporting Goods' overall GF Score™ is 16/100 with 7 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 Big 5 Sporting Goods (BGFV), the current Gross Margin % is 28.21% as of Jun. 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 Big 5 Sporting Goods (BGFV) Overvalued in 2026?
Based on GuruFocus' analysis, Big 5 Sporting Goods stock appears to be undervalued.
The current stock price of $1.44 is trading 63.6% below its estimated GF Value™ of $3.96.
Key valuation signals for BGFV:
Gross Margin %: 28.21% (12% below median its 10-year median of 31.90)
GF Value™: $3.96 vs. price of $1.44 (63.6% below fair value)
Industry Position: 22.2% below the Retail - Cyclical median
No single metric tells the full story. See the BGFV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Big 5 Sporting Goods Corp is a specialty retailer company that is principally engaged in the sale of sporting goods in the Western United States. Its product mix includes athletic shoes, apparel, and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation and roller sports. The company operates solely as a sporting goods retailer, which includes both its retail stores and an e-commerce platform. The company operates a distribution center located in Riverside, California, that services all of its stores and e-commerce platform.
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