Millcon Steel PCLBKK:MILL-R Gross Margin % is 2.17% as of Sep. 2025, which is 57% below its 10-year median of 5.07. The stock has 8 warning signs investors should review. Among 597 Steel companies, Millcon Steel PCL ranks worse than 97.15% 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
Millcon Steel PCL had a gross margin of 2.17% for the quarter that ended in Sep. 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.
Millcon Steel PCL Gross Margin % Related Terms
Millcon Steel PCL Gross Margin % Historical Data
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The historical data trend for Millcon Steel PCL'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.
BKK:MILL-R vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, Millcon Steel PCL'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.
Millcon Steel PCL Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Millcon Steel PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Millcon Steel PCL'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.
Millcon Steel PCL (BKK:MILL-R) has a Gross Margin % of 2.17% as of Sep. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Millcon Steel PCL and its competitors. This is 57% below median its historical median of 5.07. According to the industry distribution chart, Millcon Steel PCL ranks #580 out of 597 companies in the Steel industry, placing it in the top 97.2%.
Is Millcon Steel PCL's Gross Margin % too high?
Millcon Steel PCL's current Gross Margin % of 2.17% is 57% below median its 10-year median of 5.07. The Steel industry median Gross Margin % is 12.60. Millcon Steel PCL's value of 2.17% is 82.8% below this industry median. Based on the distribution chart, Millcon Steel PCL ranks #580 out of 597 companies in the Steel industry, which is in the bottom quartile relative to peers.
How does Millcon Steel PCL's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Millcon Steel PCL ranks #580 out of 597 companies for Gross Margin %. This places Millcon Steel PCL in the lower half of its industry. The industry median Gross Margin % is 12.60. Millcon Steel PCL's value of 2.17% is 82.8% below this benchmark. While the company's 10-year median is 5.07 vs. the industry median of 12.60, Millcon Steel PCL 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 Steel company?
The median Gross Margin % among Steel companies is 12.60, based on 597 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. Millcon Steel PCL's current Gross Margin % of 2.17% is 82.8% 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 Millcon Steel PCL and its competitors. For the Steel industry, the median Gross Margin % is 12.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millcon Steel PCL's current Gross Margin % is 2.17%, which is 57% below median its own 10-year median of 5.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millcon Steel PCL stock overvalued right now?
Millcon Steel PCL (BKK:MILL-R) has a current Gross Margin % of 2.17%. The current Gross Margin % is 2.17%, which is 57% below median its 10-year median of 5.07 and 82.8% below the Steel industry median of 12.60. 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 Millcon Steel PCL (BKK:MILL-R), the current Gross Margin % is 2.17% as of Sep. 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.
Millcon Steel PCL principal activity is manufacturing and trading of steel. The reportable segments of the company are the Manufacturing segment and Trading segment. The company generates majority of revenue from Manufacturing segment. The vast majority of its revenue comes from the Domestic Market. Its products and services are REINFORCING STEEL BARS, ROUND STEEL BARS, REINFORCING STEEL BARS (THREADED TYPE), WIRE, STEEL PIPE, C-SHAPED STEEL, GALVANIZED STEEL.
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