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Boqii HoldingBQ -5.10%16 Gross Margin % is 26.66% as of Mar. 2026, which is 27% above its 10-year median of 21.00. GuruFocus rates BQ with a GF Score™ of 16/100. The stock has 2 warning signs investors should review. Among 1,119 Retail - Cyclical companies, Boqii Holding ranks worse than 68.28% 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
Boqii Holding had a gross margin of 26.66% for the quarter that ended in Mar. 2026 => 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.
Boqii Holding Gross Margin % Related Terms
Boqii Holding Gross Margin % Historical Data
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The historical data trend for Boqii Holding'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 Specialty Retail subindustry, Boqii Holding'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.
Boqii Holding Gross Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Boqii Holding's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Boqii Holding'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.
Boqii Holding (BQ) has a Gross Margin % of 26.66% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Boqii Holding and its competitors. This is 27% above median its historical median of 21.00. Over the past decade, Boqii Holding's Gross Margin % has ranged from 18.53 to 26.27. According to the industry distribution chart, Boqii Holding ranks #764 out of 1119 companies in the Retail - Cyclical industry, placing it in the top 68.3%.
Is Boqii Holding's Gross Margin % too high?
Boqii Holding's current Gross Margin % of 26.66% is 27% above median its 10-year median of 21.00. Over the past 10 years, this metric has ranged from a low of 18.53 to a high of 26.27. The Retail - Cyclical industry median Gross Margin % is 36.27. Boqii Holding's value of 26.66% is 26.5% below this industry median. Based on the distribution chart, Boqii Holding ranks #764 out of 1119 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Boqii Holding has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Boqii Holding's Gross Margin % compare to GHST and CGTL?
According to the Retail - Cyclical industry distribution chart, Boqii Holding ranks #764 out of 1119 companies for Gross Margin %. This places Boqii Holding in the lower half of its industry. The industry median Gross Margin % is 36.27. Boqii Holding's value of 26.66% is 26.5% below this benchmark. Historically, Boqii Holding's own Gross Margin % has ranged from 18.53 to 26.27 over the past decade. While the company's 10-year median is 21.00 vs. the industry median of 36.27, Boqii Holding 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 36.27, based on 1,119 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. Boqii Holding's current Gross Margin % of 26.66% is 26.5% 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 Boqii Holding and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boqii Holding's current Gross Margin % is 26.66%, which is 27% above median its own 10-year median of 21.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boqii Holding stock overvalued right now?
Boqii Holding (BQ) has a current Gross Margin % of 26.66%. The current Gross Margin % is 26.66%, which is 27% above median its 10-year median of 21.00 and 26.5% below the Retail - Cyclical industry median of 36.27. Boqii Holding's overall GF Score™ is 16/100 with 2 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 Boqii Holding (BQ), the current Gross Margin % is 26.66% 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.
Boqii Holding Ltd operates in the business of selling pet products through online stores. The store provides pet foods, health products, pet grooming products, pet bathing products, pet toys, fish tank, aquatic fertilizer, temperature control equipment, oxygen pump and other related products. Also, the company sells its products through offline channels to pet stores and hospitals.
16GF Score
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