Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Gross Margin %: 43.33% (As of Mar. 2026) — Near Median

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BSP:CSMG3 Compania de Saneamento de Minas Gerais - COPASA MG BSP:CSMG3
83 GF Score
Price R$63.16
GF Value R$25.12
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Compania deneamento de Minas Gerais - COPASA MG Gross Margin %?

Compania deneamento de Minas Gerais - COPASA MG BSP:CSMG3 -1.07% 83 Gross Margin % is 43.33% as of Mar. 2026, which is 4% above its 10-year median of 41.58. GuruFocus rates BSP:CSMG3 with a GF Score™ of 83/100 and a GF Value™ of R$25.12 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 491 Utilities - Regulated companies, Compania deneamento de Minas Gerais - COPASA MG ranks better than 70.88% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Compania deneamento de Minas Gerais - COPASA MG's Gross Profit for the three months ended in Mar. 2026 was R$922 Mil. Compania deneamento de Minas Gerais - COPASA MG's Revenue for the three months ended in Mar. 2026 was R$2,128 Mil. Therefore, Compania deneamento de Minas Gerais - COPASA MG's Gross Margin % for the quarter that ended in Mar. 2026 was 43.33%.


The historical rank and industry rank for Compania deneamento de Minas Gerais - COPASA MG's Gross Margin % or its related term are showing as below:

BSP:CSMG3' s Gross Margin % Range Over the Past 10 Years
Min: 36.46   Med: 41.58   Max: 44.99
Current: 41.86


During the past 13 years, the highest Gross Margin % of Compania deneamento de Minas Gerais - COPASA MG was 44.99%. The lowest was 36.46%. And the median was 41.58%.

BSP:CSMG3's Gross Margin % is ranked better than
70.88% of 491 companies
in the Utilities - Regulated industry
Industry Median: 30.95 vs BSP:CSMG3: 41.86

Compania deneamento de Minas Gerais - COPASA MG had a gross margin of 43.33% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Compania deneamento de Minas Gerais - COPASA MG was 0.80% per year.


Compania deneamento de Minas Gerais - COPASA MG  (BSP:CSMG3) 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

Compania deneamento de Minas Gerais - COPASA MG had a gross margin of 43.33% for the quarter that ended in Mar. 2026 => 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.


Compania deneamento de Minas Gerais - COPASA MG Gross Margin % Related Terms


Compania deneamento de Minas Gerais - COPASA MG Gross Margin % Historical Data

* Premium members only.

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG Gross Margin % Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.46 37.49 41.35 42.82 42.41

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.60 41.92 41.03 41.15 43.33

BSP:CSMG3 vs AWK, WTRG, AWR: Gross Margin % Comparison

For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG'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.


Compania deneamento de Minas Gerais - COPASA MG Gross Margin % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Compania deneamento de Minas Gerais - COPASA MG's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's Gross Margin % falls into.


BSP:CSMG3
83GF Score
Compania de Saneamento de Minas Gerais - COPASA MG BSP:CSMG3
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Compania deneamento de Minas Gerais - COPASA MG Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Compania deneamento de Minas Gerais - COPASA MG's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=3532.5 / 8330.19
=(Revenue - Cost of Goods Sold) / Revenue
=(8330.19 - 4797.685) / 8330.19
=42.41 %

Compania deneamento de Minas Gerais - COPASA MG's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=922.2 / 2128.135
=(Revenue - Cost of Goods Sold) / Revenue
=(2128.135 - 1205.964) / 2128.135
=43.33 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 43.33% mean?
Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) has a Gross Margin % of 43.33% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Compania deneamento de Minas Gerais - COPASA MG and its competitors. This is near median its historical median of 41.58. Over the past decade, Compania deneamento de Minas Gerais - COPASA MG's Gross Margin % has ranged from 36.46 to 44.99. According to the industry distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #143 out of 491 companies in the Utilities - Regulated industry, placing it in the top 29.1%.
Is Compania deneamento de Minas Gerais - COPASA MG's Gross Margin % too high?
Compania deneamento de Minas Gerais - COPASA MG's current Gross Margin % of 43.33% is near median its 10-year median of 41.58. Over the past 10 years, this metric has ranged from a low of 36.46 to a high of 44.99. The Utilities - Regulated industry median Gross Margin % is 30.95. Compania deneamento de Minas Gerais - COPASA MG's value of 43.33% is 40% above this industry median. Based on the distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #143 out of 491 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Compania deneamento de Minas Gerais - COPASA MG has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Compania deneamento de Minas Gerais - COPASA MG's Gross Margin % compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #143 out of 491 companies for Gross Margin %. This puts Compania deneamento de Minas Gerais - COPASA MG in the upper half of its industry. The industry median Gross Margin % is 30.95. Compania deneamento de Minas Gerais - COPASA MG's value of 43.33% is 40% above this benchmark. Historically, Compania deneamento de Minas Gerais - COPASA MG's own Gross Margin % has ranged from 36.46 to 44.99 over the past decade. While the company's 10-year median is 41.58 vs. the industry median of 30.95, Compania deneamento de Minas Gerais - COPASA MG 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 an Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 30.95, based on 491 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. Compania deneamento de Minas Gerais - COPASA MG's current Gross Margin % of 43.33% is 40% 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 Compania deneamento de Minas Gerais - COPASA MG and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 30.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Compania deneamento de Minas Gerais - COPASA MG's current Gross Margin % is 43.33%, which is near median its own 10-year median of 41.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Compania deneamento de Minas Gerais - COPASA MG stock overvalued right now?
Based on GuruFocus' analysis, Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$25.12, compared to a current price of R$63.16 — trading 151.4% above its estimated fair value. The current Gross Margin % is 43.33%, which is near median its 10-year median of 41.58 and 40% above the Utilities - Regulated industry median of 30.95. Compania deneamento de Minas Gerais - COPASA MG's overall GF Score™ is 83/100 with 9 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 Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3), the current Gross Margin % is 43.33% 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.

Is Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Overvalued in 2026?

Based on GuruFocus' analysis, Compania deneamento de Minas Gerais - COPASA MG stock appears to be overvalued. The current stock price of R$63.16 is trading 151.4% above its estimated GF Value™ of R$25.12. GuruFocus considers Compania deneamento de Minas Gerais - COPASA MG to be Significantly Overvalued.

Key valuation signals for BSP:CSMG3:

  • Gross Margin %: 43.33% (near median its 10-year median of 41.58)
  • GF Value™: R$25.12 vs. price of R$63.16 (151.4% above fair value)
  • GF Score™: 83/100 with 9 warning signs
  • Industry Position: 40% above the Utilities - Regulated median (#143 of 491)

No single metric tells the full story. See the BSP:CSMG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Compania deneamento de Minas Gerais - COPASA MG Business Description

Address Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900
Compania de Saneamento de Minas Gerais - COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Servicos de Irrigacao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Servicos de Irrigacao S.A. manages, performs, and sells irrigation system services. COPASA Aguas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where an amount of revenue is generated.
83GF Score

Get the complete analysis for BSP:CSMG3

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$63.16
Price
R$25.12
GF Value