Refinaria De Petroleos Manguinhos (BSP:RPMG3) Gross Margin %: -15.57% (As of Jun. 2025)


BSP:RPMG3 Refinaria De Petroleos Manguinhos SA BSP:RPMG3
50 GF Score
Price R$1.26
GF Value R$4.44
Valuation Possible Value Trap
! 2 Warning Signs
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What is Refinaria De Petroleos Manguinhos Gross Margin %?

Refinaria De Petroleos Manguinhos BSP:RPMG3 50 Gross Margin % is -15.57% as of Jun. 2025. GuruFocus rates BSP:RPMG3 with a GF Score™ of 50/100 and a GF Value™ of R$4.44 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 869 Oil & Gas companies, Refinaria De Petroleos Manguinhos ranks worse than 95.4% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Refinaria De Petroleos Manguinhos's Gross Profit for the three months ended in Jun. 2025 was R$-374 Mil. Refinaria De Petroleos Manguinhos's Revenue for the three months ended in Jun. 2025 was R$2,406 Mil. Therefore, Refinaria De Petroleos Manguinhos's Gross Margin % for the quarter that ended in Jun. 2025 was -15.57%.


The historical rank and industry rank for Refinaria De Petroleos Manguinhos's Gross Margin % or its related term are showing as below:

BSP:RPMG3' s Gross Margin % Range Over the Past 10 Years
Min: -26.58   Med: -9.2   Max: 6.46
Current: -14.43


During the past 13 years, the highest Gross Margin % of Refinaria De Petroleos Manguinhos was 6.46%. The lowest was -26.58%. And the median was -9.20%.

BSP:RPMG3's Gross Margin % is ranked worse than
95.4% of 869 companies
in the Oil & Gas industry
Industry Median: 25.7 vs BSP:RPMG3: -14.43

Refinaria De Petroleos Manguinhos had a gross margin of -15.57% for the quarter that ended in Jun. 2025 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Refinaria De Petroleos Manguinhos was 0.00% per year.


Refinaria De Petroleos Manguinhos  (BSP:RPMG3) 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

Refinaria De Petroleos Manguinhos had a gross margin of -15.57% for the quarter that ended in Jun. 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.


Refinaria De Petroleos Manguinhos Gross Margin % Related Terms


Refinaria De Petroleos Manguinhos Gross Margin % Historical Data

* Premium members only.

The historical data trend for Refinaria De Petroleos Manguinhos'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.

Refinaria De Petroleos Manguinhos Gross Margin % Chart

Refinaria De Petroleos Manguinhos Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.38 -2.78 -12.68 -15.15 -11.01

Refinaria De Petroleos Manguinhos Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 -12.61 -12.86 -12.88 -16.50 -15.57

BSP:RPMG3 vs VLO, MPC, PSX: Gross Margin % Comparison

For the Oil & Gas Refining & Marketing subindustry, Refinaria De Petroleos Manguinhos'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.


Refinaria De Petroleos Manguinhos Gross Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Refinaria De Petroleos Manguinhos's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Refinaria De Petroleos Manguinhos's Gross Margin % falls into.


BSP:RPMG3
50GF Score
Refinaria De Petroleos Manguinhos SA BSP:RPMG3
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Refinaria De Petroleos Manguinhos Gross Margin % Calculation

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

Refinaria De Petroleos Manguinhos's Gross Margin for the fiscal year that ended in Dec. 2024 is calculated as

Gross Margin % (A: Dec. 2024 )=Gross Profit (A: Dec. 2024 ) / Revenue (A: Dec. 2024 )
=-768.6 / 6983.506
=(Revenue - Cost of Goods Sold) / Revenue
=(6983.506 - 7752.113) / 6983.506
=-11.01 %

Refinaria De Petroleos Manguinhos's Gross Margin for the quarter that ended in Jun. 2025 is calculated as


Gross Margin % (Q: Jun. 2025 )=Gross Profit (Q: Jun. 2025 ) / Revenue (Q: Jun. 2025 )
=-374.5 / 2405.643
=(Revenue - Cost of Goods Sold) / Revenue
=(2405.643 - 2780.098) / 2405.643
=-15.57 %

* 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 -15.57% mean?
Refinaria De Petroleos Manguinhos (BSP:RPMG3) has a Gross Margin % of -15.57% as of Jun. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Refinaria De Petroleos Manguinhos and its competitors. According to the industry distribution chart, Refinaria De Petroleos Manguinhos ranks #829 out of 869 companies in the Oil & Gas industry, placing it in the top 95.4%.
Is Refinaria De Petroleos Manguinhos' Gross Margin % too high?
Refinaria De Petroleos Manguinhos' current Gross Margin % is -15.57%. Based on the distribution chart, Refinaria De Petroleos Manguinhos ranks #829 out of 869 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Refinaria De Petroleos Manguinhos has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Refinaria De Petroleos Manguinhos' Gross Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Refinaria De Petroleos Manguinhos ranks #829 out of 869 companies for Gross Margin %. This places Refinaria De Petroleos Manguinhos in the lower half of its industry. The industry median Gross Margin % is 25.70. 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 Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 869 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. 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 Refinaria De Petroleos Manguinhos and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refinaria De Petroleos Manguinhos's current Gross Margin % is -15.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refinaria De Petroleos Manguinhos stock overvalued right now?
Based on GuruFocus' analysis, Refinaria De Petroleos Manguinhos (BSP:RPMG3) is currently considered Possible Value Trap. The stock's GF Value™ is R$4.44, compared to a current price of R$1.26 — trading 71.6% below its estimated fair value. The current Gross Margin % is -15.57%. Refinaria De Petroleos Manguinhos' overall GF Score™ is 50/100 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 Refinaria De Petroleos Manguinhos (BSP:RPMG3), the current Gross Margin % is -15.57% 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 Refinaria De Petroleos Manguinhos (BSP:RPMG3) Overvalued in 2026?

Based on GuruFocus' analysis, Refinaria De Petroleos Manguinhos stock appears to be undervalued. The current stock price of R$1.26 is trading 71.6% below its estimated GF Value™ of R$4.44. GuruFocus considers Refinaria De Petroleos Manguinhos to be Possible Value Trap.

Key valuation signals for BSP:RPMG3:

  • Gross Margin %: -15.57%
  • GF Value™: R$4.44 vs. price of R$1.26 (71.6% below fair value)
  • GF Score™: 50/100 with 2 warning signs

No single metric tells the full story. See the BSP:RPMG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Refinaria De Petroleos Manguinhos Business Description

Industry EnergyOil & Gas
Address Avenida Brasil, 3141, Manguinhos, Rio de Janeiro, RJ, BRA, 20930041
Refinaria De Petroleos Manguinhos SA is engaged in the operation of the oil refinery, import, sale and export of crude oil and its derivatives, and provision of services related to the refining activity, among others.
50GF Score

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

R$1.26
Price
R$4.44
GF Value