Howden Joinery Group (CHIX:HWDNL) Gross Margin %: 63.07% (As of Dec. 2025) — Near Median


CHIX:HWDNL Howden Joinery Group PLC CHIX:HWDNL
93 GF Score
Price £8.51
GF Value £8.75
Valuation Fairly Valued
! 1 Warning Sign
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What is Howden Joinery Group Gross Margin %?

Howden Joinery Group CHIX:HWDNL -1.16% 93 Gross Margin % is 63.07% as of Dec. 2025, which is 2% above its 10-year median of 61.66. GuruFocus rates CHIX:HWDNL with a GF Score™ of 93/100 and a GF Value™ of £8.75 (Fairly Valued). The stock has 1 warning sign investors should review. Among 415 Furnishings, Fixtures & Appliances companies, Howden Joinery Group ranks better than 97.11% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Howden Joinery Group's Gross Profit for the six months ended in Dec. 2025 was £896 Mil. Howden Joinery Group's Revenue for the six months ended in Dec. 2025 was £1,420 Mil. Therefore, Howden Joinery Group's Gross Margin % for the quarter that ended in Dec. 2025 was 63.07%.


The historical rank and industry rank for Howden Joinery Group's Gross Margin % or its related term are showing as below:

CHIX:HWDNl' s Gross Margin % Range Over the Past 10 Years
Min: 60.1   Med: 61.66   Max: 64.25
Current: 62.67


During the past 13 years, the highest Gross Margin % of Howden Joinery Group was 64.25%. The lowest was 60.10%. And the median was 61.66%.

CHIX:HWDNl's Gross Margin % is ranked better than
97.11% of 415 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 29.11 vs CHIX:HWDNl: 62.67

Howden Joinery Group had a gross margin of 63.07% for the quarter that ended in Dec. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Howden Joinery Group was 0.60% per year.


Howden Joinery Group  (CHIX:HWDNl) 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

Howden Joinery Group had a gross margin of 63.07% for the quarter that ended in Dec. 2025 => 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.


Howden Joinery Group Gross Margin % Related Terms


Howden Joinery Group Gross Margin % Historical Data

* Premium members only.

The historical data trend for Howden Joinery Group'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.

Howden Joinery Group Gross Margin % Chart

Howden Joinery Group 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 61.57 60.85 60.75 61.63 62.67

Howden Joinery Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 60.59 60.78 62.24 62.11 63.07

CHIX:HWDNL vs SN, SGI, MHK: Gross Margin % Comparison

For the Furnishings, Fixtures & Appliances subindustry, Howden Joinery Group'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.


Howden Joinery Group Gross Margin % vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Howden Joinery Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Howden Joinery Group's Gross Margin % falls into.


CHIX:HWDNL
93GF Score
Howden Joinery Group PLC CHIX:HWDNL
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Howden Joinery Group Gross Margin % Calculation

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

Howden Joinery Group'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 )
=1515.4 / 2418
=(Revenue - Cost of Goods Sold) / Revenue
=(2418 - 902.6) / 2418
=62.67 %

Howden Joinery Group's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=895.8 / 1420.4
=(Revenue - Cost of Goods Sold) / Revenue
=(1420.4 - 524.6) / 1420.4
=63.07 %

* 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 63.07% mean?
Howden Joinery Group (CHIX:HWDNL) has a Gross Margin % of 63.07% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Howden Joinery Group and its competitors. This is near median its historical median of 61.66. Over the past decade, Howden Joinery Group's Gross Margin % has ranged from 60.10 to 64.25. According to the industry distribution chart, Howden Joinery Group ranks #12 out of 415 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 2.9%.
Is Howden Joinery Group's Gross Margin % too high?
Howden Joinery Group's current Gross Margin % of 63.07% is near median its 10-year median of 61.66. Over the past 10 years, this metric has ranged from a low of 60.10 to a high of 64.25. The Furnishings, Fixtures & Appliances industry median Gross Margin % is 29.11. Howden Joinery Group's value of 63.07% is 116.7% above this industry median. Based on the distribution chart, Howden Joinery Group ranks #12 out of 415 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Howden Joinery Group has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Howden Joinery Group's Gross Margin % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Howden Joinery Group ranks #12 out of 415 companies for Gross Margin %. This places Howden Joinery Group in the top 3% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 29.11. Howden Joinery Group's value of 63.07% is 116.7% above this benchmark. Historically, Howden Joinery Group's own Gross Margin % has ranged from 60.10 to 64.25 over the past decade. While the company's 10-year median is 61.66 vs. the industry median of 29.11, Howden Joinery Group 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 a Furnishings, Fixtures & Appliances company?
The median Gross Margin % among Furnishings, Fixtures & Appliances companies is 29.11, based on 415 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. Howden Joinery Group's current Gross Margin % of 63.07% is 116.7% 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 Howden Joinery Group and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Gross Margin % is 29.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Howden Joinery Group's current Gross Margin % is 63.07%, which is near median its own 10-year median of 61.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howden Joinery Group stock overvalued right now?
Based on GuruFocus' analysis, Howden Joinery Group (CHIX:HWDNL) is currently considered Fairly Valued. The stock's GF Value™ is £8.75, compared to a current price of £8.51 — trading 2.8% below its estimated fair value. The current Gross Margin % is 63.07%, which is near median its 10-year median of 61.66 and 116.7% above the Furnishings, Fixtures & Appliances industry median of 29.11. Howden Joinery Group's overall GF Score™ is 93/100 with 1 warning sign 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 Howden Joinery Group (CHIX:HWDNL), the current Gross Margin % is 63.07% as of Dec. 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 Howden Joinery Group (CHIX:HWDNL) Overvalued in 2026?

Based on GuruFocus' analysis, Howden Joinery Group stock appears to be undervalued. The current stock price of £8.51 is trading 2.8% below its estimated GF Value™ of £8.75. GuruFocus considers Howden Joinery Group to be Fairly Valued.

Key valuation signals for CHIX:HWDNL:

  • Gross Margin %: 63.07% (near median its 10-year median of 61.66)
  • GF Value™: £8.75 vs. price of £8.51 (2.8% below fair value)
  • GF Score™: 93/100 with 1 warning sign
  • Industry Position: 116.7% above the Furnishings, Fixtures & Appliances median (#12 of 415)

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


Howden Joinery Group Business Description

Address 105 Wigmore Street, London, GBR, W1U 1QY
Howden Joinery Group Plc is the UK's specialist trade-only kitchen and joinery supplier, focused on serving trade customers through an in-stock, local depot model supported by UK manufacturing, sourcing, and distribution. The Company designs, manufactures, and sources kitchen and joinery products, including cabinets, cabinet frontals, worktops, and skirting boards, and supplies a multiple products such as appliances, joinery, flooring, and hardware necessary to complete any kitchen, along with design, planning, and support services to trade customers. The business operates as a trade-only, in-stock kitchen and joinery supply model supported by manufacturing, sourcing, and distribution operations. It generates the majority of its revenue from the UK.
93GF Score

Get the complete analysis for CHIX:HWDNL

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

£8.51
Price
£8.75
GF Value