AmpolCTXAF +12.72%82 Gross Margin % is 10.74% as of Dec. 2025, which is 32% above its 10-year median of 8.11. GuruFocus rates CTXAF with a GF Score™ of 82/100 and a GF Value™ of $14.12. The stock has 7 warning signs investors should review. Among 867 Oil & Gas companies, Ampol ranks worse than 80.62% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Ampol's Gross Profit for the
six
months ended in Dec. 2025 was $1,159 Mil. Ampol's Revenue for the
six
months ended in Dec. 2025 was $10,796 Mil. Therefore, Ampol's Gross Margin % for the quarter that ended in Dec. 2025 was 10.74%.
The historical rank and industry rank for Ampol's Gross Margin % or its related term are showing as below:
CTXAF'
s Gross Margin % Range Over the Past 10 Years
Min: 6.43 Med: 8.11 Max: 9.53
Current: 8.46
During the past 13 years, the highestGross Margin % of Ampol was 9.53%. The lowest was 6.43%. And the median was 8.11%.
CTXAF's Gross Margin % is ranked worse than 80.62% of 867
companies
in the Oil & Gas industry
Industry Median: 25.7
vs CTXAF: 8.46
Ampol had a gross margin of 10.74% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Ampol was 1.70% per year.
Ampol (OTCPK:CTXAF) 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
Ampol had a gross margin of 10.74% for the quarter that ended in Dec. 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.
Ampol Gross Margin % Related Terms
Ampol Gross Margin % Historical Data
* Premium members only.
The historical data trend for Ampol'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 Oil & Gas Refining & Marketing subindustry, Ampol'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.
Ampol Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ampol's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ampol'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.
Ampol (CTXAF) has a Gross Margin % of 10.74% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Ampol and its competitors. This is 32% above median its historical median of 8.11. Over the past decade, Ampol's Gross Margin % has ranged from 6.43 to 9.53. According to the industry distribution chart, Ampol ranks #699 out of 867 companies in the Oil & Gas industry, placing it in the top 80.6%.
Is Ampol's Gross Margin % too high?
Ampol's current Gross Margin % of 10.74% is 32% above median its 10-year median of 8.11. Over the past 10 years, this metric has ranged from a low of 6.43 to a high of 9.53. The Oil & Gas industry median Gross Margin % is 25.70. Ampol's value of 10.74% is 58.2% below this industry median. Based on the distribution chart, Ampol ranks #699 out of 867 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Ampol has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Ampol's Gross Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Ampol ranks #699 out of 867 companies for Gross Margin %. This places Ampol in the lower half of its industry. The industry median Gross Margin % is 25.70. Ampol's value of 10.74% is 58.2% below this benchmark. Historically, Ampol's own Gross Margin % has ranged from 6.43 to 9.53 over the past decade. While the company's 10-year median is 8.11 vs. the industry median of 25.70, Ampol 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 an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 867 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. Ampol's current Gross Margin % of 10.74% is 58.2% 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 Ampol 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. Ampol's current Gross Margin % is 10.74%, which is 32% above median its own 10-year median of 8.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ampol stock overvalued right now?
Ampol (CTXAF) has a current Gross Margin % of 10.74%. The stock's GF Value™ is $14.12, compared to a current price of $16.30 — trading 15.4% above its estimated fair value. The current Gross Margin % is 10.74%, which is 32% above median its 10-year median of 8.11 and 58.2% below the Oil & Gas industry median of 25.70. Ampol's overall GF Score™ is 82/100 with 7 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 Ampol (CTXAF), the current Gross Margin % is 10.74% 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 Ampol (CTXAF) Overvalued in 2026?
Based on GuruFocus' analysis, Ampol stock appears to be overvalued.
The current stock price of $16.30 is trading 15.4% above its estimated GF Value™ of $14.12.
Key valuation signals for CTXAF:
Gross Margin %: 10.74% (32% above median its 10-year median of 8.11)
GF Value™: $14.12 vs. price of $16.30 (15.4% above fair value)
Industry Position: 58.2% below the Oil & Gas median (#699 of 867)
No single metric tells the full story. See the CTXAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ampol (nee Caltex) is the largest and only Australian-listed petroleum refiner and distributor, with operations in all states and territories. It was a major international brand of Chevron's until that 50% owner sold out in 2015. Caltex transitioned to Ampol branding due to Chevron terminating its licence to use the Caltex brand in Australia. Ampol has operated for more than 100 years. It owns and operates a refinery at Lytton in Brisbane, but closed Sydney's Kurnell refinery to focus on the more profitable distribution/retail segment. It successfully completed a NZD 2.0 billion bid for New Zealand peer Z Energy in first-half 2022.
82GF Score
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