First Tractor CoFIRRY 82 Gross Margin % is 5.79% as of Dec. 2025, which is 64% below its 10-year median of 15.96. GuruFocus rates FIRRY with a GF Score™ of 82/100 and a GF Value™ of $4.56. The stock has 7 warning signs investors should review. Among 210 Farm & Heavy Construction Machinery companies, First Tractor Co ranks worse than 86.67% on this metric.
First Tractor Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -4.5%.
The historical rank and industry rank for First Tractor Co's Gross Margin % or its related term are showing as below:
FIRRY'
s Gross Margin % Range Over the Past 10 Years
Min: 7.99 Med: 15.96 Max: 19.53
Current: 13.55
During the past 13 years, the highestGross Margin % of First Tractor Co was 19.53%. The lowest was 7.99%. And the median was 15.96%.
FIRRY's Gross Margin % is ranked worse than 86.67% of 210
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 25.595
vs FIRRY: 13.55
First Tractor Co had a gross margin of 5.79% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for First Tractor Co was -4.50% per year.
First Tractor Co (OTCPK:FIRRY) 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
First Tractor Co had a gross margin of 5.79% 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.
First Tractor Co Gross Margin % Related Terms
First Tractor Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for First Tractor Co'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 Farm & Heavy Construction Machinery subindustry, First Tractor Co'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.
First Tractor Co Gross Margin % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, First Tractor Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where First Tractor Co'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.
First Tractor Co (FIRRY) has a Gross Margin % of 5.79% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on First Tractor Co and its competitors. This is 64% below median its historical median of 15.96. Over the past decade, First Tractor Co's Gross Margin % has ranged from 7.99 to 19.53. According to the industry distribution chart, First Tractor Co ranks #182 out of 210 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 86.7%.
Is First Tractor Co's Gross Margin % too high?
First Tractor Co's current Gross Margin % of 5.79% is 64% below median its 10-year median of 15.96. Over the past 10 years, this metric has ranged from a low of 7.99 to a high of 19.53. The Farm & Heavy Construction Machinery industry median Gross Margin % is 25.60. First Tractor Co's value of 5.79% is 77.4% below this industry median. Based on the distribution chart, First Tractor Co ranks #182 out of 210 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, First Tractor Co has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does First Tractor Co's Gross Margin % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, First Tractor Co ranks #182 out of 210 companies for Gross Margin %. This places First Tractor Co in the lower half of its industry. The industry median Gross Margin % is 25.60. First Tractor Co's value of 5.79% is 77.4% below this benchmark. Historically, First Tractor Co's own Gross Margin % has ranged from 7.99 to 19.53 over the past decade. While the company's 10-year median is 15.96 vs. the industry median of 25.60, First Tractor Co 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 Farm & Heavy Construction Machinery company?
The median Gross Margin % among Farm & Heavy Construction Machinery companies is 25.60, based on 210 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. First Tractor Co's current Gross Margin % of 5.79% is 77.4% 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 First Tractor Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Gross Margin % is 25.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Tractor Co's current Gross Margin % is 5.79%, which is 64% below median its own 10-year median of 15.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Tractor Co stock overvalued right now?
First Tractor Co (FIRRY) has a current Gross Margin % of 5.79%. The stock's GF Value™ is $4.56, compared to a current price of $4.19 — trading 8.1% below its estimated fair value. The current Gross Margin % is 5.79%, which is 64% below median its 10-year median of 15.96 and 77.4% below the Farm & Heavy Construction Machinery industry median of 25.60. First Tractor Co'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 First Tractor Co (FIRRY), the current Gross Margin % is 5.79% 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 First Tractor Co (FIRRY) Overvalued in 2026?
Based on GuruFocus' analysis, First Tractor Co stock appears to be undervalued.
The current stock price of $4.19 is trading 8.1% below its estimated GF Value™ of $4.56.
Key valuation signals for FIRRY:
Gross Margin %: 5.79% (64% below median its 10-year median of 15.96)
GF Value™: $4.56 vs. price of $4.19 (8.1% below fair value)
Industry Position: 77.4% below the Farm & Heavy Construction Machinery median (#182 of 210)
No single metric tells the full story. See the FIRRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Tractor Co Ltd is an agricultural machinery and equipment manufacturing service provider in China. The company focuses on the R&D and manufacturing of medium and largesized tractors and their core components, accelerating the product upgrades towards high-end, intelligent and green technologies. The company has two reportable segments: agricultural machinery segment and power machinery segment. The agricultural machinery segment is responsible for the production and sales of agricultural tractors and harvesters. The power machinery segment is mainly responsible for the production and sales of diesel engines. The majority of the company's revenue is derived from the Agricultural machinery segment.
82GF Score
Get the complete analysis for FIRRY
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FIRRY has been successfully added to your 
