FutureFRA:FNWA +1.83%61 Gross Margin % is 39.27% as of Mar. 2026, which is 16% below its 10-year median of 46.52. GuruFocus rates FRA:FNWA with a GF Score™ of 61/100 and a GF Value™ of €9.42 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 953 Media - Diversified companies, Future ranks better than 55.4% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Future's Gross Profit for the
six
months ended in Mar. 2026 was €158.1 Mil. Future's Revenue for the
six
months ended in Mar. 2026 was €402.6 Mil. Therefore, Future's Gross Margin % for the quarter that ended in Mar. 2026 was 39.27%.
Warning Sign:
Future PLC gross margin has been in long-term decline. The average rate of decline per year is -3.8%.
The historical rank and industry rank for Future's Gross Margin % or its related term are showing as below:
FRA:FNWA'
s Gross Margin % Range Over the Past 10 Years
Min: 36.95 Med: 46.52 Max: 53.39
Current: 42.22
During the past 13 years, the highestGross Margin % of Future was 53.39%. The lowest was 36.95%. And the median was 46.52%.
FRA:FNWA's Gross Margin % is ranked better than 55.4% of 953
companies
in the Media - Diversified industry
Industry Median: 38.9
vs FRA:FNWA: 42.22
Future had a gross margin of 39.27% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Future was -3.80% per year.
Future (FRA:FNWA) 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
Future had a gross margin of 39.27% for the quarter that ended in Mar. 2026 => Competition eroding margins
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.
Future Gross Margin % Related Terms
Future Gross Margin % Historical Data
* Premium members only.
The historical data trend for Future'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 Publishing subindustry, Future'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.
Future Gross Margin % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Future's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Future'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.
Future (FRA:FNWA) has a Gross Margin % of 39.27% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Future and its competitors. This is 16% below median its historical median of 46.52. Over the past decade, Future's Gross Margin % has ranged from 36.95 to 53.39. According to the industry distribution chart, Future ranks #425 out of 953 companies in the Media - Diversified industry, placing it in the top 44.6%.
Is Future's Gross Margin % too high?
Future's current Gross Margin % of 39.27% is 16% below median its 10-year median of 46.52. Over the past 10 years, this metric has ranged from a low of 36.95 to a high of 53.39. The Media - Diversified industry median Gross Margin % is 38.90. Future's value of 39.27% is 1% above this industry median. Based on the distribution chart, Future ranks #425 out of 953 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Future has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Future's Gross Margin % compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Future ranks #425 out of 953 companies for Gross Margin %. This puts Future in the upper half of its industry. The industry median Gross Margin % is 38.90. Future's value of 39.27% is 1% above this benchmark. Historically, Future's own Gross Margin % has ranged from 36.95 to 53.39 over the past decade. While the company's 10-year median is 46.52 vs. the industry median of 38.90, Future 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 Media - Diversified company?
The median Gross Margin % among Media - Diversified companies is 38.90, based on 953 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. Future's current Gross Margin % of 39.27% is 1% 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 Future and its competitors. For the Media - Diversified industry, the median Gross Margin % is 38.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Future's current Gross Margin % is 39.27%, which is 16% below median its own 10-year median of 46.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future stock overvalued right now?
Based on GuruFocus' analysis, Future (FRA:FNWA) is currently considered Possible Value Trap. The stock's GF Value™ is €9.42, compared to a current price of €3.34 — trading 64.5% below its estimated fair value. The current Gross Margin % is 39.27%, which is 16% below median its 10-year median of 46.52 and 1% above the Media - Diversified industry median of 38.90. Future's overall GF Score™ is 61/100 with 6 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 Future (FRA:FNWA), the current Gross Margin % is 39.27% 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 Future (FRA:FNWA) Overvalued in 2026?
Based on GuruFocus' analysis, Future stock appears to be undervalued.
The current stock price of €3.34 is trading 64.5% below its estimated GF Value™ of €9.42.
GuruFocus considers Future to be Possible Value Trap.
Key valuation signals for FRA:FNWA:
Gross Margin %: 39.27% (16% below median its 10-year median of 46.52)
GF Value™: €9.42 vs. price of €3.34 (64.5% below fair value)
Industry Position: 1% above the Media - Diversified median (#425 of 953)
No single metric tells the full story. See the FRA:FNWA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Future PLC is a platform for specialist media underpinned by proprietary technology and enabled by data, with diversified revenue streams. It focuses on various areas which include technology, games, films, music, and photography under brands such as Louder, Tom's Guide, PC Gamer, Digital Camera World, Marie Claire, and others. The company functions through the following divisions; the Media division which generates maximum revenue includes income from digital advertising, affiliate revenue for products, rewards, price comparison and events; and the Magazine division includes revenue associated with digital or printed magazines or bookazines from advertising, to subscriptions, to newstrade. Its reportable segments include the United Kingdom which derives key revenue, and the United States.
61GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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