ITM PowerFRA:IJ8 +0.07%77 Gross Margin % is -35.92% as of Oct. 2025. GuruFocus rates FRA:IJ8 with a GF Score™ of 77/100 and a GF Value™ of €2.17 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 2,993 Industrial Products companies, ITM Power ranks worse than 99.33% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. ITM Power's Gross Profit for the
six
months ended in Oct. 2025 was €-7.43 Mil. ITM Power's Revenue for the
six
months ended in Oct. 2025 was €20.67 Mil. Therefore, ITM Power's Gross Margin % for the quarter that ended in Oct. 2025 was -35.92%.
The historical rank and industry rank for ITM Power's Gross Margin % or its related term are showing as below:
FRA:IJ8'
s Gross Margin % Range Over the Past 10 Years
Min: -1512.05 Med: -95.95 Max: 27.25
Current: -70
During the past 13 years, the highestGross Margin % of ITM Power was 27.25%. The lowest was -1512.05%. And the median was -95.95%.
FRA:IJ8's Gross Margin % is ranked worse than 99.33% of 2993
companies
in the Industrial Products industry
Industry Median: 26.81
vs FRA:IJ8: -70.00
ITM Power had a gross margin of -35.92% for the quarter that ended in Oct. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for ITM Power was 13.70% per year.
ITM Power (FRA:IJ8) 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
ITM Power had a gross margin of -35.92% for the quarter that ended in Oct. 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.
ITM Power Gross Margin % Related Terms
ITM Power Gross Margin % Historical Data
* Premium members only.
The historical data trend for ITM Power'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.
FRA:IJ8 vs GEV, ETN, PH: Gross Margin % Comparison
For the Specialty Industrial Machinery subindustry, ITM Power'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.
ITM Power Gross Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, ITM Power's Gross Margin % distribution charts can be found below:
* The bar in red indicates where ITM Power'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.
ITM Power (FRA:IJ8) has a Gross Margin % of -35.92% as of Oct. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on ITM Power and its competitors. According to the industry distribution chart, ITM Power ranks #2973 out of 2993 companies in the Industrial Products industry, placing it in the top 99.3%.
Is ITM Power's Gross Margin % too high?
ITM Power's current Gross Margin % is -35.92%. Based on the distribution chart, ITM Power ranks #2973 out of 2993 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, ITM Power has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ITM Power's Gross Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, ITM Power ranks #2973 out of 2993 companies for Gross Margin %. This places ITM Power in the lower half of its industry. The industry median Gross Margin % is 26.81. 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 Industrial Products company?
The median Gross Margin % among Industrial Products companies is 26.81, based on 2,993 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 ITM Power and its competitors. For the Industrial Products industry, the median Gross Margin % is 26.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITM Power's current Gross Margin % is -35.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITM Power stock overvalued right now?
Based on GuruFocus' analysis, ITM Power (FRA:IJ8) is currently considered Possible Value Trap. The stock's GF Value™ is €2.17, compared to a current price of €1.45 — trading 33.1% below its estimated fair value. The current Gross Margin % is -35.92%. ITM Power's overall GF Score™ is 77/100 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 ITM Power (FRA:IJ8), the current Gross Margin % is -35.92% as of Oct. 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 ITM Power (FRA:IJ8) Overvalued in 2026?
Based on GuruFocus' analysis, ITM Power stock appears to be undervalued.
The current stock price of €1.45 is trading 33.1% below its estimated GF Value™ of €2.17.
GuruFocus considers ITM Power to be Possible Value Trap.
Key valuation signals for FRA:IJ8:
Gross Margin %: -35.92%
GF Value™: €2.17 vs. price of €1.45 (33.1% below fair value)
No single metric tells the full story. See the FRA:IJ8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ITM Power PLC designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. The company is also involved in the research and development of scientific and engineering projects; the development and manufacture of prototype products; and the sale of electrolyzer products such as HGas, HFuel, HPac. It offers a range of services including construction, consulting, and other services. Its primary geographic markets are the United Kingdom, the Rest of Europe, Germany, and with maximum revenue from the United Kingdom.
77GF 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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