Teck ResourcesFRA:TPT +3.93%75 Gross Margin % is 43.49% as of Mar. 2026, which is 62% above its 10-year median of 26.88. GuruFocus rates FRA:TPT with a GF Score™ of 75/100 and a GF Value™ of €47.12. The stock has 8 warning signs investors should review. Among 730 Metals & Mining companies, Teck Resources ranks better than 56.03% on this metric.
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
Teck Resources had a gross margin of 43.49% for the quarter that ended in Mar. 2026 => 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.
Teck Resources Gross Margin % Related Terms
Teck Resources Gross Margin % Historical Data
* Premium members only.
The historical data trend for Teck Resources'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 Other Industrial Metals & Mining subindustry, Teck Resources'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.
Teck Resources Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Teck Resources's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Teck Resources'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.
Teck Resources (FRA:TPT) has a Gross Margin % of 43.49% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Teck Resources and its competitors. This is 62% above median its historical median of 26.88. Over the past decade, Teck Resources' Gross Margin % has ranged from 14.90 to 49.50. According to the industry distribution chart, Teck Resources ranks #321 out of 730 companies in the Metals & Mining industry, placing it in the top 44%.
Is Teck Resources' Gross Margin % too high?
Teck Resources' current Gross Margin % of 43.49% is 62% above median its 10-year median of 26.88. Over the past 10 years, this metric has ranged from a low of 14.90 to a high of 49.50. The Metals & Mining industry median Gross Margin % is 26.18. Teck Resources' value of 43.49% is 66.2% above this industry median. Based on the distribution chart, Teck Resources ranks #321 out of 730 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Teck Resources has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Teck Resources' Gross Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Teck Resources ranks #321 out of 730 companies for Gross Margin %. This puts Teck Resources in the upper half of its industry. The industry median Gross Margin % is 26.18. Teck Resources' value of 43.49% is 66.2% above this benchmark. Historically, Teck Resources' own Gross Margin % has ranged from 14.90 to 49.50 over the past decade. While the company's 10-year median is 26.88 vs. the industry median of 26.18, Teck Resources 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 Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.18, based on 730 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. Teck Resources's current Gross Margin % of 43.49% is 66.2% 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 Teck Resources and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Teck Resources's current Gross Margin % is 43.49%, which is 62% above median its own 10-year median of 26.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teck Resources stock overvalued right now?
Teck Resources (FRA:TPT) has a current Gross Margin % of 43.49%. The stock's GF Value™ is €47.12, compared to a current price of €47.60 — trading 1% above its estimated fair value. The current Gross Margin % is 43.49%, which is 62% above median its 10-year median of 26.88 and 66.2% above the Metals & Mining industry median of 26.18. Teck Resources' overall GF Score™ is 75/100 with 8 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 Teck Resources (FRA:TPT), the current Gross Margin % is 43.49% 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 Teck Resources (FRA:TPT) Overvalued in 2026?
Based on GuruFocus' analysis, Teck Resources stock appears to be overvalued.
The current stock price of €47.60 is trading 1% above its estimated GF Value™ of €47.12.
Key valuation signals for FRA:TPT:
Gross Margin %: 43.49% (62% above median its 10-year median of 26.88)
GF Value™: €47.12 vs. price of €47.60 (1% above fair value)
Industry Position: 66.2% above the Metals & Mining median (#321 of 730)
No single metric tells the full story. See the FRA:TPT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Teck is a base metals miner with copper and zinc operations in Canada, the United States, Chile, and Peru. After selling its metallurgical coal business, copper is now its major commodity by EBITDA contribution, followed by zinc. Teck is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low-carbon metals such as copper. It sold its oil sands business in early 2023 and its coal business in mid-2024. In September 2025, it agreed to merge with Anglo American in an all-equity deal.
75GF Score
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