FSOYF (WithSecure) Gross Margin %: 81.87% (As of Sep. 2025) — Near Median


FSOYF WithSecure Corp FSOYF
45 GF Score
Price $1.62
GF Value $0.90
! 5 Warning Signs
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What is WithSecure Gross Margin %?

WithSecure FSOYF 45 Gross Margin % is 81.87% as of Sep. 2025, which is 3% above its 10-year median of 79.18. GuruFocus rates FSOYF with a GF Score™ of 45/100 and a GF Value™ of $0.90. The stock has 5 warning signs investors should review.

Gross Margin % is calculated as gross profit divided by its revenue. WithSecure's Gross Profit for the three months ended in Sep. 2025 was $27.4 Mil. WithSecure's Revenue for the three months ended in Sep. 2025 was $33.5 Mil. Therefore, WithSecure's Gross Margin % for the quarter that ended in Sep. 2025 was 81.87%.


The historical rank and industry rank for WithSecure's Gross Margin % or its related term are showing as below:

FSOYF' s Gross Margin % Range Over the Past 10 Years
Min: 65.13   Med: 79.18   Max: 96.36
Current: 81.08


During the past 13 years, the highest Gross Margin % of WithSecure was 96.36%. The lowest was 65.13%. And the median was 79.18%.

FSOYF's Gross Margin % is not ranked
in the Software industry.
Industry Median: 40.45 vs FSOYF: 81.08

WithSecure had a gross margin of 81.87% for the quarter that ended in Sep. 2025 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for WithSecure was 0.50% per year.


WithSecure  (OTCPK:FSOYF) 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

WithSecure had a gross margin of 81.87% for the quarter that ended in Sep. 2025 => 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.


WithSecure Gross Margin % Related Terms


WithSecure Gross Margin % Historical Data

* Premium members only.

The historical data trend for WithSecure'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.

WithSecure Gross Margin % Chart

WithSecure Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.20 68.10 65.13 78.98 79.81

WithSecure Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 79.96 80.35 80.97 81.15 81.87

FSOYF vs MSFT, ORCL, PLTR: Gross Margin % Comparison

For the Software - Infrastructure subindustry, WithSecure'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.


WithSecure Gross Margin % vs Software Industry

For the Software industry and Technology sector, WithSecure's Gross Margin % distribution charts can be found below:

* The bar in red indicates where WithSecure's Gross Margin % falls into.


FSOYF
45GF Score
WithSecure Corp FSOYF
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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WithSecure Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

WithSecure's Gross Margin for the fiscal year that ended in Dec. 2024 is calculated as

Gross Margin % (A: Dec. 2024 )=Gross Profit (A: Dec. 2024 ) / Revenue (A: Dec. 2024 )
=96.9 / 121.468
=(Revenue - Cost of Goods Sold) / Revenue
=(121.468 - 24.52) / 121.468
=79.81 %

WithSecure's Gross Margin for the quarter that ended in Sep. 2025 is calculated as


Gross Margin % (Q: Sep. 2025 )=Gross Profit (Q: Sep. 2025 ) / Revenue (Q: Sep. 2025 )
=27.4 / 33.479
=(Revenue - Cost of Goods Sold) / Revenue
=(33.479 - 6.071) / 33.479
=81.87 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 81.87% mean?
WithSecure (FSOYF) has a Gross Margin % of 81.87% as of Sep. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on WithSecure and its competitors. This is near median its historical median of 79.18. Over the past decade, WithSecure's Gross Margin % has ranged from 65.13 to 96.36.
Is WithSecure's Gross Margin % too high?
WithSecure's current Gross Margin % of 81.87% is near median its 10-year median of 79.18. Over the past 10 years, this metric has ranged from a low of 65.13 to a high of 96.36. The Software industry median Gross Margin % is 40.45. WithSecure's value of 81.87% is 102.4% above this industry median. Overall, WithSecure has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does WithSecure's Gross Margin % compare to MSFT and ORCL?
WithSecure's Gross Margin % of 81.87% can be compared against companies in the Software industry. The industry median Gross Margin % is 40.45. WithSecure's value of 81.87% is 102.4% above this benchmark. Historically, WithSecure's own Gross Margin % has ranged from 65.13 to 96.36 over the past decade. While the company's 10-year median is 79.18 vs. the industry median of 40.45, WithSecure 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 Software company?
The median Gross Margin % among Software companies is 40.45, based on 2,685 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. WithSecure's current Gross Margin % of 81.87% is 102.4% 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 WithSecure and its competitors. For the Software industry, the median Gross Margin % is 40.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WithSecure's current Gross Margin % is 81.87%, which is near median its own 10-year median of 79.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WithSecure stock overvalued right now?
WithSecure (FSOYF) has a current Gross Margin % of 81.87%. The stock's GF Value™ is $0.90, compared to a current price of $1.62 — trading 80% above its estimated fair value. The current Gross Margin % is 81.87%, which is near median its 10-year median of 79.18 and 102.4% above the Software industry median of 40.45. WithSecure's overall GF Score™ is 45/100 with 5 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 WithSecure (FSOYF), the current Gross Margin % is 81.87% as of Sep. 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 WithSecure (FSOYF) Overvalued in 2026?

Based on GuruFocus' analysis, WithSecure stock appears to be overvalued. The current stock price of $1.62 is trading 80% above its estimated GF Value™ of $0.90.

Key valuation signals for FSOYF:

  • Gross Margin %: 81.87% (near median its 10-year median of 79.18)
  • GF Value™: $0.90 vs. price of $1.62 (80% above fair value)
  • GF Score™: 45/100 with 5 warning signs
  • Industry Position: 102.4% above the Software median

No single metric tells the full story. See the FSOYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WithSecure Business Description

Address Valimerenkatu 1, Helsinki, FIN, 00181
WithSecure Corp, formerly F-Secure Corp is a cyber security products and services company The Company has one segment which is security. Its solutions help to protect thousands of businesses from security threats. Geographically, WithSecure is focused on Europe and the United States, and the company's products are sold by thousands of resellers. The company's revenue is split into three categories. Cloud revenue includes the Elements platform cloud-based products, Managed Detection and Response (MDR) and Cloud Protection for Salesforce (CPSF) revenue. Onpremise revenue includes the Elements portfolio on-premise product (Endpoint protection) and other legacy products. Consulting revenue includes the cyber security consulting services.
45GF Score

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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.62
Price
$0.90
GF Value