Heineken NVHINKF 81 Gross Margin % is 36.66% as of Dec. 2025, which is 1% below its 10-year median of 37.16. GuruFocus rates HINKF with a GF Score™ of 81/100 and a GF Value™ of $89.22 (Fairly Valued). The stock has 5 warning signs investors should review. Among 205 Beverages - Alcoholic companies, Heineken NV ranks worse than 64.88% 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
Heineken NV had a gross margin of 36.66% for the quarter that ended in Dec. 2025 => 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.
Heineken NV Gross Margin % Related Terms
Heineken NV Gross Margin % Historical Data
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The historical data trend for Heineken NV'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 Beverages - Brewers subindustry, Heineken NV'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.
Heineken NV Gross Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken NV's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Heineken NV'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.
Heineken NV (HINKF) has a Gross Margin % of 36.66% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Heineken NV and its competitors. This is near median its historical median of 37.16. Over the past decade, Heineken NV's Gross Margin % has ranged from 33.87 to 39.12. According to the industry distribution chart, Heineken NV ranks #133 out of 205 companies in the Beverages - Alcoholic industry, placing it in the top 64.9%.
Is Heineken NV's Gross Margin % too high?
Heineken NV's current Gross Margin % of 36.66% is near median its 10-year median of 37.16. Over the past 10 years, this metric has ranged from a low of 33.87 to a high of 39.12. The Beverages - Alcoholic industry median Gross Margin % is 42.29. Heineken NV's value of 36.66% is 13.3% below this industry median. Based on the distribution chart, Heineken NV ranks #133 out of 205 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Heineken NV has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heineken NV's Gross Margin % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Heineken NV ranks #133 out of 205 companies for Gross Margin %. This places Heineken NV in the lower half of its industry. The industry median Gross Margin % is 42.29. Heineken NV's value of 36.66% is 13.3% below this benchmark. Historically, Heineken NV's own Gross Margin % has ranged from 33.87 to 39.12 over the past decade. While the company's 10-year median is 37.16 vs. the industry median of 42.29, Heineken NV 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 Beverages - Alcoholic company?
The median Gross Margin % among Beverages - Alcoholic companies is 42.29, based on 205 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. Heineken NV's current Gross Margin % of 36.66% is 13.3% 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 Heineken NV and its competitors. For the Beverages - Alcoholic industry, the median Gross Margin % is 42.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heineken NV's current Gross Margin % is 36.66%, which is near median its own 10-year median of 37.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken NV stock overvalued right now?
Based on GuruFocus' analysis, Heineken NV (HINKF) is currently considered Fairly Valued. The stock's GF Value™ is $89.22, compared to a current price of $85.43 — trading 4.2% below its estimated fair value. The current Gross Margin % is 36.66%, which is near median its 10-year median of 37.16 and 13.3% below the Beverages - Alcoholic industry median of 42.29. Heineken NV's overall GF Score™ is 81/100 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 Heineken NV (HINKF), the current Gross Margin % is 36.66% 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 Heineken NV (HINKF) Overvalued in 2026?
Based on GuruFocus' analysis, Heineken NV stock appears to be undervalued.
The current stock price of $85.43 is trading 4.2% below its estimated GF Value™ of $89.22.
GuruFocus considers Heineken NV to be Fairly Valued.
Key valuation signals for HINKF:
Gross Margin %: 36.66% (near median its 10-year median of 37.16)
GF Value™: $89.22 vs. price of $85.43 (4.2% below fair value)
Industry Position: 13.3% below the Beverages - Alcoholic median (#133 of 205)
No single metric tells the full story. See the HINKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heineken is the world's second-largest brewer behind Anheuser-Busch InBev. It has the leading position in many European markets, including the Netherlands, Austria, Greece, and Italy. Its flagship brand, Heineken, is the world's leading international premium lager by volume and has spawned several brand extensions including Heineken 0.0 and Heineken Silver. Heineken is the world's biggest cider producer. Its portfolio also includes brands in the nonalcoholic, Belgian, and craft beer categories.
81GF Score
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