Dmall (HKSE:02586) Gross Margin %: 37.96% (As of Dec. 2025) — Near Median

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HKSE:02586 Dmall Inc HKSE:02586
12 GF Score
Price HK$5.48
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What is Dmall Gross Margin %?

Dmall HKSE:02586 +2.43% 12 Gross Margin % is 37.96% as of Dec. 2025, which is 0% below its 10-year median of 38.03. GuruFocus rates HKSE:02586 with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 2,686 Software companies, Dmall ranks worse than 52.9% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Dmall's Gross Profit for the six months ended in Dec. 2025 was HK$481 Mil. Dmall's Revenue for the six months ended in Dec. 2025 was HK$1,269 Mil. Therefore, Dmall's Gross Margin % for the quarter that ended in Dec. 2025 was 37.96%.


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

HKSE:02586' s Gross Margin % Range Over the Past 10 Years
Min: 20.37   Med: 38.03   Max: 40.15
Current: 38.16


During the past 5 years, the highest Gross Margin % of Dmall was 40.15%. The lowest was 20.37%. And the median was 38.03%.

HKSE:02586's Gross Margin % is ranked worse than
52.9% of 2686 companies
in the Software industry
Industry Median: 40.5 vs HKSE:02586: 38.16

Dmall had a gross margin of 37.96% for the quarter that ended in Dec. 2025 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Dmall was 0.00% per year.


Dmall  (HKSE:02586) 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

Dmall had a gross margin of 37.96% 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.


Dmall Gross Margin % Related Terms


Dmall Gross Margin % Historical Data

* Premium members only.

The historical data trend for Dmall'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.

Dmall Gross Margin % Chart

Dmall Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
20.37 38.03 34.99 40.15 38.16

Dmall Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Gross Margin % Get a 7-Day Free Trial 33.79 38.25 42.09 38.38 37.96

HKSE:02586 vs MSFT, ORCL, PLTR: Gross Margin % Comparison

For the Software - Infrastructure subindustry, Dmall'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.


Dmall Gross Margin % vs Software Industry

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

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


HKSE:02586
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Dmall Inc HKSE:02586
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Dmall Gross Margin % Calculation

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

Dmall's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=938.8 / 2459.953
=(Revenue - Cost of Goods Sold) / Revenue
=(2459.953 - 1521.177) / 2459.953
=38.16 %

Dmall's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=481.5 / 1268.59
=(Revenue - Cost of Goods Sold) / Revenue
=(1268.59 - 787.092) / 1268.59
=37.96 %

* 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 37.96% mean?
Dmall (HKSE:02586) has a Gross Margin % of 37.96% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Dmall and its competitors. This is near median its historical median of 38.03. Over the past decade, Dmall's Gross Margin % has ranged from 20.37 to 40.15. According to the industry distribution chart, Dmall ranks #1421 out of 2686 companies in the Software industry, placing it in the top 52.9%.
Is Dmall's Gross Margin % too high?
Dmall's current Gross Margin % of 37.96% is near median its 10-year median of 38.03. Over the past 10 years, this metric has ranged from a low of 20.37 to a high of 40.15. The Software industry median Gross Margin % is 40.50. Dmall's value of 37.96% is 6.3% below this industry median. Based on the distribution chart, Dmall ranks #1421 out of 2686 companies in the Software industry, which is below the industry midpoint. Overall, Dmall has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Dmall's Gross Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, Dmall ranks #1421 out of 2686 companies for Gross Margin %. This places Dmall in the lower half of its industry. The industry median Gross Margin % is 40.50. Dmall's value of 37.96% is 6.3% below this benchmark. Historically, Dmall's own Gross Margin % has ranged from 20.37 to 40.15 over the past decade. While the company's 10-year median is 38.03 vs. the industry median of 40.50, Dmall 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 Software company?
The median Gross Margin % among Software companies is 40.50, based on 2,686 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. Dmall's current Gross Margin % of 37.96% is 6.3% 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 Dmall and its competitors. For the Software industry, the median Gross Margin % is 40.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dmall's current Gross Margin % is 37.96%, which is near median its own 10-year median of 38.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dmall stock overvalued right now?
Dmall (HKSE:02586) has a current Gross Margin % of 37.96%. The current Gross Margin % is 37.96%, which is near median its 10-year median of 38.03 and 6.3% below the Software industry median of 40.50. Dmall's overall GF Score™ is 12/100 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 Dmall (HKSE:02586), the current Gross Margin % is 37.96% 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.

Dmall Business Description

Address No. 28, Zhongguancun Street, Floor 8, Block B, Haidian Culture and Art Building, Haidian District, Beijing, CHN
Dmall Inc is a retail digitalization solution provider in China and Asia, which offers a range of principal products and services designed to digitalize and optimize operations of the local retailers. The principal activities of the Company consist of providing an AI retail core solution and AI retail value-added services to customers, both of which fall under the Retail Core Service Cloud Solutions. The company distinguishes itself from its competitors by achieving full-spectrum coverage, incorporating industry practices, and facilitating intelligent data-driven business decision-making. The Group positions AI at the core of its strategic priorities and has reorganized its revenue structure into two core segments: AI retail core solution and AI retail value-added service.
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