Kardemir Celiknayi AS (IST:KARCL) Gross Margin %: 13.06% (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:KARCL Kardemir Celik Sanayi AS IST:KARCL
6 GF Score
Price ₺161.00
! 3 Warning Signs
View Full Analysis

What is Kardemir Celiknayi AS Gross Margin %?

Kardemir Celiknayi AS IST:KARCL +6.27% 6 Gross Margin % is 13.06% as of Mar. 2026, which is 7% below its 10-year median of 14.03. GuruFocus rates IST:KARCL with a GF Score™ of 6/100. The stock has 3 warning signs investors should review. Among 595 Steel companies, Kardemir Celiknayi AS ranks better than 50.08% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Kardemir Celiknayi AS's Gross Profit for the three months ended in Mar. 2026 was ₺864 Mil. Kardemir Celiknayi AS's Revenue for the three months ended in Mar. 2026 was ₺6,617 Mil. Therefore, Kardemir Celiknayi AS's Gross Margin % for the quarter that ended in Mar. 2026 was 13.06%.


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

IST:KARCL' s Gross Margin % Range Over the Past 10 Years
Min: 12.93   Med: 14.03   Max: 15.03
Current: 13.06


During the past 3 years, the highest Gross Margin % of Kardemir Celiknayi AS was 15.03%. The lowest was 12.93%. And the median was 14.03%.

IST:KARCL's Gross Margin % is ranked better than
50.08% of 595 companies
in the Steel industry
Industry Median: 13.06 vs IST:KARCL: 13.06

Kardemir Celiknayi AS had a gross margin of 13.06% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

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


Kardemir Celiknayi AS  (IST:KARCL) 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

Kardemir Celiknayi AS had a gross margin of 13.06% for the quarter that ended in Mar. 2026 => 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.


Kardemir Celiknayi AS Gross Margin % Related Terms


Kardemir Celiknayi AS Gross Margin % Historical Data

* Premium members only.

The historical data trend for Kardemir Celiknayi AS'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.

Kardemir Celiknayi AS Gross Margin % Chart

Kardemir Celiknayi AS Annual Data
Trend Dec23 Dec24 Dec25
Gross Margin %
14.03 12.93 15.03

Kardemir Celiknayi AS Quarterly Data
Dec23 Dec24 Mar25 Dec25 Mar26
Gross Margin % 0.00 0.00 14.21 0.00 13.06

IST:KARCL vs NUE, STLD, RS: Gross Margin % Comparison

For the Steel subindustry, Kardemir Celiknayi AS'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.


Kardemir Celiknayi AS Gross Margin % vs Steel Industry

For the Steel industry and Basic Materials sector, Kardemir Celiknayi AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Kardemir Celiknayi AS's Gross Margin % falls into.


IST:KARCL
6GF Score
Kardemir Celik Sanayi AS IST:KARCL
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kardemir Celiknayi AS Gross Margin % Calculation

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

Kardemir Celiknayi AS'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 )
=3452.6 / 22971.91
=(Revenue - Cost of Goods Sold) / Revenue
=(22971.91 - 19519.309) / 22971.91
=15.03 %

Kardemir Celiknayi AS's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=864.1 / 6617.483
=(Revenue - Cost of Goods Sold) / Revenue
=(6617.483 - 5753.349) / 6617.483
=13.06 %

* 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 13.06% mean?
Kardemir Celiknayi AS (IST:KARCL) has a Gross Margin % of 13.06% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Kardemir Celiknayi AS and its competitors. This is near median its historical median of 14.03. Over the past decade, Kardemir Celiknayi AS's Gross Margin % has ranged from 12.93 to 15.03. According to the industry distribution chart, Kardemir Celiknayi AS ranks #297 out of 595 companies in the Steel industry, placing it in the top 49.9%.
Is Kardemir Celiknayi AS's Gross Margin % too high?
Kardemir Celiknayi AS's current Gross Margin % of 13.06% is near median its 10-year median of 14.03. Over the past 10 years, this metric has ranged from a low of 12.93 to a high of 15.03. The Steel industry median Gross Margin % is 13.06. Kardemir Celiknayi AS's value of 13.06% is 0% at this industry median. Based on the distribution chart, Kardemir Celiknayi AS ranks #297 out of 595 companies in the Steel industry, which is above the industry midpoint. Overall, Kardemir Celiknayi AS has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Kardemir Celiknayi AS's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Kardemir Celiknayi AS ranks #297 out of 595 companies for Gross Margin %. This puts Kardemir Celiknayi AS in the upper half of its industry. The industry median Gross Margin % is 13.06. Kardemir Celiknayi AS's value of 13.06% is 0% at this benchmark. Historically, Kardemir Celiknayi AS's own Gross Margin % has ranged from 12.93 to 15.03 over the past decade. While the company's 10-year median is 14.03 vs. the industry median of 13.06, Kardemir Celiknayi AS has consistently been at 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 Steel company?
The median Gross Margin % among Steel companies is 13.06, based on 595 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. Kardemir Celiknayi AS's current Gross Margin % of 13.06% is 0% at 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 Kardemir Celiknayi AS and its competitors. For the Steel industry, the median Gross Margin % is 13.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kardemir Celiknayi AS's current Gross Margin % is 13.06%, which is near median its own 10-year median of 14.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardemir Celiknayi AS stock overvalued right now?
Kardemir Celiknayi AS (IST:KARCL) has a current Gross Margin % of 13.06%. The current Gross Margin % is 13.06%, which is near median its 10-year median of 14.03 and 0% at the Steel industry median of 13.06. Kardemir Celiknayi AS's overall GF Score™ is 6/100 with 3 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 Kardemir Celiknayi AS (IST:KARCL), the current Gross Margin % is 13.06% 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.

Kardemir Celiknayi AS Business Description

Address Akcesme Mah, Cigdem Cad. No:1, Merkezefendi, Denizli, TUR
Kardemir Celik Sanayi AS manufactures equal angles, flat bars, square bars, NPU and NPI profiles, T-bars, and round bars in various dimensions and in accordance with international standards. Its products are Billet Iron, Film Rod, and Reinforcement Steel.
6GF Score

Get the complete analysis for IST:KARCL

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

₺161.00
Price