Cell C Holdings (JSE:CCD) Gross Margin %: 34.18% (As of Nov. 2025) — 41% Above Median


What is Cell C Holdings Gross Margin %?

Cell C Holdings JSE:CCD -1.18% Gross Margin % is 34.18% as of Nov. 2025, which is 41% above its 10-year median of 24.19. The stock has 5 warning signs investors should review. Among 342 Telecommunication Services companies, Cell C Holdings ranks worse than 70.18% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Cell C Holdings's Gross Profit for the three months ended in Nov. 2025 was R986 Mil. Cell C Holdings's Revenue for the three months ended in Nov. 2025 was R2,884 Mil. Therefore, Cell C Holdings's Gross Margin % for the quarter that ended in Nov. 2025 was 34.18%.


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

JSE:CCD' s Gross Margin % Range Over the Past 10 Years
Min: 20.75   Med: 24.19   Max: 46.54
Current: 34.55


During the past 3 years, the highest Gross Margin % of Cell C Holdings was 46.54%. The lowest was 20.75%. And the median was 24.19%.

JSE:CCD's Gross Margin % is ranked worse than
70.18% of 342 companies
in the Telecommunication Services industry
Industry Median: 51.51 vs JSE:CCD: 34.55

Cell C Holdings had a gross margin of 34.18% for the quarter that ended in Nov. 2025 => Competition eroding margins

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


Cell C Holdings  (JSE:CCD) 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

Cell C Holdings had a gross margin of 34.18% for the quarter that ended in Nov. 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.


Cell C Holdings Gross Margin % Related Terms


Cell C Holdings Gross Margin % Historical Data

* Premium members only.

The historical data trend for Cell C Holdings'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.

Cell C Holdings Gross Margin % Chart

Cell C Holdings Annual Data
Trend Dec22 Dec23 May25
Gross Margin %
24.19 20.75 46.54

Cell C Holdings Quarterly Data
Dec22 Dec23 Aug24 Nov24 May25 Aug25 Nov25
Gross Margin % Get a 7-Day Free Trial 25.65 45.32 0.00 34.92 34.18

JSE:CCD vs TMUS, VZ, T: Gross Margin % Comparison

For the Telecom Services subindustry, Cell C Holdings'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.


Cell C Holdings Gross Margin % vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cell C Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Cell C Holdings's Gross Margin % falls into.



Cell C Holdings Gross Margin % Calculation

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

Cell C Holdings's Gross Margin for the fiscal year that ended in May. 2025 is calculated as

Gross Margin % (A: May. 2025 )=Gross Profit (A: May. 2025 ) / Revenue (A: May. 2025 )
=6383 / 13714
=(Revenue - Cost of Goods Sold) / Revenue
=(13714 - 7331) / 13714
=46.54 %

Cell C Holdings's Gross Margin for the quarter that ended in Nov. 2025 is calculated as


Gross Margin % (Q: Nov. 2025 )=Gross Profit (Q: Nov. 2025 ) / Revenue (Q: Nov. 2025 )
=985.9 / 2884.104
=(Revenue - Cost of Goods Sold) / Revenue
=(2884.104 - 1898.209) / 2884.104
=34.18 %

* 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 34.18% mean?
Cell C Holdings (JSE:CCD) has a Gross Margin % of 34.18% as of Nov. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Cell C Holdings and its competitors. This is 41% above median its historical median of 24.19. Over the past decade, Cell C Holdings' Gross Margin % has ranged from 20.75 to 46.54. According to the industry distribution chart, Cell C Holdings ranks #240 out of 342 companies in the Telecommunication Services industry, placing it in the top 70.2%.
Is Cell C Holdings' Gross Margin % too high?
Cell C Holdings' current Gross Margin % of 34.18% is 41% above median its 10-year median of 24.19. Over the past 10 years, this metric has ranged from a low of 20.75 to a high of 46.54. The Telecommunication Services industry median Gross Margin % is 51.51. Cell C Holdings' value of 34.18% is 33.6% below this industry median. Based on the distribution chart, Cell C Holdings ranks #240 out of 342 companies in the Telecommunication Services industry, which is below the industry midpoint.
How does Cell C Holdings' Gross Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Cell C Holdings ranks #240 out of 342 companies for Gross Margin %. This places Cell C Holdings in the lower half of its industry. The industry median Gross Margin % is 51.51. Cell C Holdings' value of 34.18% is 33.6% below this benchmark. Historically, Cell C Holdings' own Gross Margin % has ranged from 20.75 to 46.54 over the past decade. While the company's 10-year median is 24.19 vs. the industry median of 51.51, Cell C Holdings 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 Telecommunication Services company?
The median Gross Margin % among Telecommunication Services companies is 51.51, based on 342 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. Cell C Holdings's current Gross Margin % of 34.18% is 33.6% 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 Cell C Holdings and its competitors. For the Telecommunication Services industry, the median Gross Margin % is 51.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cell C Holdings's current Gross Margin % is 34.18%, which is 41% above median its own 10-year median of 24.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cell C Holdings stock overvalued right now?
Cell C Holdings (JSE:CCD) has a current Gross Margin % of 34.18%. The current Gross Margin % is 34.18%, which is 41% above median its 10-year median of 24.19 and 33.6% below the Telecommunication Services industry median of 51.51. 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 Cell C Holdings (JSE:CCD), the current Gross Margin % is 34.18% as of Nov. 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.

Cell C Holdings Business Description

Address Maxwell Drive and Corner Pretoria Main Road, Waterfall Campus, Buccleuch, Johannesburg, GT, ZAF, 2090
Cell C Holdings Ltd is a mobile provider in South Africa offering a wide scope of products and services, including voice, data, device and SIM deals to millions of customers.