ComstockLODE -3.97%47 Gross Margin % is -91.37% as of Mar. 2026. GuruFocus rates LODE with a GF Score™ of 47/100 and a GF Value™ of $0.73 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 730 Metals & Mining companies, Comstock ranks worse than 98.08% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Comstock's Gross Profit for the
three
months ended in Mar. 2026 was $-0.29 Mil. Comstock's Revenue for the
three
months ended in Mar. 2026 was $0.31 Mil. Therefore, Comstock's Gross Margin % for the quarter that ended in Mar. 2026 was -91.37%.
The historical rank and industry rank for Comstock's Gross Margin % or its related term are showing as below:
LODE'
s Gross Margin % Range Over the Past 10 Years
Min: -3232.69 Med: -154.38 Max: 74.26
Current: -471.79
During the past 13 years, the highestGross Margin % of Comstock was 74.26%. The lowest was -3232.69%. And the median was -154.38%.
LODE's Gross Margin % is ranked worse than 98.08% of 730
companies
in the Metals & Mining industry
Industry Median: 26.045
vs LODE: -471.79
Comstock had a gross margin of -91.37% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Comstock was 0.00% per year.
Comstock (AMEX:LODE) 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
Comstock had a gross margin of -91.37% 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.
Comstock Gross Margin % Related Terms
Comstock Gross Margin % Historical Data
* Premium members only.
The historical data trend for Comstock'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.
LODE vs GORO, THMG, ACRG: Gross Margin % Comparison
For the Other Precious Metals & Mining subindustry, Comstock'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.
Comstock Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Comstock's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Comstock'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.
Comstock (LODE) has a Gross Margin % of -91.37% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Comstock and its competitors. According to the industry distribution chart, Comstock ranks #716 out of 730 companies in the Metals & Mining industry, placing it in the top 98.1%.
Is Comstock's Gross Margin % too high?
Comstock's current Gross Margin % is -91.37%. Based on the distribution chart, Comstock ranks #716 out of 730 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Comstock has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Comstock's Gross Margin % compare to GORO and THMG?
According to the Metals & Mining industry distribution chart, Comstock ranks #716 out of 730 companies for Gross Margin %. This places Comstock in the lower half of its industry. The industry median Gross Margin % is 26.05. 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 Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.05, based on 730 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. 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 Comstock and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comstock's current Gross Margin % is -91.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comstock stock overvalued right now?
Based on GuruFocus' analysis, Comstock (LODE) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.73, compared to a current price of $4.11 — trading 463% above its estimated fair value. The current Gross Margin % is -91.37%. Comstock's overall GF Score™ is 47/100 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 Comstock (LODE), the current Gross Margin % is -91.37% 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.
Is Comstock (LODE) Overvalued in 2026?
Based on GuruFocus' analysis, Comstock stock appears to be overvalued.
The current stock price of $4.11 is trading 463% above its estimated GF Value™ of $0.73.
GuruFocus considers Comstock to be Significantly Overvalued.
Key valuation signals for LODE:
Gross Margin %: -91.37%
GF Value™: $0.73 vs. price of $4.11 (463% above fair value)
No single metric tells the full story. See the LODE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Comstock Inc commercializes technologies that convert underutilized waste and natural resources into clean energy and supporting products, including electrification, metals, and minerals from end-of-life solar panels. Its subsidiary focuses on producing renewable fuels from waste, energy crops, and woody biomass, supported by facilities in Wisconsin, pilot farms, a biorefinery site in Tulsa, and solar panel recycling operations in Nevada. The Company operates through two high-growth segments and a corporate segment, with its activities grouped into Metals, which generates the majority of revenue, Fuels, Mining, Strategic Investments, and Corporate Services.
47GF Score
Get the complete analysis for LODE
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LODE has been successfully added to your 
