EnQuestLSE:ENQ -1.12%44 Gross Margin % is 21.18% as of Dec. 2025, which is 21% below its 10-year median of 26.71. GuruFocus rates LSE:ENQ with a GF Score™ of 44/100 and a GF Value™ of £0.14 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 870 Oil & Gas companies, EnQuest ranks worse than 51.15% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. EnQuest's Gross Profit for the
six
months ended in Dec. 2025 was £90.1 Mil. EnQuest's Revenue for the
six
months ended in Dec. 2025 was £425.2 Mil. Therefore, EnQuest's Gross Margin % for the quarter that ended in Dec. 2025 was 21.18%.
The historical rank and industry rank for EnQuest's Gross Margin % or its related term are showing as below:
LSE:ENQ'
s Gross Margin % Range Over the Past 10 Years
Min: 7.5 Med: 26.71 Max: 36.35
Current: 25.08
During the past 13 years, the highestGross Margin % of EnQuest was 36.35%. The lowest was 7.50%. And the median was 26.71%.
LSE:ENQ's Gross Margin % is ranked worse than 51.15% of 870
companies
in the Oil & Gas industry
Industry Median: 25.62
vs LSE:ENQ: 25.08
EnQuest had a gross margin of 21.18% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for EnQuest was 20.60% per year.
EnQuest (LSE:ENQ) 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
EnQuest had a gross margin of 21.18% 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.
EnQuest Gross Margin % Related Terms
EnQuest Gross Margin % Historical Data
* Premium members only.
The historical data trend for EnQuest'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.
LSE:ENQ vs COP, EOG, FANG: Gross Margin % Comparison
For the Oil & Gas E&P subindustry, EnQuest'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.
EnQuest Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, EnQuest's Gross Margin % distribution charts can be found below:
* The bar in red indicates where EnQuest'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.
EnQuest (LSE:ENQ) has a Gross Margin % of 21.18% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on EnQuest and its competitors. This is 21% below median its historical median of 26.71. Over the past decade, EnQuest's Gross Margin % has ranged from 7.50 to 36.35. According to the industry distribution chart, EnQuest ranks #445 out of 870 companies in the Oil & Gas industry, placing it in the top 51.1%.
Is EnQuest's Gross Margin % too high?
EnQuest's current Gross Margin % of 21.18% is 21% below median its 10-year median of 26.71. Over the past 10 years, this metric has ranged from a low of 7.50 to a high of 36.35. The Oil & Gas industry median Gross Margin % is 25.62. EnQuest's value of 21.18% is 17.3% below this industry median. Based on the distribution chart, EnQuest ranks #445 out of 870 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, EnQuest has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EnQuest's Gross Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, EnQuest ranks #445 out of 870 companies for Gross Margin %. This places EnQuest in the lower half of its industry. The industry median Gross Margin % is 25.62. EnQuest's value of 21.18% is 17.3% below this benchmark. Historically, EnQuest's own Gross Margin % has ranged from 7.50 to 36.35 over the past decade. While the company's 10-year median is 26.71 vs. the industry median of 25.62, EnQuest 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 an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.62, based on 870 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. EnQuest's current Gross Margin % of 21.18% is 17.3% 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 EnQuest and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EnQuest's current Gross Margin % is 21.18%, which is 21% below median its own 10-year median of 26.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EnQuest stock overvalued right now?
Based on GuruFocus' analysis, EnQuest (LSE:ENQ) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.14, compared to a current price of £0.22 — trading 57.1% above its estimated fair value. The current Gross Margin % is 21.18%, which is 21% below median its 10-year median of 26.71 and 17.3% below the Oil & Gas industry median of 25.62. EnQuest's overall GF Score™ is 44/100 with 4 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 EnQuest (LSE:ENQ), the current Gross Margin % is 21.18% 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 EnQuest (LSE:ENQ) Overvalued in 2026?
Based on GuruFocus' analysis, EnQuest stock appears to be overvalued.
The current stock price of £0.22 is trading 57.1% above its estimated GF Value™ of £0.14.
GuruFocus considers EnQuest to be Significantly Overvalued.
Key valuation signals for LSE:ENQ:
Gross Margin %: 21.18% (21% below median its 10-year median of 26.71)
GF Value™: £0.14 vs. price of £0.22 (57.1% above fair value)
Industry Position: 17.3% below the Oil & Gas median (#445 of 870)
No single metric tells the full story. See the LSE:ENQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EnQuest PLC is a UK independent producer of oil and gas. The principal activities of the company and its subsidiaries are the exploration for, and extraction and production of, hydrocarbons in the UK Continental Shelf and Malaysia. It focuses on maturing assets and undeveloped oil fields. Its geographical segments include the North Sea and Malaysia. The company generates maximum revenue from the North Sea. The North Sea's activities include Upstream, Midstream, Decommissioning, and Veri Energy.
44GF Score
Get the complete analysis for LSE:ENQ
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
LSE:ENQ has been successfully added to your 
