Stelrad Group (LSE:SRAD) Gross Margin %: 30.59% (As of Dec. 2025) — Near Median


LSE:SRAD Stelrad Group PLC LSE:SRAD
69 GF Score
Price £1.50
GF Value £1.29
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Stelrad Group Gross Margin %?

Stelrad Group LSE:SRAD 69 Gross Margin % is 30.59% as of Dec. 2025, which is 7% above its 10-year median of 28.64. GuruFocus rates LSE:SRAD with a GF Score™ of 69/100 and a GF Value™ of £1.29 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,718 Construction companies, Stelrad Group ranks better than 70.02% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Stelrad Group's Gross Profit for the six months ended in Dec. 2025 was £43.8 Mil. Stelrad Group's Revenue for the six months ended in Dec. 2025 was £143.1 Mil. Therefore, Stelrad Group's Gross Margin % for the quarter that ended in Dec. 2025 was 30.59%.


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

LSE:SRAD' s Gross Margin % Range Over the Past 10 Years
Min: 24.07   Med: 28.64   Max: 30.86
Current: 30.86


During the past 8 years, the highest Gross Margin % of Stelrad Group was 30.86%. The lowest was 24.07%. And the median was 28.64%.

LSE:SRAD's Gross Margin % is ranked better than
70.02% of 1718 companies
in the Construction industry
Industry Median: 20.72 vs LSE:SRAD: 30.86

Stelrad Group had a gross margin of 30.59% for the quarter that ended in Dec. 2025 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Stelrad Group was 1.50% per year.


Stelrad Group  (LSE:SRAD) 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

Stelrad Group had a gross margin of 30.59% 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.


Stelrad Group Gross Margin % Related Terms


Stelrad Group Gross Margin % Historical Data

* Premium members only.

The historical data trend for Stelrad Group'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.

Stelrad Group Gross Margin % Chart

Stelrad Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial 29.38 25.31 28.18 30.61 30.86

Stelrad Group Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.79 30.83 30.40 31.13 30.59

LSE:SRAD vs TT, JCI, CARR: Gross Margin % Comparison

For the Building Products & Equipment subindustry, Stelrad Group'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.


Stelrad Group Gross Margin % vs Construction Industry

For the Construction industry and Industrials sector, Stelrad Group's Gross Margin % distribution charts can be found below:

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


LSE:SRAD
69GF Score
Stelrad Group PLC LSE:SRAD
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Stelrad Group Gross Margin % Calculation

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

Stelrad Group'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 )
=86.3 / 279.598
=(Revenue - Cost of Goods Sold) / Revenue
=(279.598 - 193.327) / 279.598
=30.86 %

Stelrad Group'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 )
=43.8 / 143.123
=(Revenue - Cost of Goods Sold) / Revenue
=(143.123 - 99.336) / 143.123
=30.59 %

* 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 30.59% mean?
Stelrad Group (LSE:SRAD) has a Gross Margin % of 30.59% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Stelrad Group and its competitors. This is near median its historical median of 28.64. Over the past decade, Stelrad Group's Gross Margin % has ranged from 24.07 to 30.86. According to the industry distribution chart, Stelrad Group ranks #515 out of 1718 companies in the Construction industry, placing it in the top 30%.
Is Stelrad Group's Gross Margin % too high?
Stelrad Group's current Gross Margin % of 30.59% is near median its 10-year median of 28.64. Over the past 10 years, this metric has ranged from a low of 24.07 to a high of 30.86. The Construction industry median Gross Margin % is 20.72. Stelrad Group's value of 30.59% is 47.6% above this industry median. Based on the distribution chart, Stelrad Group ranks #515 out of 1718 companies in the Construction industry, which is above the industry midpoint. Overall, Stelrad Group has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Stelrad Group's Gross Margin % compare to TT and JCI?
According to the Construction industry distribution chart, Stelrad Group ranks #515 out of 1718 companies for Gross Margin %. This puts Stelrad Group in the upper half of its industry. The industry median Gross Margin % is 20.72. Stelrad Group's value of 30.59% is 47.6% above this benchmark. Historically, Stelrad Group's own Gross Margin % has ranged from 24.07 to 30.86 over the past decade. While the company's 10-year median is 28.64 vs. the industry median of 20.72, Stelrad Group has consistently been above 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 Construction company?
The median Gross Margin % among Construction companies is 20.72, based on 1,718 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. Stelrad Group's current Gross Margin % of 30.59% is 47.6% above 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 Stelrad Group and its competitors. For the Construction industry, the median Gross Margin % is 20.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stelrad Group's current Gross Margin % is 30.59%, which is near median its own 10-year median of 28.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stelrad Group stock overvalued right now?
Based on GuruFocus' analysis, Stelrad Group (LSE:SRAD) is currently considered Modestly Overvalued. The stock's GF Value™ is £1.29, compared to a current price of £1.50 — trading 16.3% above its estimated fair value. The current Gross Margin % is 30.59%, which is near median its 10-year median of 28.64 and 47.6% above the Construction industry median of 20.72. Stelrad Group's overall GF Score™ is 69/100 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 Stelrad Group (LSE:SRAD), the current Gross Margin % is 30.59% 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 Stelrad Group (LSE:SRAD) Overvalued in 2026?

Based on GuruFocus' analysis, Stelrad Group stock appears to be overvalued. The current stock price of £1.50 is trading 16.3% above its estimated GF Value™ of £1.29. GuruFocus considers Stelrad Group to be Modestly Overvalued.

Key valuation signals for LSE:SRAD:

  • Gross Margin %: 30.59% (near median its 10-year median of 28.64)
  • GF Value™: £1.29 vs. price of £1.50 (16.3% above fair value)
  • GF Score™: 69/100 with 4 warning signs
  • Industry Position: 47.6% above the Construction median (#515 of 1718)

No single metric tells the full story. See the LSE:SRAD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Stelrad Group Business Description

Other Exchanges SRADl:UK
Address 69-75 Side, Newcastle Upon Tyne, Tyne And Wear, GBR, NE1 3JE
Stelrad Group PLC sells standard and premium steel panel radiators, low surface temperature radiators, towel warmers, decorative steel tubular radiators, and other steel column radiators. It has manufacturing and distribution facilities in the United Kingdom, the Netherlands, and Turkey, additional distribution facilities in Poland and Denmark, and sales personnel in seven other countries, including China. Geographically, the company has three segments: UK & Ireland, Europe, and Turkey & International. The Group operates five established brands (Stelrad, Henrad, Termo Teknik, Hudevad, and DL Radiators) that enable its products to be tailored to specific channels, maximizing market access and minimizing potential conflict.
69GF Score

Get the complete analysis for LSE:SRAD

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

£1.50
Price
£1.29
GF Value