BXPMEX:BXP 70 Gross Margin % is 59.75% as of Mar. 2026, which is 5% below its 10-year median of 62.94. GuruFocus rates MEX:BXP with a GF Score™ of 70/100 and a GF Value™ of MXN1,312.28. The stock has 10 warning signs investors should review. Among 682 REITs companies, BXP ranks worse than 70.09% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. BXP's Gross Profit for the
three
months ended in Mar. 2026 was MXN9,398 Mil. BXP's Revenue for the
three
months ended in Mar. 2026 was MXN15,727 Mil. Therefore, BXP's Gross Margin % for the quarter that ended in Mar. 2026 was 59.75%.
The historical rank and industry rank for BXP's Gross Margin % or its related term are showing as below:
MEX:BXP'
s Gross Margin % Range Over the Past 10 Years
Min: 60.38 Med: 62.94 Max: 64.2
Current: 60.38
During the past 13 years, the highestGross Margin % of BXP was 64.20%. The lowest was 60.38%. And the median was 62.94%.
MEX:BXP's Gross Margin % is ranked worse than 70.09% of 682
companies
in the REITs industry
Industry Median: 69.705
vs MEX:BXP: 60.38
BXP had a gross margin of 59.75% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for BXP was -0.90% per year.
BXP (MEX:BXP) 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
BXP had a gross margin of 59.75% for the quarter that ended in Mar. 2026 => Durable 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.
BXP Gross Margin % Related Terms
BXP Gross Margin % Historical Data
* Premium members only.
The historical data trend for BXP'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.
MEX:BXP vs ARE, VNO, CUZ: Gross Margin % Comparison
For the REIT - Office subindustry, BXP'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.
BXP Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, BXP's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BXP'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.
BXP (MEX:BXP) has a Gross Margin % of 59.75% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on BXP and its competitors. This is near median its historical median of 62.94. Over the past decade, BXP's Gross Margin % has ranged from 60.38 to 64.20. According to the industry distribution chart, BXP ranks #478 out of 682 companies in the REITs industry, placing it in the top 70.1%.
Is BXP's Gross Margin % too high?
BXP's current Gross Margin % of 59.75% is near median its 10-year median of 62.94. Over the past 10 years, this metric has ranged from a low of 60.38 to a high of 64.20. The REITs industry median Gross Margin % is 69.71. BXP's value of 59.75% is 14.3% below this industry median. Based on the distribution chart, BXP ranks #478 out of 682 companies in the REITs industry, which is below the industry midpoint. Overall, BXP has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does BXP's Gross Margin % compare to ARE and VNO?
According to the REITs industry distribution chart, BXP ranks #478 out of 682 companies for Gross Margin %. This places BXP in the lower half of its industry. The industry median Gross Margin % is 69.71. BXP's value of 59.75% is 14.3% below this benchmark. Historically, BXP's own Gross Margin % has ranged from 60.38 to 64.20 over the past decade. While the company's 10-year median is 62.94 vs. the industry median of 69.71, BXP 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 REITs company?
The median Gross Margin % among REITs companies is 69.71, based on 682 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. BXP's current Gross Margin % of 59.75% is 14.3% 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 BXP and its competitors. For the REITs industry, the median Gross Margin % is 69.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BXP's current Gross Margin % is 59.75%, which is near median its own 10-year median of 62.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BXP stock overvalued right now?
BXP (MEX:BXP) has a current Gross Margin % of 59.75%. The stock's GF Value™ is MXN1,312.28, compared to a current price of MXN1,280.00 — trading 2.5% below its estimated fair value. The current Gross Margin % is 59.75%, which is near median its 10-year median of 62.94 and 14.3% below the REITs industry median of 69.71. BXP's overall GF Score™ is 70/100 with 10 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 BXP (MEX:BXP), the current Gross Margin % is 59.75% 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 BXP (MEX:BXP) Overvalued in 2026?
Based on GuruFocus' analysis, BXP stock appears to be undervalued.
The current stock price of MXN1,280.00 is trading 2.5% below its estimated GF Value™ of MXN1,312.28.
Key valuation signals for MEX:BXP:
Gross Margin %: 59.75% (near median its 10-year median of 62.94)
GF Value™: MXN1,312.28 vs. price of MXN1,280.00 (2.5% below fair value)
Industry Position: 14.3% below the REITs median (#478 of 682)
No single metric tells the full story. See the MEX:BXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BXP owns 179 properties consisting of approximately 52.6 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.
70GF Score
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