FMCMEX:FMC1 32 Gross Margin % is 32.51% as of Mar. 2026, which is 20% below its 10-year median of 40.46. GuruFocus rates MEX:FMC1 with a GF Score™ of 32/100 and a GF Value™ of MXN836.81 (Possible Value Trap). The stock has 11 warning signs investors should review. Among 247 Agriculture companies, FMC ranks better than 76.92% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. FMC's Gross Profit for the
three
months ended in Mar. 2026 was MXN4,447 Mil. FMC's Revenue for the
three
months ended in Mar. 2026 was MXN13,680 Mil. Therefore, FMC's Gross Margin % for the quarter that ended in Mar. 2026 was 32.51%.
Warning Sign:
FMC Corp gross margin has been in long-term decline. The average rate of decline per year is -3.2%.
The historical rank and industry rank for FMC's Gross Margin % or its related term are showing as below:
MEX:FMC1'
s Gross Margin % Range Over the Past 10 Years
Min: 35.31 Med: 40.46 Max: 45.2
Current: 35.31
During the past 13 years, the highestGross Margin % of FMC was 45.20%. The lowest was 35.31%. And the median was 40.46%.
MEX:FMC1's Gross Margin % is ranked better than 76.92% of 247
companies
in the Agriculture industry
Industry Median: 24.81
vs MEX:FMC1: 35.31
FMC had a gross margin of 32.51% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for FMC was -3.20% per year.
FMC (MEX:FMC1) 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
FMC had a gross margin of 32.51% for the quarter that ended in Mar. 2026 => 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.
FMC Gross Margin % Related Terms
FMC Gross Margin % Historical Data
* Premium members only.
The historical data trend for FMC'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:FMC1 vs UAN, IPI, VRDR: Gross Margin % Comparison
For the Agricultural Inputs subindustry, FMC'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.
FMC Gross Margin % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, FMC's Gross Margin % distribution charts can be found below:
* The bar in red indicates where FMC'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.
FMC (MEX:FMC1) has a Gross Margin % of 32.51% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on FMC and its competitors. This is 20% below median its historical median of 40.46. Over the past decade, FMC's Gross Margin % has ranged from 35.31 to 45.20. According to the industry distribution chart, FMC ranks #57 out of 247 companies in the Agriculture industry, placing it in the top 23.1%.
Is FMC's Gross Margin % too high?
FMC's current Gross Margin % of 32.51% is 20% below median its 10-year median of 40.46. Over the past 10 years, this metric has ranged from a low of 35.31 to a high of 45.20. The Agriculture industry median Gross Margin % is 24.81. FMC's value of 32.51% is 31% above this industry median. Based on the distribution chart, FMC ranks #57 out of 247 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, FMC has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FMC's Gross Margin % compare to UAN and IPI?
According to the Agriculture industry distribution chart, FMC ranks #57 out of 247 companies for Gross Margin %. This places FMC in the top 23% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 24.81. FMC's value of 32.51% is 31% above this benchmark. Historically, FMC's own Gross Margin % has ranged from 35.31 to 45.20 over the past decade. While the company's 10-year median is 40.46 vs. the industry median of 24.81, FMC 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 an Agriculture company?
The median Gross Margin % among Agriculture companies is 24.81, based on 247 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. FMC's current Gross Margin % of 32.51% is 31% 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 FMC and its competitors. For the Agriculture industry, the median Gross Margin % is 24.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FMC's current Gross Margin % is 32.51%, which is 20% below median its own 10-year median of 40.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FMC stock overvalued right now?
Based on GuruFocus' analysis, FMC (MEX:FMC1) is currently considered Possible Value Trap. The stock's GF Value™ is MXN836.81, compared to a current price of MXN239.00 — trading 71.4% below its estimated fair value. The current Gross Margin % is 32.51%, which is 20% below median its 10-year median of 40.46 and 31% above the Agriculture industry median of 24.81. FMC's overall GF Score™ is 32/100 with 11 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 FMC (MEX:FMC1), the current Gross Margin % is 32.51% 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 FMC (MEX:FMC1) Overvalued in 2026?
Based on GuruFocus' analysis, FMC stock appears to be undervalued.
The current stock price of MXN239.00 is trading 71.4% below its estimated GF Value™ of MXN836.81.
GuruFocus considers FMC to be Possible Value Trap.
Key valuation signals for MEX:FMC1:
Gross Margin %: 32.51% (20% below median its 10-year median of 40.46)
GF Value™: MXN836.81 vs. price of MXN239.00 (71.4% below fair value)
Industry Position: 31% above the Agriculture median (#57 of 247)
No single metric tells the full story. See the MEX:FMC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure. Through acquisitions, FMC is now one of the five largest patented crop protection companies and focuses on the development of new products, including biologicals, through its research and development pipeline.
32GF Score
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