Gross Margin % is calculated as gross profit divided by its revenue. Lucid Group's Gross Profit for the
three
months ended in Mar. 2026 was MXN-5,621 Mil. Lucid Group's Revenue for the
three
months ended in Mar. 2026 was MXN5,094 Mil. Therefore, Lucid Group's Gross Margin % for the quarter that ended in Mar. 2026 was -110.35%.
The historical rank and industry rank for Lucid Group's Gross Margin % or its related term are showing as below:
MEX:LCID'
s Gross Margin % Range Over the Past 10 Years
Min: -471.34 Med: -114.27 Max: 22.79
Current: -95.6
During the past 7 years, the highestGross Margin % of Lucid Group was 22.79%. The lowest was -471.34%. And the median was -114.27%.
MEX:LCID's Gross Margin % is ranked worse than 99.54% of 1313
companies
in the Vehicles & Parts industry
Industry Median: 19.84
vs MEX:LCID: -95.60
Lucid Group had a gross margin of -110.35% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Lucid Group was 0.00% per year.
Lucid Group (MEX:LCID) 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
Lucid Group had a gross margin of -110.35% 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.
Lucid Group Gross Margin % Related Terms
Lucid Group Gross Margin % Historical Data
* Premium members only.
The historical data trend for Lucid 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.
MEX:LCID vs PSNY, CYD, LOT: Gross Margin % Comparison
For the Auto Manufacturers subindustry, Lucid 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.
Lucid Group Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Lucid Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Lucid Group'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.
Lucid Group (MEX:LCID) has a Gross Margin % of -110.35% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Lucid Group and its competitors. According to the industry distribution chart, Lucid Group ranks #1307 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 99.5%.
Is Lucid Group's Gross Margin % too high?
Lucid Group's current Gross Margin % is -110.35%. Based on the distribution chart, Lucid Group ranks #1307 out of 1313 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Lucid Group has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Lucid Group's Gross Margin % compare to PSNY and CYD?
According to the Vehicles & Parts industry distribution chart, Lucid Group ranks #1307 out of 1313 companies for Gross Margin %. This places Lucid Group in the lower half of its industry. The industry median Gross Margin % is 19.84. 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 Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.84, based on 1,313 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 Lucid Group and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lucid Group's current Gross Margin % is -110.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lucid Group stock overvalued right now?
Based on GuruFocus' analysis, Lucid Group (MEX:LCID) is currently considered Possible Value Trap. The stock's GF Value™ is MXN764.84, compared to a current price of MXN89.94 — trading 88.2% below its estimated fair value. The current Gross Margin % is -110.35%. Lucid Group's overall GF Score™ is 41/100 with 7 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 Lucid Group (MEX:LCID), the current Gross Margin % is -110.35% 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 Lucid Group (MEX:LCID) Overvalued in 2026?
Based on GuruFocus' analysis, Lucid Group stock appears to be undervalued.
The current stock price of MXN89.94 is trading 88.2% below its estimated GF Value™ of MXN764.84.
GuruFocus considers Lucid Group to be Possible Value Trap.
Key valuation signals for MEX:LCID:
Gross Margin %: -110.35%
GF Value™: MXN764.84 vs. price of MXN89.94 (88.2% below fair value)
No single metric tells the full story. See the MEX:LCID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It offers its own geographically distributed retail and service locations through direct-to-consumer online and retail sales. It also boasts a product roadmap of future vehicle programs and technologies. It focuses on in-house hardware and software innovation, vertical integration, and a clean-sheet approach to engineering and design, which led to the development of the Lucid Air. The Lucid Air is a luxury sedan that redefines both the luxury car segment and the EV space. Its geographic segments include North America, the Middle East, and Other International.
41GF Score
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