MetroMEX:MRUN 84 Gross Margin % is 20.09% as of Mar. 2026, which is 2% above its 10-year median of 19.78. GuruFocus rates MEX:MRUN with a GF Score™ of 84/100 and a GF Value™ of MXN1,104.00. Among 305 Retail - Defensive companies, Metro ranks worse than 62.62% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Metro's Gross Profit for the
three
months ended in Mar. 2026 was MXN13,500 Mil. Metro's Revenue for the
three
months ended in Mar. 2026 was MXN67,202 Mil. Therefore, Metro's Gross Margin % for the quarter that ended in Mar. 2026 was 20.09%.
The historical rank and industry rank for Metro's Gross Margin % or its related term are showing as below:
MEX:MRUN'
s Gross Margin % Range Over the Past 10 Years
Min: 19.65 Med: 19.78 Max: 20.03
Current: 19.88
During the past 13 years, the highestGross Margin % of Metro was 20.03%. The lowest was 19.65%. And the median was 19.78%.
MEX:MRUN's Gross Margin % is ranked worse than 62.62% of 305
companies
in the Retail - Defensive industry
Industry Median: 24.14
vs MEX:MRUN: 19.88
Metro had a gross margin of 20.09% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Metro was -0.20% per year.
Metro (MEX:MRUN) 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
Metro had a gross margin of 20.09% 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.
Metro Gross Margin % Related Terms
Metro Gross Margin % Historical Data
* Premium members only.
The historical data trend for Metro'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:MRUN vs KR, SFM, ACI: Gross Margin % Comparison
For the Grocery Stores subindustry, Metro'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.
Metro Gross Margin % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Metro's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Metro'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.
Metro (MEX:MRUN) has a Gross Margin % of 20.09% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Metro and its competitors. This is near median its historical median of 19.78. Over the past decade, Metro's Gross Margin % has ranged from 19.65 to 20.03. According to the industry distribution chart, Metro ranks #191 out of 305 companies in the Retail - Defensive industry, placing it in the top 62.6%.
Is Metro's Gross Margin % too high?
Metro's current Gross Margin % of 20.09% is near median its 10-year median of 19.78. Over the past 10 years, this metric has ranged from a low of 19.65 to a high of 20.03. The Retail - Defensive industry median Gross Margin % is 24.14. Metro's value of 20.09% is 16.8% below this industry median. Based on the distribution chart, Metro ranks #191 out of 305 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Metro has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Metro's Gross Margin % compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Metro ranks #191 out of 305 companies for Gross Margin %. This places Metro in the lower half of its industry. The industry median Gross Margin % is 24.14. Metro's value of 20.09% is 16.8% below this benchmark. Historically, Metro's own Gross Margin % has ranged from 19.65 to 20.03 over the past decade. While the company's 10-year median is 19.78 vs. the industry median of 24.14, Metro 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 Retail - Defensive company?
The median Gross Margin % among Retail - Defensive companies is 24.14, based on 305 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. Metro's current Gross Margin % of 20.09% is 16.8% 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 Metro and its competitors. For the Retail - Defensive industry, the median Gross Margin % is 24.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metro's current Gross Margin % is 20.09%, which is near median its own 10-year median of 19.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro stock overvalued right now?
Metro (MEX:MRUN) has a current Gross Margin % of 20.09%. The stock's GF Value™ is MXN1,104.00, compared to a current price of MXN1,065.12 — trading 3.5% below its estimated fair value. The current Gross Margin % is 20.09%, which is near median its 10-year median of 19.78 and 16.8% below the Retail - Defensive industry median of 24.14. Metro's overall GF Score™ is 84/100. 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 Metro (MEX:MRUN), the current Gross Margin % is 20.09% 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 Metro (MEX:MRUN) Overvalued in 2026?
Based on GuruFocus' analysis, Metro stock appears to be undervalued.
The current stock price of MXN1,065.12 is trading 3.5% below its estimated GF Value™ of MXN1,104.00.
Key valuation signals for MEX:MRUN:
Gross Margin %: 20.09% (near median its 10-year median of 19.78)
GF Value™: MXN1,104.00 vs. price of MXN1,065.12 (3.5% below fair value)
Industry Position: 16.8% below the Retail - Defensive median (#191 of 305)
No single metric tells the full story. See the MEX:MRUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metro is the third-largest grocery retailer in Canada (behind Loblaws and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaws and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in Quebec and Ontario, with no presence in western Canada.
84GF Score
Get the complete analysis for MEX:MRUN
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
MEX:MRUN has been successfully added to your 
