Niu Technologies (MEX:NIUN) Gross Margin %: 17.43% (As of Mar. 2026) — 14% Below Median


MEX:NIUN Niu Technologies MEX:NIUN
59 GF Score
Price MXN34.00
GF Value MXN64.18
! 3 Warning Signs
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What is Niu Technologies Gross Margin %?

Niu Technologies MEX:NIUN 59 Gross Margin % is 17.43% as of Mar. 2026, which is 14% below its 10-year median of 20.36. GuruFocus rates MEX:NIUN with a GF Score™ of 59/100 and a GF Value™ of MXN64.18. The stock has 3 warning signs investors should review. Among 1,313 Vehicles & Parts companies, Niu Technologies ranks worse than 51.49% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Niu Technologies's Gross Profit for the three months ended in Mar. 2026 was MXN415 Mil. Niu Technologies's Revenue for the three months ended in Mar. 2026 was MXN2,380 Mil. Therefore, Niu Technologies's Gross Margin % for the quarter that ended in Mar. 2026 was 17.43%.

Warning Sign:

Niu Technologies gross margin has been in long-term decline. The average rate of decline per year is -5.2%.


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

MEX:NIUN' s Gross Margin % Range Over the Past 10 Years
Min: -3.6   Med: 20.36   Max: 23.43
Current: 19.47


During the past 10 years, the highest Gross Margin % of Niu Technologies was 23.43%. The lowest was -3.60%. And the median was 20.36%.

MEX:NIUN's Gross Margin % is ranked worse than
51.49% of 1313 companies
in the Vehicles & Parts industry
Industry Median: 19.84 vs MEX:NIUN: 19.47

Niu Technologies had a gross margin of 17.43% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Niu Technologies was -5.20% per year.


Niu Technologies  (MEX:NIUN) 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

Niu Technologies had a gross margin of 17.43% 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.


Niu Technologies Gross Margin % Related Terms


Niu Technologies Gross Margin % Historical Data

* Premium members only.

The historical data trend for Niu Technologies'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.

Niu Technologies Gross Margin % Chart

Niu Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.94 21.13 21.52 15.17 19.58

Niu Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.31 20.11 21.83 15.26 17.43

MEX:NIUN vs EMPD, FFAI, SEV: Gross Margin % Comparison

For the Auto Manufacturers subindustry, Niu Technologies'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.


Niu Technologies Gross Margin % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Niu Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Niu Technologies's Gross Margin % falls into.


MEX:NIUN
59GF Score
Niu Technologies MEX:NIUN
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Niu Technologies Gross Margin % Calculation

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

Niu Technologies'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 )
=2156.6 / 11012.91
=(Revenue - Cost of Goods Sold) / Revenue
=(11012.91 - 8856.35) / 11012.91
=19.58 %

Niu Technologies's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=414.8 / 2379.706
=(Revenue - Cost of Goods Sold) / Revenue
=(2379.706 - 1964.876) / 2379.706
=17.43 %

* 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 17.43% mean?
Niu Technologies (MEX:NIUN) has a Gross Margin % of 17.43% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Niu Technologies and its competitors. This is 14% below median its historical median of 20.36. According to the industry distribution chart, Niu Technologies ranks #676 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 51.5%.
Is Niu Technologies' Gross Margin % too high?
Niu Technologies' current Gross Margin % of 17.43% is 14% below median its 10-year median of 20.36. The Vehicles & Parts industry median Gross Margin % is 19.84. Niu Technologies' value of 17.43% is 12.1% below this industry median. Based on the distribution chart, Niu Technologies ranks #676 out of 1313 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Niu Technologies has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Niu Technologies' Gross Margin % compare to EMPD and FFAI?
According to the Vehicles & Parts industry distribution chart, Niu Technologies ranks #676 out of 1313 companies for Gross Margin %. This places Niu Technologies in the lower half of its industry. The industry median Gross Margin % is 19.84. Niu Technologies' value of 17.43% is 12.1% below this benchmark. While the company's 10-year median is 20.36 vs. the industry median of 19.84, Niu Technologies 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 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. Niu Technologies's current Gross Margin % of 17.43% is 12.1% 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 Niu Technologies 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. Niu Technologies's current Gross Margin % is 17.43%, which is 14% below median its own 10-year median of 20.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Niu Technologies stock overvalued right now?
Niu Technologies (MEX:NIUN) has a current Gross Margin % of 17.43%. The stock's GF Value™ is MXN64.18, compared to a current price of MXN34.00 — trading 47% below its estimated fair value. The current Gross Margin % is 17.43%, which is 14% below median its 10-year median of 20.36 and 12.1% below the Vehicles & Parts industry median of 19.84. Niu Technologies' overall GF Score™ is 59/100 with 3 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 Niu Technologies (MEX:NIUN), the current Gross Margin % is 17.43% 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 Niu Technologies (MEX:NIUN) Overvalued in 2026?

Based on GuruFocus' analysis, Niu Technologies stock appears to be undervalued. The current stock price of MXN34.00 is trading 47% below its estimated GF Value™ of MXN64.18.

Key valuation signals for MEX:NIUN:

  • Gross Margin %: 17.43% (14% below median its 10-year median of 20.36)
  • GF Value™: MXN64.18 vs. price of MXN34.00 (47% below fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 12.1% below the Vehicles & Parts median (#676 of 1313)

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


Niu Technologies Business Description

Other Exchanges NIU:USA0A54:UK0O9:Germany
Address No. 34 Chuangyuan Road, 23rd Floor, Building C, Rongxin Technology Center, Chaoyang District, Beijing, CHN, 100012
Niu Technologies designs, manufactures, and sells high-performance electric motorcycles, scooters, bicycles, and kick-scooters. The company has a product portfolio consisting of electric motorcycles, mopeds, and bicycle series, including the NQi, MQi, UQi, FQi series, and others, and micro-mobility series, including the kick-scooter series KQi and the e-bike series BQi. The company's principal operations and geographic markets are predominantly in the People's Republic of China. It also generates revenue from Europe and other regions.
59GF Score

Get the complete analysis for MEX:NIUN

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

MXN34.00
Price
MXN64.18
GF Value