Sibanye Stillwater (MEX:SBSWN) Gross Margin %: 24.93% (As of Dec. 2025) — 59% Above Median


MEX:SBSWN Sibanye Stillwater Ltd MEX:SBSWN
64 GF Score
Price MXN201.50
GF Value MXN172.28
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Sibanye Stillwater Gross Margin %?

Sibanye Stillwater MEX:SBSWN 64 Gross Margin % is 24.93% as of Dec. 2025, which is 59% above its 10-year median of 15.72. GuruFocus rates MEX:SBSWN with a GF Score™ of 64/100 and a GF Value™ of MXN172.28 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 730 Metals & Mining companies, Sibanye Stillwater ranks worse than 52.74% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Sibanye Stillwater's Gross Profit for the six months ended in Dec. 2025 was MXN19,977 Mil. Sibanye Stillwater's Revenue for the six months ended in Dec. 2025 was MXN80,130 Mil. Therefore, Sibanye Stillwater's Gross Margin % for the quarter that ended in Dec. 2025 was 24.93%.

Warning Sign:

Sibanye Stillwater Ltd gross margin has been in long-term decline. The average rate of decline per year is -20.3%.


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

MEX:SBSWN' s Gross Margin % Range Over the Past 10 Years
Min: 4.36   Med: 15.72   Max: 34.76
Current: 23.68


During the past 13 years, the highest Gross Margin % of Sibanye Stillwater was 34.76%. The lowest was 4.36%. And the median was 15.72%.

MEX:SBSWN's Gross Margin % is ranked worse than
52.74% of 730 companies
in the Metals & Mining industry
Industry Median: 26.045 vs MEX:SBSWN: 23.68

Sibanye Stillwater had a gross margin of 24.93% for the quarter that ended in Dec. 2025 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Sibanye Stillwater was -20.30% per year.


Sibanye Stillwater  (MEX:SBSWN) 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

Sibanye Stillwater had a gross margin of 24.93% for the quarter that ended in Dec. 2025 => 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.


Sibanye Stillwater Gross Margin % Related Terms


Sibanye Stillwater Gross Margin % Historical Data

* Premium members only.

The historical data trend for Sibanye Stillwater'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.

Sibanye Stillwater Gross Margin % Chart

Sibanye Stillwater 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 34.76 25.02 11.24 5.62 23.68

Sibanye Stillwater Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 4.76 4.97 6.26 21.97 24.93

MEX:SBSWN vs HL: Gross Margin % Comparison

For the Other Precious Metals & Mining subindustry, Sibanye Stillwater'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.


Sibanye Stillwater Gross Margin % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sibanye Stillwater's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Sibanye Stillwater's Gross Margin % falls into.


MEX:SBSWN
64GF Score
Sibanye Stillwater Ltd MEX:SBSWN
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sibanye Stillwater Gross Margin % Calculation

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

Sibanye Stillwater'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 )
=32845.8 / 138713.644
=(Revenue - Cost of Goods Sold) / Revenue
=(138713.644 - 105867.872) / 138713.644
=23.68 %

Sibanye Stillwater's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=19977.5 / 80130.163
=(Revenue - Cost of Goods Sold) / Revenue
=(80130.163 - 60152.711) / 80130.163
=24.93 %

* 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 24.93% mean?
Sibanye Stillwater (MEX:SBSWN) has a Gross Margin % of 24.93% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Sibanye Stillwater and its competitors. This is 59% above median its historical median of 15.72. Over the past decade, Sibanye Stillwater's Gross Margin % has ranged from 4.36 to 34.76. According to the industry distribution chart, Sibanye Stillwater ranks #385 out of 730 companies in the Metals & Mining industry, placing it in the top 52.7%.
Is Sibanye Stillwater's Gross Margin % too high?
Sibanye Stillwater's current Gross Margin % of 24.93% is 59% above median its 10-year median of 15.72. Over the past 10 years, this metric has ranged from a low of 4.36 to a high of 34.76. The Metals & Mining industry median Gross Margin % is 26.05. Sibanye Stillwater's value of 24.93% is 4.3% below this industry median. Based on the distribution chart, Sibanye Stillwater ranks #385 out of 730 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Sibanye Stillwater has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sibanye Stillwater's Gross Margin % compare to HL?
According to the Metals & Mining industry distribution chart, Sibanye Stillwater ranks #385 out of 730 companies for Gross Margin %. This places Sibanye Stillwater in the lower half of its industry. The industry median Gross Margin % is 26.05. Sibanye Stillwater's value of 24.93% is 4.3% below this benchmark. Historically, Sibanye Stillwater's own Gross Margin % has ranged from 4.36 to 34.76 over the past decade. While the company's 10-year median is 15.72 vs. the industry median of 26.05, Sibanye Stillwater 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 Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.05, based on 730 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. Sibanye Stillwater's current Gross Margin % of 24.93% is 4.3% 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 Sibanye Stillwater and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sibanye Stillwater's current Gross Margin % is 24.93%, which is 59% above median its own 10-year median of 15.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sibanye Stillwater stock overvalued right now?
Based on GuruFocus' analysis, Sibanye Stillwater (MEX:SBSWN) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN172.28, compared to a current price of MXN201.50 — trading 17% above its estimated fair value. The current Gross Margin % is 24.93%, which is 59% above median its 10-year median of 15.72 and 4.3% below the Metals & Mining industry median of 26.05. Sibanye Stillwater's overall GF Score™ is 64/100 with 6 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 Sibanye Stillwater (MEX:SBSWN), the current Gross Margin % is 24.93% as of Dec. 2025. 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 Sibanye Stillwater (MEX:SBSWN) Overvalued in 2026?

Based on GuruFocus' analysis, Sibanye Stillwater stock appears to be overvalued. The current stock price of MXN201.50 is trading 17% above its estimated GF Value™ of MXN172.28. GuruFocus considers Sibanye Stillwater to be Modestly Overvalued.

Key valuation signals for MEX:SBSWN:

  • Gross Margin %: 24.93% (59% above median its 10-year median of 15.72)
  • GF Value™: MXN172.28 vs. price of MXN201.50 (17% above fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 4.3% below the Metals & Mining median (#385 of 730)

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


Sibanye Stillwater Business Description

Address Cnr 14th Avenue and Hendrik Potgieter Road, Bridgeview House, Building 11, Ground Floor, Lakeview Avenue, Constantia Office Park, Weltevreden Park, Roodepoort, GT, ZAF, 1709
Sibanye Stillwater Ltd is a South African mining and metals processing group with a diverse portfolio of operations, projects, and investments across five continents. The Group is also one of the foremost recyclers of PGM autocatalysts and has interests in mine tailings retreatment operations. It is a producer of platinum, palladium, and rhodium and is a top-tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper, and cobalt. Its products are Gold, Nickel, Zinc, Chrome, PGMs, and other. Group operations are divided into two segments, South African Operations and International and recycling operations.
64GF Score

Get the complete analysis for MEX:SBSWN

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

MXN201.50
Price
MXN172.28
GF Value