Snam SpAMEX:SRGS N 69 Gross Margin % is 77.58% as of Mar. 2026, which is 22% below its 10-year median of 98.93. GuruFocus rates MEX:SRGS N with a GF Score™ of 69/100 and a GF Value™ of MXN66.28. The stock has 10 warning signs investors should review. Among 489 Utilities - Regulated companies, Snam SpA ranks better than 99.59% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Snam SpA's Gross Profit for the
three
months ended in Mar. 2026 was MXN16,156 Mil. Snam SpA's Revenue for the
three
months ended in Mar. 2026 was MXN20,826 Mil. Therefore, Snam SpA's Gross Margin % for the quarter that ended in Mar. 2026 was 77.58%.
The historical rank and industry rank for Snam SpA's Gross Margin % or its related term are showing as below:
MEX:SRGS N'
s Gross Margin % Range Over the Past 10 Years
Min: 81.46 Med: 98.93 Max: 108.46
Current: 101.26
During the past 13 years, the highestGross Margin % of Snam SpA was 108.46%. The lowest was 81.46%. And the median was 98.93%.
MEX:SRGS N's Gross Margin % is ranked better than 99.59% of 489
companies
in the Utilities - Regulated industry
Industry Median: 30.88
vs MEX:SRGS N: 101.26
Snam SpA had a gross margin of 77.58% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Snam SpA was 2.20% per year.
Snam SpA (MEX:SRGS N) 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
Snam SpA had a gross margin of 77.58% for the quarter that ended in Mar. 2026 => Durable 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.
Snam SpA Gross Margin % Related Terms
Snam SpA Gross Margin % Historical Data
* Premium members only.
The historical data trend for Snam SpA'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:SRGS N vs ATO, NI, UGI: Gross Margin % Comparison
For the Utilities - Regulated Gas subindustry, Snam SpA'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.
Snam SpA Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Snam SpA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Snam SpA'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.
Snam SpA (MEX:SRGS N) has a Gross Margin % of 77.58% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Snam SpA and its competitors. This is 22% below median its historical median of 98.93. Over the past decade, Snam SpA's Gross Margin % has ranged from 81.46 to 108.46. According to the industry distribution chart, Snam SpA ranks #2 out of 489 companies in the Utilities - Regulated industry, placing it in the top 0.40000000000001%.
Is Snam SpA's Gross Margin % too high?
Snam SpA's current Gross Margin % of 77.58% is 22% below median its 10-year median of 98.93. Over the past 10 years, this metric has ranged from a low of 81.46 to a high of 108.46. The Utilities - Regulated industry median Gross Margin % is 30.88. Snam SpA's value of 77.58% is 151.2% above this industry median. Based on the distribution chart, Snam SpA ranks #2 out of 489 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Snam SpA has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's Gross Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Snam SpA ranks #2 out of 489 companies for Gross Margin %. This places Snam SpA in the top 0% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 30.88. Snam SpA's value of 77.58% is 151.2% above this benchmark. Historically, Snam SpA's own Gross Margin % has ranged from 81.46 to 108.46 over the past decade. While the company's 10-year median is 98.93 vs. the industry median of 30.88, Snam SpA 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 Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 30.88, based on 489 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. Snam SpA's current Gross Margin % of 77.58% is 151.2% 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 Snam SpA and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 30.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Snam SpA's current Gross Margin % is 77.58%, which is 22% below median its own 10-year median of 98.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snam SpA stock overvalued right now?
Snam SpA (MEX:SRGS N) has a current Gross Margin % of 77.58%. The stock's GF Value™ is MXN66.28, compared to a current price of MXN86.11 — trading 29.9% above its estimated fair value. The current Gross Margin % is 77.58%, which is 22% below median its 10-year median of 98.93 and 151.2% above the Utilities - Regulated industry median of 30.88. Snam SpA's overall GF Score™ is 69/100 with 10 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 Snam SpA (MEX:SRGS N), the current Gross Margin % is 77.58% 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 Snam SpA (MEX:SRGS N) Overvalued in 2026?
Based on GuruFocus' analysis, Snam SpA stock appears to be overvalued.
The current stock price of MXN86.11 is trading 29.9% above its estimated GF Value™ of MXN66.28.
Key valuation signals for MEX:SRGS N:
Gross Margin %: 77.58% (22% below median its 10-year median of 98.93)
GF Value™: MXN66.28 vs. price of MXN86.11 (29.9% above fair value)
Industry Position: 151.2% above the Utilities - Regulated median (#2 of 489)
No single metric tells the full story. See the MEX:SRGS N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17% of European gas storage capacity and 18.1 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.
69GF Score
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