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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Warby ParkerMEX:WRBY 69 Gross Margin % is 57.94% as of Jun. 2026, which is 2% above its 10-year median of 57.02. GuruFocus rates MEX:WRBY with a GF Score™ of 69/100 and a GF Value™ of MXN302.34. The stock has 4 warning signs investors should review. Among 807 Medical Devices & Instruments companies, Warby Parker ranks better than 54.15% on this metric.
Warby Parker Inc gross margin has been in long-term decline. The average rate of decline per year is -1.9%.
The historical rank and industry rank for Warby Parker's Gross Margin % or its related term are showing as below:
MEX:WRBY'
s Gross Margin % Range Over the Past 10 Years
Min: 53.97 Med: 57.02 Max: 60.22
Current: 54.68
During the past 7 years, the highestGross Margin % of Warby Parker was 60.22%. The lowest was 53.97%. And the median was 57.02%.
MEX:WRBY's Gross Margin % is ranked better than 54.15% of 807
companies
in the Medical Devices & Instruments industry
Industry Median: 52.34
vs MEX:WRBY: 54.68
Warby Parker had a gross margin of 57.94% for the quarter that ended in Jun. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Warby Parker was -1.90% per year.
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
Warby Parker had a gross margin of 57.94% for the quarter that ended in Jun. 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.
Warby Parker Gross Margin % Related Terms
Warby Parker Gross Margin % Historical Data
* Premium members only.
The historical data trend for Warby Parker'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:WRBY vs XRAY, LMAT, PLSE: Gross Margin % Comparison
For the Medical Instruments & Supplies subindustry, Warby Parker'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.
Warby Parker Gross Margin % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Warby Parker's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Warby Parker'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.
Warby Parker (MEX:WRBY) has a Gross Margin % of 57.94% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Warby Parker and its competitors. This is near median its historical median of 57.02. Over the past decade, Warby Parker's Gross Margin % has ranged from 53.97 to 60.22. According to the industry distribution chart, Warby Parker ranks #370 out of 807 companies in the Medical Devices & Instruments industry, placing it in the top 45.8%.
Is Warby Parker's Gross Margin % too high?
Warby Parker's current Gross Margin % of 57.94% is near median its 10-year median of 57.02. Over the past 10 years, this metric has ranged from a low of 53.97 to a high of 60.22. The Medical Devices & Instruments industry median Gross Margin % is 52.34. Warby Parker's value of 57.94% is 10.7% above this industry median. Based on the distribution chart, Warby Parker ranks #370 out of 807 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Warby Parker has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Warby Parker's Gross Margin % compare to XRAY and LMAT?
According to the Medical Devices & Instruments industry distribution chart, Warby Parker ranks #370 out of 807 companies for Gross Margin %. This puts Warby Parker in the upper half of its industry. The industry median Gross Margin % is 52.34. Warby Parker's value of 57.94% is 10.7% above this benchmark. Historically, Warby Parker's own Gross Margin % has ranged from 53.97 to 60.22 over the past decade. While the company's 10-year median is 57.02 vs. the industry median of 52.34, Warby Parker 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 a Medical Devices & Instruments company?
The median Gross Margin % among Medical Devices & Instruments companies is 52.34, based on 807 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. Warby Parker's current Gross Margin % of 57.94% is 10.7% 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 Warby Parker and its competitors. For the Medical Devices & Instruments industry, the median Gross Margin % is 52.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warby Parker's current Gross Margin % is 57.94%, which is near median its own 10-year median of 57.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warby Parker stock overvalued right now?
Warby Parker (MEX:WRBY) has a current Gross Margin % of 57.94%. The stock's GF Value™ is MXN302.34, compared to a current price of MXN369.50 — trading 22.2% above its estimated fair value. The current Gross Margin % is 57.94%, which is near median its 10-year median of 57.02 and 10.7% above the Medical Devices & Instruments industry median of 52.34. Warby Parker's overall GF Score™ is 69/100 with 4 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 Warby Parker (MEX:WRBY), the current Gross Margin % is 57.94% as of Jun. 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 Warby Parker (MEX:WRBY) Overvalued in 2026?
Based on GuruFocus' analysis, Warby Parker stock appears to be overvalued.
The current stock price of MXN369.50 is trading 22.2% above its estimated GF Value™ of MXN302.34.
Key valuation signals for MEX:WRBY:
Gross Margin %: 57.94% (near median its 10-year median of 57.02)
GF Value™: MXN302.34 vs. price of MXN369.50 (22.2% above fair value)
Industry Position: 10.7% above the Medical Devices & Instruments median (#370 of 807)
No single metric tells the full story. See the MEX:WRBY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warby Parker Inc is a mission-driven, lifestyle brand that operates at the intersection of design, technology, healthcare, and social enterprise. The Company provides holistic vision care by offering eyewear, contacts, and eye care directly to consumers through its integrated, omnichannel platform. The company predominantly derives revenue from the sales of eyewear products, optical services, and accessories. The firm sells products and services through its stores, website, and mobile apps. Revenue generated from eyewear products includes the sales of prescription and non-prescription optical glasses and sunglasses, contact lenses, eyewear accessories, and expedited shipping charges.
69GF Score
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