Adventure SpAMIL:ADV -1.64%15 Gross Margin % is 78.64% as of Dec. 2025, which is 8% below its 10-year median of 85.56. GuruFocus rates MIL:ADV with a GF Score™ of 15/100. The stock has 6 warning signs investors should review. Among 2,685 Software companies, Adventure SpA ranks better than 88.68% on this metric.
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
Adventure SpA had a gross margin of 78.64% for the quarter that ended in Dec. 2025 => 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.
Adventure SpA Gross Margin % Related Terms
Adventure SpA Gross Margin % Historical Data
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The historical data trend for Adventure 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.
MIL:ADV vs CRM, SHOP, UBER: Gross Margin % Comparison
For the Software - Application subindustry, Adventure 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.
Adventure SpA Gross Margin % vs Software Industry
For the Software industry and Technology sector, Adventure SpA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Adventure 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.
Adventure SpA (MIL:ADV) has a Gross Margin % of 78.64% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Adventure SpA and its competitors. This is near median its historical median of 85.56. Over the past decade, Adventure SpA's Gross Margin % has ranged from 34.37 to 92.36. According to the industry distribution chart, Adventure SpA ranks #304 out of 2685 companies in the Software industry, placing it in the top 11.3%.
Is Adventure SpA's Gross Margin % too high?
Adventure SpA's current Gross Margin % of 78.64% is near median its 10-year median of 85.56. Over the past 10 years, this metric has ranged from a low of 34.37 to a high of 92.36. The Software industry median Gross Margin % is 40.45. Adventure SpA's value of 78.64% is 94.4% above this industry median. Based on the distribution chart, Adventure SpA ranks #304 out of 2685 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Adventure SpA has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Adventure SpA's Gross Margin % compare to CRM and SHOP?
According to the Software industry distribution chart, Adventure SpA ranks #304 out of 2685 companies for Gross Margin %. This places Adventure SpA in the top 11% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.45. Adventure SpA's value of 78.64% is 94.4% above this benchmark. Historically, Adventure SpA's own Gross Margin % has ranged from 34.37 to 92.36 over the past decade. While the company's 10-year median is 85.56 vs. the industry median of 40.45, Adventure 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 a Software company?
The median Gross Margin % among Software companies is 40.45, based on 2,685 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. Adventure SpA's current Gross Margin % of 78.64% is 94.4% 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 Adventure SpA and its competitors. For the Software industry, the median Gross Margin % is 40.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adventure SpA's current Gross Margin % is 78.64%, which is near median its own 10-year median of 85.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adventure SpA stock overvalued right now?
Adventure SpA (MIL:ADV) has a current Gross Margin % of 78.64%. The current Gross Margin % is 78.64%, which is near median its 10-year median of 85.56 and 94.4% above the Software industry median of 40.45. Adventure SpA's overall GF Score™ is 15/100 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 Adventure SpA (MIL:ADV), the current Gross Margin % is 78.64% 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.
Adventure SpA operates as an online rate comparison platform. The company is engaged in providing carious services that includes lead generation solutions, Advertising solutions, Web development solutions, operational efficiency improvement, and others. The core business of the company is through the portal ameconviene.it a website dedicated to providing consumers with in-depth and up-to-date services and information on tracking the value for its finances, with a focus on home savings, investments, and smart financial choices.
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