Esi SpAMIL:ESIGM +0.43%77 Gross Margin % is 45.07% as of Dec. 2025, which is 39% below its 10-year median of 73.62. GuruFocus rates MIL:ESIGM with a GF Score™ of 77/100 and a GF Value™ of €2.25 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,718 Construction companies, Esi SpA ranks better than 93.42% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Esi SpA's Gross Profit for the
six
months ended in Dec. 2025 was €6.02 Mil. Esi SpA's Revenue for the
six
months ended in Dec. 2025 was €13.35 Mil. Therefore, Esi SpA's Gross Margin % for the quarter that ended in Dec. 2025 was 45.07%.
Warning Sign:
Esi SpA gross margin has been in long-term decline. The average rate of decline per year is -18.2%.
The historical rank and industry rank for Esi SpA's Gross Margin % or its related term are showing as below:
MIL:ESIGM'
s Gross Margin % Range Over the Past 10 Years
Min: 22.95 Med: 73.62 Max: 301.92
Current: 62.74
During the past 7 years, the highestGross Margin % of Esi SpA was 301.92%. The lowest was 22.95%. And the median was 73.62%.
MIL:ESIGM's Gross Margin % is ranked better than 93.42% of 1718
companies
in the Construction industry
Industry Median: 20.72
vs MIL:ESIGM: 62.74
Esi SpA had a gross margin of 45.07% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Esi SpA was -18.20% per year.
Esi SpA (MIL:ESIGM) 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
Esi SpA had a gross margin of 45.07% 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.
Esi SpA Gross Margin % Related Terms
Esi SpA Gross Margin % Historical Data
* Premium members only.
The historical data trend for Esi 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:ESIGM vs PWR, FIX, EME: Gross Margin % Comparison
For the Engineering & Construction subindustry, Esi 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.
Esi SpA Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, Esi SpA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Esi 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.
Esi SpA (MIL:ESIGM) has a Gross Margin % of 45.07% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Esi SpA and its competitors. This is 39% below median its historical median of 73.62. Over the past decade, Esi SpA's Gross Margin % has ranged from 22.95 to 301.92. According to the industry distribution chart, Esi SpA ranks #113 out of 1718 companies in the Construction industry, placing it in the top 6.6%.
Is Esi SpA's Gross Margin % too high?
Esi SpA's current Gross Margin % of 45.07% is 39% below median its 10-year median of 73.62. Over the past 10 years, this metric has ranged from a low of 22.95 to a high of 301.92. The Construction industry median Gross Margin % is 20.72. Esi SpA's value of 45.07% is 117.5% above this industry median. Based on the distribution chart, Esi SpA ranks #113 out of 1718 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Esi SpA has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Esi SpA's Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Esi SpA ranks #113 out of 1718 companies for Gross Margin %. This places Esi SpA in the top 7% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.72. Esi SpA's value of 45.07% is 117.5% above this benchmark. Historically, Esi SpA's own Gross Margin % has ranged from 22.95 to 301.92 over the past decade. While the company's 10-year median is 73.62 vs. the industry median of 20.72, Esi 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 Construction company?
The median Gross Margin % among Construction companies is 20.72, based on 1,718 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. Esi SpA's current Gross Margin % of 45.07% is 117.5% 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 Esi SpA and its competitors. For the Construction industry, the median Gross Margin % is 20.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Esi SpA's current Gross Margin % is 45.07%, which is 39% below median its own 10-year median of 73.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Esi SpA stock overvalued right now?
Based on GuruFocus' analysis, Esi SpA (MIL:ESIGM) is currently considered Possible Value Trap. The stock's GF Value™ is €2.25, compared to a current price of €1.16 — trading 48.7% below its estimated fair value. The current Gross Margin % is 45.07%, which is 39% below median its 10-year median of 73.62 and 117.5% above the Construction industry median of 20.72. Esi SpA's overall GF Score™ is 77/100 with 5 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 Esi SpA (MIL:ESIGM), the current Gross Margin % is 45.07% 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 Esi SpA (MIL:ESIGM) Overvalued in 2026?
Based on GuruFocus' analysis, Esi SpA stock appears to be undervalued.
The current stock price of €1.16 is trading 48.7% below its estimated GF Value™ of €2.25.
GuruFocus considers Esi SpA to be Possible Value Trap.
Key valuation signals for MIL:ESIGM:
Gross Margin %: 45.07% (39% below median its 10-year median of 73.62)
GF Value™: €2.25 vs. price of €1.16 (48.7% below fair value)
Industry Position: 117.5% above the Construction median (#113 of 1718)
No single metric tells the full story. See the MIL:ESIGM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Esi SpA operates in the renewable energy market as an EPC contractor and a System Integrator. The company covers all phases within the renewable energy value chain, from project development to engineering and construction. As an EPC contractor, it is involved in designing and constructing turnkey photovoltaic systems, civil works, excavations, roads, wind farm foundations, and high-voltage underground cable ducts. It also builds control cabins and foundations for high-voltage plants, provides maintenance of photovoltaic power plants, and performs other related activities. As a System Integrator, the company constructs mini-grid and off-grid systems for electricity supply in remote areas and designs storage systems for electrical energy production.
77GF Score
Get the complete analysis for MIL:ESIGM
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:ESIGM has been successfully added to your 
