Italgas SpA (MIL:IG) Gross Margin %: 0.00% (As of Mar. 2026)


MIL:IG Italgas SpA MIL:IG
76 GF Score
Price €10.33
GF Value €8.19
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Italgas SpA Gross Margin %?

Italgas SpA MIL:IG -0.05% 76 Gross Margin % is 0.00% as of Mar. 2026. GuruFocus rates MIL:IG with a GF Score™ of 76/100 and a GF Value™ of €8.19 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 489 Utilities - Regulated companies, Italgas SpA ranks better than 97.55% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Italgas SpA's Gross Profit for the three months ended in Mar. 2026 was €626 Mil. Italgas SpA's Revenue for the three months ended in Mar. 2026 was €626 Mil. Therefore, Italgas SpA's Gross Margin % for the quarter that ended in Mar. 2026 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.


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

MIL:IG' s Gross Margin % Range Over the Past 10 Years
Min: 68.26   Med: 75.45   Max: 94.3
Current: 94.3


During the past 10 years, the highest Gross Margin % of Italgas SpA was 94.30%. The lowest was 68.26%. And the median was 75.45%.

MIL:IG's Gross Margin % is ranked better than
97.55% of 489 companies
in the Utilities - Regulated industry
Industry Median: 30.88 vs MIL:IG: 94.30

Italgas SpA had a gross margin of N/A% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Italgas SpA was 1.30% per year.


Italgas SpA  (MIL:IG) 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

Italgas SpA had a gross margin of N/A% for the quarter that ended in Mar. 2026 => No sustainable 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.


Italgas SpA Gross Margin % Related Terms


Italgas SpA Gross Margin % Historical Data

* Premium members only.

The historical data trend for Italgas 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.

Italgas SpA Gross Margin % Chart

Italgas SpA 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 70.00 69.56 68.26 76.54 77.52

Italgas SpA Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 83.85 75.80 0.00 0.00 0.00

MIL:IG vs ATO, NI, UGI: Gross Margin % Comparison

For the Utilities - Regulated Gas subindustry, Italgas 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.


Italgas SpA Gross Margin % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Italgas SpA's Gross Margin % falls into.


MIL:IG
76GF Score
Italgas SpA MIL:IG
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Italgas SpA Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Italgas SpA'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 )
=2719.6 / 3508.303
=(Revenue - Cost of Goods Sold) / Revenue
=(3508.303 - 788.71) / 3508.303
=77.52 %

Italgas SpA's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=625.9 / 625.9
=(Revenue - Cost of Goods Sold) / Revenue
=(625.9 - 0) / 625.9
=N/A %

* 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 0.00% mean?
Italgas SpA (MIL:IG) has a Gross Margin % of 0.00% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Italgas SpA and its competitors. Over the past decade, Italgas SpA's Gross Margin % has ranged from 68.26 to 94.30. According to the industry distribution chart, Italgas SpA ranks #12 out of 489 companies in the Utilities - Regulated industry, placing it in the top 2.5%.
Is Italgas SpA's Gross Margin % too high?
Italgas SpA's current Gross Margin % is 0.00%. Over the past 10 years, this metric has ranged from a low of 68.26 to a high of 94.30. Based on the distribution chart, Italgas SpA ranks #12 out of 489 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Italgas SpA has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Italgas SpA's Gross Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Italgas SpA ranks #12 out of 489 companies for Gross Margin %. This places Italgas SpA in the top 3% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 30.88. Historically, Italgas SpA's own Gross Margin % has ranged from 68.26 to 94.30 over the past decade. 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. 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 Italgas 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. Italgas SpA's current Gross Margin % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Italgas SpA stock overvalued right now?
Based on GuruFocus' analysis, Italgas SpA (MIL:IG) is currently considered Modestly Overvalued. The stock's GF Value™ is €8.19, compared to a current price of €10.33 — trading 26.1% above its estimated fair value. The current Gross Margin % is 0.00%. Italgas SpA's overall GF Score™ is 76/100 with 9 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 Italgas SpA (MIL:IG), the current Gross Margin % is 0.00% 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 Italgas SpA (MIL:IG) Overvalued in 2026?

Based on GuruFocus' analysis, Italgas SpA stock appears to be overvalued. The current stock price of €10.33 is trading 26.1% above its estimated GF Value™ of €8.19. GuruFocus considers Italgas SpA to be Modestly Overvalued.

Key valuation signals for MIL:IG:

  • Gross Margin %: 0.00%
  • GF Value™: €8.19 vs. price of €10.33 (26.1% above fair value)
  • GF Score™: 76/100 with 9 warning signs

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


Italgas SpA Business Description

Address Via Carlo Bo 11, Milano, ITA, 20143
Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of its revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.
76GF Score

Get the complete analysis for MIL:IG

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

€10.33
Price
€8.19
GF Value