MIL:IMD's Gross Margin % is ranked worse than 67.99% of 806
companies
in the Medical Devices & Instruments industry
Industry Median: 51.985
vs MIL:IMD: 40.10
IMD International Medical Devices SpA had a gross margin of 38.23% for the quarter that ended in Dec. 2025 => Competition eroding margins
IMD International Medical Devices SpA (MIL:IMD) 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
IMD International Medical Devices SpA had a gross margin of 38.23% for the quarter that ended in Dec. 2025 => Competition eroding margins
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.
IMD International Medical Devices SpA Gross Margin % Related Terms
IMD International Medical Devices SpA Gross Margin % Historical Data
* 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.
IMD International Medical Devices SpA Gross Margin % Chart
IMD International Medical Devices SpA Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Gross Margin %
38.79
41.43
41.69
39.21
40.10
IMD International Medical Devices SpA Semi-Annual Data
MIL:IMD vs ABT, SYK, MDT: Gross Margin % Comparison
For the Medical Devices subindustry, IMD International Medical Devices 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.
IMD International Medical Devices SpA Gross Margin % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, IMD International Medical Devices SpA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where IMD International Medical Devices 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.
IMD International Medical Devices SpA (MIL:IMD) has a Gross Margin % of 38.23% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on IMD International Medical Devices SpA and its competitors. This is near median its historical median of 40.10. Over the past decade, IMD International Medical Devices SpA's Gross Margin % has ranged from 38.79 to 41.69. According to the industry distribution chart, IMD International Medical Devices SpA ranks #548 out of 806 companies in the Medical Devices & Instruments industry, placing it in the top 68%.
Is IMD International Medical Devices SpA's Gross Margin % too high?
IMD International Medical Devices SpA's current Gross Margin % of 38.23% is near median its 10-year median of 40.10. Over the past 10 years, this metric has ranged from a low of 38.79 to a high of 41.69. The Medical Devices & Instruments industry median Gross Margin % is 51.99. IMD International Medical Devices SpA's value of 38.23% is 26.5% below this industry median. Based on the distribution chart, IMD International Medical Devices SpA ranks #548 out of 806 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, IMD International Medical Devices SpA has a GF Score™ of 44/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IMD International Medical Devices SpA's Gross Margin % compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, IMD International Medical Devices SpA ranks #548 out of 806 companies for Gross Margin %. This places IMD International Medical Devices SpA in the lower half of its industry. The industry median Gross Margin % is 51.99. IMD International Medical Devices SpA's value of 38.23% is 26.5% below this benchmark. Historically, IMD International Medical Devices SpA's own Gross Margin % has ranged from 38.79 to 41.69 over the past decade. While the company's 10-year median is 40.10 vs. the industry median of 51.99, IMD International Medical Devices SpA has consistently been below 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 51.99, based on 806 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. IMD International Medical Devices SpA's current Gross Margin % of 38.23% is 26.5% below 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 IMD International Medical Devices SpA and its competitors. For the Medical Devices & Instruments industry, the median Gross Margin % is 51.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IMD International Medical Devices SpA's current Gross Margin % is 38.23%, which is near median its own 10-year median of 40.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IMD International Medical Devices SpA stock overvalued right now?
Based on GuruFocus' analysis, IMD International Medical Devices SpA (MIL:IMD) is currently considered Fairly Valued. The stock's GF Value™ is €1.35, compared to a current price of €1.28 — trading 5.2% below its estimated fair value. The current Gross Margin % is 38.23%, which is near median its 10-year median of 40.10 and 26.5% below the Medical Devices & Instruments industry median of 51.99. IMD International Medical Devices SpA's overall GF Score™ is 44/100 with 3 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 IMD International Medical Devices SpA (MIL:IMD), the current Gross Margin % is 38.23% 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 IMD International Medical Devices SpA (MIL:IMD) Overvalued in 2026?
Based on GuruFocus' analysis, IMD International Medical Devices SpA stock appears to be undervalued.
The current stock price of €1.28 is trading 5.2% below its estimated GF Value™ of €1.35.
GuruFocus considers IMD International Medical Devices SpA to be Fairly Valued.
Key valuation signals for MIL:IMD:
Gross Margin %: 38.23% (near median its 10-year median of 40.10)
GF Value™: €1.35 vs. price of €1.28 (5.2% below fair value)
Industry Position: 26.5% below the Medical Devices & Instruments median (#548 of 806)
No single metric tells the full story. See the MIL:IMD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IMD International Medical Devices SpA Business Description
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:IMD has been successfully added to your 