Impianti SpAMIL:MPT +2.74%49 Gross Margin % is 34.78% as of Dec. 2025, which is 4% above its 10-year median of 33.56. GuruFocus rates MIL:MPT with a GF Score™ of 49/100 and a GF Value™ of €0.75 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,685 Software companies, Impianti SpA ranks worse than 58.18% on this metric.
Impianti SpA gross margin has been in long-term decline. The average rate of decline per year is -2.5%.
The historical rank and industry rank for Impianti SpA's Gross Margin % or its related term are showing as below:
MIL:MPT'
s Gross Margin % Range Over the Past 10 Years
Min: 26.84 Med: 33.56 Max: 38.56
Current: 34.03
During the past 6 years, the highestGross Margin % of Impianti SpA was 38.56%. The lowest was 26.84%. And the median was 33.56%.
MIL:MPT's Gross Margin % is ranked worse than 58.18% of 2685
companies
in the Software industry
Industry Median: 40.45
vs MIL:MPT: 34.03
Impianti SpA had a gross margin of 34.78% for the quarter that ended in Dec. 2025 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Impianti SpA was -2.50% per year.
Impianti SpA (MIL:MPT) 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
Impianti SpA had a gross margin of 34.78% 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.
Impianti SpA Gross Margin % Related Terms
Impianti SpA Gross Margin % Historical Data
* Premium members only.
The historical data trend for Impianti 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:MPT vs IBM, ACN, FISV: Gross Margin % Comparison
For the Information Technology Services subindustry, Impianti 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.
Impianti SpA Gross Margin % vs Software Industry
For the Software industry and Technology sector, Impianti SpA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Impianti 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.
Impianti SpA (MIL:MPT) has a Gross Margin % of 34.78% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Impianti SpA and its competitors. This is near median its historical median of 33.56. Over the past decade, Impianti SpA's Gross Margin % has ranged from 26.84 to 38.56. According to the industry distribution chart, Impianti SpA ranks #1562 out of 2685 companies in the Software industry, placing it in the top 58.2%.
Is Impianti SpA's Gross Margin % too high?
Impianti SpA's current Gross Margin % of 34.78% is near median its 10-year median of 33.56. Over the past 10 years, this metric has ranged from a low of 26.84 to a high of 38.56. The Software industry median Gross Margin % is 40.45. Impianti SpA's value of 34.78% is 14% below this industry median. Based on the distribution chart, Impianti SpA ranks #1562 out of 2685 companies in the Software industry, which is below the industry midpoint. Overall, Impianti SpA has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Impianti SpA's Gross Margin % compare to IBM and ACN?
According to the Software industry distribution chart, Impianti SpA ranks #1562 out of 2685 companies for Gross Margin %. This places Impianti SpA in the lower half of its industry. The industry median Gross Margin % is 40.45. Impianti SpA's value of 34.78% is 14% below this benchmark. Historically, Impianti SpA's own Gross Margin % has ranged from 26.84 to 38.56 over the past decade. While the company's 10-year median is 33.56 vs. the industry median of 40.45, Impianti 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 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. Impianti SpA's current Gross Margin % of 34.78% is 14% 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 Impianti 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. Impianti SpA's current Gross Margin % is 34.78%, which is near median its own 10-year median of 33.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Impianti SpA stock overvalued right now?
Based on GuruFocus' analysis, Impianti SpA (MIL:MPT) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.75, compared to a current price of €0.98 — trading 30.1% above its estimated fair value. The current Gross Margin % is 34.78%, which is near median its 10-year median of 33.56 and 14% below the Software industry median of 40.45. Impianti SpA's overall GF Score™ is 49/100 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 Impianti SpA (MIL:MPT), the current Gross Margin % is 34.78% 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 Impianti SpA (MIL:MPT) Overvalued in 2026?
Based on GuruFocus' analysis, Impianti SpA stock appears to be overvalued.
The current stock price of €0.98 is trading 30.1% above its estimated GF Value™ of €0.75.
GuruFocus considers Impianti SpA to be Modestly Overvalued.
Key valuation signals for MIL:MPT:
Gross Margin %: 34.78% (near median its 10-year median of 33.56)
GF Value™: €0.75 vs. price of €0.98 (30.1% above fair value)
Industry Position: 14% below the Software median (#1562 of 2685)
No single metric tells the full story. See the MIL:MPT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Impianti SpA operates as an infrastructural System Integrator. It provides information, communication technology, audio, and video system integrating services. Its portfolio of solutions and services is in the fields of ICT/AV, UCC, SD-Wan & Mobile Data Solutions, Mobile & Rugged Devices, Cyber Security, IoT, Data Centers, and Cabling Systems, as well as in the ecosystem areas in relation to the three video communication brands, such as Microsoft Teams, Zoom, and Google Meet.
49GF Score
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