Mermaid Maritime PCLMMMPF +2.56%47 Gross Margin % is 2.64% as of Mar. 2026, which is 61% below its 10-year median of 6.69. GuruFocus rates MMMPF with a GF Score™ of 47/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 869 Oil & Gas companies, Mermaid Maritime PCL ranks worse than 83.89% 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
Mermaid Maritime PCL had a gross margin of 2.64% 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.
Mermaid Maritime PCL Gross Margin % Related Terms
Mermaid Maritime PCL Gross Margin % Historical Data
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The historical data trend for Mermaid Maritime PCL'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.
For the Oil & Gas Equipment & Services subindustry, Mermaid Maritime PCL'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.
Mermaid Maritime PCL Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mermaid Maritime PCL's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mermaid Maritime PCL'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.
Mermaid Maritime PCL (MMMPF) has a Gross Margin % of 2.64% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Mermaid Maritime PCL and its competitors. This is 61% below median its historical median of 6.69. According to the industry distribution chart, Mermaid Maritime PCL ranks #729 out of 869 companies in the Oil & Gas industry, placing it in the top 83.9%.
Is Mermaid Maritime PCL's Gross Margin % too high?
Mermaid Maritime PCL's current Gross Margin % of 2.64% is 61% below median its 10-year median of 6.69. The Oil & Gas industry median Gross Margin % is 25.78. Mermaid Maritime PCL's value of 2.64% is 89.8% below this industry median. Based on the distribution chart, Mermaid Maritime PCL ranks #729 out of 869 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Mermaid Maritime PCL has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mermaid Maritime PCL's Gross Margin % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Mermaid Maritime PCL ranks #729 out of 869 companies for Gross Margin %. This places Mermaid Maritime PCL in the lower half of its industry. The industry median Gross Margin % is 25.78. Mermaid Maritime PCL's value of 2.64% is 89.8% below this benchmark. While the company's 10-year median is 6.69 vs. the industry median of 25.78, Mermaid Maritime PCL 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 an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.78, based on 869 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. Mermaid Maritime PCL's current Gross Margin % of 2.64% is 89.8% 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 Mermaid Maritime PCL and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mermaid Maritime PCL's current Gross Margin % is 2.64%, which is 61% below median its own 10-year median of 6.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mermaid Maritime PCL stock overvalued right now?
Based on GuruFocus' analysis, Mermaid Maritime PCL (MMMPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.08 — trading 33.3% above its estimated fair value. The current Gross Margin % is 2.64%, which is 61% below median its 10-year median of 6.69 and 89.8% below the Oil & Gas industry median of 25.78. Mermaid Maritime PCL's overall GF Score™ is 47/100 with 7 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 Mermaid Maritime PCL (MMMPF), the current Gross Margin % is 2.64% 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 Mermaid Maritime PCL (MMMPF) Overvalued in 2026?
Based on GuruFocus' analysis, Mermaid Maritime PCL stock appears to be overvalued.
The current stock price of $0.08 is trading 33.3% above its estimated GF Value™ of $0.06.
GuruFocus considers Mermaid Maritime PCL to be Significantly Overvalued.
Key valuation signals for MMMPF:
Gross Margin %: 2.64% (61% below median its 10-year median of 6.69)
GF Value™: $0.06 vs. price of $0.08 (33.3% above fair value)
Industry Position: 89.8% below the Oil & Gas median (#729 of 869)
No single metric tells the full story. See the MMMPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles, and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair, and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.
47GF Score
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