McEwenMUX +1.41%66 Gross Margin % is 42.53% as of Mar. 2026, which is 199% above its 10-year median of 14.22. GuruFocus rates MUX with a GF Score™ of 66/100 and a GF Value™ of $11.06 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 730 Metals & Mining companies, McEwen ranks better than 53.42% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. McEwen's Gross Profit for the
three
months ended in Mar. 2026 was $31.5 Mil. McEwen's Revenue for the
three
months ended in Mar. 2026 was $74.0 Mil. Therefore, McEwen's Gross Margin % for the quarter that ended in Mar. 2026 was 42.53%.
The historical rank and industry rank for McEwen's Gross Margin % or its related term are showing as below:
MUX'
s Gross Margin % Range Over the Past 10 Years
Min: -25.72 Med: 14.22 Max: 41.16
Current: 29.24
During the past 13 years, the highestGross Margin % of McEwen was 41.16%. The lowest was -25.72%. And the median was 14.22%.
MUX's Gross Margin % is ranked better than 53.42% of 730
companies
in the Metals & Mining industry
Industry Median: 26.175
vs MUX: 29.24
McEwen had a gross margin of 42.53% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for McEwen was 0.00% per year.
McEwen (NYSE:MUX) 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
McEwen had a gross margin of 42.53% for the quarter that ended in Mar. 2026 => 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.
McEwen Gross Margin % Related Terms
McEwen Gross Margin % Historical Data
* Premium members only.
The historical data trend for McEwen'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.
MUX vs LODE, GORO, THMG: Gross Margin % Comparison
For the Other Precious Metals & Mining subindustry, McEwen'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.
McEwen Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, McEwen's Gross Margin % distribution charts can be found below:
* The bar in red indicates where McEwen'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.
McEwen (MUX) has a Gross Margin % of 42.53% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on McEwen and its competitors. This is 199% above median its historical median of 14.22. According to the industry distribution chart, McEwen ranks #340 out of 730 companies in the Metals & Mining industry, placing it in the top 46.6%.
Is McEwen's Gross Margin % too high?
McEwen's current Gross Margin % of 42.53% is 199% above median its 10-year median of 14.22. The Metals & Mining industry median Gross Margin % is 26.18. McEwen's value of 42.53% is 62.5% above this industry median. Based on the distribution chart, McEwen ranks #340 out of 730 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, McEwen has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does McEwen's Gross Margin % compare to LODE and GORO?
According to the Metals & Mining industry distribution chart, McEwen ranks #340 out of 730 companies for Gross Margin %. This puts McEwen in the upper half of its industry. The industry median Gross Margin % is 26.18. McEwen's value of 42.53% is 62.5% above this benchmark. While the company's 10-year median is 14.22 vs. the industry median of 26.18, McEwen 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 Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.18, based on 730 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. McEwen's current Gross Margin % of 42.53% is 62.5% 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 McEwen and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McEwen's current Gross Margin % is 42.53%, which is 199% above median its own 10-year median of 14.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McEwen stock overvalued right now?
Based on GuruFocus' analysis, McEwen (MUX) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.06, compared to a current price of $17.28 — trading 56.2% above its estimated fair value. The current Gross Margin % is 42.53%, which is 199% above median its 10-year median of 14.22 and 62.5% above the Metals & Mining industry median of 26.18. McEwen's overall GF Score™ is 66/100 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 McEwen (MUX), the current Gross Margin % is 42.53% 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 McEwen (MUX) Overvalued in 2026?
Based on GuruFocus' analysis, McEwen stock appears to be overvalued.
The current stock price of $17.28 is trading 56.2% above its estimated GF Value™ of $11.06.
GuruFocus considers McEwen to be Significantly Overvalued.
Key valuation signals for MUX:
Gross Margin %: 42.53% (199% above median its 10-year median of 14.22)
GF Value™: $11.06 vs. price of $17.28 (56.2% above fair value)
Industry Position: 62.5% above the Metals & Mining median (#340 of 730)
No single metric tells the full story. See the MUX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
McEwen Inc is a mining and minerals production and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company generates its revenue from gold and silver production. It owns and operates the wholly-owned El Gallo 1 mine in Mexico and holds a minority stake in the company that manages the San Jose mine in Argentina. Its Other operations include: Fox Complex, Gold Bar Complex, Project Fenix, and Los Azules. The company generates its revenue from gold and silver production. Its operating segments include Canada, United States, Mexico, MSC and McEwen Copper, of which it derives maximum revenue from USA.
66GF Score
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