Neste OYJNTOIF 74 Gross Margin % is 19.39% as of Mar. 2026, which is 39% above its 10-year median of 13.92. GuruFocus rates NTOIF with a GF Score™ of 74/100 and a GF Value™ of $21.00 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 867 Oil & Gas companies, Neste OYJ ranks worse than 72.78% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Neste OYJ's Gross Profit for the
three
months ended in Mar. 2026 was $1,157 Mil. Neste OYJ's Revenue for the
three
months ended in Mar. 2026 was $5,969 Mil. Therefore, Neste OYJ's Gross Margin % for the quarter that ended in Mar. 2026 was 19.39%.
Warning Sign:
Neste OYJ gross margin has been in long-term decline. The average rate of decline per year is -15.9%.
The historical rank and industry rank for Neste OYJ's Gross Margin % or its related term are showing as below:
NTOIF'
s Gross Margin % Range Over the Past 10 Years
Min: 6.14 Med: 13.92 Max: 19.57
Current: 12.6
During the past 13 years, the highestGross Margin % of Neste OYJ was 19.57%. The lowest was 6.14%. And the median was 13.92%.
NTOIF's Gross Margin % is ranked worse than 72.78% of 867
companies
in the Oil & Gas industry
Industry Median: 25.7
vs NTOIF: 12.60
Neste OYJ had a gross margin of 19.39% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Neste OYJ was -15.90% per year.
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
Neste OYJ had a gross margin of 19.39% 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.
Neste OYJ Gross Margin % Related Terms
Neste OYJ Gross Margin % Historical Data
* Premium members only.
The historical data trend for Neste OYJ'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 Refining & Marketing subindustry, Neste OYJ'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.
Neste OYJ Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Neste OYJ's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Neste OYJ'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.
Neste OYJ (NTOIF) has a Gross Margin % of 19.39% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Neste OYJ and its competitors. This is 39% above median its historical median of 13.92. Over the past decade, Neste OYJ's Gross Margin % has ranged from 6.14 to 19.57. According to the industry distribution chart, Neste OYJ ranks #631 out of 867 companies in the Oil & Gas industry, placing it in the top 72.8%.
Is Neste OYJ's Gross Margin % too high?
Neste OYJ's current Gross Margin % of 19.39% is 39% above median its 10-year median of 13.92. Over the past 10 years, this metric has ranged from a low of 6.14 to a high of 19.57. The Oil & Gas industry median Gross Margin % is 25.70. Neste OYJ's value of 19.39% is 24.6% below this industry median. Based on the distribution chart, Neste OYJ ranks #631 out of 867 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Neste OYJ has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neste OYJ's Gross Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Neste OYJ ranks #631 out of 867 companies for Gross Margin %. This places Neste OYJ in the lower half of its industry. The industry median Gross Margin % is 25.70. Neste OYJ's value of 19.39% is 24.6% below this benchmark. Historically, Neste OYJ's own Gross Margin % has ranged from 6.14 to 19.57 over the past decade. While the company's 10-year median is 13.92 vs. the industry median of 25.70, Neste OYJ 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 25.70, based on 867 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. Neste OYJ's current Gross Margin % of 19.39% is 24.6% 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 Neste OYJ and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neste OYJ's current Gross Margin % is 19.39%, which is 39% above median its own 10-year median of 13.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neste OYJ stock overvalued right now?
Based on GuruFocus' analysis, Neste OYJ (NTOIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.00, compared to a current price of $30.85 — trading 46.9% above its estimated fair value. The current Gross Margin % is 19.39%, which is 39% above median its 10-year median of 13.92 and 24.6% below the Oil & Gas industry median of 25.70. Neste OYJ's overall GF Score™ is 74/100 with 6 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 Neste OYJ (NTOIF), the current Gross Margin % is 19.39% 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 Neste OYJ (NTOIF) Overvalued in 2026?
Based on GuruFocus' analysis, Neste OYJ stock appears to be overvalued.
The current stock price of $30.85 is trading 46.9% above its estimated GF Value™ of $21.00.
GuruFocus considers Neste OYJ to be Significantly Overvalued.
Key valuation signals for NTOIF:
Gross Margin %: 19.39% (39% above median its 10-year median of 13.92)
GF Value™: $21.00 vs. price of $30.85 (46.9% above fair value)
Industry Position: 24.6% below the Oil & Gas median (#631 of 867)
No single metric tells the full story. See the NTOIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neste OYJ is a producer of renewable diesel and sustainable aviation fuel (SAF), with production on three continents. The group also produces oil products and has a network of several fuel stations with expanding service offerings, such as EV charging, in Finland and in the Baltics. Neste has three reporting segments: Renewable Products, Oil Products, and Marketing and Services. Maximum revenue is generated from its Oil Products segment, which offers oil products and related services for the road transportation, heavy machinery, agriculture, aviation, and marine sectors, as well as products for the oil and petrochemical industries. Geographically, the group generates maximum revenue from other European countries (excluding Finland), followed by Finland, the USA, and other markets.
74GF Score
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