Gross Margin % is calculated as gross profit divided by its revenue. Mainfreight's Gross Profit for the
six
months ended in Mar. 2026 was NZ$-251 Mil. Mainfreight's Revenue for the
six
months ended in Mar. 2026 was NZ$2,778 Mil. Therefore, Mainfreight's Gross Margin % for the quarter that ended in Mar. 2026 was -9.03%.
The historical rank and industry rank for Mainfreight's Gross Margin % or its related term are showing as below:
NZSE:MFT'
s Gross Margin % Range Over the Past 10 Years
Min: 35.67 Med: 39.45 Max: 44.4
Current: 43.74
During the past 13 years, the highestGross Margin % of Mainfreight was 44.40%. The lowest was 35.67%. And the median was 39.45%.
NZSE:MFT's Gross Margin % is ranked better than 83.93% of 977
companies
in the Transportation industry
Industry Median: 20.42
vs NZSE:MFT: 43.74
Mainfreight had a gross margin of -9.03% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Mainfreight was 3.30% per year.
Mainfreight (NZSE:MFT) 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
Mainfreight had a gross margin of -9.03% 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.
Mainfreight Gross Margin % Related Terms
Mainfreight Gross Margin % Historical Data
* Premium members only.
The historical data trend for Mainfreight'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.
NZSE:MFT vs UPS, FDX, JBHT: Gross Margin % Comparison
For the Integrated Freight & Logistics subindustry, Mainfreight'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.
Mainfreight Gross Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Mainfreight's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mainfreight'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.
Mainfreight (NZSE:MFT) has a Gross Margin % of -9.03% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Mainfreight and its competitors. Over the past decade, Mainfreight's Gross Margin % has ranged from 35.67 to 44.40. According to the industry distribution chart, Mainfreight ranks #157 out of 977 companies in the Transportation industry, placing it in the top 16.1%.
Is Mainfreight's Gross Margin % too high?
Mainfreight's current Gross Margin % is -9.03%. Over the past 10 years, this metric has ranged from a low of 35.67 to a high of 44.40. Based on the distribution chart, Mainfreight ranks #157 out of 977 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Mainfreight has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mainfreight's Gross Margin % compare to UPS and FDX?
According to the Transportation industry distribution chart, Mainfreight ranks #157 out of 977 companies for Gross Margin %. This places Mainfreight in the top 16% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 20.42. Historically, Mainfreight's own Gross Margin % has ranged from 35.67 to 44.40 over the past decade. 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 Transportation company?
The median Gross Margin % among Transportation companies is 20.42, based on 977 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. 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 Mainfreight and its competitors. For the Transportation industry, the median Gross Margin % is 20.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mainfreight's current Gross Margin % is -9.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mainfreight stock overvalued right now?
Based on GuruFocus' analysis, Mainfreight (NZSE:MFT) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$70.80, compared to a current price of NZ$62.05 — trading 12.4% below its estimated fair value. The current Gross Margin % is -9.03%. Mainfreight's overall GF Score™ is 96/100 with 5 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 Mainfreight (NZSE:MFT), the current Gross Margin % is -9.03% 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 Mainfreight (NZSE:MFT) Overvalued in 2026?
Based on GuruFocus' analysis, Mainfreight stock appears to be undervalued.
The current stock price of NZ$62.05 is trading 12.4% below its estimated GF Value™ of NZ$70.80.
GuruFocus considers Mainfreight to be Modestly Undervalued.
Key valuation signals for NZSE:MFT:
Gross Margin %: -9.03%
GF Value™: NZ$70.80 vs. price of NZ$62.05 (12.4% below fair value)
No single metric tells the full story. See the NZSE:MFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mainfreight Ltd is in the supply chain logistics business. It provides the full spectrum of warehousing, Transport, and international air and ocean freight services. Geographically, it operates businesses in New Zealand, Australia, Europe, The Americas, Asia, and others.
96GF Score
Get the complete analysis for NZSE:MFT
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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