Sanford (NZSE:SAN) Gross Margin %: 33.74% (As of Mar. 2026) — 63% Above Median


NZSE:SAN Sanford Ltd NZSE:SAN
75 GF Score
Price NZ$7.05
GF Value NZ$4.35
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Sanford Gross Margin %?

Sanford NZSE:SAN -0.70% 75 Gross Margin % is 33.74% as of Mar. 2026, which is 63% above its 10-year median of 20.68. GuruFocus rates NZSE:SAN with a GF Score™ of 75/100 and a GF Value™ of NZ$4.35 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,900 Consumer Packaged Goods companies, Sanford ranks better than 56.63% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Sanford's Gross Profit for the six months ended in Mar. 2026 was NZ$91.2 Mil. Sanford's Revenue for the six months ended in Mar. 2026 was NZ$270.2 Mil. Therefore, Sanford's Gross Margin % for the quarter that ended in Mar. 2026 was 33.74%.


The historical rank and industry rank for Sanford's Gross Margin % or its related term are showing as below:

NZSE:SAN' s Gross Margin % Range Over the Past 10 Years
Min: 14.05   Med: 20.68   Max: 29.1
Current: 29.1


During the past 13 years, the highest Gross Margin % of Sanford was 29.10%. The lowest was 14.05%. And the median was 20.68%.

NZSE:SAN's Gross Margin % is ranked better than
56.63% of 1900 companies
in the Consumer Packaged Goods industry
Industry Median: 26.37 vs NZSE:SAN: 29.10

Sanford had a gross margin of 33.74% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Sanford was 10.30% per year.


Sanford  (NZSE:SAN) 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

Sanford had a gross margin of 33.74% for the quarter that ended in Mar. 2026 => 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.


Sanford Gross Margin % Related Terms


Sanford Gross Margin % Historical Data

* Premium members only.

The historical data trend for Sanford'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.

Sanford Gross Margin % Chart

Sanford Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.05 18.21 19.63 21.65 26.50

Sanford Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.87 18.75 28.16 24.90 33.74

NZSE:SAN vs ADM, BG, TSN: Gross Margin % Comparison

For the Farm Products subindustry, Sanford'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.


Sanford Gross Margin % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sanford's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Sanford's Gross Margin % falls into.


NZSE:SAN
75GF Score
Sanford Ltd NZSE:SAN
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sanford Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Sanford's Gross Margin for the fiscal year that ended in Sep. 2025 is calculated as

Gross Margin % (A: Sep. 2025 )=Gross Profit (A: Sep. 2025 ) / Revenue (A: Sep. 2025 )
=154.8 / 584.109
=(Revenue - Cost of Goods Sold) / Revenue
=(584.109 - 429.343) / 584.109
=26.50 %

Sanford's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=91.2 / 270.154
=(Revenue - Cost of Goods Sold) / Revenue
=(270.154 - 178.999) / 270.154
=33.74 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 33.74% mean?
Sanford (NZSE:SAN) has a Gross Margin % of 33.74% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Sanford and its competitors. This is 63% above median its historical median of 20.68. Over the past decade, Sanford's Gross Margin % has ranged from 14.05 to 29.10. According to the industry distribution chart, Sanford ranks #824 out of 1900 companies in the Consumer Packaged Goods industry, placing it in the top 43.4%.
Is Sanford's Gross Margin % too high?
Sanford's current Gross Margin % of 33.74% is 63% above median its 10-year median of 20.68. Over the past 10 years, this metric has ranged from a low of 14.05 to a high of 29.10. The Consumer Packaged Goods industry median Gross Margin % is 26.37. Sanford's value of 33.74% is 27.9% above this industry median. Based on the distribution chart, Sanford ranks #824 out of 1900 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Sanford has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sanford's Gross Margin % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Sanford ranks #824 out of 1900 companies for Gross Margin %. This puts Sanford in the upper half of its industry. The industry median Gross Margin % is 26.37. Sanford's value of 33.74% is 27.9% above this benchmark. Historically, Sanford's own Gross Margin % has ranged from 14.05 to 29.10 over the past decade. While the company's 10-year median is 20.68 vs. the industry median of 26.37, Sanford 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 Consumer Packaged Goods company?
The median Gross Margin % among Consumer Packaged Goods companies is 26.37, based on 1,900 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. Sanford's current Gross Margin % of 33.74% is 27.9% 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 Sanford and its competitors. For the Consumer Packaged Goods industry, the median Gross Margin % is 26.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanford's current Gross Margin % is 33.74%, which is 63% above median its own 10-year median of 20.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanford stock overvalued right now?
Based on GuruFocus' analysis, Sanford (NZSE:SAN) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$4.35, compared to a current price of NZ$7.05 — trading 62.1% above its estimated fair value. The current Gross Margin % is 33.74%, which is 63% above median its 10-year median of 20.68 and 27.9% above the Consumer Packaged Goods industry median of 26.37. Sanford's overall GF Score™ is 75/100 with 2 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 Sanford (NZSE:SAN), the current Gross Margin % is 33.74% 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 Sanford (NZSE:SAN) Overvalued in 2026?

Based on GuruFocus' analysis, Sanford stock appears to be overvalued. The current stock price of NZ$7.05 is trading 62.1% above its estimated GF Value™ of NZ$4.35. GuruFocus considers Sanford to be Significantly Overvalued.

Key valuation signals for NZSE:SAN:

  • Gross Margin %: 33.74% (63% above median its 10-year median of 20.68)
  • GF Value™: NZ$4.35 vs. price of NZ$7.05 (62.1% above fair value)
  • GF Score™: 75/100 with 2 warning signs
  • Industry Position: 27.9% above the Consumer Packaged Goods median (#824 of 1900)

No single metric tells the full story. See the NZSE:SAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanford Business Description

Other Exchanges SARDY:USA
Address 22 Jellicoe Street, Freemans Bay, Auckland, NTL, NZL, 1010
Sanford Ltd is a seafood company principally engaged in the fishing and aquaculture farming business. The company's activities include farming, harvesting, processing, storage, and marketing of seafood products, as well as investments in related activities. The group's operating divisions are Wildcatch and Aquaculture. Its Wildcatch segment involves catching and processing inshore and deepwater fish species, whereas the Aquaculture segment involves farming, harvesting, and processing of mussels and salmon. Some of the company's seafood products include Antarctic toothfish, Arrow squid, Gemfish, Scampi, Snapper, King Salmon, Jack mackerel, Ling, and others. Geographically, it derives the majority of its revenue from New Zealand.
75GF Score

Get the complete analysis for NZSE:SAN

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NZ$7.05
Price
NZ$4.35
GF Value