Ferrari NVRACE +1.13%94 Gross Margin % is 51.83% as of Mar. 2026, which is 1% above its 10-year median of 51.27. GuruFocus rates RACE with a GF Score™ of 94/100 and a GF Value™ of $493.30 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,313 Vehicles & Parts companies, Ferrari NV ranks better than 94.36% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Ferrari NV's Gross Profit for the
three
months ended in Mar. 2026 was $1,107 Mil. Ferrari NV's Revenue for the
three
months ended in Mar. 2026 was $2,137 Mil. Therefore, Ferrari NV's Gross Margin % for the quarter that ended in Mar. 2026 was 51.83%.
The historical rank and industry rank for Ferrari NV's Gross Margin % or its related term are showing as below:
RACE'
s Gross Margin % Range Over the Past 10 Years
Min: 48.01 Med: 51.27 Max: 52.55
Current: 51.61
During the past 13 years, the highestGross Margin % of Ferrari NV was 52.55%. The lowest was 48.01%. And the median was 51.27%.
RACE's Gross Margin % is ranked better than 94.36% of 1313
companies
in the Vehicles & Parts industry
Industry Median: 19.84
vs RACE: 51.61
Ferrari NV had a gross margin of 51.83% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Ferrari NV was 0.00% per year.
Ferrari NV (NYSE:RACE) 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
Ferrari NV had a gross margin of 51.83% 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.
Ferrari NV Gross Margin % Related Terms
Ferrari NV Gross Margin % Historical Data
* Premium members only.
The historical data trend for Ferrari NV'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 Auto Manufacturers subindustry, Ferrari NV'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.
Ferrari NV Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ferrari NV's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ferrari NV'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.
Ferrari NV (RACE) has a Gross Margin % of 51.83% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Ferrari NV and its competitors. This is near median its historical median of 51.27. Over the past decade, Ferrari NV's Gross Margin % has ranged from 48.01 to 52.55. According to the industry distribution chart, Ferrari NV ranks #74 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 5.6%.
Is Ferrari NV's Gross Margin % too high?
Ferrari NV's current Gross Margin % of 51.83% is near median its 10-year median of 51.27. Over the past 10 years, this metric has ranged from a low of 48.01 to a high of 52.55. The Vehicles & Parts industry median Gross Margin % is 19.84. Ferrari NV's value of 51.83% is 161.2% above this industry median. Based on the distribution chart, Ferrari NV ranks #74 out of 1313 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Ferrari NV has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ferrari NV's Gross Margin % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Ferrari NV ranks #74 out of 1313 companies for Gross Margin %. This places Ferrari NV in the top 6% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 19.84. Ferrari NV's value of 51.83% is 161.2% above this benchmark. Historically, Ferrari NV's own Gross Margin % has ranged from 48.01 to 52.55 over the past decade. While the company's 10-year median is 51.27 vs. the industry median of 19.84, Ferrari NV 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 Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.84, based on 1,313 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. Ferrari NV's current Gross Margin % of 51.83% is 161.2% 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 Ferrari NV and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferrari NV's current Gross Margin % is 51.83%, which is near median its own 10-year median of 51.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferrari NV stock overvalued right now?
Based on GuruFocus' analysis, Ferrari NV (RACE) is currently considered Modestly Undervalued. The stock's GF Value™ is $493.30, compared to a current price of $348.75 — trading 29.3% below its estimated fair value. The current Gross Margin % is 51.83%, which is near median its 10-year median of 51.27 and 161.2% above the Vehicles & Parts industry median of 19.84. Ferrari NV's overall GF Score™ is 94/100 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 Ferrari NV (RACE), the current Gross Margin % is 51.83% 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 Ferrari NV (RACE) Overvalued in 2026?
Based on GuruFocus' analysis, Ferrari NV stock appears to be undervalued.
The current stock price of $348.75 is trading 29.3% below its estimated GF Value™ of $493.30.
GuruFocus considers Ferrari NV to be Modestly Undervalued.
Key valuation signals for RACE:
Gross Margin %: 51.83% (near median its 10-year median of 51.27)
GF Value™: $493.30 vs. price of $348.75 (29.3% below fair value)
Industry Position: 161.2% above the Vehicles & Parts median (#74 of 1313)
No single metric tells the full story. See the RACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ferrari designs, engineers, and manufactures some of the world's most expensive luxury cars. With supply carefully controlled to be below demand and a brand steeped in decades of motor racing history, a Ferrari is viewed as a status symbol. In 2025, the company sold 13,640 vehicles at an average price over EUR 520,000 with more than 80% of its vehicles being sold to existing Ferrari clients. Eighty-four percent of revenue is generated from the sale of cars and spare parts and 10% from sponsorship, commercial, and brand activities including racing and lifestyle activities. In 2025, the Europe, Middle East, and Africa region accounted for 49% of revenue, the Americas was 32%, mainland China, Hong Kong, and Taiwan was 7%, and the rest of Asia was 12%.
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