ShellRYDAF -2.50%70 Gross Margin % is 19.28% as of Mar. 2026, which is 53% above its 10-year median of 12.63. GuruFocus rates RYDAF with a GF Score™ of 70/100 and a GF Value™ of $36.42 (Fairly Valued). The stock has 2 warning signs investors should review. Among 867 Oil & Gas companies, Shell ranks worse than 64.59% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Shell's Gross Profit for the
three
months ended in Mar. 2026 was $13,434 Mil. Shell's Revenue for the
three
months ended in Mar. 2026 was $69,691 Mil. Therefore, Shell's Gross Margin % for the quarter that ended in Mar. 2026 was 19.28%.
The historical rank and industry rank for Shell's Gross Margin % or its related term are showing as below:
RYDAF'
s Gross Margin % Range Over the Past 10 Years
Min: -7.2 Med: 12.63 Max: 20.66
Current: 16.59
During the past 13 years, the highestGross Margin % of Shell was 20.66%. The lowest was -7.20%. And the median was 12.63%.
RYDAF's Gross Margin % is ranked worse than 64.59% of 867
companies
in the Oil & Gas industry
Industry Median: 25.7
vs RYDAF: 16.59
Shell had a gross margin of 19.28% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Shell was 0.00% per year.
Shell (OTCPK:RYDAF) 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
Shell had a gross margin of 19.28% 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.
Shell Gross Margin % Related Terms
Shell Gross Margin % Historical Data
* Premium members only.
The historical data trend for Shell'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 Integrated subindustry, Shell'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.
Shell Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Shell's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Shell'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.
Shell (RYDAF) has a Gross Margin % of 19.28% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Shell and its competitors. This is 53% above median its historical median of 12.63. According to the industry distribution chart, Shell ranks #560 out of 867 companies in the Oil & Gas industry, placing it in the top 64.6%.
Is Shell's Gross Margin % too high?
Shell's current Gross Margin % of 19.28% is 53% above median its 10-year median of 12.63. The Oil & Gas industry median Gross Margin % is 25.70. Shell's value of 19.28% is 25% below this industry median. Based on the distribution chart, Shell ranks #560 out of 867 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Shell has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shell's Gross Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Shell ranks #560 out of 867 companies for Gross Margin %. This places Shell in the lower half of its industry. The industry median Gross Margin % is 25.70. Shell's value of 19.28% is 25% below this benchmark. While the company's 10-year median is 12.63 vs. the industry median of 25.70, Shell 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. Shell's current Gross Margin % of 19.28% is 25% 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 Shell 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. Shell's current Gross Margin % is 19.28%, which is 53% above median its own 10-year median of 12.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shell stock overvalued right now?
Based on GuruFocus' analysis, Shell (RYDAF) is currently considered Fairly Valued. The stock's GF Value™ is $36.42, compared to a current price of $38.95 — trading 6.9% above its estimated fair value. The current Gross Margin % is 19.28%, which is 53% above median its 10-year median of 12.63 and 25% below the Oil & Gas industry median of 25.70. Shell's overall GF Score™ is 70/100 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 Shell (RYDAF), the current Gross Margin % is 19.28% 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 Shell (RYDAF) Overvalued in 2026?
Based on GuruFocus' analysis, Shell stock appears to be overvalued.
The current stock price of $38.95 is trading 6.9% above its estimated GF Value™ of $36.42.
GuruFocus considers Shell to be Fairly Valued.
Key valuation signals for RYDAF:
Gross Margin %: 19.28% (53% above median its 10-year median of 12.63)
GF Value™: $36.42 vs. price of $38.95 (6.9% above fair value)
Industry Position: 25% below the Oil & Gas median (#560 of 867)
No single metric tells the full story. See the RYDAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day. At year-end 2025, reserves stood at 8.1 billion barrels of oil equivalent, 44% of which consisted of liquids. Its production and reserves are in Europe, Asia, Oceania, Africa, and North and South America. The company operates refineries with a capacity of 1.4 mmb/d located in the Americas, Asia, and Europe, and sells about 9 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in Northwestern Europe, China, and North America.
70GF Score
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