Duty Free International (SGX:5SO) Gross Margin %: 35.43% (As of May. 2026) — 12% Above Median

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What is Duty Free International Gross Margin %?

Duty Free International SGX:5SO Gross Margin % is 35.43% as of May. 2026, which is 12% above its 10-year median of 31.62. The stock has 5 warning signs investors should review. Among 1,121 Retail - Cyclical companies, Duty Free International ranks better than 50.94% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Duty Free International's Gross Profit for the three months ended in May. 2026 was S$6.92 Mil. Duty Free International's Revenue for the three months ended in May. 2026 was S$19.53 Mil. Therefore, Duty Free International's Gross Margin % for the quarter that ended in May. 2026 was 35.43%.


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

SGX:5SO' s Gross Margin % Range Over the Past 10 Years
Min: 14.44   Med: 31.62   Max: 36.99
Current: 36.51


During the past 13 years, the highest Gross Margin % of Duty Free International was 36.99%. The lowest was 14.44%. And the median was 31.62%.

SGX:5SO's Gross Margin % is ranked better than
50.94% of 1121 companies
in the Retail - Cyclical industry
Industry Median: 36.11 vs SGX:5SO: 36.51

Duty Free International had a gross margin of 35.43% for the quarter that ended in May. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Duty Free International was 18.30% per year.


Duty Free International  (SGX:5SO) 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

Duty Free International had a gross margin of 35.43% for the quarter that ended in May. 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.


Duty Free International Gross Margin % Related Terms


Duty Free International Gross Margin % Historical Data

* Premium members only.

The historical data trend for Duty Free International'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.

Duty Free International Gross Margin % Chart

Duty Free International Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.07 36.99 34.15 31.64 36.10

Duty Free International Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 33.17 33.59 26.38 45.92 35.43

SGX:5SO vs CASY, WSM, ULTA: Gross Margin % Comparison

For the Specialty Retail subindustry, Duty Free International'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.


Duty Free International Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Duty Free International's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Duty Free International's Gross Margin % falls into.



Duty Free International Gross Margin % Calculation

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

Duty Free International's Gross Margin for the fiscal year that ended in Feb. 2026 is calculated as

Gross Margin % (A: Feb. 2026 )=Gross Profit (A: Feb. 2026 ) / Revenue (A: Feb. 2026 )
=24.8 / 68.809
=(Revenue - Cost of Goods Sold) / Revenue
=(68.809 - 43.967) / 68.809
=36.10 %

Duty Free International's Gross Margin for the quarter that ended in May. 2026 is calculated as


Gross Margin % (Q: May. 2026 )=Gross Profit (Q: May. 2026 ) / Revenue (Q: May. 2026 )
=6.9 / 19.529
=(Revenue - Cost of Goods Sold) / Revenue
=(19.529 - 12.61) / 19.529
=35.43 %

* 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 35.43% mean?
Duty Free International (SGX:5SO) has a Gross Margin % of 35.43% as of May. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Duty Free International and its competitors. This is 12% above median its historical median of 31.62. Over the past decade, Duty Free International's Gross Margin % has ranged from 14.44 to 36.99. According to the industry distribution chart, Duty Free International ranks #550 out of 1121 companies in the Retail - Cyclical industry, placing it in the top 49.1%.
Is Duty Free International's Gross Margin % too high?
Duty Free International's current Gross Margin % of 35.43% is 12% above median its 10-year median of 31.62. Over the past 10 years, this metric has ranged from a low of 14.44 to a high of 36.99. The Retail - Cyclical industry median Gross Margin % is 36.11. Duty Free International's value of 35.43% is 1.9% below this industry median. Based on the distribution chart, Duty Free International ranks #550 out of 1121 companies in the Retail - Cyclical industry, which is above the industry midpoint.
How does Duty Free International's Gross Margin % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Duty Free International ranks #550 out of 1121 companies for Gross Margin %. This puts Duty Free International in the upper half of its industry. The industry median Gross Margin % is 36.11. Duty Free International's value of 35.43% is 1.9% below this benchmark. Historically, Duty Free International's own Gross Margin % has ranged from 14.44 to 36.99 over the past decade. While the company's 10-year median is 31.62 vs. the industry median of 36.11, Duty Free International 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 a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.11, based on 1,121 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. Duty Free International's current Gross Margin % of 35.43% is 1.9% 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 Duty Free International and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Duty Free International's current Gross Margin % is 35.43%, which is 12% above median its own 10-year median of 31.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Duty Free International stock overvalued right now?
Based on GuruFocus' analysis, Duty Free International (SGX:5SO) is currently considered Significantly Undervalued. The stock's GF Value™ is S$0.13, compared to a current price of S$0.07 — trading 49.2% below its estimated fair value. The current Gross Margin % is 35.43%, which is 12% above median its 10-year median of 31.62 and 1.9% below the Retail - Cyclical industry median of 36.11. 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 Duty Free International (SGX:5SO), the current Gross Margin % is 35.43% as of May. 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.

Duty Free International Business Description

Address 138 Cecil Street, No. 12-01A, Cecil Court, Singapore, SGP, 069538
Duty Free International Ltd is a diversified group engaged in the operations of duty-free retail businesses and the manufacture of automotive component parts. Its segments include Trading of duty free goods and non-dutiable merchandise includes revenues from sale of goods, Manufacturing and supplying of automotive component parts includes revenues from sale of goods, and Investment holding and others includes revenues from sale of oil palm fresh fruit bunches. The majority of revenue is derived from Trading of duty free goods and non-dutiable merchandise segment. Beyond its core businesses, DFI also owns the Black Forest Golf and Country Club and oil palm plantation assets. The activities of the company are carried out mainly in Malaysia.