Yutong Bus Co (SHSE:600066) Gross Margin %: 23.56% (As of Mar. 2026) — Near Median


SHSE:600066 Yutong Bus Co Ltd SHSE:600066
95 GF Score
Price ¥28.15
GF Value ¥30.72
Valuation Fairly Valued
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What is Yutong Bus Co Gross Margin %?

Yutong Bus Co SHSE:600066 +5.00% 95 Gross Margin % is 23.56% as of Mar. 2026, which is 0% above its 10-year median of 23.55. GuruFocus rates SHSE:600066 with a GF Score™ of 95/100 and a GF Value™ of ¥30.72 (Fairly Valued). Among 210 Farm & Heavy Construction Machinery companies, Yutong Bus Co ranks worse than 55.71% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Yutong Bus Co's Gross Profit for the three months ended in Mar. 2026 was ¥1,392 Mil. Yutong Bus Co's Revenue for the three months ended in Mar. 2026 was ¥5,909 Mil. Therefore, Yutong Bus Co's Gross Margin % for the quarter that ended in Mar. 2026 was 23.56%.


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

SHSE:600066' s Gross Margin % Range Over the Past 10 Years
Min: 17.48   Med: 23.55   Max: 27.82
Current: 24.88


During the past 13 years, the highest Gross Margin % of Yutong Bus Co was 27.82%. The lowest was 17.48%. And the median was 23.55%.

SHSE:600066's Gross Margin % is ranked worse than
55.71% of 210 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 25.66 vs SHSE:600066: 24.88

Yutong Bus Co had a gross margin of 23.56% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Yutong Bus Co was 6.60% per year.


Yutong Bus Co  (SHSE:600066) 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

Yutong Bus Co had a gross margin of 23.56% 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.


Yutong Bus Co Gross Margin % Related Terms


Yutong Bus Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Yutong Bus Co'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.

Yutong Bus Co Gross Margin % Chart

Yutong Bus Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.65 22.83 22.96 22.94 24.14

Yutong Bus Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 18.89 22.94 23.98 27.26 23.56

SHSE:600066 vs CAT, DE, PCAR: Gross Margin % Comparison

For the Farm & Heavy Construction Machinery subindustry, Yutong Bus Co'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.


Yutong Bus Co Gross Margin % vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Yutong Bus Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Yutong Bus Co's Gross Margin % falls into.


SHSE:600066
95GF Score
Yutong Bus Co Ltd SHSE:600066
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Yutong Bus Co Gross Margin % Calculation

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

Yutong Bus Co's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=10000.7 / 41426.174
=(Revenue - Cost of Goods Sold) / Revenue
=(41426.174 - 31425.443) / 41426.174
=24.14 %

Yutong Bus Co'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 )
=1392.2 / 5909.377
=(Revenue - Cost of Goods Sold) / Revenue
=(5909.377 - 4517.227) / 5909.377
=23.56 %

* 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 23.56% mean?
Yutong Bus Co (SHSE:600066) has a Gross Margin % of 23.56% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Yutong Bus Co and its competitors. This is near median its historical median of 23.55. Over the past decade, Yutong Bus Co's Gross Margin % has ranged from 17.48 to 27.82. According to the industry distribution chart, Yutong Bus Co ranks #117 out of 210 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 55.7%.
Is Yutong Bus Co's Gross Margin % too high?
Yutong Bus Co's current Gross Margin % of 23.56% is near median its 10-year median of 23.55. Over the past 10 years, this metric has ranged from a low of 17.48 to a high of 27.82. The Farm & Heavy Construction Machinery industry median Gross Margin % is 25.66. Yutong Bus Co's value of 23.56% is 8.2% below this industry median. Based on the distribution chart, Yutong Bus Co ranks #117 out of 210 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Yutong Bus Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yutong Bus Co's Gross Margin % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Yutong Bus Co ranks #117 out of 210 companies for Gross Margin %. This places Yutong Bus Co in the lower half of its industry. The industry median Gross Margin % is 25.66. Yutong Bus Co's value of 23.56% is 8.2% below this benchmark. Historically, Yutong Bus Co's own Gross Margin % has ranged from 17.48 to 27.82 over the past decade. While the company's 10-year median is 23.55 vs. the industry median of 25.66, Yutong Bus Co 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 Farm & Heavy Construction Machinery company?
The median Gross Margin % among Farm & Heavy Construction Machinery companies is 25.66, based on 210 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. Yutong Bus Co's current Gross Margin % of 23.56% is 8.2% 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 Yutong Bus Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Gross Margin % is 25.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yutong Bus Co's current Gross Margin % is 23.56%, which is near median its own 10-year median of 23.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yutong Bus Co stock overvalued right now?
Based on GuruFocus' analysis, Yutong Bus Co (SHSE:600066) is currently considered Fairly Valued. The stock's GF Value™ is ¥30.72, compared to a current price of ¥28.15 — trading 8.4% below its estimated fair value. The current Gross Margin % is 23.56%, which is near median its 10-year median of 23.55 and 8.2% below the Farm & Heavy Construction Machinery industry median of 25.66. Yutong Bus Co's overall GF Score™ is 95/100. 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 Yutong Bus Co (SHSE:600066), the current Gross Margin % is 23.56% 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 Yutong Bus Co (SHSE:600066) Overvalued in 2026?

Based on GuruFocus' analysis, Yutong Bus Co stock appears to be undervalued. The current stock price of ¥28.15 is trading 8.4% below its estimated GF Value™ of ¥30.72. GuruFocus considers Yutong Bus Co to be Fairly Valued.

Key valuation signals for SHSE:600066:

  • Gross Margin %: 23.56% (near median its 10-year median of 23.55)
  • GF Value™: ¥30.72 vs. price of ¥28.15 (8.4% below fair value)
  • GF Score™: 95/100
  • Industry Position: 8.2% below the Farm & Heavy Construction Machinery median (#117 of 210)

No single metric tells the full story. See the SHSE:600066 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yutong Bus Co Business Description

Address No. 6, Yutong Road, Guancheng Hui District, Henan Province, Zhengzhou, CHN, 450061
Yutong Bus Co Ltd engages in the manufacture and sale of buses and related products. The company operates its business through four main segments. The Bus Manufacturing segment focuses on producing and selling large, medium, and light buses, which include passenger buses, city buses, school buses, and various types of new energy vehicles such as pure electric, plug-in hybrid, and fuel cell models. The Foreign Trade segment handles both domestic and international sales and distribution of buses and new energy vehicles. The Passenger Transportation segment covers services such as group rentals, short-distance and highway travel, tourism transport, bus operations, employee commuting, and school transportation. The Other segment is responsible for providing after-sales support and services.
95GF Score

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

¥28.15
Price
¥30.72
GF Value