Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Soluna HoldingsSLNH -3.75%37 Gross Margin % is 5.09% as of Jun. 2026, which is 87% below its 10-year median of 37.84. GuruFocus rates SLNH with a GF Score™ of 37/100 and a GF Value™ of $0.14 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 621 Capital Markets companies, Soluna Holdings ranks worse than 75.04% on this metric.
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
Soluna Holdings had a gross margin of 5.09% for the quarter that ended in Jun. 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.
Soluna Holdings Gross Margin % Related Terms
Soluna Holdings Gross Margin % Historical Data
* Premium members only.
The historical data trend for Soluna Holdings'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 Capital Markets subindustry, Soluna Holdings'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.
Soluna Holdings Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Soluna Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Soluna Holdings'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.
Soluna Holdings (SLNH) has a Gross Margin % of 5.09% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Soluna Holdings and its competitors. This is 87% below median its historical median of 37.84. According to the industry distribution chart, Soluna Holdings ranks #466 out of 621 companies in the Capital Markets industry, placing it in the top 75%.
Is Soluna Holdings' Gross Margin % too high?
Soluna Holdings' current Gross Margin % of 5.09% is 87% below median its 10-year median of 37.84. The Capital Markets industry median Gross Margin % is 49.97. Soluna Holdings' value of 5.09% is 89.8% below this industry median. Based on the distribution chart, Soluna Holdings ranks #466 out of 621 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Soluna Holdings has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Soluna Holdings' Gross Margin % compare to FUFU and CFOR?
According to the Capital Markets industry distribution chart, Soluna Holdings ranks #466 out of 621 companies for Gross Margin %. This places Soluna Holdings in the lower half of its industry. The industry median Gross Margin % is 49.97. Soluna Holdings' value of 5.09% is 89.8% below this benchmark. While the company's 10-year median is 37.84 vs. the industry median of 49.97, Soluna Holdings 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 Capital Markets company?
The median Gross Margin % among Capital Markets companies is 49.97, based on 621 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. Soluna Holdings's current Gross Margin % of 5.09% is 89.8% 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 Soluna Holdings and its competitors. For the Capital Markets industry, the median Gross Margin % is 49.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Soluna Holdings's current Gross Margin % is 5.09%, which is 87% below median its own 10-year median of 37.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Soluna Holdings stock overvalued right now?
Based on GuruFocus' analysis, Soluna Holdings (SLNH) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.14, compared to a current price of $1.16 — trading 725% above its estimated fair value. The current Gross Margin % is 5.09%, which is 87% below median its 10-year median of 37.84 and 89.8% below the Capital Markets industry median of 49.97. Soluna Holdings' overall GF Score™ is 37/100 with 6 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 Soluna Holdings (SLNH), the current Gross Margin % is 5.09% as of Jun. 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 Soluna Holdings (SLNH) Overvalued in 2026?
Based on GuruFocus' analysis, Soluna Holdings stock appears to be overvalued.
The current stock price of $1.16 is trading 725% above its estimated GF Value™ of $0.14.
GuruFocus considers Soluna Holdings to be Significantly Overvalued.
Key valuation signals for SLNH:
Gross Margin %: 5.09% (87% below median its 10-year median of 37.84)
GF Value™: $0.14 vs. price of $1.16 (725% above fair value)
Industry Position: 89.8% below the Capital Markets median (#466 of 621)
No single metric tells the full story. See the SLNH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Soluna Holdings Inc is a U.S.-based company engaged in the development and operation of data centers powered by renewable energy. The company utilizes excess or curtailed energy from renewable sources to support high-performance computing applications, including cryptocurrency mining, artificial intelligence, and machine learning. Its business model focuses on converting underutilized renewable energy into computing resources through co-located data center infrastructure.
37GF Score
Get the complete analysis for SLNH
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SLNH has been successfully added to your 
