Sleep NumberSNBRQ +6.15% Gross Margin % is 57.88% as of Mar. 2026, which is 4% below its 10-year median of 60.48. The stock has 9 warning signs investors should review. Among 419 Furnishings, Fixtures & Appliances companies, Sleep Number ranks better than 94.75% on this metric.
The historical rank and industry rank for Sleep Number's Gross Margin % or its related term are showing as below:
SNBRQ'
s Gross Margin % Range Over the Past 10 Years
Min: 56.87 Med: 60.48 Max: 62.27
Current: 58.11
During the past 13 years, the highestGross Margin % of Sleep Number was 62.27%. The lowest was 56.87%. And the median was 60.48%.
SNBRQ's Gross Margin % is ranked better than 94.75% of 419
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 29.11
vs SNBRQ: 58.11
Sleep Number had a gross margin of 57.88% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Sleep Number was -0.80% per year.
Sleep Number (OTCPK:SNBRQ) 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
Sleep Number had a gross margin of 57.88% 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.
Sleep Number Gross Margin % Related Terms
Sleep Number Gross Margin % Historical Data
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The historical data trend for Sleep Number'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.
SNBRQ vs CRWS, NTZ, EFOI: Gross Margin % Comparison
For the Furnishings, Fixtures & Appliances subindustry, Sleep Number'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.
Sleep Number Gross Margin % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sleep Number's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Sleep Number'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.
Sleep Number (SNBRQ) has a Gross Margin % of 57.88% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Sleep Number and its competitors. This is near median its historical median of 60.48. Over the past decade, Sleep Number's Gross Margin % has ranged from 56.87 to 62.27. According to the industry distribution chart, Sleep Number ranks #22 out of 419 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 5.3%.
Is Sleep Number's Gross Margin % too high?
Sleep Number's current Gross Margin % of 57.88% is near median its 10-year median of 60.48. Over the past 10 years, this metric has ranged from a low of 56.87 to a high of 62.27. The Furnishings, Fixtures & Appliances industry median Gross Margin % is 29.11. Sleep Number's value of 57.88% is 98.8% above this industry median. Based on the distribution chart, Sleep Number ranks #22 out of 419 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers.
How does Sleep Number's Gross Margin % compare to CRWS and NTZ?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Sleep Number ranks #22 out of 419 companies for Gross Margin %. This places Sleep Number in the top 5% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 29.11. Sleep Number's value of 57.88% is 98.8% above this benchmark. Historically, Sleep Number's own Gross Margin % has ranged from 56.87 to 62.27 over the past decade. While the company's 10-year median is 60.48 vs. the industry median of 29.11, Sleep Number 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 Furnishings, Fixtures & Appliances company?
The median Gross Margin % among Furnishings, Fixtures & Appliances companies is 29.11, based on 419 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. Sleep Number's current Gross Margin % of 57.88% is 98.8% 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 Sleep Number and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Gross Margin % is 29.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sleep Number's current Gross Margin % is 57.88%, which is near median its own 10-year median of 60.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sleep Number stock overvalued right now?
Based on GuruFocus' analysis, Sleep Number (SNBRQ) is currently considered Possible Value Trap. The stock's GF Value™ is $9.42, compared to a current price of $0.03 — trading 99.6% below its estimated fair value. The current Gross Margin % is 57.88%, which is near median its 10-year median of 60.48 and 98.8% above the Furnishings, Fixtures & Appliances industry median of 29.11. 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 Sleep Number (SNBRQ), the current Gross Margin % is 57.88% 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.
Sleep Number Corp is a designer, manufacturer, marketer, and retailer, which allows it to offer consumers high-quality, individualized sleep solutions and services. It also offers FlextFit adjustable bases, and Sleep Number pillows, sheets, and other bedding products. The company generates revenue by marketing its innovations directly to new and existing customers and selling products through its Stores, Online, Phone, Chat (Total Retail), and Other. It focuses on personalized sleep wellness, with mattresses designed to evolve with each sleeper to help them feel and perform well, featuring adjustable firmness, pressure-relieving support, and temperature-balancing comfort built into every mattress. Its products include mattresses, bundles, bedding, pillows, and furniture.
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