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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.
Spindletop Oil & Gas CoSPND -10.53%65 Gross Margin % is 63.06% as of Mar. 2026, which is 39% above its 10-year median of 45.33. GuruFocus rates SPND with a GF Score™ of 65/100 and a GF Value™ of $2.57 (Fairly Valued). The stock has 2 warning signs investors should review. Among 871 Oil & Gas companies, Spindletop Oil & Gas Co ranks better than 70.38% on this metric.
SPND's Gross Margin % is ranked better than 70.38% of 871
companies
in the Oil & Gas industry
Industry Median: 25.87
vs SPND: 41.57
Spindletop Oil & Gas Co had a gross margin of 63.06% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Spindletop Oil & Gas Co was -0.80% per year.
Spindletop Oil & Gas Co (OTCPK:SPND) 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
Spindletop Oil & Gas Co had a gross margin of 63.06% 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.
Spindletop Oil & Gas Co Gross Margin % Related Terms
Spindletop Oil & Gas Co Gross Margin % Historical Data
* 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 E&P subindustry, Spindletop Oil & Gas 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.
Spindletop Oil & Gas Co Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Spindletop Oil & Gas Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Spindletop Oil & Gas Co'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.
Spindletop Oil & Gas Co (SPND) has a Gross Margin % of 63.06% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Spindletop Oil & Gas Co and its competitors. This is 39% above median its historical median of 45.33. Over the past decade, Spindletop Oil & Gas Co's Gross Margin % has ranged from 26.01 to 61.02. According to the industry distribution chart, Spindletop Oil & Gas Co ranks #258 out of 871 companies in the Oil & Gas industry, placing it in the top 29.6%.
Is Spindletop Oil & Gas Co's Gross Margin % too high?
Spindletop Oil & Gas Co's current Gross Margin % of 63.06% is 39% above median its 10-year median of 45.33. Over the past 10 years, this metric has ranged from a low of 26.01 to a high of 61.02. The Oil & Gas industry median Gross Margin % is 25.87. Spindletop Oil & Gas Co's value of 63.06% is 143.8% above this industry median. Based on the distribution chart, Spindletop Oil & Gas Co ranks #258 out of 871 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Spindletop Oil & Gas Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Spindletop Oil & Gas Co's Gross Margin % compare to MXC and BRN?
According to the Oil & Gas industry distribution chart, Spindletop Oil & Gas Co ranks #258 out of 871 companies for Gross Margin %. This puts Spindletop Oil & Gas Co in the upper half of its industry. The industry median Gross Margin % is 25.87. Spindletop Oil & Gas Co's value of 63.06% is 143.8% above this benchmark. Historically, Spindletop Oil & Gas Co's own Gross Margin % has ranged from 26.01 to 61.02 over the past decade. While the company's 10-year median is 45.33 vs. the industry median of 25.87, Spindletop Oil & Gas Co 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 an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.87, based on 871 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. Spindletop Oil & Gas Co's current Gross Margin % of 63.06% is 143.8% 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 Spindletop Oil & Gas Co and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spindletop Oil & Gas Co's current Gross Margin % is 63.06%, which is 39% above median its own 10-year median of 45.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spindletop Oil & Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Spindletop Oil & Gas Co (SPND) is currently considered Fairly Valued. The stock's GF Value™ is $2.57, compared to a current price of $2.55 — trading 0.8% below its estimated fair value. The current Gross Margin % is 63.06%, which is 39% above median its 10-year median of 45.33 and 143.8% above the Oil & Gas industry median of 25.87. Spindletop Oil & Gas Co's overall GF Score™ is 65/100 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 Spindletop Oil & Gas Co (SPND), the current Gross Margin % is 63.06% 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 Spindletop Oil & Gas Co (SPND) Overvalued in 2026?
Based on GuruFocus' analysis, Spindletop Oil & Gas Co stock appears to be undervalued.
The current stock price of $2.55 is trading 0.8% below its estimated GF Value™ of $2.57.
GuruFocus considers Spindletop Oil & Gas Co to be Fairly Valued.
Key valuation signals for SPND:
Gross Margin %: 63.06% (39% above median its 10-year median of 45.33)
GF Value™: $2.57 vs. price of $2.55 (0.8% below fair value)
Industry Position: 143.8% above the Oil & Gas median (#258 of 871)
No single metric tells the full story. See the SPND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spindletop Oil & Gas Co is an independent oil and gas company engaged in the exploration, development, production, and acquisition of oil and natural gas. In addition, it also provides the rental of oilfield equipment and is engaged in the gathering and marketing of natural gas. The oil and gas properties of the company are spread across Texas, Oklahoma, New Mexico, Louisiana, and Alabama. The company's operating business segments are: oil and gas exploration, acquisition, development and production of oil and natural gas; natural gas gathering; and commercial real estate investment. A majority of its revenue is generated from the oil and gas exploration, production, and operations segment.
65GF Score
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